Questions tagged [empirical-evidence]

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Arguments against inheritance tax

One of the arguments against inheritance tax is that it lowers the incentive to work for those close to retirement who have earnt enough money to be comfortable in old age. How much is this offset ...
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177 views

Consumption-Leisure Elasticity

The macro-literature insists on a consumption-leisure elasticity of 0 to match the balanced growth fact of constant labor supply. Is there any paper that tries to evaluate this elasticity using ...
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58 views

Empirical evidence on what makes a border adjustment successful at correcting a distortion without exporting externalities?

One of the challenges of constructing a national or regional market-correction scheme to remove the distortions from negative externalities, is that such a scheme is liable to create leakage: for ...
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28 views

Estimates of magnitude of externalities generated by education?

It is standard to claim that education generates positive externalities. For example, Mankiw (2017, Principles of Economics, p. 193): education also yields positive externalities. One externality ...
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1answer
28 views

Is there any evidence for consumer utility-maximising behaviour, at individual or market level?

Even though utility maximisation is ubiquitous in economic textbooks to model consumer behaviour, its usefulness is rarely demonstrated by evidence. Is there any evidence that some consumers do ...
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40 views

Are there empirical studies that quantify shoe-leather or menu costs?

Two theoretical arguments why a high level of inflation is bad (e.g. for growth) are: shoe-leather cost: keeping lower money balances when inflation is high (implying more frequent trips to the bank/...
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34 views

Empirical Study of Auctions with Limited Data

I have limited real auction data which I am trying to see if I can do any empirical analysis. The data consists of auction type (i.e., forward or reverse), protocol (e.g., Vickrey, Dutch, English, etc....
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32 views

How can I find state-level data on the unemployment rate of youth for 2014 and 2015?

I have found state-level, monthly unemployment data for 2014/2015, and I have found national monthly youth unemployment data for 2014/2015. However, I need all four together; State-level, monthly ...
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103 views

Why might a country with a budget surplus continue issuing bonds - ie borrowing?

Some argue that if a government runs a budgetary deficit, it is a drag on the public finances because taxpayers must fund interest payments to external creditors. If the interest payments were an ...
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11 views

Is there empirical evidence that (sales or income) tax rates affects GDP growth?

We often hear in the media and from politicians that tax cuts stimulate economic growth. The theory would probably be that less taxes give people more money in theri pockets. With this money they ...
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17 views

How can the government or the institution classify the frim the price-fixing cartel with price-leadership model?

It really disturbs me that the dominance firm and the cartel quite hold a similar pattern of setting the price. ( in case of the cartel is not a monopoly ) When the government or the institution of ...