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作者：Hilber, Christian A. L.; Turner, Tracy M.
作者单位：University of London; London School Economics & Political Science; Kansas State University
摘要：This paper examines the impact of the combined U.S. state and federal mortgage interest deduction (MID) on homeownership attainment, using data from 1984 to 2007 and exploiting variation in the subsidy arising from changes in the MID within and across states over time. We test whether capitalization of the MID into house prices offsets the positive effect on homeownership. We find that the MID boosts homeownership attainment only of higher-income households in less tightly regulated housing ma...
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作者：Bhargava, Saurabh; Fisman, Ray
作者单位：Carnegie Mellon University; Columbia University
摘要：We provide an empirical test of contrast effects-a bias where a decision maker perceives information in contrast to what preceded it-in the quasi-experimental context of speed dating decisions. We document that prior partner attractiveness reduces the subsequent likelihood of an affirmative dating decision. This relationship is confined to recent interactions, consistent with a perceptual error, but not learning or the presence of a quota in affirmative responses. The contrast effect is driven...
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作者：Crespo, Laura; Mira, Pedro
摘要：We study the prevalence of informal caregiving to elderly parents by their mature daughters in Europe and the links between parental health, intense (daily) caregiving, and the employment status of daughters. We group data from SHARE into three country pools (North, Central, and South), which differ in the availability of public formal care services and female labor market attachment. There is a strong North-South gradient in the (positive) effect of parental ill health on the probability of d...
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作者：Fabrizio, Kira R.; Tsolmon, Ulya
作者单位：Boston University; Duke University
摘要：The Schumpeterian opportunity cost hypothesis predicts that firms concentrate innovative activities in recessions. However, empirical evidence suggests that innovative activities are procyclical. Theory proposes that firms shift R&D investments and innovation from recessions to booms to maximize returns by capturing high-demand periods before imitators compete away rents. This paper provides the first empirical test of these predictions. Results indicate that R&D spending is more procyclical i...
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作者：Kaestner, Robert; Malamud, Ofer
作者单位：University of Illinois System; University of Illinois Chicago; University of Illinois Chicago Hospital; National Bureau of Economic Research; University of Chicago
摘要：This paper examines the selection of Mexican migrants to the United States using novel data with rich premigration characteristics that include permanent migrants, return migrants, and migrating households. Results indicate that Mexican migrants are more likely to be young, male, and from rural areas compared to nonmigrants, but they are similar to nonmigrants in cognitive ability and health. Migrants are selected from the middle of the education distribution. Male Mexican migrants are negativ...
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作者：Busso, Matias; DiNardo, John; McCrary, Justin
作者单位：University of Michigan System; University of Michigan; National Bureau of Economic Research; University of California System; University of California Berkeley
摘要：Frolich (2004) compares the finite sample properties of reweighting and matching estimators of average treatment effects and concludes that reweighting performs far worse than even the simplest matching estimator. We argue that this conclusion is unjustified. Neither approach dominates the other uniformly across data-generating processes (DGPs). Expanding on Frolich's analysis, this paper analyzes empirical as well as hypothetical DGPs and also examines the effect of misspecification. We concl...
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作者：Feenstra, Robert C.; Li, Zhiyuan; Yu, Miaojie
作者单位：University of California System; University of California Davis; National Bureau of Economic Research; Shanghai University of Finance & Economics; Peking University
摘要：This paper examines why credit constraints for domestic and exporting firms arise in a setting where banks do not observe firms' productivities. To maintain incentive compatibility, banks lend below the amount that firms need for optimal production. The longer time needed for export shipments induces a tighter credit constraint on exporters than on purely domestic firms. In our application to Chinese firms, we find that the credit constraint is more stringent as a firm's export share grows, as...
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作者：Behar, Alberto; Nelson, Benjamin D.
作者单位：International Monetary Fund; Bank of England
摘要：Anderson and van Wincoop (2003) showed the importance of multilateral resistance general equilibrium effects in estimating the response of trade flows to trade costs. We integrate this into Helpman, Melitz, and Rubinstein's (2008) extension of Anderson and van Wincoop's framework, which allows for firm heterogeneity, in order to quantify the different margins of adjustment. For bilateral trade cost changes, the general equilibrium effects are small. Surprisingly, most country pairs reduce thei...
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作者：Gross, Tal; Notowidigdo, Matthew J.; Wang, Jialan
作者单位：Columbia University; National Bureau of Economic Research; University of Chicago
摘要：We estimate the extent to which legal and administrative fees prevent liquidity-constrained households from declaring bankruptcy. To do so, we study how the 2001 and 2008 tax rebates affected consumer bankruptcy filings. We exploit the randomized timing of the rebate checks and estimate that the rebates caused a significant short-run increase in consumer bankruptcies in both years, with larger effects in 2008 when the rebates were more generous and more widely distributed. Using hand-collected...
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作者：Anderson, Michael L.; Dobkin, Carlos; Gross, Tal
作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research; University of California System; University of California Santa Cruz; Columbia University
摘要：Health insurance affects the rate at which individuals visit hospitals and emergency departments (EDs). We identify the causal effect of losing health insurance using a regression discontinuity design. We compare individuals just before and after their twenty third birthday, which insurers have used as a cutoff after which students are no longer eligible for their parents' health insurance: 1.5% of young adults lose their health insurance upon turning 23, and this transition leads to a 1.6% de...
