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Pro-market institutions and labor market outcomes: A panel-data analysis of U.S. metropolitan areas 亲市场机构和劳动力市场结果：美国大都市地区的面板数据分析
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-05-05 DOI: 10.1111/coep.12611
Imran Arif, John W. Dawson
{"title":"Pro-market institutions and labor market outcomes: A panel-data analysis of U.S. metropolitan areas","authors":"Imran Arif,&nbsp;John W. Dawson","doi":"10.1111/coep.12611","DOIUrl":"10.1111/coep.12611","url":null,"abstract":"<p>We expand previous U.S. state-level research on the relationship between pro-market institutions and labor market outcomes by examining this relationship at the U.S. metropolitan-area level. Using panel data for 1992–2012 in a fixed-effects model, we investigate the effect of pro-market institutions on the unemployment rate, labor force participation rate, employment-population ratio, and employment growth across 366 U.S. metropolitan areas. The results indicate that pro-market institutions are associated with a lower unemployment rate, higher employment-population ratio, and faster employment growth. These results suggest that local-area policies are important for achieving favorable labor market conditions at the local level.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 4","pages":"629-652"},"PeriodicalIF":1.5,"publicationDate":"2023-05-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12611","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43459467","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
Defying gravity: The determinants of China's outbound mergers and acquisitions 抗拒地心引力:中国对外并购的决定因素
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-04-21 DOI: 10.1111/coep.12609
Zhongming Cheng, Shengle Lin
{"title":"Defying gravity: The determinants of China's outbound mergers and acquisitions","authors":"Zhongming Cheng,&nbsp;Shengle Lin","doi":"10.1111/coep.12609","DOIUrl":"10.1111/coep.12609","url":null,"abstract":"<p>We find that the determinants of China's outbound M&amp;As depart dramatically from the literature. First, China's M&amp;A volume with a target country is not affected by geographic distance, currency appreciation, or stock market return. Second, Chinese acquirers pick an unconventional uphill battle by primarily targeting countries with greater cultural distance, stronger investor protection laws, and higher per capita income. We also document that China's outbound M&amp;As have a higher than normal percentage of deals being partial acquisitions. We argue that emerging markets can differ remarkably from developed countries in the considerations and modes of outbound M&amp;As.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 4","pages":"714-732"},"PeriodicalIF":1.5,"publicationDate":"2023-04-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41616461","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 important are minimum wage increases in increasing the wages of minimum wage workers? 提高最低工资对提高最低工资工人的工资有多重要？
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-04-08 DOI: 10.1111/coep.12608
Jeffrey Clemens, Michael R. Strain
{"title":"How important are minimum wage increases in increasing the wages of minimum wage workers?","authors":"Jeffrey Clemens,&nbsp;Michael R. Strain","doi":"10.1111/coep.12608","DOIUrl":"https://doi.org/10.1111/coep.12608","url":null,"abstract":"<p>Popular discussion presumes minimum wage increases primarily drive wage gains for minimum wage workers. We investigate this presumption using the Current Population Survey to assess the fraction of minimum wage workers receiving raises after 12 months. This fraction is moderately higher following state minimum wage increases, and positively correlated with several measures of labor market tightness. Finally, wage gains frequently follow industry and/or occupation switches, highlighting the importance of career progression for earnings growth among entry-level workers. Career progression and increases in labor demand rather than minimum wage increases appear to drive most wage gains for minimum wage workers.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 4","pages":"594-612"},"PeriodicalIF":1.5,"publicationDate":"2023-04-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50124464","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 effect of Prescription Drug Monitoring Programs on county-level opioid prescribing practices and spillovers 处方药监测项目对县级阿片类药物处方实践和溢出效应的影响
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-03-15 DOI: 10.1111/coep.12607
Shishir Shakya, Jane E. Ruseski
