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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