Choosing Between an Estate Tax and a Basis Carryover Regime: Evidence from...
Executors of estates for decedents in 2010 could choose between an estate tax regime and a basis carry-over regime. For most executors, this created a tradeoff between a current estate tax payment and...
View ArticleChildhood Housing and Adult Earnings: A Between-Siblings Analysis of Housing...
To date, research on the long-term effects of childhood participation in voucher-assisted and public housing has been limited by the lack of data and suitable identification strategies. We create a...
View ArticleA Ricardian-Demand Explanation for Changing Pharmaceutical R&D...
This paper examines trends in the aggregate productivity of the pharmaceutical sector over the past three decades. We incorporate Ricardo's insight about demand-driven productivity in settings of...
View ArticleEducation Quality and Teaching Practices -- by Marina Bassi, Costas Meghir,...
This paper uses a RCT to estimate the effectiveness of guided instruction methods as implemented in under-performing schools in Chile. The intervention improved performance substantially for the first...
View ArticleBehavioral Welfare Economics and FDA Tobacco Regulations -- by Philip...
The U.S. 2009 Tobacco Control Act opened the door for new anti-smoking policies by giving the Food and Drug Administration broad regulatory authority over the tobacco industry. We develop a behavioral...
View ArticlePutting the Pension Back in 401(k) Plans: Optimal versus Default Longevity...
Most defined contribution pension plans pay benefits as lump sums, yet the US Treasury has recently encouraged firms to protect retirees from outliving their assets by converting a portion of their...
View ArticleBidding Dynamics in Auctions -- by Hugo Hopenhayn, Maryam Saeedi
This paper studies bidding dynamics where values and bidding opportunities follow an unrestricted joint Markov process, independent across agents. Bids cannot be retracted, as is frequently the case in...
View ArticlePoverty Traps and the Social Protection Paradox -- by Munenobu Ikegami,...
Progressively targeted cash transfers remain the dominant policy response to chronic poverty in developing countries. But are there alternative social protection policies that might have larger poverty...
View ArticlePerformance Standards in Need-Based Student Aid -- by Judith Scott-Clayton,...
College attendance is a risky investment. But students may not recognize when they are at risk for failure, and financial aid introduces the possibility for moral hazard. Academic performance standards...
View ArticleTort Reform and Innovation -- by Alberto Galasso, Hong Luo
Current academic and policy debates focus on the impact of tort reforms on physicians' behavior and medical costs. This paper examines whether these reforms also affect incentives to develop new...
View ArticleBad Credit, No Problem? Credit and Labor Market Consequences of Bad Credit...
Credit reports are used in nearly all consumer lending decisions and, increasingly, in hiring decisions in the labor market, but the impact of a bad credit report is largely unknown. We study the...
View ArticleConcurring Statement of Commissioner Sharon Y. Bowen Regarding Cross-Border...
Concurring Statement of Commissioner Sharon Y. Bowen Regarding Cross-Border Application of the Registration Thresholds and External Business Conduct Standards Applicable to Swap Dealers and Major Swap...
View ArticleStatement of Chairman Timothy Massad on Proposed Rule Regarding the...
Statement of Chairman Timothy Massad on Proposed Rule Regarding the Application of Certain Swap Provisions in Cross-Border Transactions
View ArticleFinancial Statements Of The Third Quarter 2016 For Companies Listed At The...
The Chief Executive Officer (CEO) of the Amman Stock Exchange (ASE) Mr. Nader Azar, said that the ASE is still receiving the quarterly reports of the period ended in September 30, 2016, from all...
View ArticleCFTC Approves Proposed Rule on the Application of Certain Swap Provisions of...
Washington, DC â The U.S. Commodity Futures Trading Commission (Commission) today voted unanimously to propose rules and interpretations addressing the application of certain swap provisions of the...
View ArticleCFTC Approves Proposed Rule On The Application Of Certain Swap Provisions Of...
The U.S. Commodity Futures Trading Commission (Commission) today voted unanimously to propose rules and interpretations addressing the application of certain swap provisions of the Commodity Exchange...
View ArticleFinansinspektionen Aims For Unchanged Countercyclical Buffer Rate In December
The next occasion on which Finansinspektionen (FI) will decide on the countercyclical buffer rate is in December. FI’s Board of Directors has decided that the preparatory work ahead of the next...
View ArticleStatement Of CFTC Commissioner J. Christopher Giancarlo On The Proposed Rule...
I support issuing today’s proposed rule in order to hear commenters’ considered views, especially with respect to the Commission’s approach on the issue of U.S. personnel arranging, negotiating or...
View ArticleESM Raises €4 Billion In Two Bond Issues
The European Stability Mechanism (ESM) today raised €4 billion in a dual-tranche transaction, through the issue of a new 6-year benchmark bond and a tap of an existing 16-year bond.read more...
View ArticleStatement Of Chairman Timothy Massad On Proposed Rule Regarding The...
I am pleased to support this proposal, which addresses several important aspects of the cross-border application of our swaps rules.read more...
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