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Sea level rise risks, adaptation strategies, and real estate prices in Singapore
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2025-01-01 DOI: 10.1016/j.jpubeco.2024.105290
Sumit Agarwal , Yu Qin , Tien Foo Sing , Changwei Zhan
{"title":"Sea level rise risks, adaptation strategies, and real estate prices in Singapore","authors":"Sumit Agarwal ,&nbsp;Yu Qin ,&nbsp;Tien Foo Sing ,&nbsp;Changwei Zhan","doi":"10.1016/j.jpubeco.2024.105290","DOIUrl":"10.1016/j.jpubeco.2024.105290","url":null,"abstract":"<div><div>This study exploits the Singapore Prime Minister’s announcement of the areas affected by sea level rise (SLR) within the country and its adaptation strategies valued at 100 billion Singapore dollars. Utilizing transaction-level data with exact locations, we find that public housing prices dropped by 7.2% in SLR areas four years after the announcement relative to non-SLR areas. In SLR areas with adaptation, the price depreciation was mitigated to 0.6%. In the private housing sector, freehold properties benefit more from adaptation strategies than leasehold properties. We calibrate the long-term discount rates before and after the shock at 2.27% and 2.14% in SLR areas and 2.35% and 2.12% in SLR areas with adaptation, respectively. (<em>JEL</em> H43, R21, R28, R38, R51, Q54)</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"241 ","pages":"Article 105290"},"PeriodicalIF":4.8,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170143","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
Populism and ideological convergence: Evidence from a multiparty system
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2025-01-01 DOI: 10.1016/j.jpubeco.2024.105271
Tuuli Tähtinen
{"title":"Populism and ideological convergence: Evidence from a multiparty system","authors":"Tuuli Tähtinen","doi":"10.1016/j.jpubeco.2024.105271","DOIUrl":"10.1016/j.jpubeco.2024.105271","url":null,"abstract":"<div><div>Populist parties have gained significant power in European politics in the last decades, raising concerns about the potentially contagious effect of populism. I study how populist party representation in local councils affects other parties’ ideological positions. I use variation created by close elections to identify ideological shifts resulting from a change in party representation, holding voter preferences constant. I use candidate-level data from a voting advice application to estimate ideological positions, modeling candidates’ responses using item response theory to obtain measures of ideology that are comparable across election years. The results show that increased populist representation causes the ideological spectrum among other parties’ candidates in the municipality to become more concentrated. One additional seat for the populist party reduces the interquartile range of candidate positions by 9 %. While there is initial ideological convergence between mainstream and populist parties, it does not persist as the populist party continues to gain more seats. These effects take place only on the liberal-conservative dimension, while positions on the economic dimension are unaffected. The results demonstrate that increased populist representation influences other parties and causes ideological convergence within the candidate base.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"241 ","pages":"Article 105271"},"PeriodicalIF":4.8,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170095","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
The effect of feedback on student performance
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2025-01-01 DOI: 10.1016/j.jpubeco.2024.105274
Esteban M. Aucejo , Kelvin Wong
{"title":"The effect of feedback on student performance","authors":"Esteban M. Aucejo ,&nbsp;Kelvin Wong","doi":"10.1016/j.jpubeco.2024.105274","DOIUrl":"10.1016/j.jpubeco.2024.105274","url":null,"abstract":"<div><div>This study examines the effect of scalable personalized feedback messages from professors on student performance in both synchronous and asynchronous classes, with a specific focus on first-generation students. We conducted a randomized controlled trial involving approximately 3,000 students across 39 introductory economics classes at Arizona State University. The feedback messages were tailored using information from students’ initial academic performance and surveys completed at the beginning of the semester. Our findings reveal that first-generation students in synchronous classes benefit significantly from personalized feedback, while no such effects are observed in asynchronous classes. In addition, the results suggest that aiding first-generation students in coping with adverse academic shocks, combined with professor encouragement, can be important in enhancing the effectiveness of feedback.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"241 ","pages":"Article 105274"},"PeriodicalIF":4.8,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170149","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
Industrialization and pollution: The long-term Impact of early-life exposure on human capital formation
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2025-01-01 DOI: 10.1016/j.jpubeco.2024.105270
Pan Chen
