cometadata/datacite-titles-descriptions-related-identifiers huggingface dataset:
DOI: 10.3886/e112531
title: Replication data for: Evaluating Microfoundations for Aggregate Price Rigidities: Evidence from Matched Firm-Level Data on Product Prices and Unit Labor Cost

description: Using matched data on product-level prices and the producing firm's unit labor cost, we find a moderate pass-through of current idiosyncratic marginal-cost changes. Also, the response does not vary across firms facing very different idiosyncratic shock variances, but identical aggregate conditions. These results do not fit the predictions of Mackowiak and Wiederholt (2009). Neither do firms react strongly to predictable marginal-cost changes, as expected from Mankiw and Reis (2002). We find that firms consider both current and expected future marginal cost when setting prices. This points toward impediments to continuous price adjustments as a key driver of monetary non-neutrality.
DOI: 10.3886/e112531v1
title: Replication data for: Evaluating Microfoundations for Aggregate Price Rigidities: Evidence from Matched Firm-Level Data on Product Prices and Unit Labor Cost

description: Using matched data on product-level prices and the producing firm's unit labor cost, we find a moderate pass-through of current idiosyncratic marginal-cost changes. Also, the response does not vary across firms facing very different idiosyncratic shock variances, but identical aggregate conditions. These results do not fit the predictions of Mackowiak and Wiederholt (2009). Neither do firms react strongly to predictable marginal-cost changes, as expected from Mankiw and Reis (2002). We find that firms consider both current and expected future marginal cost when setting prices. This points toward impediments to continuous price adjustments as a key driver of monetary non-neutrality.
DOI: 10.3886/e112532
title: Replication data for: On the Timing and Pricing of Dividends

description: We present evidence on the term structure of the equity premium. We recover prices of dividend strips, which are short-term assets that pay dividends on the stock index every period up to period T and nothing thereafter. It is short-term relative to the index because the index pays dividends in perpetuity. We find that expected returns, Sharpe ratios, and volatilities on short-term assets are higher than on the index, while their CAPM betas are below one. Short-term assets are more volatile than their realizations, leading to excess volatility and return predictability. Our findings are inconsistent with many leading theories.
DOI: 10.3886/e112532v1
title: Replication data for: On the Timing and Pricing of Dividends

description: We present evidence on the term structure of the equity premium. We recover prices of dividend strips, which are short-term assets that pay dividends on the stock index every period up to period T and nothing thereafter. It is short-term relative to the index because the index pays dividends in perpetuity. We find that expected returns, Sharpe ratios, and volatilities on short-term assets are higher than on the index, while their CAPM betas are below one. Short-term assets are more volatile than their realizations, leading to excess volatility and return predictability. Our findings are inconsistent with many leading theories.
DOI: 10.3886/e112533
title: Replication data for: The Finnish Great Depression: From Russia with Love

description: Why did Finland experience, in 1991-1993, the deepest recession observed in an industrialized country since the 1930s? Using a dynamic general equilibrium model with labor frictions, we argue that the collapse of the Soviet-Finnish trade was a major contributor to the contraction. Finland's experience mirrors that of the transition economies of Eastern Europe, which suffered similar deep recessions coupled with institutional changes. By focusing on the Finnish case, we isolate the effects of the Finnish-Soviet trade collapse and shed new light on the sources of recessions in transition economies.
DOI: 10.3886/e112533v1
title: Replication data for: The Finnish Great Depression: From Russia with Love

description: Why did Finland experience, in 1991-1993, the deepest recession observed in an industrialized country since the 1930s? Using a dynamic general equilibrium model with labor frictions, we argue that the collapse of the Soviet-Finnish trade was a major contributor to the contraction. Finland's experience mirrors that of the transition economies of Eastern Europe, which suffered similar deep recessions coupled with institutional changes. By focusing on the Finnish case, we isolate the effects of the Finnish-Soviet trade collapse and shed new light on the sources of recessions in transition economies.
DOI: 10.3886/e112534v1
title: Replication data for: The Currency of Reciprocity: Gift Exchange in the Workplace

