Monthly Archives: September 2013

Where the Good Jobs Are—and Why

From Enrico Moretti: The American labor market is recovering from a painful recession. But the recovery is geographically uneven. While some parts of the country are booming, others are still stuck in a deep recession. Two groups of localities have … Continue reading

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Monetary Policy and Long-Term Real Rates

From Sam Hanson and Jeremy Stein: Changes in monetary policy have surprisingly strong effects on forward real rates in the distant future. A 100 basis-point increase in the 2-year nominal yield on an FOMC announcement day is associated with a 42 … Continue reading

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Do Political Protests Matter? Evidence from the Tea Part Movement

From Andreas Madestam, Daniel Shoag, Stan Veuger, and David Yanagizawa-Drott:  Can protests cause political change, or are they merely symptoms of underlying shifts in policy preferences? This paper studies the effect of the Tea Party movement in the United States, which rose … Continue reading

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The More Things Change, the More They Stay the Same: The Safety Net, Living Arrangements, and Poverty in the Great Recession

From Marianne Bitler and Hilary Hoynes: Much attention has been given to the large increase in safety net spending, particularly in Unemployment Insurance and Food Stamps, during the Great Recession. In this paper we examine the relationship between poverty, the social and … Continue reading

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Do Tax Credits Stimulate R&D Spending? The Effect of the R&D Tax Credit in its First Decade

From Nirupama Rao: This paper examines the impact of the R&D tax credit between 1981-1991 using confidential IRS data from corporate tax returns. The key advances on previous work are an instrumental variables strategy based on tax law changes that addresses … Continue reading

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Long-Term Unemployment and the Great Recession: The Role of Composition, Duration Dependence, and Non-Participation

From Kory Kroft, Fabian Lange, Larry Katz, and Matt Notowidigdo: We explore the extent to which composition, duration dependence, and non-participation can account for the sharp increase in long-term unemployment (LTU) during the Great Recession. We first show that compositional shifts in … Continue reading

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Universal Pre-School And Social Class: How Exposure to Peers from Poor Families Affects Students

First, I love these BPEA videos. Second, this one by Elizabeth Cascio and Diane Whitmore Schanzenbach, was quite interesting. Justin Wolfers notes that in two states that introduced universal Pre-K, poor families signed up (so their kids wouldn’t have gone otherwise) … Continue reading

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