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Longevity Perceptions and Saving Decisions during the COVID-19 Outbreak: An Experimental Investigation

By Abigail Hurwitz, Olivia S. Mitchell, and Orly Sade

òòò½Íø Papers and Proceedings, May 2021

We experimentally study individuals' perceptions about and advice to others regarding retirement savings and annuitization during the pandemic. Many people recommend that others save more for retirement, but those most affected by the pandemic tell others...

The Impact of the COVID-19 Pandemic on Consumption: Learning from High-Frequency Transaction Data

By Haiqiang Chen, Wenlan Qian, and Qiang Wen

òòò½Íø Papers and Proceedings, May 2021

We use daily transaction data in 214 cities to study the impact of COVID-19 on consumption after China's outbreak in late January 2020. Based on difference-in-difference estimation, daily offline consumption—via bank card and mobile Quick Response code ...

Estimating the Elasticity to Real-Time Pricing: Evidence from the Spanish Electricity Market

By Natalia Fabra, David Rapson, Mar Reguant, and Jingyuan Wang

òòò½Íø Papers and Proceedings, May 2021

We estimate consumer response to the first large-scale real-time electricity pricing (RTP) program. In 2015, RTP became the default tariff for residential customers in Spain, exposing them to prices that vary hourly based on day-ahead wholesale prices. Us...

Pure-Chance Jobs versus a Labor Market: The Impact on Careers of a Random Serial Dictatorship for First Job Seekers

By Ashna Arora, Leonard Goff, and Jonas Hjort

òòò½Íø Papers and Proceedings, May 2021

Do workers' first jobs affect their careers? Do such first-job effects (FJEs) vary across worker types? If so, can policy improve upon a "free" labor market by altering initial worker-employer matches? We study these questions using Norway's pre–2013 sy...