New NBER Research
21 October 2014
Consumer bankruptcy is one of the largest social insurance programs in the United States. Will Dobbie and Jae Song analyze its impact on debtors using 500,000 bankruptcy filings matched to administrative tax and foreclosure data. They find that Chapter 13 protection increases annual earnings by $5,562, decreases five-year mortality by 1.2 percentage points, and decreases five-year foreclosure rates by 19.1 percentage points.
20 October 2014
The U.S. has substantially higher infant mortality than peer countries. Using data from the U.S., Austria, and Finland, Alice Chen, Emily Oster, and Heidi Williams find similar mortality in the first month after birth but a substantial US disadvantage thereafter. This postneonatal mortality disadvantage is driven almost exclusively by inequality in the U.S. Infants born to white, college-educated, married U.S. mothers have similar mortality to advantaged infants in Europe.
17 October 2014
In an experimental study of employers’ perceptions of postsecondary degrees, David Deming, Noam Yuchtman, Amira Abulafi, Claudia Goldin, and Lawrence Katz send fictitious resumes to real vacancy postings on a large online job board. Callbacks in response to the “applications” suggest that employers value college quality and the likelihood of a successful match when contacting applicants.
16 October 2014
Some sanctions built into the No Child Left Behind accountability regime exert positive impacts on students, according to Thomas Ahn and Jacob Vigdor. They find the strongest positive effects from the leadership and management changes associated with school restructuring. They find that the gains from restructuring are pervasive, while the gains from other, more modest, sanctions are concentrated among low-performing students.
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15 October 2014
Hunt Allcott and Daniel Keniston find that when an energy boom doubles national oil and gas employment, total employment and wages also rise. Their results highlight how linkages to natural resources can be drivers of manufacturing growth.
14 October 2014
A country's age structure is related to its level of entrepreneurship, according to a study by James Liang, Hui Wang, and Edward Lazear that uses Global Entrepreneurship Monitor data. Entrepreneurship requires both creativity and business acumen. Very young individuals often lack the business skills necessary to start a business, while older workers may not have the creativity or energy to engage in entrepreneurship.
10 October 2014
John Bound, Murat Demirci, Gaurav Khanna, and Sarah Turner examine the role that U.S. higher education and immigration policy play in the doubling of foreign-born Information Technology workers between 1993 and 2010. They find that foreign-born workers who obtain a degree from a U.S. college or university are particularly likely to remain in the country.
9 October 2014
Òscar Jordà, Moritz Schularick, and Alan Taylor analyze a new, long-run dataset covering disaggregated bank credit for 17 advanced economies since 1870. They find that mortgages’ share of banks’ balance sheets doubled during the 20th century, and financial-stability risks have been increasingly linked to real estate lending booms.
8 October 2014
Many countries mandate that vehicles have a certain fuel economy but make exceptions for heavier or larger vehicles. Such policies can create perverse incentives to increase the weight of vehicles unnecessarily, Koichiro Ito and James Sallee find. They cite large distortions to vehicle weight in Japan induced by the policy.
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