Showing 1 - 10 of 119
We examine the dynamics of a country's growth, consumption, and sovereign debt, assuming that the government is myopic and wants to maximize short-term, self-interested spending. Surprisingly, government myopia can increase a country's access to external borrowing. In turn, access to borrowing...
Persistent link: https://www.econbiz.de/10013334513
The scholarly impact of academic research matters for academic promotions, influence, relevance to public policy, and others. Focusing on writing style in top-level professional journals, we examine how it changes with age, and how stylistic differences and age affect impact. As top-level...
Persistent link: https://www.econbiz.de/10014250168
Using data describing all "Top 5" economics journal publications from 1969-2018, we examine what determines which authors produce less as they age and which retire earlier. Sub-field has no impact on the rate of production, but interacts with it to alter retirement probabilities. A positive,...
Persistent link: https://www.econbiz.de/10014250192
Are developing-world cities engines of opportunities for low-wage earners? In this study, we track a cohort of young low-income workers in Brazil for thirteen years to explore the contribution of factors such as industrial structure and skill segregation on upward income mobility. We find that...
Persistent link: https://www.econbiz.de/10014544705
The primary motivation behind quantitative modeling in international trade and many other fields is to shed light on the economic consequences of policy changes. To help assess and potentially strengthen the credibility of such quantitative predictions we introduce an IV-based goodness-of-fit...
Persistent link: https://www.econbiz.de/10014322709
How do political preferences shape transportation policy? We study this question in the context of California's High-Speed Rail (CHSR). Combining geographic data on votes in a referendum on the CHSR with a model of its expected economic benefits, we estimate the weight of economic and...
Persistent link: https://www.econbiz.de/10014322825
Equally educated people are healthier if they live in more educated places. Every 10 percent point increase in an area's share of adults with a college degree is associated with a decline in all-cause mortality by 7%, controlling for individual education, demographics, and area characteristics....
Persistent link: https://www.econbiz.de/10014528386
This paper examines the profound challenges that transformative advances in AI towards Artificial General Intelligence (AGI) will pose for economists and economic policymakers. I examine how the Age of AI will revolutionize the basic structure of our economies by diminishing the role of labor,...
Persistent link: https://www.econbiz.de/10015072921
We study the role of trade policy in one of the most pressing climate policy challenges that developing countries face: meeting voluntary emission restraints (VERs). To do so, we develop a general equilibrium trade model that extends Caliendo and Parro (2015) in three dimensions. First, we model...
Persistent link: https://www.econbiz.de/10014544737
Large language models (LLMs) such as ChatGPT have the potential to revolutionize research in economics and other disciplines. I describe 25 use cases along six domains in which LLMs are starting to become useful as both research assistants and tutors: ideation, writing, background research, data...
Persistent link: https://www.econbiz.de/10014226154