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The Impact of Public School Choice: Evidence from Los Angeles’ Zones of Choice 公立学校选择的影响:来自洛杉矶学区选择的证据
IF 13.7 1区 经济学 Q1 ECONOMICS Pub Date : 2023-10-11 DOI: 10.1093/qje/qjad052
Christopher Campos, Caitlin Kearns
Does a school district that expands school choice provide better outcomes for students than a neighborhood-based assignment system? This paper studies the Zones of Choice (ZOC) program, a school choice initiative of the Los Angeles Unified School District (LAUSD) that created small high school markets in some neighborhoods but left attendance zone boundaries in place throughout the rest of the district. We study market-level impacts of choice on student achievement and college enrollment using a differences-in-differences design. Student outcomes in ZOC markets increased markedly, narrowing achievement and college enrollment gaps between ZOC neighborhoods and the rest of the district. The effects of ZOC are larger for schools exposed to more competition, supporting the notion that competition is a key channel. Demand estimates suggest families place substantial weight on schools’ academic quality, providing schools with competition-induced incentives to improve their effectiveness. The evidence demonstrates that public school choice programs have the potential to improve school quality and reduce neighborhood-based disparities in educational opportunity.
比起以社区为基础的分配系统,扩大学校选择的学区是否能为学生提供更好的结果?本文研究了选择学区(ZOC)计划,这是洛杉矶联合学区(LAUSD)的一项择校倡议,该计划在一些社区创建了小型高中市场,但在整个学区的其他地方保留了出勤区边界。我们使用差异中的差异设计研究了市场层面的选择对学生成绩和大学入学率的影响。ZOC市场的学生成绩显著提高,缩小了ZOC社区与该地区其他社区之间的成绩和大学入学率差距。ZOC对面临更多竞争的学校的影响更大,这支持了竞争是关键渠道的观点。对需求的估计表明,家庭非常重视学校的学术质量,为学校提供竞争激励,以提高其效率。证据表明,公立学校选择计划有可能提高学校质量,减少基于社区的教育机会差距。
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引用次数: 0
A Retrieved-Context Theory of Financial Decisions 财务决策的检索语境理论
IF 13.7 1区 经济学 Q1 ECONOMICS Pub Date : 2023-10-02 DOI: 10.1093/qje/qjad050
Jessica A Wachter, Michael Jacob Kahana
Studies of human memory indicate that features of an event evoke memories of prior associated contextual states, which in turn become associated with the current event’s features. This retrieved-context mechanism allows the remote past to influence the present, even as agents gradually update their beliefs about their environment. We apply a version of retrieved-context theory, drawn from the literature on human memory, to explain three types of evidence in the financial economics literature: the role of early-life experience in shaping investment choices, occurrence of financial crises, and the impact of fear on asset allocation. These applications suggest a recasting of neoclassical rational expectations in terms of beliefs as governed by principles of human memory.
对人类记忆的研究表明,一个事件的特征会唤起对先前相关情境状态的记忆,而这些记忆又会与当前事件的特征相关联。这种检索上下文机制允许遥远的过去影响现在,即使代理逐渐更新他们对环境的信念。我们运用从人类记忆文献中提取的检索语境理论来解释金融经济学文献中的三种证据:早期生活经历在塑造投资选择中的作用、金融危机的发生以及恐惧对资产配置的影响。这些应用表明,根据人类记忆原则所支配的信念,对新古典理性预期进行了重塑。
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引用次数: 0
Organizational Structure and Pricing: Evidence from a Large U.S. Airline 组织结构和定价:来自美国一家大型航空公司的证据
IF 13.7 1区 经济学 Q1 ECONOMICS Pub Date : 2023-09-28 DOI: 10.1093/qje/qjad051
Ali Hortaçsu, Olivia R Natan, Hayden Parsley, Timothy Schwieg, Kevin R Williams
Firms facing complex objectives often decompose the problems they face, delegating different parts of the decision to distinct subunits. Using comprehensive data and internal models from a large U.S. airline, we establish that airline pricing is not well approximated by a model of the firm as a unitary decision-maker. We show that observed prices, however, can be rationalized by accounting for organizational structure and for the decisions by departments that are tasked with supplying inputs to the observed pricing heuristic. Simulating the prices the firm would charge if it were a rational, unitary decision-maker results in lower welfare than we estimate under observed practices. Finally, we discuss why counterfactual estimates of welfare and market power may be biased if prices are set through decomposition, but we instead assume that they are set by unitary decision-makers.
