ERN: Econometric Modeling in Microeconomics (Topic)最新文献_第6页

House Price Volatility and the Housing Ladder 房价波动和住房阶梯

ERN: Econometric Modeling in Microeconomics (Topic) Pub Date : 2010-09-13 DOI: 10.2139/ssrn.1680657

J. Banks, R. Blundell, Zoé Oldfield, James P. Smith

引用次数: 47

International Knowledge Diffusion and Home-Bias Effect: Do USPTO and EPO Patent Citations Tell the Same Story? 国际知识扩散和本土偏见效应:USPTO和EPO专利引用是否相同?

ERN: Econometric Modeling in Microeconomics (Topic) Pub Date : 2010-09-01 DOI: 10.1111/j.1467-9442.2010.01614.x

E. Bacchiocchi, F. Montobbio

引用次数: 89

Inequality at Work: The Effect of Peer Salaries on Job Satisfaction 工作中的不平等:同伴工资对工作满意度的影响

ERN: Econometric Modeling in Microeconomics (Topic) Pub Date : 2010-09-01 DOI: 10.1257/AER.102.6.2981

David Card, Alexandre Mas, E. Moretti, Emmanuel Saez

{"title":"Inequality at Work: The Effect of Peer Salaries on Job Satisfaction","authors":"David Card, Alexandre Mas, E. Moretti, Emmanuel Saez","doi":"10.1257/AER.102.6.2981","DOIUrl":"https://doi.org/10.1257/AER.102.6.2981","url":null,"abstract":"Economists have long speculated that individuals care about both their absolute income and their income relative to others. We use a simple theoretical framework and a randomized manipulation of access to information on peers' wages to provide new evidence on the effects of relative pay on individual utility. A randomly chosen subset of employees of the University of California was informed about a new website listing the pay of all University employees. All employees were then surveyed about their job satisfaction and job search intentions. Our information treatment doubles the fraction of employees using the website, with the vast majority of new users accessing data on the pay of colleagues in their own department. We find an asymmetric response to the information treatment: workers with salaries below the median for their pay unit and occupation report lower pay and job satisfaction, while those earning above the median report no higher satisfaction. Likewise, below-median earners report a significant increase in the likelihood of looking for a new job, while above-median earners are unaffected. Our findings indicate that utility depends directly on relative pay comparisons, and that this relationship is non-linear.","PeriodicalId":207453,"journal":{"name":"ERN: Econometric Modeling in Microeconomics (Topic)","volume":"51 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130569404","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 916

Fatal Attraction? Access to Early Retirement and Mortality 致命的吸引力?获得提前退休和死亡

ERN: Econometric Modeling in Microeconomics (Topic) Pub Date : 2010-08-31 DOI: 10.2139/ssrn.1669912

A. Kuhn, Jean-Philippe Wuellrich, J. Zweimüller

引用次数: 91

Intra-Household Resource Allocation: Do Parents Reduce or Reinforce Child Cognitive Ability Gaps? 家庭内部资源分配:父母减少还是强化了儿童认知能力差距?

ERN: Econometric Modeling in Microeconomics (Topic) Pub Date : 2010-08-30 DOI: 10.2139/ssrn.1667777

P. Frijters, D. Johnston, M. Shah, M. Shields

引用次数: 5

Institutional Shareholder Activism and Limited Investor Attention 机构股东行动主义与有限投资者关注

ERN: Econometric Modeling in Microeconomics (Topic) Pub Date : 2010-08-30 DOI: 10.2139/ssrn.1671868

P. Budsaratragoon, Suntharee Lhaopadchan, D. Hillier

引用次数: 2

Racial Inequality in the 21st Century: The Declining Significance of Discrimination 21世纪的种族不平等:歧视的重要性正在下降

ERN: Econometric Modeling in Microeconomics (Topic) Pub Date : 2010-08-01 DOI: 10.1016/S0169-7218(11)02408-7

Roland G. Fryer

引用次数: 171

Households’ Portfolio Structure in Germany - Analysis of Financial Accounts Data 1959-2009 德国家庭投资组合结构——1959-2009年金融账户数据分析

