Does Macropru Leak? Evidence from a UK Policy Experiment

Author(s):  
Shekhar Aiyar ◽  
Charles W. Calomiris ◽  
Tomasz Wieladek
Keyword(s):  
Author(s):  
Louise Lorentzon ◽  
Per Pettersson-Lidbom

Abstract This paper estimates the causal effect of a historical midwifery policy experiment on maternal mortality, infant mortality, and stillbirth during the period of 1830–1894 in Sweden. Exploiting sharp changes or “discontinuities” across time and place in the availability of trained and licensed midwives as an exogenous source of variation, we find that a doubling of trained midwives led to a 20%–40% reduction in maternal mortality and a 20% increase in the uptake of midwife-assisted homebirths. The results thus suggest that a 1% increase in the share of midwife-assisted homebirths decreased maternal mortality by as much as 2%, which is a remarkable finding given that midwife training was only 6–12 months at that time. The results of this study contribute to the current debate about the most effective strategy to reduce the unacceptably high rate of maternal mortality in many developing countries, especially in low-resource settings.


2016 ◽  
Vol 38 (2) ◽  
pp. 151-176 ◽  
Author(s):  
Yeongmin Kim ◽  
Maria Cancian ◽  
Daniel R. Meyer

When a parent has another child with a new partner, a significant effect on parents and children is likely, making factors associated with multiple-partner fertility of interest to policy makers. For single mothers, one potential policy-relevant factor influencing their subsequent fertility with a new partner is child support income. However, the direction and magnitude of any effect is not well-established. This study documents the simple negative relationship between child support and nonmarital fertility with a new partner in our sample of low-income unmarried mothers. We then take advantage of a policy experiment that resulted in randomly assigned differences in child support income to investigate its effects. We find no support for a negative causal relationship between child support receipt and nonmarital fertility with a new partner, instead finding suggestive evidence that mothers with more child support income are slightly more likely to have a subsequent nonmarital birth with a new partner.


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