| 1. |
- Spiro, Daniel, et al.
(författare)
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Six Policy Ideas for Coping with the COVID-19 Pandemic
- 2020
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Annan publikation (populärvet., debatt m.m.)abstract
- This white paper contains six policy ideas that may help countries in coping with theCOVID-19 pandemic. The paper focuses on policies that can slow down the spread of the disease, better protect high-risk groups and leverage that a large part of the labor force is idle. For each policy idea, we describe the problem it is meant to solve, what may be leveraged to solve it, and a brief analysis of benefits and risks.
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| 2. |
- Lindqvist, Erik, et al.
(författare)
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Identity and redistribution
- 2013
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Ingår i: Public Choice. - : Springer Science and Business Media LLC. - 0048-5829 .- 1573-7101. ; 155:3-4, s. 469-491
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Tidskriftsartikel (refereegranskat)abstract
- This paper models the interaction between individuals' identity choices and redistribution. Both redistributive policies and identity choices are endogenous, and there might be multiple equilibria. The model is applied to ethnicity and social class. In an equilibrium with high taxes, the poor identify as poor and favor high taxes. In an equilibrium with low taxes, at least some of the poor identify with their ethnic group and favor low taxes. The model predicts that redistribution is highest when society is ethnically homogeneous, but the effect of ethnic diversity on redistribution is not necessarily monotonic.
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| 3. |
- Briggs, Joseph, et al.
(författare)
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Windfall gains and stock market participation
- 2021
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Ingår i: Journal of Financial Economics. - : Elsevier BV. - 0304-405X .- 1879-2774. ; 139:1, s. 57-83
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Tidskriftsartikel (refereegranskat)abstract
- We exploit the randomized assignment of lottery prizes in a large administrative Swedish data set to estimate the causal effect of wealth on stock market participation. A $150,00 0 windfall gain increases the stock market participation probability by 12 percentage points among prelottery nonparticipants but has no discernible effect on prelottery stock owners. A structural life cycle model significantly overpredicts entry rates even for very high entry costs (up to $31,0 00). Additional analyses implicate pessimistic beliefs regarding equity returns as a major source of this overprediction and suggest that both recent and early-life return realizations affect beliefs.
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| 4. |
- Ellingsen, Tore, et al.
(författare)
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When Does Communication Improve Coordination?
- 2010
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Ingår i: The American Economic Review. - : American Economic Association. - 0002-8282 .- 1944-7981. ; 100:4, s. 1695-1724
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Tidskriftsartikel (refereegranskat)abstract
- We study costless pre-play communication of intentions among inexperienced players. Using the level-k model of strategic thinking to describe players' beliefs, we fully characterize the effects of preplay communication in symmetric 2 x 2 games. One-way communication weakly increases coordination on Nash equilibrium outcomes, although average payoffs sometimes decrease. Two-way communication further improves payoffs in some games but is detrimental in others. Moving beyond the class of symmetric 2 x 2 games, we find that communication facilitates coordination in common interest games with positive spillovers and strategic complementarities, but there are also games in which any type of communication hampers coordination.
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| 5. |
- Cesarini, David, et al.
(författare)
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The Effect of Wealth on Individual and Household Labor Supply : Evidence from Swedish Lotteries
- 2017
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Ingår i: The American Economic Review. - : American Economic Association. - 0002-8282 .- 1944-7981. ; 107:12, s. 3917-3946
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Tidskriftsartikel (refereegranskat)abstract
- We study the effect of wealth on labor supply using the randomized assignment of monetary prizes in a large sample of Swedish lottery players. Winning a lottery prize modestly reduces earnings, with the reduction being immediate, persistent, and quite similar by age, education, and sex. A calibrated dynamic model implies lifetime marginal propensities to earn out of unearned income from -0.17 at age 20 to -0.04 at age 60, and labor supply elasticities in the lower range of previously reported estimates. The earnings response is stronger for winners than their spouses, which is inconsistent with unitary household labor supply models.
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| 6. |
- Cesarini, David, et al.
