Review of Economics and Statistics

最新文章

• Compulsory Voting, Habit Formation, and Political Participation AI翻译
  作者：Bechtel, Michael M.; Hangartner, Dominik; Schmid, Lukas
  作者单位：Washington University (WUSTL); Swiss Federal Institutes of Technology Domain; ETH Zurich; University of London; London School Economics & Political Science; University of Lucerne
  摘要：Can electoral institutions induce lasting changes in citizens' voting habits? We study the long-term and spillover effects of compulsory voting in the Swiss canton of Vaud (1900-1970) and find that this intervention increases turnout in federal referendums by 30 percentage points. However, despite its magnitude, the effect disappears quickly after voting is no longer compulsory. We find minor spillover effects on related forms of political participation that also vanish immediately after compu...
• Shops and the City: Evidence on Local Externalities and Local Government Policy from Big-Box Bankruptcies AI翻译
  作者：Shoag, Daniel; Veuger, Stan
  作者单位：Harvard University; American Enterprise Institute for Public Policy Research
  摘要：We report three findings. First, using evidence from chain bankruptcies and data on 12 million to 18 million establishments per year, we show that large retailers produce significant positive spillovers. Second, local governments respond to the size of these externalities. When a town's boundaries allow it to capture a larger share of retail spillovers, it is more likely to offer retail subsidies. Third, these subsidies partially crowd out private sector mechanisms that also subsidize large re...
• Asset Integration and Attitudes toward Risk: Theory and Evidence AI翻译
  作者：Andersen, Steffen; Cox, James C.; Harrison, Glenn W.; Lau, Morten I.; Rutstroem, E. Elisabet; Sadiraj, Vjollca
  作者单位：Copenhagen Business School; University System of Georgia; Georgia State University; University of Cape Town; Durham University; Orebro University; Stockholm School of Economics
  摘要：We provide evidence that choices over small-stakes bets are consistent with assumptions of some payoff calibration paradoxes. We then exploit the existence of detailed information on individual wealth of our experimental subjects in Denmark and directly estimate risk attitudes and the degree of asset integration. We discover that behavior is consistent with partial, rather than full, asset integration. The implied risk attitudes from estimating these specifications indicate risk premiums and c...
• Childhood Medicaid Coverage and Later-Life Health Care Utilization AI翻译
  作者：Wherry, Laura R.; Miller, Sarah; Kaestner, Robert; Meyer, Bruce D.
  作者单位：University of California System; University of California Los Angeles; University of California Los Angeles Medical Center; David Geffen School of Medicine at UCLA; University of Michigan System; University of Michigan; National Bureau of Economic Research; University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; University of Chicago
  摘要：Exploiting a discontinuity in childhood Medicaid eligibility based on date of birth, we find that more years of childhood eligibility are associated with fewer hospitalizations in adulthood. For blacks, we find a 7% to 15% decrease in hospitalizations and a suggestive 2% to 5% decrease in emergency department visits, but no similar effect for nonblacks. The effects are pronounced for utilization related to chronic illnesses and for patients living in low-income postal codes. Calculations sugge...
• Constrained Discretion and Central Bank Transparency AI翻译
  作者：Bianchi, Francesco; Melosi, Leonardo
  作者单位：Duke University; Center for Economic & Policy Research (CEPR); National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - Chicago
  摘要：We develop and estimate a general equilibrium model to assess the effects and welfare implications of central bank transparency. Monetary policy can deviate from active inflation stabilization, and agents conduct Bayesian learning about the nature of these deviations. Under constrained discretion, only short deviations occur, agents' uncertainty about the macroeconomy remains contained, and welfare is high. However, if a deviation persists, uncertainty eventually accelerates and welfare declin...
• Robots at Work AI翻译
  作者：Graetz, Georg; Michaels, Guy
  作者单位：Uppsala University; University of London; London School Economics & Political Science
  摘要：We analyze for the first time the economic contributions of modern industrial robots, which are flexible, versatile, and autonomous machines. We use novel panel data on robot adoption within industries in seventeen countries from 1993 to 2007 and new instrumental variables that rely on robots' comparative advantage in specific tasks. Our findings suggest that increased robot use contributed approximately 0.36 percentage points to annual labor productivity growth, while at the same time raising...
• Disability Benefit Take-Up and Local Labor Market Conditions AI翻译
  作者：Charles, Kerwin Kofi; Li, Yiming; Stephens, Melvin, Jr.
  作者单位：University of Chicago; National Bureau of Economic Research; University of Michigan System; University of Michigan
  摘要：Exploiting county-level variation in oil-producing areas from shocks to world oil and gas prices, we study how local labor market conditions affect disability take-up. We extend well-known previous work using a similar research design by analyzing a different price shock; a larger, more representative set of labor markets; and a more recent period marked by skyrocketing disability payments. Our estimated elasticity for SSDI payments with respect to earnings of -0.29 is surprisingly similar to ...
• Why You Should Never Use the Hodrick-Prescott Filter AI翻译
  作者：Hamilton, James D.
  作者单位：University of California System; University of California San Diego
  摘要：Here's why. (a) The Hodrick-Prescott (HP) filter introduces spurious dynamic relations that have no basis in the underlying data-generating process. (b) Filtered values at the end of the sample are very different from those in the middle and are also characterized by spurious dynamics. (c) A statistical formalization of the problem typically produces values for the smoothing parameter vastly at odds with common practice. (d) There is a better alternative. A regression of the variable at date t...
• Keep the Kids Inside? Juvenile Curfews and Urban Gun Violence AI翻译
  作者：Carr, Jillian B.; Doleac, Jennifer L.
  作者单位：Purdue University System; Purdue University; Texas A&M University System; Texas A&M University College Station
  摘要：Gun violence is an important problem across the United States. However, the impact of government policies on gunfire has been difficult to test due to limited and low-quality data. This paper uses new, more accurate data on gunfire (generated by ShotSpotter audio sensors) to measure the effects of juvenile curfews in Washington, DC. Using variation in the hours of the DC curfew, we find that this policy increases gunfire incidents by 150% during marginal hours. In contrast, voluntarily reporte...
• Imputation in US Manufacturing Data and Its Implications for Productivity Dispersion AI翻译
  作者：White, T. Kirk; Reiter, Jerome P.; Petrin, Amil
  作者单位：Duke University; University of Minnesota System; University of Minnesota Twin Cities; National Bureau of Economic Research
  摘要：In the U.S. Census Bureau's 2002 and 2007 Censuses of Manufactures, 79% and 73% of observations, respectively, have imputed data for at least one variable used to compute total factor productivity (TFP). The bureau primarily imputes for missing values using mean-imputation methods, which can reduce the underlying variance of the imputed variables. For five variables entering TFP, we show that dispersion is significantly smaller in the Census mean-imputed versus the nonimputed data. We use clas...