Demand Stimulus as Social Policy.
We exploit a panel of city-level data with rich demographic information to estimate the distributional effects of Department of Defense spending and its effects on a range of social outcomes. The income and employment generated by defence spending accrue predominantly to households without a bachelo...
| Published in: | Review of Economic Studies Vol. 93; no. 4; pp. 2313 - 2348 |
|---|---|
| Main Authors: | , , |
| Format: | Article |
| Published: |
Oxford University Press / USA
Jul2026
|
| Subjects: | |
| Online Access: | View this record in EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=195161463&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 195161463 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00346527 REM jtl: Review of Economic Studies issn: 00346527 maglogo: N pubinfo: dt: Jul2026 vid: 93 iid: 4 pid: 622 pub: Oxford University Press / USA artinfo: ui: 195161463 10.1093/restud/rdaf096 ppf: 2313 ppct: 35 formats: tig: atl: Demand Stimulus as Social Policy. aug: au: Auerbach, Alan J Gorodnichenko, Yuriy Murphy, Daniel affil: UC Berkeley and NBER, USA UC Berkeley, CEPR and NBER, USA University of Virginia Darden School of Business, USA su: United States. Dept. of Defense Social indicators Labor supply Health insurance Home ownership Demographic change Income distribution Military spending Poverty reduction sug: subj: Social indicators Labor supply Health insurance Home ownership Demographic change Income distribution United States. Dept. of Defense Direct group life, health and medical insurance carriers Direct individual life, health and medical insurance carriers Temporary Help Services Military spending Poverty reduction keyword: copyrightHolder:Review of Economic Studies Ltd copyrightYear:2026 E62 Fiscal policy H56 Inequality inLanguage:en publisher:Oxford University Press sameAs:https://dx.doi.org/10.1093/restud/rdaf096 Social policy copyrightHolder:Review of Economic Studies Ltd copyrightYear:2026 E62 Fiscal policy H56 Inequality inLanguage:en publisher:Oxford University Press sameAs:https://dx.doi.org/10.1093/restud/rdaf096 Social policy ab: We exploit a panel of city-level data with rich demographic information to estimate the distributional effects of Department of Defense spending and its effects on a range of social outcomes. The income and employment generated by defence spending accrue predominantly to households without a bachelor's degree. These households as well as Black and Hispanic households tend to disproportionately benefit from this spending. Defence spending also promotes a range of beneficial social outcomes that are often targeted by government programs, including reductions in poverty, divorce rates, disability rates, and mortality rates, as well as increases in homeownership rates, health insurance rates, and occupational prestige. We compare the effects of defence spending with the effects of general demand shocks and explore reasons for the differential effects of the shocks. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
|---|