Categories: Macroeconomics
NBER News
- The Effects of Foreign Multinationals on Workers and Firms in the United States -- by Bradley Setzler, Felix TintelnotGovernments go to great lengths to attract foreign multinational enterprises because these enterprises are thought to raise the wages paid to their employees (direct effects) and to improve outcomes at incumbent local firms (indirect effects). We construct the first U.S. employer-employee dataset with foreign ownership information from tax records to measure these direct and indirect […]
- Tax Administration vs. Tax Rates: Evidence from Corporate Taxation in Indonesia -- by M. Chatib Basri, Mayara Felix, Rema Hanna, Benjamin A. OlkenDeveloping countries collect a far lower share of GDP in taxes than richer countries. This paper asks whether changes in tax administration and tax rates can nevertheless raise substantial additional revenue – and if so, which approach is most effective. We study corporate taxation in Indonesia, where the government implemented two reforms that differentially affected […]
- Reducing Frictions in College Admissions: Evidence from the Common Application -- by Brian G. Knight, Nathan M. SchiffCollege admissions in the U.S. is decentralized, with students applying separately to each school. This creates frictions in the college admissions process and, if substantial, might ultimately limit student choice. In this paper, we study the introduction of the Common Application (CA) platform, under which students submit a single application to all member schools, potentially […]
- Inspecting the Mechanism of Quantitative Easing in the Euro Area -- by Ralph S. J. Koijen, Francois Koulischer, Benoit Nguyen, Motohiro YogoUsing new data on security-level portfolio holdings by investor type and across countries in the euro area, we study portfolio rebalancing during the European Central Bank’s (ECB) purchase programme that started in March 2015. To quantify changes in risk concentration, we estimate the evolution of the distribution of duration, government, and corporate credit risk exposures […]
- The Role of Behavioral Frictions in Health Insurance Marketplace Enrollment and Risk: Evidence from a Field Experiment -- by Richard Domurat, Isaac Menashe, Wesley YinWe experimentally varied information mailed to 87,000 households in California's health insurance marketplace to study the role of frictions in insurance take-up. Reminders about the enrollment deadline raised enrollment by 1.3 pp (16 percent), in this typically low take-up population. Heterogeneous effects of personalized subsidy information indicate systematic misperceptions about program benefits. Consistent with an […]
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