Finance & Economics

Standing out from the Crowd: How College Degrees, Internships, and Academic Performance Influence Hiring Decisions

A new study uses experimental data from a resume audit to determine whether college degrees and internship experience have an impact on job opportunities for recent college graduates.

Renting While Black: Revealed Preferences in the Sharing Economy

Evidence from a recent field experiment, based on data from Airbnb, demonstrates that racial discrimination persists on modern, online sharing marketplaces. Results indicate that guests with distinctively African-American names were found to be 16 percent less likely to be accepted by hosts on the site than guests with distinctively White names.

The Complicated Relationship between Public Sector Employment and Governance in Low-Income Countries

Evidence suggests that public sector workers in low-income countries have a wage premium relative to their private sector counterparts, despite the fact that they have lower quality governance. Improving the design of public sector personnel policies may have an impact on the quality of governance.

Better School Outcomes Aren’t Free

A new analysis demonstrates that funding increases make a huge difference in schooling outcomes, especially for students from low-income families.

Feel It in the Air: Pollution and Crime in Chicago

A recent study provides the first quasi-experimental evidence of a link between air pollution and criminal behavior. Researchers estimate the cost of pollution-induced crime and make a case for environmental sustainability policies that consider the impact of pollution and crime on communities.

Testing vs. Discretion: How Should Firms Hire Their Employees?

New research analyzes how hiring decisions made using job assessments versus manager discretion impact employee retention and productivity.

The Interaction between Family Networks and Labor Markets: Evidence from West Africa

Research exposes the significant impact of family networks on labor market dynamics in developing countries.

Spend or Save? What to Decide When Faced with Financial Emergencies

Behavioral interventions aimed at promoting savings may lead to counterproductive consequences. Researchers find that consumers may borrow high-interest debt in favor of preserving low-interest savings. Policies encouraging savings should be coupled with efforts that promote education on appropriate spending of savings.

How Does Consumption Spending Respond to Housing Prices?

New research explores the complex relationship between housing prices and consumer spending. The magnitude of this relationship can vary considerably over time and across households.

Higher Savings, Lower Returns: The Unacknowledged Externalities of Financial Innovation

New research shows how innovation in finance may increase the aggregate demand for investments over time, yet lower the expected return on assets.

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