13 January 2020
Recognizing that the price that consumers face for a given good is likely to vary at any point in time, Victor Chernozhukov
, Jerry A. Hausman
, and Whitney K. Newey
apply machine learning tools to develop new estimators of both demand elasticities and consumer surplus. Applied to household purchases of soft drinks, they find that demand elasticities tend to be smaller in panel than in cross-sectional data.
10 January 2020
, Victor Lavy
, and Maayan Segev
study a shift in Israeli kibbutzim from equal sharing to productivity-based wages and find that the shift spurred a dramatic increase in the rate of return to schooling and a large increase in the probability of receiving a bachelor degree, especially in STEM fields.
9 January 2020
Being better-looking is associated with higher objective learning outcomes among children in the US and UK, according to Daniel S. Hamermesh
, Rachel A. Gordon
, and Robert Crosnoe
. A person whose looks are judged to be one standard deviation above average attains 0.4 years more schooling than an otherwise identical individual.
8 January 2020
Children of immigrants from nearly every sending country have higher rates of upward mobility than children of the US-born despite dramatic shifts in sending countries and US immigration policy, Ran Abramitzky
, Leah Platt Boustan
, Elisa Jácome
, and Santiago Pérez
7 January 2020
The only Earned Income Tax Credit reform associated with clear employment increases is the expansion enacted in 1993, a study by Henrik Kleven
shows. Employment increases in the mid-late ‘90s were very large, but appear to have been the result of welfare reform and a booming macroeconomy.