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Improving Willingness-to-Pay Elicitation by Including a Benchmark Good

Dizon-Ross, Rebecca; Jayachandran, Seema - National Bureau of Economic Research - 2022

We propose and validate a simple way to augment the standard Becker-DeGroot-Marschak method that researchers use to elicit willingness to pay (WTP) for a good. The augmentation is to measure WTP for another good ("benchmark good"), one unrelated to both the good the researcher is interested in...

Persistent link: https://www.econbiz.de/10013172114

International Data on Educational Attainment Updates and Implications

Barro, Robert J. - 2000

provide projections for 2000. We discuss the estimation method for the measures of educational attainment and relate our …

Persistent link: https://www.econbiz.de/10012470826

Does Inflation Targeting Increase Output Volatility? An International Comparison of Policymakers' Preferences and Outcomes

Cecchetti, Stephen G. - 1999

Aggregate shocks that move output and inflation in opposite directions create a tradeoff between output and inflation variability, forcing central bankers to make a choice. Differences in the degree of accommodation of shocks lead to disparate variability outcomes, revealing national central...

Persistent link: https://www.econbiz.de/10012471355

Work Environment and Individual Background : Explaining Regional Shirking Differentials in a Large Italian Firm

Ichino, Andrea - 1999

The prevalence of shirking within a large Italian bank appears to be characterized by significant regional differentials. In particular, absenteeism and misconduct episodes are substantially more prevalent in the south. We consider a number of potential explanations for this fact: different...

Persistent link: https://www.econbiz.de/10012471366

Technology, Factor Supplies and International Specialization : Estimating the Neoclassical Model

Harrigan, James - 1996

The standard neoclassical model of trade theory predicts that international specialization will be jointly determined by cross-country differences in relative factor endowments and relative technology levels. This paper uses duality theory combined with a flexible functional form to specify an...

Persistent link: https://www.econbiz.de/10012473116

Gains from Trade : Does Sectoral Heterogeneity Matter?

Giri, Rahul - 2020

This paper assesses the quantitative importance of including sectoral heterogeneity in computing the gains from trade. Our framework draws from Caliendo and Parro (2015) and has sectoral heterogeneity along five dimensions, including the elasticity of trade to trade costs. We estimate the...

Persistent link: https://www.econbiz.de/10012479265

A Unified Welfare Analysis of Government Policies

Hendren, Nathaniel - 2019

suggest that direct investments in low-income children's health and education have historically had the highest MVPFs, on … amongst children of all ages, rather than observing diminishing marginal returns throughout childhood. We find smaller MVPFs … particular if they induced large spillovers on children. We relate our estimates to existing theories of optimal government …

Persistent link: https://www.econbiz.de/10012480090

Policy Implications of Models of the Spread of Coronavirus : Perspectives and Opportunities for Economists

Avery, Christopher - 2020

This paper provides a critical review of models of the spread of the coronavirus (SARS-CoV-2) epidemic that have been influential in recent policy decisions. There is tremendous opportunity for social scientists to advance the relevant literature as new and better data becomes available to...

Persistent link: https://www.econbiz.de/10012481964

Check in the Mail or More in the Paycheck : Does the Effectiveness of Fiscal Stimulus Depend on How It Is Delivered?

Sahm, Claudia R. - 2010

Recent fiscal policies, including the 2008 stimulus payments and the 2009 Making Work Pay tax credit, aimed to increase household spending. This paper quantifies the spending response to these policies and examines differences in spending by whether the stimulus was delivered as a one-time...

Persistent link: https://www.econbiz.de/10012462409

Inappropriate Pooling of Wealthy and Poor Countries in Empirical FDI Studies

Blonigen, Bruce A. - 2004

This paper examines the question of whether less-developed countries' (LDCs') experiences with foreign direct investment (FDI) systematically different from those of developed countries (DCs). We do this by examining three types of empirical FDI studies that typically do not distinguish between...

Persistent link: https://www.econbiz.de/10012468315