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The Control of Politicians in Normal Times and Times of Crisis : Wealth Accumulation by U.S. Congressmen, 1850-1880
Querubin, Pablo - 2011
We employ a regression discontinuity design based on close elections to estimate the rents from a seat in the U.S. congress between 1850-1880. Using census data, we compare wealth accumulation among those who won or lost their first race by a small margin. We find evidence of significant returns...
Persistent link: https://www.econbiz.de/10012461023
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Seigniorage and Political Instability
Cukierman, Alex - 1989
The importance of seignorage relative to other sources of government revenue differs markedly across countries. The main theoretical implication of this paper is that countries with more unstable and polarized political systems rely more heavily on seignorage. This result is obtained within the...
Persistent link: https://www.econbiz.de/10012475838
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Are Political and Charitable Giving Substitutes? Evidence from the United States
Petrova, Maria - 2020
We provide evidence that individuals substitute between political contributions and charitable contributions, using micro data from the American Red Cross and Federal Election Commission. First, we find that foreign natural disasters, which are positive shocks to charitable giving, crowd out...
Persistent link: https://www.econbiz.de/10012479140
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Policy Diffusion and Polarization across U.S. States
Della Vigna, Stefano; Kim, Woojin - National Bureau of Economic Research - 2022
Economists have studied the impact of numerous state laws, from welfare rules to voting ID requirements. Yet for all this policy evaluation, what do we know about policy diffusion--how these policies spread from state to state? We present a series of facts based on a data set of over 700 U.S....
Persistent link: https://www.econbiz.de/10013334361
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PLUS or Minus? : The Effect of Graduate School Loans on Access, Attainment, and Prices
Black, Sandra E.; Turner, Lesley J.; Denning, Jeffrey T. - National Bureau of Economic Research - 2023
In 2006, the federal government effectively uncapped student borrowing for graduate programs with the introduction of the Graduate PLUS loan program. Access to additional federal loans increased graduate students' borrowing and shifted the composition of their loans from private to federal debt....
Persistent link: https://www.econbiz.de/10014287392
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The Politicization of Social Responsibility
Gormley, Todd A.; Jha, Manish; Wang, Meng - National Bureau of Economic Research - 2024
Institutional investors are less likely to support shareholder proposals involving environmental and social issues for firms headquartered in Republican-led states. The lower support concentrates in recent years, when politicians became more vocal about firms' social responsibility activities,...
Persistent link: https://www.econbiz.de/10015056196
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Inflation : causes and effects
Hall, Robert Ernest (ed.) - 1982
Persistent link: https://www.econbiz.de/10000074116
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The Coming Rise in Residential Inflation
Bolhuis, Marijn A.; Cramer, Judd N. L.; Summers, … - National Bureau of Economic Research - 2022
We study how the recent run-up in housing and rental prices affects the outlook for inflation in the United States …. Housing held down overall inflation in 2021. Despite record growth in private market-based measures of home prices and rents …, government measured residential services inflation was only four percent for the twelve months ending in January 2022. After …
Persistent link: https://www.econbiz.de/10012938764
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Inflation, Interest, and the Secular Rise in Wealth Inequality in the U.S : Is the Fed Responsible?
Wolff, Edward N. - National Bureau of Economic Research - 2021
in inflation. Coincident with these trends has been a surge in U.S. wealth inequality, with the Gini coefficient up by 0 …, this paper differs from previous work by focusing on only the direct effects of interest rate changes and inflation on the …
Persistent link: https://www.econbiz.de/10012660070
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What Can Stockouts Tell Us About Inflation? Evidence from Online Micro Data
Cavallo, Alberto; Kryvtsov, Oleksiy - National Bureau of Economic Research - 2021
We use a detailed micro dataset on product availability to construct a direct high-frequency measure of consumer product shortages during the 2020-2021 pandemic. We document a widespread multi-fold rise in shortages in nearly all sectors early in the pandemic. Over time, the composition of...
Persistent link: https://www.econbiz.de/10012629429