Every day, people make numerous decisions and judgments. Although these decisions differ in many dimensions – including the degree of deliberation, the number of people involved, and the stakes or consequences – many are sequential in nature. Research in a wide range of contexts has documented potential biases that can arise with such sequential decision-making, […]
Over the past 40 years or so, both Europe and the United States have experienced a dramatic rise in immigration (Frey, 2014; Hanson and McIntosh, 2016). These trends have renewed interest in the effects of diversity on both economic growth and social cohesion. Despite the potential benefits from diversity typically predicted by economic analysis (Alesina […]
There is a growing consensus among economists that management practices are an important explanation for the large observed variation in productivity among firms. Different firms often adopt different practices, even in a narrowly defined industry. In turn, some researchers have speculated that this variety is related to differences in the less tangible attributes of firms. […]
Our study explores the importance of these two factors – technological innovation and regulatory arbitrage – in the New York City taxi market. Our study is part of an emerging body of research in economics that explores the implications of technological change in the transport sector. Another notable study that complements ours is by Nick […]
In 2019, Oregon and California became the first states to pass statewide rent control. Lawmakers in other states, including Colorado and Illinois, are considering repealing laws that limit cities’ abilities to pass or expand rent control. Rent control is already extremely popular around the San Francisco Bay Area: nine cities already impose rent control regulations, […]
So-called ‘vertical’ mergers between producers of TV channels and distributors of those channels are regular – and sometimes highly contested – events, both in the United States and elsewhere in the world. The attention that such mergers have attracted is partly due to the industry’s overwhelming reach and size: over 80% of the approximately 120 […]
The desirability and effectiveness of health network regulation depends on the reasons insurers might engage in exclusion in the first place, and whether the gains they realize are shared with consumers. In our research, we identify three main reasons why an insurer might wish to exclude a medical provider from its network, and we highlight […]
Do jobseekers benefit from tailored advice about suitable occupations provided by employment agencies? This column reports the results of a randomized field experiment in which a group of unemployed people received suggestions for alternative occupations based on labor market statistics. The researchers find that the information stimulates the recipients to broaden their search to a more diverse set of occupations. What’s more, they receive a significantly larger number of invitations to job interviews, which is concentrated among those with longer unemployment. These findings suggest that jobseekers find it difficult to access relevant labor market information themselves, and that they can be offered valuable tailored advice in a low-cost, automated way.
How much are low-income people willing to pay for health insurance – and what are the implications for our understanding of health insurance markets and the role of subsidies? This research investigates these questions drawing on subsidy variation in Massachusetts’ health insurance exchange for low-income individuals.
The global microloan portfolio is now worth over 102 billion dollars and is growing yearly. This research estimates the impact of the policy and the extent to which this impact is different across different contexts. It finds that overall, the best existing evidence suggests that the average impact of these loans is small and that in the future, it may be beneficial to seek alternative approaches to improve the lives of poor households in the developing world.