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Exploring Residual Profit Allocation 探索剩余利润分配
1区 经济学 Q1 ECONOMICS Pub Date : 2023-02-01 DOI: 10.1257/pol.20200212
Sebastian Beer, Ruud A. De Mooij, Shafik Hebous, Michael Keen, Li Liu
Residual profit allocation (RPA) schemes have come to prominence in discussions of international tax reform but with almost nothing known about their economic impact. These schemes tax multinationals by allocating their “routine” profits to source countries and sharing their remaining “residual” profit across countries on some formulaic basis. This paper explores the implications, conceptual and empirical, of moving to some form of RPA. Residual profits are estimated to be substantial and concentrated in relatively few multinational enterprises. The impact on tax revenue appears beneficial for developing countries. Aggregate production efficiency is unlikely to increase unless routine profits are lightly taxed. (JEL F23, H25, H87, L25)
在国际税收改革的讨论中,剩余利润分配(RPA)方案已成为焦点,但人们对其经济影响几乎一无所知。这些方案通过将跨国公司的“常规”利润分配给来源国,并在某种公式化的基础上在各国分享其剩余的“剩余”利润,从而对跨国公司征税。本文探讨了转向某种形式的RPA的概念和经验意义。剩余利润估计相当可观,而且集中在相对较少的跨国企业。对税收的影响似乎有利于发展中国家。除非对日常利润轻征税,否则总生产效率不太可能提高。(凝胶f23, h25, h87, l25)
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引用次数: 1
Multinationals’ Sales and Profit Shifting in Tax Havens 跨国公司在避税天堂的销售和利润转移
IF 5.3 1区 经济学 Q1 ECONOMICS Pub Date : 2022-11-01 DOI: 10.1257/pol.20200203
Sébastien Laffitte, F. Toubal
We show that US multinationals record sales and the profits from these sales in tax havens while their goods and services are physically sold in other countries. We propose a framework illustrating the strategy of sales shifting. Our results reveal the importance of tax havens, which attract a disproportionate fraction of worldwide sales. Our quantification shows a large contribution of sales shifting to multinationals’ profit shifting, which amounted to $80 billion in 2013. Our findings suggest that international corporate tax rules based on sales may not address profit shifting efficiently if the policy designs are unable to identify sales by destination. (JEL F23, H25, H26, H87, L25)
我们表明,美国跨国公司在避税天堂记录销售额和利润,而它们的商品和服务实际上是在其他国家销售的。我们提出了一个说明销售转移策略的框架。我们的研究结果揭示了避税天堂的重要性,它们吸引了全球销售中不成比例的一部分。我们的量化显示,销售转移对跨国公司的利润转移有很大贡献,2013年的利润转移达到800亿美元。我们的研究结果表明,如果政策设计不能按目的地识别销售,那么基于销售额的国际公司税规则可能无法有效地解决利润转移问题。(凝胶f23, h25, h26, h87, l25)
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引用次数: 4
The Hazards of Unwinding the Prescription Opioid Epidemic: Implications for Child Maltreatment 解除处方阿片类药物流行的危害:对儿童虐待的影响
IF 5.3 1区 经济学 Q1 ECONOMICS Pub Date : 2022-11-01 DOI: 10.1257/pol.20200301
M. Evans, Matthew C. Harris, Lawrence M. Kessler
Child maltreatment has significant and long-lasting consequences. We examine how two interventions designed to curtail prescription opioid misuse, the reformulation of OxyContin and the implementation of must-access prescription drug monitoring programs (PDMPs), affected child maltreatment. Our results suggest counties with greater initial rates of prescription opioid usage experienced relatively larger increases in child physical abuse and neglect after OxyContin’s reformulation. We also find some evidence of increases in alleged physical abuse and neglect due to must-access PDMP implementation. Our results uncover unintended consequences for children of reducing the supply of an addictive good without adequate support for dependent users. (JEL I12, I18, J13, K32, K42, L65)
虐待儿童具有严重和持久的后果。我们研究了两种旨在减少处方阿片类药物滥用的干预措施,即奥施康定的重新配方和必须获得的处方药监测计划(PDMPs)的实施,如何影响儿童虐待。我们的研究结果表明,在奥施康定重新配方后,处方阿片类药物使用率较高的县,儿童身体虐待和忽视的增加幅度相对较大。我们还发现一些证据表明,由于必须进入PDMP的实施,所谓的身体虐待和忽视有所增加。我们的研究结果揭示了在没有对依赖用户提供足够支持的情况下减少成瘾产品的供应对儿童产生的意想不到的后果。(jel i12, i18, j13, k32, k42, l65)
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引用次数: 8
Adviser Value Added and Student Outcomes: Evidence from Randomly Assigned College Advisers 顾问增值和学生成绩:来自随机分配的大学顾问的证据
IF 5.3 1区 经济学 Q1 ECONOMICS Pub Date : 2022-11-01 DOI: 10.1257/pol.20200778
Serena Canaan, Antoine Deeb, Pierre Mouganie
