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The development and spread of financial innovations

Hull, Isaiah - In: Quantitative economics : QE ; journal of the … 7 (2016) 2, pp. 613-636

Persistent link: https://www.econbiz.de/10011612123

The development and spread of financial innovations

Hull, Isaiah - In: Quantitative economics : QE ; journal of the … 7 (2016) 2, pp. 613-636

I study financial product innovation in a model with two classes of agents: “sophisticated” and “unsophisticated … competitors who have already adopted them. The model yields two equilibria: in one, the innovation persists; in the other, it … innovation literature. Additionally, two applications demonstrate how to estimate the contagion parameter with a short time …

Persistent link: https://www.econbiz.de/10011800681

New evidence, old puzzles : technology shocks and labor market dynamics

Balleer, Almut - In: Quantitative economics : QE ; journal of the … 3 (2012) 3, pp. 363-392

Can the standard search-and-matching labor market model replicate the business cycle fluctuations of the job finding rate and the unemployment rate? In the odel, these fluctuations are driven by movements in productivity. This paper inestigates the sources of productivity fluctuations that are...

Persistent link: https://www.econbiz.de/10011756844

The price of polarization : estimating task prices under routine‐biased technical change

Böhm, Michael - In: Quantitative economics : QE ; journal of the … 11 (2020) 2, pp. 761-799

This paper proposes a new approach to estimate task prices per efficiency unit of skill in the Roy model. I show how the sorting of workers into tasks and their associated wage growth can be used to identify changes in task prices under relatively weak assumptions. The estimation exploits the...

Persistent link: https://www.econbiz.de/10012214068

New evidence, old puzzles: technology shocks and labor market dynamics

Balleer, Almut - In: Quantitative economics : QE ; journal of the … 3 (2012) 3, pp. 363-392

Persistent link: https://www.econbiz.de/10009706533

A tractable framework for analyzing a class of nonstationary Markov models

Maliar, Lilia; Maliar, Serguei; Taylor, John B.; … - In: Quantitative economics : QE ; journal of the … 11 (2020) 4, pp. 1289-1323

We consider a class of infinite‐horizon dynamic Markov economic models in which the parameters of utility function, production function, and transition equations change over time. In such models, the optimal value and decision functions are time‐inhomogeneous: they depend not only on state...

Persistent link: https://www.econbiz.de/10012316588

Rising skill premium and the dynamics of optimal capital and labor taxation

Tsai, Yi-Chan; Yang, C. C.; Yu, Hsin-Jung - In: Quantitative economics : QE ; journal of the … 13 (2022) 3, pp. 1061-1099

With capital‐skill complementarity, the secular decline in the price of capital equipment due to equipment‐specific technological progress (ESTP) keeps pushing up the demand for skilled relative to unskilled labor and raising the skill premium. This paper quantitatively characterizes the...

Persistent link: https://www.econbiz.de/10013382065

The demographic consequences of sex-selection technology

Li, Qi; Pantano, Juan - In: Quantitative economics : QE ; journal of the … 14 (2023) 1, pp. 309-347

Over the last several years, highly accurate methods of sex selection before conception have been developed. Given that strong preferences for sex variety in off- spring have been documented for the U.S., we ask what the demographic conse- quences of sex-selection technology could be. Lacking...

Persistent link: https://www.econbiz.de/10014308551

Testing unified growth theory : technological progress and the child quantity-quality tradeoff

Madsen, Jakob Brøchner; Strulik, Holger - In: Quantitative economics : QE ; journal of the … 14 (2023) 1, pp. 235-275

A core mechanism of unified growth theory is that accelerating technological progress induces mass education and, through interaction with child quantity‐quality substitution, a decline in fertility. Using unique new data for 21 OECD countries over the period 1750-2000, we test, for the first...

Persistent link: https://www.econbiz.de/10014308541

Why medical innovation is valuable : health, human capital, and the labor market

Papageorge, Nicholas W. - In: Quantitative economics : QE ; journal of the … 7 (2016) 3, pp. 671-725

Persistent link: https://www.econbiz.de/10011793490