Between 2010 and 2024, medical spending in the US grew from 17.2 percent of GDP to 18.0 percent. This growth was substantially below both historical precedent and actuarial projections by the Centers ...

Cognitive load for physicians in the emergency department (ED) can vary substantially depending on the number of patients they are treating and the complexity of those patients. In Thinking Versus ...

This volume is a collection of new research findings and ideas that shed light on the current movement to advance data ...

Evidence from 100,000 Venture Capitalists (NBER Working Paper 35501), Blake Jackson and Ilya A. Strebulaev study whether individual differences among VC professionals—in education, work experience, ...

Entrepreneurship training is generally intended to improve founders’ chances of success. It may also create value by helping entrepreneurs recognize when a venture no longer warrants further ...

Governments invoke national security to regulate foreign acquisitions of domestic firms. Why is ownership regulation a distinct policy margin beyond standard tools, like production subsidies and trade ...

We use Luxembourg Income Study and International Social Survey Programme microdata on 27 countries over the 1986-2019 period, augmented by policy and labor market information, to estimate the impact ...

We examine optimal non-cooperative monetary policy in a two-country New Keynesian setting with complete financial markets and pricing to market for goods. In contrast to the case in which the law of ...

Over the past four decades, the earnings gap between college graduates and non-graduates has widened substantially, prompting interest in policies aimed at promoting higher education among low-income ...

Behavioral finance seeks to improve our understanding of markets, investors, and firms by adopting a psychologically realistic description of how people think. While behavioral finance ideas have been ...

Variance decompositions from regressions with worker and firm fixed effects are widely used to measure heterogeneity and sorting in linked data. Variances computed directly from estimated effects ...

This paper shows that insuring landlords against non-payment risk can improve housing access and upward geographic mobility for fragile tenants. We study Visale, a large-scale publicly funded rent ...