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Humlum, Anders; Vestergaard, Emilie - 2024

We study the adoption of ChatGPT, the icon of Generative AI, using a large-scale survey experiment linked to comprehensive register data in Denmark. Surveying 100,000 workers from 11 exposed occupations, we document ChatGPT is pervasive: half of workers have used it, with younger, less...

Persistent link: https://www.econbiz.de/10014529975

Labor market power, self-employment, and development

Amodio, Francesco; Medina, Pamela; Morlacco, Monica - 2022

This paper shows that self-employment opportunities shape the market power of employers in low-income countries, with implications for industrial development. Using data from Peru, we document substantial employer concentration and high self-employment rates across manufacturing local labor...

Persistent link: https://www.econbiz.de/10013343285

An optimal allocation of asylum seekers

Stark, Oded; Kosiorowski, Grzegorz - 2024

We formulate a rule for allocating asylum seekers that is based on the social preferences of the native workers of the receiving countries. To derive the rule, we construct for each country a social welfare function, SWF, where the social welfare of a population is determined both by the...

Persistent link: https://www.econbiz.de/10014502780

Beliefs that entertain

Gandhi, Ashvin; Giuliano, Paola; Guan, Eric; Keefer, … - 2024

surprise, and flow theory from psychology. We then leverage our estimated model and an evolutionary algorithm to find the …

Persistent link: https://www.econbiz.de/10014502890

The meritocratic illusion : inequality and the cognitive basis of redistribution

Blouin, Arthur; Mani, Anandi; Mukand, Sharun W.; Sgroi, … - 2024

Can inequality in rewards result in an erosion in broad-based support for meritocratic norms? We hypothesize that unequal rewards between the successful and the rest, drives a cognitive gap in their meritocratic beliefs, and hence their social preferences for redistribution. Two separate...

Persistent link: https://www.econbiz.de/10014637340

Adaptive maximization of social welfare

Cesa-Bianchi, Nicolò; Colomboni, Roberto; Kasy, Maximilian - 2024

We consider the problem of repeatedly choosing policies to maximize social welfare. Welfare is a weighted sum of private utility and public revenue. Earlier outcomes inform later policies. Utility is not observed, but indirectly inferred. Response functions are learned through experimentation....

Persistent link: https://www.econbiz.de/10014637490

Specific egalitarianism? : inequality aversion across domains

Costa-Font, Joan; Cowell, Frank A. - 2024

An individual's inequality aversion (IA) is a central preference parameter that captures the welfare sacrifice from exposure to inequality. However, it is far from trivial how to best elicit IA estimates. Also, little is known about the behavioural determinants of IA and how they differ across...

Persistent link: https://www.econbiz.de/10014637492

Why use ROSCAs when you can use banks? : theory and evidence from Ethiopia

Kedir, Abbi Mamo; Disney, Richard; Dasgupta, Indraneel - 2011

Much of the existing literature on the use of informal credit arrangements such as ROSCAs (Rotating and Credit Saving Associations) theorises the use of such institutions as arising from market failures in the development of formal saving and credit mechanisms. As economic development proceeds,...

Persistent link: https://www.econbiz.de/10009308836

Trust in public institutions over the business cycle

Stevenson, Betsey; Wolfers, Justin - 2011

We document that trust in public institutions "and particularly trust in banks, business and government" has declined over recent years. U.S. time series evidence suggests that this partly reflects the pro-cyclical nature of trust in institutions. Cross-country comparisons reveal a clear legacy...

Persistent link: https://www.econbiz.de/10009233928

How successful are banking sector reforms in emerging market economies? : evidence from impact of monetary policy on levels and structures of firm debt in India

Bhaumik, Sumon Kumar; Kutan, Ali Mustafa; Majumdar, Sudipa - 2016

that well-functioning credit markets would reflect a bank channel for monetary policy at work, we test whether a change in … and the associated change in interest rate does not affect change in bank credit, change in total debt and the proportion … of bank credit in total debt for any of the firms. We discuss the policy implications of the findings. …

Persistent link: https://www.econbiz.de/10011493763