Now showing items 1-20 of 33

    • Active vs. Passive Decisions and Crowd-Out in Retirement Savings Accounts: Evidence from Denmark 

      Chetty, Nadarajan; Friedman, John; Leth-Petersen, Søren; Nielsen, Torben Heien; Olsen, Tore (Oxford University Press (OUP), 2014)
      Using 41 million observations on savings for the population of Denmark, we show that the effects of retirement savings policies on wealth accumulation depend on whether they change savings rates by active or passive choice. ...
    • Adjustment Costs, Firm Responses, and Micro vs. Macro Labor Supply Elasticities: Evidence from Danish Tax Records 

      Chetty, Raj; Friedman, John Norton; Olsen, Tore; Pistaferri, Luigi (MIT Press, 2011)
      We show that the effects of taxes on labor supply are shaped by interactions between adjustment costs for workers and hours constraints set by firms. We develop a model in which firms post job offers characterized by an ...
    • Are Micro and Macro Labor Supply Elasticities Consistent? A Review of Evidence on the Intensive and Extensive Margins 

      Chetty, Nadarajan; Guren, Adam Michael; Day, Manoli; Weber, Andrea (The American Economic Association, 2011)
      We evaluate whether state-of-the-art macro models featuring indivisible labor are consistent with modern quasi-experimental micro evidence by synthesizing evidence on both the intensive and extensive margins. We find that ...
    • Behavioral Economics and Public Policy: A Pragmatic Perspective 

      Chetty, Nadarajan (American Economic Association, 2015)
      The debate about behavioral economics – the incorporation of insights from psychology into economics – is often framed as a question about the foundational assumptions of economic models. This paper presents a more pragmatic ...
    • Bounds on Elasticities With Optimization Frictions: A Synthesis of Micro and Macro Evidence on Labor Supply 

      Chetty, Nadarajan (Blackwell Publishing Limited, 2012)
      How can price elasticities be identified when agents face optimization frictions such as adjustment costs or inattention? I derive bounds on structural price elasticities that are a function of the observed effect of a ...
    • Dividend and Corporate Taxation in an Agency Model of the Firm 

      Chetty, Raj; Saez, Emmanuel (American Economic Association, 2010)
      Recent evidence on the effect of dividend taxes on firm behavior is inconsistent with neoclassical theories of dividend and corporate taxation. We develop a simple agency model in which managers and shareholders have ...
    • Does Indivisible Labor Explain the Difference between Micro and Macro Elasticities? A Meta-Analysis of Extensive Margin Elasticities 

      Chetty, Nadarajan; Guren, Adam; Manoli, Day; Weber, Andrea (University of Chicago Press, 2013)
      Macroeconomic calibrations imply much larger labor supply elasticities than microeconometric studies. One prominent explanation for this divergence is that indivisible labor generates extensive margin responses that are ...
    • The Effects of Exposure to Better Neighborhoods on Children: New Evidence from the Moving to Opportunity Experiment 

      Chetty, Raj; Hendren, Nathaniel; Katz, Lawrence F. (American Economic Association, 2016)
      The Moving to Opportunity (MTO) experiment offered randomly selected families housing vouchers to move from high-poverty housing projects to lower-poverty neighborhoods. We analyze MTO's impacts on children's long-term ...
    • Essays in Energy Economics and Entrepreneurial Finance 

      Howell, Sabrina T. (2015-05-11)
      When does government intervention successfully correct perceived market failures? What effects do such interventions have on firm decisions? These questions are especially vital to the energy sector, which features large ...
    • Essays in Labor and Public Economics 

      Jäger, Simon (2016-05-17)
      This dissertation consists of three independent essays in labor and public economics. Chapter 1 presents evidence on how exogenous worker exits affect a firm’s demand for incumbent workers and new hires. Using matched ...
    • Essays in Public and Labor Economics 

      Zverina, Clara Monika (2014-06-06)
      This dissertation comprises three chapters. The first chapter estimates the crowd-out effect of Social Security on private retirement saving. In a quasi-experimental research design, I analyze the effect of the 1990 federal ...
    • Essays in Public Finance 

      Bruich, Gregory Alan (2015-05-15)
      My dissertation consists of three chapters on topics in public finance. Chapter 1 studies optimal disability insurance (DI) in two parts. In the first part, I show that the well-established result that DI reduces labor ...
    • Essays in Public Finance and Development Economics 

      Naritomi, Joana (2014-06-06)
      This dissertation comprises three chapters. The first chapter investigates whether consumers can help governments improve firm compliance with the Value Added Tax. It exploits quasi-experimental variation from a government ...
    • Essays in the Economics of Innovation 

      Jaravel, Xavier (2016-05-10)
      This dissertation examines the social and economic processes that generate innovation and distribute its rewards in society, in the context of the United States over the past twenty years. Chapters 1 and 4 investigate the ...
    • Essays in US Fiscal Policy 

      Mahon, James (2015-04-20)
      This dissertation presents three chapters about US tax and spending policy. The first chapter investigates the take-up of a tax refund for corporate losses. We find that few firms claim the refund despite that it dominates ...
    • Essays on Inequality and Market Failure 

      Hilger, Nathaniel Green (2013-09-30)
      This dissertation comprises three chapters. The first chapter develops a research design to estimate the causal effect of parental layoffs and income during adolescence on children's college outcomes, and implements this ...
    • Essays on Retirement, Savings and Health 

      Fadlon, Yizhak (2015-05-05)
      As life expectancy rises and the workforce around the developed world ages, questions about retirement, savings, and health are becoming increasingly important. Are households saving enough for retirement? What is the role ...
    • Essays on Unemployment and Labor Supply 

      Nekoei, Arash (2014-06-06)
      Contrary to the predictions of standard reservation-wage search models, empirical studies consistently find that an extension of UI increases unemployment duration \textit{without} improving subsequent wages. Chapter 1 ...
    • The Financial Channel of Wage Rigidity 

      Schoefer, Benjamin (2015-05-21)
      Why do firms cut hiring so sharply in recessions? This dissertation explores two answers. Chapters 1 and 2 propose a financial channel of wage rigidity, whereby wage rigidity among incumbent workers forces firms to reduce ...
    • How Does Your Kindergarten Classroom Affect Your Earnings? Evidence from Project Star 

      Chetty, Raj; Friedman, John Norton; Hilger, Nathanial; Saez, Emmanuel; Schanzenbach, Dianne Whitmore; Yagan, Danny (MIT Press, 2011)
      In Project STAR, 11,571 students in Tennessee and their teachers were randomly assigned to classrooms within their schools from kindergarten to third grade. This article evaluates the long-term impacts of STAR by linking ...