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More Roads or Public Transit? Insights from Measuring City-Center Accessibility

Conwell, Lucas J.; Eckert, Fabian; Mobarak, Ahmed Mushfiq - National Bureau of Economic Research - 2023

We propose a theory-inspired measure of the accessibility of a city's center: the size of the surrounding area from which it can be reached within a specific time. Using publicly available optimal-routing software, we compute these "accessibility zones" for the 109 largest US and European...

Persistent link: https://www.econbiz.de/10013537771

Economic Shocks and Healthcare Capital Investments

Richards, Michael R.; Shi, Maggie; Whaley, Christopher M. - National Bureau of Economic Research - 2025

Information technology (IT) can enhance firms' long-run performance but is also a risky investment, with high fixed costs and uncertain returns. Whether market events influence this tradeoff has received limited attention. We leverage the healthcare context to empirically examine hospitals' IT...

Persistent link: https://www.econbiz.de/10015326480

Harm Reduction : When Does It Improve Health, and When Does it Backfire?

Cawley, John H.; Dragone, Davide - National Bureau of Economic Research - 2023

A subset of harm reduction strategies encourages individuals to switch from a harmful addictive good to a less harmful addictive good; examples include e-cigarettes (substitutes for combustible cigarettes) and methadone and buprenorphine (substitutes for opioids). Such harm reduction methods have...

Persistent link: https://www.econbiz.de/10014226123

The Cyclicality of Births and Babies' Health, Revisited : Evidence from Unemployment Insurance

Dettling, Lisa J.; Kearney, Melissa Schettini - National Bureau of Economic Research - 2023

We revisit the cyclical nature of birth rates and infant health and investigate to what extent the relationship between aggregate labor market conditions and birth outcomes is mitigated by the consumption smoothing income assistance delivered through unemployment insurance (UI). We introduce a...

Persistent link: https://www.econbiz.de/10014226134

Rigidities in Transportation and Supply Chain Disruptions

Brancaccio, Giulia; Kalouptsidi, Myrto; Papageorgiou, … - National Bureau of Economic Research - 2025

In this paper we provide a simple and intuitive story for supply chain disruptions driven by the rigidities in the transportation sector. Focusing on maritime shipping, we argue that the frequent macroeconomic shocks that shape demand for transportation, meet a highly inelastic supply curve for...

Persistent link: https://www.econbiz.de/10015326446

Attribute Production and Biased Technical Change in Automobiles

Watten, Asa; Anderson, Soren T. - National Bureau of Economic Research - 2025

Cars have gotten bigger and faster yet more fuel efficient in recent decades. Why? We estimate an equilibrium model of car attribute production using U.S. household microdata for 1995-2017 and structurally decompose attribute trends into underlying mechanisms. We find that technical change led...

Persistent link: https://www.econbiz.de/10015421929

The Role of Publication Selection Bias in Estimates of the Value of a Statistical Life

Viscusi, W. Kip - 2014

Meta-regression estimates of the value of a statistical life (VSL) controlling for publication selection bias yield … bias-corrected estimates of VSL that are higher for labor market studies using the more recent Census of Fatal Occupational … of the variable used to capture publication bias effects. Meta-regression estimates for a large sample of VSL estimates …

Persistent link: https://www.econbiz.de/10012458550

Optimal Income Taxation

Kaplow, Louis - National Bureau of Economic Research - 2022

This article explores subjects in optimal income taxation characterized by recent research interest, practical importance in light of concerns about inequality, potential for misunderstanding, and prospects for advancement. Throughout, the analysis highlights paths for further investigation....

Persistent link: https://www.econbiz.de/10013334417

Should Exact Index Numbers Have Standard Errors? Theory and Application to Asian Growth

Feenstra, Robert C. - 2004

In this paper we derive the standard error of a price index when both prices and tastes or technology are treated as stochastic. Changing tastes or technology are a reason for the weights in the price index to be treated as stochastic, which can interact with the stochastic prices themselves. We...

Persistent link: https://www.econbiz.de/10012468497

The Importance of Measurement Error in the Cost of Capital

Goolsbee, Austan - 2000

Conventional estimates of the impact of taxes on investment may be seriously biased by measurement error in the cost of capital. The existence and size of such error, however, has not been documented. Using panel data on different types of capital equipment, this paper provides direct evidence...

Persistent link: https://www.econbiz.de/10012471217