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作者：Frankel, Alexander
作者单位：University of Chicago
摘要：I present a simple and tractable model of the optimal taxation of married couples, working off of the multidimensional screening framework of Armstrong and Rochet (1999). In particular, I study how the tax code varies with the degree of assortative mating. One result is that the negative jointness of marginal tax rates found in Kleven, Kreiner, and Saez (2007, 2009) for couples with uncorrelated earnings should be attenuated in the presence of assortative mating. When mating is sufficiently as...
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作者：Piketty, Thomas; Saez, Emmanuel; Stantcheva, Stefanie
作者单位：Paris School of Economics; University of California System; University of California Berkeley; Massachusetts Institute of Technology (MIT)
摘要：This paper derives optimal top tax rate formulas in a model where top earners respond to taxes through three channels: labor supply, tax avoidance, and compensation bargaining. The optimal top tax rate increases when there are zero-sum compensation-bargaining effects. We present empirical evidence consistent with bargaining effects. Top tax rate cuts are associated with top one percent pretax income shares increases but not higher economic growth. US CEO pay for luck is quantitatively more pre...
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作者：Lundqvist, Helene; Dahlberg, Matz; Mork, Eva
作者单位：Stockholm University; Uppsala University; Uppsala University
摘要：We apply the regression kink design to the Swedish grant system and estimate causal effects of intergovernmental grants on local public employment. Our robust conclusion is that grants do not stimulate local public employment. We find no statistically significant effects on total local public employment, and we can exclude even moderate effects. When disaggregating the total effect by sector, we find that personnel in the traditional welfare sectors are unaffected, a conclusion which applies t...
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作者：Jacobsen, Mark R.
作者单位：University of California System; University of California San Diego
摘要：This paper employs an empirically estimated model to study the equilibrium effects of an increase in the US corporate average fuel economy (CAFE) standards. I identify and model heterogeneity across firms and find that the profit impacts of CAFE fall almost entirely on domestic producers. The welfare analyses consider the simultaneous household decision of vehicle and miles traveled, allowing direct comparison with a gasoline tax. Finally, I consider dynamic impacts in the used car market. I f...
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作者：Towe, Charles; Lawley, Chad
作者单位：University System of Maryland; University of Maryland College Park; University System of Maryland; University of Maryland College Park; University of Manitoba
摘要：We examine the contagion effect of residential foreclosures and find strong evidence of a social interactions influence on default decisions where the interaction is based on neighbors' behavior in a previous period. Using a unique spatially explicit parcel-level dataset documenting residential foreclosures in Maryland for the years 2006-2009 and a highly localized neighborhood definition, based on 13 nearest neighbors, we find that a neighbor in foreclosure increases the hazard of additional ...
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作者：Bhargava, Saurabh; Pathania, Vikram S.
作者单位：Carnegie Mellon University; University of London; London School Economics & Political Science
摘要：We investigate the causal link between driver cell phone use and crash rates by exploiting a natural experiment induced by the 9 PM price discontinuity that characterizes a majority of recent cellular plans. We first document a 7.2 percent jump in driver call likelihood at the 9 PM threshold. Using a prior period as a comparison, we next document no corresponding change in the relative crash rate. Our estimates imply an upper bound in the crash risk odds ratio of 3.0, which rejects the 4.3 ass...
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作者：Gyourko, Joseph; Mayer, Christopher; Sinai, Todd
作者单位：University of Pennsylvania; National Bureau of Economic Research; Columbia University
摘要：We document large long-run differences in average house price appreciation across metropolitan areas over the past 50 years, and show they can be explained by an inelastic supply of land in some unique locations combined with an increasing number of high-income households nationally. The resulting high house prices and price-to-rent ratios in those superstar areas crowd out lower income households. The same forces generate a similar pattern among municipalities within a metropolitan area. Thes...
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作者：Sinai, Todd; Souleles, Nicholas
作者单位：University of Pennsylvania
摘要：For households that face a possibility of moving across MSAs, the risk of home owning depends on the covariance of the sale prices of their current houses with the purchase prices of their likely future houses. We find empirically that households tend to move between highly correlated MSAs, significantly increasing the distribution of expected correlations in real house price growth across MSAs, and so raising the moving-hedge value of owning. Own/rent decisions are sensitive to this hedging v...
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作者：Knight, Brian
作者单位：Brown University
摘要：This paper provides a theoretical and empirical analysis of cross-state externalities associated with gun regulations that impact gun trafficking. Using tracing data, which identify the source state for crime guns recovered in destination states, we find that firearms tend to flow from states with weak laws to states with strict laws, satisfying a key theoretical condition for the existence of externalities. We also find that gun flows are more significant between nearby states, suggesting tha...
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作者：Feenstra, Robert C.; Mandel, Benjamin R.; Reinsdorf, Marshall B.; Slaughter, Matthew J.
作者单位：University of California System; University of California Davis; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - New York; Dartmouth College; National Bureau of Economic Research
摘要：The acceleration in US productivity growth since 1995 is often attributed to declining prices for information technology (IT) goods, and therefore enhanced productivity growth in that sector. We investigate an alternative explanation for these IT price movements: gains in the US terms of trade and tariff reductions, especially for IT products, which led to greater gains than shown by official indexes. We do not, however, investigate the indexes used to deflate the domestic absorption component...
