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Partial insurance and investments in children

Carneiro, Pedro; Ginja, Rita - 2015

This paper studies the impact of permanent and transitory shocks to income on parental investments in children. We use panel data on family income, and an index of investments in children in time and goods, from the Children of the National Longitudinal Survey of Youth. Consistent with the...

Persistent link: https://www.econbiz.de/10010510508

Inflation and welfare in long-run equilibrium with firm dynamics

Janiak, Alexandre; Monteiro, Paulo Santos - 2009

We analyze the welfare cost of inflation in a model with cash-in-advance constraints and an endogenous distribution of establishments' productivities. Inflation distorts aggregate productivity through firm entry dynamics. The model is calibrated to the United States economy and the long-run...

Persistent link: https://www.econbiz.de/10003916989

Does local business ownership insulate cities from economic shocks?

Kolko, Jed; Neumark, David - 2009

We assess a prominent argument for local economic policies that favor locally-owned businesses - namely, that locally-owned firms are more likely to internalize the costs to the community of decisions to reduce employment and hence help to insulate cities from adverse economic shocks. We test...

Persistent link: https://www.econbiz.de/10003898087

Perfect Bayesian implementation

Brusco, Sandro - In: Economic theory : official journal of the Society for … 5 (1995), pp. 419-444

Persistent link: https://www.econbiz.de/10001180191

Double implementation in Nash and undominated Nash equilibria in social choice environments

Tatamitani, Yoshikatsu - In: Economic theory : official journal of the Society for … 3 (1993) 1, pp. 109-117

Persistent link: https://www.econbiz.de/10001136000

Skill-biased change in entrepreneurial technology

Poschke, Markus - 2010

. This paper proposes a simple theory of skill-biased change in entrepreneurial technology that fits with cross …

Persistent link: https://www.econbiz.de/10009011635

Causal effects of monetary shocks : semiparametric conditional independence tests with a multinomial propensity score

Angrist, Joshua D. (contributor); … - 2008

Macroeconomists have long been concerned with the causal effects of monetary policy. When the identification of causal effects is based on a selection-on-observables assumption, non-causality amounts to the conditional independence of outcomes and policy changes. This paper develops a...

Persistent link: https://www.econbiz.de/10003739948

Firm dynamics with frictional product and labor markets

Kaas, Leo; Kimasa, Bihemo - 2018

This paper analyzes the joint dynamics of prices, output and employment across firms. We develop a dynamic equilibrium model of heterogeneous firms who compete for workers and customers in frictional labor and product markets. Idiosyncratic productivity and demand shocks have distinct...

Persistent link: https://www.econbiz.de/10011896893

A reevaluation of the role of family in immigrants' labor market activity : evidence from a comparison of single and married immigrants

Cohen-Goldner, Sarit; Gotlibovski, Chemi; Kahana, Nava - 2009

Previous papers tested the validity of the Family Investment Hypothesis (FIH) among immigrants by comparing the labor … credit constraints are binding, then only married immigrants can cross-finance their investment within the family. In order … to a rejection of the FIH in both countries. -- Family investment model ; labor supply …

Persistent link: https://www.econbiz.de/10003847131

Firm heterogeneity in capital, labor ratios and wage inequality

Leonardi, Marco (contributor) - 2003 - [Elektronische Ressource]

Persistent link: https://www.econbiz.de/10001808404

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