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Register a new userCanonical Correlation and Assortative Matching: A Remark
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In the context of the Beckerian theory of marriage, when men and women match on a single-dimensional index that is the weighted sum of their respective multivariate attributes, many papers in the literature have used linear canonical correlation, and related techniques, in order to estimate these weights. We argue that this estimation technique is inconsistent and suggest some solutions.
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We investigate a model of one-to-one matching with transferable utility and general unobserved heterogeneity. Under a separability assumption that generalizes Choo and Siow (2006), we first show that the equilibrium matching maximizes a social gain function that trades off exploiting complementarities in observable characteristics and matching on unobserved characteristics. We use this result to derive simple closed-form formulae that identify the joint matching surplus and the equilibrium utilities of all participants, given any known distribution of unobserved heterogeneity. We provide efficient algorithms to compute the stable matching and to estimate parametr
Acemoglu and Johnson (2007) put forward the unprecedented view that health improvement has no significant effect on income growth. To arrive at this conclusion, they constructed predicted mortality as an instrumental variable based on the WHO international disease interventions to analyse this problem. I replicate the process of their research and eliminate some biases in their estimate. In addition, and more importantly, we argue that the construction of their instrumental variable contains a violation of the exclusion restriction of their instrumental variable. This negative correlation between health improvement and income growth still lacks an accurate causal explanation, according to which the instrumental variable they constructed increases reverse causality bias instead of eliminating it.
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Angelo Tartaglia (INAF
, Department of Applied Science andn Technology
, Politecnico di Torino
2019
It is still common wisdom amongst economists, politicians and lay people that economic growth is a necessity of our social systems, at least to avoid distributional conflicts. This paper challenges such belief moving from a purely physical theoretical perspective. It formally considers the constraints imposed by a finite environment on the prospect of continuous growth, including the dynamics of costs. As costs grow faster than production it is easy to deduce a final unavoidable global collapse. Then, analyzing and discussing the evolution of the unequal share of wealth under the premises of growth and competition, it is shown that the increase of inequalities is a necessary consequence of the premises.
The paper presents the results of a behavioral experiment conducted between February 2020 and March 2021 at Universit`a Cattolica del Sacro Cuore, Milan Campus in which students were matched to either a human or a humanoid robotic partner to play an iterated Prisoners Dilemma. The results of a Logit estimation procedure show that subjects are more likely to cooperate with human rather robotic partners; that are more likely to cooperate after receiving a dialogic verbal reaction following the realization of a sub-obtimal social outcome; that the effect of the verbal reaction is independent on the nature of the partner. Our findings provide new evidence on the effect of verbal communication in strategic frameworks. Results are robust to the exclusion of students of Economics related subjects, to the inclusion of a set of psychological and behavioral controls, to the way subjects perceive robots behavior and to potential gender biases in human-human interactions.
Migration the main process shaping patterns of human settlement within and between countries. It is widely acknowledged to be integral to the process of human development as it plays a significant role in enhancing educational outcomes. At regional and national levels, internal migration underpins the efficient functioning of the economy by bringing knowledge and skills to the locations where they are needed. It is the multi-dimensional nature of migration that underlines its significance in the process of human development. Human mobility extends in the spatial domain from local travel to international migration, and in the temporal dimension from short-term stays to permanent relocations. Classification and measurement of such phenomena is inevitably complex, which has severely hindered progress in comparative research, with very few large-scale cross-national comparisons of migration. The linkages between migration and education have been explored in a separate line of inquiry that has predominantly focused on country-specific analyses as to the ways in which migration affects educational outcomes and how educational attainment affects migration behaviour. A recurrent theme has been the educational selectivity of migrants, which in turn leads to an increase of human capital in some regions, primarily cities, at the expense of others. Questions have long been raised as to the links between education and migration in response to educational expansion, but have not yet been fully answered because of the absence, until recently, of adequate data for comparative analysis of migration. In this paper, we bring these two separate strands of research together to systematically explore links between internal migration and education across a global sample of 57 countries at various stages of development, using data drawn from the IPUMS database.
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