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The Pass-Through of Retail Crime

By Carl Hase and Johannes Kasinger

American Economic Journal: Economic Policy

This paper shows that retailers increase prices in response to organized retail crime. We match store-level crime data to scanner data from the universe of transactions for cannabis retailers in Washington state. Using quasi-experimental variation from...

The Option Value of Municipal Liquidity

By Andrew Haughwout, Benjamin Hyman, and Or Shachar

American Economic Journal: Economic Policy

States and localities are relied upon to implement macroeconomic stabilization policies and ensure service delivery in times of crisis. In April 2020, the introduction of the Municipal Liquidity Facility (MLF) added an emergency lending instrument to th...

Can You Erase the Mark of a Criminal Record? Labor Market Impacts of Criminal Record Remediation

By Amanda Agan, Andrew Garin, Dmitri Koustas, Alexandre Mas, and Crystal S. Yang

American Economic Journal: Economic Policy

We investigate whether removing a previously-obtained criminal record improves employment outcomes. We estimate the causal impact of criminal record remediation laws that have been widely enacted with the goal of improving employment opportunities for ...