(författare)
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WEALTH, HEALTH, AND CHILD DEVELOPMENT : EVIDENCE FROM ADMINISTRATIVE DATA ON SWEDISH LOTTERY PLAYERS
- 2016
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Ingår i: Quarterly Journal of Economics. - : Oxford University Press (OUP). - 0033-5533 .- 1531-4650. ; 131:2, s. 687-738
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Tidskriftsartikel (refereegranskat)abstract
- We use administrative data on Swedish lottery players to estimate the causal impact of substantial wealth shocks on players' own health and their children's health and developmental outcomes. Our estimation sample is large, virtually free of attrition, and allows us to control for the factors conditional on which the prizes were randomly assigned. In adults, we find no evidence that wealth impacts mortality or health care utilization, with the possible exception of a small reduction in the consumption of mental health drugs. Our estimates allow us to rule out effects on 10-year mortality one sixth as large as the cross-sectional wealth-mortality gradient. In our intergenerational analyses, we find that wealth increases children's health care utilization in the years following the lottery and may also reduce obesity risk. The effects on most other child outcomes, including drug consumption, scholastic performance, and skills, can usually be bounded to a tight interval around zero. Overall, our findings suggest that in affluent countries with extensive social safety nets, causal effects of wealth are not a major source of the wealth-mortality gradients, nor of the observed relationships between child developmental outcomes and household income.
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| 7. |
- Ellingsen, Tore, et al.
(författare)
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How does communication affect beliefs in one-shot games with complete information?
- 2018
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Ingår i: Games and Economic Behavior. - : Elsevier BV. - 0899-8256 .- 1090-2473. ; 107, s. 153-181
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Tidskriftsartikel (refereegranskat)abstract
- This paper experimentally studies unilateral communication of intentions in eight different two-player one-shot normal form games with complete information. We find that communication is used both to coordinate and to deceive, and that messages have a significant impact on beliefs and behavior even in dominance solvable games. Nash equilibrium and cognitive hierarchy jointly account for many regularities, but not all of the evidence. Sophisticated sender behavior is especially difficult to reconcile with existing models.
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| 8. |
- Lindqvist, Erik, et al.
(författare)
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Long-run Effects of Lottery Wealth on Psychological Well-being
- 2020
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Ingår i: The Review of Economic Studies. - : Oxford University Press (OUP). - 0034-6527 .- 1467-937X. ; 87:6, s. 2703-2726
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Tidskriftsartikel (refereegranskat)abstract
- We surveyed a large sample of Swedish lottery players about their psychological well-being 5–22 years after a major lottery event and analysed the data following pre-registered procedures. Relative to matched controls, large-prize winners experience sustained increases in overall life satisfaction that persist for over a decade and show no evidence of dissipating over time. The estimated treatment effects on happiness and mental health are significantly smaller. Follow-up analyses of domain-specific aspects of life satisfaction implicate financial life satisfaction as an important mediator for the long-run increase in overall life satisfaction.
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| 9. |
- Gärtner, Manja, et al.
(författare)
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Do we all coordinate in the long run?
- 2023
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Ingår i: Journal of the Economic Science Association (JESA). - : Springer Science and Business Media LLC. - 2199-6776 .- 2199-6784. ; 9:1, s. 16-33
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Tidskriftsartikel (refereegranskat)abstract
- Players often fail to coordinate on the efficient equilibrium in laboratory weak-link coordination games. In this paper, we investigate whether such coordination failures can be mitigated by increasing the number of rounds or altering per-period stakes. We find that neither time horizon nor stakes affect equilibrium selection. In contrast to previous findings, players are not more likely to play above the previous period’s minimum choice when the horizon is longer or per-period stakes lower. We also investigate which socio-demographic factors and behavioral traits correlate most strongly with play both in the first round and in subsequent rounds. Cognitive ability as measured by a cognitive reflection test stands out as the characteristic that is most strongly associated with efficient coordination.
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| 10. |
- Briggs, Joseph S., et al.
(författare)
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Windfall gains and stock market participation
- 2015
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Rapport (övrigt vetenskapligt/konstnärligt)abstract
- We estimate the causal effect of wealth on stock market participation using administrative data on Swedish lottery players. A $150,000 windfall gain increases stock ownership probability among pre-lottery non-participants by 12 percentage points, while pre-lottery stock holders are unaffected. The effect is immediate, seemingly permanent and heterogeneous in intuitive ways. Standard lifecycle models predict wealth effects far too large to match our causal estimates under common calibrations. Additional analyses suggest a limited role for explanations such as procrastination or real-estate investment. Overall, results suggest that “nonstandard” beliefs or preferences contribute to the nonparticipation of households across many demographic groups.
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