Special Interests and the Media: Theory and an Application to Climate Change
In: NBER Working Paper No. w19807
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In: NBER Working Paper No. w19807
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In: American economic review, Band 108, Heft 12, S. 3493-3540
ISSN: 1944-7981
We use a novel retail panel with detailed transaction records to study the effect of the Supplemental Nutrition Assistance Program (SNAP) on household spending. We use administrative data to motivate three approaches to causal inference. The marginal propensity to consume SNAP-eligible food (MPCF) out of SNAP benefits is 0.5 to 0.6. The MPCF out of cash is much smaller. These patterns obtain even for households for whom SNAP benefits are economically equivalent to cash because their benefits are below their food spending. Using a semiparametric framework, we reject the hypothesis that households respect the fungibility of money. A model with mental accounting can match the facts. (JEL D12, H75, I12, I18, I38)
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In: NBER Working Paper No. w15916
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In: Chicago Booth Initiative on Global Markets Working Paper No. 55.
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In: Journal of political economy, Band 114, Heft 2, S. 280-316
ISSN: 1537-534X
In: NBER Working Paper No. w12707
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In: Economic Analysis of the Digital Economy, S. 169-190
In: NBER Working Paper No. w32156
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In: NBER Working Paper No. w23112
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In: NBER Working Paper No. w18248
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In: NBER Working Paper No. w8696
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In: NBER Working Paper No. w26669
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