description: What determines reciprocity in employment relations? We conducted a controlled field experiment to measure the extent to which monetary and nonmonetary gifts affect workers' performance. We find that nonmonetary gifts have a much stronger impact than monetary gifts of equivalent value. We also observe that when workers are offered the choice, they prefer receiving money, but reciprocate as if they received a nonmonetary gift. This result is consistent with the common saying, "it's the thought that counts." We underline this point by showing that monetary gifts can effectively trigger reciprocity if the employer invests more time and effort into the gift's presentation.
DOI: 10.3886/e112534
title: Replication data for: The Currency of Reciprocity: Gift Exchange in the Workplace

description: What determines reciprocity in employment relations? We conducted a controlled field experiment to measure the extent to which monetary and nonmonetary gifts affect workers' performance. We find that nonmonetary gifts have a much stronger impact than monetary gifts of equivalent value. We also observe that when workers are offered the choice, they prefer receiving money, but reciprocate as if they received a nonmonetary gift. This result is consistent with the common saying, "it's the thought that counts." We underline this point by showing that monetary gifts can effectively trigger reciprocity if the employer invests more time and effort into the gift's presentation.
DOI: 10.3886/e112535
title: Replication data for: Risk Aversion and the Labor Margin in Dynamic Equilibrium Models

description: The household's labor margin has a substantial effect on risk aversion, and hence asset prices, in dynamic equilibrium models even when utility is additively separable between consumption and labor. This paper derives simple, closed-form expressions for risk aversion that take into account the household's labor margin. Ignoring this margin can dramatically overstate the household's true aversion to risk. Risk premia on assets priced with the stochastic discount factor increase essentially linearly with risk aversion, so measuring risk aversion correctly is crucial for asset pricing in the model.
DOI: 10.3886/e112535v1
title: Replication data for: Risk Aversion and the Labor Margin in Dynamic Equilibrium Models

description: The household's labor margin has a substantial effect on risk aversion, and hence asset prices, in dynamic equilibrium models even when utility is additively separable between consumption and labor. This paper derives simple, closed-form expressions for risk aversion that take into account the household's labor margin. Ignoring this margin can dramatically overstate the household's true aversion to risk. Risk premia on assets priced with the stochastic discount factor increase essentially linearly with risk aversion, so measuring risk aversion correctly is crucial for asset pricing in the model.
DOI: 10.3886/e112536v1
title: Replication data for: Credit Spreads and Business Cycle Fluctuations

description: Using micro-level data, we construct a credit spread index with considerable predictive power for future economic activity. We decompose the credit spread into a component that captures firm-specific information on expected defaults and a residual component—the excess bond premium. Shocks to the excess bond premium that are orthogonal to the current state of the economy lead to declines in economic activity and asset prices. An increase in the excess bond premium appears to reflect a reduction in the risk-bearing capacity of the financial sector, which induces a contraction in the supply of credit and a deterioration in macroeconomic conditions.
DOI: 10.3886/e112537
title: Replication data for: Do Matching Frictions Explain Unemployment? Not in Bad Times

description: This paper proposes a search-and-matching model of unemployment in which jobs are rationed: the labor market does not clear in the absence of matching frictions. This job shortage arises in an economic equilibrium from the combination of some wage rigidity and diminishing marginal returns to labor. In recessions, job rationing is acute, driving the rise in unemployment, whereas matching frictions contribute little to unemployment. Intuitively in recessions, jobs are lacking, the labor market is slack, and recruiting is easy and inexpensive, so matching frictions do not matter much. In a calibrated model, cyclical fluctuations in the composition of unemployment are large.
DOI: 10.3886/e112537v1
title: Replication data for: Do Matching Frictions Explain Unemployment? Not in Bad Times

description: This paper proposes a search-and-matching model of unemployment in which jobs are rationed: the labor market does not clear in the absence of matching frictions. This job shortage arises in an economic equilibrium from the combination of some wage rigidity and diminishing marginal returns to labor. In recessions, job rationing is acute, driving the rise in unemployment, whereas matching frictions contribute little to unemployment. Intuitively in recessions, jobs are lacking, the labor market is slack, and recruiting is easy and inexpensive, so matching frictions do not matter much. In a calibrated model, cyclical fluctuations in the composition of unemployment are large.
DOI: 10.3886/e112538
title: Replication data for: Taxes, Cigarette Consumption, and Smoking Intensity: Comment

