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Household carbon dioxide emissions Engel Curve dynamics Contemporary Economic Policy (IF 1.212) Pub Date : 2024-04-13 Robert Huang, Matthew E. Kahn
Household carbon dioxide emissions depend on the household's attributes and location. Wealthier suburbanites drive more and consume more energy at home. In recent years, affluent individuals have been more likely to purchase electric vehicles and install solar panels. Using several datasets from California, we observe that these shifts in consumer behavior have flattened household Carbon Emissions
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Supply of mental health practices after prescriptive authority expansion for psychologists Contemporary Economic Policy (IF 1.212) Pub Date : 2024-04-06 Angela Shoulders, Alicia Plemmons
The prescription‐privileges movement has advocated for state laws enabling trained psychologists to prescribe psychotropic medication. We examine the impact of these laws on healthcare access and outcomes. Using staggered difference‐in‐differences analysis and Data Axle data, we estimate the number of new mental health establishments per 100,000 people after policy implementation. Using CDC data, we
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The role of football win percentage on college applications for power five and group of five schools Contemporary Economic Policy (IF 1.212) Pub Date : 2024-03-26 Craig McFarland, Peter A. Groothuis, Dennis Guignet
Investing in athletics is one approach that universities have taken to better appeal to potential students. We analyze whether football success, as measured by win percentage, is correlated with a higher number of student applicants. We find that for schools in the major “Power‐Five” conferences, win percentage does not significantly change the number of students who apply. However, in the smaller
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Issue Information Contemporary Economic Policy (IF 1.212) Pub Date : 2024-03-12
No abstract is available for this article.
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Income inequality and party alternation: State-level evidence from the United States Contemporary Economic Policy (IF 1.212) Pub Date : 2024-02-04 Peter Calcagno, Alexander Marsella, Yang Zhou
Using multiple measures of income inequality and political party alternation for US states we examine panel data from 1971 to 2015 to test whether income inequality affects party alternation for governors. We test various measures of party alternation at the state level. The evidence suggests that income inequality increases party alternation and has a nonlinear relationship with gubernatorial-party
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Gender equity and male and female smoking behavior Contemporary Economic Policy (IF 1.212) Pub Date : 2024-02-01 William Jergins
We document a positive relationship between culturally inherited beliefs about gender equity and female smoking, using data on first and second-generation immigrants living in the United States. We find that a one standard deviation increase in our measure of gender equity is associated with an increase in the probability that a female immigrant smokes of approximately 1.4 and 1.8 percentage points
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Spillover between Medicare and Medicaid: Evidence from decreasing physician reimbursements Contemporary Economic Policy (IF 1.212) Pub Date : 2024-01-24 Kole Reddig
This paper studies the effect of large changes in Medicaid reimbursement rates on the quantity of care supplied to Medicare beneficiaries. In 2015, the payment parity provision of the Affordable Care Act ended, causing widespread decreases in reimbursements to primary care providers for Medicaid services. Difference-in-differences and triple-differences model estimates show that decreasing physician
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Does membership of the EMU matter for economic and financial outcomes? Contemporary Economic Policy (IF 1.212) Pub Date : 2024-01-08 Omid M. Ardakani, N. Kundan Kishor, Suyong Song
This study examines the effects of joining the European Monetary Union (EMU) using propensity score matching to address self-selection bias. Findings indicate that EMU membership leads to reduced volatility in inflation, output growth, and bond yields. However, it also reveals fiscal deterioration in member states during the pre-financial crisis period, even excluding Greece, Ireland, Portugal, and
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Why college majors and selectivity matter: Major groupings, occupation specificity, and job skills Contemporary Economic Policy (IF 1.212) Pub Date : 2024-01-10 Deborah M. Weiss, Matthew L. Spitzer, Colton Cronin, Neil Chin
We provide new approaches to examining the returns to college majors and institutional selectivity. Using unique resume data, we devise new groupings of majors and use these to construct five measures that characterize majors. Applying these measures to the National Survey of College Graduates, we find that majors that lead to jobs that are math-intensive or writing-intensive have higher earnings and
