Category Archives: Uncategorized

Valuing The Vote:
 Evidence from the Voting Rights Act of 1965

From Elizabeth Cascio and Ebonya Washington: The Voting Rights Act of 1965 (VRA) has been called one of the most effective pieces of civil rights legislation in U.S. history, having generated dramatic increases in black voter registration across the South. We show … Continue reading

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Great Questions from Paul Krugman

Why have profits been so strong in a weak economy? Why, with profits so high, don’t businesses find reason to invest more (equipment investment is actually fairly strong, but construction remains weak). (For the seriously wonkish, why do average and marginal … Continue reading

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Do Higher Corporate Taxes Reduce Wages? Micro Evidence from Germany

From Clemens Fuest, Andreas Peichl, and  Sebastian Siegloch: Because of endogeneity problems very few studies have been able to identify the incidence of corporate taxes on wages. We circumvent these problems by using an 11-year panel of data on 11,441 German … Continue reading

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Local Economic Development, Agglomeration Economies and the Big Push: 100 Years of Evidence from the Tennessee Valley Authority

Here’s an interesting paper from Pat Kline and Enrico Moretti on local economic development, agglomeration, and the Big Push. We study the long run effects of one of the most ambitious place based economic development policies in U.S. history: the … Continue reading

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It Takes a Regime Shift: Recent Developments in Japan through the Lens of the Great Depression

A recent paper from Christy Romer (via Greg Mankiw).

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The Miracle of Microfinance? Evidence from a Randomized Evaluation

From Esther Duflo, Abhijit Banerjee, Rachel Glennerster, Cynthia G. Kinnan:  ABSTRACT: This paper reports on the first randomized evaluation of the impact of introducing the standard microcredit group-based lending product in a new market.  In 2005, half of 104 slums in Hyderabad, India were randomly … Continue reading

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Worker Flows Over the Business Cycle: the Role of Firm Quality

Lisa Kahn and Erika McEntarfer have an interesting paper on worker flows, firm quality, and the business cycle. They define firm quality as average pay (and their findings are robust to using other sensible definitions). Here’s one of their key … Continue reading

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Does Entrepreneurship Pay? The Michael Bloombergs, the Hot Dog Vendors, and the Returns to Self-Employment

From an interesting paper by Ross Levine and Yona Rubinstein: We find that the incorporated self-employed earn much more per hour and work many more hours than salaried and unincorporated workers.  After conditioning on standard Mincerian characteristics, the incorporated self-employed have … Continue reading

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Large Variation in Hospital Billing: Three Preliminary Takeaways from New U.S. Data

The NYTimes has an interesting article on variation in hospital billing. In addition to highlighting substantial dispersion for the same procedure even within local areas (e.g. “a hospital in Livingston, N.J., charged $70,712 on average to implant a pacemaker, while … Continue reading

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Where the Jobs for the Young Are and Aren’t

David Leonhardt has a nice post with this graphic on regional variation epop among young adults aged 25-34.

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