The Unintended Consequence of Mandatory Child Care in Chile

A new paper from the National Bureau of Economic Research estimates the impact of mandatory childcare on the wages of women in Chile.


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.


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.


Big Health Meets Big Labor: The Effect of the ACA on Labor Markets

Although primarily concerning health policy, the ACA's aftershocks could ripple through the labor market. Recent research suggests increased public health insurance may decrease employment.


Going for Broke: The Benefits of Bankruptcy Protection

A new study finds that Chapter 13 Bankruptcy increases annual income, decreases five-year foreclosure rates points, and decreases five-year mortality.

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The “Brand Premium”: Measuring the Welfare Consequences of Advertising on Consumers

New research finds that misinformation plays a significant role in the brand choices of consumers for most healthcare items and pantry staples, concluding that marketing and advertising campaigns have a negative impact on consumer welfare.


No Gains From Good Governance?: Why Foreign Companies Opt Out of Strict Regulatory Practices

Foreign companies that cross-list on US stock exchanges can make substantial financial gains from adopting US corporate governance practices yet firms overwhelmingly choose to opt out, suggesting substantial private opportunity costs from stricter regulations.

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Reevaluating Openness to Trade: Estimating the True Potential Gains from the Service Industry

New research finds that potential welfare gains from trade liberalization are likely highly underestimated because international trade statistics fail to capture the true economic impact of tradable services.


Growing Pains: The Link Between Increasing Wage Inequality and City Size

Researchers establish a possible connection between rising wage inequality and city size.

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