Showing 1 - 10 of 13
We develop a measure of upward mobility that distills central features of the relative and absolute approaches to measuring mobility. The former is embodied in the Growth Progressivity axiom: transfers of instantaneous growth rates from relatively rich to poor individuals increases upward...
Persistent link: https://www.econbiz.de/10012938765
We propose a model of collaborative work in pairs. Each potential partner draws an idea from a distribution that depends on their unobserved ability. The partners then choose to combine their ideas, or work separately. These decisions are based on the intrinsic value of their projects, but also...
Persistent link: https://www.econbiz.de/10012585423
India's case fatality rate (CFR) under covid-19 is strikingly low, trending from 3% or more, to a current level of around 2.2%. The world average rate is far higher, at around 4%. Several observers have noted that this difference is at least partly due to India's younger age distribution. In...
Persistent link: https://www.econbiz.de/10012481244
We provide an interim report on the Indian lockdown provoked by the covid-19 pandemic. The main topics -- ranging from the philosophy of lockdown to the provision of relief measures -- transcend the Indian case. A recurrent theme is the enormous visibility of covid-19 deaths worldwide, with...
Persistent link: https://www.econbiz.de/10012481864
Agents signal their type in a principal-agent model; the principal seeks to retain good agents. Types are signaled with some ambient noise. Agents can choose to add or remove additional noise at a cost. It is shown that monotone retention strategies, in which the principal keeps the agent if the...
Persistent link: https://www.econbiz.de/10012453092
In economics, alphabetical name order is the baseline norm for joint publications. A growing literature suggests, however, that alphabetical order confers uneven benefits on the first author. This paper introduces and studies certified random order, which involves randomization of names that is...
Persistent link: https://www.econbiz.de/10012456077
That unmarried individuals die at a faster rate than married individuals at all ages is well documented. Unmarried women in developing countries face particularly severe vulnerabilities, so that excess mortality faced by the unmarried is more extreme for women in these regions compared to...
Persistent link: https://www.econbiz.de/10012457157
This paper develops a theory of socially determined aspirations, and the interaction of those aspirations with growth and inequality. The interaction is bidirectional: economy-wide outcomes determine individual aspirations, which in turn determine investment incentives and social outcomes. Thus...
Persistent link: https://www.econbiz.de/10012458688
We study a contract change for tea pluckers on an Indian plantation, with a higher government-stipulated baseline wage. Incentive piece rates were lowered or kept unchanged. Yet, in the following month, output increased by 20-80%. This response contradicts the standard model and several...
Persistent link: https://www.econbiz.de/10012458814
We model inter-group conflict driven by economic changes within groups. We show that if group incomes are low, increasing group incomes raises violence against that group, and lowers violence generated by it. We then apply the model to data on Hindu-Muslim violence in India. Our main result is...
Persistent link: https://www.econbiz.de/10012459571