-
作者：Koster, Hans R. A.; van Ommeren, Jos
作者单位：Vrije Universiteit Amsterdam; HSE University (National Research University Higher School of Economics); Tinbergen Institute; University of London; London School Economics & Political Science; Center for Economic & Policy Research (CEPR)
摘要：We study the economic effects of place-based policies in the housing market, by investigating the effects of a place-based program on prices of surrounding owner-occupied properties. The program improved the quality of public housing in 83 impoverished neighborhoods throughout the Netherlands. We combine a first-difference approach with a fuzzy regression-discontinuity design to address the fundamental issue that these neighborhoods are endogenously treated. Improvements in public housing indu...
-
作者：Bernard, Andrew B.; Moxnes, Andreas; Ulltveit-Moe, Karen Helene
摘要：/>
-
作者：Demyanyk, Yuliya; Loutskina, Elena; Murphy, Daniel
作者单位：University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; University of Virginia; University of Virginia
摘要：In the aftermath of the consumer debt-induced recession, policymakers have questioned whether fiscal stimulus is effective during periods of high consumer indebtedness. This study empirically investigates this question. Using detailed data on Department of Defense spending for the 2007-2009 period, we document that the open-economy relative fiscal multiplier is higher in geographies with higher consumer debt. The results suggest that in the short term (2007-2009), fiscal policy can mitigate th...
-
作者：Gorbachev, Olga; Luengo-Prado, Maria Jose
作者单位：University of Delaware
摘要：We use the 1979 National Longitudinal Survey of Youth to revisit what is termed the credit card debt puzzle: why consumers simultaneously co-hold high-interest credit card debt and low-interest assets that could be used to pay down this debt. Relative to individuals with no credit card debt but positive liquid assets, borrower-savers have very different perceptions of future credit access risk and use credit cards for precautionary motives. Moreover, changing perceptions about credit access ri...
-
作者：Evans, William N.; Lieber, Ethan M. J.; Power, Patrick
作者单位：University of Notre Dame; National Bureau of Economic Research; Boston University
摘要：We attribute the recent quadrupling of heroin death rates to the August 2010 reformulation of an oft-abused prescription opioid, OxyContin. The new abuse-deterrent formulation led many consumers to substitute an inexpensive alternative, heroin. Using structural break techniques and variation in substitution risk, we find that opioid consumption stops rising in August 2010, heroin deaths begin climbing the following month, and growth in heroin deaths was greater in areas with greater prereformu...
-
作者：Gauriot, Romain; Page, Lionel
作者单位：New York University; New York University Abu Dhabi; University of Technology Sydney
摘要：We provide evidence of a violation of the informativeness principle whereby lucky successes are overly rewarded. We isolate a quasi-experimental situation where the success of an agent is as good as random. To do so, we use high-quality data on football (soccer) matches and select shots on goal that landed on the goal posts. Using nonscoring shots, taken from a similar location on the pitch, as counterfactuals to scoring shots, we estimate the causal effect of a lucky success (goal) on the eva...
-
作者：Carr, Jillian B.; Packham, Analisa
作者单位：Purdue University System; Purdue University; University System of Ohio; Miami University
摘要：In this paper, we study the effects of the timing of nutritional aid disbursement on crime, using two main sources of variation: (a) a policy change in Illinois that substantially increased the number of SNAP distribution days and (b) an existing Indiana policy that issues SNAP benefits by last name. We find that staggering SNAP benefits leads to large reductions in crime and theft at grocery stores by 17.5% and 20.9%, respectively. Findings also show that theft decreases in the second and thi...
-
作者：Doyle, Joseph; Graves, John; Gruber, Jonathan
作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; Vanderbilt University
摘要：Hospital quality measures are crucial to a key idea behind health care payment reforms: paying for quality instead of quantity. Nevertheless, such measures face major criticisms largely over the potential failure of risk adjustment to overcome endogeneity concerns when ranking hospitals. In this paper, we test whether patients treated at hospitals that score higher on commonly used quality measures have better health outcomes in terms of rehospitalization and mortality. To compare similar pati...
-
作者：Kuehn, Joseph
摘要：I introduce an empirical auction model where in addition to the private value that each bidder receives upon winning the auction, losing bidders incur a negative externality that depends on the identity of the rival winner. I show how the externalities and private value distributions can be identified and estimated in such a model. I then apply the model to U.S. Forest Service timber auctions. I find that mill bidders impose significant externalities on one another of between 10% and 22% of th...
-
作者：Hungerman, Daniel M.; Rinz, Kevin; Frymark, Jay
作者单位：University of Notre Dame; National Bureau of Economic Research
摘要：Governments have used vouchers to spend billions of dollars on private education; much of this has gone to religiously affiliated schools. We explore the possibility that vouchers could alter the financial outcomes of religious organizations that are operating schools and thus have an impact on the spiritual, moral, and social fabric of communities. Using a data set of Catholic parish finances from Milwaukee, we show that vouchers are a dominant source of funding for many churches. Vouchers ap...