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Political systems, regime memory, and economic freedom Contemporary Economic Policy (IF 1.212) Pub Date : 2024-01-02 Peter Calcagno, Beatriz Maldonado, Todd Nesbit, Mary Frances Zeager
We expand on the economic research about regime types, culture, institutions, and economic freedom, with the development of a unique measure of regime memory and examine the generational effect of past regimes on a country's level of economic freedom. Using a panel of 144 countries between 1970 and 2015 we follow the literature and argue that institutions can be fast and slow-moving. We find evidence
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Do payday lending bans protect or constrain regional economies? Evidence from the Military Lending Act's final rule Contemporary Economic Policy (IF 1.212) Pub Date : 2023-12-30 Craig Wesley Carpenter, Kristopher Deming, John Anders, Michael Lotspeich-Yadao, Charles M. Tolbert, Adam Ingrao
The 2007 Military Lending Act attempted to ban high-interest loans to U.S. military members and the 2017 “Final Rule” further restricted access, causing regional shocks in payday lending exposure in counties with a military base. Difference-in-differences and dynamic estimators provide mixed evidence on the effect of this payday lending access shock on regional economic outcomes and local business
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Making the grade: The effect of teacher grading standards on student outcomes Contemporary Economic Policy (IF 1.212) Pub Date : 2023-12-30 Seth Gershenson, Stephen B. Holt, Adam Tyner
One mechanism by which teachers might affect student learning is through the grading standards they set for their classrooms. However, the effects of grading standards on student outcomes are understudied. Using administrative data that links individual students and teachers in Algebra I classrooms from 2006 to 2016, we examine the effects of teachers' grading standards on student learning and attendance
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Issue Information Contemporary Economic Policy (IF 1.212) Pub Date : 2023-12-16
No abstract is available for this article.
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Higher education: The impact of recreational marijuana on college applications Contemporary Economic Policy (IF 1.212) Pub Date : 2023-12-07 Christopher D. Blake, Danna Kang Thomas, Joshua Hess
Using a two-way fixed effects difference-in-differences model, we investigate the effects of local recreational marijuana (RMJ) policy changes on college applications and find that the three largest state public schools reaped, on average, an almost 54% increase in applications. This increase does not appear to come solely from low-ability students as both first and third quartiles of admitted student
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College applications and enrollment effects of the Common Application Contemporary Economic Policy (IF 1.212) Pub Date : 2023-11-20 Darren Page
This paper measures college applicants' response to the expansion of the Common Application, an online platform that reduces the time costs of additional applications to its member colleges. When a local college becomes a member institution, applicants are more likely to use the Common Application, submit more applications, send more ACT score reports, and are more likely to enroll in member colleges
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Gender differences in graduate student views on the professional climate in economics Contemporary Economic Policy (IF 1.212) Pub Date : 2023-11-07 Ann Mari May, Mary G. McGarvey, Muazzam Toshmatova
This research examines graduate student's views on the professional climate in economics using a comprehensive survey of students enrolled in economics Ph.D. programs in the United States. Topics discussed include stress and work/life balance, disciplinary climate in the profession, departmental climate, and the prevalence of sexual harassment. We find significant gender differences in views on all
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The effects of COVID-19 policies on consumer spending in Norway Contemporary Economic Policy (IF 1.212) Pub Date : 2023-10-13 Fenella Carpena, Laurens Swinkels, Dan Zhang
We examine the effect of COVID-19 policies on consumer spending using bankcard transactions from Norway. Exploiting variation in COVID-19 policies over time and across space in the four largest municipalities, we investigate the heterogeneity of policy effects in their number and type. First, we document that the number of restrictions is negatively correlated with spending and exhibits decreasing
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Does broadband affect local economic outcomes less than we thought? Micro evidence from Louisiana Contemporary Economic Policy (IF 1.212) Pub Date : 2023-10-12 Gary A. Wagner, Hyun Ji Lee
High-speed internet access is a core tenet of economic development strategies post-COVID. While expanding access is linked to many positive benefits, evidence associating broadband to job growth and business formation is more mixed. This study expands the literature along several dimensions, most notably exploring how business download speeds affect employment, business formation, and survival at a
