{"title":"A special issue on housing affordability: An introduction","authors":"Charles Ka Yui Leung, Kwok Ping Tsang","doi":"10.1111/coep.12591","DOIUrl":"10.1111/coep.12591","url":null,"abstract":"","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 1","pages":"7-8"},"PeriodicalIF":1.5,"publicationDate":"2022-09-19","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42497691","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}
{"title":"Are historic districts a backdoor for segregation? Yes and no","authors":"Jamie Bologna Pavlik, Yang Zhou","doi":"10.1111/coep.12590","DOIUrl":"https://doi.org/10.1111/coep.12590","url":null,"abstract":"<p>We study how historic district programs impact residential segregation in Denver. We find that homebuyers are more likely to be White within historic districts, but official historic designation has no effect on this probability. More specifically, we calculate that the predicted probability of having a White homebuyer increases from 77 to over 80 percent when the home is located within a historic district. Similarly, we find that most transactions flow from White sellers to White buyers, regardless of official designation. Thus, while historic districts tend to be more segregated, official designation does not seem to amplify this existing problem.</p>","PeriodicalId":47364,"journal":{"name":"Contemporary Economic Policy","volume":"41 3","pages":"415-434"},"PeriodicalIF":1.5,"publicationDate":"2022-09-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"50151161","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}
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, Laura Montenovo, Thuy Nguyen, Felipe Lozano-Rojas, Ian Schmutte, Kosali Simon, Bruce A. Weinberg, 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}
{"title":"Must-access prescription drug monitoring programs and retail opioid sales","authors":"Shishir Shakya, 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}
{"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}
{"title":"What is the future of water quality trading?","authors":"Haiyan Liu, 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}
{"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}
{"title":"Competition and health-care spending: Theory and application to Certificate of Need laws","authors":"James Bailey, 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}
{"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}