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Growth and Poverty. The case of México
Soloaga, Isidro - Econometric Society - 2004
Although poverty levels have been diminishing in Mexico since the late 90’s, several regions still show high levels … of poverty which are extremely high in some rural areas. The paper addresses the issue of the linkages between sectoral … growth (urban/rural) and poverty levels by applying Ravallion and Datt (1996) reduced equation´s approach to regional data …
Persistent link: https://www.econbiz.de/10005328874
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Gender and Racial Discrimination in Hiring: A Pseudo Audit Study for Three Selected Occupations in Metropolitan Lima
Nopo, Hugo - Econometric Society - 2004
In this paper, we adapt the audit studies methodology to analyze gender and racial differences in hiring for a particular segment of the market of three selected occupations in Metropolitan Lima: salespersons, secretaries and (accounting and administrative) assistants. The adapted pseudo-audit...
Persistent link: https://www.econbiz.de/10005328873
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Pricing Psychology: Evidence from a Randomized Field Experiment in a Consumer Credit Market
Bertrand, Marianne; Karlan, Dean - Econometric Society - 2004
This paper tests stylized facts and theories from behavioral economics and laboratory experiments using a randomized field experiment of our design. A major South African consumer credit lender issued 60,000 scripted direct mail solicitations where several marketing “treatments†were...
Persistent link: https://www.econbiz.de/10005702606
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Identifying Information Asymmetries: New Methods and Evidence from a Randomized Field Experiment
Karlan, Dean; Zinman, Jonathan - Econometric Society - 2004
This paper estimates the prevalence of asymmetric information in a consumer credit market using a field experiment of our design. A major South African lender issued 60,000 direct mail offers where the interest rate was randomized along two different dimensions — an initial “offer...
Persistent link: https://www.econbiz.de/10005702665
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Testing for Placebo Effects Using Data from Blinded, Randomized Controlled Trials
Malani, Anup - Econometric Society - 2004
This paper proposes a test for the existence of placebo effects, as described by the so-called expectancy theory. This theory, which is the dominant medical theory of how placebo effects operate, posits that health outcomes rise in individuals' beliefs about the probability that they are getting...
Persistent link: https://www.econbiz.de/10005702673
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Mortgages as Recursive Contracts
Marquis, Milton H.; Krainer, John - Econometric Society - 2004
Mortgages are one-sided contracts under which the borrower may terminate the contract at any time, while the lender must commit to honoring the terms of the contract throughout its life. There are two aspects to this feature of the contract that are modeled in this paper. The first is that the...
Persistent link: https://www.econbiz.de/10005328972
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The road to extinction: commons with capital markets
Rowat, Colin; Dutta, Jayasri - Econometric Society - 2004
Competitive agents extract in continuous time from a commons. Capital market access allows them to both save and borrow against their extraction stream. When the commons asset grows more quickly than the privately stored one, multiple equilibria are found for intermediate commons endowments. One...
Persistent link: https://www.econbiz.de/10005342247
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General Properties of Rational Stock-Market Fluctuations
Mele, Antonio - Econometric Society - 2004
Which pricing kernel restrictions are needed to make low dimensional Markov models consistent with given sets of predictions on aggregate stock-market fluctuations ? This paper develops theoretical test conditions addressing this and related reverse engineering issues arising within a fairly...
Persistent link: https://www.econbiz.de/10005342258
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The Strength and Nature of Bequest Motives in the United States
Lee, Yoon G.; Horioka, Charles Yuji - Econometric Society - 2004
In this paper, we analyze the strength and nature of bequest motives in the United States using data from the 2000 Health and Retirement Study (HRS). The results of our analysis suggest that bequest motives are very strong in the United States and that they are altruistically motivated. This...
Persistent link: https://www.econbiz.de/10005342297
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The Household, Time Use and the Sharing Rule
Rees, Ray; Breunig, Robert; Apps, Patricia - Econometric Society - 2004
This paper sets out a theoretical framework for models of the household production and labour supply decisions of families, and estimates empirical specifications on time use survey data containing information on labour supply, domestic work and pure leisure. The models are then compared with...
Persistent link: https://www.econbiz.de/10005063685