工作论文 PAPERS
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On the Foundations of Competitive Search Equilibrium with and without Market ...
The literature offers two foundations for competitive search equilibrium, a N...
James Albrecht, Xiaoming Cai, Pieter Gautier, Susan Vroman
Working Paper | No.20210905 |
Keywords: Multiple application, competitive search, market makers, efficiency
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Human Capital Investment and Development: The Role of On-the-Job Training
Workers in richer countries experience faster rates of wage growth over their...
Xiao Ma, Alejandro Nakab, Daniela Vidart
Working Paper | No.20210904 |
Keywords: On-the-Job Training, human capital accumulation, lifecycle wage growth
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Learning by Exporting and Wage Profiles: New Evidence from Brazil
Export activity shapes workers’ experience-wage profiles Using detailed...
Xiao Ma, Marc-Andreas Muendler, Alejandro Nakab
Working Paper | No.20210903 |
Keywords: Export activity, wage profiles, human capital accumulation
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Learning about the Consumption Risk Exposure of Firms
We structurally estimate an investment-based asset pricing model, where firms...
Yongjin Kim, Lars-Alexander Kuehn, Kai Li
Working Paper | No.20210902 |
Keywords: Parameter uncertainty, Bayesian learning, systematic consumption risk, investment-based asset p
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Delayed Crises and Slow Recoveries
We present a rational expectations model of credit-driven crises In our model...
Xuewen Liu, Pengfei Wang, Zhongchao Yang
Working Paper | No. 20210901 |
Keywords: Credit extensions, synchronization, externality, economic recoveries
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Search, Screening and Sorting
We investigate the effect of search frictions on labor market sorting by cons...
Xiaoming Cai, Pieter Gautier, Ronald Wolthoff
Working Paper | No. 20210705 |
Keywords: Sorting, complementarity, search frictions, information frictions, heterogeneity
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Meetings and Mechanisms
There exists a lot of variation in terms of how buyers and sellers meet, both...
Xiaoming Cai, Pieter Gautier, Ronald Wolthoff
Working Paper | No.20210704 |
Keywords: Search frictions, directed search, matching function, meeting technology, competing mechanisms,
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The Legal Origins of Financial Development: Evidence from the Shanghai Conces...
We assemble new data on the British and French concessions in Shanghai betwee...
Ross Levine, Chen Lin, Chicheng Ma, Yuchen Xu*
Working Paper | No. 20210703 |
Keywords: Comparative law, financial development, China
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The Allocation of Talent and Financial Development, 1897 to 1936
We examine how the supply of talent affected financial development, based on ...
Chen Lin, Chicheng Ma, Yuchen Sun, Yuchen Xu
Working Paper | No. 20210702 |
Keywords: Allocation of talent, human capital, modern banks, financial development, China, civil examinat
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Partisan Depositor Responses to a Currency Shock
Depositor responses to a large currency shock vary depending on political vie...
Xiaoyang Gao, Chen Lin, Vesa Pursiainen, Yuchen Xu
Working Paper | No. 20210701 |
Keywords: Currency shock, household behavior, bank deposits, exchange rate risk