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Outcomes or participation? Experimentally testing competing sources of legitimacy for taxation 结果还是参与?实验性地测试税收合法性的竞争来源
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-11-23 DOI: 10.1111/ecin.13188
Christoph Engel, Luigi Mittone, Azzurra Morreale
{"title":"Outcomes or participation? Experimentally testing competing sources of legitimacy for taxation","authors":"Christoph Engel,&nbsp;Luigi Mittone,&nbsp;Azzurra Morreale","doi":"10.1111/ecin.13188","DOIUrl":"10.1111/ecin.13188","url":null,"abstract":"<p>Legitimacy may result from support for projects that a government implements. However, legitimacy may also result from the opportunity to participate in the selection process of projects. We tested the strength of these competing sources of legitimacy experimentally and their relationship. We find a straightforward effect of the former: the more projects a participant supports, the higher their taxes. Participants are also willing to pay for participation; if they have had a say, they pay higher taxes. Yet, most of this effect is actually instrumental: participants want participation to ensure that their taxes are used for purposes they deem acceptable.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"62 2","pages":"563-583"},"PeriodicalIF":1.8,"publicationDate":"2023-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13188","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138496911","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
The age-wage-productivity puzzle: Evidence from the careers of top earners 年龄-工资-生产率之谜:来自高收入者职业生涯的证据
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-11-22 DOI: 10.1111/ecin.13191
Rachel Scarfe, Carl Singleton, Adesola Sunmoni, Paul Telemo
{"title":"The age-wage-productivity puzzle: Evidence from the careers of top earners","authors":"Rachel Scarfe,&nbsp;Carl Singleton,&nbsp;Adesola Sunmoni,&nbsp;Paul Telemo","doi":"10.1111/ecin.13191","DOIUrl":"10.1111/ecin.13191","url":null,"abstract":"<p>There is an inverted u-shaped relationship between age and wages in most labor markets, but the effects of age on productivity are often unclear. We use panel data in a market of high earners, professional footballers (soccer players) in North America, to estimate age-productivity and age-wage profiles. We find stark differences; wages increase for several years after productivity has peaked, before dropping sharply at the end of a career. This poses the question: why are middle-aged workers seemingly overpaid? We investigate a range of possible mechanisms that could be responsible, only finding evidence that tentatively supports a talent discovery theory.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"62 2","pages":"584-606"},"PeriodicalIF":1.8,"publicationDate":"2023-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13191","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138517235","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
The increasing penalty to occupation-education mismatch 职业教育不匹配的惩罚日益加重
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-11-20 DOI: 10.1111/ecin.13192
Hugh Cassidy, Amanda Gaulke
{"title":"The increasing penalty to occupation-education mismatch","authors":"Hugh Cassidy,&nbsp;Amanda Gaulke","doi":"10.1111/ecin.13192","DOIUrl":"10.1111/ecin.13192","url":null,"abstract":"<p>College-educated workers in jobs unrelated to their degree generally receive lower wages compared to well-matched workers. Our analysis of data from the National Survey of College Graduates shows that although the rate of this mismatch declined only slightly (18%–17%), the wage penalty increased by 56% between 1993 and 2019. Changes in the composition of field of study over time, as well as declining returns to “excess” education above what is required for the occupation both help to explain the increasing penalty, especially for women. Mismatch has become more closely associated with lower-return occupations for men but not women.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"62 2","pages":"607-632"},"PeriodicalIF":1.8,"publicationDate":"2023-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138496909","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
Pandemic containment and inequality in a developing economy 流行病控制和发展中经济体中的不平等
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-11-15 DOI: 10.1111/ecin.13190
Kunal Dasgupta, Srinivasan Murali
