Journal of Public Economics

最新文章

• Tax incidence for fragile financial markets AI翻译
  作者：Bierbrauer, Felix
  作者单位：University of Cologne
  摘要：Standard tax incidence analysis deals with households and firms that buy and sell consumption goods, as opposed to financial institutions that buy and sell financial products. This paper develops a framework that allows us to study tax incidence on financial markets, and applies it to a financial transactions tax. A main result is that the tax may contribute to financial distress. Moreover, if the government has to bail out the debtors of failed financial institutions, the tax-induced increase...
• What will my account really be worth? Experimental evidence on how retirement income projections affect saving AI翻译
  作者：Goda, Gopi Shah; Manchester, Colleen Flaherty; Sojourner, Aaron J.
  作者单位：Stanford University; National Bureau of Economic Research; University of Minnesota System; University of Minnesota Twin Cities; IZA Institute Labor Economics
  摘要：Many investment companies have begun providing their defined-contribution pension participants with individualized, retirement income projections. The U.S. Congress is currently considering whether to require them all to do so. Evidence on the potential impact is scant, though a large body of economic research suggests that individuals are not currently making optimal retirement-saving decisions. Through a field experiment, we measure how provision of retirement income projections along with e...
• Cash by any other name? Evidence on labeling from the UK Winter Fuel Payment AI翻译
  作者：Beatty, Timothy K. M.; Blow, Laura; Crossley, Thomas F.; O'Dea, Cormac
  作者单位：University of California System; University of California Davis; University of London; London School Economics & Political Science; University of Essex
  摘要：Government transfers to individuals are often given labels indicating that they are designed to support the consumption of particular goods. Standard economic theory implies that the labeling of cash transfers or cash-equivalents should have no effect on spending patterns. We study the UK Winter Fuel Payment, a cash transfer to older households. Our empirical strategy nests a regression discontinuity design within an Engel curve framework We find robust evidence of a behavioral effect of label...
• The incidence of non-linear price-dependent consumption taxes AI翻译
  作者：Carbonnier, Clement
  作者单位：CY Cergy Paris Universite
  摘要：The present article generalizes economic literature on the incidence of consumption taxes to general schedules of consumption taxes dependent on price. Previous studies were limited to the cases of per unit and ad valorem taxes. Three main contributions are made. Methodologically, the elasticity of the tax function is introduced as a new parameter so that the price-elasticity of general consumption tax schedules in different models of imperfect competition might be dealt with in a tractable ma...
• Social preferences are stable over long periods of time AI翻译
  作者：Carlsson, Fredrik; Johansson-Stenman, Olof; Pham Khanh Nam
  作者单位：University of Gothenburg; Ho Chi Minh City University Economics
  摘要：We measure people's pro-social behavior, in terms of voluntary money and labor contributions to an archetypical public good, a bridge, and in terms of voluntary money contributions in a public good game, using the same non-student sample in rural Vietnam at four different points in time from 2005 to 2011. Two of the observed events are actual voluntary contributions (one in terms of money and one in terms of labor), one is from a natural field experiment, and one is from an artefactual field e...
• Are supply-side drug control efforts effective? Evaluating OTC regulations targeting methamphetamine precursors AI翻译
  作者：Dobkin, Carlos; Nicosia, Nancy; Weinberg, Matthew
  作者单位：University of California System; University of California Santa Cruz; National Bureau of Economic Research; RAND Corporation; Drexel University
  摘要：Enforcement efforts are the primary approach to reduce illegal drug use in the U.S., but evidence on their effectiveness is mixed. We provide new evidence on the effectiveness of enforcement efforts by using rich administrative records and the staggered implementation of state laws targeting over-the-counter medicines that can be used to produce methamphetamine. We estimate that the regulations reduced the number of methamphetamine laboratories operating in a state by 36%. We find no evidence ...
• Resource scarcity and antisocial behavior AI翻译
  作者：Prediger, Sebastian; Vollan, Bjoern; Herrmann, Benedikt
  作者单位：German Institute of Global & Area Studies; University of Innsbruck; University of Nottingham
  摘要：This paper examines whether exposure to persistent resource scarcity on the commons affects pastoralists' readiness to engage in antisocial behavior towards their fellow commons users. The region under study is divided into two areas according to exogenous variations in biomass production stemming from geological peculiarities. We conducted a joy-of-destruction game with pastoralists from both areas and provide evidence for a positive relationship between antisocial behavior and long-term expo...
• The promise of positive optimal taxation: normative diversity and a role for equal sacrifice AI翻译
  作者：Weinzierl, Matthew
  作者单位：Harvard University; National Bureau of Economic Research
  摘要：A prominent assumption in modem optimal tax research is that the objective of taxation is Utilitarian. I present new survey evidence that most people reject this assumption's implications for several prominent features of tax policy, instead preferring tax policies based at least in part on a classic alternative objective: the principle of Equal Sacrifice. I generalize the standard model to accommodate this preference for a mixed objective, proposing a method by which to make disparate criteri...
• The pitfalls of work requirements in welfare-to-work policies: Experimental evidence on human capital accumulation in the Self-Sufficiency Project AI翻译
  作者：Riddell, Chris; Riddell, W. Craig
  作者单位：Cornell University; University of British Columbia
  摘要：This paper investigates whether policies that encourage recipients to exit welfare for full-time employment influence participation in educational activity. The Self-Sufficiency Project ('SSP') was a demonstration project where long-term welfare recipients randomly assigned to the treatment group were offered a generous earnings supplement if they exited welfare for full-time employment. We find that treatment group members were less likely to upgrade their education along all dimensions: high...
• The impact of political majorities on firm value: Do electoral promises or friendship connections matter? AI翻译
  作者：Coulomb, Renaud; Sangnier, Marc
  作者单位：Paris School of Economics; Aix-Marseille Universite; Centre National de la Recherche Scientifique (CNRS); Aix-Marseille Universite; University of London; London School Economics & Political Science
  摘要：This paper simultaneously estimates the impact of political majorities on the values of firms that would benefit from the platforms of the two main candidates at the 2007 French presidential election, Segolene Royal and Nicolas Sarkozy, and of those that are ruled or owned by Sarkozy's friends. We use prediction-market data to track each candidate's victory probability, and investigate how this relates to firms' abnormal returns. Our estimates suggest that the value of firms that would likely ...