Economics

■ 주택시장 동향 ㅇ 주택 매매시장 동향 ㅇ 주택 전세시장 동향 ㅇ 주택 분양 ㅇ 주택 금융

Inspections are a common tool for acquiring information and incentivizing compliance. Although inspections are typically unannounced, their timing often follows a predictable schedule. We study how this predictability shapes firm effort and patient outcomes in U.S. nursing homes, leveraging detailed administrative data on staffing, care, and health outcomes. Nursing homes "slack" in the low-risk period following an inspection and ramp up effort as their next inspection approaches. Patient survival mirrors this pattern, suggesting that these fluctuations in effort have meaningful consequences for the quality of patient care. We embed these estimates in a dynamic model capturing how inspection..

Do restrictions on public funding create unintended reliance on social assistance? In this paper, we study the 1976 Hyde Amendment, which barred federal funding for abortion. Using county-level data and an event-study design, we show that reduced federal funding for abortion increased fertility among young women by 2%. These effects were concentrated among non-white women, who subsequently experienced greater welfare participation in states with larger abortion funding declines. The consequences extend into the next generation: non-white girls born after Hyde were more likely to rely on public assistance in adulthood. Abortion funding restrictions reinforce long-run economic inequality acros..

This paper links globalization, worker efficiency, and wage inequality within plants to internal labor market organization. Using German plant-worker data and information on the task content of occupations, we document that larger plants (i) use more occupations, (ii) assign fewer tasks per occupation, and (iii) exhibit greater wage dispersion. We develop a model where plants endogenously bundle tasks into occupations, improving worker-task matching at the cost of higher fixed span-of-control costs. Embedding this into a Melitz framework, we show that trade increases worker efficiency and wage inequality in exporting plants, whereas non-exporting plants experience the opposite effects. Struc..

This paper surveys econometric innovations related to differences-in-differences estimators and event-study models with time-varying treatment effects. Our discussion highlights tricky normalization issues, heterogeneous policy effects, the interpretation of exposure designs, pretrends pretesting, and the ever-bothersome question of logs versus levels. Key ideas are illustrated with applications.