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Alaska's ban on sentence bargaining Contemporary Economic Policy (IF 1.212) Pub Date : 2023-10-06 Bryan C. McCannon
Plea bargaining dominates the U.S. criminal justice system and has garnered calls to reduce its prevalence. In 2013 Alaska's Attorney General acted banning a practice known as sentencing bargaining where the prosecutor negotiates with the defense over the length of the incarceration. I provide the first causal identification of this policy's impact on the plea bargaining rate. I show that the policy
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Do Democracy Vouchers help democracy? Contemporary Economic Policy (IF 1.212) Pub Date : 2023-10-04 Sarah Papich
Seattle's Democracy Vouchers program provides a unique form of public financing for political campaigns in which voters decide how to allocate public funding across candidates. This paper is the first to study the effects of public financing for political campaigns on political participation. I estimate that the Democracy Vouchers program increases voter turnout by 4.9 percentage points, suggesting
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Issue Information Contemporary Economic Policy (IF 1.212) Pub Date : 2023-08-31
No abstract is available for this article.
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Do tax credits benefit charities? Evidence from two states Contemporary Economic Policy (IF 1.212) Pub Date : 2023-08-18 Anubhav Gupta, Thomas Luke Spreen
This paper considers the effect of state charitable giving tax credits on the contribution revenues of eligible charities. Using event studies paired with Form 990 data, we detect no significant change in contributions to qualified nonprofits after the elimination of a $100 per taxpayer credit by Michigan. By contrast, we find a significant increase in contributions to qualified charities following
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The impact of state Medicaid eligibility and benefits policy on neonatal abstinence syndrome hospitalizations Contemporary Economic Policy (IF 1.212) Pub Date : 2023-08-14 Aparna Soni, Lindsey Bullinger, Christina Andrews, Amanda Abraham, Kosali Simon
Rates of neonatal abstinence syndrome (NAS) resulting from opioid misuse are rising. However, policies to treat opioid misuse during pregnancy are unclear. We apply a difference-in-differences design to national pediatric discharge records to examine the effects of state Medicaid policies on NAS. Among states in which Medicaid covered two clinically-recommended medications for treating opioid misuse
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Leveling the playing field: The distributional impact of maximum- and minimum-level contracts on player compensation Contemporary Economic Policy (IF 1.212) Pub Date : 2023-07-31 Scott M. Kaplan
How does the presence of maximum- and minimum-level contract restrictions impact (i) superstar compensation and (ii) the distribution of compensation across an industry? Using ticket price and observed player talent data from the National Basketball Association (NBA), I estimate expected salaries for each player as well as their value to the NBA as a whole. I find the ratio of actual to expected salary
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Surgeons' response to reimbursement changes for alternative procedures: Evidence from spine fusion in the U.S. Contemporary Economic Policy (IF 1.212) Pub Date : 2023-07-27 Nicholas Benson, Jose Joaquin Lopez
Spinal fusion is the highest operating room expense in the U.S. and the performed procedure depends largely on surgeon preference. We use national claims data for 2010–2014 to study changes in the relative frequency of substitutable spinal fusion procedures, following a one-time cut in Medicare reimbursement fees that switched the ranking of the two procedures with the highest surgical fees. Relative
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Social security disability insurance and intergenerational economic mobility Contemporary Economic Policy (IF 1.212) Pub Date : 2023-07-19 Katie Jajtner, Matt Messel, Jason Fletcher
Economic opportunity in the United States is shaped by parental health and disability. We hypothesize that Disability Insurance (DI) may mitigate the observed pattern. Using linked survey and administrative data, we find children of work-limited parents have 4.1 percentiles less upward economic mobility and 4.3 percentiles more downward mobility relative to children of non-limited parents. Despite
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The macroeconomic impact of automation: Applications to elderly care Contemporary Economic Policy (IF 1.212) Pub Date : 2023-07-01 Chia-Hui Lu
When automation technology can both help a firm's production and be widely used in the provision of long-term care for the elderly, developments in automation can potentially help alleviate the situation of a declining birthrate in an aging society and increase production and household welfare. In addition, this paper obtains results consistent with the real-world situation in which population aging
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Issue Information Contemporary Economic Policy (IF 1.212) Pub Date : 2023-05-27
No abstract is available for this article.
