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Earthquakes and the intergenerational delegation of responsibility 地震和代际责任分配
IF 2.3 3区 经济学 Q2 ECONOMICS Pub Date : 2026-01-01 Epub Date: 2025-12-11 DOI: 10.1016/j.jebo.2025.107363
Nurun Naher Moni , Muhammad Habibur Rahman , Ruhul Salim
Do earthquakes affect parents’ preferences for raising responsible children? By merging data on random variations in the frequency and timing of earthquakes with five waves of the World Values Survey from 1995 to 2022 at the district level across 90 countries, our event-specific difference-in-differences estimates reveal that parents affected by moderate earthquakes increase their preference for responsible children by 5.9 percentage points due to perceived risks. We argue that moderate shocks heighten risk perceptions without depleting parental capacity, whereas strong earthquakes dampen this effect by reducing the capacity required to instill responsibility. Our empirical evidence suggests that governments should embed child-centred disaster risk reduction frameworks within post-disaster recovery strategies to enhance long-term disaster resilience.
地震会影响父母对培养负责任的孩子的偏好吗?通过将地震频率和时间随机变化的数据与1995年至2022年在90个国家的地区一级进行的五波世界价值观调查相结合,我们对事件特定差异的差异估计显示,由于感知到风险,受中度地震影响的父母对负责任的孩子的偏好增加了5.9个百分点。我们认为,适度的地震会在不消耗父母能力的情况下提高风险意识,而强烈的地震会通过降低灌输责任所需的能力来抑制这种影响。我们的经验证据表明,政府应该将以儿童为中心的减少灾害风险框架纳入灾后恢复战略,以增强长期的抗灾能力。
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引用次数: 0
The long-run human capital benefits of the one-village-one-preschool pilot in rural northwestern China 西北农村一村一幼试点的长期人力资本效益
IF 2.3 3区 经济学 Q2 ECONOMICS Pub Date : 2026-01-01 Epub Date: 2025-12-19 DOI: 10.1016/j.jebo.2025.107377
Yalin Tang , Chengfang Liu , Yingquan Song
Since its inception in 2009, the One Village One Preschool (OVOP) initiative has emerged as one of China’s most extensive social experiments in rural early childhood education (ECE), distinguished by stringent teacher entry standards and sustained professional development. Utilizing variations in OVOP’s access cross villages and cohorts, we find that high-school-aged students exposed to OVOP have gained human capital benefits. Specifically, an additional one-year of OVOP exposure generates a 4.6 percentage point (pp) increase in the likelihood of attending selective senior high schools and a 3.8 pp reduction in the probability of grade retention. Further examination suggests that the quality of OVOP centers, particularly teacher qualifications, plays a crucial role in generating these benefits. Moreover, the program’s impact is mediated through boosting preschool skill development and subsequent academic performance in compulsory education. Notably, students from upper-middle ability distribution derive more substantial benefits from OVOP exposure. Finally, a preliminary benefit-cost analysis indicates a return of at least 4.1:1 on OVOP investments, with the marginal value of public funds spanning from 6.2 to infinity. These findings underscore the efficacy of OVOP as a scalable model for enhancing educational equity and human capital development in rural China.
自2009年启动以来,一村一学前班(OVOP)计划已成为中国农村幼儿教育(ECE)领域最广泛的社会实验之一,其特点是严格的教师入职标准和持续的专业发展。利用跨村庄和群体的OVOP获取变化,我们发现接触OVOP的高中生获得了人力资本收益。具体来说,额外一年的OVOP接触会使进入重点高中的可能性增加4.6个百分点(pp),并使成绩保留的可能性降低3.8个百分点。进一步的研究表明,OVOP中心的质量,特别是教师资格,在产生这些效益方面起着至关重要的作用。此外,该计划的影响是通过促进学前技能发展和随后的义务教育学业成绩来调节的。值得注意的是,来自中上能力分布的学生从OVOP接触中获得了更多的实质性收益。最后,初步的收益-成本分析表明,OVOP投资的回报率至少为4.1:1,公共资金的边际价值从6.2到无穷大。这些发现强调了OVOP作为促进中国农村教育公平和人力资本发展的可扩展模型的有效性。
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引用次数: 0
Optimal information disclosure in competing contests with budget constrained players 预算约束参与方竞争中的最优信息披露
IF 2.3 3区 经济学 Q2 ECONOMICS Pub Date : 2026-01-01 Epub Date: 2025-12-30 DOI: 10.1016/j.jebo.2025.107392
Anastasia Antsygina
This paper studies optimal information disclosure in two competing contests where contestants face a constraint on their total effort contribution, or budget. The contestants are ex ante uninformed about the value of the prize to be allocated in one of the contests. Before the game starts, the designer of a contest with the unknown prize value chooses a public disclosure rule that maximizes the total effort exerted in her competition, and commits to it. We find that the optimal disclosure rule is generally not unique and can reveal (at least some) information to the contestants. In the absence of competition for effort among contests, the size of the budget has a non-monotonic effect on the designer’s incentives to share information. When competition for effort is at place, the designer’s incentives to share information decline with the size of the budget, which is driven by the substitution effect that forces contestants to reallocate their effort towards a competition with a higher perceived prize.
