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作者：Ribar, DC; Wilhelm, MO
作者单位：George Washington University; Purdue University System; Purdue University; Purdue University in Indianapolis
摘要：This study theoretically and empirically examines altruistic and joy-of-giving motivations underlying contributions to charitable activities. The theoretical analysis shows that in an economy with an infinitely large number of donors, impurely altruistic preferences lead to either asymptotically zero or complete crowd-out. The paper then establishes conditions on preferences that are sufficient to yield zero crowd-out in the limit. These conditions are fairly weak and quite plausible. An empir...
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作者：Strumpf, KS; Oberholzer-Gee, F
作者单位：University of North Carolina; University of North Carolina Chapel Hill; University of Pennsylvania
摘要：The economic theory of federalism is largely built around the premise that more heterogeneous preferences result in more decentralized policy making. Despite its prominence and importance, this central tenet of economic federalism has never been empirically evaluated. This paper presents the first formal test of the link between preference heterogeneity and endogenous policy decentralization using as a case study liquor control in the United States over the period 1934-70. The results are reas...
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作者：Vissing-Jorgensen, A
作者单位：University of Chicago; National Bureau of Economic Research
摘要：The paper presents empirical evidence based on the U. S. Consumer Expenditure Survey that accounting for limited asset market participation is important for estimating the elasticity of intertemporal substitution. Differences in estimates of the EIS between asset holders and non-asset holders are large and statistically significant. This is the case whether estimating the EIS on the basis of the Euler equation for stock index returns or the Euler equation for Treasury bills, in each case disti...
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作者：Baqir, R
作者单位：International Monetary Fund
摘要：Theories of government spending driven by a common-pool problem in the fiscal revenues pool predict that greater districting of a political jurisdiction raises the scale of government. This paper presents evidence on this and related predictions from a cross section of city governments in the United States. The main finding is that, when other plausible determinants of government spending are controlled for, greater districting leads to a considerably greater scale of government activity. The ...
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作者：Benhabib, J; Schmitt-Grohé, S; Uribe, M
作者单位：New York University; Rutgers University System; Rutgers University New Brunswick; University of Pennsylvania
摘要：Once the zero bound on nominal interest rates is taken into account, Taylor-type interest rate feedback rules give rise to unintended self-fulfilling decelerating inflation paths and aggregate fluctuations driven by arbitrary revisions in expectations. These undesirable equilibria exhibit the essential features of liquidity traps since monetary policy is ineffective in bringing about the government's goals regarding the stability of output and prices. This paper proposes several fiscal and mon...
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作者：Peters, M; Siow, A
作者单位：University of Toronto
摘要：This paper studies premarital parental investments in children's wealth, where spousal wealth is a public good in marriage. By investing in their children's wealth, parents increase the wealth of their children and the quality of the spouses that their children can marry. In large marriage markets, the hedonic return to investment internalizes all the external benefits of premarital investment in wealth so that the competitive equilibrium is efficient. Marriage market competition also increase...
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作者：Greenstone, M
作者单位：University of Chicago; National Bureau of Economic Research
摘要：This paper estimates the impacts of the Clean Air Act's division of counties into pollutant-specific nonattainment and attainment categories on measures of industrial activity obtained from 1.75 million plant observations from the Census of Manufactures. Emitters of the controlled pollutants in nonattainment counties were subject to greater regulatory oversight than emitters in attainment counties. The preferred statistical model for plant-level growth includes plant fixed effects, industry by...
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作者：DeCicca, P; Kenkel, D; Mathios, A
作者单位：University of Michigan System; University of Michigan; Cornell University
摘要：This paper reexamines whether higher cigarette taxes will substantially reduce youth smoking. We study the impact of taxes during exactly the period in adolescence in which most smokers start their habits. We find weak or nonexistent tax effects in models of the onset of smoking between eighth and twelfth grades, models of the onset of heavy smoking between eighth and twelfth grades, and discrete-time hazard models that include state fixed effects. We also provide a new perspective on the rela...
