CAS: Economics: Scholarly Papers
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URI: http://hdl.handle.net/2144/1244
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Effort and wages: evidence from the payroll tax
(Wiley, 2020-02-17)I show that under a canonical efficiency wage model, a per capita employment tax levied on the employer raises the wage. In contrast, under market-clearing, wages fall regardless of whether effort is contractible. I examine ... -
Multivariate rational inattention
(2018-12-01)We study optimal control problems in the multivariate linear-quadratic-Gaussian framework under rational inattention and show that the multivariate attention allocation problem can be reduced to a dynamic tracking problem ... -
Dynamic contracting with limited liability constraints
(2018-09-04)We study a dynamic mechanism design problem in which a buyer seeks to procure an item from a single seller in multiple periods. The seller is privately informed about her procurement cost at each period, and this cost may ... -
The institutional foundations of religious politics: evidence from Indonesia
(2019-07-01)Why do religious politics thrive in some societies but not others? This paper explores the institutional foundations of this process in Indonesia, the world’s largest Muslim country. We show that an important Islamic ... -
Decomposing changes in the distribution of real hourly wages in the U.S.
(Institute for Fiscal Studies, 2019-11-18)We analyze the sources of changes in the distribution of hourly wages in the United States using CPS data for the survey years 1976 to 2016. We account for the selection bias from the employment decision by modeling the ... -
A conversation with Albert Ma
(World Scientific, 2020-05-05)Can you describe your field briefly? I am an applied microeconomist, and my research is on health economics and industrial organisation. My main interest is in the health market, and my favourite way to describe my work ... -
How do foreclosures exacerbate housing downturns?
(Oxford University Press (OUP), 2020-05)This article uses a structural model to show that foreclosures played a crucial role in exacerbating the recent housing bust and to analyse foreclosure mitigation policy. We consider a dynamic search model in which ... -
Generalized Laplace inference in multiple change-points models
(2020)Under the classical long-span asymptotic framework we develop a class of Generalized Laplace (GL) inference methods for the change-point dates in a linear time series regression model with multiple structural changes ... -
Three-generation mobility in the United States, 1850-1940: the role of maternal and paternal grandparents
(Academic Press Inc Elsevier BV, 2018-10-01)This paper estimates intergenerational elasticities across three generations in the United States in the late 19th and early 20th centuries, exploring how maternal and paternal grandfathers predict the economic status of ... -
Learning and payoff externalities in an investment game
(Elsevier BV, 2020-01)This paper examines the interplay of informational and payoff externalities in a two-player irreversible investment game. Each player learns about the quality of his project by observing a private signal and the action of ...
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