The Value of Honesty: Empirical Estimates from the Case of the Missing...
How much are people willing to forego to be honest, to follow the rules? When people do break the rules, what can standard data sources tell us about their behavior? Standard economic models of crime...
View ArticleNetwork Stability, Network Externalities and Technology Adoption -- by...
This paper investigates how the destabilizing of a social network may increase the scope of network externalities, using data on sales of a video-calling system made to an investment bank's employees...
View ArticleChemical Fertilizer and Migration in China -- by Avraham Ebenstein, Jian...
This paper examines a possible connection between China's massive rural to urban migration and high chemical fertilizer use rates during the late 1980s and 1990s. Using panel data on villages in rural...
View ArticleHow Survey Design Affects Inference Regarding Health Perceptions and Outcomes...
This paper considers the role of survey design and question phrasing in evaluating the subjective health assessment responses using the Survey of Health, Ageing and Retirement in Europe (SHARE)...
View ArticleStepping Stones: Principal Career Paths and School Outcomes -- by Tara...
More than one out of every five principals leaves their school each year. In some cases, these career changes are driven by the choices of district leadership. In other cases, principals initiate the...
View ArticleDefying Gravity: The 1932 Imperial Economic Conference and the Reorientation...
In the wake of the Great Depression, the Canadian government embarked on a stunning reversal in its commercial policy. A key element of its response was the promotion of intra-imperial trade at the...
View ArticleThe Feasibility and Importance of Adding Measures of Actual Experience to...
We use Michigan Panel Study of Income Dynamics data and data from a 2008 telephone survey of adults conducted by Westat for the Princeton Data Improvement Initiative (PDII) to explore the importance...
View ArticleOn Measuring the Effects of Fiscal Policy in Recessions -- by Jonathan A. Parker
We do not have a good measure of the effects of fiscal policy in a recession because the methods that we use to estimate the effects of fiscal policy -- both those using the observed outcomes following...
View ArticleOver-optimism in Forecasts by Official Budget Agencies and Its Implications...
The paper studies forecasts of real growth rates and budget balances made by official government agencies among 33 countries. In general, the forecasts are found: (i) to have a positive average bias,...
View ArticleAre All Ratings Created Equal? The Impact of Issuer Size on the Pricing of...
We examine whether rating agencies (Moody's, S&P, and Fitch) reward large issuers of mortgage-backed securities, who bring substantial business, by granting them unduly favorable ratings. The...
View ArticleCorporate and Personal Bankruptcy Law -- by Michelle J. White
Bankruptcy is the legal process by which the debts of firms, individuals, and occasionally governments in financial distress are resolved. Bankruptcy law always includes three components. First, it...
View ArticleHas the Shift to Managed Care Reduced Medicaid Expenditures? Evidence from...
From 1991 to 2003, the fraction of Medicaid recipients enrolled in HMOs and other forms of Medicaid managed care (MMC) increased from 11 percent to 58 percent. This increase was largely driven by state...
View ArticleHuman Capital Spillovers in Families: Do Parents Learn from or Lean on their...
I develop a model in which a child's acquisition of a given form of human capital incentivizes adults in his household to either learn from him (if children act as teachers then adults' cost of...
View Article"Last-place Aversion": Evidence and Redistributive Implications --...
Why do low-income individuals often oppose redistribution? We hypothesize that an aversion to being in "last place" undercuts support for redistribution, with low-income individuals punishing those...
View ArticleHow Do Firm Financial Conditions Affect Product Quality and Pricing? -- by...
We analyze the interaction of firm product quality and pricing decisions with financial distress and bankruptcy in the airline industry. We consider an airline's choices of quality and price as dynamic...
View ArticleGauging the Generosity of Employer-Sponsored Insurance: Differences Between...
We develop an empirical method to assess the generosity of employer-sponsored insurance across groups within the U.S. population. A key feature of this method is its simplicity - it only requires data...
View ArticleThe Land that Lean Manufacturing Forgot? Management Practices in Transition...
We have conducted the first survey on management practices in transition countries. We found that Central Asian transition countries, such as Uzbekistan and Kazakhstan, have on average very poor...
View ArticlePublic Consumption Over the Business Cycle -- by Ruediger Bachmann, Jinhui Bai
What fraction of the business cycle volatility of government purchases is accounted for as endogenous reactions to overall macroeconomic conditions? We answer this question in the framework of a...
View ArticleCross-National Evidence on Generic Pharmaceuticals: Pharmacy vs....
This paper examines the role of regulation and competition in generic markets. Generics offer large potential savings to payers and consumers of pharmaceuticals. Whether the potential savings are...
View Articlemoneyscience: arXiv: Quantization of long memory processes....
moneyscience: arXiv: Quantization of long memory processes. (arXiv:1107.4476v1 [q-fin.ST]) http://bit.ly/noUxx3
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