Journal of Public Economics最新文献_第3页

The employment effects of a means-tested guaranteed income policy 经济状况调查保证收入政策对就业的影响

IF 4.8 1区经济学

Journal of Public Economics Pub Date : 2025-06-07 DOI: 10.1016/j.jpubeco.2025.105420

Timo Verlaat , Federico Todeschini , Xavier Ramos

引用次数: 0

Tournament-style political competition and local protectionism: Theory and evidence from China 竞赛式政治竞争与地方保护主义：来自中国的理论与证据

IF 4.8 1区经济学

Journal of Public Economics Pub Date : 2025-06-06 DOI: 10.1016/j.jpubeco.2025.105421

Hanming Fang , Ming Li , Zenan Wu

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引用次数: 0

The sectoral origins of heterogeneous spending multipliers 异质性支出乘数的部门起源

IF 4.8 1区经济学

Journal of Public Economics Pub Date : 2025-06-05 DOI: 10.1016/j.jpubeco.2025.105404

Hafedh Bouakez , Omar Rachedi , Emiliano Santoro

{"title":"The sectoral origins of heterogeneous spending multipliers","authors":"Hafedh Bouakez , Omar Rachedi , Emiliano Santoro","doi":"10.1016/j.jpubeco.2025.105404","DOIUrl":"10.1016/j.jpubeco.2025.105404","url":null,"abstract":"<div><div>The aggregate spending multiplier crucially depends on the sectoral origin of government purchases. To establish this result, we characterize analytically the response of aggregate output to sector-specific government spending shocks in a tractable production-network economy, showing how it maps into various characteristics of the shocked sector. The response is larger when government spending originates in sectors with a relatively small contribution to private final demand, low markup, high labor intensity, and in those located downstream in the supply chain. We confirm these predictions and evaluate their quantitative relevance within a calibrated multi-sector model of the U.S. economy that embeds several dimensions of sectoral heterogeneity. Leveraging this model, we illustrate how differences in the sectoral composition of purchases across U.S. government levels lead to large variation in the spending multiplier. The latter ranges from 0.47 for federal defense spending, which is relatively concentrated in upstream capital-intensive manufacturing, to 0.82 for state and local spending, which is mainly oriented towards downstream labor-intensive services. Finally, we exploit heterogeneity in the sectoral composition of military spending across U.S. states to provide empirical evidence supporting our theoretical predictions.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"248 ","pages":"Article 105404"},"PeriodicalIF":4.8,"publicationDate":"2025-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144212310","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

Does the prospect of upward mobility undermine support for redistribution? 向上流动的前景会削弱对再分配的支持吗？

IF 4.8 1区经济学

Journal of Public Economics Pub Date : 2025-06-05 DOI: 10.1016/j.jpubeco.2025.105418

Don A. Moore, Rene Choudhari , Aileen Wu

引用次数: 0

Parenthood and the gender gap in commuting 父母身份和通勤中的性别差异

IF 4.8 1区经济学

Journal of Public Economics Pub Date : 2025-06-04 DOI: 10.1016/j.jpubeco.2025.105371

Aline Bütikofer , René Karadakic , Alexander Willén

引用次数: 0

The dynamic fiscal costs of outsourcing health insurance - evidence from Medicaid 外包医疗保险的动态财政成本——来自医疗补助计划的证据

IF 4.8 1区经济学

Journal of Public Economics Pub Date : 2025-06-03 DOI: 10.1016/j.jpubeco.2025.105417

Timothy J. Layton , Eran Politzer

引用次数: 0

The migrant penalty in Latin America: Experimental evidence from job recruiters 拉丁美洲的移民惩罚：来自招聘人员的实验证据

IF 4.8 1区经济学

Journal of Public Economics Pub Date : 2025-05-30 DOI: 10.1016/j.jpubeco.2025.105393

