Monthly Archives: July 2013

Why missing out on one job application is bad news for your chances in the next

From the Economist: A TRULY informed diner would choose a restaurant based on the quality of the menu and the chef’s experience. The discerning investor would decide which company to back after studying the business plan and meeting the founders. … Continue reading

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Could the Capture of a Mexican Crime Boss Increase Crime?

There has been some concern about increased crime following the arrest of a major Mexican crime boss. Evidence from Melissa Dell supports this concern at the local level. Drug trade-related violence has escalated dramatically in Mexico since 2007, and recent … Continue reading

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Quantifying the Extent of “Mooching”

Here are two quick items that help provide perspective on the generosity (or lack thereof) of the safety net. First, the average household that receives food stamps gets less than $10 per day. In an average month in fiscal year … Continue reading

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Public Health Insurance, Labor Supply, and Employment Lock

From Craig Garthwaite, Tal Gross, Matt Notowidigdo: We study the effect of public health insurance eligibility on labor supply by exploiting the largest public health insurance disenrollment in the history of the United States.  In 2005, approximately 170,000 Tennessee residents abruptly lost … Continue reading

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The Great Recession, Budget Cuts, & Reported Crime

Seth Stephens-Davidowitz cleverly uses google searches to uncover the link between rising unemployment and child abuse. After declining for many years in the United States, the searches that seem to have come from abuse victims themselves rose as soon as … Continue reading

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Learning about CEO Ability

From Yihui Pan, Tracy Yue Wang, and Michael Weisbach: When there is uncertainty about a CEO’s quality, news about the firm causes rational investors to update their expectation of the firm’s value for two reasons: Updates occur because of the direct effect of … Continue reading

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Six Reasons to Study Capital Taxation

Here are four reasons from Emmanuel Saez: Capital income is about 25% of national income (labor income is 75%) but distribution of capital income is much more unequal than labor income. Capital income inequality is due to differences in savings behavior but also … Continue reading

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The Impact of Sustained Exposure to Air Pollution on Life Expectancy

The NYTimes recently covered an interesting study from Michael Greenstone et al.   Southern Chinese on average have lived at least five years longer than their northern counterparts in recent decades because of the destructive health effects of pollution from the … Continue reading

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Household Debt and the Dynamic Effects of Income Tax Changes

From James Cloyne and Paolo Surico: This paper investigates a new channel in the transmission of fiscal policy: household debt. Using a long span of expenditure survey data and a new narrative measure of exogenous income tax changes for the UK, … Continue reading

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A Century of U.S. Central Banking: Goals, Frameworks, Accountability

From Ben Bernanke: I’d like to thank the National Bureau of Economic Research for organizing this conference in recognition of the Federal Reserve’s centennial, and I’m glad to have the opportunity to participate. In keeping with the spirit of the … Continue reading

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