R Castro… - International Economic Review, 2008 - Wiley Online Library
Castro, R. and Coen-Pirani, D.(2008), WHY HAVE AGGREGATE SKILLED HOURS
BECOME SO CYCLICAL SINCE THE MID-1980s?. International Economic Review, 49: 135–
185. doi: 10.1111/j. 1468-2354.2008. 00476. x
D Coen-Pirani - Journal of Monetary Economics, 2005 - Elsevier
This paper studies the effect of margin requirements on asset prices and trading volume in a
general equilibrium asset pricing model where Epstein–Zin investors differ in their degree of
risk aversion. Under the assumptions of unit intertemporal elasticity of substitution and ...
D Coen-Pirani - Journal of Monetary Economics, 2010 - Elsevier
The main cross-sectional and time-series properties of state-level gross and net worker
flows, wages, and rents are characterized using micro-data from the US Census. A dynamic
general equilibrium model of worker migration is introduced to explain the stylized facts. In ...
D Coen-Pirani, A León… - Labour Economics, 2010 - Elsevier
We estimate the effect of household appliance ownership on the labor force participation
rate of married women using micro-level data from the 1960 and 1970 US Censuses. In
order to identify the causal effect of home appliance ownership on married women's labor ...
E Carceles‐Poveda… - International Economic …, 2009 - Wiley Online Library
When markets are incomplete, shareholders typically disagree on the firm's optimal
investment plan. This article studies the shareholders' preferences with respect to the firm's
investment in a model with aggregate risk, incomplete markets and heterogeneous ...
D Coen-Pirani - Macroeconomic Dynamics, 2004 - Cambridge Univ Press
This paper studies the role played by differences in risk aversion in affecting the long-run
distribution of wealth across agents in the context of an endowment economy. The economy
is populated by two types of Epstein-Zin agents who differ only in their attitudes toward risk ...
D Coen-Pirani - American Economic Review, 2004 - JSTOR
In this paper I suggest a unified explanation for two puzzles in the inventory literature: first,
estimates of inventory speeds of adjustment in aggregate data are very small relative to the
apparent rapid reaction of stocks to unanticipated variations in sales. Second, estimates of ...
E Carceles-Poveda… - … Manuscript, SUNY Stony …, 2005 - papers.ssrn.com
Abstract: The implications of a context with household heterogeneity and incomplete
financial markets have been mostly studied under the assumption that households own the
physical capital and undertake the intertemporal investment decision. Further, firms rent ...
G Bertola… - Creation and Transfer of Knowledge: …, 1998 - books.google.com
This paper surveys the burgeoning macroeconomic literature which emphasizes the role of
education in models of growth and distribution, and reviews traditional partial equilibrium
approaches to the economics of education. Contemporary models of growth recognize ...
D Coen-Pirani - 2003 - Citeseer
Abstract In this paper I suggest a unified explanation for two puzzles in the inventory
literature: first, estimates of inventory speeds of adjustment in aggregate data are very small
relative to the apparent rapid reaction of stocks to unanticipated variations in sales. ...
D Coen-Pirani - 2004 Meeting Papers, 2004 - ideas.repec.org
When financial markets are incomplete, shareholders will in general disagree on the optimal
level of investment to be undertaken by the firm (Grossman and Hart, 1979). Macroeconomic
models with heterogeneous agents and incomplete markets (eg Krusell and Smith, 1998) ...
D Coen-Pirani… - 2007 - laboratoriorevelli.it
Abstract There are large differences in job creation and destruction rates among US states.
States characterized by faster net employment growth tend to display higher rates of job
creation and destruction. Moreover, cross-sectional differences in job creation rates are ...
[CITATION] Understanding Worker Gross Flows Across US States
D Coen-Pirani - 2007 - Working Paper, Carnegie Mellon …
R Castro… - 2001 - papyrus.bib.umontreal.ca
This paper proposes an explanation for why efficient reforms are not carried out when losers
have the power to block their implementation, even though compensating them is feasible.
We construct a signaling model with two-sided incomplete information in which a ...
[CITATION] A Note on the Effects of Differences in Risk Aversion on the Distribution of Wealth
D Coen-Pirani - 2002 - working paper, Carnegie Mellon …
[CITATION] pThe Effect of Household Ap'pliances on Female Labor Force Participation: Evidence from Micro Data, qmimeo
D Coen'Pirani, A León… - 2008 - Carnegie Mellon University, …
D Coen-Pirani - Journal of Public Economics, 2011 - Elsevier
The evolution of education spending in California has received plenty of attention from both
academics and practitioners after this state's education finance reform in the 1970's. This
paper quantifies the contribution of immigration to the relative decline in elementary and ...
