Showing 1 - 10 of 3,768
Rainfall is a truly exogeneous variable and hence popular as an instrument for many outcomes. But by its very nature …, rainfall in nearby areas tends to be correlated. I show theoretically that if there are also spatial trends in outcomes of …
Persistent link: https://www.econbiz.de/10010528337
We study implications of habit formation for optimal taxation. First, we show that taxation problems with habit formation can be analyzed using dynamic programming techniques. Second, we derive optimal labor and savings wedges for habit formation preferences. We show that habit formation...
Persistent link: https://www.econbiz.de/10010229853
This paper adopts an instrumental variable approach to uncover the impact of variations in minimum temperature on emergence and severity of actual violence through the effect on food availability, captured by rice crops per capita. The link between increase in minimum temperature and rice crops...
Persistent link: https://www.econbiz.de/10010250125
rainfall shocks in the most agricultural countries in the world. I show that while these shocks only affect agricultural output … contemporaneously, they have persistent effects on political institutions. Authoritarian regimes experiencing negative rainfall shocks …
Persistent link: https://www.econbiz.de/10011809938
Habits are an important cause of sluggish consumption adjustment in response to price shocks. This paper studies shifts within the consumption bundle under endogenous habit formation. I put forward a model with good-specific, or "deep", habits that cause persistence in good-specific consumption....
Persistent link: https://www.econbiz.de/10011814737
In three large-scale field experiments with over 32,500 individuals, we investigate whether public transport uptake can be influenced by behavioral interventions and by economic incentives. Despite their effectiveness in other domains, we find a tightly estimated zero for social norms and...
Persistent link: https://www.econbiz.de/10012299541
Aiming to reduce the number of brown (polluting) cars on the road, several countries currently promote the purchase and use of green (emission-free) cars through financial and non-financial incentives. We study how such incentives affect consumers who continue to drive brown cars. Using a simple...
Persistent link: https://www.econbiz.de/10012026368
We study how shocks to voting costs affect electoral turnout. Individuals whose polling place is relocated face changes to their cost of voting in person due to altered distance and unfamiliarity with the new polling place. Using address-level and precinct-level data, we find that polling place...
Persistent link: https://www.econbiz.de/10013202409
We analyse the implications of habit formation relating to wages in a multi-period efficiency-wage model. If employees have such preferences, their existence provides firms with incentives to raise wages and reduce employment over time. Greater intensity does not necessarily have the same...
Persistent link: https://www.econbiz.de/10012245105
Extreme weather may give rise to the relocation of economic activity towards nearby locations. But how are the economic … effects of weather events transmitted between locations? And, which role does the interconnection of small economic units play …? This paper takes a granular approach to identify the role of connectivity on economic activity due to severe weather. We …
Persistent link: https://www.econbiz.de/10012195996