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. More »
New research shows how innovation in finance may increase the aggregate demand for investments over time, yet lower the expected return on assets. More »
As a result of mismeasurement, the official unemployment rate series for China is implausible and is an outlier in the distribution of unemployment rates across countries ranked by their stages of development. More »
How does unemployment duration, age, or holding a low-level “interim” job affect the likelihood of receiving a callback from a potential employer? More »
Although ensuring access of talented individuals to higher education is of great importance, there is evidence that suggests that merit-based financial aid reduces the number of graduates in STEM fields, one of the main drivers of innovation and, thus, of econ... More »
A recent study confirms the finding that mortality rates decrease during recessions and that severe recessions produce even larger reductions in mortality rates. More »
Deming theorizes that, as manufacturing and other jobs have become more easily automated, the human ability to empathize and to be an effective “team player” has become more essential. More »
In a new paper, Joseph Stiglitz offers potential ideas about what may have contributed to a mismeasurement of wealth. More »
Empirical research shows that impatient sellers use round numbers to signal their willingness to cut prices in order to sell more quickly. More »
New research outlines the impact of economic crises in the Post-War Era using real time data. More »
A new NBER working paper shows how many Career Technical Education programs in California’s community college system increase earnings by larger amounts. More »
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. More »