The American Economic Review

最新文章

• Does Welfare Inhibit Success? The Long-Term Effects of Removing Low-Income Youth from the Disability Rolls AI翻译
  作者：Deshpande, Manasi
  作者单位：University of Chicago
  摘要：I estimate the effects of removing low-income youth with disabilities from Supplemental Security Income (SSI) on their earnings and income in adulthood. Using a regression discontinuity design based on a 1996 policy change in age 18 medical reviews, I find that youth who are removed from SSI at age 18 recover one-third of the lost SSI cash income in earnings. SSI youth who are removed and stay off SSI earn on average $4,400 annually, and they lose $76,000 in present discounted observed income ...
• Adverse Selection and Auction Design for Internet Display Advertising AI翻译
  作者：Arnosti, Nick; Beck, Marissa; Milgrom, Paul
  作者单位：Stanford University; Charles River Associates; Stanford University
  摘要：We model an online display advertising environment in which performance advertisers can measure the value of individual impressions, whereas brand advertisers cannot. If advertiser values for ad opportunities are positively correlated, second-price auctions for impressions can be inefficient and expose brand advertisers to adverse selection. Bayesian-optimal auctions have other drawbacks: they are complex, introduce incentives for false-name bidding, and do not resolve adverse selection. We in...
• Dynamic Delegation of Experimentation AI翻译
  作者：Guo, Yingni
  作者单位：Northwestern University
  摘要：I study a dynamic relationship where a principal delegates experimentation to an agent. Experimentation is modeled as a one-armed bandit that yields successes following a Poisson process. Its unknown intensity is high or low. The agent has private information, his type being his prior belief that the intensity is high. The agent values successes more than the principal does, so prefers more experimentation. The optimal mechanism is a cutoff rule in the belief space: the cutoff gives pessimisti...
• The Role of Bequests in Shaping Wealth Inequality: Evidence from Danish Wealth Records AI翻译
  作者：Boserup, Simon H.; Kopczuk, Wojciech; Kreiner, Claus T.
  作者单位：University of Copenhagen; Columbia University; Columbia University
• Estimating Top Income and Wealth Shares: Sensitivity to Data and Methods AI翻译
  作者：Bricker, Jesse; Henriques, Alice; Krimmel, Jacob; Sabelhaus, John
  作者单位：Federal Reserve System - USA; Federal Reserve System Board of Governors; University of Pennsylvania
• Interbank Markets and Banking Crises: New Evidence on the Establishment and Impact of the Federal Reserve AI翻译
  作者：Carlson, Mark; Wheelock, David C.
  作者单位：Bank for International Settlements (BIS); Federal Reserve System - USA; Federal Reserve Bank - St. Louis
• LEP Language Disability, Immigration Reform, and English-Language Acquisition AI翻译
  作者：Davila, Alberto; Mora, Marie T.
  作者单位：University of Texas System; University of Texas Rio Grande Valley
• Patent Remedies AI翻译
  作者：Shapiro, Carl
  作者单位：University of California System; University of California Berkeley
• The Economic Impact of Syrian Refugees on Host Countries: Quasi-Experimental Evidence from Turkey AI翻译
  作者：Tumen, Semih
• Medicaid Insurance in Old Age AI翻译
  作者：De Nardi, Mariacristina; French, Eric; Jones, John Bailey
  作者单位：University of London; University College London; Federal Reserve System - USA; Federal Reserve Bank - Chicago; National Bureau of Economic Research; Centre for Economic Policy Research - UK; State University of New York (SUNY) System; University at Albany, SUNY
  摘要：The old age provisions of the Medicaid program were designed to insure retirees against medical expenses. We estimate a structural model of savings and medical spending and use it to compute the distribution of lifetime Medicaid transfers and Medicaid valuations across currently single retirees. Compensating variation calculations indicate that current retirees value Medicaid insurance at more than its actuarial cost, but that most would value an expansion of the current Medicaid program at le...