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"Quick Response" Economic Stimulus: The Effect of Small-Value Digital Coupons on Spending

By Jianwei Xing, Eric Yongchen Zou, Zhentao Yin, Yong Wang, and Zhenhua Li

American Economic Journal: Macroeconomics, October 2023

We study a new consumption stimulus program implemented by a large Chinese city that leverages mobile payment platforms to dispense massive amounts of small-value digital coupons. Exploiting a "rush" design of the dispensing process in which over 1 millio...

High Schools Tailored To Adults Can Help Them Complete a Traditional Diploma and Excel in the Labor Market

By Rebecca Brough, David C. Phillips, and Patrick S. Turner

American Economic Journal: Economic Policy

More than 18 million adults in the US have no high school credential. Later on, these adults are less likely to earn full diplomas than GEDs, but diplomas are potentially more valuable. A network of high schools helps adults graduate by providing a tail...