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There are widespread concerns that the ongoing COVID-19 pandemic leads to negative attitudes or even stigmatization, especially towards peoples and products from the epicenters. We study the effects of information treatments on partially mitigating the negative impacts such as stigmatization on...
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We evaluate the effects of the 2009 Home Affordable Modification Program (HAMP) that provided intermediaries with sizeable financial incentives to renegotiate mortgages. HAMP increased intensity of renegotiations and prevented substantial number of foreclosures but reached just one-third of its...
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Following a minimum wage hike, household income rises on average by about $250 per quarter and spending by roughly $700 per quarter for households with minimum wage workers. Most of the spending response is caused by a small number of households who purchase vehicles. Furthermore, we find that...
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