{"title":"THE SHAPING OF A GENDER NORM: MARRIAGE, LABOR, AND FOOT-BINDING IN HISTORICAL CHINA","authors":"Xinyu Fan, Lingwei Wu","doi":"10.1111/iere.12663","DOIUrl":"10.1111/iere.12663","url":null,"abstract":"<p>This article presents a theory that explains the rise of foot-binding in historical China, in response to a gender-asymmetric social mobility shock that dispersed men's quality distribution in the marriage market. The theory characterizes the marriage market equilibrium and women's competition strategies before and after the shock. Empirical evidence using archival data corroborates the theoretical predictions that greater men's social mobility opportunities encouraged foot-binding and that a greater cost of women's labor discouraged foot-binding. The article thus highlights that costly gender norms can be traced back to gender asymmetry in social mobility opportunities.</p>","PeriodicalId":48302,"journal":{"name":"International Economic Review","volume":"64 4","pages":"1819-1850"},"PeriodicalIF":1.5,"publicationDate":"2023-08-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48197811","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}
Jere R. Behrman, C. Simon Fan, Naijia Guo, Xiangdong Wei, Hongliang Zhang, Junsen Zhang
{"title":"TUTORING EFFICACY, HOUSEHOLD SUBSTITUTION, AND STUDENT ACHIEVEMENT: EXPERIMENTAL EVIDENCE FROM AN AFTER-SCHOOL TUTORING PROGRAM IN RURAL CHINA","authors":"Jere R. Behrman, C. Simon Fan, Naijia Guo, Xiangdong Wei, Hongliang Zhang, Junsen Zhang","doi":"10.1111/iere.12668","DOIUrl":"10.1111/iere.12668","url":null,"abstract":"<p>After-school tutoring has risen globally despite limited evidence of effectiveness. We implement a randomized after-school tutoring program in rural China where many children are left-behind by parents in care of grandparents. Compared to tutees cared for by parents, those in care of grandparents reported much smaller home-tutoring reductions but larger test-score gains. We interpret our data analysis with a model with tutoring efficacy and substitution between private and public inputs both differing by family background: Increased public tutoring generates larger test-score gains for children who experience greater tutoring efficacy and lesser substitution with household inputs, consistent with our estimates.</p>","PeriodicalId":48302,"journal":{"name":"International Economic Review","volume":"65 1","pages":"149-189"},"PeriodicalIF":1.5,"publicationDate":"2023-08-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48839913","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}
{"title":"ACCOUNTING FOR SOCIAL SECURITY CLAIMING BEHAVIOR","authors":"Svetlana Pashchenko, Ponpoje Porapakkarm","doi":"10.1111/iere.12658","DOIUrl":"10.1111/iere.12658","url":null,"abstract":"<p>We study why Social Security benefit claiming is concentrated at two ages, 62 and the full retirement age, and provide three main findings. First, we show that claiming behavior can be well explained by a parsimonious life-cycle model with fully rational agents. The two key mechanisms are (i) the strong unwillingness to hold annuities and (ii) the effects of the earnings test. Second, we show that current rules distort claiming and labor supply decisions, and eliminating these distortions results in large welfare gains. Finally, we show that claiming decisions can be used to sharpen the identification of important preference parameters.</p>","PeriodicalId":48302,"journal":{"name":"International Economic Review","volume":"65 1","pages":"505-545"},"PeriodicalIF":1.5,"publicationDate":"2023-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/iere.12658","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136243138","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}
{"title":"FOUR STYLIZED FACTS ABOUT COVID-19","authors":"Andrew G. Atkeson, Karen A. Kopecky, Tao Zha","doi":"10.1111/iere.12660","DOIUrl":"10.1111/iere.12660","url":null,"abstract":"<p>We develop a Bayesian method for estimating the dynamics of COVID-19 deaths and discover four key findings that expose the limitations of current structural epidemiological models . (i) Death growth rates declined rapidly from high levels during the initial 30 days of the epidemic worldwide. (ii) After this initial period, these rates fluctuated substantially around 0%. (iii) The cross-location standard deviation of death growth rates decreased rapidly in the first 10 days but remained high afterward. (iv) These insights apply to both effective reproduction numbers and their cross-location variability through epidemiological models. Our method is applicable to studying other epidemics.</p>","PeriodicalId":48302,"journal":{"name":"International Economic Review","volume":"65 1","pages":"3-42"},"PeriodicalIF":1.5,"publicationDate":"2023-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136215450","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}
