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作者：HAUSMAN, N. A. O. M. I.; RAMOT-NYSKA, T. A. M. A. R.; ZUSSMAN, N. O. A. M.
作者单位：Hebrew University of Jerusalem; Bank of Israel
摘要：This paper provides evidence on the external benefits of homeownership among low-income populations. A natural experiment in Israel generated large changes in neighborhood homeownership rates while holding fixed the residents and housing stock, two primary sources of bias in traditional estimates. When public housing tenants are given the opportunity to buy their units, buyers increase labor supply. Effects are felt in the neighborhood: when homeownership rises by 10 pp, neighborhood home pric...
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作者：JONES, D. A. M. O. N.; MARINESCU, I. O. A. N. A.
作者单位：University of Chicago; University of Pennsylvania
摘要：Since 1982, all Alaskan residents have received a yearly cash dividend from the Alaska Permanent Fund. Using the Current Population Survey and a synthetic control method, this paper shows that the dividend had no effect on employment and increased part-time work by 1.8 percentage points (17 percent). A calibration of microeconomic and macroeconomic effects suggests that the empirical results are consistent with cash stimulating the local economy-a general equilibrium effect. Nontradable sector...
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作者：Weyl, E. Glen; Zhang, Anthony Lee
作者单位：Microsoft; University of Chicago
摘要：Many governments assign use licenses for natural resources, such as radio spectrum, fishing rights, and mineral extraction rights, through auctions or other market-like mechanisms. License design affects resource users' investment incentives as well as the efficiency of asset allocation. No existing license design achieves first-best outcomes on both dimensions. Long-term licenses give owners high investment incentives but impede reallocation to high-valued entrants. Short-term licenses improv...
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作者：Baron, E. Jason
作者单位：Duke University; National Bureau of Economic Research
摘要：This study examines the impacts of two distinct types of school spending on student outcomes. State-imposed revenue limits cap the total amount of revenue that a school district in Wisconsin can raise unless the district holds a referendum asking voters to exceed the cap. Importantly, Wisconsin law requires districts to hold separate referenda for operational and capital expenditures, which allows for estimating their independent effects. Leveraging close elections in a dynamic regression disc...
