"I love Microeconomic Insights | Distilling research for public debate"

2022-05-18 20:25:11

Toggle navigation About MIDevelopmentEnvironmentHealthInternational TradeLabour MarketsOrganisation of MarketsPublic Finance AboutEditorsSponsorsContact © 2022 Creative CommonsCorrectionsColophonCookies Sign up to our newsletter Follow us Microeconomic Insights: distilling research for public debate About MIDevelopmentEnvironmentHealthInternational TradeLabour MarketsOrganisation of MarketsPublic Finance Photo by Adobe Stock. Desaturated from original with colour filter. 27 April 2022 Organisation of Markets Authors: Colleen Cunningham (London Business School), Florian Ederer (Yale School of Management), Song Ma (Yale School of Management) Killer acquisitions Innovation matters because it drives economic growth, increases profits, and can often make consumers better off. Innovating firms are sometimes taken over by incumbents, typically while the innovating firm remains in the early stages of product development. Economists have traditionally viewed these deals quite positively as a routine part of overall growth. Established firms which […] Read More Photo by Adobe Stock. Desaturated from original with colour filter 5 April 2022 Organisation of Markets Authors: Ufuk Akcigit (University of Chicago), John Grigsby (Northwestern University), Tom Nicholas (Harvard Business School), Stefanie Stantcheva (Harvard University) Taxation and Innovation in the Twentieth Century How sensitive are inventors to changes in tax rates? This is a critical and controversial question in public policy given the centrality of the tax system to the structure of incentives in the real economy. While targeted tax policies, such as R&D tax credits, can spur innovation, our work focuses on whether general personal and […] Read More Photo by Adobe Stock. Desaturated from original with colour filter. 24 February 2022 Development, Labour Markets Authors: Livia Alfonsi (University of California, Berkeley), Oriana Bandiera (London School of Economics), Vittorio Bassi (University of Southern California), Robin Burgess (London School of Economics), Imran Rasul (University College London), Munshi Sulaiman (BRAC), Anna Vitali (University College London) Tackling Youth Unemployment: Evidence from a Labor Market Experiment in Uganda Motivation: youth unemployment as a global challenge Young people face a higher risk of unemployment than adults in all countries of the world (ILO 2020). Understanding which active labor market policies are effective at facilitating the transition of youth into remunerative employment is thus critical to ensure global economic and social stability. Nowhere is the […] Read More Photo by Adobe Stock. Desaturated from original with colour filter. 28 January 2022 Organisation of Markets Authors: Vivek Bhattacharya (Northwestern University) How Should R&D Procurement Be Structured? Many buyers, such as firms and government agencies, acquire products that are not commercially available — from customized parts for automobiles or airplanes to major weapons systems with novel capabilities. Suppliers who want to compete for these procurement contracts must engage in costly R&D to design and develop the relevant products. Accordingly, the potential suppliers […] Read More Photo by Adobe Stock. Desaturated from original with colour filter. 26 November 2021 Organisation of Markets Authors: Fernando Luco (Texas A&M University), Guillermo Marshall (University of British Columbia) Effects of vertical mergers on competition: evidence from the carbonated drinks industry The competitive impacts of vertical mergers are a long-standing question in antitrust economics. A recent wave of vertical mergers has reinvigorated the academic and policy debate on enforcement, and the discussion is far from settled. An example of this is that US antitrust authorities presented new vertical merger guidelines in 2020, but the Federal Trade […] Read More Photo by Adobe Stock. Desaturated from original with colour filter. 12 November 2021 Labour Markets Authors: Ellora Derenoncourt (Princeton University), Claire Montialoux (University of California, Berkeley) Minimum Wages and Racial Inequality Last summer’s mass mobilization for racial justice sparked debates around how to combat entrenched racial inequality in the United States. Recent corporate diversity initiatives, while a step in the right direction, are not sufficient to topple structural racism in the economy. One of the most striking dimensions of inequality in the United States is the […] Read More Photo by Adobe Stock. Desaturated from original with colour filter. 27 September 2021 Labour Markets Authors: Suphanit Piyapromdee (University College London) US immigration: effects on wages, internal migration, and welfare Immigration has been a central political debate in the United States for decades, in part because of public concerns about its magnitude and its composition. For example, in the early 2000s, around 1.25 million immigrants arrived each year (Card, 2009). The share of immigrants in the US working-age population increased from 10% in 1990 to […] Read More Photo by Adobe Stock. Desaturated from original with colour filter. 8 September 2021 Health, Organisation of Markets Authors: Itai Ashlagi (Stanford University), Alvin E. Roth (Stanford University) Kidney Exchange: An Operations Perspective Kidney failure is a leading cause of death around the world. The best treatment is transplantation, but no country is presently able to supply all the transplants required by its patient population. In the U.S. and many other countries, most transplants today come from deceased donors. Another source of kidneys for transplantation is from healthy […] Read More Photo by Adobe Stock. Desaturated from original with colour filter. 10 August 2021 Labour Markets Authors: Elena Prager (Northwestern University), Matt Schmitt (Compass Lexecon) Competitive labor markets boost wage growth A combination of empirical facts and economic theory suggest rising employer concentration contributed to wage stagnation in industrialized economies. Economic theory shows how labor market concentration can suppress wages by reducing workers’ bargaining leverage vis-à-vis powerful employers. Empirical evidence suggests that labor markets have become more concentrated since the late 20th century, shifting from a […] Read More Photo by Adobe Stock. Desaturated from original with colour filter. 5 July 2021 Labour Markets Authors: David J. Deming (Harvard University), Kadeem Noray (Harvard University) Earnings Dynamics, Changing Job Skills, and STEM careers The US labor market is particularly dynamic for Science, Technology, Engineering, and Math (STEM) jobs, with new technologies proliferating throughout workplaces every year. This technological change is the engine of long-run productivity growth and rising living standards. In the shorter run, however, workers in technology-intensive occupations must constantly learn on the job, or risk becoming […] Read More Posts navigation Older postsPast Highlight Consumer spending during unemployment: evidence from US bank account data 9 March 2020 Labour Markets Authors: Peter Ganong (University of Chicago), Pascal Noel (University of Chicago) Nearly all of us experience unemployment at some point in our careers. For example, the Bureau of Labor Statistics finds that 90% of baby boomers have been out of work at least once in their lives. Unemployment is stressful in part because many people do not have enough savings to maintain their standard of living […] Read More AboutEditorsSponsorsContact© 2022Creative CommonsCorrectionsColophonCookiesHosted by IFSSupported by This website uses cookies to improve your experience. Accept Read MoreCookies Policy Close Privacy OverviewThis website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. 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