AbstractWe study how homeowners’ consumption responds to a negative and anticipated disposable income shock: the beginning of the amortization period on interest-only mortgages. We identify spending behavior through an event study approach, by matching…
AbstractBiofuels offer one approach for reducing carbon emissions. However, the necessary agricultural expansion may endanger tropical forests. I use a dynamic model of land use to disentangle the roles of acreage and yields in the supply of sugarcane …
AbstractWe estimate the effects of student loan access on educational attainment and labor market returns in New Zealand. We exploit the introduction of a national policy mandating a 50% pass rate for student loan renewals using a regression discontinu…
AbstractWe use novel survey data to study firms’ inventory contracts. We document facts about the usage of purchase and sale contracts. We find that firms purchase and sell inventory through three contractual arrangements: fixed price and quantity, fix…
AbstractWe introduce two empirical strategies harnessing the randomness in school assignment mechanisms to measure school value-added. The first estimator controls for the probability of school assignment, treating take-up as ignorable. We test this as…
AbstractIf overcrowding harms health care quality, the impacts of encouraging more people to use services are not obvious. Impacts will depend on whether marginal entrants benefit and whether they benefit enough to offset the congestion externalities i…
AbstractWe provide novel estimates of the location, timing, magnitude, and determinants of the start of the previous U.S. housing boom. The housing cycle cannot be interpreted as a single, national event, as different markets began to boom across a dec…
AbstractBeing born in a hospital versus having a traditional birth attendant at home represents the most common early life policy change worldwide. By applying a difference-in-differences approach to register-based individual-level data on the total po…
AbstractThis paper studies the role of the U.S. pipeline infrastructure in the country’s transition from coal to natural gas energy. I leverage the Environmental Protection Agency’s Mercury and Air Toxics Standards as a plausibly exogenous intervention…
AbstractWe examine how preplay communication and clustering affect play in a challenging hybrid experimental game on networks. Free-form chat is impressively effective in achieving the nonequilibrium efficient outcome, but restricted communication has …