description: This paper re-examines Adda and Cornaglia's (2006) evidence on the compensatory behavior of smokers who, in face of higher taxes, are found to reduce their consumption of cigarettes while maintaining their cotinine—a biomarker for nicotine—levels constant. This comment examines the robustness of the empirical findings in Adda and Cornaglia (2006) using: appropriate clustered standard errors, a larger sample from the same years and survey as the data in Adda and Cornaglia (2006), cigarette-prices instead of and in addition to cigarette-taxes, and sampling weights. The empirical findings of Adda and Cornaglia (2006) are not robust. Further, little systematic evidence of compensatory behavior is found among subsamples of smokers.
DOI: 10.3886/e112538v1
title: Replication data for: Taxes, Cigarette Consumption, and Smoking Intensity: Comment

description: This paper re-examines Adda and Cornaglia's (2006) evidence on the compensatory behavior of smokers who, in face of higher taxes, are found to reduce their consumption of cigarettes while maintaining their cotinine—a biomarker for nicotine—levels constant. This comment examines the robustness of the empirical findings in Adda and Cornaglia (2006) using: appropriate clustered standard errors, a larger sample from the same years and survey as the data in Adda and Cornaglia (2006), cigarette-prices instead of and in addition to cigarette-taxes, and sampling weights. The empirical findings of Adda and Cornaglia (2006) are not robust. Further, little systematic evidence of compensatory behavior is found among subsamples of smokers.
DOI: 10.3886/e112539
title: Replication data for: A Field Study on Matching with Network Externalities

description: We study the effects of network externalities within a protocol for matching faculty to offices in a new building. Using web and survey data on faculty's attributes and choices, we identify the different layers of the social network: institutional affiliation, coauthorships, and friendships. We quantify the effects of network externalities on choices and outcomes, disentangle the layers of the networks, and quantify their relative influence. Finally, we assess the protocol used from a welfare perspective. Our study suggests the importance and feasibility of accounting for network externalities in assignment problems and evaluates techniques that can be employed to this end. (JEL C78, C93, D62, D85, Z13)
DOI: 10.3886/e112539v1
title: Replication data for: A Field Study on Matching with Network Externalities

description: We study the effects of network externalities within a protocol for matching faculty to offices in a new building. Using web and survey data on faculty's attributes and choices, we identify the different layers of the social network: institutional affiliation, coauthorships, and friendships. We quantify the effects of network externalities on choices and outcomes, disentangle the layers of the networks, and quantify their relative influence. Finally, we assess the protocol used from a welfare perspective. Our study suggests the importance and feasibility of accounting for network externalities in assignment problems and evaluates techniques that can be employed to this end. (JEL C78, C93, D62, D85, Z13)
DOI: 10.3886/e112540
title: Replication data for: Europe's Tired, Poor, Huddled Masses: Self-Selection and Economic Outcomes in the Age of Mass Migration

description: During the age of mass migration (1850-1913), one of the largest migration episodes in history, the United States maintained a nearly open border, allowing the study of migrant decisions unhindered by entry restrictions. We estimate the return to migration while accounting for migrant selection by comparing Norway-to-US migrants with their brothers who stayed in Norway in the late nineteenth century. We also compare fathers of migrants and nonmigrants by wealth and occupation. We find that the return to migration was relatively low (70 percent) and that migrants from urban areas were negatively selected from the sending population. (JEL J11, J61, N31, N33)
DOI: 10.3886/e112540v1
title: Replication data for: Europe's Tired, Poor, Huddled Masses: Self-Selection and Economic Outcomes in the Age of Mass Migration

