Do Minimum Wage Increases Influence Worker Health? -- by Brady P. Horn,...
This study investigates whether minimum wage increases in the United States affect an important non-market outcome: worker health. To study this question, we use data on lesser-skilled workers from the...
View ArticleRelative Tax Rates, Proximity and Cigarette Tax Noncompliance: Evidence from...
We analyze data about cigarette tax compliance from the first national scale littered cigarette packs collection. We code each pack based on whether an appropriate tax had been paid at the location...
View ArticleThe Complexity of Liquidity: The Extraordinary Case of Sovereign Bonds -- by...
It is well-documented that government bonds with almost identical cash flows can trade at different prices. The explanation is that due to higher liquidity the most recently issued bond tends to trade...
View ArticleIdentifying and Estimating Neighborhood Effects -- by Bryan S. Graham
Residential segregation by race and income are enduring features of urban America. Understanding the effects of residential segregation on educational attainment, labor market outcomes, criminal...
View ArticleFinancial Aid, Debt Management, and Socioeconomic Outcomes: Post-College...
Prior research has demonstrated that financial aid can influence both college enrollments and completions, but less is known about its post-college consequences. Even for students whose attainment is...
View ArticleFrom Science to Technology: The Value of Knowledge From Different Energy...
Using an original data set of both scientific articles and patents pertaining to alternative energy technologies, this paper provides new evidence on the flows of knowledge between university, private...
View ArticleMonetary Policy and Asset Valuation: Evidence From a Markov-Switching cay --...
This paper presents evidence of infrequent shifts, or "breaks," in the mean of the consumption-wealth variable cay_{t}, an asset market valuation ratio driven by fluctuations in stock market wealth...
View ArticleA Time to Make Laws and a Time to Fundraise? On the Relation between Salaries...
Paying higher salaries is often believed to enhance worker effort, leading workers to work harder to avoid getting fired. However, workers may also respond to higher salaries by focusing on tasks that...
View ArticleThe Political Economy of Debt and Entitlements -- by Laurent Bouton,...
This paper presents a dynamic political-economic model of total government obligations. Its focus is on the interplay between debt and entitlements. In our model, both are tools by which temporarily...
View ArticleImputation in U.S. Manufacturing Data and Its Implications for Productivity...
In the U.S. Census Bureau's 2002 and 2007 Censuses of Manufactures 79% and 73% of observations respectively have imputed data for at least one variable used to compute total factor productivity. The...
View ArticleLegal Access to Alcohol and Criminality -- by Benjamin Hansen, Glen R. Waddell
Previous research has found strong evidence that legal access to alcohol is associated with sizable increases in criminality. We revisit this relationship using the census of judicial records on...
View ArticleIsrael and the 1990-2015 Global Developments: Riding with the Global Flows...
The global economy has been buffeted by several unprecedented economic events during the past 35 years. We survey the impact of these events on Israel's development, institutions, and economic...
View ArticlePredicting Experimental Results: Who Knows What? -- by Stefano DellaVigna,...
Academic experts frequently recommend policies and treatments. But how well do they anticipate the impact of different treatments? And how do their predictions compare to the predictions of...
View ArticleExclusion Bias in the Estimation of Peer Effects -- by Bet Caeyers, Marcel...
We formalize a noted [Guryan et al., 2009] but unexplored source of bias in peer effect estimation, arising because people cannot be their own peer. We derive, for linear-in-means models with...
View ArticleThe Effects of Unemployment Insurance Benefits: New Evidence and...
The Great Recession has renewed interest in Unemployment Insurance (UI) programs around the world. At the same time, there have been important advances in both theory and measurement of UI. In this...
View ArticleThe Effect of Unconventional Fiscal Policy on Consumption Expenditure -- by...
Unconventional fiscal policy uses announcements of future increases in consumption taxes to generate inflation expectations and accelerate consumption expenditure. It is budget neutral and time...
View ArticleHealthy-Time Measures of Health Outcomes and Healthcare Quality -- by...
The purposes of this paper are to describe some conceptual and empirical foundations of "healthy-time" measures of health outcomes or healthcare quality, and to explore how to expand the empirical...
View ArticleThe Effects of the Early Retirement Age on Retirement Decisions -- by...
We present quasi-experimental evidence on the effects of increasing the Early Retirement Age (ERA) on older workers' retirement decisions. The analysis is based on social security reforms in Austria in...
View ArticleAfrica's Prospects for Enjoying a Demographic Dividend -- by David E. Bloom,...
We assess Africa's prospects for enjoying a demographic dividend. While fertility rates and dependency ratios in Africa remain high, they have started to decline. According to UN projections, they will...
View ArticlePublication Of JPX Working Paper, Vol.15 “Applicability Of Distributed...
Japan Exchange Group, Inc. (JPX) today published JPX Working Paper, Vol.15 “Applicability of Distributed Ledger Technology to Capital Market Infrastructure”.JPX Working Papers highlight research and...
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