New NBER Research
30 September 2014
Based on a study of a rich data set on national teams and players in the professional soccer industry, Casey Ichniowski and Anne Preston find that the talent of an individual’s co-workers helps explain differences in rates of human capital accumulation on the job. Empirical results consistently show that performance improves more after an individual has been a member of an elite team than when he has been a member of lower-level teams.
29 September 2014
CEOs strategically time corporate news releases to coincide with months in which their equity vests, according to research by Alex Edmans, Luis Goncalves-Pinto, Yanbo Wang, and Moqi Xu. This generates a temporary run-up in stock prices and market liquidity, and the executives take advantage of these effects by cashing out shortly after the news releases, the researchers find. Five percent more discretionary news is released in vesting months than in other months, but there is no difference in the flow of non-discretionary news.
26 September 2014
Marika Cabral, Michael Geruso, and Neale Mahoney study how variation in the capitation payments from the federal government to insurers operating Medicare Advantage programs affected premiums charged to participants. While on average, a one dollar increase in such payments reduced premiums by 45 cents and increased the actuarial value of benefits by 8 cents, for a 53 cent "pass-through," the degree of pass-through varied from 13 percent in the least competitive markets to 74 percent in the most competitive.
Frequently Requested Items
Business Cycle (Recession & Recovery) Page
Latest announcement Relating to the Current Business Cycle (9/20/10)
New Working Papers List
Calls for Papers
Follow us on
25 September 2014
Casey Wichman, Laura Taylor, and Roger von Haefen analyze how different types of households respond to price and non-price water conservation policies during a time of drought. Raising water prices discourages consumption among low-income households but not those with higher incomes who are often large consumers, while prescriptive policies such as restrictions on outdoor water use result in uniform responses across income classes and greater reductions among households with historically high consumption.
24 September 2014
Jeffrey Brown, James Poterba, and David Richardson study how the 2009 suspension of the required minimum distribution rules associated with qualified retirement plans affected participant distributions at TIAA-CREF, a large retirement services provider. They find that roughly one third of those who were affected by minimum distribution rules discontinued their payouts during the "distribution holiday."
23 September 2014
Jonathan Gruber and Robin McKnight study the effect of a reform in the health insurance plan for Massachusetts state employees that introduced a major financial incentive for one group of employees, but not others, to choose limited network plans. They find that those who switched to these plans spent considerably less on medical care, reducing both the quantity of services used and the prices paid per service. Spending on primary care actually rose for those who switched to these plans; the reduction in spending came entirely from spending on specialists and on hospital care.
22 September 2014
David Card and Laura Giuliano analyze data from a large urban school district to study how assignment to separate gifted classrooms affected fourth grade students. They find that a separate classroom environment has little impact on the performance of students who were selected based on IQ test results, but that it raises performance for students selected on past achievement on subject matter tests, particularly for disadvantaged students who are often excluded from gifted and talented programs.
19 September 2014
Jenna Nobles, Elizabeth Frankenberg, and Duncan Thomas study the fertility response to an unanticipated mortality shock that resulted from the 2004 Indian Ocean tsunami, which killed large shares of the residents of some Indonesian communities but caused no deaths in neighboring communities. They find that mothers who lost one or more children in the disaster were significantly more likely to bear additional children after the tsunami and that women without children before the tsunami initiated family-building earlier in communities where tsunami-related mortality rates were higher.
( ...more.... )