Characterizing Global Value Chains: Production Length and Upstreamness -- by...
We develop a new set of country-sector level indicators of Global Value Chains (GVCs) characteristics in terms of average production length, and relative "upstreamness" on a production network, which...
View ArticleThe Surprising Pass-Through of Solar Subsidies -- by Jacquelyn Pless, Arthur...
We estimate the pass-through of solar energy subsidies to solar system prices. Rich micro-level transaction and subsidy data from California indicate that pass-through is remarkably high and differs...
View ArticleDoes Quebec's Subsidized Child Care Policy Give Boys and Girls an Equal...
Although an increasing body of research promotes the development of universal early education and care programs, little is known about the extent to which these programs affect gender gaps in academic...
View ArticleIs the Internet Causing Political Polarization? Evidence from Demographics --...
We combine nine previously proposed measures to construct an index of political polarization among US adults. We find that the growth in polarization in recent years is largest for the demographic...
View ArticleThe Impact of Information Technology on the Diffusion of New Pharmaceuticals...
How does information affect the diffusion of innovations? This paper evaluates the influence of physicians' access to detailed drug information on their decisions about which products to prescribe....
View ArticleMemory, Attention, and Choice -- by Pedro Bordalo, Nicola Gennaioli, Andrei...
We present a theory in which the choice set cues a consumer to recall a norm, and surprise relative to the norm shapes his attention and choice. We model memory based on Kahana (2012), where past...
View ArticleCorporate Culture: Evidence from the Field -- by John R. Graham, Campbell R....
Does corporate culture matter? Can differences in corporate culture explain why similar firms diverge with one succeeding and the other failing? To answer these questions, we use a novel survey and...
View ArticleMyopia and Discounting -- by Xavier Gabaix, David Laibson
We assume that perfectly patient agents estimate the value of future events by generating noisy, unbiased simulations and combining those signals with priors to form posteriors. These posterior...
View ArticleReevaluating Agricultural Productivity Gaps with Longitudinal Microdata -- by...
Recent research has pointed to large gaps in labor productivity between the agricultural and non-agricultural sectors in low-income countries, as well as between workers in rural and urban areas. Most...
View ArticleBanking on Trust: How Debit Cards Enable the Poor to Save More -- by Pierre...
Trust is an essential element of economic transactions, but trust in financial institutions is low, especially among the poor. Debit cards provide not only easier access to savings, but also a...
View ArticleGlobalization Policies and Israel's Brain Drain -- by Assaf Razin
The paper links Israel's brain drain to skill-based immigration policies, prevailing in the advanced economies.
View ArticleVertical and Horizontal Redistributions from a Carbon Tax and Rebate -- by...
Because electricity is a higher fraction of spending for those with low income, carbon taxes are believed to be regressive. Many argue, however, that their revenues can be used to offset the...
View ArticleFirm Selection and Corporate Cash Holdings -- by Juliane Begenau, Berardino...
Among stock market entrants, more firms over time are R&D-intensive with initially lower profitability but higher growth potential. This sample-selection effect determines the secular trend in U.S....
View ArticleCEO Behavior and Firm Performance -- by Oriana Bandiera, Stephen Hansen,...
We measure the behavior of 1,114 CEOs in Brazil, France, Germany, India, UK and US using a new methodology that combines (i) data on every activity the CEOs undertake during one workweek and (ii) a...
View ArticleTraining Contracts, Employee Turnover, and the Returns from Firm-sponsored...
Firms may be reluctant to provide general training if workers can quit and use their gained skills elsewhere. "Training contracts" that impose a penalty for premature quitting can help alleviate this...
View ArticleInternational Inflation Spillovers Through Input Linkages -- by Raphael A....
We document that observed international input-output linkages contribute substantially to synchronizing producer price inflation (PPI) across countries. Using a multi-country, industry-level dataset...
View ArticleFinancial Cycles with Heterogeneous Intermediaries -- by Nuno Coimbra, Helene...
This paper develops a dynamic macroeconomic model with heterogeneous financial intermediaries and endogenous entry. It features time-varying endogenous macroeconomic risk that arises from the...
View ArticleA Head-to-Head Comparison of Augmented Wealth in Germany and the United...
We provide levels of, compositions of, and inequalities in household augmented wealth - defined as the sum of net worth and pension wealth - for two countries: the United States and Germany. Pension...
View ArticleGreat Interview Question!
On Friday, I moderated a panel discussion at Bryant University's 20th Annual Women's Summit. One audience member asked the panelists to describe their favorite interview question. Gerardine Ferlins,...
View ArticleReadout From A Treasury Spokesperson On Secretary Mnuchinâs Meetings...
In his meetings on March 18, 2017, in Baden Baden, Germany, with People's Bank of China Governor Zhou Xiaochuan and Chinese Minister of Finance Xiao Jie, U.S. Treasury Secretary Steven T. Mnuchin...
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