This paper studies the effects of oil rent on development using a unique panel dataset describing worldwide oil discoveries and extractions. First, we revisit the so-called curse of oil, which contends that oil rent hinders economic development. Exploiting cross-country variations in the timing...

Previous literature indicates that non-economic damages caps increase the number of physicians but finds no significant effect on health. A potential explanation is that, by reducing the cost of malpractice, caps affect physicians’ incentives to provide high quality care, an important...

This paper investigates the impact of the regulation prohibiting physicians from prescribing drugs without a prior physical examination on health outcomes. This requirement should improve health by reducing illegal access to prescription drugs. On the other hand, it hampers the practice of...

More progressive taxes, holding tax liability constant, generate disincentives for health investment by decreasing benefits for additional working time and, thus, decreasing returns to health. On the other hand, progressive taxation may induce individuals to invest more in health for the purpose...

This paper empirically examines how political bias affects content in large daily newspapers and the source of the demand for that bias. Consistent with prior research, this paper finds media bias. The media examined are three to six times more likely to associate ideological labels with...

This paper adds to the literature on the credibility of academic research by examining the hypothesis that the selection procedures of academic journals in economics favor submissions that frequently cite editorial insiders. We use procedures, a sample size, and methods that offset some of the...

We use a binary probit model to assess the impact of several changes in math prerequisites on student performance in an undergraduate business statistics course. While the initial prerequisites did not necessarily provide students with the necessary math skills, our study, the first to examine...

This paper examines the e®ects of bank mergers on loan pricing. Using a sample of U.S. commercial and industrial loans, I ¯nd that banks reduce loan interest rates after they acquire target banks with small market shares, suggesting that the e±ciency gains e®ect dominates the market power...