80th Annual Meeting of the Academy of Management (AOM 2020)
Drawing on Social comparison and resource dilution theories, this study posits that sibling rivalry affects peoples’ decisions to enter self-employment through two mechanisms. First, sibling rivalry fosters individual competitiveness, which triggers people to choose occupations that involve competitive behaviors such as self- employment. Second, by diluting parental resources, sibling rivalry negatively influences educational attainment. This, in turn, can affect self-employment in a non-linear fashion; people with lower education may lack the cognitive ability needed for self-employment, while those with higher education may find it more economically attractive to pursue wage jobs. We also argue that these two mechanisms–educational attainment and nurturing competitiveness–are moderated by the gender of the focal individual as well as by the gender composition of her siblings. We find evidence for these mechanisms by analyzing data from a survey of 4,086 individuals in China."
Bulletin of Economic Research
In the literature on monetary economics, there is the ‘inflationary bias’ result which predicts that the rate of inflation will be biased towards a higher level under discretionary monetary policy than under a rule‐based policy regime. It is established that a credible nominal target can eliminate this ‘inflationary bias’. In this paper, we examine the case of nominal GDP targeting, which is a rule‐based monetary regime. Depending on the degree of conservativeness by the central bank, we show in a stylized model the choice of different combination of inflation and real GDP targets can still result in an ‘inflationary bias’, and there also exists the possibility of a ‘dis‐inflationary bias’.
nominal GDP targeting