Search Results - Business Economics

The Contribution of College Majors to Gender and Racial Earnings Differences

Imberman, Scott A.; Lovenheim, Michael F.; Massey, Patrick - 2026

Asians to major in high earning fields like business, economics, engineering, and computer science, however we also show that …

Persistent link: https://econbiz.de/10015593801

The Future of Monetarism after Milton Friedman

Bordo, Michael D. - 2026

On the fiftieth anniversary of Milton Friedman receiving the Nobel Prize in economics, I reflect on the legacy of …

Persistent link: https://econbiz.de/10015593839

Which U.S. States Suffered a Greater Great Depression and Why?

Cheng, Dong; Crucini, Mario J.; Kim, Hanjo Terry - 2026

Aggregate real U.S. GDP fell by roughly 26 percent between 1929 and 1932, yet the severity of the Great Depression varied dramatically across states: CPI-deflated income per capita declined by 15 percent in Maryland but by 48 percent in South Dakota. To analyze this heterogeneity, we digitize...

Persistent link: https://econbiz.de/10015639350

Off the Labor Supply Curve : The Zero Employer Size Wage Effect Within Large Firms

Diegmann, André; Müller, Steffen; Schoefer, Benjamin - 2026

We revisit the employer size wage effect (ESWE)--arguably the most basic and influential departure from the law of one price for labor. Our main result is that this canonical fact disappears completely across establishments within the same firm, even though they operate in different local labor...

Persistent link: https://econbiz.de/10015654029

Insurer Risk and Public Risk-Sharing : Quantifying the Value of Reinsurance

Kim, Paul H.S-; Li, Anran - 2026

We study the role of public risk-sharing in markets where firms face substantial cost uncertainty, focusing on public reinsurance in health insurance. We develop a model where insurers internalize cost uncertainty through risk charges that raise effective marginal costs, and create a role for...

Persistent link: https://econbiz.de/10015654046

Algorithmic Credentialism

Blair, Peter Q.; Guo, Rui - 2026

, producing what this paper terms algorithmic credentialism. Drawing on labor economics research on workers Skilled Through … producing disparate impact triggers a legal obligation to validate the screen as job-related and consistent with business …

Persistent link: https://econbiz.de/10015653956

Measuring Organizational Capital

Cai, Wei; Prat, Andrea; Yu, Jiehang - 2026

capital by Dessein and Prat (2022). We further showcase applications of our measure in accounting, economics, finance, and …

Persistent link: https://econbiz.de/10015639361

Beyond Demo Day : Sorting and Value Added in Startup Accelerators

Baek, Youn; Hegde, Deepak - 2026

-added framework from education economics to estimate accelerator value added (AVA) while accounting for sorting. Selection is …

Persistent link: https://econbiz.de/10015639384

Deep Research on a Loop : Using AI Agents to Construct Economic Datasets

Afonso, Santiago; Galiani, Sebastián; Gálvez, Ramiro H.; … - 2026

Constructing datasets from primary sources is one of the costliest tasks in empirical economics. We propose Deep … dataset construction can shift the production function of empirical economics …

Persistent link: https://econbiz.de/10015653952

How Small is Small? Non-linearities in Heterogeneous Agent Models

Bianchi, Javier; Kaplan, Greg - 2026

In plausibly calibrated heterogeneous-agent models, marginal propensities to consume (MPCs) are highly non-linear in wealth, falling sharply away from borrowing constraints. As a result, the aggregate consumption response to a fiscal transfer is strongly concave in its size: larger transfers...

Persistent link: https://econbiz.de/10015671151