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Name
Research Papers in Economics
Type
Thematic Repository
Items
734308 Publications
Compatibility
OpenAIRE Basic (DRIVER OA)
OAI-PMH
http://oai.repec.openlib.org/
More information
Detailed data provider information (OpenDOAR)

 

  • Small Price Responses to Large Demand Shocks

    We study the pricing response of U.S. supermarkets to large demand shocks triggered by labor conflicts, mass population relocation, and shopping sprees around major snowstorms and hurricanes. Our focus on demand shocks is novel in the empirical literature that uses large datasets of individual data to bridge micro price behavior and aggregate price dynamics. We find that large swings in demand have, at best, modest effects on the level of retail prices, consistent with flat short- to medium-t...

    Business cycles and financial crises: the roles of credit supply and demand shocks

    This paper explores the hypothesis that the sources of economic and financial crises differ from non-crisis business cycle fluctuations. We employ Markov-switching Bayesian vector autoregressions (MS-BVARs) to gather evidence about the hypothesis on a long annual U.S. sample running from 1890 to 2010. The sample covers several episodes useful for understanding U.S. economic and financial history, which generate variation in the data that aids in identifying credit supply and demand shocks. We...

    Personal Accounts and Family Retirement

    This paper constructs a model of retirement and saving by two earner couples. The model includes three dimensions of behavior: the joint determination of retirement and saving; heterogeneity in time preference; and the interdependence of retirement decisions of husbands and wives. Estimation is based on panel data from the Health and Retirement Study covering the period 1992 to 2000. When husbands postpone their retirement so they can retire together with their typically younger wives, the sp...

    MMA Attempts to Breathe Life into Troubled Markets 2004

    In recent years, private plan options for Medicare beneficiaries have eroded substantially, with severely limited or no choice in most communities. The Medicare Modernization Act of 2003 (MMA) increased payment rates to plans. Although these increases have yet to cause the number of plan choices to grow in the six communities this study tracks, there have been benefit improvements in some of them. This Operational Insights describes how current changes are affecting beneficiaries in these six...

    Incentives in the Public Sector: Some Preliminary Evidence from a UK Government Agency

    This paper evaluates the impact of a team-based incentive scheme piloted in the public sector agency, Jobcentre Plus. The way the scheme has been designed raises many questions for which theory makes predictions. We test these predictions against our data. We find that team size affects the impact of the incentive scheme upon performance. Moreover, while the measure of quantity increased in incentivised areas, no improvement was found for the two quality measures. This may reflect concerns re...
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