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The canonical difference-in-differences (DD) model contains two time periods, “pre” and “post”, and two groups … effects change over time. I propose a new balance test derived from a unified definition of common trends. I show how to … time fixed effects, control for unit-specific time trends, or exploit a third difference …
Persistent link: https://www.econbiz.de/10012911458
induce delayed claiming was about $60,400, while when part-time work was required, the average was $66,700. This implies a …
Persistent link: https://www.econbiz.de/10012977278
Participation (SIPP). We then exploit variation in laws governing divorce across states and over time to quasi … divorce significantly increases the probability of full-time employment later in life, and significantly decreases retirement … does not impact full-time employment after age 50 but is positively associated with investment in education post marriage …
Persistent link: https://www.econbiz.de/10012981100
The 2015 Paris Accord is meant to control our planet's rising temperature. But it may be doing the opposite in gradually, rather than immediately reducing CO2 emissions. The Accord effectively tells dirty-energy producers to "use it or lose it." This may be accelerating their extraction and...
Persistent link: https://www.econbiz.de/10012981109
We develop a model to study optimal decision making in the face of uncertainty about the timing and structure of a future event. The model is used to study optimal decision making and welfare when individuals face uncertainty about when and how Social Security will be reformed. When individuals...
Persistent link: https://www.econbiz.de/10013014666
of 52 countries during the globalization period 1988-2006 strongly supports the model. Results solve several time …
Persistent link: https://www.econbiz.de/10012955434
winners from the first study cohort were slightly less likely to graduate on time than control applicants, suggesting that …
Persistent link: https://www.econbiz.de/10012965441
dynamic trading model, in which traders receive private information of asset value over time and trade strategically with … characterized explicitly in closed form. Infrequent trading (few double auctions per unit of time) leads to a larger market depth in …
Persistent link: https://www.econbiz.de/10013045292
average returns. This rules out typical risk-based explanations and is a challenge to structural models of time …
Persistent link: https://www.econbiz.de/10012993228
balance observables within firm, over time by developing weights through a machine learning algorithm. We find that spending …
Persistent link: https://www.econbiz.de/10013025814