Insurance induces a tradeoff between the welfare gains from risk protection and the welfare
losses from moral hazard. Empirical work traditionally estimates each side of the tradeoff …

This paper proposes new ℓ1‐penalized quantile regression estimators for panel data, which
explicitly allows for individual heterogeneity associated with covariates. Existing fixed …

Recent work has provided compelling evidence of a long-term decline in US female labor
supply elasticities with respect to wages and income. While previous work used cross …

This paper estimates the change in optimal labor supply and household welfare resulting
from the Tax Cuts and Jobs Act (TCJA) of 2017. We estimate labor supply elasticities using …

We study the effects of quasi-random variation in unearned income on labor force
participation, earnings, business income, capital gains realizations, retirement savings, and …

This paper extends the nonparametric structural method to estimate labor supply developed
by Blomquist and Newey (2002) to handle cases in which there are individuals who do not …

This paper uses the Panel Study of Income Dynamics (PSID) from 1979 to 2007 to estimate
within-period lifecycle-consistent labor supply elasticities of US females in a two-stage …

This paper calculates the welfare cost to families of an unemployment shock. Using US data,
we find an average annualized expected dollar equivalent welfare loss of $1,156 when the …

In many network data sets, the outcomes of interest are equal to zero for some agents and
strictly positive for others. They can be analyzed by Tobit models with social interactions with …

Recent work has provided compelling evidence of a long-term decline in US female labor
supply elasticities with respect to wages and to income. While previous work used …