11 November 2019

Workers are Attracted to Socially Responsible Firms

When a firm advertises work as socially oriented, it attracts employees who are more productive, produce higher quality work, and have more highly valued leisure time, an experiment by Daniel Hedblom, Brent R. Hickman, and John A. List finds.

8 November 2019

Impacts of Rural and Urban Hospital Closures

A study by Kritee Gujral and Anirban Basu of hospital closures in California shows that rural closures increase inpatient mortality by 0.46 percentage points (an increase of 5.9 percent), whereas urban closures have no impact.

7 November 2019

How Costly is Turnover? Evidence from Retail

In a study of turnover on small retail sales teams, Peter J. Kuhn and Lizi Yu find significant productivity losses at four distinct times: after the worker gives notice, before she departs, after she leaves, and after a new worker starts.

6 November 2019

Can Machine Learning Help Target Cardiac Testing?

Applying machine learning to Medicare claims data, Sendhil Mullainathan and Ziad Obermeyer find that many patients at the top of the risk distribution for heart attack go untested and go on to have adverse cardiac events, including death.

5 November 2019

Evidence on Barriers to Neighborhood Choice

Barriers in the housing search process are central drivers of residential segregation by income, and provision of customized assistance in housing search could reduce residential segregation and increase upward mobility substantially, Peter Bergman, Raj Chetty, Stefanie DeLuca, Nathaniel Hendren, Lawrence F. Katz, and Christopher Palmer conclude.

4 November 2019

The Term Structure of Convenience Yields

Jules H. van Binsbergen, William F. Diamond, and Marco Grotteria estimate the “convenience yield” on Treasury bonds of less than 30 month maturity to be about 40 basis points. The convenience yield is greater at maturities of less than 3, but the estimates range from -28bp to -57bp across countries.

1 November 2019

Screening and Selection: The Case of Mammograms

Liran Einav, Amy Finkelstein, Tamar Oostrom, Abigail J. Ostriker, and Heidi L. Williams calculate that because those who follow screening recommendations are healthier than the population at large, the actual number of additional cancer deaths from shifting the recommendation for women to begin breast cancer screenings at age 45 rather than age 40 is only one third as large as it would be if those who were screened were drawn randomly from the population.

31 October 2019

City Dynamics When the Rich Get Richer

As the rich get richer, their increased demand for luxury amenities available in downtown areas drives housing prices up in these areas. The poor must either move to lower-priced locations or pay higher rents, according to work by Victor Couture, Cecile Gaubert, Jessie Handbury, and Erik Hurst.

30 October 2019

Covered Interest Parity Deviations Have Increased

Covered interest parity deviations have significantly increased since the global financial crisis, along with potential macro-financial drivers of the deviations, Eugenio M. Cerutti, Maurice Obstfeld, and Haonan Zhou find.

29 October 2019

Spillover Effects of the VW Emissions Scandal

The Volkswagen emissions scandal reduced US sales of other German auto manufacturers — BMW, Mercedes-Benz, and Smart — by about 105,000 vehicles, or $5.2 billion, Ruediger Bachmann, Gabriel Ehrlich, Ying Fan, and Dimitrije Ruzic report.
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