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Immigrant Entrepreneurship : New Estimates and a Research Agenda
Chodavadia, Saheel; Pekkala Kerr, Sari; Kerr, William R.; … - National Bureau of Economic Research - 2024
Immigrants contribute disproportionately to entrepreneurship in many countries, accounting for a quarter of new … employer businesses in the US. We review recent research on the measurement of immigrant entrepreneurship, the traits of …
Persistent link: https://www.econbiz.de/10014544679
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Partisan Entrepreneurship
Engelberg, Joseph; Guzman, Jorge; Lu, Runjing; Mullins, … - National Bureau of Economic Research - 2022
, we find that 6% of Republicans and 4% of Democrats become entrepreneurs. This partisan entrepreneurship gap is time …-varying: Republicans increase their relative entrepreneurship during Republican administrations and decrease it during Democratic … entrepreneurship around the elections of President Obama and President Trump, and the strongest effects among the most politically …
Persistent link: https://www.econbiz.de/10013334466
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House Prices and Rents in the 21st Century
Loewenstein, Lara; Willen, Paul - National Bureau of Economic Research - 2023
We study the joint evolution of prices and rents of residential property. After constructing rent and price indices for renter- and owner-occupied properties, we decompose the change in the price of occupant-owned property into (1) changes in rent, (2) changes in the relative prices of investor-...
Persistent link: https://www.econbiz.de/10014247934
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What Works and For Whom? Effectiveness and Efficiency of School Capital Investments Across The U.S
Biasi, Barbara; Lafortune, Julien M.; Schönholzer, David - National Bureau of Economic Research - 2024
This paper identifies which investments in school facilities help students and are valued by homeowners. Using novel data on school district bonds, test scores, and house prices for 29 U.S. states and a research design that exploits close elections with staggered timing, we show that increased...
Persistent link: https://www.econbiz.de/10014468240
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Are Swedish House Prices Too High? Why the Price-to-Income Ratio Is a Misleading Indicator
Svensson, Lars E. O. - National Bureau of Economic Research - 2023
According to ECB (2023) and European Systemic Risk Board (2022), Swedish owner-occupied housing (OOH) was overvalued by about 55% in 2021q2, the largest overvaluation in the EU and EEA; according to European Commission (2023c), by about 30% in 2022. These assessments affect warnings and...
Persistent link: https://www.econbiz.de/10014436993
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Who Benefits from State Corporate Tax Cuts? A Local Labor Market Approach with Heterogeneous Firms : Further Results
Suárez Serrato, Juan Carlos; Zidar, Owen M. - National Bureau of Economic Research - 2023
This paper estimates the incidence of state corporate taxes using new data and methods for estimating the effects on profits. We extend Suarez Serrato and Zidar (2016) by developing two new identification approaches that use the effects of business taxes on the labor demand of incumbent firms...
Persistent link: https://www.econbiz.de/10014287307
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Innovation Spillovers across U.S. Tech Clusters
Giroud, Xavier; Liu, Ernest; Müller, Holger M. - National Bureau of Economic Research - 2024
The vast majority of U.S. inventors work for firms that also have inventors and plants in other tech clusters. Using merged USPTO-U.S. Census Bureau plant-level data, we show that larger tech clusters not only make local inventors more productive but also raise the productivity of inventors and...
Persistent link: https://www.econbiz.de/10014635640
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Racial Differences in the Total Rate of Return on Owner-Occupied Housing
Diamond, Rebecca - 2024
We quantify racial differences in the total rate of return on housing in a nationally representative sample of homeowners from 1974-2021. We develop a new method to estimate the rental value of each owner-occupied house, using a house's resale value to proxy for unobservable quality. Black and...
Persistent link: https://www.econbiz.de/10015072858
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Innovation : The Bright Side of Common Ownership?
Antón, Miguel; Ederer, Florian; Giné, Mireia; … - National Bureau of Economic Research - 2024
Firms have inefficiently low incentives to innovate when other firms benefit from their inventions and the innovating firm therefore does not capture the full surplus of its innovations. We show that common ownership of firms mitigates this impediment to corporate innovation. By contrast,...
Persistent link: https://www.econbiz.de/10014512046
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Evaluating Pharmaceutical Policy Options
Ho, Katherine; Pakes, Ariel - National Bureau of Economic Research - 2024
Our calculations indicate that currently proposed U.S. policies to reduce pharmaceutical prices, though particularly beneficial for low-income and elderly populations, could dramatically reduce firms' investment in highly welfare-improving R&D. The U.S. subsidizes the worldwide pharmaceutical...
Persistent link: https://www.econbiz.de/10014576635