National Bureau of Economic Research最新文献

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Do Local Governments Represent Voter Preferences? Evidence from Hospital Financing under the Affordable Care Act 地方政府代表选民的偏好吗?来自《平价医疗法案》下医院融资的证据
National Bureau of Economic Research Pub Date : 2019-07-01 DOI: 10.3386/W26094
Victoria E Perez, J. Ross, K. Simon
{"title":"Do Local Governments Represent Voter Preferences? Evidence from Hospital Financing under the Affordable Care Act","authors":"Victoria E Perez, J. Ross, K. Simon","doi":"10.3386/W26094","DOIUrl":"https://doi.org/10.3386/W26094","url":null,"abstract":"A mainstream motivation for decentralized government is to enable public service investments to better align with political preferences that may differ by geographical region. This paper examines how political preferences determine local government provision of hospital services. We find that local governments in areas more supportive of public insurance expansion responded to such state action by increasing expenditures on hospitals, whereas those in areas that voted against such expansions used the savings to reduce property taxes. This finding suggests that local government financial responses indeed align with political preferences.","PeriodicalId":18934,"journal":{"name":"National Bureau of Economic Research","volume":"7 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85266475","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Capital in the Nineteenth Century 19世纪的《资本论
National Bureau of Economic Research Pub Date : 2019-01-01 DOI: 10.7208/chicago/9780226633251.001.0001
R. Gallman, P. Rhode
{"title":"Capital in the Nineteenth Century","authors":"R. Gallman, P. Rhode","doi":"10.7208/chicago/9780226633251.001.0001","DOIUrl":"https://doi.org/10.7208/chicago/9780226633251.001.0001","url":null,"abstract":"When we think about history, we often think about people, events, ideas, and revolutions, but what about the numbers? What do the data tell us about what was, what is, and how things changed over time? Economist Robert E. Gallman (1926–98) gathered extensive data on US capital stock and created a legacy that has, until now, been difficult for researchers to access and appraise in its entirety. Gallman measured American capital stock from a range of perspectives, viewing it as the accumulation of income saved and invested, and as an input into the production process. He used the level and change in the capital stock as proxy measures for long-run economic performance. Analyzing data in this way from the end of the US colonial period to the turn of the twentieth century, Gallman placed our knowledge of the long nineteenth century—the period during which the United States began to experience per capita income growth and became a global economic leader—on a strong empirical foundation. Gallman’s research was painstaking and his analysis meticulous, but he did not publish the material backing to his findings in his lifetime. Here Paul W. Rhode completes this project, giving permanence to a great economist’s insights and craftsmanship. Gallman’s data speak to the role of capital in the economy, which lies at the heart of many of the most pressing issues today.","PeriodicalId":18934,"journal":{"name":"National Bureau of Economic Research","volume":"61 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85482822","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 14
Does School Spending Matter? The New Literature on an Old Question 学校开支重要吗?一个老问题的新文学
National Bureau of Economic Research Pub Date : 2018-12-01 DOI: 10.3386/W25368
Kirabo Jackson
{"title":"Does School Spending Matter? The New Literature on an Old Question","authors":"Kirabo Jackson","doi":"10.3386/W25368","DOIUrl":"https://doi.org/10.3386/W25368","url":null,"abstract":"Social scientists have long sought to examine the causal impact of school spending on child outcomes. For a long time, the literature on this topic was largely descriptive so that it had been difficult to draw strong causal claims. However, there have been several recent studies in this space that employ larger data-sets and use quasi-experimental methods that allow for much more credible causal claims. Focusing on studies of students in the United States, this paper briefly discusses the older literature and highlights some of its limitations. It then describes a recent quasi-experimental literature on the impact of school spending on child outcomes, highlights some key papers, and presents a summary of the recent findings. Policy implications and areas for future research are discussed.","PeriodicalId":18934,"journal":{"name":"National Bureau of Economic Research","volume":"7 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91341997","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 108
Behavior within a Clinical Trial and Implications for Mammography Guidelines 临床试验中的行为及其对乳腺x线照相术指南的影响
National Bureau of Economic Research Pub Date : 2018-09-01 DOI: 10.3386/W25049
Amanda E. Kowalski
