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Estimating the Elasticity to Real-Time Pricing: Evidence from the Spanish Electricity Market

By Natalia Fabra, David Rapson, Mar Reguant, and Jingyuan Wang

AEA Papers and Proceedings, May 2021

We estimate consumer response to the first large-scale real-time electricity pricing (RTP) program. In 2015, RTP became the default tariff for residential customers in Spain, exposing them to prices that vary hourly based on day-ahead wholesale prices. Us...

Pure-Chance Jobs versus a Labor Market: The Impact on Careers of a Random Serial Dictatorship for First Job Seekers

By Ashna Arora, Leonard Goff, and Jonas Hjort

AEA Papers and Proceedings, May 2021

Do workers' first jobs affect their careers? Do such first-job effects (FJEs) vary across worker types? If so, can policy improve upon a "free" labor market by altering initial worker-employer matches? We study these questions using Norway's pre–2013 sy...

Gaming Opportunities: American Indian Casinos, Cash Transfers, and Income Mobility on the Reservation

By Emilia Simeonova, Randall Akee, and Maggie R. Jones

AEA Papers and Proceedings, May 2021

We examine the impact of the Indian Gaming Regulatory Act on the income rank of American Indian (AI) reservation residents. We assemble a panel dataset at the individual level for tax filers residing on AI reservations in 1989. We examine the effect of ca...