Economics Study: Renters underrepresented in local, state and federal government; 1 in 3 Americans rent but only around 7% of elected officials are renters
Economics Between 1996 and 2018, the minimum wage in Brazil increased by 128%. This contributed to a massive reduction in income inequality with little adverse effects on employment and economic output.aeaweb.org
Economics Refugees are inaccurately portrayed as a drain on the economy and public coffers. The sharp reduction in US refugee admissions since 2017 has cost the US economy over $9.1 billion per year and cost public coffers over $2.0 billion per year.
Economics More than a quarter of vacuum cleaners sold on Amazon have at some point pretended to offer a discount when they had actually just increased the price, according to new research
Economics New housing units in New York City lead to a reduction in nearby rents and house sales prices. This contradicts some NIMBY claims that more housing supply makes housing less affordable.
Economics We examine stock purchases of the members of the U.S. Senate for years 2012-2020 and find that stock purchases by senate members generate abnormal returns. We also find that abnormal returns are higher if the senator has direct jurisdiction over the firm through committee assignments.onlinelibrary.wiley.com
Economics Study Finds that Expansion of Private School Choice Programs in Florida Led to higher standardized test scores and lower absenteeism and suspension rates for Public School Studentsaeaweb.org
Economics The scholarly literature systematically understates the benefits of carbon taxes, and overstates their costs – how policymakers can take public support and policy impacts into account to design smart carbon taxesjournals.plos.org
Economics For most Americans, housing was a key component in personal wealth accumulation. However, racist housing policies eroded black wealth in pre-WWII American cities. Black families paid a 28% premium to buy a home on a majority white block, after which their homes lost 10% of their value.
Economics In 2013, France massively increased dividend tax rates. This led firms to reduce dividends (payments to shareholders) and invest profits back into the firm. Contrary to some claims, dividend taxes do not lead to a misallocation of capital, but may instead reduce capital misallocation.aeaweb.org
Economics After a minimum wage increase, workers become more productive. On the whole, it leads to welfare improvements for both employed and unemployed workers (i.e. the minimum wage increase is not counterproductive), but reduces company profits. [Data: 40,000 retail workers in large US stores]
Economics Antipoverty Program: Kids whose mothers were in Head Start when they (the mothers) were kids also see higher educ. attainment, less teen pregn., less criminal activity, & 6-11% higher wages. This second-generation effect is causal, likely due to changed parenting behavior/other noncognitive channels
Economics The initial rollout of Facebook at a college 1) negatively impacted student health and 2) upped how many students reported experiencing impairment of academic performance due to poor mental health. Additional evidence suggests both results are due to Facebook fostering unfavorable social comparisonsaeaweb.org
Economics Lower levels of economic inequality in Europe than in the US is not because of taxation and redistribution. In fact, the US redistributes more to the poorest 50% than any European country. The reason is that Europe has been successful at ensuring that the poorest get relatively good-paying jobs.aeaweb.org
Economics Smart people are more likely to know how the economy works, regardless of their level of education or economic training, new study (n=1,356) finds.sciencedirect.com
Economics Charging electric vehicles using a mix of on-road charging and home charging reduces the required battery range by 62%–71% compared to stationary charging alone [precision of the study is an "order-of-magnitude estimate"] [PDF]mdpi-res.com
Economics Replacing taxes on new car registrations with increased fuel taxes would increase aggregate welfare, tax revenue, and car ownership, while reducing car ages, driving, and CO2 emissions.
Economics When home sellers are legally mandated to disclose residential energy efficiency, energy efficient housing goes up in value. Home owners also invest more in energy-saving.aeaweb.org
Economics Academic economists disagree with a lot in popular "personal finance" books. Economists say that young people shouldn't be saving a lot; high stock dividends are unattractive; people should invest more in foreign stock markets; and adjustable-rate mortgages are better (unless interest rates are low)aeaweb.org
Economics US earnings inequality has not increased in the last decade. This marks the first sustained reversal of rising earnings inequality since 1980. The reversal is due to a shrinking gap between low-wage and median-wage workers, which is due to broadly rising pay in low-wage occupations.pnas.org
Economics Slavery did not accelerate US economic growth in the 19th century. The slave South discouraged immigration, underinvested in transportation infrastructure, and failed to educate the majority of its population. The region might even have produced more cotton under free farmers.aeaweb.org
Economics Since 1982, all Alaskan residents have received a yearly cash dividend from the Alaska Permanent Fund. Contrary to some rhetoric that recipients of cash transfers will stop working, the Alaska Permanent Fund has had no adverse impact on employment in Alaska.aeaweb.org
Economics Many Americans are unwilling to move to high-productivity cities. However, immigrants are far more likely to move to these areas than low-productivity areas in the US. Thus, immigration reduces the spatial misallocation of labor, and substantially increases aggregate output and welfare of natives.aeaweb.org