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American politics have been characterized by a high degree of partisan conflict in recent years. Combined with a … phenomena may be related. In this paper, I investigate the hypothesis that political discord depresses private investment. To … this end, I construct a novel high- frequency indicator of partisan conflict. The partisan conflict index (PCI) uses a …
Persistent link: https://www.econbiz.de/10012457394
conflict when defense capability is fixed, but may allow for security and prosperity when defense capability is endogenous … of conflict and stagnation. We illustrate the model by analyzing the rise of civilization in Sumeria and Egypt, the first …
Persistent link: https://www.econbiz.de/10012456842
We study empirically the macroeconomic effects of an explicit de jure quantitative goal for monetary policy. Quantitative goals take three forms: exchange rates, money growth rates, and inflation targets. We analyze the effects on inflation of both having a quantitative target, and of hitting a...
Persistent link: https://www.econbiz.de/10012467843
We examine evidence on omitted-ability bias in estimates of the economic return to schooling, using proxies for unobserved ability. We consider measurement error in these ability proxies and the potential endogeneity of both experience and schooling, and examine wages at labor market entry and...
Persistent link: https://www.econbiz.de/10012474703
estimation risk. At the individual fund level, our method pools information from the entire alpha distribution to make density …
Persistent link: https://www.econbiz.de/10012456541
In this paper, we empirically investigate how government ideology affects trade policy. The prediction of a partisan …, ideology-based model (within a two-sector, two-factor Heckscher-Ohlin framework) is that left-wing governments will adopt more …
Persistent link: https://www.econbiz.de/10012469470
Has rising import competition contributed to the polarization of U.S. politics? Analyzing outcomes from the 2002 and 2010 congressional elections and the 2000, 2008, and 2016 presidential elections, we detect an ideological realignment that is centered in trade-exposed local labor markets and...
Persistent link: https://www.econbiz.de/10012456043
We develop a measure of a regime's tolerance for an action by its citizens. We ground our measure in an economic model and apply it to the setting of political protest. In the model, a regime anticipating a protest can take a costly action to repress it. We define the regime's tolerance as the...
Persistent link: https://www.econbiz.de/10013334386
to conflict and civil war. Ethnographic accounts suggest that in segmentary lineage societies, which are characterized by … individuals. We test for this link between segmentary lineage and conflict across 145 African ethnic groups in sub-Saharan Africa …. Using a number of estimation strategies, including an RD design at ethnic boundaries, we find that segmentary lineage …
Persistent link: https://www.econbiz.de/10012453504
Over the last twenty years the wage-education relationships in the US and Germany have evolved very differently, while the education composition of employment has evolved in a surprisingly parallel fashion. In this paper, we propose and test an explanation to these conflicting patterns. The...
Persistent link: https://www.econbiz.de/10012471064