Philip DeCicca, Donald Kenkel, Michael F Lovenheim
{"title":"The Economics of Tobacco Regulation: A Comprehensive Review.","authors":"Philip DeCicca, Donald Kenkel, Michael F Lovenheim","doi":"10.1257/jel.20201482","DOIUrl":"https://doi.org/10.1257/jel.20201482","url":null,"abstract":"<p><p>Tobacco regulation has been a major component of health policy in the developed world since the UK Royal College of Physicians' and the US Surgeon General's reports in the 1960s. Such regulation, which has intensified in the past two decades, includes cigarette taxation, place-based smoking bans in areas ranging from bars and restaurants to workplaces, and regulations designed to make tobacco products less desirable. More recently, the availability of alternative products, most notably e-cigarettes, has increased dramatically, and these products are just starting to be regulated. Despite an extensive body of research on tobacco regulations, there remains substantial debate regarding their effectiveness, and ultimately, their impact on economic welfare. We provide the first comprehensive review of the state of research in the economics of tobacco regulation in two decades.</p>","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":"60 3","pages":"883-970"},"PeriodicalIF":12.6,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC10072869/pdf/nihms-1837877.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"9475176","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Jonathan Cohen, Keith Marzilli Ericson, David Laibson, John Myles White
{"title":"Measuring Time Preferences.","authors":"Jonathan Cohen, Keith Marzilli Ericson, David Laibson, John Myles White","doi":"10.1257/jel.20191074","DOIUrl":"https://doi.org/10.1257/jel.20191074","url":null,"abstract":"<p><p>We review research that measures time preferences-i.e., preferences over intertemporal tradeoffs. We distinguish between studies using financial flows, which we call \"money earlier or later\" (MEL) decisions and studies that use time-dated consumption/effort. Under different structural models, we show how to translate what MEL experiments directly measure (required rates of return for financial flows) into a discount function over utils. We summarize empirical regularities found in MEL studies and the predictive power of those studies. We explain why MEL choices are driven in part by some factors that are distinct from underlying time preferences.</p>","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":"58 2","pages":"299-347"},"PeriodicalIF":12.6,"publicationDate":"2020-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1257/jel.20191074","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"10239591","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Health and the Economy in the United States, from 1750 to the Present.","authors":"Dora Costa","doi":"10.1257/jel.53.3.503","DOIUrl":"10.1257/jel.53.3.503","url":null,"abstract":"<p><p>I discuss the health transition in the United States, bringing new data to bear on health indicators, and investigating the changing relationship between health, income, and the environment. I argue that scientific advances played an outsize role and that health improvements were largest among the poor. Health improvements were not a precondition for modern economic growth. The gains to health are largest when the economy has moved from \"brawn\" to \"brains\" because this is when the wage returns to education are high, leading the healthy to obtain more education. More education may improve use of health knowledge, producing a virtuous cycle.</p>","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":"53 3","pages":"503-570"},"PeriodicalIF":12.6,"publicationDate":"2015-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4577070/pdf/nihms602626.pdf","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"34031451","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The Economic Importance of Financial Literacy: Theory and Evidence.","authors":"Annamaria Lusardi, Olivia S Mitchell","doi":"10.1257/jel.52.1.5","DOIUrl":"10.1257/jel.52.1.5","url":null,"abstract":"<p><p>This paper undertakes an assessment of a rapidly growing body of economic research on financial literacy. We start with an overview of theoretical research which casts financial knowledge as a form of investment in human capital. Endogenizing financial knowledge has important implications for welfare as well as policies intended to enhance levels of financial knowledge in the larger population. Next, we draw on recent surveys to establish how much (or how little) people know and identify the least financially savvy population subgroups. This is followed by an examination of the impact of financial literacy on economic decision-making in the United States and elsewhere. While the literature is still young, conclusions may be drawn about the effects and consequences of financial illiteracy and what works to remedy these gaps. A final section offers thoughts on what remains to be learned if researchers are to better inform theoretical and empirical models as well as public policy.</p>","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":"52 1","pages":"5-44"},"PeriodicalIF":12.6,"publicationDate":"2014-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1257/jel.52.1.5","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"35058878","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Building Bridges Between Structural and Program Evaluation Approaches to Evaluating Policy.","authors":"James J Heckman","doi":"10.1257/jel.48.2.356","DOIUrl":"https://doi.org/10.1257/jel.48.2.356","url":null,"abstract":"<p><p>This paper compares the structural approach to economic policy analysis with the program evaluation approach. It offers a third way to do policy analysis that combines the best features of both approaches. We illustrate the value of this alternative approach by making the implicit economics of LATE explicit, thereby extending the interpretability and range of policy questions that LATE can answer.</p>","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":"48 2","pages":"356-398"},"PeriodicalIF":12.6,"publicationDate":"2010-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://sci-hub-pdf.com/10.1257/jel.48.2.356","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"29995768","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}