PIER Working Paper Archive

From Penn Institute for Economic Research, Department of Economics, University of Pennsylvania
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23-020: Minimum Wages and Intergenerational Health

Muhammad Farhan Majid, Jere Behrman and Hanna Wang

23-019: Future Orientedness

John Knowles and Andrew Postlewaite

23-018: Uniformly Strict Equilibrium for Repeated Games with Private Monitoring and Communication

Richard McLean, Ichiro Obara and Andrew Postlewaite

23-017: Bayesian Estimation of Panel Models under Potentially Sparse Heterogeneity

Hyungsik Roger Moon, Frank Schorfheide and Boyuan Zhang

23-016: Clustering for Multi-Dimensional Heterogeneity with an Application to Production Function Estimation

Xu Cheng, Frank Schorfheide and Peng Shao

23-015: Not a Typical Firm:Capital-Labor Substitution and Firms' Labor Shares

Joachim Hubmer and Pascual Restrepo

23-014: Reluctant Entrepreneurs: Evidence from China’s SOE Reform

Hanming Fang, Ming Li, Zenan Wu and Yapei Zhang

23-013: A Protocol for Repeated Bargaining

Akihisa Kato and Jose-Victor Rios-Rull

23-012: Commitment in the Canonical Sovereign Default Model

Xavier Mateos-Planas, Sean McCrary, Jose-Victor Rios-Rull and Adrien Wicht

23-011: International tax competition with rising intangible capital and financial globalization

Vincenzo Quadrini and Jose-Victor Rios-Rull

23-007: Behavioral Foundations of Model Misspecification

J. Aislinn Bohren and Daniel N. Hauser

23-006: Rating Agencies

Harold Cole and Thomas Cooley

23-005: Beware the Side Effects: Capital Controls, Trade, Misallocation andWelfare

Eugenia Andreasen, Sofia Bauducco, Evangelina Dardati and Enrique Mendoza

23-004: Natural Resources and Sovereign Risk in Emerging Economies: A Curse and a Blessing

Franz Hamann, Juan Camilo Mendez-Vizcaino, Enrique Mendoza and Paulina Restrepo-Echavarria

23-003: Unstable Prosperity:How Globalization Made the World Economy More Volatile

Enrique Mendoza and Vincenzo Quadrini

23-002: Information Favoritism and Scoring Bias in Contests

Shanglyu Deng, Hanming Fang, Qiang Fu and Zenan Wu

23-001: Long-term effects of rainfall shocks on foundational cognitive skills: Evidence from Peru

Nicolas Pazos, Marta Favara, Alan Sanchez, Douglas Scott and Jere Behrman

22-032: How early nutrition and foundational cognitive skills interconnect? Evidence from two developing countries

Alan Sanchez, Marta Favara, Margaret Sheridan and Jere Behrman

22-031: Tournament-Style Political Competition and Local Protectionism: Theory and Evidence from China

Hanming Fang, Ming Li and Zenan Wu

22-030: Learning Through Repetition? A Dynamic Evaluation of Grade Retention in Portugal

Emilio Borghesan, Hugo Reis and Petra Todd

22-029: A New Test forMarket Efficiency and Uncovered Interest Parity

Richard Baillie, Francis Diebold, George Kapetanios and Kun Ho Kim

22-028: Assessing and Comparing Fixed-Target Forecasts of Arctic Sea Ice:Glide Charts for Feature-Engineered Linear Regression and Machine Learning Models

Francis Diebold, Maximilian Gobel and Philippe Goulet Coulombe

22-027: Distributional Effects of Local Minimum Wages: A Spatial Job Search Approach

Petra Todd and Weilong Zhang

22-026: A Stage-Based Identification of Policy Effects

Christian Alemán Pericón, Christopher Busch, Alexander Ludwig and Raul Santaeulalia-Llopis

22-025: Regional Employment Polarization in a Time of Crisis: The case of Interwar Britain

