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The psychological gains from COVID-19 vaccination
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2025-02-01 DOI: 10.1016/j.jpubeco.2025.105304
Manuel Bagues , Velichka Dimitrova
{"title":"The psychological gains from COVID-19 vaccination","authors":"Manuel Bagues ,&nbsp;Velichka Dimitrova","doi":"10.1016/j.jpubeco.2025.105304","DOIUrl":"10.1016/j.jpubeco.2025.105304","url":null,"abstract":"<div><div>We estimate the impact of COVID-19 vaccination on psychological well-being using information from a large-scale panel survey representative of the UK population. Exploiting exogenous variation in the timing of vaccinations, we find that vaccination increases psychological well-being (GHQ-12) by 0.12 standard deviations, compensating for one-half of the deterioration in mental health caused by the pandemic. This improvement persists for at least two months, and is linked to higher engagement in social activities and a decrease in the self-reported likelihood of contracting COVID-19. The main beneficiaries are individuals who became mentally distressed during the pandemic, supporting their prioritization in vaccination roll-outs. Conversely, individuals who harbored concerns about potential vaccine side effects show no improvement in psychological well-being upon vaccination, underscoring the importance of public confidence in vaccine safety and efficacy. Accounting for the improvement in psychological well-being increases the benefits of vaccination by around 50%.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"242 ","pages":"Article 105304"},"PeriodicalIF":4.8,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143139757","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}
引用次数: 0
Quantifying misallocation of public housing
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2025-02-01 DOI: 10.1016/j.jpubeco.2024.105272
Jennifer Buurma-Olsen , Hans R.A. Kost , Jos van Ommeren , Jort Sinninghe Damsté
{"title":"Quantifying misallocation of public housing","authors":"Jennifer Buurma-Olsen ,&nbsp;Hans R.A. Kost ,&nbsp;Jos van Ommeren ,&nbsp;Jort Sinninghe Damsté","doi":"10.1016/j.jpubeco.2024.105272","DOIUrl":"10.1016/j.jpubeco.2024.105272","url":null,"abstract":"<div><div>We empirically investigate how rent control combined with the use of a non-market allocation mechanism – centralised waiting lists – affects the efficiency of housing allocation among public-housing tenants. We show that, on average, Dutch public-housing tenants consume a house whose value differs by 7.5% from what they would consume under an efficient allocation. This entails particularly large transfers in housing consumption from younger households to older households. The annual welfare loss arising from misallocation within the public-housing sector is modest, estimated at around €65 per tenant.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"242 ","pages":"Article 105272"},"PeriodicalIF":4.8,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143139768","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}
引用次数: 0
Correlation in state and local tax changes
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2025-02-01 DOI: 10.1016/j.jpubeco.2024.105275
Scott R. Baker , Pawel Janas , Lorenz Kueng
{"title":"Correlation in state and local tax changes","authors":"Scott R. Baker ,&nbsp;Pawel Janas ,&nbsp;Lorenz Kueng","doi":"10.1016/j.jpubeco.2024.105275","DOIUrl":"10.1016/j.jpubeco.2024.105275","url":null,"abstract":"<div><div>Empirical research in public economics, including our own, often uses variation in state and local taxes as an empirical laboratory to estimate causal relationships. A key concern is that other taxes might change at the same time. To assess this concern, we develop a dataset of state (1977–2022) and local (2000–2022) tax rates and revenue from personal income, corporate income, property, sales, and excise taxes. This new dataset generates two key results. First, we find that taxes of different types tend to co-move within a jurisdiction: a tax change of one type can more than double the likelihood of a second tax type changing in the same year. Local tax changes also co-move with tax changes enacted by the state they are located in. This positive correlation can upwardly bias elasticity estimates, but only moderately. For example, regressing state economic outcomes on the full set of state tax changes yields elasticities that are about 10%–30% smaller than those obtained from using a single tax type in isolation. Second, we document that the mix of taxes across state and local jurisdictions is very different, and that these differences have become more pronounced over time as jurisdictions have increasingly become reliant on the single tax type — sales, personal or corporate income tax — that was most prominent for them in the earliest part of our sample.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"242 ","pages":"Article 105275"},"PeriodicalIF":4.8,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143140366","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
Between a rock and a hard place: The costs and benefits of expanded unemployment insurance benefits
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2025-02-01 DOI: 10.1016/j.jpubeco.2024.105295
Naser Hamdi , Ankit Kalda , David Sovich
