AbstractOver the past fifteen years, eleven states have restricted employers’ access to the credit reports of job applicants. We estimate that county-level job vacancies have fallen by 5.5% in occupations affected by these laws relative to exempt occup…
AbstractWe use a survey experiment to generate direct evidence on how people acquire and process information. Participants can buy different information signals that could help them forecast future national home prices. We elicit their valuations and e…
AbstractMany studies have shown that consumption responds to the arrival of predictable income (excess sensitivity). This paper uses a buffer stock model of consumption to understand what causes excess sensitivity and to test which parameterization is …
AbstractThis paper estimates the pass-through of minimum wage increases into the prices of U.S. grocery and drug stores. We use high-frequency scanner data and leverage a large number of state-level increases in minimum wages between 2001 and 2012. We …
AbstractWe use a survey experiment to generate direct evidence on how people acquire and process information. Participants can buy different information signals that could help them forecast future national home prices. We elicit their valuations and e…
AbstractUsing the Social Connectedness Index (Bailey, Cao, Kuchler, Stroebel et al., 2018) to capture county-to-county Facebook linkages, I explore how county-level earned income tax credit (EITC) claiming behavior changes when the county’s out-of-stat…
AbstractBefore the racial integration of schools in the southern United States, predominantly African American schools were staffed almost exclusively by African American teachers as well, and teaching constituted an extraordinarily large share of prof…
AbstractWe develop a Bayesian latent factor model of the joint long-run evolution of GDP per capita for 113 countries over the 118 years from 1900 to 2017. We find considerable heterogeneity in rates of convergence, including rates for some countries t…
AbstractUsing data on adults’ cognitive skills from nineteen countries, this paper shows that labor market conditions during the education-to-work transition affected workers’ long-term skill development. Workers who faced higher unemployment rates at …
AbstractWe examine gender differences in career progression and promotions using personnel data from the European Central Bank (ECB) during the period 2003–2017. A gender wage gap emerges within a few years of hiring, despite broadly similar entry cond…