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Effects of social distancing policy on labor market outcomes 社交距离政策对劳动力市场结果的影响
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2022-09-11 DOI: 10.1111/coep.12582
Sumedha Gupta, Laura Montenovo, Thuy Nguyen, Felipe Lozano-Rojas, Ian Schmutte, Kosali Simon, Bruce A. Weinberg, Coady Wing
{"title":"Effects of social distancing policy on labor market outcomes","authors":"Sumedha Gupta,&nbsp;Laura Montenovo,&nbsp;Thuy Nguyen,&nbsp;Felipe Lozano-Rojas,&nbsp;Ian Schmutte,&nbsp;Kosali Simon,&nbsp;Bruce A. Weinberg,&nbsp;Coady Wing","doi":"10.1111/coep.12582","DOIUrl":"https://doi.org/10.1111/coep.12582","url":null,"abstract":"<p>US workers receive unemployment benefits if they lose their job, but not for reduced working hours. In alignment with the benefits incentives, we find that the labor market responded to COVID-19 and related closure-policies mostly on the extensive (12 pp outright job loss) margin. Exploiting timing variation in state closure-policies, difference-in-differences (DiD) estimates show, between March 12 and April 12, 2020, employment rate fell by 1.7 pp for every 10 extra days of state stay-at-home orders (SAH), with little effect on hours worked/earnings among those employed. Forty percentage of the unemployment was due to a nationwide shock, rest due to social-distancing policies, particularly among “non-essential” workers.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 1","pages":"166-193"},"PeriodicalIF":1.5,"publicationDate":"2022-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12582","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50129358","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Must-access prescription drug monitoring programs and retail opioid sales 必须获得处方药监测计划和阿片类药物零售
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2022-09-07 DOI: 10.1111/coep.12586
Shishir Shakya, Collin Hodges
{"title":"Must-access prescription drug monitoring programs and retail opioid sales","authors":"Shishir Shakya,&nbsp;Collin Hodges","doi":"10.1111/coep.12586","DOIUrl":"10.1111/coep.12586","url":null,"abstract":"<p>This paper examines the effect of prescription drug monitoring programs (PDMPs) on the retail sales of eight commonly prescribed opioids in the United States. Specifically, we exploit variation in state-level policies to identify states with “must-access” versus voluntary PDMPs. Our results suggest that must-access PDMP implementation does not uniformly reduce prescription retail opioid sales. We also find evidence that must-access PDMP implementation does not affect the retail sales of two treatment drugs, methadone and buprenorphine. These results suggest that policymakers should consider PDMP implementation as part of a broader response to the opioid crisis rather than a singular policy intervention.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 1","pages":"146-165"},"PeriodicalIF":1.5,"publicationDate":"2022-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46188904","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: 1
Contemporary Economic Policy 2021 Editor's Report 当代经济政策2021年编辑报告
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2022-09-03 DOI: 10.1111/coep.12585
Brad R. Humphreys
{"title":"Contemporary Economic Policy 2021 Editor's Report","authors":"Brad R. Humphreys","doi":"10.1111/coep.12585","DOIUrl":"https://doi.org/10.1111/coep.12585","url":null,"abstract":"","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"40 4","pages":"695-700"},"PeriodicalIF":1.5,"publicationDate":"2022-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90136481","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
Accounting for the decline in homeownership among the young 年轻人住房拥有率下降的原因
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2022-08-21 DOI: 10.1111/coep.12587
Yuxi Yao
{"title":"Accounting for the decline in homeownership among the young","authors":"Yuxi Yao","doi":"10.1111/coep.12587","DOIUrl":"https://doi.org/10.1111/coep.12587","url":null,"abstract":"<p>This paper documents that the drop in young homeownership is more persistent among non-college graduates compared to college graduates: while some college graduates postpone home purchasing, non-college graduates are likely to remain long-term renters. I develop a model showing that the combination of rising college share and a widening education-driven income gap accounts for the delayed purchasing of college graduates and the lack of purchasing among non-college graduates. Exploiting cross-city variation, I verify the implications of the model and show that the mechanism can quantitatively account for the diverging ownership decisions between the two education groups from 1980 to 2019.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 1","pages":"79-102"},"PeriodicalIF":1.5,"publicationDate":"2022-08-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12587","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50152938","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
What is the future of water quality trading? 水质交易的未来是什么?