面对复杂目标的公司经常分解他们所面临的问题,将决策的不同部分委派给不同的子单元。利用美国一家大型航空公司的综合数据和内部模型,我们确定航空公司定价不能很好地近似于公司作为单一决策者的模型。然而,我们表明,观察到的价格可以通过考虑组织结构和负责向观察到的定价启发式提供输入的部门的决策来合理化。如果企业是一个理性的、单一的决策者,那么对其定价的模拟结果将比我们在观察到的实践下估计的要低。最后,我们讨论了为什么如果价格是通过分解设定的,那么对福利和市场力量的反事实估计可能会有偏差,但我们假设它们是由单一决策者设定的。
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引用次数: 0
Violence Against Women at Work 工作中对妇女的暴力
IF 13.7 1区 经济学 Q1 ECONOMICS Pub Date : 2023-09-18 DOI: 10.1093/qje/qjad045
Abi Adams-Prassl, Kristiina Huttunen, Emily Nix, Ning Zhang
In this paper, we link every police report in Finland to administrative data to identify violence between colleagues, and the economic consequences for victims, perpetrators, and firms. This new approach to observe when one colleague attacks another overcomes previous data constraints limiting evidence on this phenomenon to self-reported surveys that do not identify perpetrators. We document large, persistent labor market impacts of between-colleague violence on victims and perpetrators. Male perpetrators experience substantially weaker consequences after attacking female colleagues. Perpetrators’ relative economic power in male-female violence partly explains this asymmetry. Turning to broader implications for firm recruitment and retention, we find that male-female violence causes a decline in the proportion of women at the firm, both because fewer new women are hired and current female employees leave. Management plays a key role in mediating the impacts on the wider workforce. Only male-managed firms lose women. Female-managed firms exhibit a key difference relative to male-managed firms: male perpetrators are less likely to remain employed after attacking their female colleagues.
在本文中,我们将芬兰的每一份警察报告与行政数据联系起来,以确定同事之间的暴力行为,以及受害者、肇事者和公司的经济后果。这种观察同事攻击他人的新方法克服了以往的数据限制,将这一现象的证据局限于无法识别肇事者的自我报告调查。我们记录了同事间暴力对受害者和施暴者的巨大、持续的劳动力市场影响。男性行凶者在攻击女性同事后所受到的影响要小得多。施暴者在男女暴力中的相对经济实力部分解释了这种不对称。转向对公司招聘和保留更广泛的影响,我们发现男女暴力导致公司女性比例下降,这既是因为新雇佣的女性减少了,也是因为现有的女性员工离开了。管理层在调节对更广泛劳动力的影响方面发挥着关键作用。只有男性管理的公司才会失去女性。与男性管理的公司相比,女性管理的公司表现出一个关键的区别:男性行凶者在攻击女同事后不太可能继续被雇佣。
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引用次数: 3
Measuring Welfare and Inequality with Incomplete Price Information 用不完全价格信息衡量福利与不平等
IF 13.7 1区 经济学 Q1 ECONOMICS Pub Date : 2023-09-07 DOI: 10.1093/qje/qjad037
David Atkin, Benjamin Faber, Thibault Fally, Marco Gonzalez-Navarro
We propose and implement a new approach that allows us to estimate income-specific changes in household welfare in contexts where well-measured prices are not available for important subsets of consumption. Using rich but widely available expenditure survey microdata, we show that we can recover income-specific equivalent and compensating variations from horizontal shifts in what we term “relative Engel curves”—as long as preferences fall within the broad quasi-separable class (Gorman 1970; 1976). Our approach is flexible enough to allow for nonparametric estimation at each point of the income distribution. We apply the methodology to estimate inflation and welfare changes in rural India between 1987 and 2000. Our estimates reveal that lower rates of inflation for the rich erased the real income convergence found in the existing literature that uses the subset of consumption with well-measured prices to calculate inflation.
