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AEA papers and proceedings. American Economic Association最新文献

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The Incarceration Penalty and Black-White Economic Inequality: The Case of Baltimore 监禁刑罚与黑人-白人经济不平等:巴尔的摩案例
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231132
Lauren Russell, J. Zumaeta, Aaron Colston, William A. Darity
{"title":"The Incarceration Penalty and Black-White Economic Inequality: The Case of Baltimore","authors":"Lauren Russell, J. Zumaeta, Aaron Colston, William A. Darity","doi":"10.1257/pandp.20231132","DOIUrl":"https://doi.org/10.1257/pandp.20231132","url":null,"abstract":"This paper investigates income and wealth gaps by household incarceration history within and across racial groups using the Blinder-Oaxaca decomposition. We study this in the context of 2017 Baltimore. We find that households exposed to incarceration have lower levels of income and wealth and that these differences are largest for White households. Additionally, we find that Black households without incarceration exposure fare no better in household income than White households with exposure but have higher levels of wealth (driven by lower debt levels). These results highlight the importance of studying the relationship between the criminal legal system and economic inequality.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"16 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83736689","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Firm Inflation Uncertainty 稳定通胀的不确定性
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231035
I. Yotzov, Lena Anayi, N. Bloom, Philip D. Bunn, P. Mizen, Özgen Öztürk, Gregory Thwaites
{"title":"Firm Inflation Uncertainty","authors":"I. Yotzov, Lena Anayi, N. Bloom, Philip D. Bunn, P. Mizen, Özgen Öztürk, Gregory Thwaites","doi":"10.1257/pandp.20231035","DOIUrl":"https://doi.org/10.1257/pandp.20231035","url":null,"abstract":"We introduce a new measure of own-price inflation uncertainty using firm-level data from a large and representative survey of UK businesses. Inflation uncertainty has increased significantly since the start of 2021, even as a similar measure of sales uncertainty has declined. We also find large cross-sectional differences in inflation uncertainty, with uncertainty particularly elevated for smaller firms and those in the goods sector. Finally, we show that firms that are more uncertain about their own price expectations experience higher forecast errors 12 months later. These findings suggest that inflation uncertainty may be important for understanding firm performance.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"124 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88638719","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Measuring Work from Home in the Cross Section 测量工作从家庭在横截面
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231016
Augustus Kmetz, John B. Mondragón, J. Wieland
{"title":"Measuring Work from Home in the Cross Section","authors":"Augustus Kmetz, John B. Mondragón, J. Wieland","doi":"10.1257/pandp.20231016","DOIUrl":"https://doi.org/10.1257/pandp.20231016","url":null,"abstract":"We compare survey-based measures of work from home (WFH) in the cross section. While the surveys differ in how comprehensively they measure WFH, they are highly correlated in the cross section of US states, suggesting that they will yield similar causal effects. Researchers should carefully consider the trade-off between how comprehensively WFH is measured and measurement error, with the American Community Survey well suited for low levels of aggregation and the Survey of Working Arrangements and Attitudes and Real-Time Population Survey well suited to measuring distinct types of WFH. We also document that the experimental 2020 ACS replicate weights produce errors that are too small.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90396178","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Great Start-up Sellout and the Rise of Oligopoly 初创企业大抛售与寡头垄断的兴起
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231024
Florian Ederer, Bruno Pellegrino
{"title":"The Great Start-up Sellout and the Rise of Oligopoly","authors":"Florian Ederer, Bruno Pellegrino","doi":"10.1257/pandp.20231024","DOIUrl":"https://doi.org/10.1257/pandp.20231024","url":null,"abstract":"We document a secular shift from initial public offerings to acquisitions of venture capital-backed start-ups and show that this trend is accompanied by an increase in the opportunity cost of going public over the last quarter-century. Dominant companies that are disproportionately active in the corporate control market for start-ups have become more insulated from the pressures of product market competition over the same period. These facts are consistent with the hypothesis that start-up acquisitions have contributed to rising oligopoly power.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135399773","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 3