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2022-08-17 DOI: 10.1111/coep.12583
Haiyan Liu, Roy Brouwer
{"title":"What is the future of water quality trading?","authors":"Haiyan Liu,&nbsp;Roy Brouwer","doi":"10.1111/coep.12583","DOIUrl":"10.1111/coep.12583","url":null,"abstract":"<p>A comprehensive review of experiences with water quality trading (WQT) programs worldwide is presented, spanning altogether more than 4 decades. A new WQT database is built, extracting data and information from existing review papers, complemented with gray and published literature about individual trading programs. Key aspects that affect trading volumes and program continuation are identified and categorized. No single success or fail factor emerges from this review, typically a mix of factors play a role. There is potential for WQT to evolve further and serve as a cost-effective pollution control instrument, but this requires nudging political will to regulate nonpoint source.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 1","pages":"194-217"},"PeriodicalIF":1.5,"publicationDate":"2022-08-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43863060","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: 1
Effects of psychological pressure on first-mover advantage in competitive environments: Evidence from penalty shootouts 心理压力对竞争环境中先发优势的影响:来自点球大战的证据
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2022-08-16 DOI: 10.1111/coep.12588
Ricardo Manuel Santos
{"title":"Effects of psychological pressure on first-mover advantage in competitive environments: Evidence from penalty shootouts","authors":"Ricardo Manuel Santos","doi":"10.1111/coep.12588","DOIUrl":"10.1111/coep.12588","url":null,"abstract":"<p>In this paper, we aim to determine the importance of psychological pressure on performance in sequential tournaments. We make use of penalty shootouts in soccer and test the presence of first-mover advantage. Shootouts in soccer is a formidable framework because it is a natural experiment where teams compete in a sequence whose order is determined by the random outcome of a coin toss. Using data from all 663 penalty shootouts in all major competitions since first implemented in 1970, we fail to identify statistically significant differences in winning probabilities for teams kicking first or second in the shootout sequence.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 2","pages":"354-369"},"PeriodicalIF":1.5,"publicationDate":"2022-08-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12588","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42610467","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Competition and health-care spending: Theory and application to Certificate of Need laws 竞争与医疗支出：需求证明法的理论与应用
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2022-08-12 DOI: 10.1111/coep.12584
James Bailey, Tom Hamami
{"title":"Competition and health-care spending: Theory and application to Certificate of Need laws","authors":"James Bailey,&nbsp;Tom Hamami","doi":"10.1111/coep.12584","DOIUrl":"https://doi.org/10.1111/coep.12584","url":null,"abstract":"<p>Hospitals and other health-care providers in 34 states must obtain a Certificate of Need (CON) from a state board before opening or expanding, leading to reduced competition. We develop a theoretical model of how market concentration affects health-care spending. Our theoretical model shows that increases in concentration, such as those brought about by CON, can either increase or decrease spending. Our model predicts that CON is more likely to increase spending in markets in which costs are low and patients are sicker. We test our model using spending data from the Household Component of the Medical Expenditure Panel Survey (MEPS).</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 1","pages":"128-145"},"PeriodicalIF":1.5,"publicationDate":"2022-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50139012","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
Is there wealth stability across generations in the U.S.? Evidence from panel study, 1984–2017 在美国，几代人之间的财富是否稳定?来自1984-2017年小组研究的证据
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2022-07-20 DOI: 10.1111/coep.12581
Jermaine Toney
{"title":"Is there wealth stability across generations in the U.S.? Evidence from panel study, 1984–2017","authors":"Jermaine Toney","doi":"10.1111/coep.12581","DOIUrl":"https://doi.org/10.1111/coep.12581","url":null,"abstract":"<p>The net wealth accumulation of grandparents appears to be strongly determinative of the net wealth holdings of their adult grandchildren. While these general features are understood, few details are known about the persistence of wealth components that determine overall portfolio outcomes and their variance. I find that grandparental linkages in household portfolio components (risky assets, safe assets, non-financial assets) are strongly positively correlated with the asset components of the current generation. Meanwhile, I find that there is persistence in intergroup disparities in wealth components, accounting for the intergenerational transfers of wealth from grandparents and parents. My decompositions of net wealth into risky, safe, and non-financial assets illuminate different policy implications connected to total wealth accumulation and wealth inequality across younger households.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"40 4","pages":"551-567"},"PeriodicalIF":1.5,"publicationDate":"2022-07-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12581","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91853014","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Monthly income volatility and health outcomes 月收入波动和健康状况
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2022-07-11 DOI: 10.1111/coep.12580
Neil Bania, Laura Leete
{"title":"Monthly income volatility and health outcomes","authors":"Neil Bania,&nbsp;Laura Leete","doi":"10.1111/coep.12580","DOIUrl":"10.1111/coep.12580","url":null,"abstract":"<p>A growing literature shows that income volatility has negative effects on household well-being. Using the Survey of Income and Program Participation, we use temporal ordering to investigate the relationship between monthly household income volatility and the subsequent change in self-reported health status of the household head. For liquidity constrained households, a one standard deviation increase in volatility over 24 months leads to a 1.3%–4.3% increase in the probability of worsened health. The magnitude of this effect is approximately two-thirds that of the impact of a one standard deviation change in the level of mean household income.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"40 4","pages":"636-658"},"PeriodicalIF":1.5,"publicationDate":"2022-07-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45318185","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
The interplay of financial education, financial inclusion and financial stability and the role of Big Tech 金融教育、普惠金融和金融稳定的相互作用以及大型科技公司的作用
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2022-07-07 DOI: 10.1111/coep.12578
Nicole Jonker, Anneke Kosse
{"title":"The interplay of financial education, financial inclusion and financial stability and the role of Big Tech","authors":"Nicole Jonker,&nbsp;Anneke Kosse","doi":"10.1111/coep.12578","DOIUrl":"10.1111/coep.12578","url":null,"abstract":"<p>The entry of Big Techs in the financial ecosystem might affect financial stability, among others through the opportunities and challenges they create for financial inclusion. We survey the literature to determine the effectiveness of financial education in improving financial literacy and inclusion and assess the impact of financial inclusion on financial stability. We argue for new research to determine whether financial education can help people to reap the financial-inclusion benefits that Big Tech may bring. We also conclude that financial-inclusion opportunities created by Big Tech might introduce financial stability risks and underline the importance of proper supervision and regulation.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"40 4","pages":"612-635"},"PeriodicalIF":1.5,"publicationDate":"2022-07-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46710056","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: 2
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