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Unintended Consequences from Nested State & Federal Regulations : the Case of the Pavley Greenhouse-Gas-Per-Mile Limits
Goulder, Lawrence H. - 2009
Fourteen U.S. states recently pledged to adopt limits on greenhouse gases (GHGs) per mile of light-duty automobiles. Previous analyses predicted this action would significantly reduce emissions from new cars in these states, but ignored possible offsetting emissions increases from policy-induced...
Persistent link: https://www.econbiz.de/10013156421
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Fluctuations in Overseas Travel by Americans, 1820 to 2000
Dupont, Brandon - 2010
There were substantial fluctuations in the numbers of American overseas travelers, especially before World War II. These fluctuations in travel around the robust, long term upward trend are the focus of this paper. We first identify those fluctuations in the raw data and then try to explain the...
Persistent link: https://www.econbiz.de/10012757617
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The American Invasion of Europe : The Long Term Rise in Overseas Travel, 1820-2000
Dupont, Brandon - 2010
Tourism today is an activity of substantial economic importance worldwide, and has been for some time. Tourism is also …'s establishing special accounts on travel and tourism. In this paper we investigate the long term rise in overseas travel by … as mass tourism. We document this rise by compiling a long term series on overseas travel, and describe the changes in …
Persistent link: https://www.econbiz.de/10012759330
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Long Workweeks and Strange Hours
Hamermesh, Daniel S. - 2014
American workweeks are long compared to other rich countries'. Much less well-known is that Americans are more likely to work at night and on weekends. We examine the relationship between these two phenomena using the American Time Use Survey and time-diary data from 5 other countries. Adjusting...
Persistent link: https://www.econbiz.de/10013047783
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Tourism and Economic Development : Evidence from Mexico's Coastline
Faber, Benjamin - 2016
Tourism is a fast-growing services sector in developing countries. This paper combines a rich collection of Mexican … consequences of tourism both locally and in the aggregate. We find that tourism causes large and significant local economic gains … regions, so that the national gains from trade in tourism are mainly driven by a classical market integration effect …
Persistent link: https://www.econbiz.de/10012989735
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Why Do Europeans Smoke More than Americans?
Cutler, David M.; Glaeser, Edward L. - 2021
While Americans are less healthy than Europeans along some dimensions (like obesity), Americans are significantly less likely to smoke than their European counterparts. This difference emerged in the 1970s and it is biggest among the most educated. The puzzle becomes larger once we account for...
Persistent link: https://www.econbiz.de/10013215719
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Work and Leisure in the U.S. And Europe : Why so Different?
Alesina, Alberto F.; Glaeser, Edward L.; Sacerdote, Bruce - 2021
Americans average 25.1 working hours per person in working age per week, but the Germans average 18.6 hours. The average American works 46.2 weeks per year, while the French average 40 weeks per year. Why do western Europeans work so much less than Americans? Recent work argues that these...
Persistent link: https://www.econbiz.de/10013231444
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Combining Panel Data Sets with Attrition and Refreshment Samples
Hirano, Keisuke; Imbens, Guido W.; Ridder, Geert; … - 2021
In many fields researchers wish to consider statistical models that allow for more complex relationships than can be inferred using only cross-sectional data. Panel or longitudinal data where the same units are observed repeatedly at different points in time can often provide the richer data...
Persistent link: https://www.econbiz.de/10013246678
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Uncertainty Business Cycles - Really?
Bachmann, Ruediger - 2011
Are fluctuations in firms' profitability risk a major cause of regular business cycles? We study this question within the framework of a heterogeneous-firm dynamic stochastic general equilibrium model with fixed capital adjustment costs. In such a model, surprise increases of risk lead to a...
Persistent link: https://www.econbiz.de/10013128887
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The Cross-Section of Hurdle Rates for Capital Budgeting : An Empirical Analysis of Survey Data
Jagannathan, Ravi - 2011
Whereas Poterba and Summers (1995) find that firms use hurdle rates that are unrelated to their CAPM betas, Graham and Harvey (2001) find that 74% of their survey firms use the CAPM for capital budgeting. We provide an explanation for these two apparently contradictory conclusions. We find that...
Persistent link: https://www.econbiz.de/10013130550