Rising regulations, ebbing emissions

[Research Highlight]

November 30, 2018

What’s behind the decline in US manufacturing pollution?

Testing the Waters: Behavior across Participant Pools

By Erik Snowberg and Leeat Yariv

American Economic Review, February 2021

We leverage a large-scale incentivized survey eliciting behaviors from (almost) an entire undergraduate university student population, a representative sample of the US population, and Amazon Mechanical Turk (MTurk) to address concerns about the external ...

Call for Applications: CSUS Library Research Fellowship Program

[News]

February 24, 2021

The application deadline is April 2, 2021.

William T. Grant Foundation 2021 Scholars Program

[News]

February 24, 2021

The online application opens on April 1, 2021 and the deadline to submit an application is July 7, 2021.

Front Matter

American Economic Review, March 2021

The Efficiency of Race-Neutral Alternatives to Race-Based Affirmative Action: Evidence from Chicago's Exam Schools

By Glenn Ellison and Parag A. Pathak

American Economic Review, March 2021

Several K-12 and university systems have adopted race-neutral affirmative action in place of race-based alternatives. This paper explores whether these plans are effective substitutes for racial quotas in Chicago Public Schools (CPS), which now employs ...

Knowledge Spillovers and Corporate Investment in Scientific Research

By Ashish Arora, Sharon Belenzon, and Lia Sheer

American Economic Review, March 2021

Using data on 800,000 corporate publications and patent citations to these publications between 1980 and 2015, we study how corporate investment in research is linked to its use in the firm's inventions, and to spillovers to rivals. We find that private r...

The Abolition of Immigration Restrictions and the Performance of Firms and Workers: Evidence from Switzerland

By Andreas Beerli, Jan Ruffner, Michael Siegenthaler, and Giovanni Peri

American Economic Review, March 2021

We study a reform that granted European cross-border workers free access to the Swiss labor market and had a stronger effect on regions close to the border. The greater availability of cross-border workers increased foreign employment substantially. Altho...

Job Displacement Insurance and (the Lack of) Consumption-Smoothing

By François Gerard and Joana Naritomi

American Economic Review, March 2021

We study the spending profile of workers who experience both a positive transitory income shock (lump-sum severance pay) and a negative permanent income shock (layoff ). Using de-identified expenditure and employment data from Brazil, we show that workers...

What Motivates Paternalism? An Experimental Study

By Sandro Ambuehl, B. Douglas Bernheim, and Axel Ockenfels

American Economic Review, March 2021

We study experimentally when, why, and how people intervene in others' choices. Choice Architects (CAs) construct opportunity sets containing bundles of time-indexed payments for Choosers. CAs frequently prevent impatient choices despite opportunities to ...

The Financial Transmission of Housing Booms: Evidence from Spain

By Alberto Martín, Enrique Moral-Benito, and Tom Schmitz

American Economic Review, March 2021

How does a housing boom affect credit to non-housing firms? Using bank, firm, and loan-level microdata, we show that the Spanish housing boom reduced non-housing credit growth during its first years, but stimulated it later on. These patterns can be ratio...

Rank Uncertainty in Organizations

By Marina Halac, Elliot Lipnowski, and Daniel Rappoport

American Economic Review, March 2021

A principal incentivizes a team of agents to work by privately offering them bonuses contingent on team success. We study the principal's optimal incentive scheme that implements work as a unique equilibrium. This scheme leverages rank uncertainty to addr...

ASSA 2019 Annual Meeting

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ASSA 2018 Annual Meeting

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ASSA 2016 Annual Meeting

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ASSA 2015 Annual Meeting

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ASSA 2014 Annual Meeting

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Disappearing gazelles

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Fewer high-growth startups could be making the US economy much less dynamic.

Tariff Pass-Through at the Border and at the Store: Evidence from US Trade Policy

By Alberto Cavallo, Gita Gopinath, Brent Neiman, and Jenny Tang

American Economic Review: Insights, March 2021

We use microdata collected at the border and the store to characterize the price impact of recent US trade policy on importers, exporters, and consumers. At the border, import tariff pass-through is much higher than exchange rate pass-through. Chinese exp...

The Cyclical Behavior of Job Quality and Real Wage Growth

By Andriana Bellou and Bariş Kaymak

American Economic Review: Insights, March 2021

We study the empirical relevance of implicit insurance contracts for wage setting while accounting for cyclical fluctuations in average job quality. Using proxy measures, we find the latter to be acyclical, if not countercyclical, due to the cleansing eff...