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Methods in open policy analysis: An application to California's building energy codes Contemporary Economic Policy (IF 1.212) Pub Date : 2023-05-19 Matthew J. Holian
Have building energy codes lowered energy consumption, and have their benefits outweighed costs? Using 2000 Census data, I estimate household energy expenditures by decade of home construction, controlling for household and home characteristics. I find homes built in the 1980s used $35 less in electricity and $46 less in natural gas, per year, compared to 1970s era homes. For Sacramento, energy codes
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Pro-market institutions and labor market outcomes: A panel-data analysis of U.S. metropolitan areas Contemporary Economic Policy (IF 1.212) Pub Date : 2023-05-05 Imran Arif, John W. Dawson
We expand previous U.S. state-level research on the relationship between pro-market institutions and labor market outcomes by examining this relationship at the U.S. metropolitan-area level. Using panel data for 1992–2012 in a fixed-effects model, we investigate the effect of pro-market institutions on the unemployment rate, labor force participation rate, employment-population ratio, and employment
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How important are minimum wage increases in increasing the wages of minimum wage workers? Contemporary Economic Policy (IF 1.212) Pub Date : 2023-04-08 Jeffrey Clemens, Michael R. Strain
Popular discussion presumes minimum wage increases primarily drive wage gains for minimum wage workers. We investigate this presumption using the Current Population Survey to assess the fraction of minimum wage workers receiving raises after 12 months. This fraction is moderately higher following state minimum wage increases, and positively correlated with several measures of labor market tightness
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The effect of Prescription Drug Monitoring Programs on county-level opioid prescribing practices and spillovers Contemporary Economic Policy (IF 1.212) Pub Date : 2023-03-15 Shishir Shakya, Jane E. Ruseski
Most states now legally mandate providers to access the Prescription Drug Monitoring Program (PDMP) database before prescribing controlled substances like opioids. We exploit variation in the adoption of these “must access” mandates between 2010 and 2017 to evaluate their impact on prescribing behavior. We find that counties in “must access” PDMP states have 5.5 fewer retail opioid prescriptions per
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Earnings losses of displaced workers in times of crisis Contemporary Economic Policy (IF 1.212) Pub Date : 2023-03-10 Nune Hovhannisyan, Fabio Méndez
We utilize data from the 1979 National Longitudinal Survey of Youth and the Bureau of Labor Statistics to study how the earnings losses experienced by displaced workers vary in times of economic crisis. Relative to an economy that operates at full potential, our results show that a 1% increase in the real gross domestic product gap observed at the time of displacement is associated with an additional
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The community impact of school-shootings on stress-related emergency department visits Contemporary Economic Policy (IF 1.212) Pub Date : 2023-03-07 Kritee Gujral, Alice M. Ellyson, Ali Rowhani-Rahbar, Frederick Rivara
School-shootings can enormously impact U.S. gun policy, but very little is known about the community mental health impact of school-shootings. We used difference-in-differences and event study analyses to compare stress-related ED visits in zip-codes within 5 miles (exposed) and in zip-codes 10–15 miles from (control) school-shootings before and after school-shootings using data from California, 2005–2011
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Issue Information Contemporary Economic Policy (IF 1.212) Pub Date : 2023-02-21
No abstract is available for this article.