{"title":"Pandemic containment and inequality in a developing economy","authors":"Kunal Dasgupta,&nbsp;Srinivasan Murali","doi":"10.1111/ecin.13190","DOIUrl":"10.1111/ecin.13190","url":null,"abstract":"<p>Using individual-level panel data from India, we show that income inequality between high-skilled and low-skilled workers increased following COVID-19 lockdown. Integrating a susceptible, infected, recovered, dead epidemiological model into a general equilibrium framework with high-skilled and low-skilled workers, working either from their offices (onsite) or from their homes (remote), we can explain between 24 and 59 percent of the observed increase in inequality. We also find that disease incidence is higher among low-skilled workers as they choose to work more onsite compared to their high-skilled counterparts. Direct transfers for low-skilled workers reverses this increase in inequality and improves the effectiveness of containment policies.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"62 2","pages":"837-864"},"PeriodicalIF":1.8,"publicationDate":"2023-11-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138496908","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
New evidence on crude oil market efficiency 原油市场效率的新证据
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-11-05 DOI: 10.1111/ecin.13189
Liang Hu, Yoon-Jin Lee
{"title":"New evidence on crude oil market efficiency","authors":"Liang Hu,&nbsp;Yoon-Jin Lee","doi":"10.1111/ecin.13189","DOIUrl":"10.1111/ecin.13189","url":null,"abstract":"<p>This paper examines the Efficient Market Hypothesis (EMH) in crude oil amid the “financialization of commodity markets” and the “fracking revolution”. It applies the generalized spectral derivative test (Hong and Lee 2005) on both West Texas Intermediate and Brent spot and futures markets, alongside a stochastic dominance test (Linton et al., 2005) to investigate arbitrage opportunities across markets and benchmarks. The findings indicate that financialization has made each market more efficient but also created more arbitrage opportunities in spot-futures markets at both benchmarks. The fracking revolution has fragmented oil markets but had little impact on EMH in individual markets or across markets.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"62 2","pages":"892-916"},"PeriodicalIF":1.8,"publicationDate":"2023-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135726224","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
Dynare replication of “A Model of Secular Stagnation: Theory and Quantitative Evaluation” by Eggertsson et al. (2019) Eggertsson等人(2019)“长期停滞模型:理论与定量评估”的动态复制
IF 1.7 4区 经济学
Economic Inquiry Pub Date : 2023-11-01 DOI: 10.1111/ecin.13185
Alex Crescentini, Federico Giri
{"title":"Dynare replication of “A Model of Secular Stagnation: Theory and Quantitative Evaluation” by Eggertsson et al. (2019)","authors":"Alex Crescentini,&nbsp;Federico Giri","doi":"10.1111/ecin.13185","DOIUrl":"10.1111/ecin.13185","url":null,"abstract":"<p>This paper replicates the study “A Model of Secular Stagnation: Theory and Quantitative Evaluation” by Eggertsson et al. using the Dynare toolkit. Replication is important as it confirms the results of the original article, provides a user-friendly version using Dynare, and shows how to deal with large-scale models with occasionally binding constraints. The results show that the original Matlab code was fully replicated, but minor discrepancies were found between the paper's equations and the code. The two models produce similar dynamics but with small differences, particularly at the beginning of the simulation.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 2","pages":"403-423"},"PeriodicalIF":1.7,"publicationDate":"2023-11-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13185","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135220863","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
The lasting impact of external shocks on political opinions and populist voting 外部冲击对政治观点和民粹主义投票的持久影响
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-10-28 DOI: 10.1111/ecin.13184
Eugenio Levi, Isabelle Sin, Steven Stillman
{"title":"The lasting impact of external shocks on political opinions and populist voting","authors":"Eugenio Levi,&nbsp;Isabelle Sin,&nbsp;Steven Stillman","doi":"10.1111/ecin.13184","DOIUrl":"10.1111/ecin.13184","url":null,"abstract":"<p>We use electoral survey data linked to disaggregated geographical data to examine the impact that two external shocks had on the initial development and long-term success of New Zealand First (NZF), one of the oldest populist parties in the Organisation for Economic Co-operation and Development, as well as their short and long-run impact on voting and political opinions. We find that people exposed to both structural and immigration reforms were more likely to initially vote for NZF and permanently changed their political attitudes and policy preferences. Exposure to these shocks plays an important role in explaining the rise and continued success of populism in New Zealand.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"62 1","pages":"349-374"},"PeriodicalIF":1.8,"publicationDate":"2023-10-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13184","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136233093","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
