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Asymmetric Demand Response When Prices Increase and Decrease: The Case of Child Health Care 价格涨跌时的不对称需求反应:以儿童保健为例
The Review of Economics and Statistics Pub Date : 2023-09-01 DOI: 10.1162/rest_a_01110
Toshiaki Iizuka, Hitoshi Shigeoka
{"title":"Asymmetric Demand Response When Prices Increase and Decrease: The Case of Child Health Care","authors":"Toshiaki Iizuka, Hitoshi Shigeoka","doi":"10.1162/rest_a_01110","DOIUrl":"https://doi.org/10.1162/rest_a_01110","url":null,"abstract":"Abstract This study tests whether demand responds symmetrically to price increases and decreases—a seemingly obvious proposition under conventional demand theory that has not been rigorously tested. Exploiting the rapid expansion in Japanese municipal subsidies for child health care in a difference-in-differences framework, we find evidence against conventional demand theory: when coinsurance, our price measure, increases from 0% to 30%, the demand response is more than twice that to a price decrease from 30% to 0%. This result indicates that while economists and policymakers pay little attention, price change direction matters and should be incorporated into welfare analysis.","PeriodicalId":275408,"journal":{"name":"The Review of Economics and Statistics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135637924","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: 4
Strategic Complements or Substitutes? The Case of Adopting Health Information Technology by U.S. Hospitals 战略互补还是替代?美国医院采用卫生信息技术的案例
The Review of Economics and Statistics Pub Date : 2023-09-01 DOI: 10.1162/rest_a_01081
Jianjing Lin
{"title":"Strategic Complements or Substitutes? The Case of Adopting Health Information Technology by U.S. Hospitals","authors":"Jianjing Lin","doi":"10.1162/rest_a_01081","DOIUrl":"https://doi.org/10.1162/rest_a_01081","url":null,"abstract":"Abstract This paper explores the adoption choice of electronic medical records by U.S. hospitals, which could exhibit strategic complements or substitutes. I find complementarities in adoption through a reduced-form analysis with instruments for unobserved market characteristics. I further develop a dynamic oligopoly model to allow for strategic timing incentives that are missing in the static model. Adopting a dominant local vendor could increase per period profits from adoption by 9.2% over choosing a marginal vendor. A counterfactual analysis suggests that an incentive program rewarding coordination, not just adoption, is more effective in achieving interoperability, especially before the widespread adoption of the technology.","PeriodicalId":275408,"journal":{"name":"The Review of Economics and Statistics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135685698","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: 2
Review of Economics and Statistics 2023 Annual Report 《经济与统计评论2023年年报》
The Review of Economics and Statistics Pub Date : 2023-09-01 DOI: 10.1162/rest_e_01347
{"title":"<i>Review of Economics and Statistics</i> 2023 Annual Report","authors":"","doi":"10.1162/rest_e_01347","DOIUrl":"https://doi.org/10.1162/rest_e_01347","url":null,"abstract":"","PeriodicalId":275408,"journal":{"name":"The Review of Economics and Statistics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135346659","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: 0
Health, Longevity, and Welfare Inequality of Older Americans 美国老年人的健康、寿命和福利不平等
The Review of Economics and Statistics Pub Date : 2023-09-01 DOI: 10.1162/rest_a_01103
Ray Miller, Neha Bairoliya
{"title":"Health, Longevity, and Welfare Inequality of Older Americans","authors":"Ray Miller, Neha Bairoliya","doi":"10.1162/rest_a_01103","DOIUrl":"https://doi.org/10.1162/rest_a_01103","url":null,"abstract":"Abstract We estimate the distribution of well-being among the older U.S. population using an expected utility framework that incorporates differences in consumption, leisure, health, and mortality. We find large disparities in welfare that have increased over time. Incorporating the cost of living with poor health into elderly welfare substantially increases the overall inequality. Disparity measures based on cross-sectional income or consumption underestimate the growth in aggregate welfare inequality. Moreover, health is a better indicator of an individual's relative welfare position than income or consumption.","PeriodicalId":275408,"journal":{"name":"The Review of Economics and Statistics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135636426","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
Regime Stability and the Persistence of Traditional Practices 政权稳定与传统习俗的延续
The Review of Economics and Statistics Pub Date : 2023-09-01 DOI: 10.1162/rest_a_01078
Michael Poyker
{"title":"Regime Stability and the Persistence of Traditional Practices","authors":"Michael Poyker","doi":"10.1162/rest_a_01078","DOIUrl":"https://doi.org/10.1162/rest_a_01078","url":null,"abstract":"Abstract I examine why the harmful tradition of female genital mutilation (FGM) persists in certain countries but in others it has been eradicated. People are more willing to abandon their traditions if they are confident that the government is durable enough to set up long-term replacements for them. Using a country-ethnicity panel data set spanning 23 countries from 1970 to 2013 and artificial partition of African ethnic groups by national borders, I show that a one-standard-deviation larger increase in political regime durability leads to a 0.1-standard-deviation larger decline in the share of newly circumcised women, conditional on the presence of an anti-FGM government policy.","PeriodicalId":275408,"journal":{"name":"The Review of Economics and Statistics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135637921","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: 2
Impulse Purchases, Gun Ownership, and Homicides: Evidence from a Firearm Demand Shock 冲动购买、枪支所有权和杀人:来自枪支需求冲击的证据
The Review of Economics and Statistics Pub Date : 2023-09-01 DOI: 10.1162/rest_a_01106
Christoph Koenig, David Schindler
