Sufficient statistics for welfare analysis: A bridge between structural and reduced-form methods
R Chetty - Annu. Rev. Econ., 2009 - annualreviews.org
The debate between structural and reduced-form approaches has generated substantial
controversy in applied economics. This article reviews a recent literature in public …
controversy in applied economics. This article reviews a recent literature in public …
The effects of unemployment insurance benefits: New evidence and interpretation
The Great Recession has renewed interest in unemployment insurance (UI) programs
around the world. At the same time, there have been important advances in both theory and …
around the world. At the same time, there have been important advances in both theory and …
The determinants and welfare implications of US workers' diverging location choices by skill: 1980–2000
R Diamond - American Economic Review, 2016 - aeaweb.org
From 1980 to 2000, the rise in the US college/high school graduate wage gap coincided
with increased geographic sorting as college graduates concentrated in high wage, high …
with increased geographic sorting as college graduates concentrated in high wage, high …
Underinvestment in a profitable technology: The case of seasonal migration in Bangladesh
Hunger during pre‐harvest lean seasons is widespread in the agrarian areas of Asia and
Sub‐Saharan Africa. We randomly assign an $8.50 incentive to households in rural …
Sub‐Saharan Africa. We randomly assign an $8.50 incentive to households in rural …
A model of the consumption response to fiscal stimulus payments
A wide body of empirical evidence finds that approximately 25 percent of fiscal stimulus
payments (eg, tax rebates) are spent on nondurable household consumption in the quarter …
payments (eg, tax rebates) are spent on nondurable household consumption in the quarter …
Consumer spending during unemployment: Positive and normative implications
Using de-identified bank account data, we show that spending drops sharply at the large
and predictable decrease in income arising from the exhaustion of unemployment insurance …
and predictable decrease in income arising from the exhaustion of unemployment insurance …
Moral hazard versus liquidity and optimal unemployment insurance
R Chetty - Journal of political Economy, 2008 - journals.uchicago.edu
This paper presents new evidence on why unemployment insurance (UI) benefits affect
search behavior and develops a simple method of calculating the welfare gains from UI …
search behavior and develops a simple method of calculating the welfare gains from UI …
The wealthy hand-to-mouth
G Kaplan, GL Violante, J Weidner - 2014 - nber.org
The wealthy hand-to-mouth are households who hold little or no liquid wealth (cash,
checking, and savings accounts), despite owning sizable amounts of illiquid assets (assets …
checking, and savings accounts), despite owning sizable amounts of illiquid assets (assets …
Consumption inequality and family labor supply
We examine the link between wage and consumption inequality using a life-cycle model
incorporating consumption and family labor supply decisions. We derive analytical …
incorporating consumption and family labor supply decisions. We derive analytical …
Rich pickings? Risk, return, and skill in household wealth
We investigate wealth returns on an administrative panel containing the disaggregated
balance sheets of Swedish residents. The expected return on household net wealth is …
balance sheets of Swedish residents. The expected return on household net wealth is …