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作者：Depew, Briggs; Swensen, Isaac
作者单位：Utah System of Higher Education; Utah State University; Montana State University System; Montana State University Bozeman
摘要：The 1911 New York State Sullivan Act outlawed carrying concealable firearms without a licence, established strict licencing rules and regulated the sale and possession of handguns. We analyse the effects of the Sullivan Act using historical data on mortality rates, pistol permits and citations for illegal carrying. Our analysis of pistol permits and citations reveal clear initial effects of the Sullivan Act on gun-related behaviours. Using synthetic control and difference-in-differences method...
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作者：Maattanen, Niku; Tervio, Marko
作者单位：University of Helsinki; Aalto University
摘要：We evaluate the welfare cost of housing transaction taxes with a new assignment model-based framework, where welfare effects are driven by distortions in the matching of houses and households. We calibrate the model with data from the Helsinki metropolitan region to assess the impact of a reform where an ad valorem transaction tax is replaced with a revenue-equivalent property tax. The aggregate welfare gain from this reform increases rapidly with the initial transaction tax rate, with the Laf...
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作者：Tian, Jianrong
作者单位：University of Hong Kong
摘要：This paper provides a simple unified analysis of optimal interval division problems. My primitive is a cell function that assigns a value to each subinterval (cell). Submodular cell functions conveniently imply the property of decreasing marginal returns. Also, for coarse decision problems, optimal cutoffs commonly increase as prior belief shifts upward. Its implications on language and efficient menus are discussed.
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作者：Ajzenman, Nicolas; Durante, Ruben
作者单位：Getulio Vargas Foundation; IZA Institute Labor Economics; Pompeu Fabra University; ICREA; Barcelona School of Economics; Centre for Economic Policy Research - UK; Leibniz Association; Ifo Institut
摘要：Can seemingly unimportant factors influence voting decisions by making certain issues salient? We study this in the context of Argentina's 2015 presidential elections by examining how the infrastructure quality of the school where citizens voted influenced their choice. Exploiting the quasi-random assignment of voters to ballot stations in public schools in Buenos Aires, we show that individuals assigned to poorer infrastructure schools were less likely to vote for Mauricio Macri, the incumben...
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作者：Cerina, Fabio; Dienesch, Elisa; Moro, Alessio; Rendall, Michelle
作者单位：University of Cagliari; Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS); Aix-Marseille Universite; Monash University; Centre for Economic Policy Research - UK
摘要：We document the emergence of spatial polarisation in the United States during the 1980-2008 period. This phenomenon is characterised by stronger employment polarisation in larger cities, both at the occupational and the worker levels. We quantitatively evaluate the role of technology in generating these patterns by constructing and calibrating a spatial equilibrium model. We find that faster skill-biased technological change in larger cities can account for a substantial fraction of spatial po...
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作者：Dustmann, Christian; Fitzenberger, Bernd; Zimmermann, Markus
作者单位：University of London; University College London; University of Erlangen Nuremberg; Leibniz Association; Ifo Institut; IZA Institute Labor Economics; Humboldt University of Berlin
摘要：The trend of rising income inequality in Germany since the mid-1990s is strongly amplified when considering income after housing expenditure. The income share of housing expenditure rose disproportionally for the bottom income quintile and fell for the top quintile. Factors contributing to these trends include declining relative costs of homeownership versus renting, changes in household structure, declining real incomes for low-income households and residential mobility towards larger cities....
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作者：Slavik, Ctirad; Yazici, Hakki
作者单位：Charles University Prague; University of Bristol
摘要：The skill premium has increased significantly in the United States in the last five decades. During the same period, individual wage risk has also increased. This paper proposes a mechanism through which a rise in wage risk increases the skill premium. Intuitively, a rise in uninsured wage risk increases precautionary savings, thereby boosting capital accumulation, which increases the skill premium due to capital-skill complementarity. Using a quantitative macroeconomic model, we find that the...
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作者：Stern, Nicholas
作者单位：University of London; London School Economics & Political Science
摘要：The case for action on climate change with urgency and at scale rests on the immense magnitude of climate risk, the very rapid emissions reductions which are necessary, and that there is a real opportunity to create a new and attractive form of growth and development. The analysis must be based on a dynamic approach to the economics of public policy, set in a complex, imperfect and uncertain world. The economics of climate change, and further, economics more broadly, must change to respond to ...
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作者：Al-Amine, Ramzy; Willems, Tim
作者单位：International Monetary Fund
摘要：We find that countries able to borrow at spreads that seem low given fundamentals (e.g., because investors are bullish regarding the country's future) are more likely to develop medium-term difficulties. We establish this by regressing spreads on fundamentals. Subsequently deploying first-stage residuals in a second-stage regression suggests that an optimistic sentiment reduces growth in the medium term while increasing odds of fiscal crises. Incorporating information from our mispricing estim...
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作者：Farago, Adam; Holmen, Martin; Holzmeister, Felix; Kirchler, Michael; Razen, Michael
作者单位：University of Gothenburg; University of Innsbruck
摘要：We investigate the impact of cognitive skills and economic preferences on fund managers' professional decisions by running a battery of experiments with them. First, we find that fund managers' risk tolerance positively correlates with fund risk when accounting for fund benchmark, fund category and other controls. Second, we show that fund managers' ambiguity tolerance positively correlates with the funds' tracking error from the benchmark. Finally, we report that cognitive skills do not expla...
