{"title":"The Effect of Source of Income Policies on Recipients of Non-Voucher Categories of Protected Income","authors":"Taylor Mackay","doi":"10.1007/s11293-026-09859-1","DOIUrl":"10.1007/s11293-026-09859-1","url":null,"abstract":"<div><p>Source of income laws prohibit landlords from discriminating against rental housing applicants based on reported income sources. Such laws are now in force in more than 20 states and 100 local jurisdictions. Prior research has focused on their impact on recipients of Housing Choice Vouchers. This paper provides the first examination of their effects on recipients of non-voucher categories of protected income, including Supplemental Security Income and welfare payments. Using American Community Survey microdata from 2006 to 2021, aggregated to the Consistent Public Use Microdata Area-by-year level, and a robust event-study estimator, the analysis estimates intent-to-treat effects on residential mobility, gross rent, household size, and crowding for likely-affected renters. Estimated effects are uniformly close to zero across all four outcomes. The mobility estimates are precise enough to rule out increases above 2 to 3 percentage points, equivalent to relative increases above 10% to 13% given a baseline mobility rate of 22%. The estimates indicate that, in nationally representative survey data, source of income laws do not generate large detectable aggregate changes for non-voucher protected-income recipients on the housing margins observable in the American Community Survey.</p></div>","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"54 2-3","pages":"143 - 159"},"PeriodicalIF":0.4,"publicationDate":"2026-09-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149027693","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}
{"title":"Sharing Economy and Technological Shocks over the Business Cycle","authors":"José M. Ordóñez-de-Haro, José L. Torres","doi":"10.1007/s11293-026-09860-8","DOIUrl":"10.1007/s11293-026-09860-8","url":null,"abstract":"<div><p>This paper examines the macroeconomic and cyclical implications of the sharing economy. A dynamic stochastic general equilibrium framework is developed that integrates a sharing sector with traditional market and home production. In this model, the sharing economy bridges market and home activities by using household capital to produce tradable services. The analysis shows that a positive neutral technological shock to market production expands business investment but crowds out durable asset accumulation, causing both home and sharing output to decline. Conversely, a positive productivity shock within the sharing economy stimulates investment in durables but reduces business capital investment, market output, and market hours. Furthermore, investment-specific technological shocks to durables expand household capital at the expense of business capital. However, they do not reduce effective consumption because household capital simultaneously feeds into home production and sharing activities, sustaining the consumption aggregate. Overall, the results indicate that the sharing economy is countercyclical: households mitigate market downturns by monetizing durable assets, smoothing the business cycle. These findings emphasize the need to account for the sharing economy when designing macroeconomic business cycle stabilization policies, given its role in amplifying and transmitting shocks through household capital.</p></div>","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"54 2-3","pages":"161 - 185"},"PeriodicalIF":0.4,"publicationDate":"2026-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149027696","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}
Jackson S. Krause, Madeleine M. Ewing, Marco C. Infosino, Paul M. Sommers
{"title":"Crisis Intervention and Firearm Suicide: Evidence from Red Flag Laws","authors":"Jackson S. Krause, Madeleine M. Ewing, Marco C. Infosino, Paul M. Sommers","doi":"10.1007/s11293-026-09857-3","DOIUrl":"10.1007/s11293-026-09857-3","url":null,"abstract":"","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"54 2-3","pages":"205 - 207"},"PeriodicalIF":0.4,"publicationDate":"2026-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149027694","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}
{"title":"Education, Wealth and Social Mobility","authors":"Donald F. Vitaliano","doi":"10.1007/s11293-026-09856-4","DOIUrl":"10.1007/s11293-026-09856-4","url":null,"abstract":"<div><p>Whether or not social mobility in the United States is greater today than in the past is a contested topic and the subject of a growing body of literature. Wealth and income inequality are more readily accepted in a mobile society than a stratified, class-based social system. The intergenerational correlation of occupation and wealth between parents and students who attended the Cambridge Washington Academy in New York in 1846 is estimated. The school was a private secondary boarding school, and the 177 students are primarily from well-off farm families. Using census records from 1850 to 1875, the occupational and wealth elasticity of male students is 0.34 and 0.28, respectively. After three generations, the correlation is 0.04, implying a high degree of social mobility. For married female students, the occupational and wealth elasticities of their husbands are 0.20 and 0.58, respectively. The high wealth elasticity suggests assortative mating and dowries since the wealth comes from the female student’s father. The fact that well-positioned children enjoy only modest inter-generational gains in status and wealth is consistent with the idea of America in the 19th Century as a land of opportunity.</p></div>","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"54 2-3","pages":"187 - 199"},"PeriodicalIF":0.4,"publicationDate":"2026-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149027638","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}
{"title":"Under the North Star: Quantifying Maine’s Economic and Human Development 1940–2024","authors":"Robert F. Mulligan, Gary A. Lombardo","doi":"10.1007/s11293-026-09855-5","DOIUrl":"10.1007/s11293-026-09855-5","url":null,"abstract":"<div><p>This paper analyzes the three dimensions of the United Nations Development Programme’s Human Development Index to evaluate the state of Maine’s development progress in comparison with the rest of the United States. Measures of income, health, and education from 1940–2024 are included in an index number analysis of Maine’s human development progress, evaluating overall performance and each component both quantitatively and qualitatively. We find that income is the principal dimension where Maine lags behind national averages. Accordingly, four macroeconomic variables were examined over 1997–2024 to better assess Maine’s economic performance: per capita state domestic product, per capita personal income, the consumer price index, and unemployment. These metrics were used for more focused quantitative and qualitative index number analysis. The state’s progress toward United Nations Sustainable Development Goal 8 relating to employment security and sustainable economic growth is evaluated and discussed to formulate suggestions for effective policy. To address the economic dimension, the state should reform its property and corporate income tax structures to encourage investment and seek to scale its educational resources through cooperative agreements with institutions in neighboring states and provinces.</p></div>","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"54 2-3","pages":"121 - 142"},"PeriodicalIF":0.4,"publicationDate":"2026-07-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://link.springer.com/content/pdf/10.1007/s11293-026-09855-5.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149027695","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}
