NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH
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21 August 2014

Skill Shortages and Mismatches?

Peter Cappelli finds little evidence of an under-supply of skilled workers in the U.S. labor market, and concludes that over-education of workers is a persistent situation in the U.S. labor market.

20 August 2014

Patient Behavior Following Treatment for Heart Disease

Jesse Margolis, Jason Hockenberry, Michael Grossman, and Shin-Yi Chou find that heart disease patients who receive Coronary Artery Bypass Graft, an invasive procedure, are 12 percentage points more likely to quit smoking in the next year than ex ante similar patients who received Percutaneous Coronary Intervention, a less invasive procedure. This difference in post-procedure behavior helps to explain the difference in long-term outcomes for the two procedures.

19 August 2014

Corporate Taxes and Firm Borrowing

Francis Longstaff and Ilya Strebulaev study corporate income tax returns from 1926 through 2009 and find that changes in corporate leverage are directly related to changes in corporate tax rates for all but the smallest firms. Small firms facing financial constraints adapt more slowly than other firms to changes in tax incentives for leverage.

18 August 2014

Lead Exposure and Childhood Behavior

Jessica Wolpaw Reyes finds that early childhood lead exposure is associated with behavior problems as a child, pregnancy and aggression as a teen, and criminal behavior as a young adult.
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