发布求助
文献互助 智能选刊 最新文献

Economica最新文献

筛选
英文 中文
Beyond cultural norms: how does historical rice farming affect modern firms' family control? 超越文化规范：历史上的水稻种植如何影响现代企业的家族控制？
IF 1.4 3区 经济学
Economica Pub Date : 2024-03-10 DOI: 10.1111/ecca.12519
Chenchen Fan, Mingming Jiang, Bo Zhang
{"title":"Beyond cultural norms: how does historical rice farming affect modern firms' family control?","authors":"Chenchen Fan,&nbsp;Mingming Jiang,&nbsp;Bo Zhang","doi":"10.1111/ecca.12519","DOIUrl":"10.1111/ecca.12519","url":null,"abstract":"<p>The private sector contributes the majority of China's GDP, with family firms responsible for most of the contribution. Prior studies find that firms' family control is influenced by certain cultural norms, such as family ties. This study explores the underlying historical and agricultural roots of these cultural norms that influence modern businesses. Combining a set of high-quality, nationally representative Chinese firm and household surveys with prefectural data, we first show the positive impact of rice farming on family control of local firms. We establish robust causal inferences by exploring the impact of historical agricultural legacies and discussing alternative measures, spatial autocorrelations, omitted variables, instrumental variables and self-selection. More importantly, our results demonstrate that the rice cultivation practice enhances the local people's preferences for strong family ties. Instead of claiming a direct role of these cultural traits as in the existing literature, we recast them as cultural mediators and persistent channels through which historical rice farming can shape contemporary corporate structure.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 363","pages":"770-808"},"PeriodicalIF":1.4,"publicationDate":"2024-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140255438","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Unequal ground: oil booms and income inequality in the USA 不平等的土地：美国的石油繁荣与收入不平等
IF 1.4 3区 经济学
Economica Pub Date : 2024-03-08 DOI: 10.1111/ecca.12517
Loujaina Abdelwahed, Cole Campbell
{"title":"Unequal ground: oil booms and income inequality in the USA","authors":"Loujaina Abdelwahed,&nbsp;Cole Campbell","doi":"10.1111/ecca.12517","DOIUrl":"10.1111/ecca.12517","url":null,"abstract":"<p>This paper examines the impact of oil price and quantity shocks on income <i>inequality</i> in the USA. Using micro income data, we construct measures of pre-tax money income inequality at the state level for the period 1980–2017. We find that a $10 increase in oil price increases inequality, measured by the ratio of pre-tax income of the 90th percentile to 10th percentile (p90/p10), by 3.8 percentage points in states with high levels of oil endowments per capita. The increase in capital income to households at the top of the distribution drives the observed change in inequality. In addition to price shocks, we study the impact of quantity shocks that arise from oil discoveries. Quantity shocks have no effect on the overall income distribution.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 363","pages":"880-910"},"PeriodicalIF":1.4,"publicationDate":"2024-03-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140073813","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Measuring maternal autonomy and its effect on child nutrition in rural India 衡量印度农村地区产妇自主权及其对儿童营养的影响
IF 1.4 3区 经济学
Economica Pub Date : 2024-03-06 DOI: 10.1111/ecca.12518
Wiji Arulampalam, Anjor Bhaskar, Nisha Srivastava
{"title":"Measuring maternal autonomy and its effect on child nutrition in rural India","authors":"Wiji Arulampalam,&nbsp;Anjor Bhaskar,&nbsp;Nisha Srivastava","doi":"10.1111/ecca.12518","DOIUrl":"10.1111/ecca.12518","url":null,"abstract":"<p>This paper examines the link between a mother's autonomy—the freedom and ability to think, express, make decisions and act independently—and the nutritional status of her children. We treat ‘autonomy’ as a latent variable, and design a novel statistical framework to measure this. This method allows us to separate the direct associations of maternal and family characteristics in our model for nutrition, from their indirect associations that work through maternal autonomy. Using data from India, we explore the sensitivity of our estimates to endogeneity caused by sample selection in the presence of son preference. We find: (i) a one standard deviation (SD) higher autonomy score is associated with a 0.16 SD higher height-for-age z-score (HAZ score); and (ii) a 10% lower prevalence of stunting (HAZ &lt; −2 SD). The latter is equivalent to the prevention of approximately 300,000 children stunting, indicating the important role of maternal autonomy.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 363","pages":"719-739"},"PeriodicalIF":1.4,"publicationDate":"2024-03-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.12518","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140073668","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Do wages underestimate the inequality in workers' rewards? The joint distribution of job quality and wages across occupations 工资是否低估了工人报酬的不平等？工作质量和工资在不同职业中的共同分布
IF 1.4 3区 经济学
Economica Pub Date : 2024-02-28 DOI: 10.1111/ecca.12516
Andrew E. Clark, Maria Cotofan, Richard Layard
