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Research Briefs·Sep 4, 2024

What Middle-Income Countries Can Learn from America’s Innovation System

Somik Lall and Ufuk Akcigit
The American model of innovation has long been the envy of the world. From the garage tinkerers of Silicon Valley to the research labs of prestigious universities, the United States has consistently churned out groundbreaking technologies that have reshaped industries...
Topics: Technology & Innovation
Research Briefs·Sep 4, 2024

Managing Margins: PE Effects on Financial, Physical, and Human Capital

Michael R. Richards, Maggie Shi, and Christopher M. Whaley
Private equity’s influence on hospital performance includes permanent improvements in hospital patient volumes and revenues, reductions in full-time employees, restrained technology adoption, and improved operating margins.
Topics: Health care
Research Briefs·Aug 29, 2024

Have CEOs Changed?

Yann Decressin, Steven Neil Kaplan, and Morten Sorensen
CEOs hired in recent years are similar in terms of their overall ability and interpersonal orientation compared to CEOs hired earlier. The same four factors revealed by earlier research still explain roughly half of the variation in CEOs’ characteristics: overall...
Research Briefs·Aug 29, 2024

Crypto Tax Evasion

Tom G. Meling, Magne Mogstad, and Arnstein Vestre
Crypto tax noncompliance is pervasive, even among investors trading on exchanges that share identifiable trading data with tax authorities. Since most crypto investors owe little in crypto-related taxes, however, enforcement needs to be well-targeted or cheap for benefits to outweigh...
Research Briefs·Aug 21, 2024

Lessons from the Biggest Business Tax Cut in US History

Gabriel Chodorow-Reich, Owen M. Zidar, and Eric Zwick
The 2017 Tax Cut and Jobs Act (TCJA) reduced corporate tax revenue by 40%. Firms experiencing larger tax rate cuts invested more, raising total investment by 11%. The TCJA raised GDP by less than 1%.
Research Briefs·Aug 6, 2024

The Graduation Part II: Graduate School Graduation Rates

Jeffrey T. Denning and Lesley J. Turner
Graduation rates from graduate programs increased from 58% for students entering in 2003-04 to 68% for students entering in 2012-13, with substantial variation across fields of study and institutions.
Topics: Higher Education & Workforce Training
Research Briefs·Aug 6, 2024

Spatial Competition, Strategic Entry Responses, and the North Dakota Railroad War of 1905

Chad Syverson
An economic analysis of a historic competition among rail lines offers insights into competition between firms across space, including social welfare effects.
Research Briefs·Aug 1, 2024

Identifying Agglomeration Shadows: Long-run Evidence from Ancient Ports

Richard Hornbeck, Guy Michaels, and Ferdinand Rauch
The locations of ancient ports near the Mediterranean reveal that large cities cast “agglomeration shadows” that discourage economic activity in nearby areas.
Research Briefs·Jul 31, 2024

Dynamic Targeting: Experimental Evidence from Energy Rebate Programs

Takanori Ida, Takunori Ishihara, Koichiro Ito, Daido Kido, Toru Kitagawa, Shosei Sakaguchi, and Shusaku Sasaki
Targeting a policy’s beneficiaries based on their responses to past policies leads to larger gains than targeting based solely on pre-intervention information.
Research Briefs·Jul 25, 2024

Who Pays for Rising Health Care Prices? Evidence from Hospital Mergers

Zarek Brot-Goldberg, Zack Cooper, Stuart V. Craig, Lev R. Klarnet, Ithai Lurie, and Corbin L. Miller
Rising health care prices are passed onto employers as higher insurance premiums, which decreases their demand for labor and reduces employment, leading to lost wages, reduced tax revenue, and increased suicide and overdose rates.
Topics: Health care