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Psychological well-being and child tax credit: Comparative assessment of payment approaches 心理健康和儿童税收抵免:支付方式的比较评估
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-07-03 DOI: 10.1016/j.econlet.2025.112494
Teshager Assefa Sisha , Shuoli Zhao , Yuqing Zheng
{"title":"Psychological well-being and child tax credit: Comparative assessment of payment approaches","authors":"Teshager Assefa Sisha ,&nbsp;Shuoli Zhao ,&nbsp;Yuqing Zheng","doi":"10.1016/j.econlet.2025.112494","DOIUrl":"10.1016/j.econlet.2025.112494","url":null,"abstract":"<div><div>The expanded Child Tax Credit (CTC) has the potential to improve the mental well-being of families with dependent children. This study investigates the impact of CTC disbursement methods – monthly installments versus a single, equivalent lump-sum payment – on the mental health of low-income households, a particularly vulnerable population. Using data from the Household Pulse Survey and a triple difference analysis, we compare the correlation between these two disbursement strategies and four key mental health indicators: anxiety, worry, disinterest, and down feeling. Results demonstrate that lump-sum disbursements are associated with significantly greater improvements in mental health outcomes. While monthly payments may offer distinct, potentially longer-term benefits, our findings highlight the superior short-term mental health outcomes associated with lump-sum disbursements. These results point to the importance of disbursement strategy in the design and implementation of financial support programs aimed at improving family well-being.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112494"},"PeriodicalIF":2.1,"publicationDate":"2025-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144580682","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Smarter supply chains, stronger resilience? The impact of AI on preparation, response, and recovery 更智能的供应链,更强的弹性?人工智能对准备、响应和恢复的影响
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-07-03 DOI: 10.1016/j.econlet.2025.112488
Haodan Tang, Kaiwen Wu, Jing Zhou
{"title":"Smarter supply chains, stronger resilience? The impact of AI on preparation, response, and recovery","authors":"Haodan Tang,&nbsp;Kaiwen Wu,&nbsp;Jing Zhou","doi":"10.1016/j.econlet.2025.112488","DOIUrl":"10.1016/j.econlet.2025.112488","url":null,"abstract":"<div><div>This paper examines the impact of artificial intelligence (AI) adoption on corporate supply chain resilience, with particular attention to the stages of pre-event preparation, in-event response, and post-event recovery. Leveraging a machine learning–enhanced text analysis approach to measure firm-level AI adoption, the study finds that AI adoption significantly enhances supply chain resilience across all phases by reducing supply chain dependence and improving continuity and efficiency.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112488"},"PeriodicalIF":2.1,"publicationDate":"2025-07-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144570786","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
On the effect of e-commerce’s spread on inflation 论电子商务传播对通货膨胀的影响
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-07-02 DOI: 10.1016/j.econlet.2025.112464
Jakub Mućk , Aneta Błażejowska , Karolina Łapszys , Karol Szafranek
{"title":"On the effect of e-commerce’s spread on inflation","authors":"Jakub Mućk ,&nbsp;Aneta Błażejowska ,&nbsp;Karolina Łapszys ,&nbsp;Karol Szafranek","doi":"10.1016/j.econlet.2025.112464","DOIUrl":"10.1016/j.econlet.2025.112464","url":null,"abstract":"<div><div>Online purchasing has become a prevalent form of shopping in many economies, raising questions about its impact on price dynamics. We contribute to the literature by quantifying this effect. To this end, we employ unique data on the penetration of e-commerce transactions in retail trade and estimate a dynamic panel data model on annual data for 24 European economies and the US using a bootstrap-based bias-corrected framework. We document that rising popularity of e-commerce acts in a disinflationary manner – a 1% increase in the spread of online transactions in retail trade lowers headline and core inflation by roughly 0.03 pp and 0.02 pp on impact and by 0.05 pp and 0.04 pp over the long term. In cumulative terms, over the 2004–2024 period, rapid e-commerce expansion has lowered the overall price level across all economies by 10%, on average.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112464"},"PeriodicalIF":2.1,"publicationDate":"2025-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144571781","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Removing non-reusable plastic bottled water: sustainability vs. health? 去除不可重复使用的瓶装水:可持续性与健康?