This paper provides the first causal evidence on the impact of college adviser quality on student outcomes. To do so, we exploit a unique setting where students are randomly assigned to faculty advisers during their first year of college. We find that higher adviser value added (VA) substantially improves freshman year GPA, time to complete freshman year and four-year graduation rates. Additionally, higher adviser VA increases high-ability students’ likelihood of enrolling and graduating with a STEM degree. Our results indicate that allocating resources towards improving the quality of academic advising may play a key role in promoting college success. (JEL I23, I26, J24, J31, O15)
本文首次提供了高校辅导员素质对学生学业成绩影响的因果证据。为了做到这一点,我们采用了一种独特的设置,学生在大学一年级时被随机分配给教师顾问。我们发现,更高的顾问附加值(VA)大大提高了大一的GPA,完成大一的时间和四年的毕业率。此外,更高的顾问VA增加了高能力学生入学并获得STEM学位的可能性。我们的研究结果表明,分配资源以提高学术指导的质量可能在促进大学成功方面发挥关键作用。(j23, j26, j24, j31, j15)
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引用次数: 3
Gerrymandering in State Legislatures: Frictions from Axiomatic Bargaining 州立法机构的不公正划分选区:公理议价的摩擦
IF 5.3 1区 经济学 Q1 ECONOMICS Pub Date : 2022-11-01 DOI: 10.1257/pol.20190213
Hisam Sabouni, Cameron A. Shelton
Theories of partisan redistricting postulate unitary actors maximizing their party’s expected seat share. Yet, the partition of a fixed supply of friendly voters necessarily implies a tragedy of the commons. We recast partisan redistricting as a bargaining game among the sitting representatives of the party controlling the map. The status quo is the threat point, explaining why changes are frequently minor. This bargaining framework implies that highly competitive districts will receive more help from redistricting if they are already represented by the party in charge. Employing a regression discontinuity design with precinct-level data, we find support for this prediction. (JEL C78, D72)
党派重新划分选区的理论假设单一行为者最大化其政党的预期席位份额。然而,友好选民的固定供给的分割必然意味着一场公地悲剧。我们将党派间的选区重划重塑为控制选区的政党的现任代表之间的讨价还价游戏。现状是威胁点,它解释了为什么变更经常是次要的。这种讨价还价的框架意味着,如果竞争激烈的地区已经由执政党代表,那么这些地区将从重新划分选区中获得更多帮助。采用回归不连续设计与区域水平的数据,我们发现支持这一预测。(凝胶c78, d72)
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引用次数: 2
Mandatory Energy Efficiency Disclosure in Housing Markets 房屋市场的强制性能源效益披露
IF 5.3 1区 经济学 Q1 ECONOMICS Pub Date : 2022-11-01 DOI: 10.1257/pol.20200539
Erica Myers, Steven L. Puller, Jeremy West
Mandatory disclosure policies are implemented broadly despite sparse evidence that they improve market outcomes. We study the effects of requiring home sellers to provide buyers with certified audits of residential energy efficiency. Using similar nearby homes as a comparison group, we find that this requirement increases price premiums for energy efficiency and encourages energy-saving investments. We additionally present evidence highlighting the market failure—incomplete information by both buyers and sellers—that prevents widespread voluntary disclosure of energy efficiency in housing transactions. Our findings support that disclosure policies can improve market outcomes in settings with symmetrically incomplete information. (JEL D83, K32, L98, Q41, Q48, R31)
强制性信息披露政策得到了广泛实施,尽管鲜有证据表明它们改善了市场结果。我们研究了要求房屋卖家向买家提供住宅能源效率认证审计的效果。使用附近类似的家庭作为比较组,我们发现这一要求增加了能源效率的价格溢价,并鼓励了节能投资。此外,我们还提供了一些证据,强调市场失灵——买卖双方的信息不完整——阻碍了住房交易中能源效率的广泛自愿披露。我们的研究结果支持披露政策可以改善对称信息不完全环境下的市场结果。(jel d83, k32, l98, q41, q48, r31)
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引用次数: 9
Healthcare Rationing in Public Insurance Programs: Evidence from Medicaid. 公共保险计划中的医疗保健配给:医疗补助的证据。
IF 5.3 1区 经济学 Q1 ECONOMICS Pub Date : 2022-11-01 DOI: 10.1257/pol.20190628
Timothy J Layton, Nicole Maestas, Daniel Prinz, Boris Vabson
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引用次数: 0
Out of the Woodwork: Enrollment Spillovers in the Oregon Health Insurance Experiment. 出人意料:俄勒冈健康保险实验的招生溢出效应。
IF 5.3 1区 经济学 Q1 ECONOMICS Pub Date : 2022-08-01 DOI: 10.1257/pol.20200172
Adam Sacarny, Katherine Baicker, Amy Finkelstein

We analyze the impact of expanded adult Medicaid eligibility on the enrollment of already-eligible children. We analyze the 2008 Oregon Medicaid lottery, in which some low-income uninsured adults were randomly selected to be allowed to apply for Medicaid. Children in these households were eligible for Medicaid irrespective of the lottery outcome. We estimate statistically significant but transitory impacts of adult lottery selection on child Medicaid enrollment: at three months after the lottery, for every 9 adults who enrolled in Medicaid due to winning the lottery, one additional child also enrolled. Our results shed light on the existence, magnitude, and nature of so-called "woodwork effects".

