Showing 1 - 8 of 8
the form of residential sorting, can lead to non-random assignment of pollution, economists have employed a wide range of … quasi-experimental techniques to develop causal estimates of the effect of pollution. Second, economic research has placed a … biological and behavioral effects of pollution and for proper welfare calculations. Lastly, economic research has expanded the …
Persistent link: https://www.econbiz.de/10013083807
of evidence links pollution with poor health, and health is an important part of human capital, efforts to reduce … pollution could plausibly be viewed as an investment in human capital and thus a tool for promoting economic growth. While a … handful of studies have documented the impacts of pollution on labor supply, this paper is the first to rigorously assess the …
Persistent link: https://www.econbiz.de/10013068130
We investigate the effect of pollution on worker productivity in the service sector by focusing on two call centers in … China. Using precise measures of each worker's daily output linked to daily measures of pollution and meteorology, we find … that higher levels of air pollution decrease worker productivity by reducing the number of calls that workers complete each …
Persistent link: https://www.econbiz.de/10012989130
In this paper, we investigate the dynamics of informational regulatory approaches by analyzing the impact of smog alerts issued on consecutive days on discretionary outdoor activities in Southern California. Short-run adjustments to transitory risk entail costs that are likely to influence the...
Persistent link: https://www.econbiz.de/10012751334
A pervasive problem in the literature on the health costs of pollution is that optimizing individuals may compensate … for increases in pollution by reducing their exposure to protect their health. This implies that estimates of the health … effects of pollution may vastly understate the full welfare effects of pollution, particularly for individuals most at risk …
Persistent link: https://www.econbiz.de/10013231226
In this paper, we examine the impact of poor water quality on avoidance behavior by estimating the change in bottled water purchases in response to drinking water violations. Using data from a national grocery chain matched with water quality violations, we find an increase in bottled water...
Persistent link: https://www.econbiz.de/10013093964
We outline a dividend signaling approach in which rational managers signal firm strength to investors who are loss averse to reductions in dividends relative to the reference point set by prior dividends. Managers with strong but unobservable cash earnings separate themselves by paying high...
Persistent link: https://www.econbiz.de/10013103531
The use of judgmental anchors or reference points in valuing corporations affects several basic aspects of merger and acquisition activity including offer prices, deal success, market reaction, and merger waves. Offer prices are biased towards the 52-week high, a highly salient but largely...
Persistent link: https://www.econbiz.de/10013149991