Showing 1 - 10 of 113
fairness and social justice are increasingly voiced by citizens and their governments around the world. Taking a novel "bottom … up" approach to concerns for fairness, we show how these concerns can be formalized in a general and tractable way, and …-related fairness concerns of their citizens. More generally, our findings point to a detailed understanding of real-world perceptions …
Persistent link: https://www.econbiz.de/10015056179
Governments use their countries' economic strength from existing financial and trade relationships to achieve geopolitical and economic goals. We refer to this practice as geoeconomics. We build a framework based on three core ingredients: input output linkages, limited contract enforceability,...
Persistent link: https://www.econbiz.de/10014436983
We estimate the impact of trade policy uncertainty (TPU) on CES import price indices, focusing on the implications of Britain's exit from the European Union (Brexit). Our analysis reveals that an increase in the probability of Brexit increases U.K. import price indices by raising the prices of...
Persistent link: https://www.econbiz.de/10014337833
We formalize the GATT/WTO principle of reciprocity in workhorse quantitative trade models, characterizing reciprocal tariff cuts that hold terms of trade fixed and investigating their labor-market impacts. We provide closed-form expressions mapping reciprocal tariff cuts to labor market...
Persistent link: https://www.econbiz.de/10015056161
We review theoretical and empirical work on the economic effects of the United States and China trade relations during the last decades. We first discuss the origins of the China shock, its measurement, and present methods used to study its economic effects on different outcomes. We then focus...
Persistent link: https://www.econbiz.de/10013361989
What is inequality in health? Are economists' standard tools for measuring income inequality relevant or useful for measuring it? Does income protect health and does income inequality endanger it? I discuss two different concepts of health inequality and relate each of them to the literature on...
Persistent link: https://www.econbiz.de/10012471653
Algorithms (in some form) are already widely used in the criminal justice system. We draw lessons from this experience for what is to come for the rest of society as machine learning diffuses. We find economists and other social scientists have a key role to play in shaping the impact of...
Persistent link: https://www.econbiz.de/10012629487
We conduct a lab-in-the-field experiment to identify parents' preferences for investing in their children. The experiment exogenously varied the short-run returns to educational investments to identify how much parents care about maximizing total household earnings, minimizing cross-sibling...
Persistent link: https://www.econbiz.de/10012479256
effect is driven by comparisons with higher-paid peers--suggesting concerns about fairness. Separations appear fairly …
Persistent link: https://www.econbiz.de/10012480561
's perception of product fairness. We discuss implications of our findings for financial planners hoping to help their customers …
Persistent link: https://www.econbiz.de/10012480718