Showing 1 - 10 of 94
paper, we build on Hsieh et al. (2019) to provide a methodology to quantify these productivity consequences. The index we … propose, the "Global Gender Distortions Index (GGDI)", measures the losses in aggregate productivity that gender …-based misallocation imposes. Our index allows us to separately identify labor demand distortions (e.g., discrimination in hiring for …
Persistent link: https://www.econbiz.de/10015450897
Recent scandals over the manipulation of LIBOR, foreign exchange benchmarks, and other financial benchmarks have spurred policy discussions over their appropriate design. We characterize the optimal fixing of a benchmark as an estimator of a market value or reference rate. The fixing data are...
Persistent link: https://www.econbiz.de/10012458125
There is a debate about whether advisory non-binding sentencing guidelines affect the sentences outcomes of individuals convicted in jurisdictions with this sentencing framework. Identifying the impact of sentencing guidelines is a difficult empirical problem because court actors may have...
Persistent link: https://www.econbiz.de/10012461696
This paper finds that, concurrent with the rapid growing index investment in commodities markets since early 2000s …
Persistent link: https://www.econbiz.de/10012462271
In our opinion, the trend in the BMI values of US children has not been estimated accurately. We use five models to estimate the BMI trends of non-Hispanic US-born black and white children and adolescents ages 2-19 born 1941-2006 on the basis of all NHES and NHANES data sets. We also use some...
Persistent link: https://www.econbiz.de/10012464749
relevant relative prices for a consumer who lives for many periods. The paper proposes a dynamic price index (DPI) that solves …
Persistent link: https://www.econbiz.de/10012466926
The standard source for pre-WWII global freight rate trends is the Isserlis British tramp shipping index. We think it … transported. Previous scholars have deflated their nominal freight rate indices by a price index that includes tradables not …
Persistent link: https://www.econbiz.de/10012469171
In this paper, we investigate several key problems in Japanese economic statistics. We use CPI mismeasurements and biases as an example to explore the roots of the problems and also to offer guidelines for improvements. We emphasize 3 major shortcomings shared by many official statistics in...
Persistent link: https://www.econbiz.de/10012469267
A major shortcoming of the U.S. leading index is that it does not use the most recent information for stock prices and … yield spreads. The index methodology ignores these data in favor of a time-consistent set of components (i.e., all of the … forecasts and create an index with a complete set of most recent components. This study uses tests of ex-ante predictive ability …
Persistent link: https://www.econbiz.de/10012470289
This paper describes a new, industry-adjusted index of state environmental compliance costs from 1977 to 1994. The … index has two principal advantages: it controls for states' industrial compositions, and it can be calculated for 17 years … and 1994. Third, this cost index is negatively correlated with subjective indices of state environmental efforts compiled …
Persistent link: https://www.econbiz.de/10012471487