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Climate Change, Mortality, and Adaptation: Evidence from Annual Fluctuations in Weather in the US

By Olivier Deschênes and Michael Greenstone

American Economic Journal: Applied Economics, October 2011

Using random year-to-year variation in temperature, we document the relationship between daily temperatures and annual mortality rates and daily temperatures and annual residential energy consumption. Both relationships exhibit nonlinearities, with signif...

Beyond Incentive Pay: Insiders' Estimates of the Value of Complementary Human Resource Management Practices

By Casey Ichniowski and Kathryn Shaw

Journal of Economic Perspectives, Winter 2003

Do human resource management (HRM) practices, such as incentive pay, teamwork, training, and careful screening practices, raise productivity, and if so, under what conditions does productivity rise? Recently, this question has been a central focus in orga...

Individual Preferences, Monetary Gambles, and Stock Market Participation: A Case for Narrow Framing

By Nicholas Barberis, Ming Huang, and Richard H. Thaler

American Economic Review, September 2006

We argue that “narrow framing,” whereby an agent who is offered a new gamble evaluates that gamble in isolation, may be a more important feature of decisionmaking than previously realized. Our starting point is the evidence that people are often aver...

The Impact of Immigration: Why Do Studies Reach Such Different Results?

[Symposium: Immigration and Labor Markets]

By Christian Dustmann, Uta Schönberg, and Jan Stuhler

Journal of Economic Perspectives, Fall 2016

We classify the empirical literature on the wage impact of immigration into three groups, where studies in the first two groups estimate different relative effects, and studies in the third group estimate the total effect of immigration on wages. We inter...