Innovation Network -- by Daron Acemoglu, Ufuk Akcigit, William Kerr
Technological progress builds upon itself, with the expansion of invention in one domain propelling future work in linked fields. Our analysis uses 1.8 million U.S. patents and their citation...
View ArticleTrends in Cumulative Marginal Tax Rates Facing Low-Income Families, 1997-2007...
We present new calculations of cumulative marginal tax rates (MTRs) facing low income families participating in multiple welfare programs over the period 1997-2007, the period after 1996 welfare reform...
View ArticleRegression Kink Design: Theory and Practice -- by David Card, David S. Lee,...
A regression kink design (RKD or RK design) can be used to identify casual effects in settings where the regressor of interest is a kinked function of an assignment variable. In this paper, we apply an...
View ArticleCompetitive Effects of Scope of Practice Restrictions: Public Health or...
The demand for health care and healthcare professionals is predicted to grow significantly over the next decade. Securing an adequate health care workforce is of primary importance to ensure the health...
View ArticleKnowledge Elites and Modernization: Evidence from Revolutionary France -- by...
This paper examines the role of knowledge elites in modernization. At the eve of the French Revolution, in the spring of 1789, King Louis XVI solicited lists of grievances (Cahiers de Doleances), in...
View ArticleBusiness Income and Business Taxation in the United States Since the 1950s --...
In theory, the U.S. tax system aims to attribute and tax all business income to individuals. But the tax treatment of this income varies. Pass-through income is taxed when earned; capital-gains income...
View ArticleElite Identity and Political Accountability: A Tale of Ten Islands -- by...
This paper examines the relationship between elite identity and political outcomes from a theoretical and empirical perspective. Elite members with distinct economic and social identities vote for or...
View ArticleRacial and Gender Discrimination in Transportation Network Companies -- by...
Passengers have faced a history of discrimination in transportation systems. Peer transportation companies such as Uber and Lyft present the opportunity to rectify long-standing discrimination or...
View ArticleFactions in Nondemocracies: Theory and Evidence from the Chinese Communist...
This paper investigates theoretically and empirically the factional arrangements and dynamics within the Chinese Communist Party (CCP), the governing political party of the People's Republic of China....
View ArticleSecurities Lending as Wholesale Funding: Evidence from the U.S. Life...
The existing literature assumes that securities lenders primarily respond to demand from securities borrowers and reinvest their cash collateral in short-term markets. We offer compelling evidence for...
View ArticleMultidimensional Private Information, Market Structure and Insurance Markets...
A large empirical literature found that the correlation between insurance purchase and ex post realization of risk is often statistically insignificant or negative. This is inconsistent with the...
View ArticleCollective Choice in Dynamic Public Good Provision -- by T. Renee Bowen,...
Two heterogeneous agents contribute over time to a joint project, and collectively decide its scope. A larger scope requires greater cumulative effort and delivers higher benefits upon completion. We...
View ArticleVertical Information Restraints: Pro- and Anti-Competitive Impacts of Minimum...
We consider vertical contracts where the retail market may involve search frictions. Minimum advertised price restrictions (MAP) act as a restraint on customers' information and so can increase search...
View ArticleIs Uncle Sam Inducing the Elderly to Retire? -- by Alan J. Auerbach, Laurence...
Many, if not most, Baby Boomers appear at risk of suffering a major decline in their living standard in retirement. With federal and state government finances far too encumbered to significantly raise...
View ArticleEvaluating Economy-Wide Benefit Cost Analyses -- by V. Kerry Smith, Min Qiang...
This paper examines a new strategy for evaluating whether the size of a new environmental regulation requires that benefit cost analyses consider general equilibrium effects. Size in the context refers...
View ArticlePatent Disclosures and Standard-Setting -- by Josh Lerner, Haris Tabakovic,...
A key role of standard setting organizations (SSOs) is to aggregate information on relevant intellectual property (IP) claims before deciding on a standard. This article explores the firms' strategies...
View ArticleEffects of Adult Health Interventions at Scale on Children's Schooling:...
In 2007, approximately one in five children in Zambia lived with an HIV positive adult. We identify the effect of adult antiretroviral therapy (ART) availability at scale on children's educational...
View ArticleMNI Chicago Business Barometer: October Chicago Business Barometer Down 3.6...
The MNI Chicago Business Barometer fell 3.6 points to a five-month low of 50.6 in October from 54.2 in September, suggesting economic activity in the US lost some momentum having picked up in Q3.read...
View ArticleCME Group To Host Ninth Annual Global Financial Leadership Conference
CME Group, the world's leading and most diverse derivatives marketplace, today announced it will host the ninth annual Global Financial Leadership Conference (GFLC) Nov. 14-16, at the Ritz-Carlton...
View ArticleCFTC To Hold An Open Commission Meeting On November 4th To Consider A...
U.S. Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad announced today that the CFTC will hold an open meeting on Friday, November 4th at 10 a.m. to consider a supplemental proposal...
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