Helping Children Catch Up: Early Life Shocks and the PROGRESA Experiment --...
Can investing in children who faced adverse events in early childhood help them catch up? We answer this question using two orthogonal sources of variation - resource availability at birth (local...
View ArticleWhen It Rains It Pours: The Long-run Economic Impacts of Salt Iodization in...
In 1924, The Morton Salt Company began nationwide distribution of iodine-fortified salt. Ac- cess to iodine, a key determinant of cognitive ability, rose sharply. We compare outcomes for cohorts...
View ArticleDefensive Medicine: Evidence from Military Immunity -- by Michael D. Frakes,...
We estimate the extent of defensive medicine by physicians, embracing the no-liability counterfactual made possible by the structure of liability rules in the Military Heath System. Active-duty...
View ArticleThe State of New Keynesian Economics: A Partial Assessment -- by Jordi Gali
I provide an overview of recent developments in monetary economics, with an emphasis on extensions of the New Keynesian framework that assume a zero lower bound on the short term nominal rate, as well...
View ArticleEyes Wide Shut? The Moral Hazard of Mortgage Insurers during the Housing Boom...
In the U.S. mortgage market, private mortgage insurance (PMI) is mandated for high-leverage mortgages purchased by Fannie Mae and Freddie Mac to serve as a private market check on GSE risk-taking....
View ArticleShould There Be Lower Taxes on Patent Income? -- by Fabian Gaessler, Bronwyn...
A "patent box" is a term for the application of a lower corporate tax rate to the income derived from the ownership of patents. This tax subsidy instrument has been introduced in a number of countries...
View ArticleA Model of Addiction and Social Interactions -- by Julian Reif
Many consumer behaviors are both addictive and social. Understanding how these two phenomena interact informs basic models of human behavior, and matters for policymakers when the behavior is...
View ArticleHow Much Does Your Boss Make? The Effects of Salary Comparisons -- by Zoe...
We study how employees learn about the salaries of their peers and managers and how their beliefs about those salaries affect their own behavior. We conducted a field experiment with a sample of 2,060...
View ArticleThe Well-being of the Overemployed and the Underemployed and the Rise in...
In this paper we build on our earlier work on underemployment using data from the UK. In particular, we explore their well-being based on hours preferences rather than on involuntary part-time work...
View ArticleArtificial Intelligence, Economics, and Industrial Organization -- by Hal Varian
Machine learning (ML) and artificial intelligence (AI) have been around for many years. However, in the last 5 years, remarkable progress has been made using multilayered neural networks in diverse...
View ArticleWill the U.S. Keep the Best and the Brightest (as Post-docs)? Career and...
We estimate the career and location preferences of students in U.S. doctoral programs in a major STEM field - chemistry. Our analysis is based on novel survey conducted in 2017 of 1,605 current...
View ArticleA Mechanism Design Approach to Identification and Estimation -- by Bradley...
This paper presents a two-step identification argument for a large class of quasilinear utility trading games, imputing agents' values using revealed preference based on their choices from a convex...
View ArticleTesting -- by Annika B. Bergbauer, Eric A. Hanushek, Ludger Woessmann
School systems regularly use student assessments for accountability purposes. But, as highlighted by our conceptual model, different configurations of assessment usage generate performance-conducive...
View ArticleDemography, Unemployment, Automation, and Digitalization: Implications for...
Globally, an estimated 734 million jobs will be required between 2010 and 2030 to accommodate recent and ongoing demographic shifts, account for plausible changes in labour force participation rates,...
View ArticleChinese Region to Shut Down 'Illegal' Bitcoin Miners By September
China's Xinjiang autonomous region is set to halt "illegal" bitcoin mining operations by the end of August, a government agency has confirmed.Â
View ArticleESMA Review Finds Improvements With NCAS’ Supervision Of The...
The European Securities and Market Authority (ESMA) has issued today a follow-up report regarding oversight by national competent authorities (NCAs) of the Markets in Financial Instruments Directive...
View ArticleFrench Tech Star Navya Lists On Euronext - Around €38 Million Raised -...
Euronext today welcomed Navya, the French leader in autonomous vehicles and smart shared mobility solutions, to its Paris’ market.read more...
View ArticleSEC Delays Decision on Asset Manager's Bitcoin ETFs Until September
The SEC has delayed a decision on whether to approve five bitcoin-related ETFs, public documents reveal.
View ArticleHubble Researcher Focuses on Blockchain for Space Data Processing
A Hubble Space Telescope researcher is testing a blockchain network for processing the vast amounts of data produced.
View ArticleSEC Charges Failed Fyre Festival Founder And Others With $27.4 Million...
The Securities and Exchange Commission today announced that New York entrepreneur William Z. (Billy) McFarland, two companies he founded, a former senior executive, and a former contractor agreed to...
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