The Experts below are selected from a list of 259260 Experts worldwide ranked by ideXlab platform
Raj Chetty - One of the best experts on this subject based on the ideXlab platform.
-
sufficient statistics for welfare analysis a bridge between structural and reduced form methods
Annual Review of Economics, 2009Co-Authors: Raj ChettyAbstract:The debate between structural and reduced-form approaches has generated substantial controversy in applied economics. This article reviews a recent Literature in public economics that combines the advantages of reduced-form strategies—transparent and credible identification—with an important advantage of structural models—the ability to make predictions about counterfactual outcomes and welfare. This Literature has developed formulas for the welfare consequences of various policies that are functions of reduced-form elasticities rather than structural primitives. I present a general framework that shows how many policy questions can be answered by estimating a small set of sufficient statistics using program-evaluation methods. I use this framework to synthesize the Modern Literature on taxation, social insurance, and behavioral welfare economics. Finally, I discuss problems in macroeconomics, labor, development, and industrial organization that could be tackled using the sufficient statistic approach.
-
sufficient statistics for welfare analysis a bridge between structural and reduced form methods
Annual Review of Economics, 2009Co-Authors: Raj ChettyAbstract:The debate between "structural" and "reduced-form" approaches has generated substantial controversy in applied economics. This article reviews a recent Literature in public economics that combines the advantages of reduced-form strategies -- transparent and credible identification -- with an important advantage of structural models -- the ability to make predictions about counterfactual outcomes and welfare. This recent work has developed formulas for the welfare consequences of various policies that are functions of high-level elasticities rather than deep primitives. These formulas provide theoretical guidance for the measurement of treatment effects using program evaluation methods. I present a general framework that shows how many policy questions can be answered by identifying a small set of sufficient statistics. I use this framework to synthesize the Modern Literature on taxation, social insurance, and behavioral welfare economics. Finally, I discuss topics in labor economics, industrial organization, and macroeconomics that can be tackled using the sufficient statistic approach.
Raven E Saks - One of the best experts on this subject based on the ideXlab platform.
-
urban growth and housing supply
Journal of Economic Geography, 2006Co-Authors: Edward L Glaeser, Joseph Gyourko, Raven E SaksAbstract:Cities are physical structures, but the Modern Literature on urban economic development rarely acknowledges that fact. The elasticity of housing supply helps determine the extent to which increases in productivity will create bigger cities or just higher paid workers and more expensive homes. In this article, we present a simple model that provides a framework for doing empirical work that integrates the heterogeneity of housing supply into urban development. Empirical analysis yields results consistent with the implications of the model that differences in the nature of house supply across space are not only responsible for higher housing prices, but also affect how cities respond to increases in productivity. Copyright 2006, Oxford University Press.
-
urban growth and housing supply
National Bureau of Economic Research, 2005Co-Authors: Edward L Glaeser, Joseph Gyourko, Raven E SaksAbstract:Cities are physical structures, but the Modern Literature on urban economic development rarely acknowledges that fact. The elasticity of housing supply helps determine the extent to which increases in productivity will create bigger cities or just higher paid workers and more expensive homes. In this paper, we present a simple model that provides a framework for doing empirical work that integrates the heterogeneity of housing supply into urban development. Empirical analysis yields results consistent with the implications of the model that differences in the nature of house supply across space are not only responsible for higher housing prices, but also affect how cities respond to increases in productivity.
Edward L Glaeser - One of the best experts on this subject based on the ideXlab platform.
-
urban growth and housing supply
Journal of Economic Geography, 2006Co-Authors: Edward L Glaeser, Joseph Gyourko, Raven E SaksAbstract:Cities are physical structures, but the Modern Literature on urban economic development rarely acknowledges that fact. The elasticity of housing supply helps determine the extent to which increases in productivity will create bigger cities or just higher paid workers and more expensive homes. In this article, we present a simple model that provides a framework for doing empirical work that integrates the heterogeneity of housing supply into urban development. Empirical analysis yields results consistent with the implications of the model that differences in the nature of house supply across space are not only responsible for higher housing prices, but also affect how cities respond to increases in productivity. Copyright 2006, Oxford University Press.
-
urban growth and housing supply
National Bureau of Economic Research, 2005Co-Authors: Edward L Glaeser, Joseph Gyourko, Raven E SaksAbstract:Cities are physical structures, but the Modern Literature on urban economic development rarely acknowledges that fact. The elasticity of housing supply helps determine the extent to which increases in productivity will create bigger cities or just higher paid workers and more expensive homes. In this paper, we present a simple model that provides a framework for doing empirical work that integrates the heterogeneity of housing supply into urban development. Empirical analysis yields results consistent with the implications of the model that differences in the nature of house supply across space are not only responsible for higher housing prices, but also affect how cities respond to increases in productivity.
Joseph Gyourko - One of the best experts on this subject based on the ideXlab platform.
-
urban growth and housing supply
Journal of Economic Geography, 2006Co-Authors: Edward L Glaeser, Joseph Gyourko, Raven E SaksAbstract:Cities are physical structures, but the Modern Literature on urban economic development rarely acknowledges that fact. The elasticity of housing supply helps determine the extent to which increases in productivity will create bigger cities or just higher paid workers and more expensive homes. In this article, we present a simple model that provides a framework for doing empirical work that integrates the heterogeneity of housing supply into urban development. Empirical analysis yields results consistent with the implications of the model that differences in the nature of house supply across space are not only responsible for higher housing prices, but also affect how cities respond to increases in productivity. Copyright 2006, Oxford University Press.
-
urban growth and housing supply
National Bureau of Economic Research, 2005Co-Authors: Edward L Glaeser, Joseph Gyourko, Raven E SaksAbstract:Cities are physical structures, but the Modern Literature on urban economic development rarely acknowledges that fact. The elasticity of housing supply helps determine the extent to which increases in productivity will create bigger cities or just higher paid workers and more expensive homes. In this paper, we present a simple model that provides a framework for doing empirical work that integrates the heterogeneity of housing supply into urban development. Empirical analysis yields results consistent with the implications of the model that differences in the nature of house supply across space are not only responsible for higher housing prices, but also affect how cities respond to increases in productivity.
E N Shchenyavskaya - One of the best experts on this subject based on the ideXlab platform.
-
growth differentiation factor 11 general biological properties metabolic effects and possible pathophysiological role in arterial hypertension obesity diabetes mellitus and age dependent pathology Literature review
International Journal of Endocrinology, 2018Co-Authors: S M Koval, D K Miloslavsky, I O Snihurskaya, V V Bozhko, Yu M Penkova, E N ShchenyavskayaAbstract:The review presents Modern Literature data on the general biological properties of the growth factor differentiation 11 (GDF11), its involvement in embryogenesis, carcinogenesis, angiogenesis, aging and apoptosis, the differences between GDF11 and myostatin, prospects for the administration of recombinant GDF11, experimental studies on GDF11 effects in animals, options of clinical application of GDF11, its versatile action in cardiovascular diseases, involvement in thrombogenesis, use in dietology, sports medicine and transfusiology, the possibilities of gene therapy of the hypertensive heart and its potential targets.