{"title":"Do wages underestimate the inequality in workers' rewards? The joint distribution of job quality and wages across occupations","authors":"Andrew E. Clark,&nbsp;Maria Cotofan,&nbsp;Richard Layard","doi":"10.1111/ecca.12516","DOIUrl":"10.1111/ecca.12516","url":null,"abstract":"<p>Information on both wages and job quality is needed in order to understand the occupational dispersion of wellbeing. We analyse subjective wellbeing in a large UK sample to construct a measure of ‘overall reward’, the sum of wages and the value of job quality, in 90 different occupations. If only wages are included, then labour market inequality is underestimated: the dispersion of overall rewards is one-third larger than the dispersion of wages. Our findings are similar, and stronger, in data on US workers. We find a positive correlation between job quality and wages in all specifications, both between individuals in the cross-section and within individuals in panel data. The gender and ethnic gaps in the labour market are larger than those in wages alone, and the overall rewards to education on the labour market are underestimated by earnings differentials alone.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 362","pages":"497-546"},"PeriodicalIF":1.4,"publicationDate":"2024-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.12516","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140025101","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Market power and monetary policy transmission 市场力量与货币政策传导
IF 1.4 3区 经济学
Economica Pub Date : 2024-02-23 DOI: 10.1111/ecca.12512
Romain Duval, Davide Furceri, Raphaël Lee, Marina M. Tavares
{"title":"Market power and monetary policy transmission","authors":"Romain Duval,&nbsp;Davide Furceri,&nbsp;Raphaël Lee,&nbsp;Marina M. Tavares","doi":"10.1111/ecca.12512","DOIUrl":"10.1111/ecca.12512","url":null,"abstract":"<p>We show that firms' market power dampens the response of their output to monetary policy shocks, using firm-level data for the USA and a large cross-country firm-level dataset for 14 advanced economies. We also find some evidence that the role of markups in monetary policy transmission, while independent from other channels, is greater for firms whose characteristics—notably size and age—are likely to be associated with greater financial constraints.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 362","pages":"669-700"},"PeriodicalIF":1.4,"publicationDate":"2024-02-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139950500","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Economic insecurity and the demand for populism in Europe 欧洲的经济不安全和对民粹主义的需求
IF 1.4 3区 经济学
Economica Pub Date : 2024-02-13 DOI: 10.1111/ecca.12513
L. Guiso, H. Herrera, M. Morelli, T. Sonno
{"title":"Economic insecurity and the demand for populism in Europe","authors":"L. Guiso,&nbsp;H. Herrera,&nbsp;M. Morelli,&nbsp;T. Sonno","doi":"10.1111/ecca.12513","DOIUrl":"10.1111/ecca.12513","url":null,"abstract":"<p>We document the spiral of populism in Europe and the direct and indirect role of economic insecurity shocks. Using survey data on individual voting, we make two contributions to the literature. (i) Economic insecurity shocks have a significant impact on the populist vote share, directly as demand for protection, and indirectly through the induced changes in trust and attitudes. (ii) A key consequence of increased economic insecurity is a drop in turnout. The impact of this largely neglected turnout effect is substantial: conditional on voting, when economic insecurity increases, almost 40% of the induced change in the vote for a populist party comes from the turnout channel.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 362","pages":"588-620"},"PeriodicalIF":1.4,"publicationDate":"2024-02-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.12513","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139767465","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The wage curve after the Great Recession 大衰退后的工资曲线
IF 1.4 3区 经济学
Economica Pub Date : 2024-02-12 DOI: 10.1111/ecca.12515
David Blanchflower, Alex Bryson, Jackson Spurling
{"title":"The wage curve after the Great Recession","authors":"David Blanchflower,&nbsp;Alex Bryson,&nbsp;Jackson Spurling","doi":"10.1111/ecca.12515","DOIUrl":"10.1111/ecca.12515","url":null,"abstract":"<p>Most economists maintain that the labour market in the USA (and elsewhere) is ‘tight’ because unemployment rates are low, and the Beveridge curve (the vacancies-to-unemployment ratio) is high. They infer from this that there is potential for wage-push inflation. However, real wages fell rapidly in 2022, and prior to that, real wages had been stagnant for some time. We show that unemployment is <i>not</i> key to understanding wage formation in the USA, and has not been since the Great Recession. Instead, we show that rates of underemployment (the percentage of workers with part-time hours who would prefer more hours) and the rate of inactivity (the percentage of the civilian adult population who are out of the labour force) reduce wage pressure in the USA. This finding holds in panel data with state and year fixed effects in both annual and quarterly data for the period 1980–2022, and is supportive of a wage curve that fits the data much better than a Phillips curve. The unemployment rate no longer enters significantly negative in wage equations, however specified, in the years since 2008.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 362","pages":"653-668"},"PeriodicalIF":1.4,"publicationDate":"2024-02-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.12515","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139767506","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
