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Harstad, Bård - National Bureau of Economic Research - 2024

cause Brazil's agricultural area to expand by 27%, but this expansion can be avoided if the EU and the US offer a CTA …

Persistent link: https://www.econbiz.de/10014544671

What's My Employee Worth? The Effects of Salary Benchmarking

Cullen, Zoë B.; Li, Shengwu; Perez-Truglia, Ricardo - National Bureau of Economic Research - 2022

report using this type of data to set salaries, a practice that is known as salary benchmarking. Despite their widespread use … across occupations, there is no evidence on the effects of salary benchmarking. We provide a model that explains why firms … are interested in salary benchmarking and makes predictions regarding the effects of the tool. Next, we measure the actual …

Persistent link: https://www.econbiz.de/10013435132

Innovation in the U.S. Government

Bruce, Joshua R. - 2020

This paper examines the U.S. government's intramural research and development efforts over a 40-year period, drawing together multiple human capital, government spending, and patent datasets. The U.S. Federal Government innovates along four dimensions: technological, organizational, regulatory,...

Persistent link: https://www.econbiz.de/10012481764

State Capacity as an Organizational Problem : Evidence from the Growth of the U.S. State Over 100 Years

Mastrorocco, Nicola; Teso, Edoardo - National Bureau of Economic Research - 2023

We study how the organization of the state evolves over the process of development of a nation, using a new dataset on the internal organization of the U.S. federal bureaucracy over 1817-1905. First, we show a series of facts, describing how the size of the state, its presence across the...

Persistent link: https://www.econbiz.de/10014337824

Energy, Groundwater, and Crop Choice

Burlig, Fiona; Preonas, Louis; Woerman, Matt - National Bureau of Economic Research - 2021

Groundwater is a key resource for agricultural production globally. Increasingly rapid aquifer drawdowns--as well as the policies intended to increase their sustainability--increase costs to agricultural producers, with unknown consequences. This paper provides the first large-scale empirical...

Persistent link: https://www.econbiz.de/10012510584

On the Green Interest Rate

Muller, Nicholas Z. - National Bureau of Economic Research - 2021

This paper demonstrates how a central bank might operationalize an expanded role inclusive of managing risks from environmental pollution. The analysis introduces the green interest rate (rg) which depends on temporal changes in the pollution intensity of output. This policy instrument...

Persistent link: https://www.econbiz.de/10012585375

Headwinds and Tailwinds : Implications of Inefficient Retail Energy Pricing for Energy Substitution

Borenstein, Severin; Bushnell, James B. - National Bureau of Economic Research - 2021

Electrification of transportation and buildings to reduce greenhouse gas (GHG) emissions requires massive switching from natural gas and refined petroleum products. All three end-use energy sources are mispriced due in part to the unpriced pollution they emit. Natural gas and electricity...

Persistent link: https://www.econbiz.de/10012616566

Designing Fuel-Economy Standards in Light of Electric Vehicles

Gillingham, Kenneth - National Bureau of Economic Research - 2021

Electric vehicles are declining in cost so rapidly that they may claim a large share of the vehicle market by 2030. This paper examines a set of practical regulatory design considerations for fuel-economy standards or greenhouse gas standards in the context of highly uncertain electric vehicle...

Persistent link: https://www.econbiz.de/10012599357

Decarbonization and Electrification in the Long Run

Holland, Stephen P.; Mansur, Erin; Yates, Andrew J. - National Bureau of Economic Research - 2022

Decarbonization and electrification will require a transformed electricity grid. Our long-run model of entry and exit of generation and storage capacity captures crucial aspects of the electricity industry such as time-varying demand for electricity, intermittency of renewables, and...

Persistent link: https://www.econbiz.de/10013210110

Climate Regulatory Risk and Corporate Bonds

Seltzer, Lee H.; Starks, Laura T.; Zhu, Qifei - National Bureau of Economic Research - 2022

Investor concerns about climate and other environmental regulatory risks suggest that these risks should affect corporate bond risk assessment and pricing. We test this hypothesis and find that firms with poor environmental profiles or high carbon footprints tend to have lower credit ratings and...

Persistent link: https://www.econbiz.de/10013191088

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