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Economic Inquiry 2023 Editor's Report 2023 年经济调查》编辑报告
IF 1.7 4区 经济学
Economic Inquiry Pub Date : 2024-09-24 DOI: 10.1111/ecin.13252
Timothy C. Salmon
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引用次数: 0
Hedging mortality risk over the life-cycle—The role of information and borrowing constraints 对冲生命周期中的死亡率风险--信息和借贷限制的作用
IF 1.7 4区 经济学
Economic Inquiry Pub Date : 2024-09-11 DOI: 10.1111/ecin.13250
Torben M. Andersen
{"title":"Hedging mortality risk over the life-cycle—The role of information and borrowing constraints","authors":"Torben M. Andersen","doi":"10.1111/ecin.13250","DOIUrl":"10.1111/ecin.13250","url":null,"abstract":"<p>Many pension schemes offer annuities pooling mortality risk across members. Such pooling has been criticized for having a regressive bias benefitting risk classes with the longest expected longevity. However, knowledge on mortality risk unfolds over the life-course, and it is optimal for risk averse households to annuitize all old-age consumption already as young buying pooled contracts, even if fair annuities are available later in life or risk class is private information. Borrowing constraints impair such frontloading but are lessened by a mandated pooled annuity targeting the middle-aged, improving welfare for all risk classes and the first-best allocation may be implementable.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-09-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13250","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142182008","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Tullock contest with reference-dependent preferences 依赖参考偏好的塔洛克竞赛
IF 1.7 4区 经济学
Economic Inquiry Pub Date : 2024-09-08 DOI: 10.1111/ecin.13251
Francesco Fallucchi, Francesco Trevisan
{"title":"Tullock contest with reference-dependent preferences","authors":"Francesco Fallucchi,&nbsp;Francesco Trevisan","doi":"10.1111/ecin.13251","DOIUrl":"10.1111/ecin.13251","url":null,"abstract":"<p>We study the Tullock contest model with loss aversion and endogenously formed reference points. In a contest with <i>n</i> possibly heterogeneous players and convex effort costs, we establish sufficient conditions for a unique Nash equilibrium in pure strategies. Subsequently, we analyze the impact of loss aversion on players' spending behavior, probability of winning, and rent dissipation.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-09-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13251","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142182135","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Social framing effects in leadership by example: Preferences or beliefs? 以身作则的领导力中的社会框架效应：偏好还是信念？
IF 1.7 4区 经济学
Economic Inquiry Pub Date : 2024-08-10 DOI: 10.1111/ecin.13249
Edward Cartwright, Michalis Drouvelis
{"title":"Social framing effects in leadership by example: Preferences or beliefs?","authors":"Edward Cartwright,&nbsp;Michalis Drouvelis","doi":"10.1111/ecin.13249","DOIUrl":"10.1111/ecin.13249","url":null,"abstract":"<p>We study the impact of framing on leading-by-example. Our 2 × 2 design consists of group level frames (Wall Street vs. Community) and individual level frames (First/Second Movers vs. Leader/Followers). We report on two studies where we elicit participants' beliefs allowing us to evaluate whether framing effects are driven by beliefs or preferences. Across both studies, average contributions are significantly lower in the Community—First Mover frame. This is primarily because leaders contribute less, pulling down followers' contributions. We find that contributions are strongly related to first order and second order beliefs but framing effects remain once we control for beliefs.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-08-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13249","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141919946","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Activity-based funding reform and the performance of public hospitals: The case of Queensland, Australia 基于活动的拨款改革与公立医院的绩效：澳大利亚昆士兰州的案例
IF 1.7 4区 经济学
Economic Inquiry Pub Date : 2024-08-08 DOI: 10.1111/ecin.13246
Bao Hoang Nguyen, Shawna Grosskopf, Jongsay Yong, Valentin Zelenyuk
{"title":"Activity-based funding reform and the performance of public hospitals: The case of Queensland, Australia","authors":"Bao Hoang Nguyen,&nbsp;Shawna Grosskopf,&nbsp;Jongsay Yong,&nbsp;Valentin Zelenyuk","doi":"10.1111/ecin.13246","DOIUrl":"10.1111/ecin.13246","url":null,"abstract":"<p>This study investigates the impact of activity-based funding (ABF) on the performance of hospitals by exploiting a natural experiment that happened in the state of Queensland, Australia. To examine the outcome of the reform, the performance of hospitals is measured by the technical efficiency estimated from data envelopment analysis (DEA) models. We try to identify the causal effect of ABF on the technical efficiency of hospitals by incorporating difference-in-differences approach in the popular two-stage DEA framework. We find empirical evidence that ABF improves the technical efficiency of hospitals.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-08-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13246","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141928735","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Retirement wealth, earnings risks, and intergenerational links 退休财富、收入风险和代际联系
IF 1.7 4区 经济学
Economic Inquiry Pub Date : 2024-08-01 DOI: 10.1111/ecin.13247
Lei Shao, Jie Zhang