{"title":"Industrialization and pollution: The long-term Impact of early-life exposure on human capital formation","authors":"Pan Chen","doi":"10.1016/j.jpubeco.2024.105270","DOIUrl":"10.1016/j.jpubeco.2024.105270","url":null,"abstract":"<div><div>Air quality in developing countries is often much worse than in developed economies, yet evidence on the long-term human capital effects of air pollution in these settings is limited. This paper uses a cohort difference-in-differences approach to examine the impact of early-life exposure to air pollution during China’s 1950s industrialization on human capital formation. It assumes that economic opportunities linked to industrial plants impact upwind and downwind counties similarly within a 30-mile radius. The results indicate that moving from the 25<span><math><msup><mrow></mrow><mrow><mi>th</mi></mrow></msup></math></span> to 75<span><math><msup><mrow></mrow><mrow><mi>th</mi></mrow></msup></math></span> percentile of exposure reduces children’s education by approximately 0.11 years. This effect size is notably larger than the impacts of three other factors affecting educational attainment in both China and the United States.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"241 ","pages":"Article 105270"},"PeriodicalIF":4.8,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170151","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
One hundred years of U.S. state taxation
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2025-01-01 DOI: 10.1016/j.jpubeco.2024.105273
Sarah Robinson , Alisa Tazhitdinova
{"title":"One hundred years of U.S. state taxation","authors":"Sarah Robinson ,&nbsp;Alisa Tazhitdinova","doi":"10.1016/j.jpubeco.2024.105273","DOIUrl":"10.1016/j.jpubeco.2024.105273","url":null,"abstract":"<div><div>We analyze the evolution of U.S. state tax rates since 1910 and state tax revenues from 1942 until 2022. Tax policy shifted rapidly at the beginning of the 20<sup>th</sup> century, but in many ways has remained remarkably stable over the past fifty years. Even as tax rates change frequently and vary widely across states, the degree of heterogeneity across states in rates and revenues is very similar over time. We document two key insights for empirical researchers using variation in tax policy for identification. First, tax changes do not appear to be driven by economic conditions, as neither the timing of tax changes nor tax rates themselves exhibit a predictable pattern around state recessions. Second, throughout the time period we study, many tax changes occur simultaneously, particularly for personal, corporate, and sales taxes. Because the coinciding changes are typically moving in the same direction, researchers should use caution when attributing effects to a specific type of tax, and we show that estimates can be sensitive to controlling for additional tax rates.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"241 ","pages":"Article 105273"},"PeriodicalIF":4.8,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170147","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 effect of war on redistribution preferences
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2025-01-01 DOI: 10.1016/j.jpubeco.2024.105284
Alexei Zakharov , Philipp Chapkovski
{"title":"The effect of war on redistribution preferences","authors":"Alexei Zakharov ,&nbsp;Philipp Chapkovski","doi":"10.1016/j.jpubeco.2024.105284","DOIUrl":"10.1016/j.jpubeco.2024.105284","url":null,"abstract":"<div><div>Do wars change preferences for redistributive state policies? We analyze this question using a preregistered survey experiment involving <span><math><mrow><mi>N</mi><mo>=</mo><mn>3920</mn></mrow></math></span> respondents in Russia conducted during the Russo-Ukrainian war. The order of questions in the survey was manipulated to remind some respondents of the war before measuring the outcome variables. We find that among individuals who favor the war, the war reminder increases preferences for redistribution. Our two-part design allows us to investigate the channels for this effect; we find that it is partly due to increased trust in the government. We also observe an increase in prosocial preferences among individuals who support the war, but this effect is not associated with the increase in redistribution preferences.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"241 ","pages":"Article 105284"},"PeriodicalIF":4.8,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170150","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
Declining r∗ in the US: The role of Social Security
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2025-01-01 DOI: 10.1016/j.jpubeco.2024.105277
Jacopo Bonchi , Giacomo Caracciolo