ERN: Econometric Modeling in Microeconomics (Topic) Pub Date : 2010-07-21 DOI: 10.2139/ssrn.1646344

Fred Ramb, Michael Scharnagl

引用次数: 11

Human Judgement is Heavy Tailed: Empirical Evidence and Implications for the Aggregation of Estimates and Forecasts 人的判断是重尾的:估计和预测汇总的经验证据和启示

ERN: Econometric Modeling in Microeconomics (Topic) Pub Date : 2010-07-12 DOI: 10.2139/ssrn.1638811

Miguel Sousa Lobo, Dai Yao

{"title":"Human Judgement is Heavy Tailed: Empirical Evidence and Implications for the Aggregation of Estimates and Forecasts","authors":"Miguel Sousa Lobo, Dai Yao","doi":"10.2139/ssrn.1638811","DOIUrl":"https://doi.org/10.2139/ssrn.1638811","url":null,"abstract":"How frequent are large disagreements in human judgment? The substantial literature relating to expert assessments of real-valued quantities and their aggregation almost universally assumes that errors follow a jointly normal distribution. We investigate this question empirically using 17 datasets that include over 20,000 estimates and forecasts. We findnd incontrovertible evidence for excess kurtosis, that is, of fat tails. Despite the diversity of the analyzed datasets as regards to the degree of uncertainty about the quantity being assessed and to the level of expertise and sophistication of those making the assessments, we find consistency in the frequency with which an expert is in large disagreement with the consensus. Fitting a generalized normal distribution to the data, we find values for the shape parameter ranging from 1 to 1.6 (where 1 is the double-exponential distribution, and 2 the normal distribution). This has important implications, in particular for the aggregation of expert estimates and forecasts. We describe optimal Bayesian aggregation with heavy tails, and propose a simple average-median average heuristic that performs well for the range of empirically observed distributions.","PeriodicalId":207453,"journal":{"name":"ERN: Econometric Modeling in Microeconomics (Topic)","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127283049","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 17

Are Consumers Affected by Durable Goods Makers&Apos; Financial Distress? The Case of Auto Manufacturers 消费者是否受到耐用品制造商的影响?金融危机?汽车制造商的案例

ERN: Econometric Modeling in Microeconomics (Topic) Pub Date : 2010-07-01 DOI: 10.3386/W16197

Ali Hortaçsu, Gregor Matvos, C. Syverson, S. Venkataraman

{"title":"Are Consumers Affected by Durable Goods Makers&Apos; Financial Distress? The Case of Auto Manufacturers","authors":"Ali Hortaçsu, Gregor Matvos, C. Syverson, S. Venkataraman","doi":"10.3386/W16197","DOIUrl":"https://doi.org/10.3386/W16197","url":null,"abstract":"The financial decisions of durable goods makers can impose spillovers on their consumers. Namely, durable goods provide a consumption stream that frequently depends on services provided by the manufacturer (e.g., warranties, parts, and maintenance). Manufacturer bankruptcy, or even the possibility thereof, threatens this service provision and can substantially reduce the value of its products to their current owners. We test this hypothesis in one of the largest durable goods markets, automobiles, using data on millions of used cars sold at wholesale auctions around the U.S. during 2006-8. We find that an increase in an auto manufacturer's financial distress results in a contemporaneous drop in the prices of its cars at auction, controlling for a host of other influences on price. The estimated effects are statistically and economically significant. Furthermore, cars with longer expected service lives (those within manufacturer warranty, having lower mileage, or in better condition) see larger price declines than those with shorter remaining lives. These patterns do not seem to be driven solely by reduced demand from auto dealers affiliated with the troubled manufacturers or by contemporaneous declines in new car prices. Our estimates imply a potentially large indirect cost of financial distress on car manufacturers.","PeriodicalId":207453,"journal":{"name":"ERN: Econometric Modeling in Microeconomics (Topic)","volume":"37 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2010-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131449614","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 21