Showing 1 - 10 of 452
subsidize low carbon fuels. We simulate a transportation-sector cap & trade program (CAT) and three policies currently in use …
Persistent link: https://www.econbiz.de/10013120318
productivity (MFP) growth in the transportation industry over the postwar period, 1948-87. Official data on output and employment … data reduce the magnitude of the post-1973 productivity slowdown in transportation MFP growth from a previously reported 2 … airports, air traffic control, and highways, do not change appreciably the pattern of postwar MFP growth in transportation …
Persistent link: https://www.econbiz.de/10012778843
This paper uses age-at-school-entry policies to identify the effect of female education on fertility and infant health. We focus on sharp contrasts in schooling, fertility, and infant health between women born just before and after the school entry date. School entry policies affect female...
Persistent link: https://www.econbiz.de/10012761275
transportation project funding. The empirical results provide evidence that legislators respond to common pool incentives: the …
Persistent link: https://www.econbiz.de/10013246358
Will politics lead to over-building or under-building of transportation projects? In this paper, we develop a model of … perceive. Consequently, national funding of transportation leads to overspending, since voters more readily perceive the upside … educated and organized urban voters. Our framework also predicts more per capita transportation spending in low-density and …
Persistent link: https://www.econbiz.de/10012949429
In this paper we explore efficiency and optimal policy in decentralized transportation markets that suffer from search …
Persistent link: https://www.econbiz.de/10013307044
This paper tests the differential effects of the generosity of the welfare state under free migration and under policy-controlled migration, distinguishing between source developing and developed countries. We utilize free-movement within the EU to examine the free migration regime and compare...
Persistent link: https://www.econbiz.de/10013129125
This paper models and estimates ex ante safety-net benefits at a sample of large banks in US and Europe during 2003-2008. Our results suggest that difficult-to-fail and unwind (DFU) banks enjoyed substantially higher ex ante benefits than other institutions. Safety-net benefits prove...
Persistent link: https://www.econbiz.de/10013130253
We examine the capital-market effects of changes in securities regulation in the European Union (EU) aimed at reducing market abuse and increasing transparency. To estimate causal effects for the population of EU firms, we exploit that for plausibly exogenous reasons, like national legislative...
Persistent link: https://www.econbiz.de/10013130969
This paper estimates, using data from the United States and Euro Area, a two-country stochastic growth model in which both neutral and investment-specific technology shocks are nonstationary but cointegrated across economies. The results point to large and persistent swings in productivity, both...
Persistent link: https://www.econbiz.de/10013131508