蝌蚪网

Distributional and Efficiency Impacts of Gasoline Taxes: An Econometrically Based Multi-market Study

By Antonio M. Bento, Lawrence H. Goulder, Emeric Henry, Mark R. Jacobsen, and Roger H. von Haefen

蝌蚪网 Review, May 2005

The Rise of Middle Kingdoms: Emerging Economies in Global Trade

[Symposium: International Trade]

By Gordon H. Hanson

Journal of Economic Perspectives, Spring 2012

In this paper, I examine changes in international trade associated with the integration of low- and middle-income countries into the global economy. Led by China and India, the share of developing economies in global exports more than doubled between 1994...

Determinants of Redistributive Politics: An Empirical Analysis of Land Reforms in West Bengal, India

By Pranab Bardhan and Dilip Mookherjee

蝌蚪网 Review, September 2010

We investigate political determinants of land reform implementation in the Indian state of West Bengal. Using a village panel spanning 1974-1998, we do not find evidence supporting the hypothesis that land reforms were positively and monotonically relat...

Why Do College-Going Interventions Work?

By Scott Carrell and Bruce Sacerdote

蝌蚪网 Journal: Applied Economics, July 2017

We present evidence from a series of field experiments in college coaching/mentoring. We find large impacts on college attendance and persistence, but only in the treatments where we use an intensive boots-on-the-ground approach to helping students. Our...

Comment on Poirer: The Subjective Perspective of a "Spiritual Bayesian"

By John Rust

Journal of Economic Perspectives, Winter 1988

[This paper responds to "Frequentist and Subjectivist Perspectives on the Problems of Model Building in Economics," by Dale J. Poirier, in this same issue.] Professor Dale Poirier has preached a rousing sermon for the Bayesian cause and in doing so has co...

The Relationship between Unit Cost and Cumulative Quantity and the Evidence for Organizational Learning-by-Doing

By Peter Thompson

Journal of Economic Perspectives, Summer 2012

The concept of a learning curve for individuals has been around since the beginning of the twentieth century. The idea that an analogous phenomenon might also apply at the level of the organization took longer to emerge, but it had begun to figure promine...

The Value and Ownership of Intangible Capital

By Andrea L. Eisfeldt and Dimitris Papanikolaou

蝌蚪网 Review, May 2014

Intangible capital which relies on essential human inputs, or "organization capital," presents a unique challenge for measurement. Organization capital cannot be fully owned by firms' financiers, because it is partly embodied in key labor inputs. Instead,...

Declining Dynamism, Allocative Efficiency, and the Productivity Slowdown

By Ryan A. Decker, John Haltiwanger, Ron S. Jarmin, and Javier Miranda

蝌蚪网 Review, May 2017

A large literature documents declining measures of business dynamism including high-growth young firm activity and job reallocation. A distinct literature describes a slowdown in the pace of aggregate labor productivity growth. We relate these patterns by...

Causal Spousal Health Spillover Effects and Implications for Program Evaluation

By Jason Fletcher and Ryne Marksteiner

蝌蚪网 Journal: Economic Policy, November 2017

Current methods of cost effectiveness analysis implicitly assume zero spillovers among social ties. This can underestimate the benefits of health interventions and misallocate resources toward interventions with lower comprehensive effects. We discuss the...

Will Public Sector Retiree Health Benefit Plans Survive? Economic and Policy Implications of Unfunded Liabilities

By Robert L. Clark

蝌蚪网 Review, May 2009

Taxpayer Confusion: Evidence from the Child Tax Credit

By Naomi E. Feldman, Peter 碍补迟耻拧膷谩办, and Laura Kawano

蝌蚪网 Review, March 2016

We develop an empirical test for whether households understand or misperceive their marginal tax rate. Our identifying variation comes from the loss of the Child Tax Credit when a child turns 17. Using this age discontinuity, we find that despite this ...

Social Preferences under Risk: Equality of Opportunity versus Equality of Outcome

By Kota Saito

蝌蚪网 Review, December 2013

This paper axiomatizes a utility function for social preferences under risk. In the model, a single parameter captures a preference for equality of opportunity (i.e., equality of exante expected payoffs) relative to equality of outcome (i.e., equality o...

Income Smoothing and Consumption Smoothing

[Symposium: Consumption Smoothing in Developing Countries]

By Jonathan Morduch

Journal of Economic Perspectives, Summer 1995

One way that risk-averse households protect consumption levels is to borrow and use insurance mechanisms. Another way, common in low-income economies, is to diversify economic activities and make conservative production and employment choices. Households ...

Credit Spreads and Business Cycle Fluctuations

By Simon Gilchrist and Egon 窜补办谤补箩拧别办

蝌蚪网 Review, June 2012

Using micro-level data, we construct a credit spread index with considerable predictive power for future economic activity. We decompose the credit spread into a component that captures firm-specific information on expected defaults and a residual compone...

Winter Heating or Clean Air? Unintended Impacts of China's Huai River Policy

By Douglas Almond, Yuyu Chen, Michael Greenstone, and Hongbin Li

蝌蚪网 Review, May 2009

A Grand Gender Convergence: Its Last Chapter

By Claudia Goldin

蝌蚪网 Review, April 2014

The converging roles of men and women are among the grandest advances in society and the economy in the last century. These aspects of the grand gender convergence are figurative chapters in a history of gender roles. But what must the "last" chapter c...

Do Strict Capital Requirements Raise the Cost of Capital? Bank Regulation, Capital Structure, and the Low-Risk Anomaly

By Malcolm Baker and Jeffrey Wurgler

蝌蚪网 Review, May 2015

Traditional capital structure theory predicts that reducing banks' leverage reduces the risk and cost of equity but does not change the weighted average cost of capital, and thus the rates for borrowers. We confirm that the equity of better-capitalized ba...

Is There a Link between Foreclosure and Health?

By Janet Currie and Erdal Tekin

蝌蚪网 Journal: Economic Policy, February 2015

We investigate the relationship between foreclosures and hospital visits using data on all foreclosures and all hospital and emergency room visits from four states that were among the hardest hit by the foreclosure crisis. We find that living in a neighbo...

Gender, Competitiveness, and Study Choices in High School: Evidence from Switzerland

By Thomas Buser, Noemi Peter, and Stefan C. Wolter

蝌蚪网 Review, May 2017

Willingness to compete has been found to predict individual and gender differences in educational choices and labor market outcomes. We provide further evidence for this relationship by linking Swiss students' Baccalaureate school (high school) specializa...

Evil Is the Root of All Money

By Nobuhiro Kiyotaki and John Moore

蝌蚪网 Review, May 2002