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作者：Kreiner, Claus Thustrup; Lassen, David Dreyer; Leth-Petersen, Soren
作者单位：University of Copenhagen
摘要：The marginal interest rate is the price at which a household can access additional liquidity. Consumption theory posits that variation in marginal interest rotes across consumers predicts differences in the propensity to spend a stimulus payment. This hypothesis is tested in the context of a Danish 2009 stimulus policy that transformed illiquid pension wealth into liquid wealth. Marginal interest rates ore constructed from administrative records with account level information and merged with s...
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作者：Chevalier, Judith A.; Kashyap, Anil K.
作者单位：Yale University; National Bureau of Economic Research; University of Chicago; Bank of England
摘要：This paper proposes a method for aggregating prices when retailers use periodic sales to price-discriminate amongst heterogeneous customers. In the motivating model, loyal customers buy one brand and do not strategically time purchases, while Bargain Hunters always pay the lowest price available, the best price. In the model, the best price is part of an exact price index. Accounting for the best price also substantially improves the empirical match between conventional price aggregation strat...
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作者：Dafny, Leemore
作者单位：Harvard University; National Bureau of Economic Research
摘要：There is limited empirical evidence about the impact of for-profit health insurers on various outcomes. I study the effects of conversions to for-profit status by Blue Cross and Blue Shield (BCBS) affiliates in 11 states, spanning 28 geographic markets. I find both the BCBS affiliate and its rivals increased premiums following conversions in markets where the converting affiliate had substantial market share. Medicaid enrollment rates also increased in these markets, a pattern consistent with ...
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作者：Guceri, Irem; Liu, Li
作者单位：University of Oxford; International Monetary Fund
摘要：We exploit a 2008 UK policy reform that increased the tax incentives for R&D in medium-sized enterprises relative to large ones, to over-come the endogeneity of exposure to such tax credits. We estimate a difference-in-difference design on the universe of corporation tax filings in the United Kingdom., combined with. other datasets. We find a positive and significant impact of tax credits for R&D, implying a user-cost elasticity estimate of around 1.6. This magnitude implies around $1 in addit...
