National Bureau of Economic Research

Adverse selection doesn't just distort prices and quality but can also limit the number of firms a market can support and sometimes lead to (un)natural monopoly, from Edward Kong, Timothy Layton, and Mark Shepard https://lnkd.in/ewcA3Yk4

Movies with non-white casts have higher average box-office revenues but smaller variance. These results point to non-white movies being held to higher standards for production, from Liang Zhong, Angela Crema, and M. Daniele Paserman https://lnkd.in/ecjwU_U9

Analyzing changes in pedestrian behavior across urban public spaces in New York, Boston, and Philadelphia over a 30-year period, from Arianna Salazar-Miranda, Zhuangyuan Fan, Michael B. Baick, Keith N. Hampton, Fabio Duarte, Becky P.Y. Loo, Edward L. Glaeser, and Carlo Ratti https://lnkd.in/eBY8BJvG

Firms' selective hiring explains a labor market puzzle: How careful screening shapes wage patterns and worker sorting, from Katarína Borovi?ková and Robert Shimer https://lnkd.in/ed_UNNv8

Despite consumers responding rationally to fintech information and performing targeted search, fintech can lead them to behave counter to their preferences for remittance sending, from Eduardo Nakasone, Máximo Torero, and Angelino Viceisza https://lnkd.in/ezdPwFkn

Featured in the latest Bulletin on Health: "Digital Health Technology and Patient Outcomes" https://lnkd.in/eDb34MJ8

Women born in counties with food stamps available in early life had 3 percent higher earnings at age 32, from Marianne Bitler and Theodore F. Figinski https://lnkd.in/ev9PPGn4

The determinants of the level of, and trends over time in, Japan's household saving rate during the postwar period and making projections about future trends, from Charles Yuji Horioka https://lnkd.in/euTbCpMf

Using both theory and data from the Great Depression to argue that the influential forward guidance puzzle is, after all, not puzzling, from Gauti B. Eggertsson and Finn D. Schüle https://lnkd.in/eS9-Y_Cy

Using data from New York City to identify the determinants of racial disparities in school choice finds that attending a more diverse middle school can mitigate racial gaps, from Clemence M. Idoux and Viola Corradini https://lnkd.in/gwdpwPCs