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作者：Allcott, Hunt; Cohen, Daniel; Morrison, William; Taubinsky, Dmitry
作者单位：Stanford University; National Bureau of Economic Research; Northwestern University; Cornerstone Research; University of California System; University of California Berkeley
摘要：We use public finance sufficient statistic approaches to characterize the welfare effects of nudges, such as simplified information and warning labels, in markets with taxes and endogenous prices. While many studies focus on average effects, we show that welfare also depends on how the nudge affects the variance of choice distortions, and average effects become irrelevant with zero pass-through or optimal taxes. We implement the framework with experiments evaluating automotive fuel economy lab...
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作者：Choukhmane, Taha; Goodman, Lucas; O'Dea, Cormac
作者单位：Massachusetts Institute of Technology (MIT); United States Department of the Treasury; Yale University
摘要：We study how couples allocate retirement-saving contributions across each spouse's account. In a new dataset covering over a million US individuals, we find retirement contributions are not allocated to the account with the highest employer match rate. This lack of coordination-which goes against the assumptions of most models of household decision-making-is common, costly, persistent over time, and cannot be explained by inertia, auto-enrollment, or simple heuristics. Complementing the admini...
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作者：Lyubich, Eva
摘要：There is substantial spatial heterogeneity in household carbon emissions. I leverage movers in two decades of administrative Decennial Census and American Community Survey data to estimate place effects-the amount by which carbon emissions change for the same household living in different places-for almost 1,000 cities and roughly 61,500 neighborhoods across the United States. I estimate that place effects account for 14-23 percent of overall heterogeneity. A change in neighborhood-level place...
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作者：Einav, Liran; Klopack, Ben; Mahoney, Neale
作者单位：Stanford University; National Bureau of Economic Research; Texas A&M University System; Texas A&M University College Station
摘要：We study one benefit to firms of selling subscriptions: the prospect that consumers will continue to pay for subscriptions they no longer value. We use comprehensive data from a large payment card network to document that months during which cards are replaced, when active renewal is required, are associated with much higher rates of cancellation. Using two stylized models of consumer inertia-driven by inattention or switching costs-we estimate that these cancellation frictions roughly double ...
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作者：Humlum, Anders; Munch, Jakob R.; Plato, Pernille
作者单位：University of Chicago
摘要：We provide the first evidence on how workers invest in human capital after losing ability. Using quasi-random work accidents in Danish administrative data, we find that workers enroll in bachelor's programs after physical injuries, pursuing degrees that build on their past training and experience. Exploiting institutional differences in the stackability of degrees, we find that higher education moves injured workers from disability benefits to full-time employment, earning 25 percent more than...
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作者：Starc, Amanda; Wollmann, Thomas g.
作者单位：Northwestern University; National Bureau of Economic Research; University of Chicago
摘要：Entry represents a fundamental threat to cartels. We study the extent and effect of this behavior in the largest price-fixing case in US history, which involves generic drug manufacturing. We link information on the cartel's internal operations to regulatory filings and market data. There is a substantial increase in entry after cartel formation, but regulatory approvals delay most entrants by two to four years. We estimate a structural model and simulate counterfactual equilibria. Absent entr...
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作者：Currie, Janet
摘要：The child mental health crisis has been described as the defining public health crisis of our time. This article addresses three myths about the crisis: (i) the idea that the crisis is new; (ii) the belief that increases in youth suicide mainly reflect deterioration in children's underlying mental health; and (iii) the myth that investments in children have little impact on children's mental health. In fact, the crisis has existed for decades, youth suicides vary asynchronously with other ment...
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作者：Costantini, Sydney
作者单位：University of California System; University of California Berkeley
摘要：With a growing mental health crisis and a shortage of behavioral health specialists, those seeking mental health treatment often face long wait times to obtain care. I study how clinic congestion affects mortality for veterans experiencing mental health emergencies. I find that longer waiting times make it more likely that patients miss their follow-up mental health visit, consequently increasing the probability that they permanently disengage from care. A 1 standard deviation increase in wait...
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作者：Maccheroni, Fabio; Marinacci, Massimo; Wang, Ruodu; Wu, Qinyu
作者单位：Bocconi University; University of Waterloo
摘要：We provide a new foundation of risk aversion by showing that this attitude is fully captured by the propensity to seize insurance opportunities. In our main results, we first characterize Arrow-Pratt (1963-1964) risk aversion in terms of propensity to full insurance and the stronger notion of risk aversion of Rothschild and Stiglitz (1970) in terms of propensity to partial insurance. We then extend the analysis to comparative risk aversion by showing that the classical notion of Yaari (1969) c...
