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We identify externalities in human capital production function arising from sibling spillovers. Using regression discontinuity design generated by school-entry cutoffs and school records from one district in Florida, we find positive spillover effects from an older to a younger child in less...
Persistent link: https://www.econbiz.de/10011982073
household mobility. We calibrate our theoretical model to match the mobility rates in our data and our quasi …
Persistent link: https://www.econbiz.de/10012033276
. This paper investigates both long-term and short-term spillovers of a major non-communicable health shock, namely a cancer …
Persistent link: https://www.econbiz.de/10014292854
Mexico. However, wastewater treatment levels also differ greatly among the 2,456 Mexican municipalities. We apply spatial …
Persistent link: https://www.econbiz.de/10011903887
This paper presents a method for estimating treatment effects of regulations when treated and control firms compete on the output market. We develop a GMM estimator that recovers reduced-form parameters consistent with a model of differentiated product markets with multi-plant firms, and use...
Persistent link: https://www.econbiz.de/10014282440
When the world economy was recently hit by a severe recession, governments all over the world reacted by initiating stimulus packages. Some countries (among them, most notably, China and the US) tried to put special emphasis on their home industries by including "Buy local" clauses into the...
Persistent link: https://www.econbiz.de/10008697408
policy shock leads to a persistent fall in international output, a drop in global inflation rates, a rise in international … shock to foreign real GDP growth. …
Persistent link: https://www.econbiz.de/10011444866
This paper shows how a world price shock can increase the likelihood that democratization must be used to resolve the … price shock can push the country into a situation where the elite face a commitment problem that only democratization can … resolve. Because the world price shock may also reduce average incomes, the model provides a way to understand why the level …
Persistent link: https://www.econbiz.de/10010485531
We estimate spillover effects of a fiscal shock in one member country in the euro area on outputs of the rest of the … members, using a Global Vector Autoregression (GVAR) model. We compare the effects of a domestic fiscal shock with those of a … similar size area-wide shock expressed as a weighted average of the fiscal shocks across all member countries. According to …
Persistent link: https://www.econbiz.de/10009581972
This paper shows that price rigidity evolves in an economy populated by imperfectly rational agents who experiment with alternative rules of thumb. In the model, firms must set their prices in face of aggregate demand shocks. Their payoff depends on the level of aggregate demand, as well as on...
Persistent link: https://www.econbiz.de/10011409938