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作者：Fell, Harrison; Kaffine, Daniel T.; Novan, Kevin
作者单位：North Carolina State University; University of Colorado System; University of Colorado Boulder; University of California System; University of California Davis
摘要：We examine how transmission congestion alters the environmental benefits provided by renewable generation. Using hourly data from the Texas and midcontinent electricity markets, we find that relaxing transmission constraints between the wind-rich areas and the demand centers of the respective markets conservatively increases the nonmarket value of wind by 30 percent for Texas and 17 percent for midcontinent markets. Much of this increase in the nonmarket value arises from a redistribution in w...
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作者：Gruber, Jonathan; Jensen, Amalie; Kleven, Henrik
作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; University of Copenhagen; Princeton University
摘要：Using a major reform that scaled back the mortgage interest deduction for middle- and high-income households in Denmark, we study how tax subsidies affect housing decisions. We present four main findings. First, the mortgage deduction has a precisely estimated zero effect on homeownership for high- and middle-income households. Second, the mortgage deduction has a clear effect on housing demand at the intensive margin, inducing homeowners to buy larger and more expensive houses. Third, the ded...
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作者：Mukherjee, Anita
作者单位：University of Wisconsin System; University of Wisconsin Madison
摘要：This paper examines the impact of private prison contracting by exploiting staggered prison capacity shocks in Mississippi. Motivated by a model based on the typical private prison contract that pays a per diem for each occupied bed, the empirical analysis shows that private prison inmates serve 90 additional days. This is alternatively estimated as 4.8 percent of the average sentence. The delayed release erodes half of the cost savings offered by private contracting and is linked to the great...
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作者：Colas, Mark; Hutchinson, Kevin
作者单位：University of Oregon; Uber Technologies, Inc.
摘要：We study the geographic incidence and efficiency of an income tax by estimating a spatial equilibrium model with heterogeneous workers. The US income tax shifts households out of high-productivity cities, leading to locational inefficiency of 0.25 percent of output. Removing spatial tax distortions increases inequality because more educated households are more mobile and own larger shares of land. Flattening the tax schedule, or introducing cost-of-living adjustments or local wage adjustments ...
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作者：Lurie, Ithai Z.; Sacks, Daniel W.; Heim, Bradley
作者单位：Indiana University System; Indiana University Bloomington; IU Kelley School of Business; Indiana University System; Indiana University Bloomington
摘要：We estimate the effect of the ACA's individual mandate on insurance coverage using regression discontinuity and regression kink designs with tax return data. We have four key results. First, the actual penalty paid per uninsured month is less than half the statutory amount. Second, nonetheless, we find visually clear and statistically significant responses to both extensive margin exposure to the mandate and to marginal increases in the mandate penalty. Third, we find substantial heterogeneity...
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作者：Agarwal, Sumit; Qian, Wenlan; Zou, Xin
作者单位：National University of Singapore; National University of Singapore; Hong Kong Baptist University
摘要：Using a large, representative sample of credit and debit card transactions in Singapore, this paper studies the consumption response of individuals whose same-building neighbors experienced personal bankruptcy. The unique bankruptcy rules in Singapore suggest liquidity shocks drive personal bankruptcy decisions, leading to a substantial drop in consumption for the bankrupt. Peers' monthly card consumption decreases by 3.4 percent over the 1-year postbankruptcy period. There exists no consumpti...
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作者：Zwick, Eric
作者单位：University of Chicago; National Bureau of Economic Research
摘要：Does tax code complexity alter corporate behavior? We investigate this question by studying the decision to claim refunds for tax losses. In a sample of 1.2 million observations from the population of corporate tax returns, only 37 percent of eligible firms claim their refund. A simple cost-benefit analysis of the tax loss choice cannot explain low take-up, motivating an exploration of how complexity alters this calculation. Research designs exploiting tax preparer switches, deaths, and reloca...
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作者：Bernecker, Andreas; Boyer, Pierre C.; Gathmann, Christina
作者单位：Institut Polytechnique de Paris; Ecole Polytechnique; ENSAE Paris; Center for Economic & Policy Research (CEPR); Leibniz Association; Ifo Institut; IZA Institute Labor Economics; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW)
摘要：How do governors' reelection motives affect policy experimentation? We develop a theoretical model of this situation, and then test the predictions in data on US-state-level welfare reforms from 1978 to 2007. This period marked the most dramatic shift in social policy since the New Deal. Our findings indicate that governors with strong electoral support are less likely to experiment than governors with little support. Yet, governors who cannot be reelected actually experiment more than governo...
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作者：Eizenberg, Alon; Lach, Saul; Oren-Yiftach, Merav
作者单位：Hebrew University of Jerusalem; Centre for Economic Policy Research - UK
摘要：This study examines grocery price differentials across neighborhoods in a large metropolitan area (the city of Jerusalem, Israel). Important variation in access to affordable grocery shopping is documented using CPI data on prices and neighborhood-level credit card expenditure data. Residents of peripheral, nonaffluent neighborhoods are charged some of the highest prices in the city and yet display a low tendency to shop outside their neighborhood. In contrast, residents of affluent, centrally...
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作者：Anh D M Nguyen; Onnis, Luisanna; Rossi, Raffaele
作者单位：Bank of Lithuania; Vilnius University; University of Huddersfield; University of Manchester
摘要：This paper estimates the effects of exogenous changes in income and consumption taxes. The tax shocks are proxied with a narrative account of tax liability changes in the United Kingdom. Income tax cuts have large effects on GDP, private consumption, and investment. The effects of consumption tax cuts are modest and not statistically significant on GDP and its components. Shifting the burden of taxation from income to consumption is expansionary. Consistent with conventional public finance the...