我们提出并实施了一种新方法,使我们能够在重要消费子集无法获得良好衡量价格的情况下,估计家庭福利中与收入相关的变化。使用丰富但广泛可用的支出调查微观数据,我们表明,我们可以从我们所谓的“相对恩格尔曲线”的水平变化中恢复特定收入的等量和补偿变化——只要偏好属于广义的准可分离类(Gorman 1970;1976)。我们的方法足够灵活,可以在收入分配的每个点上进行非参数估计。我们应用该方法来估计1987年至2000年间印度农村的通货膨胀和福利变化。我们的估计表明,富人较低的通货膨胀率抹去了现有文献中发现的实际收入收敛,这些文献使用具有良好测量价格的消费子集来计算通货膨胀。
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引用次数: 0
Measuring Welfare by Matching Households across Time 通过家庭的时间匹配来衡量福利
IF 13.7 1区 经济学 Q1 ECONOMICS Pub Date : 2023-09-06 DOI: 10.1093/qje/qjad038
David R Baqaee, Ariel Burstein, Yasutaka Koike-Mori
The money metric utility function is an essential tool for calculating welfare-relevant growth and inflation. We show how to recover it from repeated cross-sectional data without making parametric assumptions about preferences. We do this by solving the following recursive problem. Given compensated demand, we construct money metric utility by integration. Given money metric utility, we construct compensated demand by matching households over time whose money metric utility value is the same. We illustrate our method using household consumption survey data from the United Kingdom from 1974 to 2017 and find that real consumption calculated using official aggregate inflation statistics overstates money metric utility in 1974 pounds for the poorest households by around half a percent per year and understates it by around a third of a percentage point per year for the richest households. We extend our method to allow for missing or mismeasured prices, assuming preferences are separable between goods with well-measured prices and the rest. We discuss how our results change if the prices of some service sectors are mismeasured.
货币计量效用函数是计算与福利相关的增长和通货膨胀的基本工具。我们展示了如何从重复的横截面数据中恢复它,而不需要对偏好进行参数假设。我们通过解决下面的递归问题来做到这一点。在给定补偿需求的情况下,通过积分构造货币度量效用。给定货币度量效用,我们通过匹配货币度量效用值相同的家庭来构建补偿需求。我们使用英国1974年至2017年的家庭消费调查数据来说明我们的方法,并发现使用官方总通货膨胀统计数据计算的实际消费将1974年最贫穷家庭的货币度量效用每年夸大了约0.5%,并将最富有家庭的货币度量效用每年低估了约三分之一个百分点。我们扩展了我们的方法,以允许遗漏或错误测量的价格,假设偏好在价格测量良好的商品和其他商品之间是可分离的。我们讨论了如果某些服务部门的价格被错误测量,我们的结果会如何变化。
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引用次数: 0
New Pricing Models, Same Old Phillips Curves? 新的定价模式,还是老的菲利普斯曲线?
IF 13.7 1区 经济学 Q1 ECONOMICS Pub Date : 2023-09-06 DOI: 10.1093/qje/qjad041
Adrien Auclert, Rodolfo Rigato, Matthew Rognlie, Ludwig Straub
We show that, in a broad class of menu cost models, the first-order dynamics of aggregate inflation in response to arbitrary shocks to aggregate costs are nearly the same as in Calvo models with suitably chosen Calvo adjustment frequencies. We first prove that the canonical menu cost model is first-order equivalent to a mixture of two time-dependent models, which reflect the extensive and intensive margins of price adjustment. We then show numerically that, in any plausible parameterization, this mixture is well approximated by a single Calvo model. This close numerical fit carries over to other standard specifications of menu cost models. Thus, for shocks that are not too large, the Phillips curve for a menu cost model looks like the New Keynesian Phillips curve, but with a higher slope.