{"title":"The effect of Prescription Drug Monitoring Programs on county-level opioid prescribing practices and spillovers","authors":"Shishir Shakya,&nbsp;Jane E. Ruseski","doi":"10.1111/coep.12607","DOIUrl":"10.1111/coep.12607","url":null,"abstract":"<p>Most states now legally mandate providers to access the Prescription Drug Monitoring Program (PDMP) database before prescribing controlled substances like opioids. We exploit variation in the adoption of these “must access” mandates between 2010 and 2017 to evaluate their impact on prescribing behavior. We find that counties in “must access” PDMP states have 5.5 fewer retail opioid prescriptions per 100 persons compared to counties in “voluntary access” PDMP states. We find evidence of geographic spillovers in opioid prescribing behavior. Our results underscore the importance recognizing the potential for cross-border shopping when designing interventions to combat opioid misuse.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 3","pages":"435-454"},"PeriodicalIF":1.5,"publicationDate":"2023-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46642369","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
The influence of fiscal policy uncertainty on corporate total factor productivity: Evidence from Chinese public companies 财政政策不确定性对企业全要素生产率的影响——来自中国上市公司的证据
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-03-10 DOI: 10.1111/coep.12606
Rongwu Zhang, Lan Luo, Jianjun Du
{"title":"The influence of fiscal policy uncertainty on corporate total factor productivity: Evidence from Chinese public companies","authors":"Rongwu Zhang,&nbsp;Lan Luo,&nbsp;Jianjun Du","doi":"10.1111/coep.12606","DOIUrl":"10.1111/coep.12606","url":null,"abstract":"<p>This paper uses China's public companies to test the influence of fiscal policy uncertainty on corporate total factor productivity. The study finds that fiscal policy uncertainty has a negative impact on the total factor productivity, and the effect of conservative tax avoidance, a mediating variable between the two, is found more significant for non-state-owned and non-recession-stage enterprises. The study further finds that facing fiscal policy uncertainty, companies reduce R&amp;D investment, which will deteriorate productivity. The overall results show that if the government maintains relatively stable fiscal policies, it will positively improve corporate total factor productivity, even in a longer period.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 3","pages":"532-554"},"PeriodicalIF":1.5,"publicationDate":"2023-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43357067","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
Earnings losses of displaced workers in times of crisis 危机时期失业工人的收入损失
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-03-10 DOI: 10.1111/coep.12605
Nune Hovhannisyan, Fabio Méndez
{"title":"Earnings losses of displaced workers in times of crisis","authors":"Nune Hovhannisyan,&nbsp;Fabio Méndez","doi":"10.1111/coep.12605","DOIUrl":"10.1111/coep.12605","url":null,"abstract":"<p>We utilize data from the 1979 National Longitudinal Survey of Youth and the Bureau of Labor Statistics to study how the earnings losses experienced by displaced workers vary in times of economic crisis. Relative to an economy that operates at full potential, our results show that a 1% increase in the real gross domestic product gap observed at the time of displacement is associated with an additional increase in the estimated earnings losses experienced by displaced workers of approximately 4.3% in the year immediately following displacement, and with similar increases in the estimated losses for up to 5 years after.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 3","pages":"555-567"},"PeriodicalIF":1.5,"publicationDate":"2023-03-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48832105","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 community impact of school-shootings on stress-related emergency department visits 学校枪击事件对与压力相关的急诊就诊的社区影响
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-03-07 DOI: 10.1111/coep.12603
Kritee Gujral, Alice M. Ellyson, Ali Rowhani-Rahbar, Frederick Rivara
{"title":"The community impact of school-shootings on stress-related emergency department visits","authors":"Kritee Gujral,&nbsp;Alice M. Ellyson,&nbsp;Ali Rowhani-Rahbar,&nbsp;Frederick Rivara","doi":"10.1111/coep.12603","DOIUrl":"10.1111/coep.12603","url":null,"abstract":"<p>School-shootings can enormously impact U.S. gun policy, but very little is known about the community mental health impact of school-shootings. We used difference-in-differences and event study analyses to compare stress-related ED visits in zip-codes within 5 miles (exposed) and in zip-codes 10–15 miles from (control) school-shootings before and after school-shootings using data from California, 2005–2011. School-shootings and fatal school-shootings were associated with annual increases of 0.7 and 1.5 stress-related ED visits per 1000 people, increases of 7% and 14%, respectively, compared to pre-shooting utilization. These previously unmeasured costs of school-shootings reinforce calls to prevent gun violence, especially in schools.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 3","pages":"455-470"},"PeriodicalIF":1.5,"publicationDate":"2023-03-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12603","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42107135","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
