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Does the Mortality Decline Promote Economic Growth?
Malthus Survival Probability Fertility Education Population Growth
2015/9/21
This paper analyzes qualitatively and quantitatively the effects of declining mortality
rates on fertility, education and economic growth. The analysis demonstrates that if
individuals are pru...
The Political Economy of Discretionary Spending: Evidence from the American Recovery and Reinvestment Act
Political Economy American Recovery
2015/9/21
We study the spatial allocation of expenditures in the American
Recovery and Reinvestment Act (ARRA), one of the largest discretionary
funding bills in the history of the United States. Contrary
to...
Whether and how Occupy
Wall Street (OWS) persists
are wide open questions.
Nonetheless, it has given
the income distribution
its “moment in the sun.” In a lip comment in
2008, I suggested to a L...
Gambling at Lucky Stores: Evidence from State Lottery Sales
State Lottery Sales Lucky Stores
2015/9/21
In this paper we show that the week following the sale of a large-prize winning ticket, the
winning store experiences a 12 to 38 percent relative sales increase for the winning lotto game.
We find t...
Socioeconomic Disadvantage and Early Childbearing
Socioeconomic Disadvantage Early Childbearing
2015/9/21
This paper was prepared for the conference meeting “An Economics Perspective on the
Problems of Disadvantaged Youth.” The authors thank conference participants for very helpful
comments and Dubravka...
This paper investigates two central issues regarding state lotteries. First, analyses of multiple sources of
micro-level data demonstrate that household lottery spending is financed primarily by a re...
In 1935, the National Bureau of Economic Research invited a consortium of universities to join with it in establishing a “program of
cooperative research” in the area of economic measurement. The
Co...
Fiscal Rules From A Political Economy Perspective
Fiscal Rules Political Economy Perspective
2015/9/18
Persistent deficits, implying secular growth of debt, have led many to argue that fiscal rules may play an important role in helping reduce or eliminate deficits and help control the growth of governm...
Conditionality and Ownership in IMF Lending:A Political Economy Approach
IMF Foreign Aid Conditionality Ownership
2015/9/18
The relation between IMF conditionality and country ownership of assistance programs is considered from a political economy perspective, focusing on the question of why conditionality is needed if it ...
Towards a Political-Economic Theory of Domestic Debt
Political-Economic Theory Domestic Debt
2015/9/18
There is a large literature on why countries choose to issue debt rather than financing expenditures by current taxation. If Ricardian Equivalence holds and taxes are non-distortionary,then it doesn’t...
This raises an interesting question. Should
lives saved in the future be discounted for
the purpose of calculating CPLS, or should
they be counted the same as those saved
tomorrow? To shed light o...
Concerns about nutrient pollution in the Chesapeake Bay have led to the establishment of
pollution limits—total maximum daily loads (TMDLs)—which, by 2025, are expected to reduce nitrogen
loadings t...
Valuing Mortality Risk Reductions: Progress and Challenges
Progress and Challenges Risk Reductions
2015/9/18
Hammitt thanks the Institut National de Recherche Agronomique and the European Research Council
(FP7/2007-2013 grant agreement no. 230589) for financial support. The views expressed herein are
those...
In developing countries, health care is often publicly provided and subsidized
by the government. This is sometimes used as an instrument to redistribute
income and to assure that the poor receive a...
Determining Benefits and Costs for Future Generations
Future Generations return on investment
2015/9/18
The investment approach
says that, as long as the rate
of return to investment is
positive, we need to invest less than a dollar today to obtain a dollar of benefi ts in the
future. Under the inve...