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Place-based policies commonly target underperforming areas, such as deteriorating downtown business districts and disadvantaged regions. Principal examples include enterprise zones, European Union Structural Funds, and industrial cluster policies. Place-based policies are rationalized by various...
Persistent link: https://www.econbiz.de/10012458615
We evaluate the effects of one of a new generation of economic development programs, the California Competes Tax Credit (CCTC), on local job creation. Incorporating perceived best practices from previous initiatives, the CCTC combines explicit eligibility thresholds with some discretion on the...
Persistent link: https://www.econbiz.de/10012496148
We study the long run effects of one of the most ambitious regional development programs in U.S. history: the Tennessee Valley Authority (TVA). Using as controls authorities that were proposed but never approved by Congress, we find that the TVA led to large gains in agricultural employment that...
Persistent link: https://www.econbiz.de/10012459368
The hypothesis that minimum wages tend to discourage on the job training is largely supported by our empirical analysis. Direct effects on reported job training and corollary effects on wage growth as estimated in microdata of the National Longitudinal Samples (NLS) and Michigan Income Dynamics...
Persistent link: https://www.econbiz.de/10012478704
In this paper, we exploit new data to assess gender differences in pre-labor market specialization among the college educated and highlight how those differences have evolved over time. We highlight new results pertaining to gender differences in the mapping between undergraduate major and...
Persistent link: https://www.econbiz.de/10012480292
We use 1940 Census data to study the intergenerational transmission of human capital for children born in the 1920s and educated during an era of expanding but unequally distributed public school resources. Looking at the gains in educational attainment between parents and children, we document...
Persistent link: https://www.econbiz.de/10012480653
This paper evaluates the long-run effects of Head Start using large-scale, restricted 2000-2018 Census-ACS data linked to the SSA's Numident file, which contains exact date and county of birth. Using the county rollout of Head Start between 1965 and 1980 and age-eligibility cutoffs for school...
Persistent link: https://www.econbiz.de/10012482487
The China (Shanghai) Pilot Free Trade Zone (SPFTZ) founded one year ago is a trial for China's new round of reform and … also make a preliminary assessment of the SPFTZ's initial impacts, especially of its impact on China's capital account … replicated in China will give rise to a more balanced Chinese economy in the following decade …
Persistent link: https://www.econbiz.de/10012457742
In this paper we present evidence as to the effects of the China (Shanghai) Pilot Free Trade Zone (SPFTZ) on China … and capital account liberalization into China's macro policy mix. We employ three methods to test the SPFTZ's impact on … causalities among China's money supply and the foreign interest rates. All these tests give consistent results suggesting that the …
Persistent link: https://www.econbiz.de/10012457765
We created experimental variation across local markets in China in the share of firms having access to a new loan …
Persistent link: https://www.econbiz.de/10013172113