Raissa Fabregas , Wladimir Zanoni

引用次数: 0

The value of group purchasing: Evidence from the U.S. hospital industry 团购的价值：来自美国医院行业的证据

IF 4.8 1区经济学

Journal of Public Economics Pub Date : 2025-05-29 DOI: 10.1016/j.jpubeco.2025.105380

Haizhen Lin , Yanhao Wang

{"title":"The value of group purchasing: Evidence from the U.S. hospital industry","authors":"Haizhen Lin , Yanhao Wang","doi":"10.1016/j.jpubeco.2025.105380","DOIUrl":"10.1016/j.jpubeco.2025.105380","url":null,"abstract":"<div><div>Group purchasing organizations, or GPOs, are pervasive in many settings, but the actual value of GPOs remains a constant topic of debate. We offer one of the first studies examining the effect of GPOs on supply expenses in the U.S. hospital setting. Our two-way fixed effects model reveals that a one-standard-deviation increase in GPO scale (a GPO’s market share weighted by its member hospitals’ bed capacity) reduces an average hospital’s supply expenses by 2.7%, translating into a per-discharge savings of $48 and an annual savings of about $0.72 million. Our event study, which exploits a merger event between two of the largest GPOs, has produced qualitatively similar results. Meanwhile, we find no evidence that GPOs reduce supply expenses at the cost of the quality of care, nor by means of selective patient admission. Instead, we find that some of the cost savings are passed along to consumers in terms of lowered hospital prices, although only in highly competitive hospital markets. Our results contribute directly to policy debates over the value of GPOs and, more broadly, to the literature on countervailing buyer power and purchasing intermediaries.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"247 ","pages":"Article 105380"},"PeriodicalIF":4.8,"publicationDate":"2025-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144167740","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

Marketing authorization and strategic patenting: Evidence from pharmaceuticals 上市许可和战略性专利：来自药品的证据

IF 4.8 1区经济学

Journal of Public Economics Pub Date : 2025-05-29 DOI: 10.1016/j.jpubeco.2025.105415

Dennis Byrski , Lucy Xiaolu Wang

{"title":"Marketing authorization and strategic patenting: Evidence from pharmaceuticals","authors":"Dennis Byrski , Lucy Xiaolu Wang","doi":"10.1016/j.jpubeco.2025.105415","DOIUrl":"10.1016/j.jpubeco.2025.105415","url":null,"abstract":"<div><div>Patents can incentivize innovation, but pharmaceutical firms often extend market exclusivity by patenting minor modifications to existing drugs, raising concerns about low-novelty patents that add little therapeutic value. This study examines how patenting behavior changes after marketing authorization, a regulatory milestone that makes clinical trial data public and thereby creates “prior art” that limits future patent claims. Using a novel European patent–drug dataset and event study methods, we exploit plausibly exogenous variation in the time from patent priority filing to marketing authorization. We find a significant decline in strategic patenting after authorization, particularly in secondary patents and those covering the same disease areas. In contrast, follow-on product patents and patents for new disease areas remain stable, suggesting that authorization selectively curbs low-novelty filings. Both originators and other firms respond similarly, though at different speeds. The absence of similar responses after earlier milestones indicates increased difficulty in obtaining or enforcing low-value patents as the likely mechanism. Robustness checks – including alternative difference-in-differences estimators, constant exclusivity samples, and analyses accounting for non-European market incentives, firm characteristics, and instrumental variable approaches – support our conclusions. Our findings show how regulatory data transparency can indirectly improve patent quality.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"247 ","pages":"Article 105415"},"PeriodicalIF":4.8,"publicationDate":"2025-05-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"144167361","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

Industrial automation and local public goods 工业自动化和地方公共产品

IF 4.8 1区经济学

Journal of Public Economics Pub Date : 2025-05-26 DOI: 10.1016/j.jpubeco.2025.105394

Thomas Luke Spreen , Ziyuan Wang , Lang (Kate) Yang

引用次数: 0