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作者：Deaton, Angus
作者单位：Princeton University; University of Southern California
摘要：I respond to Atkinson's plea to revive welfare economics, and to consider alternative ethical frameworks when making policy recommendations. I examine a measure of self-reported evaluative wellbeing, the Cantril Ladder, and use data from Gallup to examine wellbeing over the life-cycle. I assess the validity of the measure, and show that it is hard to reconcile with familiar theories of intertemporal choice. I find a worldwide optimism about the future; in spite of repeated evidence to the cont...
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作者：Dolls, Mathias; Doerrenberg, Philipp; Peichl, Andreas; Stichnoth, Holger
作者单位：Leibniz Association; Ifo Institut; Leibniz Association; Zentrum fur Europaische Wirtschaftsforschung (ZEW); IZA Institute Labor Economics; Leibniz Association; Ifo Institut; University of Munich
摘要：How can retirement savings be increased? We explore a unique policy change in the context of the German pension system to study this question. As of 2005 (with a phase-in period between 2002 and 2004), the German pension administration started to send out annual letters providing detailed and comprehensible information about the pension system and individual expected public pension payments. This reform did not change the level of pensions, but only provided information to individuals about th...
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作者：Meiselman, Ben S.
作者单位：Johns Hopkins University
摘要：Many people who owe income tax fail to file a timely tax return. In communication with these ghosts, what messages from the tax authority are effective for eliciting a return? This is the first study to address message content in communication with income tax nonfilers. I assess the efficacy of messages related to penalty salience, punishment probability, compliance cost, and civic pride by evaluating the response to experimental mailings distributed by Detroit to 7142 suspected resident nonfi...
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作者：Dahm, Matthias; Gonzalez, Paula; Porteiro, Nicolas
作者单位：University of Nottingham; Universidad Pablo de Olavide
摘要：This paper examines the incentives of a firm to invest in information about the quality of its product and to disclose its findings. If the firm conceals information, it might be detected and fined. We show that optimal monitoring is determined by a trade-off. Overall, stricter enforcement reduces the incentives for selective reporting but crowds out information search. Our model implies that there are situations in which the relationship between the two monitoring instruments might be complem...
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作者：Leslie, Gordon
作者单位：Monash University
摘要：This article finds that the introduction of a carbon tax increased short-run carbon emissions in an imperfectly competitive wholesale electricity market. The unique feature of the Western Australian setting is that the same carbon tax was introduced and later repealed, but the market structure differed at each event. At the repeal event, the dominant firm had less incentive to exercise unilateral market power. Then, the opposite result is observed - emissions were lower with the tax. I show ho...
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作者：Dickson, Alex; MacKenzie, Ian A.; Sekeris, Petros G.
作者单位：University of Strathclyde; University of Queensland; Montpellier Business School; Universite de Montpellier
摘要：This article investigates share contests. In our framework, we allow contestants to have more general preferences than have been used in the literature. Previous approaches have the unfortunate characteristic that contestants' marginal rates of substitution between the rent share allocated by the contest and their effort is constant regardless of the size of the rent share. This results in a conventional wisdom: larger rents command more effort. By providing a more general framework, we show t...
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作者：Rhode, Paul W.; Snyder, James M., Jr.; Strumpf, Koleman
作者单位：University of Michigan System; University of Michigan; National Bureau of Economic Research; Harvard University; Wake Forest University
摘要：We study the geographic distribution of military supply contracts during World War II. This is a unique case, where $3 trillion current day dollars was spent. We find robust evidence consistent with the hypothesis that economic factors dominated the allocation of supply contracts, and that political factors-or at least winning the 1944 presidential election-were at best of secondary importance. General industrial capacity in 1939, as well as specialized industrial capacity for aircraft product...
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作者：Carruthers, Celeste K.; Sanford, Thomas
作者单位：University of Tennessee System; University of Tennessee Knoxville
摘要：We estimate returns to diplomas and certificates awarded to adult students by public technology centers, a niche sector of higher education that elevates occupational and competency-based education over transferable credits and traditional degrees. Technology centers cater to nontraditional students, particularly adults seeking part-time training in specific skills. Sub-associate credentials arising from Tennessee Colleges of Applied Technology increase access to new industries, particularly h...
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作者：Arcalean, Calin
作者单位：Universitat Ramon Llull; Escuela Superior de Administracion y Direccion de Empresas (ESADE); Leibniz Association; Ifo Institut
摘要：I develop a political economy theory of dynamic fiscal competition via public spending and debt. With internationally mobile capital, strategic policies generate two cross-border externalities that voters in each country fail to internalize: (1) an increase in public spending that bolsters capital accumulation but also (2) a race to the top in public debt which crowds out capital. The relative size of these two externalities varies with the number of financially integrated countries and intera...
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作者：Hu, Luojia; Kaestner, Robert; Mazumder, Bhashkar; Miller, Sarah; Wong, Ashley
作者单位：Federal Reserve System - USA; Federal Reserve Bank - Chicago; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; University of Michigan System; University of Michigan; Northwestern University
摘要：We examine the effect of the Medicaid expansions under the 2010 Patient Protection and Affordable Care Act (ACA) on consumer financial outcomes using data from a major credit reporting agency for a large, national sample of adults. We employ the synthetic control method to compare individuals living in states that expanded Medicaid to those that did not. We find that the Medicaid expansions significantly reduced the number of unpaid bills and the amount of debt sent to third-party collection a...
