Call for Papers for 4th IWH-FIN-FIRE Workshop on "Challenges to Financial Stability"

[News]

January 26, 2018

Workshop to be held on August 20th and 21st, 2018 in Halle (Saale)

The Welfare Cost of Perceived Policy Uncertainty: Evidence from Social Security

By Erzo F. P. Luttmer and Andrew A. Samwick

American Economic Review, February 2018

Policy uncertainty reduces individual welfare when individuals have limited opportunities to mitigate or insure against the resulting consumption fluctuations. We field an original survey to measure the degree of perceived policy uncertainty in Social Sec...

Export Destinations and Input Prices

By Paulo Bastos, Joana Silva, and Eric Verhoogen

American Economic Review, February 2018

This paper examines the relationship between the destination of exports and the input prices paid by firms, using detailed customs and firm-product-level data from Portugal. Both ordinary least squares regressions and an instrumental-variable strategy usi...

Do Higher Corporate Taxes Reduce Wages? Micro Evidence from Germany

By Clemens Fuest, Andreas Peichl, and Sebastian Siegloch

American Economic Review, February 2018

This paper estimates the incidence of corporate taxes on wages using a 20-year panel of German municipalities exploiting 6,800 tax changes for identification. Using event study designs and difference-in-differences models, we find that workers bear about ...

Lying Aversion and the Size of the Lie

By Uri Gneezy, Agne Kajackaite, and Joel Sobel

American Economic Review, February 2018

This paper studies lying. An agent randomly picks a number from a known distribution. She can then report any number and receive a monetary payoff based only on her report. The paper presents a model of lying costs that generates hypotheses regarding beha...

AEASTAT: 2018 Annual Meeting

[Page]

Sessions for AEA Committee on Economic Statistics, 2018 ASSA meetings

Free to Choose: Can School Choice Reduce Student Achievement?

By Atila Abdulkadiroğlu, Parag A. Pathak, and Christopher R. Walters

American Economic Journal: Applied Economics, January 2018

A central argument for school choice is that parents can choose schools wisely. This principle may underlie why lottery-based school evaluations have almost always reported positive or zero achievement effects. This paper reports on a striking counterexam...

When winning the lottery means you lose

[Page]

Can school voucher programs reduce student achievement?

AEA Member Announcements: Call for Papers and Other Announcements (January 29, 2018)

[News]

January 26, 2018

View member announcements from January 29, 2018

Revealed Preference with Limited Consideration

By Thomas Demuynck and Christian Seel

American Economic Journal: Microeconomics, February 2018

We derive revealed preference tests for models where individuals use consideration sets to simplify their consumption problem. Our basic test provides necessary and sufficient conditions for consistency of observed choices with the existence of considerat...

How Transparency Kills Information Aggregation: Theory and Experiment

By Sebastian Fehrler and Niall Hughes

American Economic Journal: Microeconomics, February 2018

We investigate the potential of transparency to influence committee decision-making. We present a model in which career concerned committee members receive private information of different type-dependent accuracy, deliberate, and vote. We study three leve...

Honest Equilibria in Reputation Games: The Role of Time Preferences

By Melis Kartal

American Economic Journal: Microeconomics, February 2018

New relationships are often plagued with uncertainty because one of the players has some private information about her "type." The reputation literature has shown that equilibria that reveal this private information typically involve breach of trust and c...

Federal Statistical System

[Page]

System overview, Statistical agency budget requests and appropriations, Data advocacy organizations

Education in the developing world, media political bias, and women in the labor force

[News]

January 19, 2018

Reading recommendations from Timothy Taylor, managing editor of the Journal of Economic Perspectives

Under the Radar: The Effects of Monitoring Firms on Tax Compliance

By Miguel Almunia and David Lopez-Rodriguez

American Economic Journal: Economic Policy, February 2018

This paper analyzes the effects of size-dependent tax enforcement on firms' tax compliance. We exploit quasi-experimental variation generated by a Large Taxpayers Unit (LTU) in Spain, which monitors firms with more than €6 million in reported revenue. F...

The Consequences of Health Care Privatization: Evidence from Medicare Advantage Exits

By Mark Duggan, Jonathan Gruber, and Boris Vabson

American Economic Journal: Economic Policy, February 2018

There is considerable controversy over the use of private insurers to deliver public health insurance benefits. We investigate the consequences of patients enrolling in Medicare Advantage (MA), privately managed care organizations that compete with the tr...

Identifying the Harm of Manipulable School-Choice Mechanisms

By Umut Dur, Robert G. Hammond, and Thayer Morrill

American Economic Journal: Economic Policy, February 2018

An important but under-explored issue in student assignment procedures is heterogeneity in the level of strategic sophistication among students. Our work provides the first direct measure of which students rank schools following their true preference orde...

The New York Times writes about the gender imbalance in economics

[News]

February 02, 2018

Justin Wolfers cites CSWEP report in column about the plateauing of women entering the field.

Macroeconomic Effects of Financial Shocks

By Urban Jermann and Vincenzo Quadrini

American Economic Review, February 2012

We document the cyclical properties of US firms' financial flows and show that equity payout is procyclical and debt payout is countercyclical. We then develop a model with debt and equity financing to explore how the dynamics of real and financial variab...

Moving up in the world

[Page]

New research explains the link between redistributive preferences and perceptions of social mobility.