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作者：Ketcham, Jonathan D.; Kuminoff, Nicolai V.; Powers, Christopher A.
作者单位：Arizona State University; Arizona State University-Tempe; Arizona State University; Arizona State University-Tempe; National Bureau of Economic Research; CMS Alliance to Modernize Healthcare; Centers for Medicare & Medicaid Services; CMS Alliance to Modernize Healthcare; Centers for Medicare & Medicaid Services
摘要：Consumers' enrollment decisions in Medicare Part D call be explained by Abaluck and Gruber's (2011) model of utility maximization with psychological biases or by a neoclassical version of their model that precludes such biases. We evaluate these competing hypotheses by applying nonparametric tests of utility maximization and model validation tests to administrative data. We find that 79 percent of enrollment decisions from 2006 to 2010 satisfied basic axioms of consumer theory under the assump...
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作者：Chandra, Amitabh; Finkelstein, Amy; Sacarny, Adam; Syverson, Chad
作者单位：Harvard University; National Bureau of Economic Research; Massachusetts Institute of Technology (MIT); Columbia University
摘要：The conventional wisdom for the health care sector is that idiosyncratic features leave little scope for market forces to allocate consumers to higher performance producers. However, we find robust evidence across several different conditions and performance measures that higher quality hospitals have higher market shares and grow more over time. The relationship between performance and allocation is stronger among patients who have greater scope for hospital choice, suggesting that patient de...
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作者：Campbell, John Y.
作者单位：Harvard University; National Bureau of Economic Research
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作者：Diaz, Delavane; Keller, Klaus
作者单位：Electric Power Research Institute (EPRI); Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
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作者：Friedman, Benjamin M.
作者单位：Harvard University
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作者：Fuster, Andreas; Zafar, Basit
作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York
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作者：Schoar, Antoinette; Zuo, Luo
作者单位：Massachusetts Institute of Technology (MIT); Cornell University
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作者：Hausman, Joshua K.
作者单位：University of Michigan System; University of Michigan; University of Michigan System; University of Michigan; National Bureau of Economic Research
摘要：Conventional wisdom has it that in the 1930s fiscal policy did not work because it was not tried. This paper shows that fiscal policy was tried in 1936. The veterans' bonus of 1936 paid 2 percent of GDP to 3.2 million veterans; the typical veteran received a payment equal to per capita income. Multiple sources, including a household consumption survey, show that veterans spent the majority of their bonus. Point estimates of the MPC are between 0.6 and 0.75. Spending was concentrated on cars an...
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作者：Cosar, A. Kerem; Guner, Nezih; Tybout, James
作者单位：Stockholm School of Economics; Autonomous University of Barcelona; ICREA; Barcelona School of Economics; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park; National Bureau of Economic Research
摘要：This paper explores the combined effects of reductions in trade frictions, tariffs, and firing costs on firm dynamics, job turnover, and wage distributions. It uses establishment-level data from Colombia to estimate an open economy dynamic model that links trade to job flows and wages. Counterfactual experiments imply that Colombia's integration with global product markets increased its national income at the expense of higher unemployment, greater wage inequality, and increased firm-level vol...
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作者：Feldman, Naomi E.; Katuscak, Peter; Kawano, Laura
作者单位：Federal Reserve System - USA; Prague University of Economics & Business; Charles University Prague; Czech Academy of Sciences; Economics Institute of the Czech Academy of Sciences; United States Department of the Treasury
摘要：We develop an empirical test for whether households understand or misperceive their marginal tax rate. Our identifying variation comes from the loss of the Child Tax Credit when a child turns 17. Using this age discontinuity, we find that despite this tax liability increase being lump-sum and predictable, households reduce their reported wage income upon discovering they have lost the credit. This finding suggests that households misinterpret at least part of this tax liability change as an in...
