作者：Hoekstra, Mark; Puller, Steven L.; West, Jeremy
作者单位：Texas A&M University System; Texas A&M University College Station; National Bureau of Economic Research; University of California System; University of California Santa Cruz
摘要：The 2009 Cash for Clunkers program aimed to stimulate consumer spending in the new automobile industry, which experienced disproportionate reductions in demand and employment during the Great Recession. Exploiting program eligibility criteria in a regression discontinuity design, we show more than half of the subsidies went to households who would have purchased during the two-month program anyway; the rest accelerated sales by no more than eight months. Moreover, the program's fuel efficiency...
