We develop an equilibrium model of the labor market to investigate the joint evolution of gender gaps in labor force participation and wages. We do this overall and by task-based occupation and skill, which allows us to study distributional effects. We structurally estimate the model using data...

Purpose: Online hotel ratings, a form of electronic word of mouth (eWOM), are becoming increasingly important to tourism and hospitality management. Using sentiment analysis based on the big data technique, this paper aims to investigate the relationship between customer sentiment and online...

A planner has Atkinson-CES preference aggregation over individual outcomes and allocates W units of discrete or bounded-continuous resources among N candidate recipients. Conditional on observables, outcomes without allocations and the marginal effects of allocations are heterogeneous across...

I develop and estimate a dynamic equilibrium model of risky entrepreneurs' borrowing and savings decisions incorporating both formal and local-informal credit markets. Households have access to an exogenous formal credit market and to an informal credit market in which the interest rate is...

Congress spent $250B sending stimulus checks to individuals. Could the same stimulus have been achieved for less, assuming the government's information is restricted to 2019 tax returns? Using a life-cycle consumption-saving model with heterogeneous consumers, we calculate the consumption...

Recent estimates are that about 150 million children under five years of age are stunted, with significant long-run negative consequences on their schooling, cognitive skills, health and economic productivity. Understanding what determines such growth retardation, therefore, is very important....

Global trends of fertility decline, population aging, and rural outmigration are creating pressures to consolidate school systems, with the rationale that economies of scale will enable higher quality education to be delivered in an efficient manner, despite longer travel distances for students....

We consider a decision maker who follows a status quo without reconsidering her implicit decision at every period. Only as a result of certain events will she ask herself whether she would like to change her choice. We ask when this mode of decision making is compatible with optimality. We state...