-
作者：Gillingham, Kenneth T.; Houde, Sebastien; van Benthem, Arthur A.
作者单位：Yale University; National Bureau of Economic Research; Grenoble Ecole Management; University of Pennsylvania
摘要：A central question in the analysis of fuel economy policy is whether consumers are myopic with regards to future fuel costs. We provide the first evidence on the consumer valuation of fuel economy from a natural experiment that provides exogenous variation in fuel economy ratings. We examine the short-run equilibrium effects of a restatement of fuel economy ratings that affected 1.6 million vehicles. Using the implied changes in willingness to pay, we find that consumers act myopically: consum...
-
作者：Kose, Esra; Kuka, Elira; Shenhav, Na'ama
作者单位：Bucknell University; George Washington University; IZA Institute Labor Economics; National Bureau of Economic Research; Dartmouth College
摘要：While a growing literature shows that women, relative to men, prefer greater investment in children, it is unclear whether empowering women produces better economic outcomes. Exploiting plausibly exogenous variation in US suffrage laws, we show that exposure to suffrage during childhood led to large increases in educational attainment for children from disadvantaged backgrounds, especially Blacks and Southern Whites. We also find that suffrage led to higher earnings alongside education gains, ...
-
作者：Agarwal, Sumit; Qian, Wenlan; Zou, Xin
作者单位：National University of Singapore; National University of Singapore; Hong Kong Baptist University
摘要：Using a large, representative sample of credit and debit card transactions in Singapore, this paper studies the consumption response of individuals whose same-building neighbors experienced personal bankruptcy. The unique bankruptcy rules in Singapore suggest liquidity shocks drive personal bankruptcy decisions, leading to a substantial drop in consumption for the bankrupt. Peers' monthly card consumption decreases by 3.4 percent over the 1-year postbankruptcy period. There exists no consumpti...
-
作者：Zwick, Eric
作者单位：University of Chicago; National Bureau of Economic Research
摘要：Does tax code complexity alter corporate behavior? We investigate this question by studying the decision to claim refunds for tax losses. In a sample of 1.2 million observations from the population of corporate tax returns, only 37 percent of eligible firms claim their refund. A simple cost-benefit analysis of the tax loss choice cannot explain low take-up, motivating an exploration of how complexity alters this calculation. Research designs exploiting tax preparer switches, deaths, and reloca...
-
作者：Reynaert, Mathias; Sallee, James M.
作者单位：Universite de Toulouse; Universite Toulouse 1 Capitole; Toulouse School of Economics; University of California System; University of California Berkeley; National Bureau of Economic Research
摘要：Firms sometimes comply with externality-correcting policies by gaming the measure that determines policy. This harms buyers by eroding information, but it benefits them when cost savings are passed through into prices. We develop a model that highlights this tension and use it to analyze gaming of automobile carbon emission ratings in the EU. We document startling increases in gaming using novel data. We then analyze the effects of gaming in calibrated simulations. Over a wide range of paramet...
-
作者：Fan, Yi; Yi, Junjian; Zhang, Junsen
作者单位：National University of Singapore; National University of Singapore; Zhejiang University; Chinese University of Hong Kong
摘要：This paper documents an increasing intergenerational income persistence in China since economic reforms were introduced in 1979. The intergenerational income elasticity increases from 0.390 for the 1970-1980 birth cohort to 0.442 for the 1981-1988 birth cohort; this increase is more evident among urban and coastal residents than rural and inland residents. We also explore how changes in intergenerational income persistence is correlated with market reforms, economic development, and policy cha...
-
作者：Bachas, Pierre; Soto, Mauricio
摘要：How should developing countries tax corporate income? We study this question in Costa Rica, where firms face higher average tax rates on profits when revenues marginally increase. We combine discontinuity and bunching designs to estimate the elasticity of taxable profit and separate it into revenue and cost elasticities. We find that firms faced with a higher tax rate slightly reduce revenues but considerably increase costs, thus producing a large elasticity of taxable profit of 3-5. In this c...
-
作者：Bernecker, Andreas; Boyer, Pierre C.; Gathmann, Christina
作者单位：Institut Polytechnique de Paris; Ecole Polytechnique; ENSAE Paris; Center for Economic & Policy Research (CEPR); Leibniz Association; Ifo Institut; IZA Institute Labor Economics; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW)
摘要：How do governors' reelection motives affect policy experimentation? We develop a theoretical model of this situation, and then test the predictions in data on US-state-level welfare reforms from 1978 to 2007. This period marked the most dramatic shift in social policy since the New Deal. Our findings indicate that governors with strong electoral support are less likely to experiment than governors with little support. Yet, governors who cannot be reelected actually experiment more than governo...
-
作者：Drupp, Moritz A.; Haensel, Martin C.
作者单位：University of Hamburg; Potsdam Institut fur Klimafolgenforschung
摘要：Climate change not only impacts production and market consumption but also the relative scarcity of nonmarket goods, such as environmental amenities. We study fundamental drivers of the resulting relative price changes, their potential magnitude, and their implications for climate policy in Nordhaus's Dynamic Integrated Climate-Economy (DICE) model, thereby addressing one of its key criticisms. We propose plausible ranges for these relative prices changes based on best available evidence. Our ...
-
作者：Lochner, Lance; Stinebrickner, Todd; Suleymanoglu, Utku
作者单位：Western University (University of Western Ontario)
摘要：Using unique survey and administrative data from Canada, we document that parental support and personal savings substantially reduce student loan repayment problems. Developing a model of student borrowing and repayment, we show that-nonmonetary costs of applying for-income-based repayment assistance are critical to understanding our findings. Furthermore, we show that eliminating these costs may be inefficient. Empirically, we show that expanding Canada's Repayment Assistance Plan to automati...
