Books or Laptops? The Cost-Effectiveness of Shifting from Printed to Digital...
Information and communication technologies, such as laptops, can be used for educational purposes as they provide users with computational tools, information storage and communication opportunities,...
View ArticleEducational Homogamy and Assortative Mating Have Not Increased -- by Rania...
Some economists have argued that assortative mating between men and women has increased over the last several decades, thereby contributing to increased family income inequality. Sociologists have...
View ArticleHigh-Skilled Migration and Agglomeration -- by Sari Pekkala Kerr, William...
This paper reviews recent research regarding high-skilled migration. We adopt a data-driven perspective, bringing together and describing several ongoing research streams that range from the...
View ArticleAre Fuel Economy Standards Regressive? -- by Lucas W. Davis, Christopher R....
Despite widespread agreement that a carbon tax would be more efficient, many countries use fuel economy standards to reduce transportation-related carbon dioxide emissions. We pair a simple model of...
View ArticleWhy Does Capital No Longer Flow More to the Industries with the Best Growth...
With functionally efficient capital markets, we expect capital to flow more to the industries with the best growth opportunities. As a result, these industries should invest more and see their assets...
View ArticleDisrupting Education? Experimental Evidence on Technology-Aided Instruction...
We present experimental evidence on the impact of a technology-aided after-school instruction program on learning outcomes in middle school grades in urban India, using a lottery that provided students...
View ArticleAutomated Economic Reasoning with Quantifier Elimination -- by Casey B. Mulligan
Many theorems in economics can be proven (and hypotheses shown to be false) with "quantifier elimination." Results from real algebraic geometry such as Tarski's quantifier elimination theorem and...
View ArticleCoal Smoke and the Costs of the Industrial Revolution -- by W. Walker Hanlon
While the Industrial Revolution brought economic growth, there is a long debate in economics over the costs of the pollution externalities that accompanied early industrialization. To help settle this...
View ArticleLabor Supply Elasticities: Overcoming Nonclassical Measurement Error Using...
We measure the impact of measurement error in labor-supply elasticities estimated over recalled usual work hours, as is ubiquitous in the literature. Employing hours of work in diaries collected by the...
View ArticleA Poor Means Test? Econometric Targeting in Africa -- by Caitlin Brown,...
Proxy-means testing is a popular method of poverty targeting with imperfect information. In a now widely-used version, a regression for log consumption calibrates a proxy-means test score based on...
View ArticleDisappearing Routine Jobs: Who, How, and Why? -- by Guido Matias Cortes, Nir...
We study the deterioration of employment in middle-wage, routine occupations in the United States in the last 35 years. The decline is primarily driven by changes in the propensity to work in routine...
View ArticleImproving the Quality of Choices in Health Insurance Markets -- by Jason...
Insurance product choice is a central feature of health insurance markets in the United States, yet there is ongoing concern over whether consumers choose appropriately in such markets - and little...
View ArticleThe Demand for Bad Policy when Voters Underappreciate Equilibrium Effects --...
Although most of the political-economy literature blames inefficient policies on institutions or politicians' motives to supply bad policy, voters may themselves be partially responsible by demanding...
View ArticleEvidence on the Relationship between Recruiting and Starting Wage -- by R....
Using data from the Employment Opportunity Pilot Project, we examine the relationship between the starting wage paid to the worker filling a vacancy, the number of applications attracted by the...
View ArticleFracking, Drilling, and Asset Pricing: Estimating the Economic Benefits of...
We quantify the effect of a significant technological innovation, shale oil development, on asset prices. Using stock returns on major news announcement days allows us to link aggregate stock price...
View ArticleThe New Lifecycle of Women's Employment: Disappearing Humps, Sagging Middles,...
A new lifecycle of women's employment emerged with cohorts born in the 1950s. For prior cohorts, lifecycle employment had a hump shape; it increased from the twenties to the forties, hit a peak and...
View ArticleDrug Shortages, Pricing, and Regulatory Activity -- by Christopher Stomberg
This study examines the patterns and causes of shortages in generic non-injectable drugs (e.g., tablets and topicals) in the United States. While shortages for injectable drugs have garnered more...
View ArticleCorrective Policy and Goodhart's Law: The Case of Carbon Emissions from...
Firms sometimes comply with externality-correcting policies by gaming the measure that determines policy. We show theoretically that such gaming can benefit consumers, even when it induces them to make...
View ArticleThe Fading American Dream: Trends in Absolute Income Mobility Since 1940 --...
We estimate rates of "absolute income mobility" - the fraction of children who earn more than their parents - by combining historical data from Census and CPS cross-sections with panel data for recent...
View ArticleBombs and Babies: US Navy Bombing Activity and Infant Health in Vieques,...
We study the relationship between in utero exposure to military exercises and children's early-life health outcomes in a no-war zone. This allows us to document non-economic impacts of military...
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