Governments often attempt to increase the confidence of financial market participants by making implicit or explicit guarantees of uncertain credibility. Confidence in these guarantees presumably alters the size of the financial sector, but observing the long-run consequences of failed...

Wisconsin's Act 10 in 2011 gutted collective bargaining rights for public school teachers and mandated benefits cuts for most districts. We use various cross-state methods on school-district data from school years 2002-03 to 2015-16 to examine the act's immediate and medium-run net impacts on...

This paper examines to what extent, if any, natural environmental factors affect consumer purchase decisions regarding “green” products. We collect and combine several unique datasets to study the impact of air pollution on consumers' choices of passenger vehicles in China. Exploiting...

We consider a policy reform relaxing price controls in American pari-mutuel wagering on horse racing by examining bookie behavior in Australia's fixed-odds gambling sector. Descriptive regressions indicate that bookmaker takeouts (the effective prices of races) vary substantially and...

We separately use the difference-in-differences technique and the synthetic control method on county-level data to test the impact of mandatory menu labeling laws on obesity and diabetes rates. Results show a decline in the growth of obesity rates following passage of the law at the state level...

Governments often attempt to increase the confidence of financial market participants by making implicit or explicit guarantees of uncertain credibility. Confidence in these guarantees presumably alters the size of the financial sector, but observing the long-run consequences of failed...