Economic freedom at metropolitan statistical area borders

This paper applies a variation on differences-in-differences to the effects of economic freedom in matched bordering metropolitan statistical areas using the Metropolitan Economic Freedom Index. While a great deal of research has explored the relationship between economic freedom and economic performance, less has been done at the local level. We find that economic freedom has a positive effect on several measures of economic performance, but no effect on population.     

Correction to: Voluntary disclosure when private information and disclosure costs are jointly determined

Review of Accounting Studies - A Correction to this paper has been published: https://doi.org/10.1007/s11142-021-09623-7     

Displaying things in common to encourage friendship formation: A large randomized field experiment

Quantitative Marketing and Economics - Friendship formation is of central importance to online social network sites and to society, but can suffer from significant and unequal frictions. In this...     

Actual and Preferred Working Hours

We use British panel data to investigate whether or not subjective data on desired labour supply provide information on future labour market behaviour. We find that, although men and women are able to adjust their work hours in line with preferences, this is greatly facilitated through within‐ and between‐employer job changes. We also find that hours constraints are significant determinants of leaving the labour market and within‐ and between‐employer mobility. We conclude that rigidities in the labour market exist and that these rigidities impair the welfare of employees.     

Diagnostics for IV Regressions

The use of residuals from the structural equations in a simultaneous- equations model can lead to misleading measures of association and to invalid diagnostic statistics for heterosedasticity and functional form misspecifications. In an important paper, Pagan and Hall (1983) suggest a few principals upon which asymptotically valid tests can be constructed, while the issue of appropriate measures of goodness-of-fit for IV regressions is addressed in Pesaran and Smith (1994). This paper is concerned with the optimal construction of diagnostics for IV regression, and examines the finite-sample properties of several tests for functional form misspecifications and heteroscedasticity.     

Subtle discrimination in the rental housing market: Evidence from e-mail correspondence with landlords

We find that landlords practice subtle discrimination in the rental housing market through the use of language associated with describing and viewing a unit, inviting further correspondence, making a formal greeting, and using polite language when replying to e-mail inquiries from a white name more often than to an African American name, they also send longer e-mails and respond quicker to white names.     

Following in Your Parents’ Footsteps? Empirical Analysis of Matched Parent–Offspring Test Scores*

In this article, we explore whether an intergenerational relationship exists between the reading and mathematics test scores, taken at age 7, of a cohort of individuals born in 1958 and the equivalent test scores of their offspring measured in 1991. Our results suggest that how the parent performs in reading and mathematics during their childhood is positively related to the corresponding test scores of their offspring as measured at a similar age. The results further suggest that the effect of upbringing is mainly responsible for the intergenerational relationship in literacy, although genetic effects seem more relevant with respect to numeracy.     

The price of the poor's words: social relations and the economics of deposing for one's ‘betters’ in early modern England

Historians of early modern England are aware that the legal testimony of poor, dependent, and subordinated individuals was regarded with suspicion. Contemporaries believed that labouring people would provide false evidence in return for ‘gifts’ or ‘rewards’. To what extent did such assumptions accurately reflect the processes whereby such witnesses came to depose for their ‘betters’? This article uses sixteenth‐ and early seventeenth‐century perjury and subornation suits from the court of Star Chamber to reconstruct labouring people's experiences and understandings of the politics of testimony. In explicating the structural and material factors that could militate against their deposing, override their reservations about doing so, and colour the contents of the depositions they gave, it makes two broader contributions to our understanding of the period. On the one hand, it presents a markedly more pessimistic account of the social relations involved in the increase in litigation. On the other, it reappraises a category of source—depositions—that historians have long regarded as providing singularly privileged access to the expressions of social groups that left little trace in the historical record.