description: During the age of mass migration (1850-1913), one of the largest migration episodes in history, the United States maintained a nearly open border, allowing the study of migrant decisions unhindered by entry restrictions. We estimate the return to migration while accounting for migrant selection by comparing Norway-to-US migrants with their brothers who stayed in Norway in the late nineteenth century. We also compare fathers of migrants and nonmigrants by wealth and occupation. We find that the return to migration was relatively low (70 percent) and that migrants from urban areas were negatively selected from the sending population. (JEL J11, J61, N31, N33)
DOI: 10.3886/e112541
title: Replication data for: A Rational Expectations Approach to Hedonic Price Regressions with Time-Varying Unobserved Product Attributes: The Price of Pollution

description: We propose a new strategy for a pervasive problem in the hedonics literature: recovering hedonic prices in the presence of time-varying correlated unobservables. Our approach relies on an assumption about home buyer rationality, under which prior sales prices can be used to control for time-varying unobservable attributes of the house or neighborhood. Using housing transactions data from California's Bay Area between 1990 and 2006, we apply our estimator to recover marginal willingness to pay for reductions in three of the EPA's "criteria" air pollutants. Our findings suggest that ignoring bias from time-varying correlated unobservables considerably understates the benefits of a pollution reduction policy. (JEL D12, D84, Q53, Q58, R21)
DOI: 10.3886/e112541v1
title: Replication data for: A Rational Expectations Approach to Hedonic Price Regressions with Time-Varying Unobserved Product Attributes: The Price of Pollution

description: We propose a new strategy for a pervasive problem in the hedonics literature: recovering hedonic prices in the presence of time-varying correlated unobservables. Our approach relies on an assumption about home buyer rationality, under which prior sales prices can be used to control for time-varying unobservable attributes of the house or neighborhood. Using housing transactions data from California's Bay Area between 1990 and 2006, we apply our estimator to recover marginal willingness to pay for reductions in three of the EPA's "criteria" air pollutants. Our findings suggest that ignoring bias from time-varying correlated unobservables considerably understates the benefits of a pollution reduction policy. (JEL D12, D84, Q53, Q58, R21)
DOI: 10.3886/e112542
title: Replication data for: The Impact of Family Income on Child Achievement: Evidence from the Earned Income Tax Credit

description: Using an instrumental variables strategy, we estimate the causal effect of income on children's math and reading achievement. Our identification derives from the large, nonlinear changes in the Earned Income Tax Credit. The largest of these changes increased family income by as much as 20 percent, or approximately $2,100, between 1993 and 1997. Our baseline estimates imply that a $1,000 increase in income raises combined math and reading test scores by 6 percent of a standard deviation in the short run. Test gains are larger for children from disadvantaged families and robust to a variety of alternative specifications. (JEL H24, H31, I21, I38, J13)
DOI: 10.3886/e112542v1
title: Replication data for: The Impact of Family Income on Child Achievement: Evidence from the Earned Income Tax Credit

description: Using an instrumental variables strategy, we estimate the causal effect of income on children's math and reading achievement. Our identification derives from the large, nonlinear changes in the Earned Income Tax Credit. The largest of these changes increased family income by as much as 20 percent, or approximately $2,100, between 1993 and 1997. Our baseline estimates imply that a $1,000 increase in income raises combined math and reading test scores by 6 percent of a standard deviation in the short run. Test gains are larger for children from disadvantaged families and robust to a variety of alternative specifications. (JEL H24, H31, I21, I38, J13)
DOI: 10.3886/e112543
title: Replication data for: Organ Allocation Policy and the Decision to Donate

description: Organ donations from deceased donors provide the majority of transplanted organs in the United States, and one deceased donor can save numerous lives by providing multiple organs. Nevertheless, most Americans are not registered organ donors despite the relative ease of becoming one. We study in the laboratory an experimental game modeled on the decision to register as an organ donor and investigate how changes in the management of organ waiting lists might impact donations. We find that an organ allocation policy giving priority on waiting lists to those who previously registered as donors has a significant positive impact on registration. (JEL C91, D64, I11)
DOI: 10.3886/e112543v1
title: Replication data for: Organ Allocation Policy and the Decision to Donate

