NBER
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Social mobility remains stable in the US: Good or bad news?
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A new study measures intergenerational social mobility in the US, estimating the probability that a child born at a low rung of the income ladder can reach the top. The authors find that social mobility has remained stable in the US for the last 30 years.
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Going for Broke: The Benefits of Bankruptcy Protection
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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
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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.
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No Gains From Good Governance?: Why Foreign Companies Opt Out of Strict Regulatory Practices
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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
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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.
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Growing Pains: The Link Between Increasing Wage Inequality and City Size
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Researchers establish a possible connection between rising wage inequality and city size.
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Widening the Gap: China’s Land Reform and Gender Disparities
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The main culprit for China’s gender gap expansion in the early 1980s might have been the post-Mao land reform rather than the One Child Policy.
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TV as Birth Control? The Surprising Role of MTV’s ’16 and Pregnant’ in Reducing Teenage Births
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Study finds causal relationship between viewings of MTV’s popular reality show and a decline in US teenage births.
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Discounts at the Pump: How Much is Cheap Gas Really Costing Us?
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Gasoline and diesel subsidies have been criticized for encouraging excess consumption, but the total global economic cost is truly staggering, representing an annual welfare loss worth four percent of the total market for fuel.
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Paid Family Leave Pays in the Long Run
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Paid family leave is associated with increased employment and earnings.
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Expiring Budgets and Spending Sprees: The Cost of Use-it-or-Lose-it Budgeting
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Spikes in spending at the fiscal year-end lead to staggering losses and inefficiencies in government procurement.