{"title":"The Hospital Readmissions Reduction Program (HRRP) Impact on Patient Discharge Status in New Jersey","authors":"Genevieve Alorbi, Mackenzie Martin","doi":"10.1007/s11293-026-09853-7","DOIUrl":"10.1007/s11293-026-09853-7","url":null,"abstract":"<div><p>The Affordable Care Act’s Hospital Readmissions Reduction Program, introduced in 2012, aimed to improve care quality by enhancing transitions and care coordination, ultimately reducing preventable hospital readmissions among Medicare patients through financial penalties. Employing a difference-in-differences approach with hospital fixed effects, this study examines how the program affected New Jersey hospitals’ discharge practices and inpatient lengths of stay using data from the New Jersey State Inpatient Databases of the Healthcare Cost and Utilization Project, Agency for Healthcare Research and Quality for 2005, 2010, and 2015. The study analyzes 55,653 heart failure admissions, 23,960 acute myocardial infarction admissions, 34,973 pneumonia admissions, and 81,402 gastrointestinal disorder cases, with gastrointestinal disorders serving as a control group to account for underlying trends. The findings indicate that the program’s implementation was associated with a decline in discharges to home health services among heart failure patients, a decrease in discharges to skilled nursing facilities among both acute myocardial infarction and heart failure patients, and a reduction in inpatient length of stay among acute myocardial infarction and pneumonia cases. However, due to limited time variation and contemporaneous Medicare reforms, these results should be interpreted as associations rather than definitive causal effects. These findings suggest that value-based payment policies may shift hospital discharge behavior and care coordination strategies, potentially improving efficiency while also raising concerns about unintended effects on access and equity. Policymakers should account for concurrent reforms and underlying trends while ensuring that cost reductions are balanced with safeguards for care quality and patient outcomes, particularly among vulnerable populations.</p></div>","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"54 2-3","pages":"101 - 120"},"PeriodicalIF":0.4,"publicationDate":"2026-05-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149027637","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}
{"title":"Resilience in Regional Economics and Science: Some Disputed Issues","authors":"Amitrajeet A. Batabyal","doi":"10.1007/s11293-026-09854-6","DOIUrl":"10.1007/s11293-026-09854-6","url":null,"abstract":"","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"54 2-3","pages":"201 - 203"},"PeriodicalIF":0.4,"publicationDate":"2026-05-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://link.springer.com/content/pdf/10.1007/s11293-026-09854-6.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"149027704","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}
{"title":"Financial Literacy and Portfolio Decisions","authors":"Tilahun Emiru, Anna Hoffman","doi":"10.1007/s11293-026-09852-8","DOIUrl":"10.1007/s11293-026-09852-8","url":null,"abstract":"<div><p>This paper examines the effect of financial literacy on household investment decisions using data from the 2022 wave of the Survey of Consumer Finances. Using parental education as an instrument, the study estimates instrumental variables probit models for a broad set of financial assets and contributes new evidence on the effect of financial literacy on ownership of a range of asset classes. The results show that financial literacy significantly increases participation in complex, growth-oriented investments, such as individual retirement accounts, mutual funds, and stocks, while having no significant effect on simpler financial products. Despite large demographic differences in literacy and market participation, the study could not find evidence for heterogeneous effects of financial literacy based on sex, income level, and race. Once acquired, the benefits of financial literacy appear to be broadly similar across sex, income, and racial groups.</p></div>","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"54 1","pages":"75 - 92"},"PeriodicalIF":0.8,"publicationDate":"2026-05-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147872417","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}
{"title":"Time-Varying Stock Return Spillovers and Their Determinants: Evidence from Developed Economies","authors":"Wan-Shin Mo, Shun-Chuan Chuang","doi":"10.1007/s11293-026-09851-9","DOIUrl":"10.1007/s11293-026-09851-9","url":null,"abstract":"<div><p>Although equity markets are widely recognized as interconnected, the drivers of these linkages remain less well understood. This paper examines how equity return shocks are transmitted across nine developed stock markets from 2017 to 2023 and whether spillovers vary with macroeconomic conditions. Using daily benchmark index returns and the spillover framework of Diebold and Yilmaz in a rolling-window generalized vector autoregression setting, the study examines spillovers during the coronavirus disease 2019 pandemic and the Russia–Ukraine war, links total spillovers to monetary policy and policy uncertainty, and evaluates whether net directional spillovers differ across interest-rate environments. North American and European markets are net transmitters of return shocks, whereas Asian markets are net receivers. Total spillovers surged during the coronavirus disease 2019 pandemic and rose again around the Russia–Ukraine war. Determinant regressions show that total spillovers increased under a tighter United States monetary policy stance, higher United States policy uncertainty, and during the coronavirus disease 2019 pandemic. Net directional spillovers also varied with pandemic severity and interest rate environments, consistent with cross-border portfolio rebalancing.</p></div>","PeriodicalId":46061,"journal":{"name":"ATLANTIC ECONOMIC JOURNAL","volume":"54 1","pages":"3 - 17"},"PeriodicalIF":0.8,"publicationDate":"2026-04-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"147872313","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}