{"title":"Impulse Purchases, Gun Ownership, and Homicides: Evidence from a Firearm Demand Shock","authors":"Christoph Koenig, David Schindler","doi":"10.1162/rest_a_01106","DOIUrl":"https://doi.org/10.1162/rest_a_01106","url":null,"abstract":"Abstract Do firearm purchase delay laws reduce aggregate homicide levels? Using variation from a six-month countrywide gun demand shock in 2012/2013, we show that U.S. states with legislation preventing immediate handgun purchases experienced smaller increases in handgun sales. Our findings indicate that this is likely driven by comparatively lower purchases among impulsive consumers. We then demonstrate that states with purchase delays also witnessed comparatively 2% lower homicide rates during the same period. Further evidence shows that lower handgun sales coincided primarily with fewer impulsive assaults and points toward reduced acts of domestic violence.","PeriodicalId":275408,"journal":{"name":"The Review of Economics and Statistics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135894990","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: 2
Rules of Thumb and Attention Elasticities: Evidence from Under- and Overreaction to Taxes 经验法则和注意力弹性:来自对税收反应不足和过度的证据
The Review of Economics and Statistics Pub Date : 2023-09-01 DOI: 10.1162/rest_a_01126
William Morrison, Dmitry Taubinsky
{"title":"Rules of Thumb and Attention Elasticities: Evidence from Under- and Overreaction to Taxes","authors":"William Morrison, Dmitry Taubinsky","doi":"10.1162/rest_a_01126","DOIUrl":"https://doi.org/10.1162/rest_a_01126","url":null,"abstract":"Abstract This paper tests costly attention models of consumers' misreaction to opaque taxes. We report an online shopping experiment that involves shrouded sales taxes that are exogenously varied within consumers over time. Some consumers systematically underreact to sales taxes whereas others systematically overreact, but higher stakes decrease both under- and overreaction. This is consistent with consumers using heterogeneous rules of thumb to compute the opaque tax when the stakes are low, but using costly mental effort at higher stakes. The results allow us to differentiate between various theories of limited attention. We also develop novel econometric techniques for quantifying individual differences.","PeriodicalId":275408,"journal":{"name":"The Review of Economics and Statistics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135636427","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: 25
Commuting, Labor, and Housing Market Effects of Mass Transportation: Welfare and Identification 大众交通的通勤、劳动力和住房市场效应:福利与认同
The Review of Economics and Statistics Pub Date : 2023-09-01 DOI: 10.1162/rest_a_01100
Christopher Severen
{"title":"Commuting, Labor, and Housing Market Effects of Mass Transportation: Welfare and Identification","authors":"Christopher Severen","doi":"10.1162/rest_a_01100","DOIUrl":"https://doi.org/10.1162/rest_a_01100","url":null,"abstract":"Abstract I study Los Angeles Metro Rail's effects using panel data on bilateral commuting flows, a quantitative spatial model, and historically motivated quasi-experimental research designs. The model separates transit's commuting effects from local productivity or amenity effects, and spatial shift-share instruments identify inelastic labor and housing supply. Metro Rail connections increase commuting by 16% but do not have large effects on local productivity or amenities. Metro Rail generates $94 million in annual benefits by 2000 or 12–25% of annualized costs. Accounting for reduced congestion and slow transit adoption adds, at most, another $200 million in annual benefits.","PeriodicalId":275408,"journal":{"name":"The Review of Economics and Statistics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134971481","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: 49
Time-Varying Uncertainty of the Federal Reserve's Output Gap Estimate 美联储产出缺口估计的时变不确定性
The Review of Economics and Statistics Pub Date : 2023-09-01 DOI: 10.1162/rest_a_01102
Travis J. Berge
{"title":"Time-Varying Uncertainty of the Federal Reserve's Output Gap Estimate","authors":"Travis J. Berge","doi":"10.1162/rest_a_01102","DOIUrl":"https://doi.org/10.1162/rest_a_01102","url":null,"abstract":"Abstract A factor stochastic volatility model estimates the common component to output gap estimates produced by the staff of the Federal Reserve, its time-varying volatility, and time-varying, horizon-specific forecast uncertainty. The output gap estimates are uncertain even well after the fact. Nevertheless, the common component is clearly procyclical, and positive innovations to the common component produce movements in macroeconomic variables consistent with an increase in aggregate demand. Heightened macroeconomic uncertainty, as measured by the common component's volatility, leads to persistently negative economic responses.","PeriodicalId":275408,"journal":{"name":"The Review of Economics and Statistics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135896072","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: 1
The Effects of Career and Technical Education: Evidence from the Connecticut Technical High School System 职业和技术教育的影响:来自康涅狄格技术高中系统的证据
The Review of Economics and Statistics Pub Date : 2023-07-01 DOI: 10.1162/rest_a_01098
Eric J. Brunner, Shaun M. Dougherty, Stephen L. Ross
{"title":"The Effects of Career and Technical Education: Evidence from the Connecticut Technical High School System","authors":"Eric J. Brunner, Shaun M. Dougherty, Stephen L. Ross","doi":"10.1162/rest_a_01098","DOIUrl":"https://doi.org/10.1162/rest_a_01098","url":null,"abstract":"Abstract We examine the effect of attending stand-alone technical high schools in Connecticut using regression discontinuity. Male students are 10 percentage points more likely to graduate from high school and have half a semester less time enrolled in college. Male students have 32% higher average quarterly earnings. Earnings effects may in part reflect general skills: male students have higher attendance rates and test scores, industry fixed effects explain less than one-third of earnings gains, and large earnings gains persist past traditional college going years. Attending a technical high school does not affect the outcomes of female students.","PeriodicalId":275408,"journal":{"name":"The Review of Economics and Statistics","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135915208","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: 2
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