Mismatch Unemployment and the Geography of Job Search -- by Ioana Marinescu,...
Could we significantly reduce U.S. unemployment by helping job seekers move closer to jobs? Using data from the leading employment board CareerBuilder.com, we show that, indeed, workers dislike...
View ArticleApplying Behavioral Economics to Public Policy in Canada -- by Robert French,...
Behavioural economics incorporates ideas from Psychology, Sociology, and Neuroscience to better predict how individuals make long-term decisions. Often the ideas adopted include present or inattention...
View ArticleCan Cash Transfers Help Households Escape an Inter-Generational Poverty Trap?...
Many poor households in developing countries are liquidity-constrained. As a result, they may under-invest in the human capital of their children. We provide new evidence on the long-term (10-year)...
View ArticleIs American Pet Health Care (Also) Uniquely Inefficient? -- by Liran Einav,...
We document four similarities between American human healthcare and American pet care: (i) rapid growth in spending as a share of GDP over the last two decades; (ii) strong income-spending gradient;...
View ArticlePublic School Quality Valuation Over the Business Cycle -- by Stuart Gabriel,...
Over the years 2000 to 2013, the Los Angeles real estate market featured a boom, a bust, and then another boom. We use this variation to test how the hedonic valuation of school quality varies over the...
View ArticleThe Rise and Nature of Alternative Work Arrangements in the United States,...
To monitor trends in alternative work arrangements, we conducted a version of the Contingent Worker Survey as part of the RAND American Life Panel in late 2015. The findings point to a significant rise...
View ArticleA Doctor Will See You Now: Physician-Patient Relationships and Clinical...
We estimate the effect of physician-patient relationships on clinical decisions in a setting where the treating physician is as good as randomly assigned. OBs are 25% (4 percentage points) more likely...
View ArticleThe Consequences of Long Term Unemployment: Evidence from Matched...
It is well known that the long-term unemployed fare worse in the labor market than the short-term unemployed, but less clear why this is so. One potential explanation is that the long-term unemployed...
View ArticleA Simpler Theory of Optimal Capital Taxation -- by Emmanuel Saez, Stefanie...
This paper develops a theory of optimal capital taxation that expresses optimal tax formulas in sufficient statistics following the methodology of optimal labor income taxation. We first consider a...
View ArticleAccounting for Business Cycles -- by Pedro Brinca, V. V. Chari, Patrick J....
We elaborate on the business cycle accounting method proposed by Chari, Kehoe, and McGrattan (2007), clear up some misconceptions about the method, and then apply it to compare the Great Recession...
View ArticleSurplus-Debt Regressions -- by Eric M. Leeper, Bing Li
Single-equation estimates of fiscal reaction functions, which relate primary surpluses to past debt-GDP ratios and control variables, are subject to potentially serious simultaneity bias that can...
View ArticlePay Now or Pay Later?: The Economics within the Private Equity Partnership --...
The economics of partnerships have been of enduring interest to economists, but many issues regarding intergenerational conflicts and their impact on the continuity of these organizations remain...
View ArticleTo the New World and Back Again: Return Migrants in the Age of Mass Migration...
We compile large datasets from Norwegian and US historical censuses to study return migration during the Age of Mass Migration (1850-1913). Return migrants were somewhat negatively selected from the...
View ArticleThomson Reuters Launches D&I Index Reveals Top 100 Most Diverse &...
Thomson Reuters today announced the launch of its new Diversity & Inclusion (D&I) Index. The D&I Index ranks the top 100 publicly traded companies globally with the most diverse and...
View ArticleSoramitsu Announces "Iroha," A Proposal To The Linux Foundation's...
Makoto Takemiya and Ryu Okada; hereafter, "Soramitsu") has announced today the open sourcing and proposal of a distributed ledger technology (blockchain) platform called "Iroha" to the Hyperledger...
View ArticleBetter Finance: To Succeed, The Capital Markets Union Now Needs To Focus On...
Launched in 2015, the Capital Markets Union (CMU) is a plan by the European Commission to mobilise capital in Europe, with the aim of unlocking billions of euros in additional funding for businesses...
View ArticleCME Group To Transition Dairy Spot Call To CME Direct Auction Platform
CME Group, the world's leading and most diverse derivatives marketplace, today announced that in December it will begin transitioning its CME Dairy Spot Call, for daily price discovery in physical...
View ArticleKeynote Remarks Of CFTC Chairman Timothy Massad Before The SIFMA Annual Meeting
Thank you for that kind introduction. I’m very pleased to be with you today.read more...
View ArticleQuotes For NEO-Listed Securities Now Available On Globe And Mail Website
NEO Exchange Inc. (“NEO Exchange” or “NEO”) today announced that The Globe and Mail is now offering live quotes for NEO-listed securities on its Globe Investor site. The Globe and Mail is one of...
View ArticleCFTC Orders Advanced Trading Workshop, Inc. Of Jamesville, New York, To Pay A...
The U.S. Commodity Futures Trading Commission today issued an Order filing and simultaneously settling charges against Respondent Advanced Trading Workshop, Inc. (ATW) of Jamesville, New York, for...
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