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Efficiency in Wholesale Electricity Markets : On the Role of Externalities and Subsidies

Bialek, Sylwia; Unel, Burcin - 2021

-best outcomes. We also show there exists a range of subsidy rates that are welfare-enhancing when greenhouse gas externalities are …

Persistent link: https://www.econbiz.de/10013234520

The Cost of the COVID-19 Crisis : Lockdowns, Macroeconomic Expectations, and Consumer Spending

Coibion, Olivier - 2020

We study how the differential timing of local lockdowns due to COVID-19 causally affects households' spending and macroeconomic expectations at the local level using several waves of a customized survey with more than 10,000 respondents. About 50% of survey participants report income and wealth...

Persistent link: https://www.econbiz.de/10012833731

Regulating Untaxable Externalities : Are Vehicle Air Pollution Standards Effective and Efficient?

Jacobsen, Mark R.; Sallee, James; Shapiro, Joseph S.; … - 2022

What is a feasible and efficient policy to regulate air pollution from vehicles? A Pigouvian tax is technologically infeasible. Most countries instead rely on exhaust standards that limit air pollution emissions per mile for new vehicles. We assess the effectiveness and efficiency of these...

Persistent link: https://www.econbiz.de/10014240477

Short-Time Work Subsidies in a Matching Model

Meier, Volker - 2019

We consider positive and normative aspects of subsidizing work arrangements where subsidies are paid in time of low demand and reduced working hours so as to stabilize workers’ income. In a matching framework such an arrangement increases labor demand. Tightening eligibility to short-time work...

Persistent link: https://www.econbiz.de/10012892292

Solar Rebound - The Unintended Consequences of Subsidies

Gautier, Axel - 2019

Many jurisdictions use net metering to record the power exchange between solar photovoltaic panels and the grid, thus valuing home production at the electricity retail rate. However, if over the billing period, production exceeds consumption, the surplus remains freely available for consumption....

Persistent link: https://www.econbiz.de/10012858189

Motivation Crowding in Peer Effects : The Effect of Solar Subsidies on Green Power Purchases

La Nauze, Andrea - 2021

I test whether economic incentives dampen peer effects in public-good settings. I study how a visible and subsidized contribution to a public good (installing solar panels) affects peer contributions that are neither subsidized nor visible (electing green power). Exploiting spatial variation in...

Persistent link: https://www.econbiz.de/10013239335

Caring for Carers? The Effect of Public Subsidies on the Wellbeing of Unpaid Carers

Costa-i-Font, Joan; D'Amico, Francesco; … - 2022

We study the effect of long-term care (LTC) subsidies and supports on the wellbeing of unpaid caregivers. We draw on evidence from a policy intervention, that universalized previously means-tested caregiving supports in Scotland, known as free personal care (FPC). We document causal evidence of...

Persistent link: https://www.econbiz.de/10014082158

Optimal Solar Subsidies

Colas, Mark; Saulnier, Emmett - 2023

We study the spatial misallocation resulting from subsidies for residential solar panels in the US and quantify the associated environmental costs. We build a structural model of solar panel demand and electricity production across the country and estimate the model by combining 1) remotely...

Persistent link: https://www.econbiz.de/10014348184

The Employment Effects of a Pandemic Wage Subsidy

Smart, Michael; Kronberg, Matthew; Lesica, Josip; … - 2023

We estimate the causal effects of a pandemic-era wage subsidy program in Canada on job losses and business closures … changes in the wage subsidy rate. The estimated net wage elasticity of employment was 0.11, implying a small aggregate … employment effect of the program and an estimated fiscal cost per job saved of nearly $200,000 per year. Subsidy payments caused …

Persistent link: https://www.econbiz.de/10014262746

Long-Term Effects of Hiring Subsidies for Unemployed Youths—Beware of Spillovers

Albanese, Andrea; Cockx, Bart; Dejemeppe, Muriel - 2022

-shot hiring subsidy targeted at low-educated unemployed youths during the Great Recession recovery in Belgium. The subsidy …

Persistent link: https://www.econbiz.de/10014244086

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