Monthly Archives: July 2013

State Incentives for Innovation, Star Scientists and Jobs: Evidence from Biotech

From Enrico Moretti and Dan Wilson: We evaluate the effects of state-provided financial incentives for biotech companies, which are part of a growing trend of placed-based policies designed to spur innovation clusters. We estimate that the adoption of subsidies for biotech … Continue reading

Posted in Uncategorized | Tagged , , , , , , , | Leave a comment

A Guide to Survive Math Camp

This is a guest post from Jérémie Cohen-Setton, a friend who is blogging at ECB Watchers and Bruegel. The post gives links to some useful material for Economics Ph.D. program math camps, so that students can understand first year and second … Continue reading

Posted in Uncategorized | Tagged | 5 Comments

Are State Governments Roadblocks to Federal Stimulus? Evidence from Highway Grants in the 2009 Recovery Act

From Sylvain Leduc and Dan Wilson: We examine how state governments adjusted spending in response to the large temporary increase in federal grants under the 2009 American Recovery and Reinvestment Act (ARRA). We concentrate our analysis on ARRA highway grants, which … Continue reading

Posted in Uncategorized | Tagged , , , , , , | 7 Comments

Are Markups Increasing?

Given the recent discussion about trends in corporate profits and market power [see a great FT article by Robin Harding, this op-ed from Paul Krugman, this post from Tyler Cowen, and these two posts of mine], I thought I’d share this figure from … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , | Leave a comment

Peers, Luck & CEO Compensation

From Kelly Shue: I explore how executive social interactions can affect managerial decision making and firm policies using the historical random assignment of MBA students to sections at Harvard Business School. Under the identifying assumption that social bonds are stronger … Continue reading

Posted in Uncategorized | Tagged , , , , | 2 Comments

Equalizing Outcomes and Equalizing Opportunities: Optimal Taxation when Children’s Abilities Depend on Parents’ Resources

From Alex Gelber and Matthew Weinzierl: Empirical research suggests that parents’ economic resources affect their children’s future earnings abilities. Optimal tax policy therefore treats future ability distributions as endogenous to current taxes. We model this endogeneity, calibrate the model to match … Continue reading

Posted in Uncategorized | Tagged , , , , , , | 1 Comment

Agglomeration, Segregation and Social Networks

From Elizabeth Ananat, Shihe Fu, and Stephen Ross: We document that wages of nonwhites, and particularly of blacks, appear to rise less with agglomeration of employment and concentrations of human capital than do white wages. For blacks, this pattern holds even though … Continue reading

Posted in Uncategorized | Tagged , , , , , | 1 Comment