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How policies affect beliefs and preferences | VOX, CEPR Policy Portal

Olivier Bargain, Ulugbek Aminjonov
Four decades ago, Robert Lucas rocked economics with a simple observation: taxes and other government interventions in the private economy affect not only the costs and benefits of actions citizens may take (as intended), but also their beliefs about the future actions of others (including the government), possibly in counterproductive ways. For example, announcing stiffer penalties for non-payment of taxes provides an incentive to pay up; but it also may convey the information that non-compliance is common, leading formerly honest citizens to cheat.
Lucas’ point was that policymaking is not simply resetting the dials on a given model of how the economy works, but instead changing the structure of the model itself (Lucas 1976). In 1994, Henry Aaron of the Brookings Institution pointed to “the failure of economists to take the formation of preferences seriously”, and suggested that the Lucas critique be extended to cover preference ....

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Research cautions family households were drinking more during the initial lockdown

Research cautions family households were drinking more during the initial lockdown
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Drinkaware Sheena Horgan , Research Paper Series , ஆராய்ச்சி காகிதம் தொடர் ,

Wharton Research Data Services Expands RavenPack Analytics, Giving Researchers Extensive Scope and Depth of Events, News Sentiment and Media Coverage

Along with best paper awards, research support, and the latest data available, WRDS is a leader in enabling impactful research. Through a first-of-its-kind collaboration with SSRN, WRDS is elevating the visibility of universities and researchers working across an array of fields. The WRDS Research Paper Series is a searchable repository of all papers submitted to SSRN that cite WRDS in their work, which will increase researcher visibility and build a specialized research base that will advance shared knowledge. In addition, the organizations have launched the
WRDS-SSRN Innovation Award to honor emerging business schools in North America, Asia-Pacific, and EMEA. Learn more about how WRDS is driving impact. ....

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