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Instrumental Variables and Causal Mechanisms : Unpacking the Effect of Trade on Workers and Voters
Dippel, Christian - 2018
This paper shows that import exposure affects voting behavior because it affects local labor markets. We develop a new framework for mediation analysis where one instrumental variable is sufficient to identify three causal effects. Using German data from 1987–2009, we find that import exposure...
Persistent link: https://www.econbiz.de/10012927102
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Identification of Causal Mechanisms Based on Between-Subject Double Randomization Designs
Wunsch, Conny - 2018
Understanding the mechanisms through which treatment effects come about is crucial for designing effective interventions. The identification of such causal mechanisms is challenging and typically requires strong assumptions. This paper discusses identification and estimation of natural direct...
Persistent link: https://www.econbiz.de/10012912427
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The Choice of Environmental Policy Instruments : Energy Efficiency and Redistribution
Haupt, Alexander; Stadejek, Magdalena - 2021
We analyse optimal environmental policies in a market that is vertically differentiated in terms of the energy efficiency of products. Considering energy taxes, subsidies to firms for investment in more eco-friendly products, and product standards, we are particularly interested in how...
Persistent link: https://www.econbiz.de/10013316228
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Outsourcing of Unionized Firms and the Impacts of Labour Market Policy Reforms
Koskela, Erkki - 2008
the share of the outsourced workforce is not too large, this wage moderation effect on domestic employment outweighs the … direct substitution effect so that domestic employment increases in unionized firms as outsourcing costs fall. This does not … for employment. However, except for low outsourcing activities, the impact of these policy measures will become smaller as …
Persistent link: https://www.econbiz.de/10012770785
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Optimal Participation Taxes
Christiansen, Vidar - 2021
Addressing extensive labour supply responses, the literature has established a case for larger transfers to the working poor than to even poorer non-working people. This paper casts new light on this result. I argue that the result hinges crucially on the labour supply responses of people in...
Persistent link: https://www.econbiz.de/10013315855
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On the Linkages between Stock Prices and Exchange Rates : Evidence from the Banking Crisis of 2007-2010
Caporale, Guglielmo Maria - 2013
, namely the US, the UK, Canada, Japan, the euro area, and Switzerland, using data on the banking crisis between 2007 and 2010 … Switzerland. Furthermore, causality-in-variance from stock returns to exchange rates changes is found in Japan and in the opposite …
Persistent link: https://www.econbiz.de/10013083258
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Spend-and-Tax : A Panel Data Investigation for the EU
Afonso, António - 2009
Using bootstrap panel analysis, allowing for cross-country correlation, without the need of pre-testing for unit roots, we study the causality between government spending and revenue for the EU in the period 1960-2006. We find spend-and-tax causality for Italy, France, Spain, Greece, and...
Persistent link: https://www.econbiz.de/10013158140
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Immigration, Unemployment and Wages : New Causality Evidence from the United Kingdom
Tunali, Cigdem Börke - 2017
The vast literature on the effects of immigration on wages and employment is plagued by likely endogeneity and …
Persistent link: https://www.econbiz.de/10012955276
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Who Benefits from Universal Child Care? Estimating Marginal Returns to Early Child Care Attendance
Cornelissen, Thomas - 2018
In this paper, we examine the heterogeneous treatment effects of a universal child care (preschool) program in Germany by exploiting the exogenous variation in attendance caused by a reform that led to a large staggered expansion across municipalities. Drawing on novel administrative data from...
Persistent link: https://www.econbiz.de/10012910996
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How Do Expectations About the Macroeconomy Affect Personal Expectations and Behavior?
Roth, Christopher - 2018
Using a representative online panel from the US, we examine how individuals' macroeconomic expectations causally affect their personal economic prospects and their behavior. To exogenously vary respondents' expectations we provide them with different professional forecasts about the likelihood...
Persistent link: https://www.econbiz.de/10012911043