我们表明,在一大类菜单成本模型中,总通货膨胀对总成本任意冲击的一阶动态响应与适当选择Calvo调整频率的Calvo模型几乎相同。我们首先证明了标准菜单成本模型是一阶等价于两个时间依赖模型的混合物,这两个时间依赖模型反映了价格调整的广泛和密集边际。然后,我们用数值方法表明,在任何似是而非的参数化中,这种混合都可以很好地近似于单一的Calvo模型。这种接近的数值拟合延续到菜单成本模型的其他标准规格。因此,对于不太大的冲击,菜单成本模型的菲利普斯曲线看起来像新凯恩斯菲利普斯曲线,但斜率更高。
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引用次数: 0
Representation and Extrapolation: Evidence from Clinical Trials 表征与外推:来自临床试验的证据
IF 13.7 1区 经济学 Q1 ECONOMICS Pub Date : 2023-09-04 DOI: 10.1093/qje/qjad036
Marcella Alsan, Maya Durvasula, Harsh Gupta, Joshua Schwartzstein, Heidi Williams
This article examines the consequences and causes of low enrollment of Black patients in clinical trials. We develop a simple model of similarity-based extrapolation that predicts that evidence is more relevant for decision-making by physicians and patients when it is more representative of the group that is being treated. This generates the key result that the perceived benefit of a medicine for a group depends not only on the average benefit from a trial, but also on the share of patients from that group who were enrolled in the trial. In survey experiments, we find that physicians who care for Black patients are more willing to prescribe drugs tested in representative samples, an effect substantial enough to close observed gaps in the prescribing rates of new medicines. Black patients update more on drug efficacy when the sample that the drug is tested on is more representative, reducing Black-White patient gaps in beliefs about whether the drug will work as described. Despite these benefits of representative data, our framework and evidence suggest that those who have benefited more from past medical breakthroughs are less costly to enroll in the present, leading to persistence in who is represented in the evidence base.
本文探讨了临床试验中黑人患者低入学率的后果和原因。我们开发了一个简单的基于相似性的外推模型,该模型预测,当证据更能代表正在接受治疗的群体时,证据与医生和患者的决策更相关。这产生了一个关键的结果,即一种药物对一个群体的预期收益不仅取决于试验的平均收益,还取决于该群体中参加试验的患者所占的比例。在调查实验中,我们发现照顾黑人病人的医生更愿意开出经过代表性样本测试的药物,这一效果足以弥补在新药开方率方面观察到的差距。当药物测试的样本更具代表性时,黑人患者对药物疗效的了解就会更多,这就减少了黑人和白人患者对药物是否会如描述的那样起作用的信念差距。尽管具有代表性的数据有这些好处,但我们的框架和证据表明,那些从过去的医学突破中受益更多的人在现在注册的成本更低,这导致了在证据基础中代表谁的持久性。
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引用次数: 0
What We Teach About Race and Gender: Representation in Images and Text of Children’s Books 我们所教授的种族和性别:儿童书籍图像和文本的表现
IF 13.7 1区 经济学 Q1 ECONOMICS Pub Date : 2023-08-31 DOI: 10.1093/qje/qjad028
Anjali Adukia, Alex Eble, Emileigh Harrison, Hakizumwami Birali Runesha, Teodora Szasz
Books shape how children learn about society and norms, in part through representation of different characters. We use computational tools to characterize representation in children’s books widely read in homes, classrooms, and libraries over the past century and describe economic forces that may contribute to these patterns. We introduce new artificial intelligence methods for systematically converting images into data. We apply these tools, alongside text analysis methods, to measure skin color, race, gender, and age in the content of these books, documenting what has changed and what has endured over time. We find underrepresentation of Black and Latinx people in the most influential books, relative to their population shares, though representation of Black individuals increases over time. Females are also increasingly present but appear less often in text than in images, suggesting greater symbolic inclusion in pictures than substantive inclusion in stories. Characters in these influential books have lighter average skin color than in other books, even after conditioning on race, and children are depicted with lighter skin color than adults on average. We present empirical analysis of related economic behavior to better understand the representation we find in these books. On the demand side, we show that people consume books that center their own identities and that the types of children’s books purchased correlate with local political beliefs. On the supply side, we document higher prices for books that center nondominant social identities and fewer copies of these books in libraries that serve predominantly White communities.
