Narrow search
Showing 1 - 10 of 258
Cover Image
The Welfare Impact of Indirect Pigouvian Taxation: Evidence from Transportation
Knittel, Christopher R.; Sandler, Ryan - National Bureau of Economic Research (NBER) - 2013
A basic tenet of economics posits that when consumers or firms don't face the true social cost of their actions, market outcomes are inefficient. In the case of negative externalities, Pigouvian taxes are one way to correct this market failure, where the optimal tax leads agents to internalize...
Persistent link: https://www.econbiz.de/10010951204
Cover Image
Every Breath You Take - Every Dollar You'll Make: The Long-Term Consequences of the Clean Air Act of 1970
Isen, Adam; Rossin-Slater, Maya; Walker, W. Reed - National Bureau of Economic Research (NBER) - 2014
This paper examines the long-term impacts of in-utero and early childhood exposure to ambient air pollution on adult … use the sharp changes in ambient air pollution concentrations driven by the implementation of the 1970 Clean Air Act …
Persistent link: https://www.econbiz.de/10010951447
Cover Image
Climate Change, Mortality, and Adaptation: Evidence from Annual Fluctuations in Weather in the US
Deschenes, Olivier; Greenstone, Michael - National Bureau of Economic Research (NBER) - 2007
This paper produces the first large-scale estimates of the US health related welfare costs due to climate change. Using the presumably random year-to-year variation in temperature and two state of the art climate models, the analysis suggests that under a "business as usual" scenario climate...
Persistent link: https://www.econbiz.de/10005720107
Cover Image
Mortgage Default, Foreclosure, and Bankruptcy
Li, Wenli; White, Michelle J. - National Bureau of Economic Research (NBER) - 2009
In this paper we examine the relationship between homeowners' bankruptcy decisions and their mortgage default decisions and the relationship between homeowners' bankruptcy decisions and lenders' decisions to foreclose. In theory, both relationships could be either substitutes or complements....
Persistent link: https://www.econbiz.de/10008634680
Cover Image
Systemic Risk and the Refinancing Ratchet Effect
Lo, Andrew W.; merton, robert c.; Khandani, Amir E. - National Bureau of Economic Research (NBER) - 2009
The confluence of three trends in the U.S. residential housing market---rising home prices, declining interest rates, and near-frictionless refinancing opportunities---led to vastly increased systemic risk in the financial system. Individually, each of these trends is benign, but when they occur...
Persistent link: https://www.econbiz.de/10005089229
Cover Image
Driving to Opportunity: Local Rents, Wages, Commuting Costs and Sub-Metropolitan Quality of Life
Albouy, David; Lue, Bert - National Bureau of Economic Research (NBER) - 2014
We examine variation in local wage levels, housing costs, and commuting costs for 2071 areas covering the United States within and across metropolitan areas. In an equilibrium model of residential and workplace choice, we use these measures to construct a willingness-to-pay index for a typical...
Persistent link: https://www.econbiz.de/10011196765
Cover Image
The Long-term Effects of Early Lead Exposure: Evidence from a case of Environmental Negligence
Rau, Tomás; Reyes, Loreto; Urzúa, Sergio S. - National Bureau of Economic Research (NBER) - 2013
This paper estimates the effect of early lead exposure on academic achievement and adult earnings. We analyze longitudinal information from individuals attending primary and secondary schools in the city of Arica (in northern Chile). Between 1984 and 1989, Arica received more than 20,000 tons of...
Persistent link: https://www.econbiz.de/10010969226
Cover Image
Up in Smoke: The Influence of Household Behavior on the Long-Run Impact of Improved Cooking Stoves
Duflo, Esther; Greenstone, Michael; Hanna, Rema - National Bureau of Economic Research (NBER) - 2012
It is conventional wisdom that it is possible to reduce exposure to indoor air pollution, improve health outcomes, and …), on the benefits of a commonly used improved stove that laboratory tests showed to reduce indoor air pollution and require …
Persistent link: https://www.econbiz.de/10011271429
Cover Image
Does Hazardous Waste Matter? Evidence from the Housing Market and the Superfund Program
Greenstone, Michael; Gallagher, Justin - National Bureau of Economic Research (NBER) - 2005
Approximately $30 billion (2000$) has been spent on Superfund clean-ups of hazardous waste sites, and remediation efforts are incomplete at roughly half of the 1,500 Superfund sites. This study estimates the effect of Superfund clean-ups on local housing price appreciation. We compare housing...
Persistent link: https://www.econbiz.de/10005084814
Cover Image
Caution, Drivers! Children Present: Traffic, Pollution, and Infant Health
Knittel, Christopher R.; Miller, Douglas Lee; Sanders, … - National Bureau of Economic Research (NBER) - 2011
air pollution levels, and (2) what is the impact of modern air pollution levels on infant health? Our setting is … suggest that ambient pollution levels, specifically particulate matter, still have large impacts on weekly infant mortality … rates. Our results also illustrate the importance of weather controls in measuring pollution's impact on infant mortality. …
Persistent link: https://www.econbiz.de/10009226931