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Job Search and Impatience

Journal of Labor Economics 2005 23(3), 527-588 open access
How does impatience affect job search? More impatient workers search less intensively and set a lower reservation wage. The effect on the exit rate from unemployment is unclear. In this paper we show that, if agents have exponential time preferences, the reservation wage effect dominates for sufficiently patient individuals, so increases in impatience lead to higher exit rates. The opposite is true for agents with hyperbolic time preferences: more impatient workers search less and exit unemployment later. Using two large longitudinal data sets, we find that various measures of impatience are negatively correlated with search effort and the exit rate from unemployment, and are orthogonal to reservation wages. Overall, impatience has a large effect on job search outcomes in the direction predicted by the hyperbolic discounting model.

Israel, the Palestinian Factions, and the Cycle of Violence

American Economic Review 2006 96(2), 45-49 open access
In this study we extend our previous work to examine the dynamic relationship between violence committed by Palestinian factions and that committed by Israel during the Second Intifada. We find a statistically significant relationship between Israeli fatalities claimed by groups associated with the ruling political party, Fatah, and subsequent Palestinian fatalities. We do not find a similar relationship for Israeli fatalities claimed by Hamas, Palestinian Islamic Jihad, and other Palestinian factions. We conjecture that these differences are due to the different positions of the factions vis-à-vis bargaining over a two-state solution to the conflict as well as the organizational structures of the factions.

Does Economics Make You Sexist?

The Review of Economics and Statistics 2025 107(5), 1247-1259 open access
We provide direct evidence on explicit and implicit biases against women among students in economics relative to other fields. We conducted a large scale survey among undergraduates in Chile, among both entering first-year students and students in years 2 and above, combining a wide battery of measures to create an index of gender bias. Economics students are more biased than students in other fields. There is some evidence that economics students are more biased already upon entry, before exposure to economics classes. The gap becomes more pronounced among students in years 2 and above, especially for male students.