书籍塑造了孩子们了解社会和规范的方式,部分是通过不同角色的表现。我们使用计算工具来描述过去一个世纪在家庭、教室和图书馆广泛阅读的儿童书籍中的代表性,并描述可能促成这些模式的经济力量。我们介绍了新的人工智能方法来系统地将图像转换为数据。我们将这些工具与文本分析方法一起应用于测量这些书籍内容中的肤色、种族、性别和年龄,记录随着时间的推移,哪些发生了变化,哪些经久不衰。我们发现,在最具影响力的书籍中,黑人和拉丁裔的代表性不足,相对于他们的人口比例而言,尽管黑人的代表性随着时间的推移而增加。女性也越来越多地出现在文本中,但在图像中出现的频率比在图像中出现的频率要低,这表明图片中的象征性包含比在故事中的实质性包含更多。在这些有影响力的书中,人物的平均肤色比其他书中的人物要浅,即使在种族条件下也是如此,儿童的平均肤色比成年人要浅。我们提出了相关经济行为的实证分析,以更好地理解我们在这些书中发现的代表性。在需求方面,我们表明人们消费以自己身份为中心的书籍,购买的儿童书籍类型与当地的政治信仰相关。在供应方面,我们记录了以非主流社会身份为中心的书籍价格上涨,而这些书在主要为白人社区服务的图书馆里的销量却更少。
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引用次数: 0
Buyers’ Sourcing Strategies and Suppliers’ Markups in Bangladeshi Garments 孟加拉服装买家采购策略与供应商加价
IF 13.7 1区 经济学 Q1 ECONOMICS Pub Date : 2023-06-27 DOI: 10.1093/qje/qjad026
Julia Cajal-Grossi, Rocco Macchiavello, Guillermo Noguera
We study differences in markups earned by Bangladeshi garment exporters across buyers with different sourcing strategies and make three contributions. First, we distinguish buyers with a relational versus a spot sourcing strategy and show that a buyer’s sourcing strategy is correlated across products and origins. Buyer fixed effects explain most of the variation in sourcing strategies, suggesting that these depend on organizational capabilities. Second, we use novel data that match quantities and prices of the two main variable inputs in the production of garments (fabric and labor on sewing lines) to specific export orders. We derive conditions under which these data allow measurement of within exporter–product–time differences in markups across orders produced for different buyers. Third, we show that exporters earn higher markups on otherwise identical orders produced for relational, as opposed to spot, buyers. A sourcing model with imperfect contract enforcement, idiosyncratic shocks to exporters, and buyers that adopt different sourcing strategies trading off higher prices and reliable supply rationalizes this and other observed facts in the industry. We discuss alternative explanations and policy implications.
我们研究了孟加拉国服装出口商在不同采购策略的买家之间赚取的加价差异,并做出了三个贡献。首先,我们区分了采用关系采购策略和现货采购策略的买家,并表明买家的采购策略在产品和产地之间是相关的。买方固定效应解释了采购策略的大部分变化,表明这些变化取决于组织能力。其次,我们使用新颖的数据,将服装生产中的两个主要变量投入(面料和缝纫线上的劳动力)的数量和价格与特定的出口订单相匹配。我们推导了这些数据允许在出口商产品时间内为不同买家生产的订单加价差异的测量条件。第三,我们表明出口商在为关系买家而不是现货买家生产的相同订单上获得更高的利润。一个不完善的合同执行,对出口商的特殊冲击,以及采用不同采购策略的买家在更高的价格和可靠的供应之间进行交易的采购模型,使这一现象和其他观察到的行业事实合理化。我们讨论了不同的解释和政策含义。
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引用次数: 7
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Quarterly Journal of Economics
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