本文研究了两个竞争竞赛中参赛者面临总努力贡献或预算约束的最优信息披露问题。参赛者事先不知道将在其中一场比赛中分配的奖品的价值。在游戏开始前,奖励值未知的竞赛的设计者选择一个能使其在竞赛中付出的总努力最大化的公开披露规则,并承诺遵守。我们发现,最优披露规则通常不是唯一的,并且可以向参赛者透露(至少一些)信息。在不存在竞争的情况下,预算的大小对设计师分享信息的动机具有非单调的影响。当存在努力竞争时,设计师分享信息的动机会随着预算规模而下降,这是由替代效应驱动的,迫使参赛者重新分配他们的努力,以获得更高的感知奖励。
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引用次数: 0
Pyramid schemes 传销
IF 2.3 3区 经济学 Q2 ECONOMICS Pub Date : 2026-01-01 Epub Date: 2026-01-05 DOI: 10.1016/j.jebo.2025.107398
Gönül Doğan , Kenan Kalaycı , Priscilla Man
We invite experiment participants to invest their endowment in a pyramid scheme with a negative expected return. In two samples, one from the general U.S. population and one from a major German university involving higher stakes, more than half invest regardless of their age, gender, income, and trust and fairness beliefs. Higher risk tolerance positively correlates with investment in both populations, whereas preference for positively-skewed risk, and lower cognitive skills explain investment only in the general U.S. population. We vary the level of assistance provided to participants in inferring the distribution of payoff from the pyramid scheme in four treatments, and find that only those requiring no further extrapolation of information are successful in reducing investment.
我们邀请实验参与者将他们的捐款投资于一个预期回报为负的金字塔计划。在两个样本中,一个来自普通美国人,一个来自德国一所主要大学,涉及更高的风险,超过一半的人投资,而不考虑他们的年龄、性别、收入、信任和公平信念。在两种人群中,较高的风险承受能力与投资呈正相关,而对正倾斜风险的偏好和较低的认知技能只能解释美国一般人群的投资。我们在四种处理中改变了向参与者提供的帮助水平,以推断金字塔计划的收益分配,并发现只有那些不需要进一步推断信息的人才能成功地减少投资。
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引用次数: 0
Delayed school entry increases internal locus of control 延迟入学增加了内在控制点
IF 2.3 3区 经济学 Q2 ECONOMICS Pub Date : 2026-01-01 Epub Date: 2025-12-02 DOI: 10.1016/j.jebo.2025.107317
Dániel Horn , Hubert János Kiss , Ágnes Szabó-Morvai
Internal locus of control (LoC) is positively associated with numerous life outcomes, yet our understanding of how to enhance it remains limited. Leveraging statutory school enrollment cutoff dates as a source of plausibly exogenous variation, we provide the first causal evidence that delayed school entry increases internal LoC. Specifically, we estimate a policy effect of approximately 0.08 standard deviation among 8th-grade students, corresponding to an approximately 0.15 standard deviations effect among compliers. While these effects are likely relative rather than absolute, we find that the impact is significantly larger among children from financially distressed families. These heterogeneous effects highlight the potential for delayed school entry to strengthen internal LoC, particularly for students from lower-income backgrounds, though trade-offs such as increased childcare costs and delayed workforce entry should be considered.
