Journal of the European Economic Association

最新文章

• The Effectiveness of Environmental Provisions in Regional Trade Agreements AI翻译
  作者：Abman, Ryan; Lundberg, Clark; Ruta, Michele
  作者单位：California State University System; San Diego State University; International Monetary Fund
  摘要：Trade liberalization can spur environmental degradation. Concerns over these adverse impacts have led to a debate over the need for environmental provisions in regional trade agreements (RTAs); however, the effectiveness of such provisions is unknown. In this paper, we provide new plausibly causal evidence that environmental provisions are effective in limiting deforestation following the entry into force of RTAs. We exploit high resolution, satellite-derived estimates of deforestation, and id...
• CO-LOCATION, GOOD, BAD, OR BOTH: HOW DO NEW ENTRIES OF DISCOUNT VARIETY STORES AFFECT LOCAL GROCERY BUSINESSES? AI翻译
  作者：Evensen, Charlotte B.; Steen, Frode; Ulsaker, Simen A.
  作者单位：Norwegian School of Economics (NHH)
  摘要：We analyse 69 entries and relocations by the largest Norwegian discount variety chain Europris during the period 2016-2019, and measure how its location choices affect local grocery stores' performance. We use detailed data from a major Norwegian grocery chain, which enables us to combine local grocery stores' sales and traffic with travelling distance to new or relocated Europris stores, and a two-way fixed effects strategy. Our findings suggest that entries and relocations have significant e...
• The Life-Cycle Effects of Pension Reforms: A Structural Approach AI翻译
  作者：Daminato, Claudio; Padula, Mario
  作者单位：Lund University; Swiss Federal Institutes of Technology Domain; ETH Zurich; Universita Ca Foscari Venezia
  摘要：To assess the life-cycle welfare effects of pension reforms, we provide a dynamic stochastic model of saving, portfolio choice, and retirement featuring a rich characterisation of the pension system. Relying on the exogenous variation from a sequence of Italian pension reforms, we identify and estimate the model, which is then used to draw implications of alternative pension policies. The validated model predicts substantial social security wealth effects on retirement, with the offset between...
• Information Technology, Improved Access, and Use of Prescription Drugs AI翻译
  作者：Boeckerman, Petri; Kortelainen, Mika; Laine, Liisa T.; Nurminen, Mikko; Saxell, Tanja
  作者单位：University of Jyvaskyla; IZA Institute Labor Economics; University of Turku; University of Missouri System; University of Missouri Columbia; Aalto University; VATT Institute for Economic Research
  摘要：We estimate the effects of health information technology designed to improve access to medication while limiting overuse through easier prescription renewal and improved information provision. We focus on benzodiazepines, a commonly prescribed class of mental health and insomnia medications, which are highly effective but potentially addictive. We study the staggered rollout of a nationwide electronic prescribing system over four years in Finland and use population-wide, individual-level admin...
• DECENTRALIZED TARGETING OF AGRICULTURAL CREDIT PROGRAMS: PRIVATE VERSUS POLITICAL INTERMEDIARIES AI翻译
  作者：Maitra, Pushkar; Mitra, Sandip; Mookherjee, Dilip; Visaria, Sujata
  作者单位：Monash University; Indian Statistical Institute; Indian Statistical Institute Kolkata; Boston University; Hong Kong University of Science & Technology; City St Georges, University of London
  摘要：We conduct a field experiment in India comparing two ways of delegating selection of microcredit clients among smallholder farmers to local intermediaries: a private trader (TRAIL), versus a local-government appointee (GRAIL). Selected beneficiaries in both schemes were equally likely to take up and repay loans, and experienced similar increases in borrowing and farm output. However farm profits increased and unit costs of production decreased significantly only in TRAIL. While there is some e...
• Hard-to-Interpret Signals AI翻译
  作者：Epstein, Larry G.; Halevy, Yoram
  作者单位：McGill University; University of Toronto; Hebrew University of Jerusalem; Hebrew University of Jerusalem
  摘要：Decisions under uncertainty are often made with information whose interpretation is uncertain because multiple interpretations are possible. Individuals may perceive and handle uncertainty about interpretation differently and in ways that are not directly observable to a modeler. This paper identifies and experimentally examines behavior that can be interpreted as reflecting an individual's attitude toward such uncertainty.
• The Making of Social Democracy: the Economic and Electoral Consequences of Norway's 1936 Folk School Reform AI翻译
  作者：Acemoglu, Daron; Pekkarinen, Tuomas; Salvanes, Kjell G.; Sarvimaeki, Matti
  作者单位：Massachusetts Institute of Technology (MIT); VATT Institute for Economic Research; Aalto University; Norwegian School of Economics (NHH)
  摘要：Upon assuming power for the first time in 1935, the Norwegian Labour Party delivered on its promise for a major schooling reform. The reform raised minimum instruction time in less-developed rural areas and boosted the resources available to rural schools, reducing class size, and raising teacher salaries. We show that cohorts more intensively affected by the reform increased their education and experienced higher labor income. Our main result is that the schooling reform also boosted support ...
• Structural Reforms and Elections: Evidence from a World-Wide New Dataset AI翻译
  作者：Alesina, Alberto; Furceri, Davide; Ostry, Jonathan D.; Papageorgiou, Chris; Quinn, Dennis P.
  作者单位：Harvard University; International Monetary Fund; Georgetown University; Georgetown University
  摘要：We present two new databases we have constructed to explore the electoral consequences of structural economic policy reforms. One database measures reforms in domestic finance, external finance, trade, product, and labor markets covering 90 advanced and developing economies from 1973 to 2014. The other chronicles the timing and results of national elections. We find that liberalizing reforms are associated with economic benefits that accrue only gradually over time. Because of this delay, libe...
• Firms' Inflation Expectations: New Evidence from France AI翻译
  作者：Savignac, Frederique; Gautier, Erwan; Gorodnichenko, Yuriy; Coibion, Olivier
  作者单位：European Central Bank; Bank of France; University of California System; University of California Berkeley; University of Texas System; University of Texas Austin
  摘要：Using a new survey of firms' inflation expectations in France, we provide novel evidence about the measurement and formation of inflation expectations on the part of firms. First, French firms report inflation expectations with a smaller, but still positive, bias than households and display less disagreement. Second, we characterize the extent and manner in which the wording of questions matters for the measurement of firms' inflation expectations. Third, we document whether and how the positi...
• Electoral Campaigns as Dynamic Contests AI翻译
  作者：Acharya, Avidit; Grillo, Edoardo; Sugaya, Takuo; Turkel, Eray
  作者单位：Stanford University; Stanford University; University of Padua
  摘要：We develop a model of electoral campaigns in which two office-motivated candidates allocate their budgets over time to affect their odds of winning. We measure the candidates' evolving odds of winning using a state variable that tends to decay over time, and we refer to it as the candidates' relative popularity. In our baseline model, the equilibrium ratio of spending by each candidate equals the ratio of their initial budgets; spending is independent of past realizations of relative popularit...