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We investigate whether the macroeconomic effects of government spending shocks vary with the level of uncertainty. Using postwar US data and a Self-Exciting Interacted VAR (SEIVAR) model, we find that fiscal spending has positive output effects in tranquil times but is contractionary during...
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We analyze the impact of overconfidence on gender differences in wage expectations using elicited beliefs of German … counterparts. Oaxaca-Blinder decompositions show that a substantial part (7.6%) of the gender gap in wage expectations can be … overconfidence on the gender gap is particularly strong at the bottom and top of the wage expectation distribution, suggesting that …
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considerably larger shares of the gender wage gap than does the standard decomposition. …
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