Showing 1 - 10 of 19
This study tests the degree to which payday and title lenders differentiate their store location and interest rates based on the socioeconomic characteristics of the areas in which they operate. We use store-level lender data, geographically matched IRS income data, and Census Bureau demographic...
Persistent link: https://www.econbiz.de/10011273934
I analyze the effects of network structure, in particular network centrality, on vulnerability disclosure policy. My analysis finds that the structure of the network of households can greatly effect the overall welfare of the economy. Specifically, I find that the distribution of the centrality...
Persistent link: https://www.econbiz.de/10011273944
Fiscal sustainability is one of the most pressing policy issues of our time. Yet it remains difficult to quantify. Official debt is plagued with a number of measurement difficulties since its measurement reflects the choice of words, not policies. And forming the fiscal gap-the imbalance in the...
Persistent link: https://www.econbiz.de/10011188530
We characterize and demonstrate a solution method for an optimal commodity (sales) tax problem consisting of multiple goods, heterogeneous agents, and a nonconvex policy maker optimization problem. Our approach allows for more dimensions of heterogeneity than has been previously possible,...
Persistent link: https://www.econbiz.de/10010774295
This paper proposes a channel through which increased openness to international trade can increase a country’s long-run incentive to create inflation. The theoretical justification for this channel is the well known “beggar thy neighbor” incentive, and its dominance relies on a monetary...
Persistent link: https://www.econbiz.de/10011065333
The overlapping generations (OLG) model is an important framework for analyzing any type of question in which age cohorts are affected differently by exogenous shocks. However, as the dimensions and degree of heterogeneity in these models increase, the computational burden imposed by rational...
Persistent link: https://www.econbiz.de/10008531931
For years, anecdotal evidence has suggested increased fertility rates resulting from catastrophic events in an area. In this paper, we measure this fertility effect using storm advisory data and fertility data for the Atlantic and Gulf Coast counties of the United States. We find that...
Persistent link: https://www.econbiz.de/10005703190
Persistent link: https://www.econbiz.de/10009401272
Much empirical work has documented a negative correlation between different measures of globalization or openness and inflation levels across countries and across time. However, there is much less work exploring this relationship through structural international models based on explicit...
Persistent link: https://www.econbiz.de/10005367952
Utility functions that are additively-separable in goods consumption and leisure are often used in dynamic stochastic general equilibrium (DSGE) models. This paper illustrates how the use of an elliptical functional form for the utility of leisure can be substituted for the more common constant...
Persistent link: https://www.econbiz.de/10011273935