Rainfall Inequality, Political Power, and Ethnic Conflict in Africa

By Andrea Guariso and Thorsten Rogall

American Economic Journal: Economic Policy

How are ethnic inequality and ethnic violence related? We empirically investigate this question using an innovative measure of resource inequality between ethnic groups, based on rainfall on ethnic homelands during the plant-growing season. Our main da...

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The Effect of Low-Skill Immigration Restrictions On U.S. Firms and Workers: Evidence from a Randomized Lottery

By Michael A. Clemens and Ethan G. Lewis

American Economic Journal: Applied Economics

U.S. firms hiring foreign workers in low-skill nonfarm jobs face a binding quota on the ‘H- 2B’ visa, allocated in part through a randomized lottery. We evaluate the quota’s marginal impact using the lottery, a novel firm survey, and a pre-analysi...

Who Profits from Amateurism? Rent-Sharing in Modern College Sports

By Craig Garthwaite, Nicole Holz, Jordan Keener, and Matthew Notowidigdo

American Economic Journal: Applied Economics

Intercollegiate amateur athletics in the US have historically prevented student-athletes from receiving market wages, creating substantial economic rents that are primarily generated by men’s football and basketball programs. Using financial data from...

Designing Incentives for Impatient People: An RCT Promoting Exercise to Manage Diabetes

By Shilpa Aggarwal, Rebecca Dizon-Ross, and Ariel Zucker

American Economic Journal: Applied Economics

Many people are impatient. We introduce domain-specific discounting to a contracting model and test a prediction for how to make incentives work well when people are im- patient over effort: implement time-bundled contracts that make the payment for fut...

Serial Entrepreneurship in China

By Loren Brandt, Ruochen Dai, Gueorgui Kambourov, Kjetil Storesletten, and Xiaobo Zhang

American Economic Journal: Macroeconomics

This paper studies entrepreneurship and firm creation through the lens of serial entrepreneurs – entrepreneurs who establish more than one firm. Using data covering the universe of Chinese firms, we document key facts about serial and non-serial entre...

Deciphering Federal Reserve Communication via Text Analysis of Alternative FOMC Statements

By Taeyoung Doh, Dongho Song, and Shu-Kuei Yang

American Economic Journal: Macroeconomics

We propose a text-based measure of monetary policy stance that models FOMC statements as convex combinations of dovish and hawkish alternatives, providing a tractable representation of the Committee’s position along the policy spectrum. Leveraging sta...

CSWEP South

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Shock Values: Prices and Inflation in American Democracy by Carola Binder

By Michael D. Bordo

Journal of Economic Literature

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