The Effect of Vietnam-Era Conscription and Genetic Potential for Educational...
This study examines whether draft-lottery estimates of the causal effect of Vietnam-era military service on schooling vary by genetic propensity toward educational attainment. To capture the complex...
View ArticleThe Gift of Moving: Intergenerational Consequences of a Mobility Shock -- by...
We exploit a volcanic "experiment" to study the costs and benefits of geographic mobility. We show that moving costs (broadly defined) are very large and labor therefore does not flow to locations...
View ArticleLiquidity Transformation in Asset Management: Evidence from the Cash Holdings...
We study liquidity transformation in mutual funds using a novel data set on their cash holdings. To provide investors with claims that are more liquid than the underlying assets, funds engage in...
View ArticleWhat Can We Learn from Charter School Lotteries? -- by Julia Chabrier, Sarah...
We take a closer look at what we can learn about charter schools by pooling data from lottery-based impact estimates of the effect of charter school attendance at 113 schools. On average, each year...
View ArticleDynamic Effects of Co-Ethnic Networks on Immigrants' Economic Success -- by...
This paper investigates how the size of co-ethnic networks at arrival affected the economic success of immigrants in Germany. Applying panel analysis with a large set of fixed effects and controls, we...
View ArticleCurrency Wars, Coordination, and Capital Controls -- by Olivier Blanchard
The strong monetary policy actions undertaken by advanced economies' central banks have led to complaints of "currency wars" by some emerging market economies, and to widespread demands for more...
View ArticleA Test of Adverse Selection in the Market for Experienced Workers -- by Kevin...
We show that in labor market models with adverse selection, otherwise observationally equivalent workers will experience less wage growth following a period in which they change jobs than following a...
View ArticleThe Causes of Peer Effects in Production: Evidence from a Series of Field...
Workers respond to the output choices of their peers. What explains this well documented phenomenon of peer effects? Do workers value equity, fear punishment from equity-minded peers, or does output...
View ArticleImmigrant Entrepreneurship -- by Sari Pekkala Kerr, William R. Kerr
We examine immigrant entrepreneurship and the survival and growth of immigrant-founded businesses over time relative to native-founded companies. Our work quantifies immigrant contributions to new firm...
View ArticleThe Common Origin of Uncertainty Shocks -- by Nicholas Kozeniauskas, Anna...
Various types of uncertainty shocks can explain many phenomena in macroeconomics and finance. But does this just amount to inventing new, exogenous, unobserved shocks to explain challenging features of...
View ArticleThe Effects of Mentor Quality, Exposure, and Type on Junior Officer Retention...
Despite the prevalence of mentor relationships in the workplace, little is known about their impact on labor market outcomes, including job retention. Using plausibly exogenous assignment of proteges...
View ArticleDoes Mass Deworming Affect Child Nutrition? Meta-analysis,...
The WHO has recently debated whether to reaffirm its long-standing recommendation of mass drug administration (MDA) in areas with more than 20% prevalence of soil-transmitted helminths (hookworm,...
View ArticleCultural Assimilation during the Age of Mass Migration -- by Ran Abramitzky,...
Using two million census records, we document cultural assimilation during the Age of Mass Migration, a formative period in US history. Immigrants chose less foreign names for children as they spent...
View ArticleState Street To Pilot GlobalCollateral Ltdâs Margin Settlement...
DTCC-Euroclear GlobalCollateral Ltd (“GlobalCollateral Ltd”), a joint venture (JV) of Euroclear and The Depository Trust & Clearing Corporation (DTCC), today announced that State Street Corporation...
View ArticleESMA Publishes Translations Of Its Guidelines On Cross-Selling Practices
The European Securities and Markets Authority (ESMA) has published translations of its Guidelines on cross-selling practices.read more...
View ArticleEuropean Commission Launches Two New Financial Instruments To Boost...
Today the European Commission adopted two new "off-the-shelf", i.e. "ready-to-use" financial instruments for ESI Funds investments, to ease access to funding for young businesses and urban development...
View ArticleâBorsa Italiana Global Equity Marketâ Launched Today
Starting from 11 July 2016, the segment ‘Borsa Italiana Global Equity Market’ is part of the new market ‘Borsa Italiana Equity MTF’, including the After Hours segment as well.read more...
View ArticleEuronext To Offer MiFID II-Compliant Trade Publication And Transaction...
Euronext announced it will enhance its Trade Publication and Transaction Reporting Services[1]to allow investment firms to meet the new regulatory requirements specified under MiFID II[2].read more...
View ArticleDubai International Financial Centre Welcomes KAMCO, One Of Regionâs...
Kuwait’s KAMCO Investment Company, a leading investment company with one of the largest private sector Assets under Management (AUMs) in the region, today announced the opening of its first...
View ArticleEBA Updates On Monitoring Of Additional Tier 1 Instruments
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