Showing 1 - 10 of 50
This paper uses a lifecycle model to study household finance in China, focusing on the high savings rate, the low stock … market participation rate and the low share of stocks in wealth. We control for important regime changes in China in the … estimation of structural parameters, and examine their impacts on household finance patterns. Relative to the US, the distinctive …
Persistent link: https://www.econbiz.de/10012453970
This paper studies the allocation of heterogeneous agents to levels of educational attainment. The goal is to understand the magnitudes and sources of mismatch in this assignment, both in theory and in the data. The paper presents evidence of substantial mismatch between ability and educational...
Persistent link: https://www.econbiz.de/10012456663
A robust body of evidence shows that air pollution exposure is detrimental to health outcomes, often measured as deaths and hospitalizations. This literature has focused less on subclinical channels that nonetheless impact behavior, performance, and skills. This article reviews the economic...
Persistent link: https://www.econbiz.de/10013172147
Influenza and air pollution are significant public health risks with large economic consequences shared across the globe. The common etiological pathways through which they harm health present an interesting case of compounding risk via interacting externalities. Using regional and temporal...
Persistent link: https://www.econbiz.de/10012482202
We study the effect of outdoor air pollution on the productivity of indoor workers at a pear-packing factory. We focus on fine particulate matter (PM2.5), a harmful pollutant that easily penetrates indoor settings. We find that an increase in PM2.5 outdoors leads to a statistically and...
Persistent link: https://www.econbiz.de/10012458723
In this paper, we develop a methodology for estimating marginal emissions of electricity demand that vary by location and time of day across the United States. The approach takes account of the generation mix within interconnected electricity markets and shifting load profiles throughout the...
Persistent link: https://www.econbiz.de/10012460198
Environmental protection is typically cast as a tax on the labor market and the economy in general. Since a large body of evidence links pollution with poor health, and health is an important part of human capital, efforts to reduce pollution could plausibly be viewed as an investment in human...
Persistent link: https://www.econbiz.de/10012461654
We examine how exogenous changes in exposure to air pollution over the past two decades have altered the disparities in home values between Black and White homeowners. We find that air quality capitalization rates are significantly lower for Black homeowners. In fact, they are so much lower...
Persistent link: https://www.econbiz.de/10013477306
We study the private adoption and diffusion of a technology that provides a local public good - PurpleAir (PA) pollution monitors. From a purely informational perspective, the ideal spacing of these monitors should reflect the degree of spatial correlation in pollution. In stark contrast, we...
Persistent link: https://www.econbiz.de/10014528395
Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013210074