{"title":"Behavior within a Clinical Trial and Implications for Mammography Guidelines","authors":"Amanda E. Kowalski","doi":"10.3386/W25049","DOIUrl":"https://doi.org/10.3386/W25049","url":null,"abstract":"I unite the economics and medical literatures by examining behavior within a clinical trial to inform treatment guidelines. I use data from the Canadian National Breast Screening Study, an influential clinical trial on mammography. During the active study period of the trial, a substantial fraction of women in the control group received mammograms, and some women in the intervention group did not. Using this mammography behavior, random assignment within the trial, and a standard model from the economics literature, I divide participants into three groups that differ in how likely they are to receive mammograms. Making comparisons across these groups, I find two important relationships. First, I find heterogeneous selection into mammography: women more likely to receive mammograms are healthier. I find this relationship using a marginal treatment effect model that assumes no more than the local average treatment effect assumptions. Second, I find treatment effect heterogeneity along the margin of selection into mammography: women more likely to receive mammograms are more likely to experience harm from them. I find this relationship using an ancillary assumption that builds on the first empirical relationship. I find additional empirical support for the ancillary assumption using baseline covariates. My findings contribute to the literature concerned about harms from mammography by demonstrating variation across the margin of selection into mammography. This variation is problematic for current mammography guidelines for women in their 40s because it implies that they unintentionally encourage mammography for healthier women who are more likely to experience harm from them.","PeriodicalId":18934,"journal":{"name":"National Bureau of Economic Research","volume":"132 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82952540","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 9
Mirrlees meets Diamond-Mirrlees: simplifying nonlinear income taxation Mirrlees满足Diamond-Mirrlees:简化非线性所得税
National Bureau of Economic Research Pub Date : 2018-09-01 DOI: 10.3386/W22076
Florian Scheuer, I. Werning
{"title":"Mirrlees meets Diamond-Mirrlees: simplifying nonlinear income taxation","authors":"Florian Scheuer, I. Werning","doi":"10.3386/W22076","DOIUrl":"https://doi.org/10.3386/W22076","url":null,"abstract":"We show that the Diamond and Mirrlees (1971) linear tax model contains the Mirrlees (1971) nonlinear tax model as a special case. In this sense, the Mirrlees model is an application of Diamond-Mirrlees. We also provide a simple derivation of the Mirrleesian optimal income tax formula from the Diamond-Mirrlees commodity tax formula. In the Mirrlees model, the relevant compensated cross-price elasticities are zero, providing a situation where an inverse elasticity rule holds. We provide four extensions that illustrate the power and ease of our approach, based on Diamond-Mirrlees, to study nonlinear taxation. First, we consider annual taxation in a lifecycle context. Second, we include human capital investments. Third, we incorporate more general forms of heterogeneity into the basic Mirrlees model. Fourth, we consider an extensive margin labor force participation decision, alongside the intensive margin choice. In all these cases, the relevant optimality condition is easily obtained as a direct application of the general Diamond-Mirrlees linear tax formula.","PeriodicalId":18934,"journal":{"name":"National Bureau of Economic Research","volume":"41 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74203873","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 12
Unintended Consequences of Eliminating Tax Havens 消除避税天堂的意外后果
National Bureau of Economic Research Pub Date : 2018-07-19 DOI: 10.3386/W24850
J. Serrato
{"title":"Unintended Consequences of Eliminating Tax Havens","authors":"J. Serrato","doi":"10.3386/W24850","DOIUrl":"https://doi.org/10.3386/W24850","url":null,"abstract":"Eliminating firms' access to tax havens can have unintended consequences for their domestic economic activity. We study a policy that limited profit shifting by US multinationals and show it raised the tax cost of domestic investment. Firms affected by the policy responded by reducing investment and domestic employment. Firm-level responses were amplified to local labor markets through the establishment networks of profit-shifting firms. More exposed local labor markets experienced declines in employment, income, and home values and saw increases in government transfers. Policy proposals that limit profit shifting should therefore consider effects on economic activity in addition to tax revenue.","PeriodicalId":18934,"journal":{"name":"National Bureau of Economic Research","volume":"175 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-07-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79760185","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 64
Return Migrants' Self-Selection: Evidence for Indian Inventors 回归移民的自我选择:印度发明家的证据
National Bureau of Economic Research Pub Date : 2018-07-13 DOI: 10.7208/9780226695761-003
Stefano Breschi, F. Lissoni, Ernest Miguelez
{"title":"Return Migrants' Self-Selection: Evidence for Indian Inventors","authors":"Stefano Breschi, F. Lissoni, Ernest Miguelez","doi":"10.7208/9780226695761-003","DOIUrl":"https://doi.org/10.7208/9780226695761-003","url":null,"abstract":"Based on an original dataset linking patent data and biographical information for a large sample of US immigrant inventors with Indian names and surnames, specialized in ICT technologies, we investigate the rate and determinants of return migration. For each individual in the dataset, we both estimate the year of entry in the United States, the likely entry channel (work or education), and the permanence spell up to either the return to India or right truncation. By means of survival analysis, we then provide exploratory estimates of the probability of return migration as a function of the conditions at migration (age, education, patenting record, migration motives, and migration cohort) as well as of some activities undertaken while abroad (education and patenting). We find both evidence of negative self-selection with respect to educational achievements in the US and of positive self-selection with respect to patenting propensity. Based on the analysis of time-dependence of the return hazard ratios, return work migrants appear to be negatively self-selected with respect to unobservable skills acquired abroad, while evidence for education migrants is less conclusive.","PeriodicalId":18934,"journal":{"name":"National Bureau of Economic Research","volume":"557 1","pages":"17-48"},"PeriodicalIF":0.0,"publicationDate":"2018-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77152809","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 9
