Recent Submissions

  • A continuous consumer price index for Norway 1492-2017 

    Grytten, Ola Honningdal (DP SAM;26/2018, Working paper, 2018-11)
    This manuscript presents a new combined annual cost of living and consumer price index for Norway covering the period 1492-2017. When previous Norwegian historical consumer price indices partly were constructed on the basis ...
  • Why 1990 international Geary-Khamis dollars cannot be a foundation for reliable long run comparisons of GDP 

    Liam, Brunt; Antonio Fidalgo (DP SAM;25/2018, Working paper, 2018-11)
    Using a large, new dataset of agricultural prices and quantities for many countries and regions, we create five new international Geary-Khamis pounds – for 1870, 1845, 1775, 1705, and a superior chained series. We show ...
  • Accountability and taxation: Experimental evidence 

    Sjursen, Ingrid Hoem (DP SAM;24/2018, Working paper, 2018-11)
    The Rentier State Hypothesis states that taxation promotes government accountability. The argument is that citizens demand more accountability for spending of tax revenue than for spending of windfall revenue (e.g., natural ...
  • The Poking Effect: Price Changes, Information, and Inertia in the Market for Mobile Subscriptions 

    Reme, Bjørn-Atle; Røhr, Helene Lie; Sæthre, Morten (DP SAM;23/2018, Working paper, 2018-11)
    We study consumer inertia in the mobile subscription market, focusing on the decision of whether to switch to a competing provider. To identify the extent of inertia, we exploit price changes faced by 270,000 consumers of ...
  • On the perils of stabilizing prices when agents are learning 

    Mele, Antonio; Molnar, Krisztina; Santoro, Sergio (DP SAM;22/2018, Working paper, 2018)
    The main advantage of price level stabilization compared with in ation stabilization rests on the central bank's ability to shape expectations. We show that stabilizing prices is no longer optimal when the central bank ...
  • Euler Equations, Subjective Expectations and Income Shocks 

    Attanasio, Orazio; Kovacs, Agnes; Molnar, Krisztina (DP SAM;21/2018, Working paper, 2018)
    In this paper, we make three substantive contributions: first, we use elicited subjective income expectations to identify the levels of permanent and transitory income shocks in a life-cycle framework; second, we use these ...
  • Quality Regulation and Competition: Evidence from Pharmaceutical Markets 

    Atal, Juan Pablo; Cuesta, José Ignacio; Sæthre, Morten (DP SAM;20/2018, Working paper, 2018-09)
    We study the effects of quality regulation on market outcomes by exploiting the staggered phase-in of bioequivalence requirements for generic drugs in Chile. We estimate that the number of drugs in the market decreased by ...
  • Breaking the Links: Natural Resource Booms and Intergenerational Mobility 

    Bütikofer, Aline; Dalla-Zuanna, Antonio; Salvanes, Kjell G. (DP SAM;19/2018, Working paper, 2018-09)
    Do large economic shocks increase intergenerational earnings mobility through creating new economic opportunities? Alternatively, do they reduce mobility by reinforcing the links between generations? In this paper, we ...
  • An analysis of the two-bidder all-pay auction with common values 

    Chi, Chang Koo (DP SAM;17/2018, Working paper, 2018-08)
    This paper studies a symmetric two-bidder all-pay auction where the bidders compete for a prize whose unknown common value is either high or low. The bidders’ private signals (or types) are discrete and affiliated through ...
  • Second-best fairness under limited information: The trade-off between false positives and false negatives 

    Cappelen, Alexander W.; Cappelen, Cornelius; Tungodden, Bertil (DP SAM;18/2018, Working paper, 2018-08)
    In many important economic settings, limited information makes it impossible for decision makers to ensure that each individual gets what he or she deserves. Decision makers are then faced with the trade-off between giving ...
  • The Supply of Skill and Endogenous Technical Change: Evidence From a College Expansion Reform 

    Carneiro, Pedro; Liu, Kai; Salvanes, Kjell G. (DP SAM;16/2018, Working paper, 2018-08)
    We examine the labor market consequences of an exogenous increase in the supply of skilled labor in several cities in Norway, resulting from the construction of new colleges in the 1970s. We find that skilled wages ...
  • Incarceration Spillovers in Criminal and Family Networks 

    Bhuller, Manudeep; Dahl, Gordon B.; Løken, Katrine V.; Mogstad, Magne (DP SAM;15/2018, Working paper, 2018-08)
    Using quasi-random assignment of criminal cases to judges, we estimate large incarceration spillovers in criminal and brother networks. When a defendant is sent to prison, there are 51 and 32 percentage point reductions ...
  • Incarceration, Recidivism and Employment. 

    Bhuller, Manudeep; Dahl, Gordon B.; Løken, Katrine V.; Mogstad, Magne (DP SAM;14/2018, Working paper, 2018-06)
    Understanding whether, and in what situations, time spent in prison is criminogenic or preventive has proven challenging due to data availability and correlated unobservables. This paper overcomes these challenges in the ...
  • Time-Dependency in Producers’ Price Adjustments: Evidence from Micro Panel Data. 

    Nilsen, Øivind Anti; Pettersen, Per Marius; Bratlie, Joakim (DP SAM;12/2018, Working paper, 2018-06)
    Existing micro evidence of firms’ price changes tends to show a downward sloping hazard rate – the longer the price of a product has remained the same, the less likely it is that the price will change. Using a panel of ...
  • Public R&D Support and Firms’ Performance A Panel Data Study. 

    Nilsen, Øivind Anti; Raknerud, Arvid; Iancu, Diana-Cristina (DP SAM;13/2018, Working paper, 2018-06)
    We analyse all the major sources of direct and indirect R&D subsidies in Norway in the period 2002-2013 and compare their effects on individual firms’ performance. Firms that received support are matched with a control ...
  • Ambiguity Attitudes in the Loss Domain: Decisions for Self versus Others. 

    Xu, Yilong; Xu, Xiaogeng; Tucker, Peter (DP SAM;11/2018, Working paper, 2018-05)
    We study whether people’s ambiguity attitudes differ when deciding for themselves or for others in the loss domain. We find no differences in ambiguity attitudes between self- and other-regarding decision-making. Our results ...
  • The (un)compromise effect 

    Ekström, Mathias (DP SAM;10/2018, Working paper, 2018-05)
    The compromise effect—i.e., the preference for the middle option—is an established bias in behavioral economics, but has not been experimentally validated in the field. In the current study I test the compromise effect ...
  • The Role of Parenthood on the Gender Gap among Top Earners 

    Bütikofer, Aline; Jensen, Sissel; Salvanes, Kjell G. (DP SAM;9/2018, Working paper, 2018-04)
    Is the wage penalty due to motherhood larger among highly qualified women? In this paper, we study the effect of parenthood on the careers of high-achieving women relative to high-achieving men in a set of high-earning ...
  • Fairness in Winner-Take-All Markets 

    Bartling, Björn; Cappelen, Alexander W.; Ekström, Mathias; Sørensen, Erik Ø.; Tungodden, Bertil (DP SAM;8/2018, Working paper, 2018-04)
    The paper reports the first experimental study on people’s fairness views on extreme income inequalities arising from winner-take-all reward structures. We find that the majority of participants consider extreme income ...
  • Relational Incentive Contracts and Performance Measurement. 

    Chi, Chang Koo; Olsen, Trond E. (DP SAM;7/2018, Working paper, 2018-04)
    This paper analyzes relational contracts under moral hazard. We first show that if the available information (signal) about effort satisfies a generalized monotone likelihood ratio property, then irrespective of whether ...

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