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Tax noncompliance: The role of tax morale in smokers' behavior Contemporary Economic Policy (IF 1.212) Pub Date : 2023-02-17 James E. Prieger
Measuring and predicting compliance with tax obligations is an important but challenging task. Survey data from California smokers show that several forms of tax avoidance and evasion were common. The analysis shows that 43% of smokers avoided taxes by purchasing cigarettes from out-of-state sources in the past year, 15% admitted to evading taxes through cross-border purchases, and 26% reported purchasing
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The nexus between corruption and academic freedom: An international investigation of the underlying linkages Contemporary Economic Policy (IF 1.212) Pub Date : 2023-02-06 Salvatore Capasso, Rajeev K. Goel, James W. Saunoris
Studying a relatively under-researched aspect in economics, this paper examines the nexus between corruption and academic freedom. Our main hypothesis is that greater corruption undermines academic freedom and we test this hypothesis using data for 104 nations from 2012 to 2018. Our results support the main hypothesis, and this finding also generally holds across alternative aspects of academic freedom
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Mass gatherings contributed to early COVID-19 mortality: Evidence from US sports Contemporary Economic Policy (IF 1.212) Pub Date : 2023-02-03 Alexander Ahammer, Martin Halla, Mario Lackner
Social distancing is important to slow the community spread of infectious disease, but it creates enormous economic and social cost. Thus, it is important to quantify the benefits of different measures. We study the ban of mass gatherings, an intervention with comparably low cost. We exploit exogenous variation in the number of National Basketball Association and National Hockey League games, which
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Issue Information Contemporary Economic Policy (IF 1.212) Pub Date : 2022-11-26
No abstract is available for this article.
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Welfare effects of automatic-IRAs Contemporary Economic Policy (IF 1.212) Pub Date : 2022-11-25 Erin Cottle Hunt
Several states require employers who do not offer retirement benefits to automatically enroll their employees in individual retirement accounts (IRAs). We quantify the welfare effects of this program for individuals who follow a rule-of-thumb to make savings decisions. We find workers who save more than 3% would be willing to give up 0%–1.4% of lifetime consumption to avoid an IRA. We also consider
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Immigration and economic freedom of the US states: Does the institutional quality of immigrants' origin countries matter? Contemporary Economic Policy (IF 1.212) Pub Date : 2022-11-21 Alexandre Padilla, Nicolás Cachanosky
When people immigrate to the United States from countries with less economic freedom, they do not dampen economic freedom in their destination states. We use the Economic Freedom of North America report to rate the economic freedom of US states, and we group immigrants by how far below the United States their origin countries score in the Economic Freedom of the World report. Our major findings hold
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Long COVID? Prospects for economic scarring from the pandemic Contemporary Economic Policy (IF 1.212) Pub Date : 2022-11-12 Philip Barrett, Sonali Das, Giacomo Magistretti, Evgenia Pugacheva, Philippe Wingender
This paper examines the potential persistent effects (scarring) of the COVID-19 pandemic on the economy and the channels through which they may occur. Our findings from a broad set of historical recessions confirm that recessions are associated with persistent output losses and that the greatest scarring has occurred following financial crises. The amount of scarring following pandemic and epidemic
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Examining SNAP and TANF caseload trends, responsiveness, and policies during the COVID-19 pandemic Contemporary Economic Policy (IF 1.212) Pub Date : 2022-11-08 Erik Hembre
Temporary Assistance for Needy Families (TANF) and Supplemental Nutrition Assistance Program (SNAP) cases increased by 3.3 million between March and June 2020, their largest quarterly increase ever. During the pandemic, many states adopted a wide set of policies and procedures to facilitate program enrollment, retention, and eligibility. I track these policies and create a pandemic policy index measuring
