Selfish Corporations restud.com/selfish-corporati… We study how perceptions of corporate responsibility influence policy preferences and the effectiveness of corporate communication when agents have imperfect memory recall. Using a new large-scale survey of U.S. citizens on…

Deadly Debt Crises: COVID-19 in Emerging Markets restud.com/deadly-debt-crise… Emerging markets have experienced large human and economic costs from COVID- 19, and their tight fiscal space has limited the support extended to their citizens. We study the impact of an epidemi…

Vacancy Durations and Entry Wages: Evidence from Linked Vacancy-Employer-Employee Data restud.com/vacancy-durations… This paper explores the relationship between the duration of a vacancy and the starting wage of a new job, using linked data on vacancies, the posting establ…

Bilateral Trade Imbalances restud.com/bilateral-trade-i… If sectoral trade flows obey structural gravity, countries’ bilateral trade imbalances are the result of macro trade imbalances, “triangular trade”, or pairwise asymmetric trade barriers. Using data for 40 major econo…

Optimal Long-Term Health Insurance Contracts: Characterization, Computation, and Welfare Effects restud.com/optimal-long-term… Reclassification risk is a major concern in health insurance where contracts are typically one year in length but health shocks often persist for m…

Mortgage Design and Slow Recoveries. The Role of Recourse and Default. restud.com/mortgage-design-a… We show that mortgage recourse systems, by discouraging default, magnify the impact of nominal rigidities. They cause deeper and more persistent recessions. This mechanism …

Demand and Welfare Analysis in Discrete Choice Models with Social Interactions restud.com/demand-and-welfar… Many real-life settings of individual choice involve social interactions, causing targeted policies to have spillover effects. This paper develops novel empirical to…

Income growth and the distributional effects of urban spatial sorting restud.com/income-growth-and… We explore the impact of rising incomes at the top of the distribution on spatial sorting patterns within large U.S. cities. We develop and quantify a spatial model of a city w…

Fair Matching under Constraints: Theory and Applications restud.com/fair-matching-und… This paper studies a general model of matching with constraints. Observing that a stable matching typically does not exist, we focus on feasible, individually rational, and fair matchings. …

Diversity in Schools: Immigrants and the Educational Performance of U.S.-Born Students restud.com/diversity-in-scho… We study the effect of exposure to immigrants on the educational outcomes of U.S.-born students, using a unique dataset combining population-level birth and sc…

The 2000s Housing Cycle With 2020 Hindsight: A Neo-Kindlebergerian View restud.com/the-2000s-housing… With “2020 hindsight,” the 2000s housing cycle is not a boom-bust but a boom-bust- rebound. Using a spatial equilibrium regression in which house prices are determined by inc…

The Value of Data Records restud.com/the-value-of-data… Many e-commerce platforms use buyers’ personal data to intermediate their transactions with sellers. How much value do such intermediaries derive from the data record of each single individual? #economics

Beyond Dividing the Pie: Multi-Issue Bargaining in the Laboratory restud.com/paper/beyond-divi… Olivier Bochet, New York University Abu Dhabi, Manshu Khanna, Peking University HSBC, and Simon Siegenthaler, University of Texas at Dallas #economics

Liberty, Security, and Accountability: The Rise and Fall of Illiberal Democracies restud.com/paper/liberty-sec… Gabriele Gratton, UNSW Business School and Barton E. Lee, ETH Zurich #economics

Job Matching with Subsidy and Taxation restud.com/paper/job-matchin… Fuhito Kojima, University of Tokyo, Ning Sun, Southern University of Science and Technology and Nanjing Audit University, and Ning Neil Yu, Nanjing Audit University #economics

Are Executives in Short Supply? Evidence from Death Events restud.com/paper/are-executi… Julien Sauvagnat, Bocconi University and CEPR and Fabiano Schivardi, Luiss University, EIEF and CEPR #economics

The Size and Life-cycle Growth of Plants: The Role of Productivity, Demand and Wedges restud.com/paper/the-size-an… Marcela Eslava, Universidad de Los Andes, John Haltiwanger, University of Maryland, and Nicolas Urdaneta, Universidad de Los Andes #economics

Salience and Taxation with Imperfect Competition restud.com/paper/salience-an… Kory Kroft, University of Toronto and NBER, Jean-William P. Laliberté, University of Calgary, René Lael-Vizcaíno, Bank of Mexico, and Matthew J. Notowidigdo, University of Chicago and NBER #eco…

Credit Access, Selection, and Incentives in a Market for Asset Collateralized Loans: Evidence from Kenya restud.com/paper/credit-acce… William Jack, Georgetown University, Michael Kremer, University of Chicago, Joost de Laat, Utrecht University, and Tavneet Suri, MIT Sloan Sc…

Diagnostic Business Cycles restud.com/paper/diagnostic-… Francesco Bianchi, Johns Hopkins University, CEPR & NBER, Cosmin Ilut, Duke University & NBER, and Hikaru Saijo, University of California, Santa Cruz #economics