Tax noncompliance: The role of tax morale in smokers' behavior 税收违规：税务士气在吸烟者行为中的作用
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-02-17 DOI: 10.1111/coep.12604
James E. Prieger
{"title":"Tax noncompliance: The role of tax morale in smokers' behavior","authors":"James E. Prieger","doi":"10.1111/coep.12604","DOIUrl":"10.1111/coep.12604","url":null,"abstract":"<p>Measuring and predicting compliance with tax obligations is an important but challenging task. Survey data from California smokers show that several forms of tax avoidance and evasion were common. The analysis shows that 43% of smokers avoided taxes by purchasing cigarettes from out-of-state sources in the past year, 15% admitted to evading taxes through cross-border purchases, and 26% reported purchasing likely or certainly untaxed cigarettes in the state in the past month. Attitudinal factors related to tax morale explain much more of the variance in compliance rates than demographic or law-and-economics factors. The implications for policy are discussed.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 4","pages":"653-673"},"PeriodicalIF":1.5,"publicationDate":"2023-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49515042","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 nexus between corruption and academic freedom: An international investigation of the underlying linkages 腐败与学术自由之间的关系：对潜在联系的国际调查
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-02-06 DOI: 10.1111/coep.12601
Salvatore Capasso, Rajeev K. Goel, James W. Saunoris
{"title":"The nexus between corruption and academic freedom: An international investigation of the underlying linkages","authors":"Salvatore Capasso,&nbsp;Rajeev K. Goel,&nbsp;James W. Saunoris","doi":"10.1111/coep.12601","DOIUrl":"10.1111/coep.12601","url":null,"abstract":"<p>Studying a relatively under-researched aspect in economics, this paper examines the nexus between corruption and academic freedom. Our main hypothesis is that greater corruption undermines academic freedom and we test this hypothesis using data for 104 nations from 2012 to 2018. Our results support the main hypothesis, and this finding also generally holds across alternative aspects of academic freedom. Another contribution of this work lies in dissecting the direct and indirect (through corruption) effects of various drivers of academic freedom. Finally, additional insights are gained by considering different dimensions of academic freedom and how they are impacted by corruption.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 3","pages":"513-531"},"PeriodicalIF":1.5,"publicationDate":"2023-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12601","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45692504","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
Mass gatherings contributed to early COVID-19 mortality: Evidence from US sports 大规模集会导致COVID - 19早期死亡:来自美国体育界的证据
IF 1.5 4区 经济学
Contemporary Economic Policy Pub Date : 2023-02-03 DOI: 10.1111/coep.12602
Alexander Ahammer, Martin Halla, Mario Lackner
{"title":"Mass gatherings contributed to early COVID-19 mortality: Evidence from US sports","authors":"Alexander Ahammer,&nbsp;Martin Halla,&nbsp;Mario Lackner","doi":"10.1111/coep.12602","DOIUrl":"10.1111/coep.12602","url":null,"abstract":"<p>Social distancing is important to slow the community spread of infectious disease, but it creates enormous economic and social cost. Thus, it is important to quantify the benefits of different measures. We study the ban of mass gatherings, an intervention with comparably low cost. We exploit exogenous variation in the number of National Basketball Association and National Hockey League games, which arises due to the leagues' predetermined schedules, and the sudden suspension of the 2019–2020 seasons. We find that, among clusters of counties that are adjacent to sports venues, each additional mass gathering increased the cumulative number of COVID-19 deaths by 10.3%.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 3","pages":"471-488"},"PeriodicalIF":1.5,"publicationDate":"2023-02-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/coep.12602","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45929106","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: 11
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