UMBC Economics Department
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High discount rates by private actors undermine climate change adaptation policies
(Elsevier, 2023-02-18)Adaptation requires investing now to avoid future damages, and thus adaptation is shaped by discount rates. Although the role of social discount rates in climate policy design has been well documented, the role of private ... -
Bar Talk: Informal Social Networks, Alcohol Prohibition, and Invention
(Cato Institute, 2023-08-02)While alcohol prohibition is unlikely to be resurrected as a policy today, the results in this study contain broad lessons about the consequences of disrupting social networks that are relevant to our experience with the ... -
Data-driven COVID-19 policy is more effective than a one-size-fits-all approach
(Cell Press, 2022-10-14)The latest COVID-19 guidelines from the Centers for Disease Control and Prevention (CDC) discount the best data sources and rely too heavily on outdated, one-size-fits-all decision rules. Instead, the CDC should recommend ... -
US Retirement Policy: Personalizing Retirement Security
(iome Challenge, 2023-05)American households face high levels of risk and uncertainty concerning whether retirement income will be adequate, sustainable, and flexible. According to both objective and subjective measures, many Americans are not ... -
Assessing performance of ZCTA-level and Census Tract-level social and environmental risk factors in a model predicting hospital events
(Elsevier, 2023-06)Predictive analytics are used in primary care to efficiently direct health care resources to high-risk patients to prevent unnecessary health care utilization and improve health. Social determinants of health (SDOH) are ... -
Input Efficiency as a Solution to Externalities and Resource Scarcity: A Randomized Controlled Trial
(The University of Chicago Press, 2023-04-17)Resource-conserving technologies are widely reported to benefit both the people who adopt them and the environment. Evidence for these “win-win” claims comes largely from modeling or nonexperimental designs, and mostly ... -
Everyone Wins: Vaccine Lotteries Can Cost-Effectively Increase COVID-19 Booster Vaccination Rates
(Oxford University Press, 2023-01-13)Booster vaccination remains a key strategy to address the ongoing threat of coronavirus disease 2019 (COVID-19). However, take-up has been slow. By the fall of 2022, less than 50% of eligible US residents had received a ... -
Economic Modeling in Rawls: The Original Position
(OJS, 2023-01-23)Critics of Rawls's A Theory of Justice frequently envision his original position as containing a human consciousness. Thus, the restrictions Rawls introduces for this ‘individual’—the lack of particular circumstantial and ... -
Berthold F. Hoselitz (1913–1995)
(Springer, 2023-01-01)Berthold Frank Hoselitz taught for over three decades at the University of Chicago. He is distinctive as a Chicago economist for the way in which he employed sociological and historical perspectives along with economic ... -
The Economics of Immigration w/ Dr. Giovanni Peri
(UMBC Center for Social Science Research, 2022-05-30) -
Student-Athletes and Political Voice with Dr. Tom Schaller
(UMBC Center for Social Science Research, 2022-04-04) -
The Social Science of Water w/ Dr. Maria Bernedo del Carpio
(UMBC Center for Social Science Research, 2022-02-21) -
The Costs of College w/ Nobel Laureate David Card
(UMBC Center for Social Science Research, 2021-10-29) -
Domestic Formal and Informal Institutions: Their Substitutability and Comparative Advantage
(Springer, 2022-09-26)This paper empirically examines how country-specific formal and informal institutions affect export patterns. The index for formal institutional quality evaluates electoral rules, judicial independence, and other constraints ... -
Clientelism and Corruption in the Wake of Disasters
(CENTRO, The Center for Puerto Rican Studies at Hunter College,, 2022)Puerto Rico’s history of crises provides an opportune context for analyzing corruption in times of disaster. This article forwards a conceptual understanding of the phenomenon of pork-barrel spending and disaster resource ... -
Data-driven COVID-19 policy is more effective than a one-size-fits-all approach
(Elsevier, 2022-10-14)The latest COVID-19 guidelines from the Centers for Disease Control and Prevention (CDC) discount the best data sources and rely too heavily on outdated, one-size-fits-all decision rules. Instead, the CDC should recommend ... -
Not the Great Equalizer? Local Economic Mobility and Inequality Effects for the Establishment of U.S. Universities
(Annenberg Institute at Brown University, 2022-08)We exploit historical natural experiments to test whether universities increase economic mobility and equality. We use runner-up counties that were strongly considered to become university sites but were not selected for ... -
Is Transmission Expansion for Decarbonization Compatible with Generation Competition?
(Resources for the Future, 2022-08)Decarbonization of the electricity sector, and expanding it to facilitate decarbonization of transportation, heating, and other energy applications primarily using fossil fuels, is an important step in mitigating climate ... -
Patent Laws and the War on Good Drugs
(EconLib, 2001-11-26) -
The Effect of Regulatory Oversight on Nonbank Mortgage Subsidiaries
(Springer, 2022-07-19)In 2009, the Federal Reserve subjected nonbank mortgage-originating subsidiaries of bank holding companies (BHCs), but not independent nonbank (INB) mortgage originators, to consumer compliance supervision. We examine the ...
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