6 June 2013
, Christian Helmers
, Mark Rogers
, and Vania Sena
note that in the United Kingdom only about 4 percent of innovating firms use patents because they don't consider patents as important as informal ways of protecting their inventions. Most of these innovating firms are small, many of their innovations are new to the firm but not to the market, and many of the sectors in which they operate are not active in patenting. The researchers do not find that patenting is linked to subsequent employment growth in the innovation sector.
5 June 2013
How does the price of giving - that is, the amount an individual must give for one dollar to accrue to the charitable activity itself - affect donor behavior? Jonathan Meer
analyzes data from DonorsChoose.org, an online platform that allows public school teachers to choose charitable projects for which they might raise funds, and which includes some data on the price of giving. He finds that the higher the price of giving, the less likely it is that a project will be funded. Increased competition between charities also reduces the likelihood of a project being funded.
4 June 2013
, Augustin Landier
, and Julien Sauvagnat
study CEO compensation over the period 2004-2011 and find that it closely tracked average firm value. In the crisis years between 2007 and 2009, average total firm value decreased by 17 percent and CEO pay decreased by 28 percent. During the recovery in 2009-2011, firm value rebounded by 19 percent and CEO pay increased by 22 percent.
3 June 2013
and Lakshmi Raut
conclude that a tax financed, free preschool program for poor children will result in higher average earnings and in higher levels of schooling completed. Analyzing data from the 1979 National Longitudinal Survey of Youth, they find that investing in preschool boosts children's cognitive and non-cognitive skills.
31 May 2013
and Rob Valletta
find that providing extended unemployment insurance (UI) benefits, as many U.S. states did in 2009-12 and in the milder economic downturn in the early 2000s, resulted in a slight reduction in the number of workers leaving unemployment and a small increase in the average length of unemployment spells. They conclude that this is primarily the result of fewer exits from the labor force, not a decrease in the job finding rate.