{"title":"Retirement wealth, earnings risks, and intergenerational links","authors":"Lei Shao,&nbsp;Jie Zhang","doi":"10.1111/ecin.13247","DOIUrl":"10.1111/ecin.13247","url":null,"abstract":"<p>This paper investigates the accumulation and distribution of retirement wealth in a dynastic model with earnings risks, longevity uncertainties, and borrowing constraints. It resolves the wealth indeterminacy problem across generations in dynastic families by introducing a transaction cost for intergenerational transfers. It captures the pattern of inter vivos transfers, the relationship between wealth and earnings, and wealth inequality in the US data. Social security lowers precautionary savings by redistributing income from families with high earnings or short-lived parents to others, thus reducing investment, the growth rate in income per capita, inequality in retirees' consumption, and the wealth-earnings correlation.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-08-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141885086","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Inflation targeting, output stabilization, and real indeterminacy in monetary models with an interest rate rule 利率规则货币模型中的通胀目标、产出稳定和实际不确定性
IF 1.7 4区 经济学
Economic Inquiry Pub Date : 2024-07-29 DOI: 10.1111/ecin.13248
Konstantin Platonov
{"title":"Inflation targeting, output stabilization, and real indeterminacy in monetary models with an interest rate rule","authors":"Konstantin Platonov","doi":"10.1111/ecin.13248","DOIUrl":"10.1111/ecin.13248","url":null,"abstract":"<p>Central banks set the nominal interest rate to target inflation and stabilize output. In monetary models, monetary policy affects output directly via the wealth effect. I show that in these models, the response of the central bank to fluctuations in output may induce real indeterminacy even if the Taylor principle is satisfied. I find that the determinacy conditions depend on the interest elasticity of output and generally, the Taylor principle is neither necessary nor sufficient for determinacy. This is in stark contrast with the New Keynesian model where a sufficiently strong policy response to inflation or output usually ensures determinacy.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13248","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141869273","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Understanding cultural persistence and change: A replication of Giuliano and Nunn (2021) 了解文化的持久性和变化：复制朱利亚诺和纳恩（2021 年）
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2024-07-18 DOI: 10.1111/ecin.13242
Simone Bertoli, Melchior Clerc, Jordan Loper, Èric Roca Fernández
{"title":"Understanding cultural persistence and change: A replication of Giuliano and Nunn (2021)","authors":"Simone Bertoli, Melchior Clerc, Jordan Loper, Èric Roca Fernández","doi":"10.1111/ecin.13242","DOIUrl":"https://doi.org/10.1111/ecin.13242","url":null,"abstract":"Giuliano and Nunn (2021) provide econometric evidence that ancestral climatic variability reduces the current importance of tradition. We conduct a “deep reproduction”, comparing the precise descriptions of the individual‐level regressions in their article with the corresponding code. This analysis uncovers several major inconsistencies, also related to the code not included in their replication package. A published <jats:italic>corrigendum</jats:italic> addresses some inconsistencies we had also communicated to the Editor of REStud, but several remain, relating to a substantial portion of the observations. A realignment of the code with the text reveals a more nuanced relationship between ancestral climatic variability and tradition.","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.8,"publicationDate":"2024-07-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141739383","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Favoritism under multiple sources of social pressure 多重社会压力下的偏袒
IF 1.7 4区 经济学
Economic Inquiry Pub Date : 2024-07-15 DOI: 10.1111/ecin.13245
Gábor Békés, Endre Borza, Márton Fleck
{"title":"Favoritism under multiple sources of social pressure","authors":"Gábor Békés,&nbsp;Endre Borza,&nbsp;Márton Fleck","doi":"10.1111/ecin.13245","DOIUrl":"10.1111/ecin.13245","url":null,"abstract":"<p>When social pressure leads to favoritism, policies might aim to reduce the bias by affecting its source. This paper shows that multiple sources may be present and telling them apart is important. We build a novel and granular dataset on European football games and revisit the view that supporting crowds make referees help the host team. We find this bias to remain unchanged even in stadiums closed due to Covid-19. Instead, influential host organizations emerge as the source of social pressure. This has an adverse effect on maintaining the ranking of influential teams and hindering the progress of smaller teams.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13245","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141647000","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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
Managing migration crises: Evidence from surge facilities and unaccompanied minor children flows 管理移民危机：增援设施和孤身未成年儿童流动的证据
IF 1.7 4区 经济学
Economic Inquiry Pub Date : 2024-07-10 DOI: 10.1111/ecin.13243
Catalina Amuedo-Dorantes, José R. Bucheli, Mary J. Lopez
{"title":"Managing migration crises: Evidence from surge facilities and unaccompanied minor children flows","authors":"Catalina Amuedo-Dorantes,&nbsp;José R. Bucheli,&nbsp;Mary J. Lopez","doi":"10.1111/ecin.13243","DOIUrl":"10.1111/ecin.13243","url":null,"abstract":"<p>Climate change, political turmoil, and economic instability worldwide suggest that managing migration surges will be a permanent challenge for many economies. In response to the record arrival of unaccompanied migrant children at the southern border, the Biden administration used surge facilities to expedite the processing of children. We assess the effectiveness of this strategy and document reductions in the time children spent under government custody. A counterfactual analysis reveals that, in their absence, the average time to reunification would have risen from 37 to 50 days. Migration surges involving unaccompanied children underscore the urgency of identifying efficient and humanitarian strategies.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":null,"pages":null},"PeriodicalIF":1.7,"publicationDate":"2024-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141587735","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"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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