Marriage, Labor Supply and the Dynamics of the Social Safety Net -- by Hamish...
The 1996 PRWORA reform introduced time limits on the receipt of welfare in the United States. We use variation by state and across demographic groups to provide reduced form evidence showing that such...
View ArticleIs Fertility a Leading Economic Indicator? -- by Kasey Buckles, Daniel...
Many papers show that aggregate fertility is pro-cyclical over the business cycle. In this paper we do something else: using data on more than 100 million births and focusing on within-year changes in...
View ArticleIndustry Input in Policymaking: Evidence from Medicare -- by David C. Chan,...
In setting prices for physician services, Medicare solicits input from a committee that evaluates proposals from industry. We investigate whether this arrangement leads to prices biased toward the...
View ArticleProtectionism and the Business Cycle -- by Alessandro Barattieri, Matteo...
We study the consequences of protectionism for macroeconomic fluctuations. First, using high-frequency trade policy data, we present fresh evidence on the dynamic effects of temporary trade barriers....
View ArticleSelf-Regulating Artificial General Intelligence -- by Joshua S. Gans
This paper examines the paperclip apocalypse concern for artificial general intelligence. This arises when a superintelligent AI with a simple goal (ie., producing paperclips) accumulates power so that...
View ArticleDoes Integration Change Gender Attitudes? The Effect of Randomly Assigning...
We use data from multiple national surveys to describe trends in private elementary school enrollment by family income from 1968-2013. We find several important trends. First, the private school...
View ArticleWaiting for the Payday? The Market for Startups and the Timing of...
Most technology startups are set up for exit through acquisition by large corporations. In choosing when to sell, startups face a tradeoff. Early acquisition reduces execution errors but later...
View ArticleCarpooling and the Economics of Self-Driving Cars -- by Michael Ostrovsky,...
We study the interplay between autonomous transportation, carpooling, and road pricing. We discuss how improvements in these technologies, and interactions among them, will affect transportation...
View ArticleIntellectual Property Use in Middle Income Countries: The Case of Chile -- by...
We analyze the use of intellectual property (IP) by firms in Chile over the decade 1995-2005 as the then middle-income country experienced rapid economic growth of 4.7 percent per year. We use a novel...
View ArticleEffects of Expanding Health Screening on Treatment - What Should We Expect?...
Screening interventions can produce very different treatment and health outcomes, depending on the reasons why patients went unscreened in the first place. Economists have paid scant attention to these...
View ArticleChinese Capital Market: An Empirical Overview -- by Grace Xing Hu, Jun Pan,...
The Chinese capital market, despite its relative short history in its modern form, has experienced a tremendous growth and is now the second largest in the world. Due to China's tight capital controls,...
View ArticleThe Industrialization of South America Revisited: Evidence from Argentina,...
We use new manufacturing GDP time series to examine the industrialization in Argentina, Brazil, Chile, and Colombia since the early twentieth century. We uncover variation across countries and over...
View ArticleBnkToTheFuture Completes $33 Million ICO
Investing platform BnkToTheFuture has raised $33 million in an ICO â money it will use to launch a token market and crowd-sourced research platform.
View ArticleBitcoin Eyes $10K, But Longer Outlook Favors Bears
Bitcoin's recent drop below $10,000 has strengthened the bearish indicators on the weekly chart, though a limited corrective rally may lie ahead.
View Article3 Class Actions Take Aim at Riot Blockchain's Bitcoin Pivot
After its blockchain and bitcoin mining pivot, Riot Blockchain has been hit by three class action lawsuits in the U.S.
View ArticleGlobal AML Watchdog to Step Up Crypto Money Laundering Scrutiny
The international Financial Action Task Force has said it will step up its efforts in monitoring the use of cryptocurrencies in money laundering.
View ArticleJapan's Financial Services Agency: The Fifth Meeting Of The "Study Group...
The "Study Group on the Financial System" under the Financial System Council will hold its fifth meeting on March 2nd , 2018 as follows.read more...
View ArticleEquilibrium in thin security markets under restricted participation....
We consider a market of financial securities with restricted participation, in which traders may not have access to the trade of all securities. The market is assumed thin: traders may influence the...
View ArticleDiscovering Bayesian Market Views for Intelligent Asset Allocation....
Along with the advance of opinion mining techniques, public mood has been found to be a key element for stock market prediction. However, in what manner the market participants are affected by public...
View ArticleOption Pricing Models Driven by the Space-Time Fractional Diffusion: Series...
In this paper, we focus on option pricing models based on space-time fractional diffusion. We briefly revise recent results which show that the option price can be represented in the terms of rapidly...
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