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Full-Text Articles in Public Economics

Can Price Controls Be Optimal? The Economics Of The Energy Shock In Germany, Tom Krebs, Isabella M. Weber Jan 2024

Can Price Controls Be Optimal? The Economics Of The Energy Shock In Germany, Tom Krebs, Isabella M. Weber

Economics Department Working Paper Series

In the wake of the global energy crisis, many European countries used energy price controls to fight inflation and to stabilize the economy. Despite its wide adoption, many economists remained skepti- cal. In this paper, we argue that price controls should be part of the policy toolbox to respond to shocks to systemically important sectors because not using them can have large economic and polit- ical costs. We put forward our arguments in two steps. In a first step, we analyze the impact on the German economy and society of the global energy crisis that followed Russia’s attack on Ukraine …


Unequal Gradients: Sex, Skin Tone, And Intergenerational Economic Mobility, Luis Monroy-Gómez-Franco, Roberto Vélez-Grajales, Gastón Yalonetzky Jan 2023

Unequal Gradients: Sex, Skin Tone, And Intergenerational Economic Mobility, Luis Monroy-Gómez-Franco, Roberto Vélez-Grajales, Gastón Yalonetzky

Economics Department Working Paper Series

We study how the intersection between skin tone and sex shapes intergenerational mobility of economic resources in Mexico. Using two recent social mobility surveys, we estimate the rank persistence and transition matrices by sex combined with skin tone groups. First, we find no differences in intergenerational mobility patterns between light-skin men and women. Second, the colorist mobility pattern observed in previous literature affects men and women differently. Namely, while women of intermediate and dark-skin tonalities have a lower expected rank than their light-skin peers, only men of the darkest tonalities suffer from the same penalization. Thirdly, women of intermediate and …


The State-Constituted Market Economy: A Conceptual Framework For China’S State–Market Relations, Isabella Weber, Hao Qi Jan 2022

The State-Constituted Market Economy: A Conceptual Framework For China’S State–Market Relations, Isabella Weber, Hao Qi

Economics Department Working Paper Series

Scholars increasingly conclude that China has created a distinct economic system. Yet despite a growing literature with valuable contributions on the institutional arrangements under ‘capitalism with Chinese characteristics’, the economic mechanisms underpinning China’s state–market relations remain undertheorised. In this paper we develop a conceptual framework of what we call China’s state-constituted market economy. We argue that the Chinese state ‘constitutes’ the market economy by not only creating new markets through industrial and innovation policies, but by continuously participating and steering markets for essentials in order to stabilise and guide the economy as a whole. Essential is thereby defined as ‘systemically …


Complexity, Diversity And Integration: Evidence From Recent Us Immigration, Noé Wiener Jan 2022

Complexity, Diversity And Integration: Evidence From Recent Us Immigration, Noé Wiener

Economics Department Working Paper Series

This article proposes alternative measures of immigrant integration founded in information theory. By considering differences in the heterogeneity of outcomes between immigrants and natives, the proposed measures provide robust and non-parametric estimates of the extent to which cohorts remain defined by their national origin. Integration is furthermore premised on equality in the association between economic characteristics and incomes, so that other factors can begin to shape outcomes for im-migrants and natives alike. Results for successive immigrant cohorts in the post-war era are presented using Census income data for the United States. The speed by which the mark of migration on …


An Empirical Investigation Of Real Farm Incomes Across Indian States Between 1987-88 And 2011-12, Deepankar Basu, Kartik Misra Jan 2022

An Empirical Investigation Of Real Farm Incomes Across Indian States Between 1987-88 And 2011-12, Deepankar Basu, Kartik Misra

Economics Department Working Paper Series

Using unit-level data from various rounds of the Employment and Unemployment Survey of the National Sample Survey Organisation, we present the first consistent time series of average real farm income per cultivator for 18 major Indian states for 1987-88, 1993-94, 1999-00, 2004-05, 2007-08, 2009-10, and 2011-12. Using this data, we study two sets of issues. First, how did real farm income evolve across these 18 Indian states? Which states have high levels and growth rates of real farm incomes? Is there any evidence for convergence of real farm incomes across Indian states? We find evidence for unconditional convergence, which suggests …


The Impact Of Ride-Hailing Services On Public Transportation Use: A Discontinuity Regression Analysis, Nicole Sadowsky, Erik Nelson May 2017

The Impact Of Ride-Hailing Services On Public Transportation Use: A Discontinuity Regression Analysis, Nicole Sadowsky, Erik Nelson

Economics Department Working Paper Series

Since 2011, the private ride-hailing companies Uber and Lyft have expanded into more and more US cities. We use regression discontinuity design to examine the impact of Uber and Lyft’s entry on public transportation use in the US’ largest urban areas. In most cases, entry into cities by the two ride-hailing companies was staggered: Uber entered first followed some months later by Lyft. We find that public transportation use increased in an urban area, all else equal, immediately following the first entry. However, we find that the spike in public transportation use after first entry disappeared following the entry of …