Zobrazeno 1 - 10
of 43
pro vyhledávání: '"Claudio Michelacci"'
Publikováno v:
American Economic Review
With inefficient bureaucratic institutions, the effects of laws are hard to assess and incompetent politicians may pass laws to build a reputation as skillful reformers. Since too many laws curtail bureaucratic efficiency, this mechanism can generate
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::ba19b993851458762df8a4774be913ed
https://doi.org/10.1257/aer.20190672
https://doi.org/10.1257/aer.20190672
Publikováno v:
The Review of Economic Studies. 89:909-947
About half of the change in U.S. non-durable consumption expenditure is due to changes in the products entering households’ consumption basket (the extensive margin). Changes in the basket are driven by fluctuations in the rate at which households
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::d5d7b6b8d046d51fce6408b5ba457793
https://doi.org/10.1093/restud/rdab041
https://doi.org/10.1093/restud/rdab041
Autor:
Luigi Paciello, Claudio Michelacci
Publikováno v:
The Review of Economic Studies
We study the effects of monetary announcements when agents face Knightian uncertainty about the commitment capacity of the monetary authority. Households are ambiguity averse and differentially exposed to inflation due to differences in wealth. In re
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::42fd50e48b9fef4ce292e761c3538619
Autor:
Josep Pijoan-Mas, Claudio Michelacci
Publikováno v:
Journal of Economic Theory. 163:110-140
We consider a competitive equilibrium growth model where technological progress is embodied into new jobs which are assigned to workers of different skills. In every period workers decide whether to actively participate in the labor market and if so
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d45d42ad09d0d3308b4cf085fd63d43e
https://doi.org/10.1016/j.jet.2016.01.004
https://doi.org/10.1016/j.jet.2016.01.004
Autor:
Claudio Michelacci, Fabiano Schivardi
Publikováno v:
Labour Economics. 67:101933
We calculate the average yearly income obtained by entrepreneurs during their venture using the Survey of Consumer Finances since the late 1980s. We find that the premium for postgraduate education has increased substantially more for entrepreneurs t
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8f201a92622d97a0571165140d37ff88
https://doi.org/10.1016/j.labeco.2020.101933
https://doi.org/10.1016/j.labeco.2020.101933
Autor:
Hernán Ruffo, Claudio Michelacci
Publikováno v:
American Economic Review. 105:816-859
We argue that US welfare would rise if unemployment insurance were to be increased for young workers and decreased for old. This is because young workers have little means to smooth consumption during unemployment, and want jobs to accumulate high-re
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8528d2d5a313387309f8a721d4229c70
https://doi.org/10.1257/aer.20111559
https://doi.org/10.1257/aer.20111559
Autor:
Claudio Michelacci, Fabiano Schivardi
Publikováno v:
SSRN Electronic Journal.
We rely on the Survey of Consumer Finances to study the return to education of US entrepreneurs since the late 1980s. We calculate the average yearly income that an entrepreneur expects to obtain during his venture, combining labor income, dividend p
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_________::d3a0deee50756945296ac54754b2673a
https://doi.org/10.2139/ssrn.3035938
https://doi.org/10.2139/ssrn.3035938
Autor:
Claudio Michelacci, Fabiano Schivardi
Publikováno v:
Journal of the European Economic Association. 11:343-368
Several imperfections can prevent entrepreneurs from diversifying away the idiosyncratic risk of their business. As a result idiosyncratic risk discourages entrepreneurial activity and hinders growth, with the effects being stronger in economies with
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::8d922255322d57537ba99bdc49c3eadf
https://doi.org/10.1111/jeea.12007
https://doi.org/10.1111/jeea.12007
Publikováno v:
The Economic Journal. 123:515-539
Article first published online on October 10, 2012 We analyse how unemployment, job-finding and job-separation rates react to neutral and investment-specific technology shocks. Neutral shocks increase unemployment and explain a substantial portion of
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::a4fbfd0a6c97fd144757fb82c3e9a082
https://doi.org/10.1111/j.1468-0297.2012.02548.x
https://doi.org/10.1111/j.1468-0297.2012.02548.x
Autor:
Josep Pijoan-Mas, Claudio Michelacci
Publikováno v:
The Review of Economic Studies. 79(3):899-931
Starting in the 1970's, wage inequality and the number of hours worked by employed U.S. prime-age male workers have both increased. We argue that these two facts are related. We use a labour market model with on-the-job search where by working longer
Externí odkaz:
https://explore.openaire.eu/search/publication?articleId=doi_dedup___::6408a00c56806cf21ff25df4722bcb38
http://hdl.handle.net/10.1093/restud/rdr042
http://hdl.handle.net/10.1093/restud/rdr042