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Insights / Research BriefApr 08, 2024

A Discrimination Report Card

Patrick Kline, Evan K. Rose, Christopher R. Walters
A new statistical methodology is used to grade the race and gender callback gaps of large US employers and shows that firms assigned the worst grade are estimated to favor white applicants over Black applicants by 24%, while those assigned the best grade favor white applicants by only 3%. Gender discrimination is rare at the interview stage and concentrated in certain industries.
Topics:  Employment & Wages, Economic Mobility & Poverty
Insights / Research BriefMar 26, 2024

Competitive Job Seekers: When Sharing Less Leaves Firms at a Loss

Gaurav Chiplunkar, Erin M. Kelley, Gregory V. Lane
Randomly increasing the amount of competition for a job makes jobseekers less likely to share information about it with their peers and in particular to share it with fewer, higher ability peers. This lowers the quality of firms’ hires.
Topics:  Employment & Wages
Insights / Research BriefMar 07, 2024

What Drives Inflation? Lessons from Disaggregated Price Data

Elisa Rubbo
US inflation in the early phases of the COVID pandemic was entirely driven by disruptions in supply and demand across industries, whereas most of the subsequent increase in consumer prices is driven by aggregate demand.
Topics:  COVID-19, Monetary Policy
Insights / Research BriefFeb 01, 2024

Quantifying the Social Value of a Universal COVID-19 Vaccine and Incentivizing Its Development

Rachel Glennerster, Thomas Kelly, Claire T. McMahon, Christopher M. Snyder
A universal COVID-19 vaccine that is effective against existing and future variants could provide the United States population with $1.5–$2.6 trillion more in social value than variant-specific boosters. The social value of a universal vaccine eclipses the cost of incentivizing manufacturers to develop it.
Topics:  COVID-19
Insights / Podcast episodeDec 12, 2023

The Economics of Reproductive Choice

Tess Vigeland, Yana Gallen
Women who have unplanned births experience earnings losses of up at 25%, while planned births...
Topics:  Employment & Wages
Insights / Research BriefDec 07, 2023

Polarizing Corporations: Does Talent Flow to “Good” Firms?

Emanuele Colonnelli, Thomas Rauter, Olivia Xiong
Jobseekers prefer companies that demonstrate ESG practices, with the strongest preferences among those who are highly educated, white, and politically liberal. The adoption of ESG practices increases total economic output and worker welfare, and widens the wage gap between skilled and unskilled workers.
Topics:  Employment & Wages
Insights / Research BriefNov 15, 2023

Greater Than the Sum of Its Parts: Aggregate vs. Aggregated Inflation Expectations

Alexander Dietrich, Edward S. Knotek II, Kristian O. Myrseth, Robert W. Rich, Raphael Schoenle, Michael Weber
A novel measure of consumer inflation expectations that is constructed by combining forecasts from across different categories of consumption is consistently lower than conventional measures. It is also less volatile and a stronger predictor of consumers’ spending plans.
Topics:  COVID-19
Insights / Research BriefNov 07, 2023

Why is Trade Not Free? A Revealed Preference Approach

Rodrigo Adão, Arnaud Costinot, Dave Donaldson, John Sturm
Redistributive trade protection accounts for a significant fraction of tariff variation in the US and causes large monetary transfers between US individuals, mostly driven by differences in the social value of transfers across individuals employed in different sectors.
Topics:  Employment & Wages