Showing 1 - 10 of 91
WWII in France. In order to identify the causal effect of education, we exploit the fact that the small group of people … graduating from elite education (Grandes Ecoles) remained stable, while the rest of the system experienced tremendous … cohorts that received more education have a lower wage gap, relative to Grandes Ecoles. We show that such a large scale …
Persistent link: https://www.econbiz.de/10010738887
sensibility of employment with respect to growth too. When calibrated, the model manages to reproduce the aggregate capitalization …
Persistent link: https://www.econbiz.de/10010821435
We study the responses of regional employment and nominal wages to trade liberalization, exploiting the natural experiment provided by the opening of Central and Eastern European markets after the fall of the Iron Curtain in 1990. Using data for Austrian municipalities, we examine differential...
Persistent link: https://www.econbiz.de/10009207110
subjects? Using the entrance exam of a French higher education institution (the Ecole Normale Supérieure) as a natural …
Persistent link: https://www.econbiz.de/10010738832
This paper provides a method to single out customer-based discrimination in the housing market. We build a matching model with ethnic externalities where landlords differ in the number of housing units they own within the same building. Multiple-dwelling landlords discriminate more often than...
Persistent link: https://www.econbiz.de/10010933935
In an often quoted article, Genesove and Mayer (2001) observe that house sellers are reluctant to sell at a loss, and attribute this finding to loss aversion. I show that loss aversion cannot explain this phenomenon.
Persistent link: https://www.econbiz.de/10010635268
In this paper, we propose a definition of Edgeworth equilibrium for a private ownership production economy with (possibly infinitely) many private goods and a finite number of pure public goods. We show that Edgeworth equilibria exist whatever be the dimension of the private goods space, and can...
Persistent link: https://www.econbiz.de/10010750403
In a simple public good economy, we propose a natural bargaining procedure whose equilibria converge to Lindahl allocations as the cost of bargaining vanishes. The procedure splits the decision over the allocation in a decision about personalized prices and a decision about output levels for the...
Persistent link: https://www.econbiz.de/10010750409
Unlike partial equilibrium analysis which study the equilibrium of a particular market under the clause "ceteris paribus" that revenues and prices on the other markets stay approximately unaffected, the ambition of a general equilibrium model is to analyze the simultaneous equilibrium in all...
Persistent link: https://www.econbiz.de/10010750449
The body of literature on purely democratic countries can sometimes fail to explain the behavior of government in semi-democratic African countries. Empirical and theoretical political economic papers find that public funds target ruling party supporters and swing districts. Our results,...
Persistent link: https://www.econbiz.de/10010753932