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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：Robalino, Nikolaus; Robson, Arthur
作者单位：Rochester Institute of Technology; Simon Fraser University
摘要：This paper investigates the evolutionary foundation for our ability to attribute preferences to others, an ability that is central to conventional game theory. We argue here that learning others' preferences allows individuals to efficiently modify their behavior in strategic environments with a persistent element of novelty. Agents with the ability to learn have a sharp, unambiguous advantage over those who are less sophisticated because the former agents extrapolate to novel circumstances in...
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作者：Blinder, Alan S.; Watson, Mark W.
作者单位：Princeton University; Princeton University
摘要：The US economy has performed better when the president of the United States is a Democrat rather than a Republican, almost regardless of how one measures performance. For many measures, including real GDP growth (our focus), the performance gap is large and significant. This paper asks why. The answer is not found in technical time series matters nor in systematically more expansionary monetary or fiscal policy under Democrats. Rather, it appears that the Democratic edge stems mainly from more...
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作者：Chetty, Raj; Hendren, Nathaniel; Katz, Lawrence F.
作者单位：Stanford University; Harvard University; National Bureau of Economic Research
摘要：The Moving to Opportunity (MTO) experiment offered randomly selected families housing vouchers to move from high-poverty housing projects to lower-poverty neighborhoods. We analyze MTO's impacts on children's long-term outcomes using tax data. We find that moving to a lower-poverty neighborhood when young (before age 13) increases college attendance and earnings and reduces single parenthood rates. Moving as an adolescent has slightly negative impacts, perhaps because of disruption effects. Th...
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作者：Schneider, Henry S.
作者单位：Cornell University
摘要：The prices of auctions on eBay often exceed eBay's fixed-price BuyIt-Now prices. I investigate the causes of this overbidding, focusing on the interpretation in Malmendier and Lee (2011) that the observed overbidding cannot be explained without allowing for nonstandard preferences or beliefs and that the strongest direct evidence points to limited attention. Using data from their study and new data from eBay, I provide evidence that a key condition for identifying nonstandard behavior may not...
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作者：Aizer, Anna; Eli, Shari; Ferrie, Joseph; Lleras-Muney, Adriana
作者单位：Brown University; National Bureau of Economic Research; University of Toronto; Northwestern University; University of California System; University of California Los Angeles
摘要：We estimate the long-run impact - of cash transfers to poor families on children's longevity, educational attainment, nutritional slams, and income in adulthood. To do so, we collected individual-level administrative records of applicants to the Mothers' Pension program the first government-sponsored welfare program in the United States (1911-1935) and matched them to census, WWII, and death records. Male children of accepted applicants lived one year longer than those of rejected mothers. The...
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作者：Kline, Patrick; Tartari, Melissa
作者单位：University of California System; University of California Berkeley; University of Chicago
摘要：We study the short-term impact of Connecticut's Jobs First welfare reform experiment on women's labor supply and welfare participation decisions. A nonparametric optimizing model is shown to restrict the set of counterfactual choices compatible with each woman's actual choice. These revealed preference restrictions yield informative bounds on the frequency of several intensive and extensive margin responses to the experiment. We find that welfare reform induced many women to work but led some ...
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作者：Hoynes, Hilary; Schanzenbach, Diane Whitmore; Almond, Douglas
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research; Northwestern University; Columbia University
摘要：We examine the impact of a positive and policy-driven change in economic resources available in utero and during childhood. We focus on the introduction of the Food Stamp Program, which was rolled out across counties between 1961 and 1975. We use the Panel Study of Income Dynamics to assemble unique data linking family background and county of residence in early childhood to adult health and economic outcomes. Our findings indicate access to food stamps in childhood leads to a significant redu...
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作者：Atkin, David
作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
摘要：Anthropologists have documented substantial and persistent differences in food preferences across social groups. My paper asks whether such food cultures can constrain caloric intake? I first document that interstate migrants within India consume fewer calories per rupee of food expenditure compared to their neighbors. Second, I show that migrants bring their origin-state food preferences with them. Third, I link these findings by showing that the gap in caloric intake between locals and migra...
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作者：Barbera, Salvador; Berga, Dolors; Moreno, Bernardo
作者单位：Autonomous University of Barcelona; Barcelona School of Economics; Universitat de Girona
摘要：Many salient rules to allocate private goods are not only strategy-proof, but also group strategy-proof, in appropriate domains of definition, hence diminishing the traditional conflict between incentives and efficiency. That is so for solutions to matching, division, cost sharing, house allocation, and auctions, in spite of the substantive disparity between these cases. In a general framework encompassing all of them, we prove that the equivalence between the two forms of strategy-proofness i...
