Finance & Economics

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.

Grandma Retires: How a New Grandchild Changes a Woman’s Career Choices

A new study analyzes the effects of a new grandchild on a grandmother’s labor force participation and attempts to connect caring for grandchildren with retirement choices.

Why Passing the State Budget on Time is a Must for Stabilizing Market Conditions

The authors of a study analyzing state budgets find that the lack of fiscal governance, defined as enacting a budget on time, causes variation in general obligation bond yield spreads for state issuers.

Aligning Incentives: The Effectiveness of Performance-Based Pay for Tax Officials

After being randomly assigned to a performance-based incentive structure, tax officials in Pakistan had significantly higher levels of revenue collection. This result suggests a potential solution to the widespread corruption and low collection rates of tax authorities in developing countries.

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19