19 March 2018

Do E-Cigarette Ads Encourage Adult Smokers to Quit?

TV advertising for e-cigarettes appears to increase the likelihood that tobacco smokers will try to quit, according to Dhaval M. Dave, Daniel Dench, Michael Grossman, Donald S. Kenkel, and Henry Saffer. The authors do not find this effect for advertising in magazines.

16 March 2018

The Rise of Women in the High-Skilled Labor Market

Since 1980, the probability of finding work in a cognitive/high-wage occupation has fallen for college-educated men and risen for college-educated women. Guido Matias Cortes, Nir Jaimovich, and Henry E. Siu attribute this to the rising importance of social skills in these occupations.

15 March 2018

The Rise of Monopoly Power in the United States

Gauti B. Eggertsson, Jacob A. Robbins, and Ella Getz Wold suggest that recent trends in both the rate of economic growth and the labor share of national income can be explained by two factors: an increase in market power and pure profits in the U.S. economy, and a persistent long-term decline in real interest rates.

14 March 2018

Impacts of In-kind Transfers of Medicaid Home Care

A study by Ethan M.J. Lieber and Lee M. Lockwood finds that Medicaid’s in-kind provision of formal home care significantly reduces how much recipients value the benefit but reaches a small fraction of the eligible population that has greater demand for formal home care, is sicker, and has worse-than-average informal care options.

13 March 2018

Trade Creditors’ Information Advantage

Large trade creditors hold private information about their trade partners, according to research by Victoria Ivashina and Benjamin Iverson; these creditors' decisions to sell receivables of companies in bankruptcy are predictive of lower recovery rates.

12 March 2018

E-cigarettes and Adult Smoking

E-cigarette use increases the probability a smoker will attempt to quit using tobacco, the probability that the smoker will fail to quit, and the number of unsuccessful attempts to quit, according to an analysis of Tobacco Use Supplements survey data by of Henry Saffer, Daniel Dench, Dhaval Dave, and Michael Grossman.

9 March 2018

From the Bargaining Table to the Ballot Box:
Political Effects of Right-to-Work Laws

James Feigenbaum, Alexander Hertel-Fernandez, and Vanessa Williamson find that the adoption of right-to-work laws, which tend to weaken unions, is associated with reductions in campaign contributions and turnout for Democratic Party candidates at all levels of government.

8 March 2018

Are Interest Rates Really Low?

The after-tax real return that taxable investors earned on long-term Treasury bonds in 2016 was higher than in 2006, 1976, 1966 , and 1956, although they were lower than in 1996 and 1986, an analysis by Daniel R. Feenberg, Clinton Tepper, and Ivo Welch indicates.

7 March 2018

Wartime Suspension of Copyright Protection Boosted
Access to German Science Books across the U.S.

In 1943, the U.S. Book Republication Program (BRP) granted US publishers temporary licenses to republish German-owned science books. Barbara Biasi and Petra Moser find that this triggered a large increase in citations to German-owned science books. This effect was driven by a significant reduction in access costs, which helped in particular to distribute the books to less-affluent colleges and universities.

6 March 2018

Mexican Cash Transfer Program Boosts Youths'
Educational Attainment and Job Prospects as Adults

By analyzing Mexican household surveys spanning the period 2003-15, Adriana D. Kugler and Ingrid Rojas find that youth with greater exposure to the country’s conditional cash transfer program had greater increases in educational attainment and were more likely to have good jobs than those with less exposure.
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