Public Finance in the Era of the COVID-19 Crisis
18-20 August 2021 | Online, Organized by University of Iceland, Reykjavík
Overview and details of the sessions of this online conference.
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Some information on the session logistics:The last speaker of each session is the session chair. The discussant is always the following speaker, with the first speaker being the discussant of the last paper. Each paper has a 22-minutes-block in all sessions. There should be 15 minutes and no more than 18 minutes for the presenter. The discussion is then started by the discussant. Please note that the role of the discussant is different compared to previous years: The discussant has only 1-2 minutes and s/he is not allowed to give a lengthy summary of the paper together with comprehensive comments. Instead, her/his task is to raise one single question/comment and, in doing so, start the general discussion! All participants are asked to be strict in timing to allow people to change sessions during the general discussion. For a (rare) session with less papers in the session than the time slot allows, stick to the congress schedule and use 22 minutes per presentation to allow listeners to smoothly change between sessions. Only registered participants can attend this online conference. Further information available on the congress website https://iipf2021.hi.is/ .
Please note that all times are shown in the time zone of the conference. The current conference time is: 5th Dec 2021, 04:52:45pm GMT
C04: Health and Fertility
2:15pm - 2:37pm
Doing Good rather than Doing Well: What Stimulates Personal Data Sharing and Why?
1University of Utah, United States of America; 2University of Utah, United States of America; 3University of Utah, United States of America
Personal data markets have become ubiquitous. At the same time, the non-rivalry of data suggests that the social returns to personal data sharing will often exceed its private returns. Using a unique sequence of RCTs for randomized COVID-19 testing among tens of thousands of households in Utah, we analyze different tools to stimulate personal data sharing. We contrast the effectiveness of incentives for data sharing with mechanisms suggested by behavioral economics, including moral engagement, image motivation, and identity. Our results suggest that incentives by themselves can easily backfire and are highly complementary with framing effects. Furthermore, image motivation and identity are an order of magnitude more effective in influencing data sharing than monetary incentives.
2:37pm - 3:00pm
With Booze, You Lose: The Mortality Effects of Early Retirement
University of St. Gallen, Switzerland
This study analyzes the effect of early retirement on male mortality. I exploit two reforms in a regression discontinuity design, which allowed men in Switzerland as of a certain cohort to retire one and two years before the statutory retirement age. I draw from two full sample administrative data sets: the mortality and the old age insurance register. Retiring two years before the statutory retirement age increases the absolute risk of death before the age 83 by 41 percentage points. Heterogeneity analysis reveals that the effect is driven by lifestyle diseases such as alcohol dependence and respiratory diseases related to smoking. There is no effect heterogeneity regarding income, which suggests that the negative health effect is not caused by a loss in income. The results support the lifestyle hypothesis suggesting that retirement increases mortality due to a loss of structure and a concomitant unhealthy lifestyle.
3:00pm - 3:22pm
Curtailment of Civil Liberties and Subjective Life Satisfaction
1Max Planck Institute for Tax Law and Public Finance, Germany; 2University of Hohenheim, Germany
This analysis focuses on the lockdown measures in the context of the Covid-19 crisis in Spring 2020 in Germany. In a randomized survey experiment, respondents were asked to evaluate their current life satisfaction after being provided with varying degrees of information about the lethality of Covid-19. We use reactance as a measure of the intensity of a preference for freedom to explain the variation in the observed subjective life satisfaction loss. Our results suggest that it is not high reactance alone that is associated with large losses of life satisfaction due to the curtailment of liberties. The satisfaction loss occurs in particular in combination with receiving information about the (previously overestimated) lethality of Covid-19.
3:22pm - 3:45pm
Baby Bonus, Fertility, and Missing Women
Southern Methodist University, United States of America
This paper presents novel causal evidence on the effects of pro-natalist financial incentives on babies. I exploit rich spatial and temporal variation in the generosity of cash transfers provided to families with newborn babies and the universe of birth, death, and migrant registry records in South Korea. I find that the total fertility rate in 2015 would have been 3% lower without the cash transfers. These cash transfers were particularly effective among working mothers and encouraged them to have second and third children. This selection of working mothers into childbearing led to a decrease in gestational age, which in turn led to an overall reduction in birth weight, but no change in early mortality. The cash transfers had an unintended consequence of correcting the unnaturally male-skewed sex ratio closer to its natural level.
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