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Support for bigger government: The principle-implementation gap and COVID-19 Contemporary Economic Policy (IF 1.212) Pub Date : 2022-10-19 Sandra H. Goff, John Ifcher, Homa Zarghamee, Alex Reents, Patrick Wade
We study the COVID-19 pandemic's effect on government and market attitudes using within-subject comparisons of survey responses elicited before and after the onset of the pandemic. We find that participants develop significantly less favorable opinions toward government and markets; and that participants increase support for bigger government significantly and for redistribution, in general, marginally
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Legal access to alcohol and automobile accidents: Potential interactive effects of alcohol and drug consumption Contemporary Economic Policy (IF 1.212) Pub Date : 2022-10-13 Briggs Depew, Jacob Meyer
The combination of drugged and drunk driving is an important policy topic as some states and countries have liberalized prohibitions on substance use to varying degrees. In this study, we analyze the effect of legal access to alcohol on suspected drug impaired accidents. We find that accidents with suspected drug impairment significantly increase when a driver gains legal access to alcohol at age 21
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Does paid family leave save infant lives? Evidence from California's paid family leave program Contemporary Economic Policy (IF 1.212) Pub Date : 2022-10-05 Feng Chen
Paid family leave (PFL) aims to help working parents balance their careers and family responsibilities while also improving the well-being of infants. Using linked U.S. birth and infant death data with a difference-in-differences framework, I find that a 6-week PFL in California reduced the post-neonatal mortality rate by 0.135- that is, it saved approximately 339 infant lives. There were fewer deaths
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What do fiscal stimulus packages mean for household debt? Contemporary Economic Policy (IF 1.212) Pub Date : 2022-09-21 María Pía Olivero, Mikheil Dvalishvili
We study the links between fiscal stimulus packages during times of crisis and households' liabilities. We do so by using household-level data on income and liabilities from the Consumer Expenditure Survey, and estimating an empirical model along those in the literature on the consumption effects of these packages. We find that receiving a check from the government tends to translate into a reduction
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Are historic districts a backdoor for segregation? Yes and no Contemporary Economic Policy (IF 1.212) Pub Date : 2022-09-15 Jamie Bologna Pavlik, Yang Zhou
We study how historic district programs impact residential segregation in Denver. We find that homebuyers are more likely to be White within historic districts, but official historic designation has no effect on this probability. More specifically, we calculate that the predicted probability of having a White homebuyer increases from 77 to over 80 percent when the home is located within a historic
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Effects of social distancing policy on labor market outcomes Contemporary Economic Policy (IF 1.212) Pub Date : 2022-09-11 Sumedha Gupta, Laura Montenovo, Thuy Nguyen, Felipe Lozano-Rojas, Ian Schmutte, Kosali Simon, Bruce A. Weinberg, Coady Wing
US workers receive unemployment benefits if they lose their job, but not for reduced working hours. In alignment with the benefits incentives, we find that the labor market responded to COVID-19 and related closure-policies mostly on the extensive (12 pp outright job loss) margin. Exploiting timing variation in state closure-policies, difference-in-differences (DiD) estimates show, between March 12
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Must-access prescription drug monitoring programs and retail opioid sales Contemporary Economic Policy (IF 1.212) Pub Date : 2022-09-07 Shishir Shakya, Collin Hodges
This paper examines the effect of prescription drug monitoring programs (PDMPs) on the retail sales of eight commonly prescribed opioids in the United States. Specifically, we exploit variation in state-level policies to identify states with “must-access” versus voluntary PDMPs. Our results suggest that must-access PDMP implementation does not uniformly reduce prescription retail opioid sales. We also
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Issue Information Contemporary Economic Policy (IF 1.212) Pub Date : 2022-09-03
No abstract is available for this article.