{"title":"Between a rock and a hard place: The costs and benefits of expanded unemployment insurance benefits","authors":"Naser Hamdi ,&nbsp;Ankit Kalda ,&nbsp;David Sovich","doi":"10.1016/j.jpubeco.2024.105295","DOIUrl":"10.1016/j.jpubeco.2024.105295","url":null,"abstract":"<div><div>We examine how the withdrawal of the largest expansion of unemployment insurance (UI) benefits in United States history affected job-finding, demand for other government assistance, and credit defaults. Using administrative UI data merged with credit records and applications for Medicaid and SNAP, we show that UI withdrawal led to an increase in job-finding that was most pronounced among financially constrained individuals with limited available credit. The cost savings from higher job-finding came at the expense of increased demand for other government services and higher defaults. Our results highlight an important interaction between UI, household finances, and other social insurance programs.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"242 ","pages":"Article 105295"},"PeriodicalIF":4.8,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143140368","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
Financial market exposure increases generalized trust
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2025-02-01 DOI: 10.1016/j.jpubeco.2025.105303
Saumitra Jha , Moses Shayo , Chagai M. Weiss
{"title":"Financial market exposure increases generalized trust","authors":"Saumitra Jha ,&nbsp;Moses Shayo ,&nbsp;Chagai M. Weiss","doi":"10.1016/j.jpubeco.2025.105303","DOIUrl":"10.1016/j.jpubeco.2025.105303","url":null,"abstract":"<div><div>How can we build trust, especially in polarized societies? We propose that exposure to broad financial markets—where individuals place their assets in the hands of large groups of unfamiliar agents who nonetheless have the incentive and ability to promote their interests—can contribute to generalized trust. In a randomized controlled trial, we encourage Israelis to hold or trade stocks for up to seven weeks. We find that participation in financial markets increases the probability of expressing generalized trust by about 6 percentage points, equivalent to a quarter of the control group mean. The effects seem to be driven by political partisans along the left–right spectrum in Israel, and are robust to negative price changes. Thus, trust is not only a cause but can also be an effect of participation in financial markets.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"242 ","pages":"Article 105303"},"PeriodicalIF":4.8,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143139755","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
Housing Improvement and Crime
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2025-02-01 DOI: 10.1016/j.jpubeco.2025.105316
Umair Khalil , Viviane Sanfelice
{"title":"Housing Improvement and Crime","authors":"Umair Khalil ,&nbsp;Viviane Sanfelice","doi":"10.1016/j.jpubeco.2025.105316","DOIUrl":"10.1016/j.jpubeco.2025.105316","url":null,"abstract":"<div><div>We evaluate a policy implemented in Chicago geared towards improving the private housing stock in distressed neighborhoods. First, the program successfully increased housing renovations and reduced foreclosures, demonstrating tangible housing improvements. Next, treated areas experienced significant reductions in burglaries and robberies, with adjacent neighborhoods also documenting similar decreases in crime. We do not find evidence that gentrification with displacement of incumbent residents is responsible for the positive impacts of the program. Our findings provide evidence of substantial neighborhood gains from low-cost, place-based housing interventions that prioritize the preservation of existing housing stock.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"242 ","pages":"Article 105316"},"PeriodicalIF":4.8,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143139770","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
Neighborhoods, perceived Inequality, and preferences for Redistribution: Evidence from Barcelona
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2025-02-01 DOI: 10.1016/j.jpubeco.2024.105288
Gerard Domènech-Arumí
{"title":"Neighborhoods, perceived Inequality, and preferences for Redistribution: Evidence from Barcelona","authors":"Gerard Domènech-Arumí","doi":"10.1016/j.jpubeco.2024.105288","DOIUrl":"10.1016/j.jpubeco.2024.105288","url":null,"abstract":"<div><div>I study the effects of neighborhood-level inequality on perceived national-level inequality and preferences for redistribution. I construct a novel measure of local inequality using geolocated housing data and elicit perceptions and preferences from an original survey conducted in Barcelona. Local inequality is positively associated with perceived inequality but not with preferences for redistribution. I address endogenous sorting by exploiting quasi-random variation in exposure to new apartment buildings; this increases perceived inequality by 7% and has a positive but not statistically significant effect on demand for redistribution. Effects come from higher perceived income at the top. Local inequality shapes national-level inequality perceptions, but if it influences demand for redistribution, the effect is small. This work suggests that individuals extrapolate from their local environments when forming beliefs and highlights the importance of data granularity when studying neighborhood effects.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"242 ","pages":"Article 105288"},"PeriodicalIF":4.8,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143139764","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}
