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Bank Loan Monitoring, Distance, and Delegation

By Amanda Rae Heitz, Christopher Martin, and Alexander Ufier

òòò½Íø Papers and Proceedings, May 2023

Using a proprietary transaction-level database of nearly 30,000 multiple-draw construction loans and their on-site inspection reports, we empirically examine the relationship between geographic distance and bank information acquisition over the course of ...

Control of Decentralized Autonomous Organizations

By Ian Appel and Jillian Grennan

òòò½Íø Papers and Proceedings, May 2023

Blockchain technology has facilitated the emergence of a new type of organizational form, decentralized autonomous organizations (DAOs). In contrast to corporations and other types of business organizations, DAOs do not have managers or directors with for...

Stereotypes about Successful Entrepreneurs

By Victor Lyonnet and ³¢Ã©²¹ Stern

òòò½Íø Papers and Proceedings, May 2023

What comes to mind when thinking about a successful entrepreneur? Belief formation models suggest that what comes to mind is an oversimplified picture of the characteristics of successful entrepreneurs—that is, stereotypes about successful entrepreneurs...

Can High School Counselors Help the Economics Pipeline?

By Melissa Gentry, Jonathan Meer, and Danila Serra

òòò½Íø Papers and Proceedings, May 2023

We evaluate the impact of an intervention aimed at informing high school counselors about the field of economics, with the aim of attracting a more diverse student population into the major. Our study involves 234 Texas high schools that send a large numb...

Fully Promoted: The Distribution and Determinants of Full Professorship in the Economics Profession

By Marieke Kleemans and Rebecca Thornton

òòò½Íø Papers and Proceedings, May 2023

In this paper, we document the distribution and determinants of full professorship in the economics profession. Using department-level data from the Committee on the Status of Women in the Economics Profession, we show that while the share of female full ...

On the Gender Diversity of Research Teams in Economics Seminars

By Marcus Biermann

òòò½Íø Papers and Proceedings, May 2023

Seminars are an important channel through which researchers receive feedback on their work and disseminate it. This paper presents descriptive evidence on the representation of female, male, and mixed teams in economics seminars. I use a balanced panel of...

Effects of Parental Disability on Children's Schooling: The Surprising Role of Parental Education

By Katie Bollman and Leah K. Lakdawala

òòò½Íø Papers and Proceedings, May 2023

We show that negative effects of parental disability on schooling investments are larger for economically advantaged families. Among children with a veteran father, private school attendance declines with the severity of a father's service-related disabil...

Addressing the Surge in Unaccompanied Migrant Children

By Catalina Amuedo-Dorantes, ´³´Ç²õé Bucheli, and Mary Lopez

òòò½Íø Papers and Proceedings, May 2023

Unaccompanied migrant children (UMC) account for a growing share of apprehensions along the US-Mexico border. Contrary to past UMC flows, which were primarily comprised of older youth fleeing violence in Mexico, recent UMC flows include children of all ag...

The Self-Employment Effects of Secure Communities in the United States

By Raffi E. ³Ò²¹°ù³¦Ã­²¹ and Alejandro ³Ò³Ü³Ù¾±Ã©°ù°ù±ð³ú-³¢¾±

òòò½Íø Papers and Proceedings, May 2023

Illegal immigration has increased substantially in recent years. In this paper, we analyze how Secure Communities (SC), a major internal immigration enforcement program, affected self-employment participation and income in the United States between 2008 a...

Anticipatory Migration Responses to Rural Climate Shocks

By Esteban J. ²Ï³Ü¾±Ã±´Ç²Ô±ð²õ, Jenna Nobles, Fernando Riosmena, and Raphael Nawrotzki

òòò½Íø Papers and Proceedings, May 2023

Despite increased incidence and severity of climate shocks associated with climate change, observed levels of adaptation remain low. To assess if individuals adapt to the heat-induced crop losses of neighboring households in rural, agriculturally reliant ...

Do Health Disparities Narrow with Pollution Disparities? Trends from California

By Danae Hernandez-Cortes and Kyle C. Meng

òòò½Íø Papers and Proceedings, May 2023

Pollution concentrations (PM2.5) in the United States have fallen in recent decades. Despite these improvements, disparities in concentrations between racial/ethnic groups persist. We combine administrative data on the universe of emergency roo...

Applicants to Historically Black Colleges and Universities

By Ashley Edwards, Justin Ortagus, Jonathan Smith, and Andria Smythe

òòò½Íø Papers and Proceedings, May 2023

Historically Black colleges and universities (HBCUs) play an important role in the postsecondary education of Black students in the United States. Using data on where 1.2 million Black SAT takers send their SAT scores, we examine which students consider a...

Colleges and Upward Economic Mobility: The Distinctive Contribution of HBCUs

By James V. Koch and Omari H. Swinton

òòò½Íø Papers and Proceedings, May 2023

Relying on a panel of more than 600 four-year colleges (including 49 historically Black colleges and universities (HBCUs)), we show that HBCUs as a group outperform other major classes of institutions (for example, flagship state universities) in generati...

Racial Gaps in Federal Flood Buyout Compensations

By Kay Jowers, Lala Ma, and Christopher D. Timmins

òòò½Íø Papers and Proceedings, May 2023

In a managed retreat, or "buyout," program, homeowners are offered their property's fair-market value to relocate from a flood-prone area. Using a nationwide sample of federal buyout acquisitions and the universe of US housing transactions over the last t...

The Incarceration Penalty and Black-White Economic Inequality: The Case of Baltimore

By Lauren Russell, Jorge N. Zumaeta, Aaron Colston, and William A. Darity Jr.

òòò½Íø Papers and Proceedings, May 2023

This paper investigates income and wealth gaps by household incarceration history within and across racial groups using the Blinder-Oaxaca decomposition. We study this in the context of 2017 Baltimore. We find that households exposed to incarceration have...

Report of the Committee on the Status of Women in the Economics Profession

By Anusha Chari

òòò½Íø Papers and Proceedings, May 2023

Call for Papers: 2024 Work and Family Researchers Network Conference

[News]

May 24, 2023

The deadline for submissions is November 1, 2023.

Reputation and Partial Default

By Manuel Amador and Christopher Phelan

òòò½Íø Review: Insights, June 2023

This paper presents a continuous-time reputation model of sovereign debt allowing for both varying levels of partial default and full default. In it, a government can be a nonstrategic commitment type or a strategic opportunistic type, and a government's ...

Pandemic Schooling Mode and Student Test Scores: Evidence from US School Districts

By Rebecca Jack, Clare Halloran, James Okun, and Emily Oster

òòò½Íø Review: Insights, June 2023

We estimate the impact of district-level schooling mode (in-person versus hybrid or virtual learning) in the 2020–2021 school year on students' pass rates on standardized tests in grades 3–8 across 11 states. Pass rates declined from 2019 to 2021: an ...

The Agglomeration of Urban Amenities: Evidence from Milan Restaurants

By Marco Leonardi and Enrico Moretti

òòò½Íø Review: Insights, June 2023

We estimate agglomeration externalities in Milan's restaurant sector using the abolition of a unique regulation that restricted where restaurants could locate. In 2005, Milan abolished a minimum distance requirement that had kept the number of establishme...