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Accounting for the decline in homeownership among the young Contemporary Economic Policy (IF 1.212) Pub Date : 2022-08-21 Yuxi Yao
This paper documents that the drop in young homeownership is more persistent among non-college graduates compared to college graduates: while some college graduates postpone home purchasing, non-college graduates are likely to remain long-term renters. I develop a model showing that the combination of rising college share and a widening education-driven income gap accounts for the delayed purchasing
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What is the future of water quality trading? Contemporary Economic Policy (IF 1.212) Pub Date : 2022-08-17 Haiyan Liu, Roy Brouwer
A comprehensive review of experiences with water quality trading (WQT) programs worldwide is presented, spanning altogether more than 4 decades. A new WQT database is built, extracting data and information from existing review papers, complemented with gray and published literature about individual trading programs. Key aspects that affect trading volumes and program continuation are identified and
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Effects of psychological pressure on first-mover advantage in competitive environments: Evidence from penalty shootouts Contemporary Economic Policy (IF 1.212) Pub Date : 2022-08-16 Ricardo Manuel Santos
In this paper, we aim to determine the importance of psychological pressure on performance in sequential tournaments. We make use of penalty shootouts in soccer and test the presence of first-mover advantage. Shootouts in soccer is a formidable framework because it is a natural experiment where teams compete in a sequence whose order is determined by the random outcome of a coin toss. Using data from
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Competition and health-care spending: Theory and application to Certificate of Need laws Contemporary Economic Policy (IF 1.212) Pub Date : 2022-08-12 James Bailey, Tom Hamami
Hospitals and other health-care providers in 34 states must obtain a Certificate of Need (CON) from a state board before opening or expanding, leading to reduced competition. We develop a theoretical model of how market concentration affects health-care spending. Our theoretical model shows that increases in concentration, such as those brought about by CON, can either increase or decrease spending
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Is there wealth stability across generations in the U.S.? Evidence from panel study, 1984–2017 Contemporary Economic Policy (IF 1.212) Pub Date : 2022-07-20 Jermaine Toney
The net wealth accumulation of grandparents appears to be strongly determinative of the net wealth holdings of their adult grandchildren. While these general features are understood, few details are known about the persistence of wealth components that determine overall portfolio outcomes and their variance. I find that grandparental linkages in household portfolio components (risky assets, safe assets
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Monthly income volatility and health outcomes Contemporary Economic Policy (IF 1.212) Pub Date : 2022-07-11 Neil Bania, Laura Leete
A growing literature shows that income volatility has negative effects on household well-being. Using the Survey of Income and Program Participation, we use temporal ordering to investigate the relationship between monthly household income volatility and the subsequent change in self-reported health status of the household head. For liquidity constrained households, a one standard deviation increase
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The interplay of financial education, financial inclusion and financial stability and the role of Big Tech Contemporary Economic Policy (IF 1.212) Pub Date : 2022-07-07 Nicole Jonker, Anneke Kosse
The entry of Big Techs in the financial ecosystem might affect financial stability, among others through the opportunities and challenges they create for financial inclusion. We survey the literature to determine the effectiveness of financial education in improving financial literacy and inclusion and assess the impact of financial inclusion on financial stability. We argue for new research to determine
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Subjective equivalence scales in Eastern versus Western European countries Contemporary Economic Policy (IF 1.212) Pub Date : 2022-06-30 Martina Mysíková, Tomáš Želinský, Thesia I. Garner, Kamila Fialová
We show that economies of scale estimated individually for each EU country differ from the officially adopted OECD-modified scale; the differences across the countries further confirm the prevailing East-West disparity. Using the minimum income question in the 2019 EU-Statistics on Income and Living Conditions survey, we demonstrate that applying the estimated country-specific subjective equivalence
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On price stability with a job guarantee Contemporary Economic Policy (IF 1.212) Pub Date : 2022-05-23 Jackson Mejia, Brian C. Albrecht
Modern Money Theory (MMT) has risen to prominence in popular policy debates within macroeconomics. MMT economists argue for creating a job guarantee program, which they argue would generate price stability. Using a benchmark model of time consistency supplemented with a job guarantee, we conclude that once policymakers' incentives are considered, the job guarantee does nothing to help stabilize prices