蝌蚪网

Trends in Employment and Earnings of Allowed and Rejected Applicants to the Social Security Disability Insurance Program

By Till von Wachter, Jae Song, and Joyce Manchester

蝌蚪网 Review, December 2011

Longitudinal administrative data show that rejected male applicants to the Disability Insurance (DI) program who are younger or have low-mortality impairments such as back pain and mental health problems exhibit substantial labor force attachment. While w...

Competition, Risk, and Managerial Incentives

By Michael Raith

蝌蚪网 Review, September 2003

Economic and Productivity Growth in Canadian Industries

By Wulong Gu, Frank C. Lee, and Jianmin Tang

蝌蚪网 Review, May 2000

Multi-category Competition and Market Power: A Model of Supermarket Pricing

By 脴测惫颈苍诲 Thomassen, Howard Smith, Stephan Seiler, and Pasquale Schiraldi

蝌蚪网 Review, August 2017

In many competitive settings, consumers buy multiple product categories, and some prefer to use a single firm, generating complementary cross-category price effects. To study pricing in supermarkets, an organizational form where these effects are internal...

Consumption and Debt Response to Unanticipated Income Shocks: Evidence from a Natural Experiment in Singapore

By Sumit Agarwal and Wenlan Qian

蝌蚪网 Review, December 2014

This paper uses a unique panel dataset of consumer financial transactions to study how consumers respond to an exogenous unanticipated income shock. Consumption rose significantly after the fiscal policy announcement: during the ten subsequent months, for...

Time to Retire? The Effect of State Fiscal Policies on Retirement Decisions

By Tami Gurley-Calvez and Brian Hill

蝌蚪网 Review, May 2011

Our research addresses the importance of state fiscal policies on the probability of retirement using a panel of individual tax return data. Results indicate that a one percentage point increase in the income or sales tax rate reduces the probability of r...

Modeling Macroeconomies as Open-Ended Dynamic Systems of Interacting Agents

By Blake LeBaron and Leigh Tesfatsion

蝌蚪网 Review, May 2008

The Network Structure of International Trade

By Thomas Chaney

蝌蚪网 Review, November 2014

Motivated by empirical evidence I uncover on the dynamics of French firms exports, I offer a novel theory of trade frictions. Firms only export into markets where they have a contact. They directly search for new trading partners, but also use their ex...

Tobacco at the Crossroads: The Past and Future of Smoking Regulation in the United States

By Jonathan Gruber

Journal of Economic Perspectives, Spring 2001

The past five years have seen a dramatic turn of events against the tobacco industry, raising the question of the appropriate future path for smoking policy in the U.S. This paper discusses the theory and evidence on regulation of smoking. I begin by revi...

Aging in Europe: Reforms, International Diversification, and Behavioral Reactions

By Axel 叠枚谤蝉肠丑-厂耻辫补苍, Klaus 贬盲谤迟濒, and Alexander Ludwig

蝌蚪网 Review, May 2014

The extent of demographic changes in Europe is much more drastic than in the United States. This paper studies the effects of population aging on the interactions between economic growth and living standards in Europe with labor market and pension reform,...

Policy Watch: Cutting Capital Gains Taxes

By Gerald E. Auten and Joseph J. Cordes

Journal of Economic Perspectives, Winter 1991

From 1922 to 1986, long-term capital gains were taxed at lower rates than other income, generally by allowing a portion of long-term capital gains to be excluded from taxable income. While taxing capital gains at the same rates as other income has been ha...

On Discrimination in Auctions with Endogenous Entry

By Philippe Jehiel and Laurent Lamy

蝌蚪网 Review, August 2015

When entry is exogenous, strong buyers should be discriminated against weak buyers to maximize revenues (Myerson 1981). When entry is endogenous so that entrants' expected payoffs do not depend on the proposed mechanism, optimal discrimination takes a com...

Winter Is Coming: Robert Gordon and the Future of Economic Growth

By Gregory Clark

蝌蚪网 Review, May 2016

This comment assesses the claim of The Rise and Fall of American Growth that for coming decades, growth in US TFP will continue the disappointing pace of the last decade. While predicting future technological advance is difficult, there are indic...

Predatory versus Productive Government: The Case of U.S. Agricultural Policies

By Gordon C. Rausser

Journal of Economic Perspectives, Summer 1992

This essay will argue that agricultural policy in the United States has led to both the enhancement of efficiency through "productive policies" and the transfer of wealth and income to special interests through redistributive or "predatory policies." Thes...

Wealth Heterogeneity and the Income Elasticity of Migration

By Samuel Bazzi

蝌蚪网 Journal: Applied Economics, April 2017

How do income shocks affect international migration flows from poor countries? Income growth not only increases the opportunity cost of migration but also eases liquidity constraints. I develop a method to separate these countervailing individual effects ...

The Effect of Bans and Taxes on Passive Smoking

By 闯茅谤么尘别 Adda and Francesca Cornaglia

蝌蚪网 Journal: Applied Economics, January 2010

We evaluate the effect of smoking bans and excise taxes on the exposure to tobacco smoke of nonsmokers, and we show their unintended consequences on children. Smoking bans perversely increase nonsmokers' exposure by displacing smokers to private places...

School Choice: A Mechanism Design Approach

By Atila 础产诲耻濒办补诲颈谤辞臒濒耻 and Tayfun 厂枚苍尘别锄

蝌蚪网 Review, June 2003

A central issue in school choice is the design of a student assignment mechanism. Education literature provides guidance for the design of such mechanisms but does not offer specific mechanisms. The flaws in the existing school choice plans result in appe...

Do Physicians' Financial Incentives Affect Medical Treatment and Patient Health?

By Jeffrey Clemens and Joshua D. Gottlieb

蝌蚪网 Review, April 2014

We investigate whether physicians' financial incentives influence health care supply, technology diffusion, and resulting patient outcomes. In 1997, Medicare consolidated the geographic regions across which it adjusts physician payments, generating are...

The Market for College Graduates and the Worldwide Boom in Higher Education of Women

By Gary S. Becker, William H. J. Hubbard, and Kevin M. Murphy

蝌蚪网 Review, May 2010

Habit Formation in Consumption and Its Implications for Monetary-Policy Models

By Jeffrey C. Fuhrer

蝌蚪网 Review, June 2000

This paper explores a monetary-policy model with habit formation for consumers, in which consumers' utility depends in part on current consumption relative to past consumption. The empirical tests developed in the paper show that one can reject the hypoth...