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New Estimates of the Value of a Statistical Life Using Air Bag Regulations as a Quasi-experiment

By Chris Rohlfs, Ryan Sullivan, and Thomas Kniesner

American Economic Journal: Economic Policy, February 2015

Due to federal regulations, automobile air bag availability was a model-specific discontinuous function of model year for used vehicles in the 1990s and early 2000s. We use the discontinuities and the gradual increase in the supply of air bags to trace ou...

Tax Changes and Asset Pricing

By Clemens Sialm

American Economic Review, September 2009

The tax burden on equity securities has varied substantially over time and remains a source of continuing policy debate. This paper investigates whether investors were compensated for the tax burden of equity securities over the period between 1913 and...

The Next Generation of the Penn World Table

By Robert C. Feenstra, Robert Inklaar, and Marcel P. Timmer

American Economic Review, October 2015

We describe the theory and practice of real GDP comparisons across countries and over time. Version 8 of the Penn World Table expands on previous versions in three respects. First, in addition to comparisons of living standards using components of real GD...

Trade Liberalization and Gender Inequality

By Chinhui Juhn, Gergely Ujhelyi, and Carolina Villegas-Sanchez

American Economic Review, May 2013

We consider a model where firms differ in their productivity and workers are differentiated by skill and gender. A reduction in tariffs induces more productive firms to modernize their technology and enter the export market. New technologies involve compu...