Debt Crises: For Whom the Bell Tolls -- by Harold Cole, Daniel Neuhann,...
What a country has done in the past, and what other countries are doing in the present, can feedback for good or for ill in debt markets. We develop a simple model of sovereign bond markets with global...
View ArticleMigration and Redistribution: Why the Federal Governance of an Economic Union...
Federal governance matters. Policy coordination allows the economic union to exercise monopsony power over migrants. Therefore the migration volumes under the policy-competition regime exceed those...
View ArticleThe Effect of Pollution on Worker Productivity: Evidence from Call-Center...
We investigate the effect of pollution on worker productivity in the service sector by focusing on two call centers in China. Using precise measures of each worker's daily output linked to daily...
View ArticleManagement as a Technology? -- by Nicholas Bloom, Raffaella Sadun, John Van...
Are some management practices akin to a technology that can explain company and national productivity, or do they simply reflect contingent management styles? We collect data on core management...
View ArticleIndividual Migration and Household Incomes -- by Julia Garlick, Murray...
We estimate the returns to internal migration in South Africa. These appear to be the first nationally representative estimates of the return to migration for any African country-- a somewhat...
View ArticleCollege Attrition and the Dynamics of Information Revelation -- by Peter...
This paper investigates the role played by informational frictions in college and the workplace. We estimate a dynamic structural model of schooling and work decisions, where individuals have imperfect...
View ArticleFinancing Durable Assets -- by Adriano A. Rampini
This paper studies the effect of durability on the financing of durable assets. We show that more durable assets require larger down payments of internal funds per unit of capital making them harder to...
View ArticleTuskegee and the Health of Black Men -- by Marcella Alsan, Marianne Wanamaker
For forty years, the Tuskegee Study of Untreated Syphilis in the Negro Male passively monitored hundreds of adult black males with syphilis despite the availability of effective treatment. The study's...
View ArticleThe Incidental Fertility Effects of School Condom Distribution Programs -- by...
While the fertility effects of improving teenagers' access to contraception are theoretically ambiguous, most empirical work has shown that access decreases teen fertility. In this paper, we consider...
View ArticleThe Political Economy of Underfunded Municipal Pension Plans -- by Jeffrey...
This paper analyzes the determinants of underfunding of local government's pension funds using a politico-economic overlapping generations model. We show that a binding downpayment constraint in the...
View ArticleKeeping College Options Open: A Field Experiment to Help All High School...
Recent research suggests that the college application process itself prevents access. This paper reports results from a large school-based experiment in which application assistance is incorporated...
View ArticleMacroeconomics and Household Heterogeneity -- by Dirk Krueger, Kurt Mitman,...
The goal of this chapter is to study how, and by how much, household income, wealth, and preference heterogeneity amplify and propagate a macroeconomic shock. We focus on the U.S. Great Recession of...
View ArticleClaims-Shifting: The Problem of Parallel Reimbursement Regimes -- by Olesya...
Parallel reimbursement regimes, under which providers have some discretion over which payer gets billed for patient treatment, are a common feature of health care markets. In the U.S., the largest such...
View ArticleAdult Mortality Five Years after a Natural Disaster: Evidence from the Indian...
Exposure to extreme events has been hypothesized to affect subsequent mortality because of mortality selection and scarring effects of the event itself. We examine survival at and in the five years...
View ArticleSaudi Arabia's Capital Market Authority: An Announcement Of The Issuance Of...
As part of CMA's continuous efforts to ensure clarity of the implementing regulations of the Capital Market Law to help market participants to recognize their duties, responsibilities and rights, which...
View ArticleThomson Reuters And OTC Markets Group Agree To Add End-Of-Day Pricing Data...
Thomson Reuters has expanded its distribution arrangement with OTC Markets Group to include OTC Markets Group’s End-of-Day Pricing Data for OTCQX®, OTCQB® and Pink® securities. In addition to the...
View ArticleChanges In The Supervisory Board Of Wiener Börse AG And CEESEG AG
At today’s Annual General Meeting of Wiener Börse AG and CEESEG AG, Dieter Hengl, member of the Management Board of UniCredit Bank Austria AG, responsible for Corporate & Investment Banking, was...
View ArticleStatement of Chairman Timothy Massad on Final Rule Amending Reporting and...
Statement of Chairman Timothy Massad on Final Rule Amending Reporting and Recordkeeping Requirements for Cleared Swaps
View ArticleThe Nasdaq Stock Market® Welcomes Five New ETPs In May - First...
Nasdaq (Nasdaq:NDAQ), the single largest U.S. equity exchange by market share, announced five new exchange-traded product (ETP) listings in May, growing the company’s total ETP listings to 264. Three...
View ArticleESMA Updates List Of Recognised Third-Country CCPs
The European Securities and Markets Authority (ESMA) has updated today its list of recognised central counterparties (CCPs) based in third countries. Today’s update concerns the recognition of the US...
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