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-07-02 DOI: 10.1016/j.econlet.2025.112471
Ariadna Garcia-Prado , Beomsoo Kim , Isabel Rodriguez-Tejedo
{"title":"Removing non-reusable plastic bottled water: sustainability vs. health?","authors":"Ariadna Garcia-Prado ,&nbsp;Beomsoo Kim ,&nbsp;Isabel Rodriguez-Tejedo","doi":"10.1016/j.econlet.2025.112471","DOIUrl":"10.1016/j.econlet.2025.112471","url":null,"abstract":"<div><div>This study examines the unintended consequences of a policy banning non-reusable bottled water in public institutions in Navarra, Spain, focusing on its impact on vending machine beverage consumption. Utilizing a difference-in-difference (DID) methodology, we compare the consumption from vending machines at a public university affected by the ban with a neighboring private university that was not. Our analysis reveals a significant substitution effect: the consumption of carbonated and non-carbonated sugary sweetened beverages (SSBs) increased by 44.1 % on daily basis per vending machine. This shift equates to an additional consumption of 77 g of sugar per day and vending machine, highlighting a health trade-off for environmental gains. The study contributes to the environmental and health economics literature by providing causal evidence on the impact of plastic-free policies.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112471"},"PeriodicalIF":2.1,"publicationDate":"2025-07-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144596377","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Does age help or hurt Oscar-nominated actors’ chances of winning a statuette? 年龄对奥斯卡提名演员赢得小金人的机会是有利还是不利?
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-07-01 DOI: 10.1016/j.econlet.2025.112483
Pablo A. Peña
{"title":"Does age help or hurt Oscar-nominated actors’ chances of winning a statuette?","authors":"Pablo A. Peña","doi":"10.1016/j.econlet.2025.112483","DOIUrl":"10.1016/j.econlet.2025.112483","url":null,"abstract":"<div><div>Using publicly available data from 97 Academy Awards ceremonies between 1929 and 2025, we analyze whether the chances of winning an Oscar for best actor in leading or supporting roles are associated with the age of the nominee relative to the pool of nominees in the same year and category. We find that among male nominees, age helps their chances of winning. Among female nominees, age neither helps nor hurts. Thus, among young nominees, women have better odds of winning than men, whereas among older nominees, men have better odds than women. We discuss potential causes and differences with other sectors. Lastly, we document other patterns among Oscar nominees: (i) the age gap across genders has been stable; (ii) the growth in average age matches US population trends; and (iii) having received an Oscar hurts the chances of winning another statuette.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112483"},"PeriodicalIF":2.1,"publicationDate":"2025-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144549061","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Geopolitical risk exposure and credit terms: Evidence from Global supply chains 地缘政治风险暴露和信贷条件:来自全球供应链的证据
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-07-01 DOI: 10.1016/j.econlet.2025.112478
Ning Tang , Yin-Siang Huang
{"title":"Geopolitical risk exposure and credit terms: Evidence from Global supply chains","authors":"Ning Tang ,&nbsp;Yin-Siang Huang","doi":"10.1016/j.econlet.2025.112478","DOIUrl":"10.1016/j.econlet.2025.112478","url":null,"abstract":"<div><div>This study investigates how geopolitical risks embedded in global supply chains affect corporate credit terms. Using a Difference-in-Differences design, we show that firms with customers or suppliers in high-risk regions face significantly higher loan spreads. Despite elevated risk, these firms are granted larger loan amounts after lender due diligence, with longer maturities observed particularly when suppliers are concentrated in geopolitically sensitive areas. The results highlight that lenders distinguish between upstream and downstream exposure when pricing and structuring credit, offering new insights into how geopolitical uncertainty transmits through supply chain networks to influence international lending behavior.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112478"},"PeriodicalIF":2.1,"publicationDate":"2025-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144570785","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
When less is not always more: Issue frequency and borrowing costs in commercial paper market 少不等于多:商业票据市场的发行频率和借贷成本
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-06-30 DOI: 10.1016/j.econlet.2025.112459
Vidya Kamate, Abhishek Ranjan
{"title":"When less is not always more: Issue frequency and borrowing costs in commercial paper market","authors":"Vidya Kamate,&nbsp;Abhishek Ranjan","doi":"10.1016/j.econlet.2025.112459","DOIUrl":"10.1016/j.econlet.2025.112459","url":null,"abstract":"<div><div>Despite being issued by sizable, financially sound corporations with strong ratings, commercial papers (CPs) exhibit significant yield differences, even among entities within the same rating bracket. We provide novel empirical evidence of an important factor that determines CP yields i.e. frequency of CP issuance. Using data on primary CP issues in India, we find that borrowing costs are significantly lower for each subsequent issue of a CP issuer. Consistent with asymmetric information channel, we find that yield premium for infrequent issues is higher in periods of heightened information asymmetry such as high equity market volatility and COVID-19 pandemic period.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112459"},"PeriodicalIF":2.1,"publicationDate":"2025-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144549064","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
How (In)elastic is the short-run demand for electricity? 短期电力需求的弹性如何?