{"title":"CONSUMPTION TAX CUTS IN A RECESSION","authors":"Francesca Parodi","doi":"10.1111/iere.12661","DOIUrl":"10.1111/iere.12661","url":null,"abstract":"<p>I study the effectiveness of temporary cuts to consumption tax rates as fiscal stimulus instruments during recessions using a structural life-cycle model with multiple consumption categories. I find tax elasticities of 0.4 for nondurable luxuries and of 10.5 for durables. I show that the tax cut on nondurables has an intratemporal substitution effect, whereas the tax cut on durables acts through an intertemporal substitution mechanism that is stronger for high-income, liquidity-unconstrained, and younger households. This mechanism is amplified in less persistent recessions and dampened in absence of recessions due to durables' partial irreversibility and precautionary saving motives.</p>","PeriodicalId":48302,"journal":{"name":"International Economic Review","volume":"65 1","pages":"117-148"},"PeriodicalIF":1.5,"publicationDate":"2023-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42211490","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}
{"title":"Government Expenditure on the Public Education System","authors":"Chao Fu, Shoya Ishimaru, John Kennan","doi":"10.1111/iere.12659","DOIUrl":"10.1111/iere.12659","url":null,"abstract":"<p>We investigate equilibrium impacts of federal policies such as free-college proposals, taking into account that human capital is cumulative and that state governments have resource constraints. In our model, a state government cares about household welfare and aggregate educational attainment. The government chooses income tax rates, per-student expenditures on K-12 and college education, college tuition, and the provision of other public goods. We estimate the model using U.S. data. Our simulations suggest that free-college policies would decrease state expenditure on education. More students would obtain college degrees. Most households would “pay” for the free-college policies through negative welfare effects.</p>","PeriodicalId":48302,"journal":{"name":"International Economic Review","volume":"65 1","pages":"43-73"},"PeriodicalIF":1.5,"publicationDate":"2023-07-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/iere.12659","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135621249","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}
{"title":"SPENDING A WINDFALL","authors":"Nuno Palma, André C. Silva","doi":"10.1111/iere.12662","DOIUrl":"10.1111/iere.12662","url":null,"abstract":"<p>We study the effect of the discovery of precious metals in America from 1500 to 1810 on international trade. Around 1500, there was a simultaneous discovery of precious metals and new trading routes. We construct a counterfactual of new routes but no precious metals. The discovery of precious metals increased the stock of precious metals more than 10-fold. We show that Euro-Asian trade at its peak increased up to 20 times compared with the counterfactual. Our simulations match the observed price dynamics. We find that precious metals were at least as important as the new routes.</p>","PeriodicalId":48302,"journal":{"name":"International Economic Review","volume":"65 1","pages":"283-313"},"PeriodicalIF":1.5,"publicationDate":"2023-07-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/iere.12662","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135877638","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}
{"title":"COSTLY INFORMATION AND SOVEREIGN RISK","authors":"Grace Weishi Gu, Zachary R. Stangebye","doi":"10.1111/iere.12653","DOIUrl":"10.1111/iere.12653","url":null,"abstract":"<p>The consequences of costly information acquisition for sovereign risk are explored in a quantitative sovereign default model. We identify information costs empirically using Bloomberg news-heat data. The calibrated model microfounds heteroskedasticity in the country risk spread as measured by a novel metric we call the Crisis Volatility Ratio (CVR). Crises are endogenously more volatile because more information is acquired and priced. Recalibrated extant models do not generate CVRs in the empirical range, but ours does. Because effective risk tolerance depends on the information set, the model also suggests that risk premia fall with information costs.</p>","PeriodicalId":48302,"journal":{"name":"International Economic Review","volume":"64 4","pages":"1397-1429"},"PeriodicalIF":1.5,"publicationDate":"2023-07-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48649735","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}
{"title":"HOUSEHOLD INVENTORY, TEMPORARY SALES, PRICE INDICES","authors":"Kozo Ueda, Kota Watanabe, Tsutomu Watanabe","doi":"10.1111/iere.12655","DOIUrl":"10.1111/iere.12655","url":null,"abstract":"<p>This study addresses the large bias in chained price indices that persists even at lower frequencies. The bias arises from intertemporal substitution caused by consumer hoarding, and is problematic for purchase-based data. In order to resolve this issue, we propose a method for calculating changes in inventories and consumption using retailer scanner data. We construct a partial equilibrium model to estimate inventories and consumption and show that the model accurately predicts the sign and size of the bias. We also demonstrate that the bias is smaller for consumption-based data and propose a particular type of price index that eliminates intertemporal substitution bias.</p>","PeriodicalId":48302,"journal":{"name":"International Economic Review","volume":"65 1","pages":"217-251"},"PeriodicalIF":1.5,"publicationDate":"2023-07-04","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47705038","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}