CAREER: Market Imperfections and the Welfare Measurement of Government Intervention

职业：市场不完善和政府干预的福利衡量

• 批准号: 1653686
• 负责人: Nathaniel Hendren
• 金额: $ 41.72万
• 依托单位: National Bureau of Economic Research Inc
• 依托单位国家: 美国
• 项目类别: Continuing Grant
• 财政年份: 2017
• 资助国家: 美国
• 起止时间: 2017-08-01 至 2023-07-31
• 项目状态: 已结题
• 来源: https://www.nsf.gov/awardsearch/showAward?AWD_ID=1653686&HistoricalAwards=false
• 关键词: CAREER; Market; Imperfections; Welfare; Measurement

The investigator develops theoretical models and empirical methods to advance our understanding of market imperfections and improve the measurement of the welfare impact of government policies. The central theme is that many market frictions which provide potential rationales for government intervention also make it difficult to measure the value (or lack thereof) of those interventions. This research aims to provide tools for accurate measurement of individuals' willingness to pay for government policy changes towards insurance market policies (e.g. subsidies and mandates), non-market goods such as Medicaid and food stamps, and place-based policies, with a particular focus on policies aimed at improving outcomes for low-income children in disadvantaged neighborhoods.This research is aligned on three themes: information, redistribution through non-market goods, and place and upward mobility. From an information standpoint, this project shows how individuals' private information about future adverse events can prevent the ability of private insurance markets to insure this risk. This generates a potential rationale for government intervention, but it also suggests traditional approaches systematically under-estimate the value of corrective policies. The investigator provides methods for correcting existing methods, as well as new methods that exploit ex-ante responses to learning about future adverse events. From a redistribution through non-market goods standpoint, many government expenditures are provided via non-market goods (e.g. health insurance subsidies, food stamps). The investigator develops tools to correctly measure the impact of these policies and nest them into a welfare framework that compares their impacts to other policies with similar distributional incidence. Finally, from a place and upward mobility standpoint, this project addresses how we can identify and measure the welfare impact of government policies targeted towards children from disadvantaged backgrounds and neighborhoods. This includes analyses of randomized controlled trials (in collaboration with local housing authorities) to help reduce the barriers faced by families seeking to move to better neighborhoods in which to raise their children.

研究者开发理论模型和实证方法，以促进我们对市场缺陷的理解，并改善政府政策对福利影响的衡量。中心主题是，许多市场摩擦为政府干预提供了潜在的理由，但也使人们难以衡量这些干预的价值（或缺乏价值）。本研究旨在提供工具，以准确测量个人支付意愿的政府政策变化对保险市场的政策（例如补贴和授权），非市场商品，如医疗补助和食品券，以及基于地方的政策，特别关注旨在改善弱势社区低收入儿童结果的政策。信息、通过非市场商品进行的再分配、位置和向上流动。从信息的角度来看，这个项目显示了个人关于未来不利事件的私人信息如何阻止私人保险市场承保这种风险的能力。这为政府干预提供了潜在的理由，但也表明传统方法系统地低估了纠正政策的价值。研究者提供了纠正现有方法的方法，以及利用事前反应来了解未来不良事件的新方法。从通过非市场商品进行再分配的角度来看，许多政府支出是通过非市场商品（例如健康保险补贴，食品券）提供的。研究者开发工具，以正确地衡量这些政策的影响，并将其嵌套到一个福利框架，比较其影响与其他政策具有类似的分布incidence.Finally，从地方和向上流动的角度来看，这个项目解决了我们如何识别和衡量政府政策的福利影响，针对来自弱势背景和社区的儿童。这包括对随机对照试验的分析（与地方住房当局合作），以帮助减少寻求搬到更好的社区抚养孩子的家庭所面临的障碍。

项目成果

Opportunity Unraveled: Private Information and the Missing Markets for Financing Human Capital

• DOI: 10.1257/aer.20211653
• 发表时间: 2024-07-01
• 期刊: AMERICAN ECONOMIC REVIEW
• 影响因子: 10.7
• 作者: Herbst，Daniel;Hendren，Nathaniel
• 通讯作者: Hendren，Nathaniel

Welfare Analysis Meets Causal Inference

• DOI: 10.1257/jep.34.4.146
• 发表时间: 2020-09-01
• 期刊: JOURNAL OF ECONOMIC PERSPECTIVES
• 影响因子: 8.4
• 作者: Finkelstein, Amy;Hendren, Nathaniel
• 通讯作者: Hendren, Nathaniel

Measuring economic efficiency using inverse-optimum weights

使用逆最优权重衡量经济效率

• DOI: 10.1016/j.jpubeco.2020.104198
• 发表时间: 2020
• 期刊: Journal of Public Economics
• 影响因子: 9.8
• 作者: Hendren, Nathaniel

Creating Moves to Opportunity: Experimental Evidence on Barriers to Neighborhood Choice

• DOI: 10.3386/w26164
• 发表时间: 2019-08
• 期刊: NBER Working Paper Series
• 作者: Peter Bergman;Raj Chetty;Stefanie DeLuca;Nathaniel Hendren;Lawrence F. Katz;C. Palmer

Measuring Ex Ante Welfare in Insurance Markets

衡量保险市场的事前福利

• DOI: 10.1093/restud/rdaa015
• 发表时间: 2020
• 期刊: The Review of Economic Studies
• 作者: Hendren, Nathaniel