{"title":"Declining r∗ in the US: The role of Social Security","authors":"Jacopo Bonchi ,&nbsp;Giacomo Caracciolo","doi":"10.1016/j.jpubeco.2024.105277","DOIUrl":"10.1016/j.jpubeco.2024.105277","url":null,"abstract":"<div><div>We develop a quantitative life-cycle model to study the impact of Social Security on the US natural interest rate, <span><math><msup><mrow><mi>r</mi></mrow><mrow><mo>∗</mo></mrow></msup></math></span>. Past reforms mitigated the <span><math><msup><mrow><mi>r</mi></mrow><mrow><mo>∗</mo></mrow></msup></math></span> decline, raising the natural rate by approximately 1 percentage point between 1970 and 2015 through higher replacement rate and retirement age. In the future, increasing the retirement age would counteract the downward pressure on <span><math><msup><mrow><mi>r</mi></mrow><mrow><mo>∗</mo></mrow></msup></math></span> due to demographics more than reforms entailing higher contribution or lower replacement rates, with the latter reform delivering the lowest <span><math><msup><mrow><mi>r</mi></mrow><mrow><mo>∗</mo></mrow></msup></math></span> value across different future productivity scenarios for the US economy.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"241 ","pages":"Article 105277"},"PeriodicalIF":4.8,"publicationDate":"2025-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143170144","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
Laffer’s day in court: The revenue effects of criminal justice fees and fines 拉弗的出庭日：刑事司法收费和罚款对收入的影响
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2024-11-26 DOI: 10.1016/j.jpubeco.2024.105249
Samuel Norris , Evan K. Rose
{"title":"Laffer’s day in court: The revenue effects of criminal justice fees and fines","authors":"Samuel Norris ,&nbsp;Evan K. Rose","doi":"10.1016/j.jpubeco.2024.105249","DOIUrl":"10.1016/j.jpubeco.2024.105249","url":null,"abstract":"<div><div>Many jurisdictions levy sizable fines and fees (legal financial obligations, or LFOs) on criminal defendants. Proponents argue LFOs are a “tax on crime” that funds courts and provides deterrence; opponents argue they do neither. We examine the fiscal implications of lowering LFOs. Incentives to default generate a “Laffer” curve with revenue eventually decreasing in LFOs. Using detailed administrative data, however, we find few defendants demonstrably on the right-hand side of the curve. Those who are tend to be poor, Black, and charged with felonies. As a result, decreasing LFOs for the average defendant would come at substantial cost to governments.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"240 ","pages":"Article 105249"},"PeriodicalIF":4.8,"publicationDate":"2024-11-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142720718","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
Place-based policies, structural change and female labor: Evidence from India’s Special Economic Zones 基于地方的政策、结构变化和女性劳动力：印度经济特区的证据
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2024-11-25 DOI: 10.1016/j.jpubeco.2024.105259
Johannes Gallé , Daniel Overbeck , Nadine Riedel , Tobias Seidel
{"title":"Place-based policies, structural change and female labor: Evidence from India’s Special Economic Zones","authors":"Johannes Gallé ,&nbsp;Daniel Overbeck ,&nbsp;Nadine Riedel ,&nbsp;Tobias Seidel","doi":"10.1016/j.jpubeco.2024.105259","DOIUrl":"10.1016/j.jpubeco.2024.105259","url":null,"abstract":"<div><div>This paper quantifies the local economic impact of special economic zones (SEZs) established in India between 2005 and 2013. Using a novel dataset that combines census information on the universe of Indian firms with geo-referenced data on SEZs, we find that the establishment of SEZs increased local manufacturing and service employment, with positive spillovers up to 10 km from the SEZ area. The analysis shows that the gains in manufacturing and service employment were accompanied by a decline in agricultural labor, especially for women, suggesting that the policy contributed to structural change. In further analysis, we document that significant local employment effects occur across different types of SEZs: privately and publicly run zones, and SEZs with different industry designations.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"240 ","pages":"Article 105259"},"PeriodicalIF":4.8,"publicationDate":"2024-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142699540","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 scale and nature of neighborhood effects on children 邻里关系对儿童影响的规模和性质
IF 4.8 1区 经济学
Journal of Public Economics Pub Date : 2024-11-25 DOI: 10.1016/j.jpubeco.2024.105260
Stephen B. Billings , Mark Hoekstra , Gabriel Pons Rotger
{"title":"The scale and nature of neighborhood effects on children","authors":"Stephen B. Billings ,&nbsp;Mark Hoekstra ,&nbsp;Gabriel Pons Rotger","doi":"10.1016/j.jpubeco.2024.105260","DOIUrl":"10.1016/j.jpubeco.2024.105260","url":null,"abstract":"<div><div>Research documents a causal impact of place on children’s long-run outcomes. However, little is known about the scale at which neighborhood effects operate, and thus what it is about neighborhoods that matters. By using the quasi-random assignment of public housing along with administrative data from Denmark, we get inside the “black box” of neighborhood effects by defining neighborhoods using various characteristics and scales. Results indicate effects on education and earnings are large but local, while effects on drug possession operate on a broader scale. Additionally, unemployment and education are better predictors of outcomes than neighborhood income.</div></div>","PeriodicalId":48436,"journal":{"name":"Journal of Public Economics","volume":"240 ","pages":"Article 105260"},"PeriodicalIF":4.8,"publicationDate":"2024-11-25","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142699541","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
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