description: Organ donations from deceased donors provide the majority of transplanted organs in the United States, and one deceased donor can save numerous lives by providing multiple organs. Nevertheless, most Americans are not registered organ donors despite the relative ease of becoming one. We study in the laboratory an experimental game modeled on the decision to register as an organ donor and investigate how changes in the management of organ waiting lists might impact donations. We find that an organ allocation policy giving priority on waiting lists to those who previously registered as donors has a significant positive impact on registration. (JEL C91, D64, I11)
DOI: 10.3886/e112544
title: Replication data for: Katrina's Children: Evidence on the Structure of Peer Effects from Hurricane Evacuees

description: In 2005, Hurricanes Katrina and Rita forced many children to relocate across the Southeast. While schools quickly enrolled evacuees, families in receiving schools worried about the impacts on incumbent students. We find no effect, on average, of the inflow of evacuees on achievement in Houston. In Louisiana we find little impact on average and we reject linear-in-means models. Moreover, we find that student achievement improves with high achieving peers and worsens with low achieving peers. Finally, an increase in the inflow of evacuees raised incumbent absenteeism and disciplinary problems in Houston's secondary schools. (JEL I21, Q54)
DOI: 10.25549/uschist-c104-262333
title: Daily Trojan, vol. 186, no. 61, Nov 19, 2015

description: Daily Trojan, vol. 186, no. 61, Nov 19, 2015.
DOI: 10.23725/1rg0-bq90
title: NWD136981.b38.irc.v1.cram

description: TOPMed: NWD136981.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/258x-de90
title: NWD480105.b38.irc.v1.cram

description: TOPMed: NWD480105.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/3sjj-8543
title: NWD394084.b38.irc.v1.cram

description: TOPMed: NWD394084.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/46jq-h866
title: NWD306441.b38.irc.v1.cram

description: TOPMed: NWD306441.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/4h62-g414
title: NWD480285.b38.irc.v1.cram

description: TOPMed: NWD480285.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/55fw-2m37
title: NWD394289.b38.irc.v1.cram

description: TOPMed: NWD394289.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/5k14-sq21
title: NWD327074.b38.irc.v1.cram

description: TOPMed: NWD327074.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/6fpr-3y84
title: NWD344834.b38.irc.v1.cram

description: TOPMed: NWD344834.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/6sb5-b061
title: NWD338878.b38.irc.v1.cram

description: TOPMed: NWD338878.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/7cp5-pk73
title: NWD322666.b38.irc.v1.cram

description: TOPMed: NWD322666.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/8h53-y624
title: NWD222961.b38.irc.v1.cram

description: TOPMed: NWD222961.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/8hw0-pq44
title: NWD223274.b38.irc.v1.cram

description: TOPMed: NWD223274.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/97h2-jq84
title: NWD393445.b38.irc.v1.cram

description: TOPMed: NWD393445.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/9ckt-ct79
title: NWD223178.b38.irc.v1.cram

description: TOPMed: NWD223178.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/9cm1-4s07
title: NWD480229.b38.irc.v1.cram

description: TOPMed: NWD480229.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/a61c-qy33
title: NWD137159.b38.irc.v1.cram

description: TOPMed: NWD137159.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/ad0x-sn38
title: NWD136487.b38.irc.v1.cram

description: TOPMed: NWD136487.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/ap8v-4b59
title: NWD393491.b38.irc.v1.cram

description: TOPMed: NWD393491.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/apsw-6h23
title: NWD345359.b38.irc.v1.cram

description: TOPMed: NWD345359.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/ckxj-xa29
title: NWD306128.b38.irc.v1.cram

description: TOPMed: NWD306128.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/cpbq-qa30
title: NWD479834.b38.irc.v1.cram

description: TOPMed: NWD479834.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/cpqs-v582
title: NWD393723.b38.irc.v1.cram

description: TOPMed: NWD393723.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/cqwz-pz55
title: NWD479678.b38.irc.v1.cram

description: TOPMed: NWD479678.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/cqzw-2a67
title: NWD305890.b38.irc.v1.cram

description: TOPMed: NWD305890.b38.irc.v1.cram <br>File: CRAM file
DOI: 10.23725/d7ap-kf07
title: NWD222897.b38.irc.v1.cram

description: TOPMed: NWD222897.b38.irc.v1.cram <br>File: CRAM file