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How do communication costs affect the production of new ideas and inventions? To answer this question, we study the introduction of the Uniform Penny Post in Great Britain in 1840. This reform replaced the previous system of expensive distance-based postage fees with a uniform low rate of one...
Persistent link: https://www.econbiz.de/10013210104
Persistent link: https://www.econbiz.de/10000326015
This paper assesses the long-run effects of the 1988 Canada-U.S. Free Trade Agreement (CUSFTA) on the Canadian labor …
Persistent link: https://www.econbiz.de/10012938762
received their K-12 education domestically). We obtain similar results for immigrant sorting in Canada, which supports our …
Persistent link: https://www.econbiz.de/10012660096
We use a detailed micro dataset on product availability to construct a direct high-frequency measure of consumer product shortages during the 2020-2021 pandemic. We document a widespread multi-fold rise in shortages in nearly all sectors early in the pandemic. Over time, the composition of...
Persistent link: https://www.econbiz.de/10012629429
Early research on the returns to higher education treated the postsecondary system as a monolith. In reality, postsecondary education in the United States and around the world is highly differentiated, with a variety of options that differ by credential (associates degree, bachelor's degree,...
Persistent link: https://www.econbiz.de/10013191028
Price surges often generate social disapproval and requests for regulation and price controls, but these interventions may cause inefficiencies and shortages. To study how individuals perceive and reason about sudden price increases for different products under different policy regimes, we...
Persistent link: https://www.econbiz.de/10013191058
We study the productivity-pay relationship in the United States and Canada along two dimensions. The first is … positive increase in the rate of pay growth, holding all else equal. This linkage appears stronger in the US than in Canada … productivity growth, particularly in large relatively closed economies like the USA, will tend to raise middle class incomes. At …
Persistent link: https://www.econbiz.de/10012794576
In this paper we analyse the Canada-U.S. Auto Pact, a selective …sides of the Canada-U.S. border before 1965, and no significant new entry …
Persistent link: https://www.econbiz.de/10012477119
gap has widened. We also find that unemployment in Canada was 2 to 3 percentage points higher in 1983 and 1984 than … predicted by Canadian output. We have investigated a variety of hypotheses to explain the slow growth of employment in Canada … unemployment in Canada is due to differences in the regulation of the labor market in the two countries. Minimum wage laws and …
Persistent link: https://www.econbiz.de/10012477236