Journal of Economic Literature最新文献_第3页

The Long-Run Impacts of Mexican American School Desegregation 墨西哥裔美国人学校废除种族隔离的长期影响

1区经济学

Journal of Economic Literature Pub Date : 2023-09-01 DOI: 10.1257/jel.20221704

Francisca M. Antman, Kalena E. Cortes

引用次数: 0

Choosing the Future: Markets, Ethics, and Rapprochement in Social Discounting 选择未来:社会贴现中的市场、伦理与和解

1区经济学

Journal of Economic Literature Pub Date : 2023-09-01 DOI: 10.1257/jel.20211675

Antony Millner, Geoffrey Heal

{"title":"Choosing the Future: Markets, Ethics, and Rapprochement in Social Discounting","authors":"Antony Millner, Geoffrey Heal","doi":"10.1257/jel.20211675","DOIUrl":"https://doi.org/10.1257/jel.20211675","url":null,"abstract":"This paper provides a critical review of the literature on choosing social discount rates (SDRs) for public cost-benefit analysis. We discuss two dominant approaches, the first based on market prices and the second based on intertemporal ethics. While both methods have attractive features, neither is immune to criticism. The market-based approach is not entirely persuasive even if markets are perfect, and faces further headwinds once the implications of market imperfections are recognised. By contrast, the ‘ethical’ approach—which relates SDRs to marginal rates of substitution implicit in a single planner’s intertemporal welfare function—does not rely exclusively on markets, but raises difficult questions about what that welfare function should be. There is considerable disagreement on this matter, which translates into enormous variation in the evaluation of long-run payoffs. We discuss the origins of these disagreements, and suggest that they are difficult to resolve unequivocally. This leads us to propose a third approach that recognises the immutable nature of some normative disagreements, and proposes methods for aggregating diverse theories of intertemporal social welfare. We illustrate the application of these methods to social discounting, and suggest that they may help us to move beyond long-standing debates that have bedevilled this field. (JEL D60, D61, D71, H43, H54)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":"28 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136353999","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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

Meritocracy and Representation 精英管理和代表制

1区经济学

Journal of Economic Literature Pub Date : 2023-09-01 DOI: 10.1257/jel.20221707

Rajiv Sethi, Rohini Somanathan

引用次数: 0

Measuring Intergenerational Income Mobility: A Synthesis of Approaches 衡量代际收入流动:综合方法

1区经济学

Journal of Economic Literature Pub Date : 2023-09-01 DOI: 10.1257/jel.20211413

Nathan Deutscher, Bhashkar Mazumder

{"title":"Measuring Intergenerational Income Mobility: A Synthesis of Approaches","authors":"Nathan Deutscher, Bhashkar Mazumder","doi":"10.1257/jel.20211413","DOIUrl":"https://doi.org/10.1257/jel.20211413","url":null,"abstract":"The literature on intergenerational income mobility uses a diverse set of measures and there is limited knowledge about whether these measures provide similar information and yield similar conclusions. We provide a framework to highlight the key concepts and properties of the different estimators. We then show how these measures relate to one another empirically. Our main analysis uses income tax data from Australia to produce a comprehensive set of empirical estimates for each of 19 different mobility measures at both the national and regional levels. We supplement this analysis with other data that uses either within- or between-country variation in mobility measures. A key finding is that there is a clear distinction between relative and absolute measures both conceptually and empirically. A region may be high with respect to absolute mobility but could be low with respect to relative mobility. However, within broad categories, the different mobility measures tend to be highly correlated. For rank-based estimators, we highlight the importance of how the choice of the distribution used for calculating ranks can play a critical role in determining its properties as well as affect empirical findings. These patterns of results are important for policymakers whose local economy might fare well according to some mobility indicators but not others. (JEL D31, H24, I32, J62)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135889699","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"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 Enduring Effects of Racial Discrimination on Income and Health 种族歧视对收入和健康的持久影响

IF 12.6 1区经济学

Journal of Economic Literature Pub Date : 2023-09-01 DOI: 10.1257/jel.20221706

Shari Jane Eli, Trevon Logan, Boriana Miloucheva

引用次数: 0

Virtuous Bankers: A Day in the Life of the Eighteenth-Century Bank of England 《品德高尚的银行家:18世纪英格兰银行的一天

IF 12.6 1区经济学

Journal of Economic Literature Pub Date : 2023-09-01 DOI: 10.1257/jel.61.3.1188.r4

Matthew Jaremski

引用次数: 0

The Long-Run Effects of the 1930s Redlining Maps on Children 20世纪30年代红线地图对儿童的长期影响