Report of the Committee on Government Relations 政府关系委员会的报告
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.113.786
{"title":"Report of the Committee on Government Relations","authors":"","doi":"10.1257/pandp.113.786","DOIUrl":"https://doi.org/10.1257/pandp.113.786","url":null,"abstract":"","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135145809","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Front Matter 前页
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.113.i
{"title":"Front Matter","authors":"","doi":"10.1257/pandp.113.i","DOIUrl":"https://doi.org/10.1257/pandp.113.i","url":null,"abstract":"","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135145695","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Trickling Up of Excess Savings 过剩储蓄的涓滴效应
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231027
Adrien Auclert, Matthew Rognlie, Ludwig Straub
{"title":"The Trickling Up of Excess Savings","authors":"Adrien Auclert, Matthew Rognlie, Ludwig Straub","doi":"10.1257/pandp.20231027","DOIUrl":"https://doi.org/10.1257/pandp.20231027","url":null,"abstract":"We provide a simple framework connecting the distribution of excess savings across households to the dynamics of aggregate demand. Deficit-financed fiscal transfers generate excess savings. The poorest households with the highest marginal propensities to consume (MPCs) spend down their excess savings the fastest, increasing other households' incomes and their excess savings. This leads to a long-lasting increase in aggregate demand until, ultimately, excess savings have “trickled up” to the richest savers with the lowest MPCs, raising wealth inequality.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"149 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135145703","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Heterogeneity in Attitude Responses: Evidence from Bostock v. Clayton County 态度反应的异质性:来自博斯托克诉克莱顿县的证据
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231055
Cameron Deal
{"title":"Heterogeneity in Attitude Responses: Evidence from Bostock v. Clayton County","authors":"Cameron Deal","doi":"10.1257/pandp.20231055","DOIUrl":"https://doi.org/10.1257/pandp.20231055","url":null,"abstract":"Traditional models of policy formation emphasize how political attitudes and actions affect policy outcomes. However, the converse may occur–policies are often a signal to constituents about the priorities and positions of both political actors and the government more broadly. I use the Supreme Court's decision in Bostock v. Clayton County to find broadbased improvements in attitudes toward LGBT people. Additionally, I find that my effect is almost entirely driven by men. These findings support a legitimization model of attitude effects. However, the distinct effects by gender suggest that gendered determinants of attitudes toward LGBT people may differ significantly.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"91 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72824989","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Report of the Editor, Journal of Economic Perspectives 《经济展望杂志》编辑报告
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.113.733
{"title":"Report of the Editor, Journal of Economic Perspectives","authors":"","doi":"10.1257/pandp.113.733","DOIUrl":"https://doi.org/10.1257/pandp.113.733","url":null,"abstract":"","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"207 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74580475","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Monetary Policy, Market Power, and SMEs 货币政策、市场力量与中小企业
AEA papers and proceedings. American Economic Association Pub Date : 2023-05-01 DOI: 10.1257/pandp.20231006
Annalisa Ferrando, P. Mcadam, Filippos Petroulakis, X. Vives
{"title":"Monetary Policy, Market Power, and SMEs","authors":"Annalisa Ferrando, P. Mcadam, Filippos Petroulakis, X. Vives","doi":"10.1257/pandp.20231006","DOIUrl":"https://doi.org/10.1257/pandp.20231006","url":null,"abstract":"Monetary policy aims to affect corporate borrowing by influencing the marginal costs of firms, but its potency can be conditioned by the degree of market competition. We first identify conditions under which changes in marginal costs have different effects on credit constraints and output under different competitive environments, in a simple Cournot competition setting. We then exploit a monetary policy easing shock in the euro area to examine whether policy pass-through is conditioned by market structure. We show that small firms within less concentrated sectors experienced a larger reduction in credit constraints than similar firms in more concentrated sectors.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84172731","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","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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