How are senior government executives who attempt to execute an ambitious vision requiring significant strategic change in their…
We use an experiment to estimate the effect of the SEC’s Summary
Prospectus, which simplifies mutual fund disclosure. Our subjects chose an…
To what extent do migrants carry their culture with them, and to what extent do they acquire the culture of their new home? The answer not…
The report surveys the state of our knowledge regarding the effects of trade on the environment. A central question is whether…
We construct an axiomatic index of spatial concentration around a center or capital
point of interest, a concept with wide applicability…
We estimate the “place premium”—the wage gain that accrues to foreign workers who arrive to work in the United States. First, we estimate…
If the marginal utility of consumption depends on health status, this will affect the economic analysis of a number of central problems in…
Learning persistence plays a central role in models of skill formation, estimates of education production functions, and evaluations of…
Fearsome risks are those that stimulate strong emotional responses. Such risks, which usually involve high consequences, tend to have low…