Why do older scholars slow down? 为什么年长的学者会放慢脚步？
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-10-27 DOI: 10.1111/ecin.13186
Daniel S. Hamermesh, Lea-Rachel Kosnik
{"title":"Why do older scholars slow down?","authors":"Daniel S. Hamermesh,&nbsp;Lea-Rachel Kosnik","doi":"10.1111/ecin.13186","DOIUrl":"10.1111/ecin.13186","url":null,"abstract":"<p>Using data describing all “Top 5” economics journal publications from 1969 to 2018, we examine what determines which authors produce less as they age and which retire earlier. Sub-field has no impact on the rate of production, but interacts with it to alter retirement probabilities. A positive, tentative, and contemporary writing style increases persistence in publishing. Authors whose previous work was more heavily cited produce slightly more. Those better-cited with more top-flight publications retire later than others. Declining publication with age arises mostly from habit—there is a very significant increasing positive autocorrelation of publication across the decades of a career.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"62 1","pages":"488-499"},"PeriodicalIF":1.8,"publicationDate":"2023-10-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136318776","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
Do unconditional cash transfers increase fertility? Lessons from a large-scale program 无条件现金转移会提高生育率吗？大规模计划的经验教训
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-10-23 DOI: 10.1111/ecin.13187
Sefa Awaworyi Churchill, Nasir Iqbal, Saima Nawaz, Siew Ling Yew
{"title":"Do unconditional cash transfers increase fertility? Lessons from a large-scale program","authors":"Sefa Awaworyi Churchill,&nbsp;Nasir Iqbal,&nbsp;Saima Nawaz,&nbsp;Siew Ling Yew","doi":"10.1111/ecin.13187","DOIUrl":"10.1111/ecin.13187","url":null,"abstract":"<p>We examine the impact of unconditional cash transfers (UCTs) on fertility. We develop a theoretical model that demonstrates how UCTs affect fertility decisions, time allocations for leisure, labor and childrearing, and child health through health spending. We then empirically examine the impact of UCTs on fertility in Pakistan. Our theoretical model suggests that under certain conditions, UCTs are likely to increase fertility if UCTs increase child health regardless of how they affect parental leisure, labor and childrearing time. The empirical results suggest that UCTs have a positive effect on fertility.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"62 1","pages":"74-96"},"PeriodicalIF":1.8,"publicationDate":"2023-10-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13187","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135366699","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
Locked down in distress: A quasi-experimental estimation of the mental-health fallout from the COVID-19 pandemic 在痛苦中被禁锢：COVID-19 大流行对心理健康影响的准实验性评估
IF 1.8 4区 经济学
Economic Inquiry Pub Date : 2023-10-18 DOI: 10.1111/ecin.13181
Lina Anaya, Peter Howley, Muhammad Waqas, Gaston Yalonetzky
{"title":"Locked down in distress: A quasi-experimental estimation of the mental-health fallout from the COVID-19 pandemic","authors":"Lina Anaya,&nbsp;Peter Howley,&nbsp;Muhammad Waqas,&nbsp;Gaston Yalonetzky","doi":"10.1111/ecin.13181","DOIUrl":"10.1111/ecin.13181","url":null,"abstract":"<p>We use a large-scale longitudinal survey with a differences-in-differences research design to estimate the impact of the COVID-19 pandemic on mental health in the United Kingdom. We report substantial increases in psychological distress for the population overall during the first wave. These impacts were not uniformly distributed, with the mental health costs being more pronounced for females, younger cohorts, the black, Asian and minority ethnic community, and migrants. We also identified characteristics capable of predicting resilience to the mental health effects. We find that people with financial worries, loneliness or living in overcrowded dwellings experienced significantly worse mental health deterioration during the first wave.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"62 1","pages":"56-73"},"PeriodicalIF":1.8,"publicationDate":"2023-10-18","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13181","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135883480","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
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