What Do Hedonic House Price Estimates Tell Us When CAP Rates Vary?
Abstract: This paper demonstrates theoretically and empirically that estimated implicit prices from hedonic equations using house value do not reflect implicit
Working Papers
This list captures all of the most recent papers that have been uploaded to this website. For a FULL list of 'Working Papers' from IIEP please visit this archived version of our website.
Farm Protests in India: A new menu needed
Abstract: While the world has changed, India’s farm policy is stuck in a 50-year-old mindset. India’s response to food shortages in the 1960’s was to establish
Electoral Manipulation and Regime Support: Survey Evidence from Russia
Abstract: Does electoral fraud stabilize authoritarian rule or undermine it? The answer to this question rests, in part, on how voters evaluate regime candidate
Indecent Disclosures: Anti-Corruption Reforms and Political Selection
Abstract: Cracking down on corruption has become a key tool for politicians to build popular support. But little is known about whether anti-corruption measures
Candidate Filtering: The Strategic Use of Electoral Fraud in Russia
Abstract: Incumbents have many tools to tip elections in their favor, yet we know little about how they choose between strategies. By comparing various tactics,
The Economic Impact of the Black Death
This paper is part of a Symposium organized by Dr. Remi Jedwab of the George Washington University that will appear in the Journal of Economic Literature.
The Economic Impact of the Black Death
This paper is part of a Symposium organized by Dr. Remi Jedwab of the George Washington University that will appear in the Journal of Economic Literature.
The IMF’s Financial Catch 22: Global Banker or Lender of Last Resort?
Abstract: The International Monetary Fund (IMF) has dual institutional roles: a steward of international financial stability and a global banker safeguarding.....
Deepening or Diminishing Ethnic Divides? The Impact of Urban Migration in Kenya
Abstract: The International Monetary Fund (IMF) has dual institutional roles: a steward of international financial stability and a global banker safeguarding the resources of its sovereign...
A tale of two wage subsidies: The American and Australian fiscal responses to COVID-19
Australia suppressed the virus with swift and strong public health measures including stringent border controls. As of July 2020, the virus continues to spread.
Medieval Cities Through the Lens of Urban Economic Theories
We draw on theories and empirical findings from urban economics to explore and explain patterns of city growth in the Middle Ages (c. 800-1500 CE).
A tale of two wage subsidies: The American and Australian fiscal responses to COVID-19
Australia suppressed the virus with swift and strong public health measures including stringent border controls.
A Plurilateral “Single Data Area” Is the Solution to Canada’s Data Trilemma
With its relatively small population, Canada faces a challenge in terms of the amount of high-quality data that it can generate to support a successful data-driven...
America’s uneven approach to AI and its consequences
Introduction Excerpt: The world’s oceans are in trouble. Global warming is causing sea levels to rise and reducing the supply of food in the oceans. The ecological
Long-Run Effects of Incentivizing Work After Childbirth
This paper uses a panel of SSA earnings linked to the CPS to estimate the impact of increasing post-childbirth work incentives on mothers’ career trajectories.
Human Capital Accumulation at Work: Estimates for the World and Implications for Development
Working Paper on "Human Capital Accumulation at Work".
The Financial Center Leverage Cycle: Does it Spread Around the World?
With a novel database, we examine the evolution of capital flows to the periphery since the collapse of the Bretton Woods System in the early 1970s. We......
Labor market mismatch is an important measure of the health of the economy but is notoriously hard to assess, as it requires information on both employer needs...
Distinguishing Self-interest from Greed: Ethical Constraints and Economic Efficiency
This paper demonstrates that economic efficiency is enhanced when market participants adhere to certain ethical constraints. These ethical constraints are..
Search for Yield in Large International Corporate Bonds: Investor Behavior and Firm Responses
Emerging market corporations have significantly increased their borrowing in international markets since 2008.
Divorce among European and Mexican Immigrants in the U.S
Status of being currently divorced among European and Mexican immigrants in the U.S., among themselves and in comparison to the native born of same ancestries.
A large literature documents the positive influence of a city’s skill structure on its rate of economic growth
Transport investment has played an important role in the economic development of many countries.
Transport investment has played an important role in the economic development of many countries.
Previous work on transportation investments has focused on average impacts in high- and middle-income countries. We estimate average and heterogeneous effects.....