On the Divergence between CPI and PPI as Inflation Gauges: The Role of Supply...
This paper starts by documenting a new fact that consumer price index (CPI) and producer price index (PPI) used to move in tandem within a given country around the world, but start to diverge after...
View ArticlePublic Tax-Return Disclosure -- by Jeffrey L. Hoopes, Leslie Robinson, Joel...
We investigate the consequences of public disclosure of information from company income tax returns filed in Australia. Supporters of more disclosure argue that increased transparency will improve tax...
View ArticleEvidence of Decreasing Internet Entropy: The Lack of Redundancy in DNS...
This paper analyzes the extent to which the Internet's global domain name resolution (DNS) system has preserved its distributed resilience given the rise of cloud-based hosting and infrastructure. We...
View ArticleThe Effect of Organized Breast Cancer Screening on Mammography Use: Evidence...
In 2004, France introduced a national program of organized breast cancer screening. The national program built on pre-existing local programs in some, but not all, departements. Using data from...
View ArticleInequality and Aggregate Demand -- by Adrien Auclert, Matthew Rognlie
We explore the transmission mechanism of income inequality to output. In the short run, higher inequality reduces output because marginal propensities to consume are negatively correlated with incomes,...
View ArticleRandomizing Religion: The Impact of Protestant Evangelism on Economic...
To test the causal impact of religiosity, we conducted a randomized evaluation of an evangelical Protestant Christian values and theology education program that consisted of 15 weekly half-hour...
View ArticleThe Tail that Keeps the Riskless Rate Low -- by Julian Kozlowski, Laura...
Riskless interest rates fell in the wake of the financial crisis and have remained low. We explore a simple explanation: This recession was perceived as an extremely unlikely event before 2007....
View ArticleThe Welfare Effects of Peer Entry in the Accommodation Market: The Case of...
We study the effects of enabling peer supply through Airbnb in the accommodation industry. We present a model of competition between flexible and dedicated sellers - peer hosts and hotels - who provide...
View ArticlePeople Management Skills, Employee Attrition, and Manager Rewards: An...
How much do a manager's interpersonal skills with subordinates, which we call people management skills, affect employee outcomes? Are managers rewarded for having such skills? Using personnel data from...
View ArticleSeeing the Forest for the Trees? An Investigation of Network Knowledge -- by...
This paper assesses the empirical content of one of the most prevalent assumptions in the economics of networks literature, namely the assumption that decision makers have full knowledge about the...
View ArticleLearning When to Quit: An Empirical Model of Experimentation -- by Bernhard...
We study a dynamic model of the decision to continue or abandon a research project. Researchers improve their ideas over time and also learn whether those ideas will be adopted by the scientific...
View ArticleComputerizing Industries and Routinizing Jobs: Explaining Trends in Aggregate...
Aggregate productivity growth in the U.S. has slowed down since the 2000s. We quantify the importance of differential productivity growth across occupations and across industries, and the rise of...
View ArticleMarriage, Labor Supply and the Dynamics of the Social Safety Net -- by Hamish...
The 1996 PRWORA reform introduced time limits on the receipt of welfare in the United States. We use variation by state and across demographic groups to provide reduced form evidence showing that such...
View ArticleIs Fertility a Leading Economic Indicator? -- by Kasey Buckles, Daniel...
Many papers show that aggregate fertility is pro-cyclical over the business cycle. In this paper we do something else: using data on more than 100 million births and focusing on within-year changes in...
View ArticleIndustry Input in Policymaking: Evidence from Medicare -- by David C. Chan,...
In setting prices for physician services, Medicare solicits input from a committee that evaluates proposals from industry. We investigate whether this arrangement leads to prices biased toward the...
View ArticleProtectionism and the Business Cycle -- by Alessandro Barattieri, Matteo...
We study the consequences of protectionism for macroeconomic fluctuations. First, using high-frequency trade policy data, we present fresh evidence on the dynamic effects of temporary trade barriers....
View ArticleSelf-Regulating Artificial General Intelligence -- by Joshua S. Gans
This paper examines the paperclip apocalypse concern for artificial general intelligence. This arises when a superintelligent AI with a simple goal (ie., producing paperclips) accumulates power so that...
View ArticleDoes Integration Change Gender Attitudes? The Effect of Randomly Assigning...
We use data from multiple national surveys to describe trends in private elementary school enrollment by family income from 1968-2013. We find several important trends. First, the private school...
View ArticleWaiting for the Payday? The Market for Startups and the Timing of...
Most technology startups are set up for exit through acquisition by large corporations. In choosing when to sell, startups face a tradeoff. Early acquisition reduces execution errors but later...
View ArticleCarpooling and the Economics of Self-Driving Cars -- by Michael Ostrovsky,...
We study the interplay between autonomous transportation, carpooling, and road pricing. We discuss how improvements in these technologies, and interactions among them, will affect transportation...
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