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AEA papers and proceedings. American Economic Association最新文献

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Market Power, Financial Constraints, and Monetary Transmission 市场力量、金融约束和货币传导
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231005
R. Duval, D. Furceri, Raphaël Lee, Marina M. Tavares
{"title":"Market Power, Financial Constraints, and Monetary Transmission","authors":"R. Duval, D. Furceri, Raphaël Lee, Marina M. Tavares","doi":"10.1257/pandp.20231005","DOIUrl":"https://doi.org/10.1257/pandp.20231005","url":null,"abstract":"There is growing evidence that corporate market power is increasing and affecting monetary policy transmission. This paper develops a partial equilibrium model that highlights the role of financial constraints in shaping the role of markups for the response of firms to monetary policy shocks. We find support for such a role using a large cross-country firm-level dataset for 14 advanced economies.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"53 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83174500","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: 1
Report of the Committee on the Status of Women in the Economics Profession 妇女在经济专业中的地位委员会的报告
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.113.815
Elizabeth Hoffman
{"title":"Report of the Committee on the Status of Women in the Economics Profession","authors":"Elizabeth Hoffman","doi":"10.1257/pandp.113.815","DOIUrl":"https://doi.org/10.1257/pandp.113.815","url":null,"abstract":"","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135703266","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: 1
Stereotypes about Successful Entrepreneurs 对成功企业家的刻板印象
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231120
Victor Lyonnet, Léa Stern
{"title":"Stereotypes about Successful Entrepreneurs","authors":"Victor Lyonnet, Léa Stern","doi":"10.1257/pandp.20231120","DOIUrl":"https://doi.org/10.1257/pandp.20231120","url":null,"abstract":"What comes to mind when thinking about a successful entrepreneur? Belief formation models suggest that what comes to mind is an oversimplified picture of the characteristics of successful entrepreneurs–that is, stereotypes about successful entrepreneurs. Using French administrative data on 48,767 new firms, we show that some characteristics are stereotypical of success and have distributions that can generate miscalibrated beliefs. To illustrate how stereotypical thinking can lead to biased assessments, we report the discrepancies between the implied fraction of successful entrepreneurs under Bayesian versus stereotypical thinking for several stereotypes. We discuss the consequences of stereotyping for venture capital allocation.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"25 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135703641","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: 1
Competition, Motivation, and Student Engagement 竞争、动机和学生参与
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231047
Amanda J. Felkey, Eva Dziadula, Eric P. Chiang
{"title":"Competition, Motivation, and Student Engagement","authors":"Amanda J. Felkey, Eva Dziadula, Eric P. Chiang","doi":"10.1257/pandp.20231047","DOIUrl":"https://doi.org/10.1257/pandp.20231047","url":null,"abstract":"We consider the gamification aspect of a technology that delivers small daily tasks to students to analyze how competition motivates engagement. We randomly assigned 400 students into teams of up to 10, who compete by committing to the daily task and then acknowledging their completion later in the day. Using data collected from the leaderboard, we test whether student engagement with respect to competition varies systematically by gender and by the level of anonymity. Not surprisingly, being ranked in the top three is highly motivating. However, among lower-ranked students, male students tend to disengage when usernames are not anonymous.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"11 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86226441","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: 3
Sectoral Shocks and the Role of Market Integration: The Case of Natural Gas 行业冲击和市场一体化的作用:以天然气为例
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231045
Silvia Albrizio, John C. Bluedorn, Christoffer Koch, Andrea Pescatori, M. Stuermer
{"title":"Sectoral Shocks and the Role of Market Integration: The Case of Natural Gas","authors":"Silvia Albrizio, John C. Bluedorn, Christoffer Koch, Andrea Pescatori, M. Stuermer","doi":"10.1257/pandp.20231045","DOIUrl":"https://doi.org/10.1257/pandp.20231045","url":null,"abstract":"We quantify how market integration affects the economic propagation of sectoral supply shocks at the example of a Russian gas shutoff to the European Union. An open-economy, multisector general equilibrium model suggests that the adverse output impact on the European Union shrinks fourfold if integration with the global liquified natural gas (LNG) market is considered. On the flip side, other LNG importers also see adverse output effects. Due to nonlinearities, the combined total economic damage is less than half with integration, compared to the counterfactual case without. Governments should foster further integration to make economies more resilient to supply shocks.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"44 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90656403","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: 1
Note from the AEA Secretary-Treasurer about the Proceedings Supplement AEA秘书-财务主管关于程序补充的说明
