Understanding why black women are not working longer -- by Joanna Lahey
Black women in current cohorts ages 50 to 72 years have lower employment than similar white women, despite having had higher employment when they were middle-aged and younger. Earlier cohorts of older...
View ArticleParental Resources and College Attendance: Evidence from Lottery Wins -- by...
We examine more than one million children whose parents won a state lottery to trace out the effect of additional household resources on college outcomes. The analysis draws on the universe of federal...
View ArticleWhy Do Estimates of the EMU Effect On Trade Vary so Much? -- by Andrew K. Rose
Larger data sets, with more countries and a longer span of time, exhibit systematically larger effects of European monetary union on trade. I establish this stylized fact with meta-analysis and confirm...
View ArticleAggregate Recruiting Intensity -- by Alessandro Gavazza, Simon Mongey,...
We develop a model of firm dynamics with random search in the labor market where hiring firms exert recruiting effort by spending resources to fill vacancies faster. Consistent with micro evidence, in...
View ArticleGlobalization, Inequality and Welfare -- by Pol Antras, Alonso de Gortari,...
This paper studies the welfare implications of trade opening in a world in which trade raises aggregate income but also increases income inequality, and in which redistribution needs to occur via a...
View ArticleQuality Predictability and the Welfare Benefits from New Products: Evidence...
We explore the consequence of quality unpredictability for the welfare benefit of new products, using recent developments in recorded music as our context. Digitization has expanded consumption...
View ArticleTaking Stock of the Evidence on Micro-Financial Interventions -- by Francisco...
We review the empirical evidence on microfinance and asset grants to the ultra poor or microentrepreneurs, and assess our ability to account for this evidence using quantitative theory. Properly...
View ArticleIncentives and Ethics in the Economics of Body Parts -- by Nicola Lacetera
Research shows that properly devised economic incentives increase the supply of blood without hampering its safety; similar effects may be expected also for other body parts such as bone marrow and...
View ArticleMismatch 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 ArticleSWIFT Expands FX Portfolio With New Business Insights Information Service -...
SWIFT announces today that HSBC is the first customer to use its new FX Business Insights information service. The new FX service from SWIFT allows its customers to continuously measure their FX...
View ArticleUBS MTF Market Notice: Symbology Issue- Resolved
Further to notice N14, the reference data issue previously reported has now been resolved.read more...
View Article27Sep/Challenges of low commodity prices for Africa
The impressive growth of many African economies during the past decade was highly dependent on booming commodity markets and strong capital inflows, often related to commodities. With commodity prices...
View Article27Sep/Financial inclusion: guidance on the regulation and supervision of...
The Guidance published today identifies 19 of the total 29 Basel Core Principles where additional guidance is needed in the application of the Core Principles to the supervision of financial...
View ArticleLuxembourg Makes Bold Move Ahead Of COP22 - Llaunches First Green Exchange In...
The Luxembourg Stock Exchange (LuxSE) becomes the first stock exchange globally to introduce a platform for green financial instruments. Branded Luxembourg Green Exchange (LGX), it goes live today....
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