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Labor Unions and Social Insurance
Aizawa, Naoki; Fang, Hanming; Komatsu, Katsuhiro - National Bureau of Economic Research - 2024
The United States has experienced a significant decline in labor unions over the past half-century. We examine the … aggregate labor market impact of labor unions, the causes of their decline, and their welfare and distributional consequences …, accounting for unions' effects on wages and employers' insurance provisions. We first provide descriptive evidence that social …
Persistent link: https://www.econbiz.de/10015056117
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The Welfare Cost of Business Cycles Revisited : Finite Lives and Cyclical Variation in Idiosyncratic Risk
Storesletten, Kjetil - 2000
This paper investigates the welfare costs of business cycles in a heterogeneous agent, overlapping generations economy which is distinguished by idiosyncratic labor market risk. Aggregate variation arises both in terms of aggregate productivity shocks and countercyclical variation in the...
Persistent link: https://www.econbiz.de/10012470691
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Welfare Assessments with Heterogeneous Individuals
Dávila, Eduardo; Schaab, Andreas - National Bureau of Economic Research - 2022
This paper develops a new approach to make welfare assessments based on the notion of Dynamic Stochastic weights (DS-weights for short). For a large class of dynamic stochastic economies with heterogeneous individuals, we introduce an aggregate additive decomposition that satisfies desirable...
Persistent link: https://www.econbiz.de/10013435133
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Welfare and the Act of Choosing
Bernheim, Bert Douglas; Kim, Kristy; Taubinsky, Dmitry - National Bureau of Economic Research - 2024
The standard revealed-preference approach to welfare economics encounters fundamental difficulties when the act of choosing directly affects welfare through emotions such as guilt, pride, and anxiety. We address this problem by developing an approach that redefines consumption bundles in terms...
Persistent link: https://www.econbiz.de/10014512054
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Empirical Analyses of Selection and Welfare in Insurance Markets : A Self-Indulgent Survey
Einav, Liran; Finkelstein, Amy - National Bureau of Economic Research - 2023
This review article, which was solicited by the Geneva Risk and Insurance Review, surveys work that has been done using an empirical framework for analyzing selection in insurance markets developed by Einav, Finkelstein, and Cullen (2010). We briefly review that framework, and then describe a...
Persistent link: https://www.econbiz.de/10014250164
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Why is Trade Not Free? : A Revealed Preference Approach
Adão, Rodrigo; Costinot, Arnaud; Donaldson, Dave; … - National Bureau of Economic Research - 2023
A prominent explanation for why trade is not free is politicians' desire to protect some of their constituents at the expense of others. In this paper we develop a methodology that can be used to reveal the welfare weights that a nation's import tariffs implicitly place on different groups of...
Persistent link: https://www.econbiz.de/10014421223
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Welfare Accounting
Dávila, Eduardo; Schaab, Andreas - National Bureau of Economic Research - 2023
This paper develops a welfare accounting decomposition that identifies and quantifies the ultimate origins of welfare gains and losses in general economies with heterogeneous individuals and disaggregated production. The decomposition---exclusively based on preferences and technologies---first...
Persistent link: https://www.econbiz.de/10014372473
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Does Occupational Licensing Reduce Value Creation on Digital Platforms?
Blair, Peter Q.; Fisher, Mischa - National Bureau of Economic Research - 2022
We test whether occupational licensing undercuts a key goal of digital marketplaces-- to increase social surplus by increasing the effectiveness of customer search. Our setting is a large online marketplace in the $500B home services industry where a platform converts customer search into sales...
Persistent link: https://www.econbiz.de/10013362042
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Optimal Subsidies for Green Hydrogen Production
Fell, Harrison; Holland, Stephen P.; Yates, Andrew J. - National Bureau of Economic Research - 2023
Green hydrogen may decarbonize sectors which are difficult to electrify, and the recent Inflation Reduction Act (IRA) provides tax credits to encourage hydrogen production. We analyze a model in which hydrogen produced using electricity replaces natural gas. The electricity may be procured from...
Persistent link: https://www.econbiz.de/10014437033
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When Product Markets Become Collective Traps : The Case of Social Media
Bursztyn, Leonardo; Handel, Benjamin R.; Jiménez … - National Bureau of Economic Research - 2023
Individuals might experience negative utility from not consuming a popular product. For example, being inactive on social media can lead to social exclusion or not owning luxury brands can be associated with having a low social status. We show that, in the presence of such spillovers to...
Persistent link: https://www.econbiz.de/10014421196