Unlike correlation-based methods, which are widely understood and now relatively easy to implement, causal models demand a high level of expertise. Arguably, only a select group of experts can ...
Using a regression discontinuity approach, we uncover three findings: (1) Higher benefit levels distort employment more than benefit extensions. (2) Benefit durations and levels interact: Longer ...
Ever notice how much more tempting it is to pick up fast food for dinner after being stuck in traffic? It's not just you. New research shows that traffic delays significantly increase visits to fast ...
Our setting is dividend recapitalizations in private equity (PE), where portfolio companies take on new debt to pay investor returns. After accounting for positive selection into more debt, we show ...