Attributing Medical Spending to Conditions: A Comparison of Methods -- by...
Partitioning medical spending into conditions is essential to understanding the cost burden of medical care. Two broad strategies have been used to measure disease-specific spending. The first...
View ArticleMarket Access, Trade Costs, and Technology Adoption: Evidence from Northern...
In this paper, we quantify market access in rural Tanzania, and the extent to which it constrains agricultural productivity. We collect granular data on farmer input and sales decisions, input and...
View ArticleReputation Cycles and Earnings Dynamics -- by Boyan Jovanovic, Julien Prat
Cyclical patterns in earnings can arise when contracts between firms and their workers are incomplete, and when workers cannot borrow or lend so as to smooth their consumption. Earnings cycles generate...
View ArticleTeacher Expectations Matter -- by Nicholas W. Papageorge, Seth Gershenson,...
We develop and estimate a joint model of the education and teacher-expectation production functions that identifies both the distribution of biases in teacher expectations and the impact of those...
View ArticleReputation Cycles and Earnings Dynamics -- by Boyan Jovanovic, Julien Prat
Cyclical patterns in earnings can arise when contracts between firms and their workers are incomplete, and when workers cannot borrow or lend so as to smooth their consumption. Earnings cycles generate...
View ArticleThe Long-Run Impacts of Same-Race Teachers -- by Seth Gershenson, Cassandra...
We examine the impact of having a same-race teacher on students' long-run educational attainment. Leveraging random student-teacher pairings in the Tennessee STAR class-size experiment, we find that...
View ArticleClimatic Roots of Loss Aversion -- by Oded Galor, Viacheslav Savitskiy
This research explores the origins of loss aversion and the variation in its prevalence across regions, nations and ethnic group. It advances the hypothesis and establishes empirically that the...
View ArticleVolatility Risk Pass-through -- by Riccardo Colacito, Mariano Max Croce, Yang...
We develop a novel measure of volatility pass-through to assess international propagation of output volatility shocks to macroeconomic aggregates, equity prices, and currencies. An increase in...
View ArticleThe Micro-Level Anatomy of the Labor Share Decline -- by Matthias Kehrig,...
The aggregate labor share in U.S. manufacturing declined from 62 percentage points (ppt) in 1967 to 41 ppt in 2012. The labor share of the typical U.S. manufacturing establishment, in contrast, rose by...
View ArticleHeterogeneity in Expectations, Risk Tolerance, and Household Stock Shares:...
This paper jointly estimates the relationship between stock share and expectations and risk preferences. The survey allows individual-level, quantitative estimates of risk tolerance and of the...
View ArticleLearning by Suffering? Patterns in Flu Shot Take-up -- by Ginger Zhe Jin,...
An annual flu shot is one of the least controversial and most widely-recommended preventative health measures. In spite of such advice, only a fraction of those who are suggested to get a flu shot...
View ArticleNon-Randomly Sampled Networks: Biases and Corrections -- by Chih-Sheng Hsieh,...
This paper analyzes statistical issues arising from non-representative network samples of the population, the most common network data used. We first characterize the biases in both network statistics...
View ArticleGreen Technology Diffusion: A Post-Mortem Analysis of the Eco-Patent Commons...
We revisit the effect of the "Eco-Patent Commons" (EcoPC) on the diffusion of patented environmentally friendly technologies following its discontinuation in 2016, using both participant survey and...
View ArticleMeasuring Technological Innovation over the Long Run -- by Bryan Kelly,...
We use textual analysis of high-dimensional data from patent documents to create new indicators of technological innovation. We identify significant patents based on textual similarity of a given...
View ArticleBorder Walls -- by Treb Allen, Caue de Castro Dobbin, Melanie Morten
What are the economic impacts of a border wall between the United States and Mexico? We use confidential data on bilateral flows of primarily unauthorized Mexican workers to the United States to...
View ArticleLong-term and Intergenerational Effects of Education: Evidence from School...
In 1973, the Indonesian government began one of the largest school construction programs ever. We use 2016 nationally representative data to examine the long-term and intergenerational effects of...
View ArticleBenchmark Regulation of Multiproduct Firms: An Application to the Rail...
A number of formerly regulated multiproduct industries have a transitional or permanent residual regulatory mandate to protect consumers from "excessive" prices. The legislation that deregulated most...
View ArticleThe Paper Money of Colonial North Carolina, 1712-74: Reconstructing the...
Beginning in 1712, North Carolina's assembly emitted its own paper money and maintained some amount of paper money in public circulation for the rest of the colonial period. Yet, data on colonial North...
View ArticleDo Male Workers Prefer Male Leaders? An Analysis of Principals' Effects on...
Using a 40-year panel of all public school teachers and principals in New York State, we explore how female principals affect rates of teacher turnover--an important determinant of school quality. We...
View ArticleHealth and the Wage: Cause, Effect, Both, or Neither? New Evidence on an Old...
We investigate two-way causality between health and the hourly wage by employing insights from the human capital and compensating wage differential models, a panel formed from the National Longitudinal...
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