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Firm Investment And The Term Structure Of Uncertainty

by Ian J. Wrightvia Working Group on Economic Policy
Monday, May 4, 2015

Working Group on Economic Policy: WP15104 - Why has firm activity been slow to recover from the Great Recession? This paper presents theoretical and empirical evidence suggesting long-term uncertainty may be one reason. Specifically, it identifies the current level of uncertainty and expectations of future uncertainty -- that is, the entire term structure of uncertainty -- are negatively correlated with firm investment rates.

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An Empirical Examination of Patent Hold-Up

by Alexander Galetovic, Stephen Haber, Ross Levinevia IP2 Working Paper Series
Monday, March 30, 2015

IP² Working Paper No. 15010 - A large literature asserts that standard essential patents (SEPs) allow their owners to “hold up” innovation by charging fees that exceed their incremental contribution to a final product.

Measuring Job-Finding Rates and Matching Efficiency with Heterogeneous Jobseekers

by Robert E. Hall, Sam Schulhofer-Wohlvia Working Group on Economic Policy
Friday, February 13, 2015

Working Group on Economic Policy: WP15103 - Matching efficiency is the productivity of the process for matching jobseekers to available jobs. Job-finding is the output; vacant jobs and active jobseekers are the inputs.

How Teachers' Unions Affect Education Production

by Caroline M. Hoxbyvia Quarterly Journal of Economics
Thursday, August 1, 1996

This study helps to explain why measured school inputs appear to have little effect on student outcomes, particularly for cohorts educated since 1960.  Teachers' unionization can explain how public schools simultaneously can have more generous inputs and worse student performance.

The Effects of Class Size on Student Achievement: New Evidence from Population Variation

by Caroline M. Hoxbyvia Quarterly Journal of Economics
Wednesday, November 1, 2000

I identify the effects of class size on student achievement using longitudinal variation in the population associated with each grade in 649 elementary schools.  I use variation in class size driven by idiosyncratic variation in the population.

Does Competition Among Public Schools Benefit Students and Taxpayers?

by Caroline M. Hoxbyvia American Economic Review
Tuesday, December 5, 2000

Tiebout choice among districts is the most powerful marketforce in American public education.  Naive estimates of its effects are biased by endogenous district formation.  I derive instruments from the natural boundaries in a metropolitan area.

Do and Should Financial Aid Decisions Affect Students' College Choices?

by Christopher Avery, Caroline M. Hoxbyvia National Bureau of Economic Research
Saturday, February 1, 2003

Every year, thousands of high school seniors with high college aptitude face complicated menus' of scholarship and aid packages designed to affect their college choices. Using an original survey designed for this paper, we investigate whether students respond to their menus' like rational human capital investors.

Political Jurisdictions in Heterogeneous Communities

by Alberto Alesina, Reza Baqir, Caroline M. Hoxbyvia Journal of Political Economy
Thursday, January 1, 2004

We investigate whether political jurisdictions form in response to the trade-off between economies of scale and the costs of a heterogeneous population.

How New York City Schools Affect Achievement

by Caroline M. Hoxby, Jenny Kang, Sonali Murarkavia National Burea of Economic Research
Tuesday, September 1, 2009
This research was funded by the Institute for Education Sciences under Contract R305A040043, a subcontract of the National Center on School Choice at Vanderbilt University.

The Changing Selectivity of American Colleges

by Caroline M. Hoxbyvia American Economic Association
Tuesday, September 1, 2009

Over the past few decades, the average college has not become more selective: the reverse is true, though not dramatically. People who believe that college selectivity is increasing may be extrapolating from the experience of a small number of colleges such as members of the Ivy League, Stanford, Duke, and so on.