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òòò½Íø Guidance on the 2024-25 Economics Job Market Cycle

[News]

August 05, 2024

View the òòò½Íø Member Announcement from August 5th, 2024.

The Evolution of Local Labor Markets after Recessions

By Brad Hershbein and Bryan A. Stuart

òòò½Íø Journal: Applied Economics, July 2024

This paper studies how US local labor markets respond to employment losses that occur during recessions. Following recessions from 1973 through 2009, we find areas that lose more jobs during the recession experience persistent relative declines in employm...

Why Didn't the College Premium Rise Everywhere? Employment Protection and On-the-Job Investment in Skills

By Matthias Doepke and Ruben Gaetani

òòò½Íø Journal: Macroeconomics, July 2024

Why has the college wage premium risen rapidly in the United States since the 1980s but not in European economies such as Germany? We argue that differences in employment protection can account for much of the gap. We develop a model in which firms and wo...

2024 ASSA Annual Meeting

[Page]

òòò½Íø Election – Check Your Inbox for Your Ballot

[News]

August 19, 2024

View the òòò½Íø Member Announcement from August 19th, 2024.

Explaining differences in the college wage premium across countries

[Research Highlight]

August 14, 2024

Do employment protection policies help buoy the wages of less educated workers relative to their more educated counterparts?

Curtailing Mafia influence

[Page]

Dismissing corrupt city councils promoted long-run economic benefits in Italian municipalities.

The political power of historical narratives

[Research Highlight]

July 29, 2024

Christian Ochsner discusses a campaign by Austria’s far-right populists to link historic atrocities to Muslim minorities.

Corporate bonds, congestion pricing, and tipping

[News]

July 09, 2024

Reading recommendations from Timothy Taylor, managing editor of the Journal of Economic Perspectives"

òòò½Íø Award and Grant Opportunities – Act Now

[News]

August 15, 2024

View the òòò½Íø Member Announcement from August 19th, 2024.

Abortion and health care

[Page]

Does legal abortion reduce maternal mortality?

Annual Meeting Registration and Other Announcements

[News]

August 28, 2024

View the òòò½Íø Member Announcement from August 28th, 2024.

Broader economic impacts of the Paycheck Protection Program

[Research Highlight]

August 27, 2024

Brent Ambrose discusses the spillover effects of the PPP on the commercial real estate market.

Did the Paycheck Protection Program Help Small Businesses? Evidence from Commercial Mortgage-Backed Securities

By Sumit Agarwal, Brent W. Ambrose, Luis A. Lopez, and Xue Xiao

òòò½Íø Journal: Economic Policy, August 2024

In this study, we examine the broader economic effects of the US federal government's Paycheck Protection Program by focusing on the performance of securitized commercial mortgages. We provide novel evidence for spillover effects of government interventio...

Front Matter

òòò½Íø Review, September 2024

Revealing Choice Bracketing

By Andrew Ellis and David J. Freeman

òòò½Íø Review, September 2024

Experiments suggest that people fail to take into account interdependencies between their choices—they do not broadly bracket. Researchers often instead assume people narrowly bracket, but existing designs do not test it. We design a novel experiment an...

Valuing Long-Term Property Rights with Anticipated Political Regime Shifts

By Zhiguo He, Maggie Hu, Zhenping Wang, and Vincent Yao

òòò½Íø Review, September 2024

We identify exposure to political risk by exploiting a unique variation around land lease extension protection after 2047 in Hong Kong's housing market due to historical arrangements. Relative to properties that have been promised an extension protection,...

Investing in the Next Generation: The Long-Run Impacts of a Liquidity Shock

By Patrick Agte, Arielle Bernhardt, Erica Field, Rohini Pande, and Natalia Rigol

òòò½Íø Review, September 2024

Poor entrepreneurs must frequently choose between business investment and children's education. To examine this trade-off, we exploit experimental variation in short-run microenterprise growth among a sample of Indian households and track schooling and bu...

Big Loans to Small Businesses: Predicting Winners and Losers in an Entrepreneurial Lending Experiment

By Gharad Bryan, Dean Karlan, and Adam Osman

òòò½Íø Review, September 2024

We experimentally study the impact of relatively large enterprise loans in Egypt. Larger loans generate small average impacts, but machine learning using psychometric data reveals "top performers" (those with the highest predicted treatment effects) subst...

In-Kind Transfers as Insurance

By Lucie Gadenne, Samuel Norris, Monica Singhal, and Sandip Sukhtankar

òòò½Íø Review, September 2024

Households in developing countries often face variation in the prices of consumption goods. We develop a model demonstrating that in-kind transfers will provide insurance benefits against price risk if the covariance between the marginal utility of income...