24 March 2020

Age and Subjective Well-being in 132 Countries

Analyzing data from 132 countries, and controlling for education, marital, and labor force status, David G. Blanchflower finds that self-reported well-being is U-shaped in age, reaching a low point in middle age.

23 March 2020

The Effects of Income on Children's Health

Children who are automatically eligible for the Supplemental Security Income program because of their low birthweights are less likely to be admitted to hospital and they use fewer specialist services than children whose birthweight is just above the eligibility threshold, Hansoo Ko, Renata E. Howland, and Sherry A. Glied find.

20 March 2020

Why Racial Disparity in Air Pollution Exposure Fell

A significant portion of the convergence in air pollution exposure levels between blacks and whites can be attributed to the impact of the Clean Air Act, which reduced pollution the most in initially very polluted areas, according to a study by Janet Currie, John Voorheis, and Reed Walker.

19 March 2020

Midlife Impacts of Graduating in a Recession

Those who entered the labor market during the deep recession of the early 1980s exhibited lower earnings, worked longer hours, and displayed higher mortality in their late 30s and 40s than other comparably aged individuals in other cohorts, according to calculations by Hannes Schwandt and Till M. von Wachter.

18 March 2020

Dynastic Precautionary Savings

Corina Boar finds that parents accumulate savings to insure their children against income risk, and argues that strategic interactions between parents and children are important for generating this behavior.

17 March 2020

State-Level Carbon Pricing and Industrial Competitiveness

Brendan J. Casey, Wayne B. Gray, Joshua Linn, and Richard Morgenstern indicates that a state-level carbon price of $10 per metric ton reduces employment in the regulated region by 2.7 percent and raises employment in nearby states by 0.8 percent.

16 March 2020

The Decline of Secured Debt

Efraim Benmelech, Nitish Kumar, and Raghuram Rajan document a steady decline in the share of secured debt issued as a fraction of total debt in the United States during the 20th century, with some pickup since 2000.

13 March 2020

Is Parental Leave Costly for Firms and Coworkers?

Analyzing data from Denmark to assess family leave costs to firms and coworkers, Anne A. Brenøe, Serena P. Canaan, Nikolaj A. Harmon, and Heather N. Royer find no measurable effects on firm output or profitability, and no significant changes in the well-being of coworkers.

12 March 2020

Does Marginal Hospitalization Save Lives?

Studying elderly Medicare patients who come to ERs with respiratory conditions that are at the margin for hospital admission, Janet Currie and David Slusky find that admission leads on average to a seven day hospital stay, and to charges of $42,000, but does not reduce the risk of death in the course of the next year.

11 March 2020

Paid Parental Leave Spreads in US, but Still Lags

Firm-provided paid parental leave has greatly increased in the last two decades in the United States but even workers at the most generous US firms receive fewer weeks of fully paid leave than workers in the median OECD nation, according to a study by Claudia Goldin, Sari Pekkala Kerr, and Claudia Olivetti.
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