Production and Learning in Teams -- by Kyle Herkenhoff, Jeremy Lise, Guido...
The effect of coworkers on the learning and the productivity of an individual is measured combining theory and data. The theory is a frictional equilibrium model of the labor market in which production...
View ArticleFirm Scope and Spillovers from New Product Innovation: Evidence from Medical...
When firms span related product categories, spillovers across categories become central to firm strategy and industrial policy, due to their potential to foreclose competition and affect innovation...
View ArticleAccounting for Unobservable Heterogeneity in Cross Section Using Spatial...
We propose a simple cross-sectional research design to identify causal effects that is robust to unobservable heterogeneity. When many observational units are adjacent, it may be sufficient to regress...
View ArticleMinimum Wage Increases and Individual Employment Trajectories -- by Ekaterina...
Using administrative employment data from the state of Washington, we use short-duration longitudinal panels to study the impact of Seattle's minimum wage ordinance on individuals employed in low-wage...
View ArticlePatient vs. Provider Incentives in Long Term Care -- by Martin B. Hackmann,...
How do patient and provider incentives affect mode and cost of long-term care? Our analysis of 1 million nursing home stays yields three main insights. First, Medicaid-covered residents prolong their...
View ArticleGeneral Equilibrium Rebound from Energy Efficiency Innovation -- by Derek...
Energy efficiency improvements "rebound" when economic responses undercut their direct energy savings. I show that general equilibrium channels typically amplify rebound by making consumption goods...
View ArticleAssortative Matching or Exclusionary Hiring? The Impact of Firm Policies on...
A growing body of research shows that firms' employment and wage-setting policies contribute to wage inequality and pay disparities between groups. We measure the effects of these policies on racial...
View ArticleTime-Use and Academic Peer Effects in College -- by Nirav Mehta, Ralph...
This paper examines academic peer effects in college. Unique new data from the Berea Panel Study allow us to focus on a mechanism wherein a student's peers affect her achievement by changing her study...
View ArticleThe Impact of Permanent Residency Delays for STEM PhDs: Who leaves and Why --...
This paper assesses whether delays in obtaining permanent residency status can explain recent declines in the share of Chinese and Indian PhD graduates from US STEM programs who remain in the US after...
View ArticleUnemployment and Development -- by Ying Feng, David Lagakos, James E. Rauch
This paper draws on household survey data from countries of all income levels to measure how average unemployment rates vary with income per capita. We document that unemployment is increasing with GDP...
View ArticleComputer Vision and Real Estate: Do Looks Matter and Do Incentives Determine...
How much does the appearance of a house, or its neighbors, impact its price? Do events that impact the incentives facing homeowners, like foreclosure, impact the maintenance and appearance of a home?...
View ArticleHousehold Debt and Recession in Brazil -- by Gabriel Garber, Atif Mian,...
Brazil experienced one of the most severe recessions in its history from 2014 to 2016. Following a pattern shown for previous economic downturns in other countries, the Brazilian recession was preceded...
View ArticleSignaling, Shame, and Silence in Social Learning -- by Arun G. Chandrasekhar,...
We examine how a social stigma of seeking information can inhibit learning. Consider a Seeker of uncertain ability who can learn about a task from an Advisor. If higher-ability Seekers need information...
View ArticleInternational Competition and Adjustment: Evidence from the First Great...
France and Great Britain signed the Cobden Chevalier treaty in 1860 eliminating import prohibitions and lowering tariffs with Britain. This policy change was unexpected by French industry and entirely...
View ArticleEarly Determinants of Work Disability in an International Perspective -- by...
This paper studies the interrelated roles of health and welfare state policies in the decision to take up disability insurance (DI) benefits due to work disability (WD), defined as the (partial)...
View ArticleQuantifying Family, School, and Location Effects in the Presence of...
We extend the control function approach of Altonji and Mansfield (2018) to allow for multiple group levels and complementarities. Our analysis provides a foundation for causal interpretation of...
View ArticleThe Effects of Downstream Competition on Upstream Innovation and Licensing --...
We study how competition between two downstream firms affects an upstream innovator's innovation strategy, which includes selecting how much innovation to produce and whether to license this innovation...
View ArticleLeverage over the Life Cycle and Implications for Firm Growth and Shock...
We study the leverage of U.S. firms over their life-cycle and implications for firm growth and responses to shocks. We use a new dataset that matches private firms' balance sheets to U.S. Census...
View ArticleRational Inattention, Competitive Supply, and Psychometrics -- by Andrew...
Costs of attention, while central to choice behavior, have proven hard to measure. We introduce a simple method of recovering them from choice data. Our recovery method rests on the observation that...
View ArticleMacroeconomic Effects of China's Financial Policies -- by Kaiji Chen, Tao Zha
The Chinese economy has undergone three major phases: the 1978-1997 period marked as the SOE-led economy, the 1998-2015 phase as the investment-driven economy, and the new normal economy since 2016....
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