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Political Campaigns and Church Contributions
Hungerman, Daniel M. - 2018
We combine a new dataset of weekly Catholic church donations with a new dataset of presidential-election campaign stops … appear to vary based on the political language used by the parish in its own church bulletins. However, the effect does …
Persistent link: https://www.econbiz.de/10012925899
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A Theory of the Production and Allocation of Effort
Becker, Gary S. - 2022
The purpose of this paper is to analyze systematically the production of effort and its allocation among different … of the production and allocation of effort by a free person. Section III applies this analysis to the value placed on … wage rates offered and the effort supplied by their workers. Section V analyzes the production and allocation of effort by …
Persistent link: https://www.econbiz.de/10014158837
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Firing Costs, Misallocation, and Aggregate Productivity
Da-Rocha, José María - 2017
We assess the quantitative impact of firing costs on aggregate total factor productivity (TFP) in a dynamic general-equilibrium framework where the distribution of establishment-level productivity is not invariant to the policy. Firing costs not only generate static factor misallocation, but...
Persistent link: https://www.econbiz.de/10012966591
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Market Power, Production (Mis)Allocation and OPEC
Asker, John - 2017
This paper estimates the extent to which market power is a source of production misallocation. Productive inefficiency occurs through more production being allocated to higher-cost units of production, and less production to lower-cost production units, conditional on a fixed aggregate quantity....
Persistent link: https://www.econbiz.de/10012948063
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Misallocation, Establishment Size, and Productivity
Bento, Pedro - 2016
We consider a tractable model of heterogeneous production units that features endogenous entry and productivity investment to assess the quantitative impact of policy distortions on aggregate output and establishment size. Relative to the standard factor misallocation framework, policy...
Persistent link: https://www.econbiz.de/10012979762
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Capital Reallocation
Eisfeldt, Andrea L. - 2018
Capital reallocation is procyclical, despite measured productive reallocative opportunities being acyclical, or even countercyclical. This paper reviews the advances in the literature studying the causes and consequences of capital reallocation (or lack thereof). We provide a comprehensive set...
Persistent link: https://www.econbiz.de/10012910643
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Transferability of Migration Licenses and the Distribution of Potential Rents
Bivins, Laura L.; Krishna, Kala - 2021
This paper compares the effects of migration restrictions using licenses which are freely traded in a competitive labor market to those that occur when licenses are allocated to firms who are not permitted to trade them. There is reason to expect that a policy of making licenses non-transferable...
Persistent link: https://www.econbiz.de/10013218800
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Financial Development and Growth in the Short and Long Run
Fisman, Raymond; Love, Inessa - 2021
We analyze the relationship between financial development and inter-industry resource allocation in the short- and long …-run. We suggest that in the long-run, economies with high rates of financial development will devote relatively more resources … contrast, in the short-run we argue that financial development facilitates the reallocation of resources to industries with …
Persistent link: https://www.econbiz.de/10013222934
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Resource Allocation During the Transition to a Market Economy : Political Implications of Supply Bottlenecks and Adjustment Costs
Aizenman, Joshua; Isard, Peter - 2021
This paper explains why a laissez-faire approach may fail to account for externalities in transforming economies, focusing on externalities associated with supply bottlenecks and adjustment costs. Bottlenecks tend to arise whenever input requirements are stochastic and the opportunity cost of...
Persistent link: https://www.econbiz.de/10013224690
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Institutions and Labor Reallocation
Bertola, Giuseppe; Rogerson, Richard Donald - 2021
Despite stringent dismissal restrictions in most European countries, rates of job creation and destruction are remarkably similar across European and North American labor markets. This paper shows that relative-wage compression is conducive to higher employer-initiated job turnover, and argues...
Persistent link: https://www.econbiz.de/10013224868