Global Production with Export Platforms -- by Felix Tintelnot
Most international commerce is carried out by multinational firms, which use their foreign affiliates both to serve the market of the host country and to export to other markets outside the host...
View ArticleImpacts and Determinants of Health Levels in Low-Income Countries -- by...
Improved health in low-income countries could considerably improve wellbeing and possibly promote economic growth. The last decade has seen a surge in field experiments designed to understand the...
View ArticleMoral Costs and Rational Choice: Theory and Experimental Evidence -- by James...
The literature exploring other regarding behavior sheds important light on interesting social phenomena, yet less attention has been given to how the received results speak to foundational assumptions...
View ArticleMaternal Education, Parental Investment and Non-Cognitive Skills in Rural...
The importance of non-cognitive skills in determining long-term human capital and labor market outcomes is widely acknowledged, but relatively little is known about how educational investments by...
View ArticleNon-durable Consumption and Housing Net Worth in the Great Recession:...
In an influential paper, Mian, Rao and Sufi (2013) exploit geographic variation in housing supply elasticities to measure the effect of changes in the housing share of net worth on total household...
View ArticleDemocracy for Polarized Committees: The Tale of Blotto's Lieutenants -- by...
In polarized committees, majority voting disenfranchises the minority. Allowing voters to spend freely a fixed budget of votes over multiple issues restores some minority power. However, it also...
View ArticleMacroeconomics of Persistent Slumps -- by Robert E. Hall
In modern economies, sharp increases in unemployment from major adverse shocks result in long periods of abnormal unemployment and low output. This chapter investigates the processes that account for...
View ArticleFamily Ruptures, Stress, and the Mental Health of the Next Generation -- by...
This paper studies how in utero exposure to maternal stress from family ruptures affects later mental health. We find that prenatal exposure to the death of a maternal relative increases take-up of...
View ArticleWhat Do Test Scores Miss? The Importance of Teacher Effects on Non-Test Score...
This paper extends the traditional test-score value-added model of teacher quality to allow for the possibility that teachers affect a variety of student outcomes through their effects on both...
View ArticleIdentifying Ambiguity Shocks in Business Cycle Models Using Survey Data -- by...
We develop a framework to analyze economies with agents facing time-varying concerns for model misspecification. These concerns lead agents to interpret economic outcomes and make decisions through the...
View ArticleOptimal Capital Controls and Real Exchange Rate Policies: A Pecuniary...
A new theoretical literature studies the use of capital controls to prevent financial crises in models in which pecuniary externalities justify government intervention. Within the same theoretical...
View ArticleDeposit Insurance: Theories and Facts -- by Charles W. Calomiris, Matthew...
Economic theories posit that bank liability insurance is designed as serving the public interest by mitigating systemic risk in the banking system through liquidity risk reduction. Political theories...
View ArticleThe Effect of Single-Sex Education on Academic Outcomes and Crime: Fresh...
In 2010, the Ministry of Education in Trinidad and Tobago converted 20 low-performing pilot secondary schools from coed to single-sex. I exploit these conversions to identify the causal effect of...
View ArticleCompulsory Voting, Turnout, and Government Spending: Evidence from Austria --...
We study a unique quasi-experiment in Austria, where compulsory voting laws are changed across Austria's nine states at different times. Analyzing state and national elections from 1949-2010, we show...
View ArticleOpen Access as a Crude Solution to a Hold-up Problem in the Two-Sided Market...
The move from traditional to open-access journals--which charge no subscription fees, only submission fees--is gaining support in academia. We analyze a two-sided-market model in which journals cannot...
View ArticleCommunication in Vertical Markets: Experimental Evidence -- by Claudia...
When an upstream monopolist supplies several competing downstream firms, it may fail to monopolize the market because it is unable to commit not to behave opportunistically. We build on previous...
View ArticleThe Requirements of Jobs: Evidence from a Nationally Representative Survey --...
The Occupational Requirements Survey (ORS) is a new survey at the Bureau of Labor Statistics which collects data on the educational, cognitive, and physical requirements of jobs, as well as the...
View ArticleMultifaceted Aid for Low-Income Students and College Outcomes: Evidence from...
Launched in 2004, the Carolina Covenant combines grant-heavy financial aid with an array of non-financial supports for low-income students at an elite public university. We find that the program...
View ArticleNewer Need Not be Better: Evaluating the Penn World Tables and the World...
Nighttime lights data are a measure of economic activity whose error is plausibly independent of the measurement errors of most conventional indicators. Therefore, we can use nighttime lights as an...
View ArticleLabor Supply in the Past, Present, and Future: a Balanced-Growth Perspective...
What explains how much people work? Going back in time, a main fact to address is the steady reduction in hours worked. The long-run data, for the U.S. as well as for other countries, show a striking...
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