蝌蚪网

Cities in Bad Shape: Urban Geometry in India

By Mariaflavia Harari

蝌蚪网 Review, August 2020

The spatial layout of cities is an important feature of urban form, highlighted by urban planners but overlooked by economists. This paper investigates the causal economic implications of city shape in India. I measure cities' geometric properties over ti...

Financial Crises, Dollarization, and Lending of Last Resort in Open Economies

By Luigi Bocola and Guido Lorenzoni

蝌蚪网 Review, August 2020

Foreign currency debt is considered a source of financial instability in emerging markets. We propose a theory in which liability dollarization arises from an insurance motive of domestic savers. Since financial crises are associated to depreciations, sav...

Escalation of Scrutiny: The Gains from Dynamic Enforcement of Environmental Regulations

By Wesley Blundell, Gautam Gowrisankaran, and Ashley Langer

蝌蚪网 Review, August 2020

The US Environmental Protection Agency (EPA) uses a dynamic approach to enforcing air pollution regulations, with repeat offenders subject to high fines and designation as high priority violators (HPV). We estimate the value of dynamic enforcement by deve...

Bartik Instruments: What, When, Why, and How

By Paul Goldsmith-Pinkham, Isaac Sorkin, and Henry Swift

蝌蚪网 Review, August 2020

The Bartik instrument is formed by interacting local industry shares and national industry growth rates. We show that the typical use of a Bartik instrument assumes a pooled exposure research design, where the shares measure differential exposure to commo...

Stability and Bayesian Consistency in Two-Sided Markets

By Qingmin Liu

蝌蚪网 Review, August 2020

We propose a criterion of stability for two-sided markets with asymmetric information. A central idea is to formulate off-path beliefs conditional on counterfactual pairwise deviations and on-path beliefs in the absence of such deviations. A matching-be...

Subsidy Policies and Insurance Demand

By Jing Cai, Alain de Janvry, and Elisabeth Sadoulet

蝌蚪网 Review, August 2020

Using data from a two-year pricing experiment, we study the impact of subsidy policies on weather insurance take-up. Results show that subsidies increase future insurance take-up through their influence on payout experiences. Exploring mechanisms of the p...

Representation matters

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How much can role models help to diversify the economics profession?

Front Matter

蝌蚪网 Journal: Economic Policy, August 2020

Is Occupational Licensing a Barrier to Interstate Migration?

By Janna E. Johnson and Morris M. Kleiner

蝌蚪网 Journal: Economic Policy, August 2020

Occupational licensure may limit the interstate movement of workers because it adds to the cost of moving between states. We analyze the interstate migration of 22 licensed occupations, proxying for the difficulty of the regulations by comparing state-spe...

The Rise of Working Mothers and the 1975 Earned Income Tax Credit

By Jacob Bastian

蝌蚪网 Journal: Economic Policy, August 2020

The rise of working mothers radically changed the US economy and the role of women in society. In one of the first studies of the 1975 introduction of the Earned Income Tax Credit, I find that this program increased maternal employment by 6 percent, repre...

Bunching to Maximize Tax Credits: Evidence from Kinks in the US Tax Schedule

By Jacob A. Mortenson and Andrew Whitten

蝌蚪网 Journal: Economic Policy, August 2020

We explore bunching at US income tax kinks using a panel of 258 million tax returns from 1996 to 2014. We find bunching at seven kinks, with nearly all bunching occurring at kinks maximizing tax credits. In our sample period, the total number of bunchers ...

Misunderstanding Nonlinear Prices: Evidence from a Natural Experiment on Residential Electricity Demand

By Blake Shaffer

蝌蚪网 Journal: Economic Policy, August 2020

This paper examines how consumers respond to nonlinear prices. Exploiting a natural experiment with electricity consumers in British Columbia, I find evidence that some households severely misunderstand nonlinear prices鈥攊ncorrectly perceiving that the m...

Adopt or Innovate: Understanding Technological Responses to Cap-and-Trade

By Raphael Calel

蝌蚪网 Journal: Economic Policy, August 2020

One important motivation for creating cap-and-trade programs for carbon emissions is the expectation that they will stimulate much-needed low-carbon innovation. I construct a new panel of British firms to investigate this hypothesis, finding that the Euro...

The Perils of High-Powered Incentives: Evidence from Colombia's False Positives

By Daron Acemoglu, Leopoldo Fergusson, James Robinson, Dario Romero, and Juan F. Vargas

蝌蚪网 Journal: Economic Policy, August 2020

We investigate the use of high-powered incentives for the Colombian military and show that this practice produced perverse side effects. Innocent civilians were killed and misrepresented as guerillas (a phenomenon known in Colombia as "false positives"). ...

Price-Linked Subsidies and Imperfect Competition in Health Insurance

By Sonia Jaffe and Mark Shepard

蝌蚪网 Journal: Economic Policy, August 2020

Policymakers subsidizing health insurance often face uncertainty about future market prices. We study the implications of one policy response: linking subsidies to prices to target a given postsubsidy premium. We show that these price-linked subsidies wea...

Long-Term Care Insurance: Information Frictions and Selection

By M. Martin Boyer, Philippe De Donder, Claude Fluet, Marie-Louise Leroux, and Pierre-Carl Michaud

蝌蚪网 Journal: Economic Policy, August 2020

This paper conducts a stated-choice experiment where respondents are asked to rate various insurance products aimed to protect against financial risks associated with long-term care needs. Using exogenous variation in prices from the survey design and ind...

Peer Effects in Residential Water Conservation: Evidence from Migration

By Bryan Bollinger, Jesse Burkhardt, and Kenneth T. Gillingham

蝌蚪网 Journal: Economic Policy, August 2020

Social interactions are widely understood to influence consumer decisions in many choice settings. This paper identifies causal peer effects in residential water conservation during the summer using variation from movers. We classify high-resolution remot...

Patient Cost-Sharing and Healthcare Utilization in Early Childhood: Evidence from a Regression Discontinuity Design

By Hsing-Wen Han, Hsien-Ming Lien, and Tzu-Ting Yang

蝌蚪网 Journal: Economic Policy, August 2020

This paper estimates the price elasticity of healthcare utilization in early childhood. We employ a regression discontinuity design by exploiting a subsidy that reduces patient cost-sharing for children under age 3 in Taiwan. Using longitudinal medical cl...

The Production Relocation and Price Effects of US Trade Policy: The Case of Washing Machines

By Aaron Flaaen, Ali 贬辞谤迟补莽蝉耻, and Felix Tintelnot

蝌蚪网 Review, July 2020

We estimate the price effect of US import restrictions on washers. The 2012 and 2016 antidumping duties against South Korea and China were accompanied by downward or minor price movements along with production relocation to other export platform countries...

Letter to 蝌蚪网 Members regarding proposed bylaw amendment

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