Quarterly Journal of Economics
Công bố khoa học tiêu biểu
* Dữ liệu chỉ mang tính chất tham khảo
Sắp xếp:
Disease and Development: Evidence from Hookworm Eradication in the American South
Quarterly Journal of Economics - Tập 122 Số 1 - Trang 73-117 - 2007
Veto Threats: Rhetoric in a Bargaining Game
Quarterly Journal of Economics - Tập 104 Số 2 - Trang 347 - 1989
Participation in Heterogeneous Communities*
Quarterly Journal of Economics - Tập 115 Số 3 - Trang 847-904 - 2000
Long-Run Impacts of Unions on Firms: New Evidence from Financial Markets, 1961–1999 *
Quarterly Journal of Economics - Tập 127 Số 1 - Trang 333-378 - 2012
Anomalies in Intertemporal Choice: Evidence and an Interpretation
Quarterly Journal of Economics - Tập 107 Số 2 - Trang 573-597 - 1992
Learning and Visceral Temptation in Dynamic Saving Experiments<sup>*</sup>
Quarterly Journal of Economics - Tập 124 Số 1 - Trang 197-231 - 2009
The Potato's Contribution to Population and Urbanization: Evidence From A Historical Experiment
Quarterly Journal of Economics - Tập 126 Số 2 - Trang 593-650 - 2011
Tax Incentives and the Decision to Purchase Health Insurance: Evidence from the Self-Employed
Quarterly Journal of Economics - Tập 109 Số 3 - Trang 701-733 - 1994
Very Long-Run Discount Rates * Abstract We estimate how households trade off immediate costs and uncertain future benefits that occur in the very long run, 100 or more years away. We exploit a unique feature of housing markets in the United Kingdom and Singapore, where residential property ownership takes the form of either leaseholds or freeholds. Leaseholds are temporary, prepaid, and tradable ownership contracts with maturities between 99 and 999 years, while freeholds are perpetual ownership contracts. The price difference between leaseholds and freeholds reflects the present value of perpetual rental income starting at leasehold expiration, and is thus informative about very long-run discount rates. We estimate the price discounts for varying leasehold maturities compared to freeholds and extremely long-run leaseholds via hedonic regressions using proprietary data sets of the universe of transactions in each country. Households discount very long-run cash flows at low rates, assigning high present value to cash flows hundreds of years in the future. For example, 100-year leaseholds are valued at more than 10% less than otherwise identical freeholds, implying discount rates below 2.6% for 100-year claims.
Quarterly Journal of Economics - Tập 130 Số 1 - Trang 1-53 - 2015
Why do Some Countries Produce So Much More Output Per Worker than Others?
Quarterly Journal of Economics - Tập 114 Số 1 - Trang 83-116 - 1999
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