Ivan Luzardo-Luna

22-024: Late-childhood foundational cognitive skills predict educational outcomes through adolescence and into young adulthood: evidence from Ethiopia and Peru

Jennifer Lopez, Jere Behrman, Santiago Cueto, Marta Favara and Alan Sanchez

22-023: Neoclassical Growth with Limited Commitment

Dirk Krueger and Harald Uhlig

22-022: Social protection and foundational cognitive skills during adolescence: evidence from a large Public Works Programme

Richard Freund, Marta Favara, Catherine Porter and Jere Behrman

22-021: Housing Wealth and Online Consumer Behavior:Evidence from Xiong'an New Area in China

Hanming Fang, Long Wang and Yang Yang

22-020: Anti-Corruption Campaign and the Resurgence of the SOEs in China:Evidence from the Real Estate Sector

Hanming Fang, Jing Wu, Rongjie Zhang and Li-An Zhou

22-019: The impact of the JUNTOS conditional cash transfer programme on foundational cognitive skills: Does age of enrollment matter?

Douglas Scott, Jennifer Lopez, Alan Sanchez and Jere Behrman

22-018: Bayesian Persuasion: Reduced Form Approach

Juuso Toikka, Akhil Vohra and Rakesh Vohra

22-017: Information Spillovers and Sovereign Debt: Theory Meets the Eurozone Crisis

Harold Cole, Daniel Neuhann and Guillermo Ordonez

22-016: Does Schooling Improve Cognitive Abilities at Older Ages: Causal Evidence from Nonparametric Bounds

Vikesh Amin, Jere Behrman, Jason Fletcher, Carlos A. Flores, Alfonso Flores-Lagunes and Hans-Peter Kohler

22-015: Caution and Reference Effects

Simone Cerreia-Vioglio, David Dillenberger and Pietro Ortoleva

22-014: Substance Abuse during the Pandemic: Implications for Labor-Force Participation

Jeremy Greenwood, Nezih Guner and Karen Kopecky

22-013: Economic Theories and Their Dueling Interpretations

Itzhak Gilboa, Andrew Postlewaite, Larry Samuelsonl and David Schmeidler

22-012: On Robust Inference in Time Series Regression

Richard T. Baillie, Francis Diebold, George Kapetanios and Kun Ho Kim

22-011: When Will Arctic Sea Ice Disappear? Projections of Area, Extent, Thickness, and Volume

Francis Diebold, Glenn Rudebusch, Maximilian Gobel, Philippe Goulet Coulombe and Boyuan Zhang

22-010: (Near) Substitute Preferences and Equilibria with Indivisibilities

Thành Nguyen and Rakesh Vohra

22-009: Systemic Discrimination: Theory and Measurement

J. Aislinn Bohren, Peter Hull and Alex Imas

22-008: Economic Theory: Economics, Methods and Methodology

Itzhak Gilboa, Andrew Postlewaite, Larry Samuelsonl and David Schmeidler

22-007: Partial Default

Cristina Arellano, Xavier Mateos-Planas and Jose-Victor Rios-Rull

22-006: Procyclical Productivity in New Keynesian Models

Zhesheng Qiu and Jose-Victor Rios-Rull

22-005: The Downward Spiral

Jeremy Greenwood, Nezih Guner and Karen Kopecky

22-004: Private Private Information

Kevin He, Fedor Sandomirskiy and Omer Tamuz

22-003: Observability, Dominance, and Induction in Learning Models

Daniel Clark, Drew Fudenberg and Kevin He

22-002: A Benchmark Model for Fixed-Target Arctic Sea Ice Forecasting

Francis Diebold and Maximilian Gobel

22-001: Real-Time Real Economic Activity:Entering and Exiting the Pandemic Recession of 2020

Francis Diebold

21-029: Contagion and Equlilbria in Diversified Financial Networks

Victor Amelkin, Santosh Venkatesh and Rakesh Vohra