Paper Link Xiaojun Wang and Chi-Young Choi: Discontinuity of Output Convergence Within the United States: Why Has the Course Changed?, Economic Inquiry, January 2015.
Paper Link Miriam Bruhn and Inessa Love: The Real Impact of Improved Access to Finance: Evidence from Mexico, Journal of Finance, June 2014
Paper Link Ronald Lee, Andrew Mason, and members of the NTA network : Is Low Fertility Really a Problem? Science, 10 October 2014.
Property crime is today more widespread in Europe than in the United States, while the opposite was true during the 1970s and 1980s. In this paper we study the determinants of crime in a dynamic general equilibrium model with uninsured idiosyncratic shocks. We focus on Germany, and compute the contribution of various factors to the total change. We find that the most important factor explaining the reversal are changes in the probability of apprehension and prison duration for the United States, and demographic changes for Germany. Changes in labor tax rates and transfers are unimportant for the United States. For Germany they have non-negligible effects, but they go in opposite directions and tend to offset each other.