9 February 2018
Working in a comparatively family friendly firm or job diminishes the parenthood penalty to labor earnings and makes it easier for mothers to work more hours, V. Joseph Hotz
, Per Johansson
, and Arizo Karimi
find. However, working in such firms or jobs also impedes mothers’ ability to climb career ladders.
8 February 2018
Dissolution of the federal Office of Thrift Supervision (OTS), which oversaw 10 percent of all U.S. depository institutions, resulted in stricter supervision of former OTS banks and was accompanied by an approximately 10 percent increase small business lending by those banks, research by João Granja
and Christian Leuz
7 February 2018
Although median compensation and average compensation in the United States have diverged starkly from average labor productivity, Anna M. Stansbury
and Lawrence H. Summers
find that over 1973-2016, 1 percentage point higher productivity growth was associated with 0.7 to 1 percentage point higher median and average compensation growth. Factors unrelated to slowing productivity growth appear to have accounted for sluggish compensation growth in recent years.
6 February 2018
Individuals with credit card debt do not allocate repayments to the highest interest rate card, which would minimize the cost of borrowing, John Gathergood
, Neale Mahoney
, Neil Stewart
, and Joerg Weber
find. Instead, many allocate repayments using a balance-matching heuristic under which the share of repayments on each card is matched to the share of balances on each card.
5 February 2018
Michael D. Frakes
and Melissa F. Wasserman
document strong evidence that the granting styles of surrounding peers influence patent examiners’ decisions whether to allow a patent. Such influences arise, at least in part, through knowledge spillovers rather than peer pressure.