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Does entrepreneurship cause local employment and wage growth, and if so, how large is the impact? Empirical analysis of such question is difficult because of the joint determination of entrepreneurship and economic growth. This paper uses two different sets of variables – the homestead exemption levels in state bankruptcy laws from 1975 and the share of MSA(More)
OBJECTIVE To assess the impact of state Medicaid wage pass-through policy on direct-care staffing levels in U.S. nursing homes. DATA SOURCES Online Survey Certification and Reporting (OSCAR) data, and state Medicaid nursing home reimbursement policies over the period 1996-2004. STUDY DESIGN A fixed-effects panel model with two-step feasible-generalized(More)
Does entrepreneurship cause urban economic growth and if so how large is the impact? Empirical analysis of such question is hampered by endogeneity. This paper uses two different sets of variables – the homestead exemption levels in state bankruptcy laws from 1975 and the share of MSA overlaying aquifers-to instrument for entrepreneurship and examine urban(More)
This paper examines how student assignment rules impact intergenerational mobility. High school admission had traditionally been exam based in South Korea. However, between 1974 and 1980 the central government shifted several cities to a school district based admission system. I estimate the impact of this reform on the intergenerational income elasticity.(More)
Do online price estimates directly impact sales prices in the real estate market, and if so, how large is that impact? We develop an estimation model that uses the di↵erence between list prices and online price estimates to proxy for house specific unobservables. To account for neighborhood specific unobservables, we use neighborhood first di↵erencing.(More)
This paper examines the impact of sanctions on trade, and how international relations influences the welfare implications of sanctions. Sanctions intend to punish target countries by inhibiting them from the gains from trade. The e↵ect of sanctions depends on not only the bilateral impact on trade but how much trade is diverted to other countries. I(More)
This paper examines whether modern management, characterized by performance and target based practices, explains the recent rise in wage inequality. I hypothesize that modern management's shift to performance pay, management-skill complementarity, and management-technology complementarity contribute to the increase in wage inequality within establishments.(More)