{"title":"Report of the Committee on Government Relations","authors":"","doi":"10.1257/pandp.113.786","DOIUrl":"https://doi.org/10.1257/pandp.113.786","url":null,"abstract":"","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135145809","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Front Matter","authors":"","doi":"10.1257/pandp.113.i","DOIUrl":"https://doi.org/10.1257/pandp.113.i","url":null,"abstract":"","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135145695","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We provide a simple framework connecting the distribution of excess savings across households to the dynamics of aggregate demand. Deficit-financed fiscal transfers generate excess savings. The poorest households with the highest marginal propensities to consume (MPCs) spend down their excess savings the fastest, increasing other households' incomes and their excess savings. This leads to a long-lasting increase in aggregate demand until, ultimately, excess savings have “trickled up” to the richest savers with the lowest MPCs, raising wealth inequality.
{"title":"The Trickling Up of Excess Savings","authors":"Adrien Auclert, Matthew Rognlie, Ludwig Straub","doi":"10.1257/pandp.20231027","DOIUrl":"https://doi.org/10.1257/pandp.20231027","url":null,"abstract":"We provide a simple framework connecting the distribution of excess savings across households to the dynamics of aggregate demand. Deficit-financed fiscal transfers generate excess savings. The poorest households with the highest marginal propensities to consume (MPCs) spend down their excess savings the fastest, increasing other households' incomes and their excess savings. This leads to a long-lasting increase in aggregate demand until, ultimately, excess savings have “trickled up” to the richest savers with the lowest MPCs, raising wealth inequality.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"149 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135145703","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Traditional models of policy formation emphasize how political attitudes and actions affect policy outcomes. However, the converse may occur–policies are often a signal to constituents about the priorities and positions of both political actors and the government more broadly. I use the Supreme Court's decision in Bostock v. Clayton County to find broadbased improvements in attitudes toward LGBT people. Additionally, I find that my effect is almost entirely driven by men. These findings support a legitimization model of attitude effects. However, the distinct effects by gender suggest that gendered determinants of attitudes toward LGBT people may differ significantly.
{"title":"Heterogeneity in Attitude Responses: Evidence from Bostock v. Clayton County","authors":"Cameron Deal","doi":"10.1257/pandp.20231055","DOIUrl":"https://doi.org/10.1257/pandp.20231055","url":null,"abstract":"Traditional models of policy formation emphasize how political attitudes and actions affect policy outcomes. However, the converse may occur–policies are often a signal to constituents about the priorities and positions of both political actors and the government more broadly. I use the Supreme Court's decision in Bostock v. Clayton County to find broadbased improvements in attitudes toward LGBT people. Additionally, I find that my effect is almost entirely driven by men. These findings support a legitimization model of attitude effects. However, the distinct effects by gender suggest that gendered determinants of attitudes toward LGBT people may differ significantly.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"91 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"72824989","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Report of the Editor, Journal of Economic Perspectives","authors":"","doi":"10.1257/pandp.113.733","DOIUrl":"https://doi.org/10.1257/pandp.113.733","url":null,"abstract":"","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"207 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74580475","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Annalisa Ferrando, P. Mcadam, Filippos Petroulakis, X. Vives
Monetary policy aims to affect corporate borrowing by influencing the marginal costs of firms, but its potency can be conditioned by the degree of market competition. We first identify conditions under which changes in marginal costs have different effects on credit constraints and output under different competitive environments, in a simple Cournot competition setting. We then exploit a monetary policy easing shock in the euro area to examine whether policy pass-through is conditioned by market structure. We show that small firms within less concentrated sectors experienced a larger reduction in credit constraints than similar firms in more concentrated sectors.
