In the Shadows of the Government: Relationship Building During Political...
We document that following a turnover of the Party Secretary or mayor of a city in China, firms (especially private firms) headquartered in that city significantly increase their "perk spending." Both...
View ArticleMoney Markets, Collateral and Monetary Policy -- by Fiorella De Fiore, Marie...
Interbank money markets have been subject to substantial impairments in the recent decade, such as a decline in unsecured lending and substantial increases in haircuts on posted collateral. This paper...
View ArticleThe Causal Link between Relative Age Effect and Entrepreneurship: Evidence...
We use an extensive panel of 17 million individuals born between 1947 and 1995 from China's largest online marketplace, Taobao, to study the impact of RAE on the propensity to become an entrepreneur....
View ArticleMoney Markets, Collateral and Monetary Policy -- by Fiorella De Fiore, Marie...
Interbank money markets have been subject to substantial impairments in the recent decade, such as a decline in unsecured lending and substantial increases in haircuts on posted collateral. This paper...
View ArticleShackling the Identification Police? -- by Christopher J. Ruhm
This paper examines potential tradeoffs between research methods in answering important questions versus providing more cleanly identified estimates on problems that are potentially of lesser interest....
View ArticleMoney Markets, Collateral and Monetary Policy -- by Fiorella De Fiore, Marie...
Interbank money markets have been subject to substantial impairments in the recent decade, such as a decline in unsecured lending and substantial increases in haircuts on posted collateral. This paper...
View ArticleShackling the Identification Police? -- by Christopher J. Ruhm
This paper examines potential tradeoffs between research methods in answering important questions versus providing more cleanly identified estimates on problems that are potentially of lesser interest....
View ArticleMoney Markets, Collateral and Monetary Policy -- by Fiorella De Fiore, Marie...
Interbank money markets have been subject to substantial impairments in the recent decade, such as a decline in unsecured lending and substantial increases in haircuts on posted collateral. This paper...
View ArticleShackling the Identification Police? -- by Christopher J. Ruhm
This paper examines potential tradeoffs between research methods in answering important questions versus providing more cleanly identified estimates on problems that are potentially of lesser interest....
View ArticleThe Causal Link between Relative Age Effect and Entrepreneurship: Evidence...
We use an extensive panel of 17 million individuals born between 1947 and 1995 from China's largest online marketplace, Taobao, to study the impact of RAE on the propensity to become an entrepreneur....
View ArticleImmigrant Entrepreneurs and Innovation in the U.S. High-Tech Sector -- by J....
We estimate differences in innovation behavior between foreign versus U.S.-born entrepreneurs in high-tech industries. Our data come from the Annual Survey of Entrepreneurs, a random sample of firms...
View ArticleWhen Labor’s Lost: Health, Family Life, Incarceration, and Education in...
The economic progress of U.S. men has stagnated in recent decades, with declining labor force participation and weak growth in real earnings, particularly for less educated and non-white men. In this...
View ArticleThe Efficiency and Distributional Effects of Alternative Residential...
Electricity tariffs typically charge residential users a volumetric rate that covers the bulk of energy, transmission, and distribution costs. The resulting prices, charged per unit of electricity...
View ArticleHow Does Supplemental Medicare Coverage Affect the Disabled Under-65...
A substantial portion of the costs associated with, and the value to beneficiaries of, Social Security Disability Insurance is Medicare eligibility. However, the benefits of this eligibility can vary...
View ArticleProductivity Measurement: Racing to Keep Up -- by Daniel E. Sichel
This paper provides a non-technical review of the literature and issues related to the measurement of aggregate productivity. I begin with a discussion of productivity measures, their performance in...
View ArticleThe Dynamics of the U.S. Trade Balance and Real Exchange Rate: The J Curve...
We study how changes in trade barriers contributed to the dynamics of the US trade balance and real exchange rate since 1980 - a period when trade tripled. Using two dynamic trade models, we decompose...
View ArticleImmigration and Preferences for Redistribution in Europe -- by Alberto...
We examine the relationship between immigration and attitudes toward redistribution using a newly assembled data set of immigrant stocks for 140 regions of 16 Western European countries. Exploiting...
View ArticleHow Do Americans Repay Their Debt? The Balance-Matching Heuristic -- by John...
In Gathergood et al. (forthcoming), we studied credit card repayments using linked data on multiple cards from the United Kingdom. We showed that individuals did not allocate payments to the higher...
View ArticleThe Endowment Model and Modern Portfolio Theory -- by Stephen G. Dimmock,...
We develop a dynamic portfolio-choice model with illiquid alternative assets to analyze conditions under which the âEndowment Model,â used by some large institutional investors such as university...
View ArticleAmbiguity Attitudes about Investments: Evidence from the Field -- by Kanin...
Using an incentivized survey and a representative sample of investors, we elicit ambiguity attitudes toward a familiar company stock, a local stock index, a foreign stock index, and a crypto currency....
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