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The Spatial Mismatch between Innovation and Joblessness

Glaeser, Edward L. - 2019

's most persistent pockets of joblessness. Could a more even spatial distribution of innovation reduce American joblessness …? Could Federal policies disperse innovation without significant costs? If research funding is already maximizing knowledge … production, then spatial reallocation of that funding will reduce America's overall innovation unless that reallocation comes …

Persistent link: https://www.econbiz.de/10012869066

Macroeconomic Adjustment and the History of Crises in Open Economies

Aizenman, Joshua - 2012

This paper investigates the impact of the history of crises on macroeconomic performance. We first study the impact of past banking crises on the probability of a future banking crisis. Applying data for 1980‐2010 for all countries for which the required information is available, controlling...

Persistent link: https://www.econbiz.de/10013098139

Saving and the Long Shadow of Macroeconomic Shocks

Aizenman, Joshua - 2013

The global crisis of 2008 raises many questions regarding the long‐term response to crises. We know that households that lost access to credit, for example, were forced to adjust and increase saving. But, will households keep on saving more than they would have done otherwise had the global...

Persistent link: https://www.econbiz.de/10013081508

Cyclical Job Ladders by Firm Size and Firm Wage

Haltiwanger, John - 2017

We study whether workers progress up firm wage and size job ladders, and the cyclicality of this movement. Search theory predicts that workers should flow towards larger, higher paying firms. However, we see little evidence of a firm size ladder, partly because small, young firms poach workers...

Persistent link: https://www.econbiz.de/10012954466

Measuring Gentrification : Using Yelp Data to Quantify Neighborhood Change

Glaeser, Edward L. - 2018

We demonstrate that data from digital platforms such as Yelp have the potential to improve our understanding of gentrification, both by providing data in close to real time (i.e. nowcasting and forecasting) and by providing additional context about how the local economy is changing. Combining...

Persistent link: https://www.econbiz.de/10012911707

Financial Spillovers and Macroprudential Policies

Aizenman, Joshua - 2017

We estimate the impact of the extensity of macroprudential policies on the correlation of the policy interest rates between the center economies (CEs, i.e., the U.S., Japan, and the Euro area), and the peripheral economies (PHs). We find a more extensive implementation of macroprudential...

Persistent link: https://www.econbiz.de/10012941469

The Us as the "Demander of Last Resort" and its Implications on China's Current Account

Aizenman, Joshua - 2010

This paper evaluates the degree to which current account patterns are explained by the variables suggested by the literature, and reflects on possible future patterns. We start with panel regressions explaining the current account of 69 countries during 1981-2006. We identify an asymmetric...

Persistent link: https://www.econbiz.de/10012758242

The Interest Rate Effect on Private Saving : Alternative Perspectives

Aizenman, Joshua - 2016

.e., positive) effect. With the baseline estimation, we find that the real interest rate has the substitution effect on private …

Persistent link: https://www.econbiz.de/10012978514

Job Displacement and the Duration of Joblessness : The Role of Spatial Mismatch

Andersson, Fredrik - 2014

This paper presents a new approach to the measurement of the effects of spatial mismatch that takes advantage of matched employer-employee administrative data integrated with a person-specific job accessibility measure, as well as demographic and neighborhood characteristics. The basic...

Persistent link: https://www.econbiz.de/10013054875

Corruption in America

Glaeser, Edward L.; Saks, Raven E. - 2021

We use a data set of federal corruption convictions in the U.S. to investigate the causes and consequences of corruption. More educated states, and to a less degree richer states, have less corruption. This relationship holds even when we use historical factors like education in 1928 or...

Persistent link: https://www.econbiz.de/10013218129