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.113.692
{"title":"Note from the AEA Secretary-Treasurer about the Proceedings Supplement","authors":"","doi":"10.1257/pandp.113.692","DOIUrl":"https://doi.org/10.1257/pandp.113.692","url":null,"abstract":"","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"3 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82760445","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: 0
Males Should Mail? Gender Discrimination in Access to Childcare 男性应该写信吗?儿童保育中的性别歧视
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231060
Henning Hermes, Philipp Lergetporer, Frauke H. Peter, Fabian Mierisch, Simon Wiederhold
{"title":"Males Should Mail? Gender Discrimination in Access to Childcare","authors":"Henning Hermes, Philipp Lergetporer, Frauke H. Peter, Fabian Mierisch, Simon Wiederhold","doi":"10.1257/pandp.20231060","DOIUrl":"https://doi.org/10.1257/pandp.20231060","url":null,"abstract":"This study investigates discrimination against women when searching and applying for childcare in a nationwide field experiment. We send emails from fictitious parents to 9,313 childcare centers in Germany inquiring about access to childcare. We randomize whether the email is sent by the child's mother or father. Our results show that women receive shorter and less positive responses than men. The probability of receiving a response does not differ by gender, highlighting the importance of going beyond response rates to detect discrimination. We provide suggestive evidence that regional differences in gender discrimination are related to gender norms.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"27 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83569359","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: 1
Are Business Applications Early Economic Indicators? 商业应用是早期的经济指标吗?
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231053
Jose Asturias, Emin M. Dinlersoz, J. Haltiwanger, Rebecca Hutchinson
{"title":"Are Business Applications Early Economic Indicators?","authors":"Jose Asturias, Emin M. Dinlersoz, J. Haltiwanger, Rebecca Hutchinson","doi":"10.1257/pandp.20231053","DOIUrl":"https://doi.org/10.1257/pandp.20231053","url":null,"abstract":"Are business applications early indicators of economic activity? Our analysis indicates that monthly year-over-year growth in applications for likely employer businesses significantly leads growth in total nonfarm employment and has a positive correlation with it. In addition, growth in applications for likely employers leads growth in almost all other monthly Principal Federal Economic Indicators considered. These findings are robust to the inclusion of the COVID-19 pandemic period. Business applications for likely employers appear to be a strong leading indicator of aggregate economic activity.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"35 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89916906","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: 0
(Incorrect) Perceived Returns and Strategic Behavior among Talented Low-Income College Graduates (错误的)有才华的低收入大学毕业生的感知回报和战略行为
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231059
Jorge M. Agüero, Francisco B. Galarza, G. Yamada
{"title":"(Incorrect) Perceived Returns and Strategic Behavior among Talented Low-Income College Graduates","authors":"Jorge M. Agüero, Francisco B. Galarza, G. Yamada","doi":"10.1257/pandp.20231059","DOIUrl":"https://doi.org/10.1257/pandp.20231059","url":null,"abstract":"Job applicants use resumes to send signals to potential employers. Applicants are free to select the items that go in their resumes and are expected to include signals they perceive will help them achieve their goals and avoid those that they anticipate could hurt them. We show that 92 percent of beneficiaries of a highly selective scholarship for poor and talented students avoid listing this award when applying for jobs. This is consistent with beneficiaries perceiving a negative labor market return from sending that signal. A correspondence study shows instead that listing the scholarship increases callback rates by 20 percent.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"35 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77745617","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: 0
Rising Markups, Rising Prices? 加价上涨，价格上涨?
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231098
Christopher T. Conlon, Nathan H. Miller, Tsolmon Otgon, Yi Yao
{"title":"Rising Markups, Rising Prices?","authors":"Christopher T. Conlon, Nathan H. Miller, Tsolmon Otgon, Yi Yao","doi":"10.1257/pandp.20231098","DOIUrl":"https://doi.org/10.1257/pandp.20231098","url":null,"abstract":"The rise in markups and market power documented by De Loecker, Eeckhout, and Unger (2020) has recently generated much discussion in economics. We measure the correlation between the change in firm level markups and the change in industry level prices as measured by the Producer Price Index and find little to no relationship both for 1980-2018 and 2018-present. While a “false negative” result due to mismeasurement is possible, it also raises the possibility that firms have not passed along declines in marginal costs to consumers or that there have been significant changes in scale elasticities.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"22 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73012228","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: 2
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