内部控制点(LoC)与许多生活结果呈正相关,但我们对如何增强它的理解仍然有限。利用法定入学截止日期作为似是而非的外生变化的来源,我们提供了第一个因果证据,证明延迟入学增加了内部LoC。具体来说,我们估计政策效应在八年级学生中约为0.08标准差,对应于在编纂者中约为0.15标准差的效应。虽然这些影响可能是相对的,而不是绝对的,但我们发现,经济困难家庭的孩子受到的影响要大得多。这些异质性效应凸显了推迟入学对加强内部LoC的潜力,特别是对于来自低收入背景的学生而言,尽管应考虑到诸如增加托儿费用和推迟进入劳动力市场等权衡。
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引用次数: 0
Can ratings mitigate consumer inattention? Evidence from the swedish housing market 评级能减轻消费者的注意力不集中吗?来自瑞典房地产市场的证据
IF 2.3 3区 经济学 Q2 ECONOMICS Pub Date : 2026-01-01 Epub Date: 2025-12-03 DOI: 10.1016/j.jebo.2025.107349
Petter Berg
I study the effects of ratings designed to capture the financial risk associated with apartment ownership in Sweden. I find a discontinuous impact around rating thresholds on sales prices and real estate agents’ pricing decisions, but only after ratings started being displayed in online listings. This is not driven by changes in the number of bidders in apartment auctions. However, the magnitude of the rating effect is larger for sales administered by high- relative to low-quality real estate agents. My results suggest that ratings conveying financial information to consumers must ensure a high degree of salience to be effective. However, financial intermediaries remain likely to play a role in the transmission of such information.
我研究了旨在捕捉瑞典与公寓所有权相关的金融风险的评级的影响。我发现,评级门槛对销售价格和房地产经纪人的定价决策产生了不连续的影响,但这只是在评级开始在在线列表中显示之后。这并不是由公寓拍卖中竞标者数量的变化造成的。然而,相对于低质量的房地产经纪人,高质量的房地产经纪人所管理的销售,评级效应的幅度更大。我的研究结果表明,向消费者传达金融信息的评级必须确保高度的显著性才能有效。但是,金融中介机构仍然可能在传递这种信息方面发挥作用。
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引用次数: 0
ETF indexing strategies and asset prices: Experimental evidence ETF指数策略与资产价格:实验证据
IF 2.3 3区 经济学 Q2 ECONOMICS Pub Date : 2026-01-01 Epub Date: 2025-11-29 DOI: 10.1016/j.jebo.2025.107342
Peter Bossaerts , John Duffy , Jean Paul Rabanal , Olga A. Rud , Nitin Yadav
We experimentally examine whether and how the indexing strategy used by exchange traded funds (ETFs) affects the prices of the constituent assets. We study this issue in both the primary market (ETF creations and redemptions using bots as authorized participants) and the secondary market. The experiment includes three environments: (i) no ETF, (ii) an equal weighted ETF, and (iii) an unequal, market cap weighted ETF. We find that compared to the baseline of no ETFs, the introduction of ETFs significantly affects the relative prices of the constituent assets in the equal weighted ETF but not in the unequal weighted, market-cap based ETF. The introduction of ETFs also affects order imbalances and bid-ask spreads particularly for the asset in shortest supply.
本文通过实验研究了交易所交易基金(etf)使用的指数策略是否以及如何影响组成资产的价格。我们在一级市场(使用机器人作为授权参与者的ETF创建和赎回)和二级市场研究了这个问题。实验包括三种环境:(i)没有ETF, (ii)同等权重的ETF,以及(iii)不平等的市值加权ETF。我们发现,与没有ETF的基准相比,ETF的引入显著影响了等权重ETF中组成资产的相对价格,而在不等权重、基于市值的ETF中则没有影响。etf的引入也影响了订单失衡和买卖价差,尤其是供应最紧缺的资产。
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引用次数: 0
Team production on the battlefield: Evidence from NATO in Afghanistan 战场上的团队生产:来自阿富汗北约的证据
IF 2.3 3区 经济学 Q2 ECONOMICS Pub Date : 2026-01-01 Epub Date: 2025-12-27 DOI: 10.1016/j.jebo.2025.107385
Thiemo Fetzer , Oliver Vanden Eynde , Austin L. Wright
Managing military operations across and between teams of partner nations remains a first-order challenge to security and development during conflict. NATO, under the umbrella of the International Security Assistance Force (ISAF), brought together troops from 28 countries to help enhance security provision in Afghanistan. ISAF units were given responsibility for specific operational units. The assignment of responsibilities to different national armed forces could lead to coordination problems. We explore whether the provision of security is affected by horizontal frictions (when different countries are responsible for different sides of borders) or vertical frictions (when different countries control different levels of the operational hierarchy). We find that both horizontal frictions and vertical frictions are also associated with higher levels of insurgent violence. They also reduce military support activities, including aid projects and patrol activity. These findings indicate that misalignment between units within military organizations can undermine the effectiveness of security and development interventions during war.
