Narrow search
Showing 1 - 10 of 320
Cover Image
Seeing and Hearing : The Impacts of New York City’s Universal Pre-Kindergarten Program on the Health of Low-Income Children
Hong, Kai - 2019
We examine the effect of New York City's universal pre-kindergarten program (UPK) on the health and utilization of children enrolled in Medicaid using a difference-in-regression- discontinuities design. We find that UPK increases the probability that a child is diagnosed with asthma or with...
Persistent link: https://www.econbiz.de/10012902107
Cover Image
Bubbly Liquidity
Farhi, Emmanuel - 2011
This paper analyzes the possibility and the consequences of rational bubbles in a dy- namic economy where financially constrained firms demand and supply liquidity. Bub- bles are more likely to emerge, the scarcer the supply of outside liquidity and the more limited the pledgeability of...
Persistent link: https://www.econbiz.de/10013130781
Cover Image
Retail Trade by Federal Reserve District, 1919 to 1939 : A Statistical History
Anderson, Haelim - 2010
Soon after beginning operations, the Federal Reserve established a nationwide network for collecting information about the economy. In 1919, the Fed began tabulating data by about retail sales, which it viewed as a fundamental measure of consumption. From 1920 until 1929, the Federal Reserve...
Persistent link: https://www.econbiz.de/10013135054
Cover Image
The Predictive Power of the Yield Curve Across Countries and Time
Chinn, Menzie David - 2010
In recent years, there has been renewed interest in the yield curve (or alternatively, the term premium) as a predictor of future economic activity. In this paper, we re-examine the evidence for this predictor, both for the United States, as well as European countries. We examine the sensitivity...
Persistent link: https://www.econbiz.de/10013137763
Cover Image
Dividends and Profits : Some Unsubtle Foreign Influences
Hines Jr., James R. - 2010
evaluates the effect of foreign earnings on dividend payments by American corporations. The results suggest that the effect may … be rather dramatic: that, all other things equal, U.S. corporations pay dividends out of foreign earnings at rates that … are three times higher than their payout rates from domestic earnings. Why firms do so is unclear, though this behavior …
Persistent link: https://www.econbiz.de/10013138251
Cover Image
Hard Times
Campbell, John Y. - 2010
This paper shows that the stock market downturns of 2000-2002 and 2007-09 have very different proximate causes. The early 2000's saw a large increase in the discount rates applied to corporate profits by rational investors, while the late 2000's saw a decrease in rational expectations of future...
Persistent link: https://www.econbiz.de/10013139890
Cover Image
A Theory of Income Smoothing When Insiders Know More than Outsiders
Acharya, Viral V. - 2011
We consider a setting in which insiders have information about income that outside shareholders do not, but property rights ensure that outside shareholders can enforce a fair payout. To avoid intervention, insiders report income consistent with outsiders' expectations based on publicly...
Persistent link: https://www.econbiz.de/10013117203
Cover Image
The Cyclical Response of Advertising Refutes Counter-Cyclical Profit Margins in Favor of Product-Market Frictions
Hall, Robert E. - 2012
According to the standard model, advertising is remarkably sensitive to profit margins. Firms advertise to stimulate demand for their products. They advertise high-margin products aggressively and low-margin ones hardly at all. In macroeconomics, variations in profit margins over the business...
Persistent link: https://www.econbiz.de/10013100979
Cover Image
The Labor Market Returns to a For-Profit College Education
Cellini, Stephanie Riegg - 2012
experience earnings gains of about 10 percent relative to high school graduates with no college degree, conditional on employment … estimate the earnings gains to for-profit college attendance using restricted-access data from the 1997 National Longitudinal …
Persistent link: https://www.econbiz.de/10013101505
Cover Image
Does it Matter If Your Health Insurer is For-Profit? Effects of Ownership on Premiums, Insurance Coverage, and Medical Spending
Dafny, Leemore S. - 2012
The majority of private health insurance in the U.S. is administered or issued by for-profit insurers, but little is known about how for-profit status affects outcomes. We find that plausibly exogenous increases in local for-profit market share induced by conversions of Blue Cross and Blue...
Persistent link: https://www.econbiz.de/10013102795