Medical Malpractice Reforms and the Location Decisions of New Physicians --...
Spatial inequalities in access to physicians is a long-standing problem in the US, and it may be an important underlying cause of SES-related and racial/ethnic disparities in health outcomes. One...
View ArticleReach for Yield and Fickle Capital Flows -- by Ricardo J. Caballero, Alp Simsek
In Caballero and Simsek (2018), we develop a model of fickle capital flows and show that, when countries are similar, international flows create global liquidity and mitigate crises despite their...
View ArticleBlockchain Disruption and Smart Contracts -- by Lin William Cong, Zhiguo He
Blockchain technology features decentralized consensus as well as tamper-proof and algorithmic executions, and consequently enlarges the contracting space through smart contracts. Meanwhile, the...
View ArticleThe Efficiency and Sectoral Distributional Implications of Large-Scale...
Renewable policies have grown in popularity across states in the US, and worldwide. The costs and benefits from renewable policies are unevenly distributed across several margins. The incidence of...
View ArticleClimate Adaptive Response Estimation: Short And Long Run Impacts Of Climate...
This paper proposes a simple two-step estimation method (Climate Adaptive Response Estimation - CARE) to estimate sectoral climate damage functions, which account for long- run adaptation. The paper...
View ArticleQuality of Judicial Institutions, Crimes, Misdemeanors, and Dishonesty -- by...
We investigate the extent to which the quality of judicial institutions has an impact on individuals' propensity for criminal and dishonest behavior and on their views regarding the acceptability of...
View ArticleConcentration in US Labor Markets: Evidence From Online Vacancy Data -- by...
Using data on the near-universe of online US job vacancies collected by Burning Glass Technologies in 2016, we calculate labor market concentration using the Herfindahl-Hirschman index (HHI) for each...
View ArticleSocioeconomic Integration of U.S. Immigrant Groups over the Long Term: The...
In this chapter, we document generational patterns of educational attainment and earnings for contemporary immigrant groups. We also discuss some potentially serious measurement issues that arise when...
View ArticleThe Household Fallacy -- by Roger Farmer, Pawel Zabczyk
We refer to the idea that government must 'tighten its belt' as a necessary policy response to higher indebtedness as the household fallacy. We provide a reason to be skeptical of this claim that holds...
View ArticleDominated Options in Health-Insurance Plans -- by Chenyuan Liu, Justin R. Sydnor
Recent studies have found that many people select into health plans with higher coverage (e.g., lower deductibles) even when those plans are financially dominated by other options. We explore whether...
View ArticleGrain Today, Gain Tomorrow: Evidence from a Storage Experiment with Savings...
Many farmers in the developing world lack access to effective savings and storage devices. Such devices might be particularly valuable for farmers since income is received as a lump sum at harvest but...
View ArticleIncome Volatility and the PSID: Past Research and New Results -- by Robert A....
The Panel Study of Income Dynamics (PSID) has made more contributions to the study of income volatility than any other data set in the U.S. Its record of research is truly seminal. In this paper we...
View ArticleToxic Emissions and Executive Migration -- by Ross Levine, Chen Lin, Zigan Wang
We study the impact of toxic emissions on the migration of corporate executives. We link data on the opening of industrial plants emitting toxic air pollutants with information on the career paths of...
View ArticleCapital Markets and Grain Prices: Assessing the Storage Approach -- by...
This paper evaluates an approach popularized by McCloskey and Nash (1984) that exploits the fact that grain prices provide information on interest rates. While the grain price approach enables a...
View ArticleThe New Prescription Drug Paradox: Pipeline Pressure and Rising Prices -- by...
Economic literature has extensively studied how prices for incumbent pharmaceutical drugs respond to generic competition after entry. However, less attention has been paid to pricing behavior in...
View ArticleWhat Would You Do With $500? Spending Responses to Gains, Losses, News and...
We use survey questions about spending in hypothetical scenarios to investigate features of propensities to consume that are useful for distinguishing between consumption theories. We find that (i)...
View ArticleWelfare Reform and the Labor Market -- by Marc K. Chan, Robert A. Moffitt
This paper reviews the basic theoretical models that are appropriate for analyzing different types of welfare reforms, and the related empirical literature. We first present the canonical labor supply...
View ArticleE-Commerce Integration and Economic Development: Evidence from China -- by...
The number of people buying and selling products online in China has grown from practically zero in 2000 to more than 400 million by 2015. Most of this growth has occurred in cities. In this context,...
View ArticleMaking Moves Matter: Experimental Evidence on Incentivizing Bureaucrats...
Bureaucracies often post staff to better or worse locations, ostensibly to provide incentives. Yet we know little about whether this works, with heterogeneity in preferences over postings impacting...
View ArticleThe Costs of Corporate Tax Complexity -- by Eric Zwick
Does tax code complexity alter corporate behavior? This paper investigates this question by focusing on the decision to claim refunds for tax losses. In a sample of 1.2M observations from the...
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