我们分析了扩大成人医疗补助资格对已经符合资格的儿童入学的影响。我们分析了2008年俄勒冈州医疗补助彩票,其中一些低收入的没有保险的成年人被随机选中,允许申请医疗补助。无论彩票的结果如何,这些家庭的孩子都有资格获得医疗补助。我们估计了成人彩票选择对儿童医疗补助登记的统计上显着但短暂的影响:在彩票后三个月,每9名因中奖而参加医疗补助的成年人中,就有1名儿童也参加了医疗补助。我们的研究结果揭示了所谓的“木制品效应”的存在、大小和性质。
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引用次数: 0
How Much Are Public School Teachers Willing to Pay for Their Retirement Benefits? Comment 公立学校教师愿意为他们的退休福利支付多少钱?评论
IF 5.3 1区 经济学 Q1 ECONOMICS Pub Date : 2022-08-01 DOI: 10.1257/pol.20200763
Shawn Ni, M. Podgursky, Fangda Wang
In a widely cited study, Fitzpatrick (2015) found that more than one quarter of Illinois teachers were unwilling to pay 19 cents for pension enhancements worth one dollar in present value. We revisit this finding by tracking the same cohort of teachers to retirement, permitting exact measurement of service years and the annuity received. The vast majority of teachers purchased the upgrade. Among those who did not, the net benefit of the upgrade is negative given their retirement timing. The complex relationship between the timing of retirement and potential gain in pension wealth makes drawing inferences about teachers’ willingness to pay for this benefit difficult. (JEL H75, I21, J26, J32, J45)
Fitzpatrick(2015)在一项被广泛引用的研究中发现,超过四分之一的伊利诺伊州教师不愿意为现值为1美元的养老金增加支付19美分。我们通过跟踪同一组教师直到退休,重新审视了这一发现,允许对服务年限和收到的年金进行精确测量。绝大多数教师购买了升级版。考虑到退休时间,那些没有退休的人的净收益为负。退休时间与养老金财富的潜在收益之间的复杂关系,使得推断教师是否愿意为这一福利买单变得困难。(j75, j21, j26, j32, j45)
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引用次数: 1
Does Virtual Advising Increase College Enrollment? Evidence from a Random-Assignment College Access Field Experiment. 虚拟咨询能提高大学入学率吗?随机分配大学入学实地实验的证据。
IF 5.3 1区 经济学 Q1 ECONOMICS Pub Date : 2022-08-01 DOI: 10.1257/pol.20200515
Meredith Phillips, Sarah Reber

Although in-person college access programs can be effective, less is known about whether low-cost and scalable virtual interventions can achieve the same benefits. We evaluate two variants of a virtual college counseling program. Students randomly assigned to the program felt more supported applying to college and applied more broadly to four-year colleges, but were not more likely to be accepted or enroll. We analyze rich and extensive survey data to explore mechanisms and why the program did not improve college enrollment. We conclude that low-intensity programs may work for some students, but many probably need in-person and intensive help.

尽管面对面的大学入学计划可能是有效的,但人们对低成本和可扩展的虚拟干预是否能达到同样的效果知之甚少。我们评估了虚拟大学咨询项目的两种变体。被随机分配到这个项目的学生在申请大学时感觉得到了更多的支持,并更广泛地申请了四年制大学,但被录取或注册的可能性并不大。我们分析了丰富而广泛的调查数据,以探索机制和为什么该计划没有提高大学入学率。我们的结论是,低强度的课程可能对一些学生有效,但许多学生可能需要面对面和密集的帮助。
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American Economic Journal-Economic Policy
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