A Portrait of Trade in Value Added over Four Decades -- by Robert C. Johnson,...
We combine data on trade, production, and input use to document changes in the value added content of trade between 1970 and 2009. The ratio of value-added to gross exports fell by roughly 10...
View ArticleDepression for Economists -- by Jonathan de Quidt, Johannes Haushofer
Major depressive disorder (MDD) is one of the most prevalent mental illnesses worldwide. Existing evidence suggests that it has both economic causes and consequences, such as unemployment. However,...
View ArticleBeliefs about Gender -- by Pedro Bordalo, Katherine B. Coffman, Nicola...
We conduct a laboratory experiment on the determinants of beliefs about own and others' ability across different domains. A preliminary look at the data points to two distinct forces: miscalibration in...
View ArticleAdjustment to Small, Large, and Sunspot Shocks in Open Economies With Stock...
This paper characterizes analytically the adjustment of an open economy with a stock collateral constraint to fundamental and nonfundamental shocks. In the model, external borrowing is limited by the...
View ArticleThe Hidden Resources of Women Working Longer: Evidence from Linked...
Despite women's increased labor force attachment over the lifecycle, household surveys such as the Current Population Survey Annual Social and Economic Supplement (CPS ASEC) do not show increases in...
View ArticleThe Response of Consumer Spending to Changes in Gasoline Prices -- by Michael...
This paper estimates how overall consumer spending responds to changes in gasoline prices. It uses the differential impact across consumers of the sudden, large drop in gasoline prices in 2014 for...
View ArticleThe Political Economy of Weak Treaties -- by Marco Battaglini, Bard Harstad
In recent decades, democratic countries have signed hundreds of international environmental agreements (IEAs). Most of these agreements, however, are weak: they generally do not include effective...
View ArticleWhere Do Students Go when For-Profit Colleges Lose Federal Aid? -- by...
Recent federal investigations and new regulations have resulted in restrictions on for-profit institutions' access to federal student aid. We examine the enrollment effects of similar restrictions...
View ArticlePublic Sector Personnel Economics: Wages, Promotions, and the...
We model personnel policies in public agencies, examining how wages and promotion standards can partially offset a fundamental contracting problem: the inability of public sector workers to contract on...
View ArticleDisaggregating the Matching Function -- by Peter A. Diamond, Ayseguel sahin
The aggregate matching (hiring) function relates gross hires to labor market tightness. Decompositions of aggregate hires show how the hiring process differs across different groups of workers and of...
View ArticleAn Energy-centric Theory of Agglomeration -- by Juan Moreno-Cruz, M. Scott...
This paper sets out a simple spatial model of energy exploitation to ask how the location and productivity of energy resources affects the distribution of economic activity across geographic space. By...
View ArticleEmpowering Mothers and Enhancing Early Childhood Investment: Effect on Adults...
Empowering women and enhancing children's early development are two important goals that are often pursued via independent policy initiatives in developing countries. In this paper we study a unique...
View ArticleIndustrial Productivity in a Hotter World: The Aggregate Implications of...
How will a nation's aggregate urban productivity be affected by climate change? The joint distribution of climate conditions and economic activity across a nation's cities will together determine...
View ArticleKnowing When to Ask: The Cost of Leaning In -- by Christine L. Exley, Muriel...
Gender differences in the propensity to negotiate are often used to explain the gender wage gap, popularizing the push for women to "lean-in." We use a laboratory experiment to examine the effect of...
View ArticleThe Economic Structure of International Trade-in-Services Agreements -- by...
The existing economics literature on international trade agreements focuses on tariff agreements covering trade in goods, and offers an explanation for core features of the GATT. Tariffs play almost no...
View ArticleBox Office Buzz: Does Social Media Data Steal the Show from Model Uncertainty...
Substantial excitement currently exists in industry regarding the potential of using analytic tools to measure sentiment in social media messages to help predict individual reactions to a new product,...
View ArticleRegional Distribution and Dynamics of Human Capital in China 1985-2014:...
Given the challenges in quantifying the role of human capital on economic development, measuring human capital itself becomes an important issue. It is desirable to have a comprehensive human capital...
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Look Inside the Disruptive Digital Transformation in China
Latest overview of China’s macro economy and important government policy drivers behind the digital economy growth. Read More...
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Beecher Carlsonâs Jason Flaxbeard Featured in Healthcare Risk...
The Evolution of a Physician-Owned Captive The Cooperative of American Physicians Insurance Company, domiciled in Hawaii in 2002, has proved its worth as a a long-term, stable alternative to the...
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