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FindingMar 03, 2021

Unemployment Insurance in Macroeconomic Stabilization

Rohan Kekre
Unemployment insurance extensions stimulate output and employment when monetary policy is constrained, as during the Great Recession.
Topics:  Employment & Wages
FindingFeb 26, 2021

“Drive and Wave”: The Response to LAPD Police Reforms After Rampart

Canice Prendergast
The arrest-to-crime rate fell 40% after accountability to the public rose, then rebounded to its original level when accountability fell.
FindingFeb 25, 2021

Fiscal Policy and Households’ Inflation Expectations: Evidence from a Randomized Control Trial

Olivier Coibion, Yuriy Gorodnichenko, Michael Weber
Information about current debt or deficit levels has little impact on inflation expectations, but news about future debt leads households to anticipate higher inflation, both in the short run and long run.
Topics:  Fiscal Studies
FindingFeb 18, 2021

Informed Choices: Gender Gaps in Career Advice

Yana Gallen, Melanie Wasserman
When students seek information from business professionals about careers, female students receive substantially more information on work/life balance relative to male students; in contrast, professionals mention workplace culture to male and female students at similar rates.
Topics:  Employment & Wages
FindingFeb 17, 2021

Does Private Equity Investment in Healthcare Benefit Patients? Evidence from Nursing Homes

Atul Gupta, Sabrina T. Howell, Constantine Yannelis, Abhinav Gupta
Private equity ownership (PE) increases the short-term mortality of Medicare patients by 10%, implying 20,150 lives lost due to PE ownership over a twelve-year sample period.
Topics:  Financial Markets, Health care
FindingFeb 12, 2021

Low Energy: Estimating Electric Vehicle Electricity Use

Fiona Burlig, James B. Bushnell, David S. Rapson, Catherine Wolfram
Based on extensive California data, the average electric vehicle increases overall household load by 2.9 kilowatt-hours per day, or less than half the amount assumed by state regulators, and likely travel under half of the US fleet average, raising questions about transportation electrification for climate policy.
Topics:  Energy & Environment
FindingFeb 12, 2021

Tax Refund Uncertainty: Evidence and Welfare Implications

Sydnee Caldwell, Scott Nelson, Daniel Waldinger
Low-income tax-filers have substantial subjective uncertainty about tax refunds; this research suggests that refund uncertainty reduces the welfare benefits of the EITC by about 10 percent.
Topics:  Fiscal Studies
FindingFeb 10, 2021

The Social Side of Early Human Capital Formation: Using a Field Experiment to Estimate the Causal Impact of Neighborhoods

John List, Fatemeh Momeni, Yves Zenou
This work reveals the importance of public programs and neighborhoods on human capital formation at an early age, highlighting that human capital accumulation is fundamentally a social activity.
Topics:  Early Childhood Education