Local labor market shocks are difficult to insure against. Using confidential micro data from the U.S. Census Bureau …'s Longitudinal Business Database, we document that firms redistribute the employment impacts of local demand shocks across regions … sharp drop in consumer demand, leading to large employment losses in the non-tradable sector. Consistent with firms …

ingredients for policy analysis. Drawing on several examples, especially that of cigarette demand, we review the potential … suggest that these consensus estimates may have systematically overestimated the price responsiveness of cigarette demand …Econometric estimates of the responsiveness of health-related consumer demand to higher prices are often key …

advertisements for menthol cigarettes on cigarette demand. Unlike previous research on cigarette advertising and demand, we use … to control for individual heterogeneity that influences both advertising exposure and cigarette demand. We exploit quasi … advertising effects on multiple margins of cigarette demand. Our empirical results do not provide any evidence that menthol …

price elasticities of demand using four alternative cigarette tax/price measures that compensate for the local tax … States. We estimate a price elasticity of total demand of -0.38 using the price measure most strongly compensating for the …We use data from the Tobacco Use Supplements to the Current Population Survey from 2006-2015 to calculate cigarette …

cigarette price and policy-related measures to estimate smoking cessation equations for young adult males and females separately …. The estimates clearly indicate that increases in cigarette prices would lead a significant number of young adults to quit …

This paper examines the stability of import and export demand functions for the United States over the 1975q1-2001q2 … period. Using the Johansen maximum likelihood approach, an export demand function is readily identified. In contrast, there … appears to be a structural break in the import demand function in 1995; specifications incorporating this break pass tests for …

product varieties, or new foreign suppliers, and determine the effect of this bias on the estimated income elasticity of … import demand. Existing import price indexes are based on a sample of products from importing firms. We argue that if the … index. Using a correction based on the falling expenditure share on sampled countries, we find that the income elasticity of …

We present a new framework to identify demand and supply elasticities of agricultural commodities using yield shocks … - deviations from a time trend of output per area, which are predominantly caused by weather fluctuations. Demand is identified … recycled as feed stock for livestock, the predicted price increase scales back to 20 percent. While commodity demand is …