[CITATION] Public Policy and College Attainment
R Castro… - 2011 - Mimeo
[CITATION] VWhy Have Aggregate Skilled Hours Become So Cyclical since the Mid&1980s? V
D Coen&Pirani… - International Economic Review
D Coen-Pirani - GSIA Working Papers, 2000 - ideas.repec.org
This paper studies the effect of margin requirements on asset prices, trading volume and
investors' welfare in a general equilibrium asset pricing model where investors differ in their
degree of risk aversion. In the stationary equilibrium of the model binding margin ...
R Castro… - International Economic Review, 2003 - Wiley Online Library
We propose an explanation for why efficient reforms are not carried out when losers can block
their implementation and compensations are feasible. In our model, a government tries to sequentially
implement two efficient reforms by bargaining with interest groups. The organization of ...
R Castro… - GSIA Working Papers, 2001 - ideas.repec.org
This paper proposes an explanation for why efficient reforms are not carried out when losers
have the power to block their implementation, even though compensating them is feasible.
We construct a signaling model with two-sided incomplete information in which a ...
J Brinkman, D Coen-Pirani… - 2010 - erwan.marginalq.com
Abstract We develop a new dynamic general equilibrium model of firm location choice that
can explain the observed sorting of firms by productivity and is consistent with the observed
entry, exit, and relocation decisions of firms within an urban economy. We discuss ...
D Coen-Pirani - GSIA Working Papers, 2001 - ideas.repec.org
Abstract This paper studies the role played by differences in risk-aversion in a affecting the
long-run distribution of wealth across agents in the context of a stochastic growth model with
complete markets. The economy is populated by two types of Epstein-Zin agents who ...
E Carceles-Poveda… - Review of Economic Dynamics, 2010 - Elsevier
Many recent papers in macroeconomics have studied the implications of models with
household heterogeneity and incomplete financial markets under the assumption that
households own the stock of physical capital and undertake the intertemporal investment ...
J Brinkman, D Coen-Pirani… - 2011 - cemfi.net
Abstract We develop a new dynamic general equilibrium model to explain firm entry, exit,
and relocation decisions in an urban economy with multiple locations. We characterize the
stationary distribution of firms that arises in equilibrium. The parameters of the model can ...
R Castro… - GSIA Working Papers - ideas.repec.org
If you experience problems downloading a file, check if you have the proper application to
view it first. Information about this may be contained in the File-Format links below. In case of
further problems read the IDEAS help page. Note that these files are not on the IDEAS site ...
J Brinkman, D Coen-Pirani… - 2011 - stanford.edu
Abstract We develop a new dynamic general equilibrium model to explain firm entry, exit,
and relocation decisions in an urban economy with multiple locations. We characterize the
stationary distribution of firms that arises in equilibrium. The parameters of the model can ...
SE Spear, D Coen-Pirani… - ideas.repec.org
This paper investigates the likelihood of factor-price equalization under the simple
assumptions of Heckscher-Ohlin Theory. Factor-price equalization is also directly related to
whether countries specialize or not in the global market. A full-equilibrium in the world ...
[CITATION] Public Policy, Technological Change, and the Evolution of Educational Attainment
D Coen-Pirani… - GSIA Working Papers - ideas.repec.org
In the macroeconomic literature, the implications of a context with household heterogeneity
and incomplete financial markets have been mostly studied under the assumption that
households own the physical capital and undertake the intertemporal investment decision. ...
J Brinkman, D Coen-Pirani… - 2010 - princeton.edu
Abstract We develop a new dynamic general equilibrium model of firm location choice that
can explain the observed sorting of firms by productivity and is consistent with the observed
entry, exit, and relocation decisions of firms within an urban economy. We discuss ...
Abstract This paper documents and discusses a dramatic change in the cyclical behavior of
aggregate hours worked by individuals with a college degree relative to GDP since the late
1980's. Using the CPS outgoing rotation data set for the period 1979-2003, we show how ...
[CITATION] Asset prices, asset trading, and margin requirements: and an essay on the political economy of reforms
DC Pirani - 2000 - University of Rochester. Department …
D Coen-Pirani - qed.econ.queensu.ca
Abstract This paper uses a dynamic general equilibrium model of migration to estimate the
cost of workers' geographic mobility across US metropolitan areas. Preliminary results
suggest that the cost of mobility corresponds to about 131 percent of the average wage in ...
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