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Persistent link: https://www.econbiz.de/10009355390
Disability insurance take-up has expanded substantially in the past twenty years in the United States while shrinking in Canada. We empirically assess these trends by measuring the strength of the 'push' from weak labor markets versus the 'pull' of more generous benefits. Using an instrumental...
Persistent link: https://www.econbiz.de/10012455276
Persistent link: https://www.econbiz.de/10013481067
This paper utilizes a unique new dataset of credit card accounts to analyze how people respond to changes in credit supply. The data consist of a panel of thousands of individual credit card accounts from several different card issuers, with associated credit bureau data. We estimate both...
Persistent link: https://www.econbiz.de/10012470410
In a typical bank credit card transaction, the merchant's bank pays an interchange fee, collectively determined by all participating banks, to the cardholder's bank. This paper shows how the interchange fee balances charges between cardholders and merchants under imperfect competition. The...
Persistent link: https://www.econbiz.de/10012470468
We propose a new approach to studying the pass-through of credit expansion policies that focuses on frictions, such as asymmetric information, that arise in the interaction between banks and borrowers. We decompose the effect of changes in banks' cost of funds on aggregate borrowing into the...
Persistent link: https://www.econbiz.de/10012457102
Inthis paper, the relationship between unemployment and property crime is investigated in the context of dynamic system … robbery, which is the most serious property crime. Unemployment by race (white, black, and Hispanic) also supports the above … finding. In general, the linkage between unemployment rate and property crime seems to become stronger as the degree of …
Persistent link: https://www.econbiz.de/10012477841
Does the death penalty save lives? A surge of recent interest in this question has yielded a series of papers purporting to show robust and precise estimates of a substantial deterrent effect of capital punishment. We assess the various approaches that have been used in this literature, testing...
Persistent link: https://www.econbiz.de/10012466689
This paper develops a model of crime in which human capital increases the opportunity cost of crime from foregone work … street (unskilled) crimes. White collar crimes decline less (or increase) with age and education. Predictions for age-crime … and education-crime relationships receive broad empirical support in self-report data from the National Longitudinal …
Persistent link: https://www.econbiz.de/10012468215
We present a simple model of the effects of hate crime legislation. It shows that even if the direct harm to victims of … hate crime is the same as for other crimes, because of other differences in the effects it may still be optimal to exert … more law-enforcement effort to deter or prevent hate crime. These differences also have previously unrecognized effects on …
Persistent link: https://www.econbiz.de/10012468230