作者：Agarwal, Sumit; Liu, Chunlin; Souleles, Nicholas S.
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Chicago; Nevada System of Higher Education (NSHE); University of Nevada Reno; University of Pennsylvania; National Bureau of Economic Research
摘要：We use a new panel data set of credit card accounts to analyze how consumers responded to the 2001 federal income tax rebates. We estimate the monthly response of credit card payments, spending, and debt, exploiting the unique, randomized timing of the rebate disbursement. We find that, on average, consumers initially saved some of the rebate, by increasing their credit card payments and thereby paying down debt. But soon afterward their spending increased, counter to the permanent income mode...
作者：Fisman, Raymond; Miguel, Edward
作者单位：Columbia University; National Bureau of Economic Research; University of California System; University of California Berkeley
摘要：We study cultural norms and legal enforcement in controlling corruption by analyzing the parking behavior of United Nations officials in Manhattan. Until 2002, diplomatic immunity protected UN diplomats from parking enforcement actions, so diplomats' actions were constrained by cultural norms alone. We find a strong effect of corruption norms: diplomats from high-corruption countries (on the basis of existing survey-based indices) accumulated significantly more unpaid parking violations. In 20...
