-
作者：Eren, Ozkan; Mocan, Naci
作者单位：University of California System; University of California Riverside; Louisiana State University System; Louisiana State University; National Bureau of Economic Research
摘要：This paper contributes to the debate on the impact of juvenile crime punishment on high school completion and adult recidivism using administrative data from a southern U.S. state. We exploit random assignment of cases to judges and use idiosyncratic judge stringency in imprisonment to estimate the causal effect of incarceration. We find that juvenile incarceration increases the propensity of being convicted for a drug offense in adulthood while it lowers the propensity to be convicted of a pr...
-
作者：Li, Nicholas
作者单位：University of Toronto
摘要：I examine the source and welfare implications of differences in household consumption diversity. I document the existence of a positive correlation between household variety and expenditure to motivate a simple framework where households purchase more varieties to counteract diminishing returns to quantity but face location-specific costs of accessing variety. Estimating the model with Indian household data, I find that the increase in dietary diversity between 1983 and 2009 was mostly due to ...
-
作者：Weisburd, Sarit
作者单位：Tel Aviv University
摘要：This paper estimates the impact of police presence on crime using a unique database that tracks the exact location of Dallas Police Department patrol cars throughout 2009. To address the concern that officer location is often driven by crime, my instrument exploits police responses to calls outside their allocated coverage beat. This variable provides a plausible shift in police presencewithin the abandoned beat that is driven by the police goal of minimizing response times. I find that a 10% ...
-
作者：Huang, Wei; Lei, Xiaoyan; Sun, Ang
摘要：This study considers the experience of China's one-child policy to examine how fertility restrictions affect economic and social outcomes over a lifetime. Using variations in these penalties across provinces and over time, we find that exposure to stricter fertility restrictions when young leads to higher education levels, more white-collar jobs, delayed marriage, and lower fertility rates. Further consequences include lower rates of residing with the elderly, higher household income, consumpt...
-
作者：Brown, Jeffrey R.; Kapteyn, Arie; Luttmer, Erzo F. P.; Mitchell, Olivia S.; Samek, Anya
作者单位：University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; National Bureau of Economic Research; University of Southern California; Dartmouth College; University of Pennsylvania; University of California System; University of California San Diego
摘要：This paper examines two behavioral factors that diminish people's ability to value a lifetime income stream or annuity, drawing on a randomized experiment with about 4,000 adults in a U.S. nationally representative sample. We find that increasing the complexity of the annuity choice reduces respondents' ability to value the annuity, measured by the difference between the sell and buy values they assign to the annuity. When we limit narrow choice bracketing by inducing people to think first abo...
-
作者：Fabbri, Marco; Dari-Mattiacci, Giuseppe
作者单位：Pompeu Fabra University; Barcelona School of Economics; Columbia University
摘要：This paper shows that formalizing private property rights has a positive effect on the propensity to respect the property of others. We study a recent large-scale land tenure reform in West Africa that was the first of its kind to be implemented as a randomized control trial. Results of a modified dictator game show that the formalization of private property rights reduced an individual's willingness to take from others' endowment. We used additional experimental measures and postexperimental ...
-
作者：Menkhoff, Lukas; Rieth, Malte; Stohr, Tobias
作者单位：Humboldt University of Berlin; Leibniz Association; DIW Berlin - Deutsches Institut fur Wirtschaftsforschung; Leibniz Association; Institut fur Weltwirtschaft an der Universitat Kiel (IFW)
摘要：Evidence on the effectiveness of foreign exchange (FX) interventions is either limited to short horizons or hampered by debatable identification. We address these limitations by identifying a structural vector autoregressive model for the daily frequency with an external instrument. Generally we find, for freely floating currencies, that FX intervention shocks significantly affect exchange rates and that this impact persists for months. The signaling channel dominates the portfolio channel. Mo...
-
作者：Erten, Bilge; Leight, Jessica
作者单位：Northeastern University; CGIAR; International Food Policy Research Institute (IFPRI)
摘要：This paper analyzes the effect of China's accession to the World Trade Organization in 2001 on structural transformation at the local level, exploiting cross-sectional variation in tariff uncertainty faced by county economies pre-2001. Using a new panel of 1,800 Chinese counties from 1996 to 2013, we find that counties more exposed to the reduction in tariff uncertainty postaccession are characterized by increased exports and foreign direct investment, shrinking agricultural sectors, expanding...
-
作者：Bai, Liang; Handel, Benjamin; Miguel, Edward; Rao, Gautam
作者单位：University of London; King's College London; University of Edinburgh; University of California System; University of California Berkeley; National Bureau of Economic Research; Harvard University
摘要：Self-control problems constitute a potential explanation for the underinvestment in preventive health in low-income countries. Behavioral economics offers a tool to solve such problems: commitment devices. We conduct a field experiment to evaluate the effectiveness of different types of theoretically motivated commitment contracts in increasing preventive doctor visits by hypertensive patients in rural India. Despite achieving high take-up of such contracts in some treatment arms, we find no e...
-
作者：Bilbiie, Florin O.
作者单位：University of Lausanne; Centre for Economic Policy Research - UK
摘要：Monetary policy is neutral even with fixed prices if free entry determines product variety optimally, as in Dixit and Stiglitz (1977). Entry substitutes for price flexibility in the welfare-based price index when individual prices are sticky. In response to aggregate demand expansions, the intensive (quantity produced of each good) and ex tensive (number of goods being produced) margins move in offsetting ways, leaving aggregate production unchanged. Price stickiness thus generates deviations ...