On the inefficiency of non-competes in low-wage labour markets 论低工资劳动力市场中竞业禁止的低效率
IF 1.4 3区 经济学
Economica Pub Date : 2024-02-07 DOI: 10.1111/ecca.12514
Tristan Potter, Bart Hobijn, André Kurmann
{"title":"On the inefficiency of non-competes in low-wage labour markets","authors":"Tristan Potter,&nbsp;Bart Hobijn,&nbsp;André Kurmann","doi":"10.1111/ecca.12514","DOIUrl":"10.1111/ecca.12514","url":null,"abstract":"<p>We study the efficiency of non-compete agreements (NCAs) in an equilibrium model of labour turnover. The model is consistent with empirical studies showing that NCAs reduce turnover and average wages for low-wage workers. The model also predicts that, by reducing turnover, NCAs raise recruitment and employment. We show that optimal NCA policy: (i) is characterized by a Hosios-like condition that balances the benefits of higher employment against the costs of inefficient congestion and poaching; (ii) depends critically on the minimum wage; and (iii) alone cannot always achieve the constrained-efficient allocation—a result that also holds for optimal minimum wage policy—yet with both policies, efficiency is always attainable. To guide policymakers, we derive a sufficient statistic in the form of an easily computed employment threshold above which NCAs are necessarily inefficiently restrictive, and show that employment levels in current low-wage US labour markets typically exceed this threshold. Finally, we calibrate the model and show that Oregon's 2008 NCA ban for low-wage workers increased welfare modestly (by roughly 0.1%), and that if policymakers had also raised the minimum wage to its optimal level conditional on the enacted NCA ban (a 30% increase), then welfare would have increased more substantially—by over 1%.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 362","pages":"446-496"},"PeriodicalIF":1.4,"publicationDate":"2024-02-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139767466","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Exchange rates and political uncertainty: the Brexit case 汇率与政治不确定性：英国脱欧案例
IF 1.4 3区 经济学
Economica Pub Date : 2024-01-15 DOI: 10.1111/ecca.12509
Paolo Manasse, Graziano Moramarco, Giulio Trigilia
{"title":"Exchange rates and political uncertainty: the Brexit case","authors":"Paolo Manasse,&nbsp;Graziano Moramarco,&nbsp;Giulio Trigilia","doi":"10.1111/ecca.12509","DOIUrl":"10.1111/ecca.12509","url":null,"abstract":"<p>This paper studies the impact of political risk on exchange rates. We focus on the Brexit Referendum as it provides a natural experiment where both exchange rate expectations and a time-varying political risk factor can be measured directly. We build a portfolio model that relates changes in the Leave probability to changes of the British pound's market price, both via expectations and via a political risk factor. We estimate the model for multilateral and bilateral British pound exchange rates. We find that the Leave probability predicts a depreciation of the pound, consistent with the outcome post-referendum, and that the time-varying political risk affects exchange rates independently.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 362","pages":"621-652"},"PeriodicalIF":1.4,"publicationDate":"2024-01-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.12509","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139470119","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The welfare effects of time reallocation: evidence from Daylight Saving Time 时间重新分配的福利效应：来自夏令时的证据
IF 1.4 3区 经济学
Economica Pub Date : 2024-01-10 DOI: 10.1111/ecca.12510
Joan Costa-Font, Sarah Fleche, Ricardo Pagan
{"title":"The welfare effects of time reallocation: evidence from Daylight Saving Time","authors":"Joan Costa-Font,&nbsp;Sarah Fleche,&nbsp;Ricardo Pagan","doi":"10.1111/ecca.12510","DOIUrl":"10.1111/ecca.12510","url":null,"abstract":"<p>Daylight Saving Time (DST) is a widely adopted practice implemented by over 70 countries to align sunlight with day-to-day activities and reduce energy demands. However, we do not have a clear knowledge of how it affects individuals' welfare. Using a regression discontinuity combined with a difference-in-differences design, we find that the Spring DST transition causes a significant decline in life satisfaction. By inducing a reallocation of time, the transition into DST deteriorates sleep quality and increases time stress, which in turn affects physical and emotional health. Using an event study approach, we find that such effects persist for about six days after the DST transition. Conversely, we provide evidence that the Autumn DST transition gives rise to a significant increase in life satisfaction. Finally, using a simple cost-benefit analysis, we discuss the potential benefits of ending DST.</p>","PeriodicalId":48040,"journal":{"name":"Economica","volume":"91 362","pages":"547-568"},"PeriodicalIF":1.4,"publicationDate":"2024-01-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecca.12510","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139421982","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":3,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
首页 上一页 下一页 尾页
0
×
引用
GB/T 7714-2015
复制
MLA
复制
APA
复制
导出至
BibTeX EndNote RefMan NoteFirst NoteExpress
×
提示
您的信息不完整，为了账户安全，请先补充。
现在去补充
×
提示
您因"违规操作"
具体请查看互助需知
我知道了
×
提示
现在去查看 取消
×
提示
确定
请完成安全验证×
相关产品
×
本文献相关产品
联系我们：info@booksci.cn Book学术提供免费学术资源搜索服务，方便国内外学者检索中英文文献。致力于提供最便捷和优质的服务体验。 Copyright © 2023 布克学术 All rights reserved.
京ICP备2023020795号-1
ghs 京公网安备 11010802042870号
Book学术文献互助
Book学术文献互助群
群 号：481959085
Book学术官方微信