3 December 2019

Pre-Market Specialization and the Gender Wage Gap

Disparties in college major choice can account for a substantial share of the post-college gender wage gap, even after controlling for occupation choice, according to Carolyn Sloane, Erik Hurst, and Dan Black.

2 December 2019

How Large is 'Lemon' Effect in Used Car Market?

Using Danish data on auto purchases and sales, Richard Blundell, Ran Gu, Søren Leth-Petersen, Hamish Low, and Costas Meghir estimate that nearly new cars sell at an 18 percent discount to new vehicles because of the concern that second-hand cars are “lemons.” This makes it costly for car owners to liquidate their “auto wealth” during periods of financial adversity.

27 November 2019

Worklife Transitions of Career Public Employess

More than 60 percent of active public employees in North Carolina plan to work after claiming retirement benefits, while around 42 percent actually engage in post-claiming paid work in the first few years after claiming, data analyzed by Robert L. Clark, Robert G. Hammond, and Siyan Liu show.

26 November 2019

Microfinance Unlocks a Poverty Trap in India

For talented, low-wealth entrepreneurs in Hyderabad, short-term access to credit produces persistent benefits that increase over time, Abhijit Banerjee, Emily Breza, Esther Duflo, and Cynthia Kinnan show. Six years later, these entrepreneurs have 35 percent more assets and double the revenues of those in control neighborhoods.

25 November 2019

Power and Publications in Chinese Academia

Becoming dean of economics at a Chinese university increases an individual’s publication activity by 0.7 articles per year, mostly on topics that deviate from the dean’s prior research area, Ruixue Jia, Huihua Nie, and Wei Xiao report.

22 November 2019

Subsidies and the African Green Revolution

A temporary subsidy for Mozambican maize farmers stimulated Green Revolution technology adoption and led to increased yields, with the effects persisting in later unsubsidized years, Michael Carter, Rachid Laajaj, and Dean Yang find. Spillovers account for the vast majority of subsidy-induced gains.

21 November 2019

High House Prices Boost Savings by Young Chinese

The savings rates of the young in China would be 21 percent lower if housing prices were at the same ratio to disposable income as in the United States, according to a study by Mark Rosenzweig and Junsen Zhang.

20 November 2019

Family Structure Effects of Expanding Legal Services

The War on Poverty’s Legal Services Program produced temporary increases in divorce and persistent increases in welfare participation and nonmarital birth rates, Andrew Goodman-Bacon and Jamein P. Cunningham find. Nonmarital births rose because marriage rates fell.

19 November 2019

Did the War on Terror Ignite an Opioid Epidemic?

Combat service in Afghanistan and Iraq has substantially increased the risk of prescription painkiller abuse and illicit heroin use among active duty servicemen, Resul Cesur, Joseph J. Sabia, and W. David Bradford find. Veterans are overdosing at twice the rate of civilians.

18 November 2019

Price Changes Drive Shoppers' Inflation Expectations

Many consumers rely on the frequency and size of grocery price changes to form their inflation expectations, according to a study by Francesco D’Acunto, Ulrike Malmendier, Juan Ospina, and Michael Weber. Many central banks, however, focus on inflation measures that exclude grocery prices.
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