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-06-27 DOI: 10.1016/j.econlet.2025.112453
Francesco Scarazzato
{"title":"How (In)elastic is the short-run demand for electricity?","authors":"Francesco Scarazzato","doi":"10.1016/j.econlet.2025.112453","DOIUrl":"10.1016/j.econlet.2025.112453","url":null,"abstract":"<div><div>This paper examines how the aggregate demand for electricity responds to changes in hourly wholesale market prices. I focus on a hydropower-rich country and use data on imported wind energy and accumulated precipitation as instruments for price. Using data from Switzerland from 2016 to 2023, I find that both instruments have a strong and significant price-depressing effect, and I estimate the price elasticity of aggregate demand to be <span><math><mrow><mo>−</mo><mn>0</mn><mo>.</mo><mn>1</mn></mrow></math></span>. However, this responsiveness is entirely driven by the consumption of storage systems and power plants, while end-user demand remains perfectly inelastic to price fluctuations in the short-run.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112453"},"PeriodicalIF":2.1,"publicationDate":"2025-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144517773","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Unemployment dynamics in the United Kingdom: a quarter-millennium perspective 英国失业动态:四分之一千年的视角
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-06-26 DOI: 10.1016/j.econlet.2025.112468
Ali Gokhan Yucel , Saban Nazlioglu
{"title":"Unemployment dynamics in the United Kingdom: a quarter-millennium perspective","authors":"Ali Gokhan Yucel ,&nbsp;Saban Nazlioglu","doi":"10.1016/j.econlet.2025.112468","DOIUrl":"10.1016/j.econlet.2025.112468","url":null,"abstract":"<div><div>This letter examines the persistence of unemployment in the United Kingdom (UK) using over a quarter of a millennium of data, spanning from 1760 to 2023. The results from the quantile unit root approach—accounting for non-normal distributions, structural changes, and non-linearity—reveal asymmetric unemployment dynamics. Shocks to unemployment appear transitory in low-unemployment regimes but are persistent in high-unemployment regimes. The findings highlight the importance of accounting for asymmetries in labor market adjustments.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112468"},"PeriodicalIF":2.1,"publicationDate":"2025-06-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144517774","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Information quality in sequential persuasion 序贯说服中的信息质量
IF 2.1 4区 经济学
Economics Letters Pub Date : 2025-06-25 DOI: 10.1016/j.econlet.2025.112452
Wataru Kitano
{"title":"Information quality in sequential persuasion","authors":"Wataru Kitano","doi":"10.1016/j.econlet.2025.112452","DOIUrl":"10.1016/j.econlet.2025.112452","url":null,"abstract":"<div><div>In Bayesian persuasion with multiple senders disclosing information sequentially, the conditions under which the entry of new senders can reduce information quality remain ambiguous. This paper shows that informativeness-reducing entry can occur if and only if the incumbent sender exhibits a sufficiently strong aversion to full disclosure.</div></div>","PeriodicalId":11468,"journal":{"name":"Economics Letters","volume":"254 ","pages":"Article 112452"},"PeriodicalIF":2.1,"publicationDate":"2025-06-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144489748","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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