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The Moral Preferences of Investors : Experimental Evidence

Bonnefon, Jean-François; Landier, Augustin; Sastry, … - 2023

We characterize investors’ moral preferences in a parsimonious experimental setting, where we auction stocks with various ethical features. We find strong evidence that investors seek to align their investments with their social values (“value alignment”), and find no evidence of behavior...

Persistent link: https://www.econbiz.de/10014347086

The Effect of Safety Net Generosity on Maternal Mental Health and Risky Health Behaviors

Schmidt, Lucie; Shore-Sheppard, Lara D.; Watson, Tara - 2023

Single mothers are more likely to experience mental health problems and stress-related negative health behaviors, but a more generous safety net may improve these outcomes. We use a simulated safety net eligibility approach that accounts for interactions across safety net programs and relies on...

Persistent link: https://www.econbiz.de/10014347177

The Effects of Becoming a Physician on Prescription Drug Use and Mental Health Treatment

Anderson, D. Mark; Diris, Ron; Montizaan, Raymond; … - 2023

There is evidence that physicians disproportionately suffer from substance use disorder and mental health problems. It is not clear, however, whether these phenomena are causal. We use data on Dutch medical school applicants to examine the effects of becoming a physician on prescription drug use...

Persistent link: https://www.econbiz.de/10014347178

Minimax Risk and Uniform Convergence Rates for Nonparametric Dyadic Regression

Graham, Bryan S.; Niu, Fengshi; Powell, James - 2023

We study nonparametric regression in a setting where N(N-1) dyadic outcomes are observed for N randomly sampled units. Outcomes across dyads sharing a unit in common may be dependent (i.e., our dataset exhibits dyadic dependence). We present two sets of results. First, we calculate lower bounds...

Persistent link: https://www.econbiz.de/10014347179

The Returns to College(S) : Relative Value-Added and Match Effects in Higher Education

Mountjoy, Jack; Hickman, Brent - 2023

Students who attend different colleges in the U.S. end up with vastly different economic outcomes. We study the role of relative value-added across colleges within student choice sets in producing these outcome disparities. Linking high school, college, and earnings registries spanning the state...

Persistent link: https://www.econbiz.de/10014347229

The Other Great Migration : Southern Whites and the New Right

Bazzi, Samuel; Ferrara, Andreas; Fiszbein, Martín; … - 2023

This paper shows how the migration of millions of Southern whites in the 20th century shaped the cultural and political landscape across America. Racially and religiously conservative, Southern white migrants created new electoral possibilities for a broad-based coalition with economic...

Persistent link: https://www.econbiz.de/10014347406

Recreational Marijuana Laws and the Use of Opioids : Evidence from Nsduh Microdata

Ali, Mir M.; McCellan, Chandler B; Mutter, Ryan; Rees, … - 2023

Recent studies have concluded that state laws legalizing medical marijuana can reduce deaths from opioid overdoses. Using data from the National Survey on Drug Use and Health, a survey uniquely suited to assessing drug misuse, we examine the relationship between recreational marijuana laws...

Persistent link: https://www.econbiz.de/10014347501

Demand Estimation with Infrequent Purchases and Small Market Sizes

Hortaçsu, Ali; Natan, Olivia; Parsley, Hayden; … - 2023

We propose a demand estimation method that allows for a large number of zero sale observations, rich unobserved heterogeneity, and endogenous prices. We do so by modeling small market sizes through Poisson arrivals. Each of these arriving consumers solves a standard discrete choice problem. We...

Persistent link: https://www.econbiz.de/10014347516

Fatal Errors : The Mortality Value of Accurate Weather Forecasts

Shrader, Jeffrey; Bakkensen, Laura; Lemoine, Derek - 2023

We provide the first revealed preference estimates of the benefits of routine weather forecasts. The benefits come from how people use advance information to reduce mortality from heat and cold. Theoretically, more accurate forecasts reduce mortality if and only if mortality risk is convex in...

Persistent link: https://www.econbiz.de/10014347542

Racial Discrimination and the Social Contract : Evidence from U.S. Army Enlistment During Wwii

Qian, Nancy; Tabellini, Marco - 2023

This paper documents several new facts about the relationship between discrimination and political exclusion and the motivation to fight in wartime. The Pearl Harbor attack triggered a sharp increase in volunteer enlistment rates of American men, the magnitude of the increase was smaller for...

Persistent link: https://www.econbiz.de/10014347551