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The interest rate is generally considered as an important driver of macroeconomic investment. As an innovation, this paper derives the exact shape of the "hysteretic" impact of changes in the interest rate on macroeconomic investment under the scenarios of both certainty and uncertainty. We...
Persistent link: https://www.econbiz.de/10012141203
education spending and teacher salaries falls when respondents receive information about existing levels. Treatment effects vary … by prior knowledge in a manner consistent with information effects rather than priming. Support for salary increases is …' lower support for increases. Information about the tradeoffs between specific spending categories shifts preferences from …
Persistent link: https://www.econbiz.de/10011584672
comparative evidence on public preferences for education spending, we conduct representative experiments with information …, providing information about actual spending and salary levels reduces support for increased education spending from 54 to 40 … preferences are similar across the three countries when the role of status-quo and information are taken into account. …
Persistent link: https://www.econbiz.de/10012179942
The internet and other large textual databases contain billions of documents: is there useful information in the number …
Persistent link: https://www.econbiz.de/10010269084
repeated negative institutional shocks and how such shocks influence the development of an information matrix as well as the … transmission of information across time and generations. We show that African-Americans who were less likely to be influenced by … negative institutional shocks and the information stock created from these experiences, have similar self-employment rates to …
Persistent link: https://www.econbiz.de/10010269181
income and time prices affect time and goods inputs into this household-produced commodity. Focusing on these two years …, between which income and earnings inequality increased, allows examining how household production is affected by changing …
Persistent link: https://www.econbiz.de/10010267333
We consider the possibility that demographic variables are measured with errors which arise because household surveys … measure demographic structures at a point-in-time, whereas household composition evolves throughout the survey period. We … construct and estimate sharp bounds on household size and find that the degree of these measurement errors is non …
Persistent link: https://www.econbiz.de/10010269073
We use micro data from the U.S. Internal Revenue Service to document how households' tax liabilities vary with income, marital status and the number of dependents. We report facts on the distributions of average and marginal taxes, properties of the joint distributions of taxes paid and income,...
Persistent link: https://www.econbiz.de/10010278342
Empirical analyses of the effects of public and private pensions on household saving impose strong assumptions in order … household wealth is crowded out by pensions? (2) Can linear regression analysis accurately estimate the magnitude of crowdout … results indicate that private pensions in the US crowd out less than $0.15 of household saving per dollar of pension wealth …
Persistent link: https://www.econbiz.de/10010278632
We use data from the Survey of Income and Program Participation covering the period 1989-2006 to investigate the impact that time limits on receipt of Temporary Assistance for Needy Families have on female-headed family outcomes, including welfare use, employment and living arrangements. The...
Persistent link: https://www.econbiz.de/10010289907