Finance & Economics

(Mis)measuring Economic Wealth

In a new paper, Joseph Stiglitz offers potential ideas about what may have contributed to a mismeasurement of wealth.

Cheap Talk and the Economics of Negotiation

Empirical research shows that impatient sellers use round numbers to signal their willingness to cut prices in order to sell more quickly.

Using Real Time Data to Forecast Impacts of Financial Crises

New research outlines the impact of economic crises in the Post-War Era using real time data.

Technical Education at a Community College Improves Graduates’ Future Earnings

A new NBER working paper shows how many Career Technical Education programs in California’s community college system increase earnings by larger amounts.

Occupational Licenses: Reason for Caution or Celebration?

A new study finds occupational licenses increase wages, employment, and benefits of those with licenses. While good for entrenched workers, these licenses could be problematic for consumers and non-licensed workers.

The US Manufacturing Industry’s Global Fight

A new study confirms a resurgence of the US manufacturing industry in the last five years, primarily driven by a reduction in labor costs, depreciation of the US dollar, and reduction in domestic energy prices.

Who Feels the Effects of Corporate Tax Change?

Who Feels the Effects of Corporate Tax Change?

A new study uses a spatial model of local economies to calculate the incidence of corporate income tax on firms, workers, and landowners.

The Downstream Effect of Fiscal Austerity

Researchers explore how the relationship between federal, state, and local governments mutes the benefits of the federal government’s fiscal austerity measures. The burden is shifted to state and local governments that face higher demand for safety net programs with shrinking revenue sources.

The Moral Hazard of Bankruptcy

A new study finds that Americans use personal bankruptcy as a substitute for traditional health insurance, encouraged by stringent bankruptcy laws.

Testing Greenspan’s ‘Spare Tire’ Hypothesis: Benefits of Shareholder Protection Laws during Banking Crises

Firm-level data across 36 countries suggests that shareholder protection laws do mitigate the adverse consequences of banking crises by allowing stock markets to act as an alternative source of financing.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18