Global Value Chains and Inequality with Endogenous Labor Supply -- by Eunhee...
We assess the role of global value chains in transmitting global integration shocks to aggregate trade, as well as distributional outcomes. We develop a multi-country general equilibrium trade model...
View ArticleThe Determinants of Teachers' Occupational Choice -- by Kevin Lang, Maria...
Among college graduates, teachers have both low average AFQT and high average risk aversion, perhaps because the compression of earnings within teaching attracts relatively risk-averse individuals....
View ArticleProbing for Informal Work Activity -- by Katharine G. Abraham, Ashley Amaya
The Current Population Survey (CPS) is the source of official U.S. labor force statistics. The wording of the CPS employment questions may not always cue respondents to include informal work in their...
View ArticleGovernment Decentralization Under Changing State Capacity: Experimental...
Standard models of hierarchy assume that agents and middle managers are better informed than principals about how to implement a particular task. We estimate the value of the informational advantage...
View ArticleSticking to Your Plan: The Role of Present Bias for Credit Card Paydown -- by...
Using high-frequency transaction-level income, spending, balances, and credit limits data from an online financial service, we show that many consumers fail to stick to their self-set debt paydown...
View ArticleDoes Television Kill Your Sex Life? Microeconometric Evidence from 80...
The canonical consumer demand model predicts that as the price of a substitute decreases, quantity demanded for a good decreases. In the case of demand for sexual activity and availability of...
View ArticleRisks and Returns of Cryptocurrency -- by Yukun Liu, Aleh Tsyvinski
We establish that the risk-return tradeoff of cryptocurrencies (Bitcoin, Ripple, and Ethereum) is distinct from those of stocks, currencies, and precious metals. Cryptocurrencies have no exposure to...
View ArticleIncarceration Spillovers in Criminal and Family Networks -- by Manudeep...
Using quasi-random assignment of criminal cases to judges, we estimate large incarceration spillovers in criminal and brother networks. When a defendant is sent to prison, there are 51 and 32...
View ArticleQuasi-Experimental Methods in Environmental Economics: Opportunities and...
This paper examines the application of quasi-experimental methods in environmental economics. We begin with two observations: i) standard quasi-experimental methods, first applied in other...
View ArticleAging, Output Per Capita and Secular Stagnation -- by Gauti B. Eggertsson,...
This paper re-examines the relationship between population aging and economic growth. We confirm previous research such as Cutler, Poterba, Sheiner, and Summers (1990) and Acemoglu and Restrepo (2017)...
View ArticleChoosing between Growth and Glory -- by Sharon Belenzon, Aaron Chatterji,...
Prior work has established that the financing environment can impact firm strategy. We argue that this influence can shape the earliest strategic choices of a new venture by creating a potential...
View ArticleInequality Aversion, Populism, and the Backlash Against Globalization -- by...
Motivated by the recent rise of populism in western democracies, we develop a model in which a populist backlash emerges endogenously in a growing economy. In the model, voters dislike inequality,...
View ArticleDo the Rich Get Richer in the Stock Market? Evidence from India -- by John Y....
We use data on Indian stock portfolios to show that return heterogeneity is the primary contributor to increasing inequality of wealth held in risky assets by Indian individual investors. Return...
View ArticleThe Effect of Disenrollment from Medicaid on Employment, Insurance Coverage,...
This study examines the effect of a Medicaid disenrollment on employment, sources of health insurance coverage, health, and health care utilization of childless adults using longitudinal data from the...
View ArticleEconomic and Non-Economic Factors in Violence: Evidence from Organized Crime,...
Organized intergroup violence is almost universally modeled as a calculated act motivated by economic factors. In contrast, it is generally assumed that non-economic factors, such as an individual's...
View ArticleMeasuring Bilateral Exports of Value Added: A Unified Framework -- by Bart...
We provide a unified framework for measuring bilateral exports of value added. We outline a general methodology that encompasses the measures introduced by Johnson and Noguera (2012) (value added...
View ArticleSeasonal Adjustment of NIPA data -- by Jonathan H. Wright
In the 2018 comprehensive update of the national income and product accounts, the Bureau of Economic Analysis released not seasonally adjusted data, and modified its seasonal adjustment procedures. I...
View ArticleClimate Shocks, Cyclones, and Economic Growth: Bridging the Micro-Macro Gap...
Empirical analyses of the impacts of climatic shocks on growth, while critical for policy, have found seemingly disparate results and are seldom incorporated into macroeconomic climate-economy models....
View ArticleThe Impacts of Export Taxes on Agricultural Trade -- by Jayson Beckman,...
Export taxes, despite being applied by several countries, have not received the same scrutiny in multilateral trade negotiations as other trade barriers. This work seeks to provide more detail into the...
View ArticleChanges in Household Diet: Determinants and Predictability -- by Stefan Hut,...
We use grocery purchase data to analyze dietary changes. We show that households - including those with more income or education - do not improve diet in response to disease diagnosis or changes in...
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