Sorting or Steering: Experimental Evidence on the Economic Effects of Housing Discrimination 分类还是导向:住房歧视经济效应的实验证据
National Bureau of Economic Research Pub Date : 2018-07-13 DOI: 10.3386/W24826
P. Christensen, C. Timmins
{"title":"Sorting or Steering: Experimental Evidence on the Economic Effects of Housing Discrimination","authors":"P. Christensen, C. Timmins","doi":"10.3386/W24826","DOIUrl":"https://doi.org/10.3386/W24826","url":null,"abstract":"Housing discrimination is illegal. However, paired-tester audit experiments have revealed evidence of discrimination in the interactions between potential buyers and real estate agents, raising concern about whether certain groups are systematically excluded from the beneficial effects of healthy neighborhoods. Using data from HUD’s most recent Housing Discrimination Study and micro-level data on key attributes of neighborhoods in 28 US cities, we find strong evidence of discrimination in the characteristics of neighborhoods towards which individuals are steered. Conditional upon the characteristics of the house suggested by the audit tester, minorities are significantly more likely to be steered towards neighborhoods with less economic opportunity and greater exposures to crime and local pollutants. We find that holding locational preferences or income constant, discriminatory steering alone can contribute substantially to the disproportionate number of minority households found in high poverty neighborhoods in the United States. The steering effect is also large enough to fully explain the differential in proximity to Superfund sites among African American mothers. These results have important implications for studies of “neighborhood effects” and confirm an important mechanism underlying observed correlations between race and pollution in the environmental justice literature. Our results also suggest that the basic utility maximization assumptions underlying hedonic and residential sorting models may often be violated, resulting in an important distortion in the provision of local public goods.","PeriodicalId":18934,"journal":{"name":"National Bureau of Economic Research","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-07-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85688018","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 36
The Run on Repo and the Fed's Response 回购挤兑和美联储的应对
National Bureau of Economic Research Pub Date : 2018-07-01 DOI: 10.3386/W24866
Gary B. Gorton, Toomas Laarits, Andrew Metrick
{"title":"The Run on Repo and the Fed's Response","authors":"Gary B. Gorton, Toomas Laarits, Andrew Metrick","doi":"10.3386/W24866","DOIUrl":"https://doi.org/10.3386/W24866","url":null,"abstract":"The Financial Crisis began and accelerated in short-term money markets. One such market is the multi-trillion dollar sale-and-repurchase (“repo”) market, where prices show strong reactions during the crisis. The academic literature and policy community remain unsettled about the role of repo runs, because detailed data on repo quantities is not available. We provide quantity evidence of the run on repo through an examination of the collateral brought to emergency liquidity facilities of the Federal Reserve. We show that the magnitude of repo discounts (“haircuts”) on specific collateral is related to the likelihood of that collateral being brought to Fed facilities.","PeriodicalId":18934,"journal":{"name":"National Bureau of Economic Research","volume":"33 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76203611","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Do Walmart Supercenters Improve Food Security? 沃尔玛超市能改善食品安全吗?
National Bureau of Economic Research Pub Date : 2018-06-01 DOI: 10.3386/w24750
Charles Courtemanche, Art Carden, Murugi Ndirangu, Xilin Zhou
{"title":"Do Walmart Supercenters Improve Food Security?","authors":"Charles Courtemanche, Art Carden, Murugi Ndirangu, Xilin Zhou","doi":"10.3386/w24750","DOIUrl":"https://doi.org/10.3386/w24750","url":null,"abstract":"This paper examines the effect of Walmart Supercenters, which lower food prices and expand food availability, on household and child food insecurity. Our food insecurity-related outcomes come from the 2001-2012 waves of the December Current Population Study Food Security Supplement. Using narrow geographic identifiers available in the restricted version of these data, we compute the distance between each household's census tract of residence and the nearest Walmart Supercenter. We estimate instrumental variables models that leverage the predictable geographic expansion patterns of Walmart Supercenters outward from Walmart's corporate headquarters. Results suggest that closer proximity to a Walmart Supercenter improves the food security of households and children, as measured by number of affirmative responses to a food insecurity questionnaire and an indicator for food insecurity. The effects are largest among lowincome households and children, but are also sizeable for middle-income children.","PeriodicalId":18934,"journal":{"name":"National Bureau of Economic Research","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://doi.org/10.3386/w24750","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147907576","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
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