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interaction between the scarcity of resources and the incentives for war in the presence of limited commitment is at the center of … our theory. We show that a key parameter determining the incentives for war is the elasticity of demand. Our first result … identifies a novel externality that can precipitate war: price-taking firms fail to internalize the impact of their extraction on …
Persistent link: https://www.econbiz.de/10013131444
Prior researchers have deployed the Vietnam-era draft lottery as an instrument to estimate causal effects of military … shortly after the war seem to have dissipated by 2000. While these are important outcomes to economists, by focusing on them …: household and family life. In the present study we use the same IV approach to model the causal impact of Vietnam- era military …
Persistent link: https://www.econbiz.de/10013131668
novel proxy for stress: risk of military induction during the Vietnam War. We estimate that a 10 percentage point (2 … the war, and are not present for women or men who did serve. These findings add to the evidence on the lasting … consequences of stress, and also indicate that induction risk during Vietnam may, in certain contexts, be an invalid instrument for …
Persistent link: https://www.econbiz.de/10012957997
This paper uses the 2000 Census 1-in-6 sample to look at the long-term impact of Vietnam-era military service … point to a marked increase in schooling that appears to be attributable to the Vietnam-era GI Bill. The net wage effects …-term effect of Vietnam-era military service on health …
Persistent link: https://www.econbiz.de/10012759824
This study uses discontinuities in U.S. strategies employed during the Vietnam War to estimate their causal impacts. It …
Persistent link: https://www.econbiz.de/10012987131
Draft lottery number assignment during the Vietnam Era provides a natural experiment to examine the effects of military …
Persistent link: https://www.econbiz.de/10013111220
We demonstrate that personal connections amongst politicians have a significant impact on the voting behavior of U.S. politicians. Networks based on alumni connections between politicians, as well as common seat locations on the chamber floor, are consistent predictors of voting behavior. For...
Persistent link: https://www.econbiz.de/10013137309
How do political connections affect firm dynamics, innovation, and creative destruction? To answer this question, we build a firm dynamics model, where we allow firms to invest in innovation and/or political connection to advance their productivity and to overcome certain market frictions. Our...
Persistent link: https://www.econbiz.de/10012909902
I, World War II, the Korean War, and the Vietnam War. We test for agency problems by comparing the voting behavior of …Why do wars occur? We exploit a natural experiment to test the longstanding hypothesis that leaders declare war because …,210 children of 3,693 U.S. legislators who served in Congress during the four conscription-era wars of the 20th century: World War …
Persistent link: https://www.econbiz.de/10012946027
powers, the government was able to fund the war by borrowing and levying taxes. In major wars, however, there came a point …
Persistent link: https://www.econbiz.de/10013021872