引用次数: 0
The environmental cost of power outages: Evidence from Delhi
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2025-02-01 DOI: 10.1016/j.jpubeco.2024.105289
Yatang Lin , Dana Kassem
{"title":"The environmental cost of power outages: Evidence from Delhi","authors":"Yatang Lin ,&nbsp;Dana Kassem","doi":"10.1016/j.jpubeco.2024.105289","DOIUrl":"10.1016/j.jpubeco.2024.105289","url":null,"abstract":"<div><div>This paper examines an overlooked consequence of an unstable electricity supply: air pollution. Using a unique dataset with high-frequency records of outage events and pollution, we find that outages lead to a 0.4% and 1.3% increase in hourly NO<span><math><msub><mrow></mrow><mrow><mn>2</mn></mrow></msub></math></span> and NO concentrations and a 0.4% increase in PM10 levels. This is likely attributable to the widespread use of highly polluting backup diesel generators. The environmental cost of outages exceeds the private cost for users when backup generators are adopted. Welfare analysis using bunching estimation highlights the importance of incorporating environmental benefits in the evaluation of policies aimed at mitigating outages.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"242 ","pages":"Article 105289"},"PeriodicalIF":4.8,"publicationDate":"2025-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143140367","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
When weather wounds workers: The impact of temperature on workplace accidents
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2025-01-01 DOI: 10.1016/j.jpubeco.2024.105258
Katharina Drescher , Benedikt Janzen
{"title":"When weather wounds workers: The impact of temperature on workplace accidents","authors":"Katharina Drescher ,&nbsp;Benedikt Janzen","doi":"10.1016/j.jpubeco.2024.105258","DOIUrl":"10.1016/j.jpubeco.2024.105258","url":null,"abstract":"<div><div>We study the effects of temperature on occupational health using administrative data on Swiss occupational accidents from 1996 to 2019. Our results imply that on hot days (<span><math><mrow><msub><mrow><mi>T</mi></mrow><mrow><mi>m</mi><mi>a</mi><mi>x</mi></mrow></msub><mo>≥</mo></mrow></math></span> 30 °C) the number of occupational accidents increases by 7.4% and on ice days (<span><math><mrow><msub><mrow><mi>T</mi></mrow><mrow><mi>m</mi><mi>a</mi><mi>x</mi></mrow></msub><mo>&lt;</mo></mrow></math></span> 0 °C) by 6.3%, relative to mild days. We find that extreme temperatures cause an average of 2600 workplace accidents each year, costing CHF 91 million annually. We provide suggestive evidence for insufficient sleep on hot days as a mechanism. While extreme temperatures worsen occupational health, we observe limited labor supply adaption for most workers.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"241 ","pages":"Article 105258"},"PeriodicalIF":4.8,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170096","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}
引用次数: 0
Where and why do politicians send pork? Evidence from central government transfers to French municipalities
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2025-01-01 DOI: 10.1016/j.jpubeco.2024.105276
Brice Fabre , Marc Sangnier
{"title":"Where and why do politicians send pork? Evidence from central government transfers to French municipalities","authors":"Brice Fabre ,&nbsp;Marc Sangnier","doi":"10.1016/j.jpubeco.2024.105276","DOIUrl":"10.1016/j.jpubeco.2024.105276","url":null,"abstract":"<div><div>This paper uses French data to simultaneously estimate the impact of two types of connections on government subsidies allocated to municipalities. Investigating different types of connection in a same setting helps to distinguish between the different motivations that could drive pork-barreling. We differentiate between municipalities where ministers held office before their appointment to the government and those where they lived as children. Exploiting ministers’ entries into and exits from the government, we show that municipalities where a minister was mayor receive 30% more investment subsidies when the politician they are linked to joins the government, and a similar size decrease when the minister departs. In contrast, we do not observe these outcomes for municipalities where ministers lived as children. These findings indicate that altruism toward childhood friends and family does not fuel pork-barreling, and suggest that altruism toward adulthood social relations or career concerns matter. We also present complementary evidence suggesting that observed pork-barreling is the result of soft influence of ministers, rather than of their formal control over the administration they lead.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"241 ","pages":"Article 105276"},"PeriodicalIF":4.8,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170148","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}
引用次数: 0
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