{"title":"Monetary Policy, Market Power, and SMEs","authors":"Annalisa Ferrando, P. Mcadam, Filippos Petroulakis, X. Vives","doi":"10.1257/pandp.20231006","DOIUrl":"https://doi.org/10.1257/pandp.20231006","url":null,"abstract":"Monetary policy aims to affect corporate borrowing by influencing the marginal costs of firms, but its potency can be conditioned by the degree of market competition. We first identify conditions under which changes in marginal costs have different effects on credit constraints and output under different competitive environments, in a simple Cournot competition setting. We then exploit a monetary policy easing shock in the euro area to examine whether policy pass-through is conditioned by market structure. We show that small firms within less concentrated sectors experienced a larger reduction in credit constraints than similar firms in more concentrated sectors.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"6 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84172731","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Report of the AEA Ombudsperson","authors":"","doi":"10.1257/pandp.111.803","DOIUrl":"https://doi.org/10.1257/pandp.111.803","url":null,"abstract":"","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"13 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85176856","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
In this paper, we compare patterns of family care provided to children and to adults, and discuss what these patterns suggest about how individuals make decisions over, and ultimately value, such care. We show that patterns of informal adult care do not resemble patterns of informal childcare along three important dimensions: caregiver age, caregiver education, and the response of caregiving to macroeconomic conditions. The finding that childcare and adult care are economically distinct suggest that policies, like paid family leave, that support caregivers should more carefully consider these differences.
{"title":"Is All Caregiving Created Equal? A Comparison of Caregiving to Children and Adults","authors":"Corina D Mommaerts, Yulya Truskinovsky","doi":"10.1257/pandp.20231107","DOIUrl":"https://doi.org/10.1257/pandp.20231107","url":null,"abstract":"In this paper, we compare patterns of family care provided to children and to adults, and discuss what these patterns suggest about how individuals make decisions over, and ultimately value, such care. We show that patterns of informal adult care do not resemble patterns of informal childcare along three important dimensions: caregiver age, caregiver education, and the response of caregiving to macroeconomic conditions. The finding that childcare and adult care are economically distinct suggest that policies, like paid family leave, that support caregivers should more carefully consider these differences.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"9 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81674060","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Elisa Guglielminetti, M. Loberto, G. Zevi, R. Zizza
We quantify the impact of work from home (WFH) on housing demand by leveraging a unique dataset of online housing sales advertisements in Italy and considering intensity in the adoption of WFH. By exploiting both the time series and the geographical variation in WFH adoption after the outbreak of the COVID-19 pandemic, we estimate that intensive WFH is the main driver of a significant recomposition of housing demand toward larger, single-family properties with outdoor spaces. This suggests that hybrid working arrangements involving a sizable amount of home-office work may have long-lasting consequences on housing markets and the organization of cities.
{"title":"How Work from Home Changes Housing Demand: Evidence from Online Search","authors":"Elisa Guglielminetti, M. Loberto, G. Zevi, R. Zizza","doi":"10.1257/pandp.20231015","DOIUrl":"https://doi.org/10.1257/pandp.20231015","url":null,"abstract":"We quantify the impact of work from home (WFH) on housing demand by leveraging a unique dataset of online housing sales advertisements in Italy and considering intensity in the adoption of WFH. By exploiting both the time series and the geographical variation in WFH adoption after the outbreak of the COVID-19 pandemic, we estimate that intensive WFH is the main driver of a significant recomposition of housing demand toward larger, single-family properties with outdoor spaces. This suggests that hybrid working arrangements involving a sizable amount of home-office work may have long-lasting consequences on housing markets and the organization of cities.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"14 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81906069","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
We examine the demand-side implications of Amazon's distribution and logistics investments. Our results indicate that online demand–transactions at Amazon and its competitors–does not respond to the consumer's proximity to Amazon's upstream fulfillment distribution facilities, suggesting that their densification did not differentially improve local shipping times and on-time delivery. Instead, we find that investments in last-mile delivery facilities and services allow the company to improve shipping times more directly in the urban markets served by these facilities, simultaneously increasing demand through the rollout of same-day service options and reducing the visits to traditional brick-and-mortar retail.
{"title":"The Impact of Distance in Retail Markets","authors":"D. Edgel, J. Houde, Peter Newberry, Katja Seim","doi":"10.1257/pandp.20231066","DOIUrl":"https://doi.org/10.1257/pandp.20231066","url":null,"abstract":"We examine the demand-side implications of Amazon's distribution and logistics investments. Our results indicate that online demand–transactions at Amazon and its competitors–does not respond to the consumer's proximity to Amazon's upstream fulfillment distribution facilities, suggesting that their densification did not differentially improve local shipping times and on-time delivery. Instead, we find that investments in last-mile delivery facilities and services allow the company to improve shipping times more directly in the urban markets served by these facilities, simultaneously increasing demand through the rollout of same-day service options and reducing the visits to traditional brick-and-mortar retail.","PeriodicalId":72114,"journal":{"name":"AEA papers and proceedings. American Economic Association","volume":"23 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-05-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"85372076","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：