Distilling research for public debate. RTs and Following ≠ endorsement.
London, England
Joined October 2015
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Did curbs on personalised credit-card rates help consumers?
New research finds that the US CARD Act raised consumer welfare overall by limiting lenders’ ability to raise rates as borrowers’ circumstances worsened.
microeconomicinsights.org/di…
📕 NEW from @MathildeMunoz:
How has the EU’s system for temporarily posting workers across borders affected labour markets?
New research finds it increased labour mobility, but reduced domestic employment in more exposed regions.
Read more:
microeconomicinsights.org/tr…
📕 NEW from Nicholas Buchholz, @lauradoval , Jakub Kastl, Filip Matějka & @TobiasSalz :
Does personalised pricing help or harm consumers?
Using ride-hailing data, they find personalised pricing can increase welfare - but creates clear winners and losers among riders.
Read more: microeconomicinsights.org/do…
📕 NEW from Thomas G. Wollmann @BUQuestrom:
‘How to Get Away with Merger: Stealth Consolidation and Its Effects on US Dialysis’
The study finds that mergers exempt from premerger notification are around 90% less likely to face antitrust enforcement.
In US dialysis markets, these acquisitions can concentrate ownership, reduce quality and lead to higher hospitalization and mortality rates.
The findings suggest that expanding premerger notification could deliver benefits far exceeding the costs of additional review.
📕 NEW from Dita Eckardt @warwickecon:
'When Training and Work Don’t Match: Lessons from German Apprenticeships'
The study finds that that four in ten German apprenticeship graduates find themselves working in a field that differs from their training.
These findings have important implications for the design of education programs.
Read the article here: microeconomicinsights.org/wh…
📕 NEW from @anacostaramon, Michaela Slotwinski @UZH_en, Ursina Schaede @TuftsUniversity and Anne Ardila Brenøe @UZH_en:
'Do Mothers Respond to Information About the Long-Term Consequences of Part-Time Work?'
The paper finds that mothers’ labor force participation and earnings decline sharply following the birth of a first child.
Additionally, long-term financial factors are not top of mind when Swiss women are making labor supply decisions as a parent.
Nevertheless, an information campaign can help create meaningful behavioral change, especially among the least informed groups.
Read here: microeconomicinsights.org/do…
📕 NEW from @mariusring:
'Wealth Taxation and Household Saving: Evidence from Norway'
Quasi-experimental variation in the Norwegian wealth tax is used to study how wealth taxation affects households’ saving and labor supply behaviour.
The paper finds that higher exposure to wealth taxation causes households to save more as opposed to less. This increase in saving is primarily financed by increased labor earnings, rather than lower consumption.
Additionally the paper finds no evidence of bunching around the tax threshold in Norway, suggesting limited tax evasion.
Read here: microeconomicinsights.org/we…
📕 NEW from @cailin_slattery:
'Bidding for Firms: Subsidy Competition in the United States'
Firms are the clear winners from subsidy competition.
The deployment of subsidies is estimated to be one of the largest economic development tools used in the United States. The paper finds that the scope for discretionary subsidies to be an effective tool to reduce geographic inequality in the U.S. is extremely limited.
The average subsidized firm in the data promises to create 1,400 jobs and receives a subsidy worth $150 million over 10 years.
Read here: microeconomicinsights.org/bi…
New from @djh1202 and @nhendren82:
'A better way to pay for college?'
There is a better way to fund undergraduate study, according to new research on the US.
"The main finding is that adverse selection – the sorting of individuals with worse - than-average outcomes into insurance-like contracts – has unraveled private markets for these products, making them unprofitable for firms to offer."
"If private firms cannot profitably finance college with equity or state-contingent debt, should the government subsidize these contracts?"
Read here: microeconomicinsights.org/a-…