在冲突期间,管理伙伴国家之间的军事行动仍然是对安全和发展的首要挑战。在国际安全援助部队(ISAF)的保护下,北约召集了来自28个国家的部队,帮助加强阿富汗的安全保障。安援部队各单位负责具体的行动单位。将责任分配给不同的国家武装部队可能导致协调问题。我们探讨安全的提供是否受到横向摩擦(当不同的国家负责边界的不同方面时)或垂直摩擦(当不同的国家控制不同的操作层次时)的影响。我们发现水平摩擦和垂直摩擦也与更高水平的叛乱暴力有关。他们还减少了军事支持活动,包括援助项目和巡逻活动。这些发现表明,军事组织内各单位之间的不协调可能会破坏战争期间安全和发展干预措施的有效性。
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引用次数: 0
Bribery, secrecy, and communication: theory and evidence from firms 贿赂、保密与沟通:来自公司的理论与证据
IF 2.3 3区 经济学 Q2 ECONOMICS Pub Date : 2026-01-01 Epub Date: 2025-12-10 DOI: 10.1016/j.jebo.2025.107366
Jafar M. Olimov
This paper studies if firms pay different types of bribes, and if corrupt bureaucrats have perfect information about resources of bribe-paying firms. We construct a model of corruption that allows for multiple informational scenarios in a single market for bribes and empirically test these scenarios on the original dataset of 429 firms operating in Tajikistan. The results indicate that firms simultaneously make voluntary and involuntary bribe payments, firms hide resources from corrupt bureaucrats to reduce involuntary bribe payments, and bureaucrats who receive voluntary bribe payments do not share bribery-relevant information with other bureaucrats.
本文研究了企业是否存在不同类型的贿赂行为,以及腐败官员是否掌握了行贿企业资源的完全信息。我们构建了一个腐败模型,该模型允许在单一贿赂市场中存在多种信息情景,并在塔吉克斯坦429家公司的原始数据集上对这些情景进行了实证测试。结果表明:企业同时进行自愿和非自愿行贿;企业向腐败官僚隐藏资源以减少非自愿行贿;接受自愿行贿的官僚不与其他官僚分享贿赂相关信息。
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引用次数: 0
Labor market monopsony and local clubs: Evidence from Indonesia 劳动力市场垄断与地方俱乐部:来自印度尼西亚的证据
IF 2.3 3区 经济学 Q2 ECONOMICS Pub Date : 2026-01-01 Epub Date: 2025-12-20 DOI: 10.1016/j.jebo.2025.107379
Peter Brummund , Michael D. Makowsky
Participation in social groups ties members to local communities. Employers can capture these benefits as rents when geographically-specific club goods raise the cost of labor mobility. We measure ties to local clubs using the shares of households identifying with a minority religion, enrollment of children in Islamic schools, and membership in secular savings clubs. We identify larger wage markdowns where households have stronger ties to local club goods. Complementarity between labor market concentration and club goods offers an explanation of rising wage markdowns absent increases in concentration, while adding to the difficulty in separating monopsony rents from compensating wage differentials.
参加社会团体将成员与当地社区联系在一起。当特定地域的俱乐部商品提高劳动力流动成本时,雇主可以将这些好处作为租金获得。我们通过认同少数宗教的家庭比例、伊斯兰学校的儿童入学率和世俗储蓄俱乐部的会员人数来衡量与当地俱乐部的联系。我们发现,在家庭与当地俱乐部商品联系更紧密的地方,工资降幅更大。劳动力市场集中度与俱乐部商品之间的互补性,解释了在集中度没有提高的情况下,工资不断下降的原因,同时也增加了将垄断租金与补偿性工资差异区分开来的难度。
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引用次数: 0
期刊
Journal of Economic Behavior & Organization
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