- 11 Jan 2021
- Working Paper Summaries
The Political Effects of Immigration: Culture or Economics?
This paper reviews and explains the growing literature focused on the political effects of immigration, and highlights fruitful avenues for future research. When compared to potential labor market competition and other economic forces, broadly defined cultural factors have a stronger political and social impact.
- 15 Dec 2020
- Working Paper Summaries
Designing, Not Checking, for Policy Robustness: An Example with Optimal Taxation
The approach used by most economists to check academic research results is flawed for policymaking and evaluation. The authors propose an alternative method for designing economic policy analyses that might be applied to a wide range of economic policies.
- 11 Dec 2020
- Research & Ideas
Economic Jitters Push Pandemic Job Seekers to Big Companies, Not Startups
Small companies are receiving fewer applications, particularly from experienced professionals, according to research by Shai Bernstein and colleagues. How can startups overcome pandemic fears and compete for talent? Open for comment; 0 Comments.
- 01 Dec 2020
- What Do You Think?
How Can We Get Companies to Invest More in Low-Wage Workers?
Does income inequality hold back economic growth? James Heskett ponders what underlying factors keep low-wage workers down. Open for comment; 0 Comments.
- 30 Nov 2020
- Research & Ideas
COVID Not Slowing VC Investment
Despite the economic uncertainty, most venture capitalists expect their investments to outperform major equity indexes and are still funding new endeavors, says Paul Gompers. Open for comment; 0 Comments.
- 23 Nov 2020
- Research & Ideas
COVID Was Supposed to Increase Bankruptcies. Instead, They've Gone Down.
Down economic cycles and increasing unemployment usually usher in a rise in bankruptcies. Not so in the COVID-19 recession, where just the reverse has happened. Research by Raymond Kluender and colleagues. Open for comment; 0 Comments.
- 10 Nov 2020
- Sharpening Your Skills
Research News and Tips: Innovating Across Time Zones
Recent research insights on collaborating across time zones, the economic cost of immigrant bans, selling a pivot story to investors, and more.
- 20 Oct 2020
- Working Paper Summaries
Flight to Safety: How Economic Downturns Affect Talent Flows to Startups
The COVID-19 crisis makes it more difficult for small, young firms to attract talent as higher-quality candidates turn to more mature firms. Such “flight to safety” leads to a deterioration in the quality of human capital available for startups.
- 09 Oct 2020
- Working Paper Summaries
Where the Cloud Rests: The Economic Geography of Data Centers
This study quantifies how data center managers make a trade-off between the setup and operational costs of running a facility and capturing local demand.
- 28 Sep 2020
- Working Paper Summaries
What Can Economics Say About Alzheimer's Disease?
This essay discusses the role of market frictions and "missing medicines" in drug innovation and highlights how frameworks and toolkits of economists can help our understanding of the determinants and effects of Alzheimer's disease on health.
- 24 Sep 2020
- Research & Ideas
Financial Meltdowns Are More Predictable Than We Thought
Robin Greenwood and Samuel G. Hanson discuss new research that shows economic crises follow predictable patterns. Open for comment; 0 Comments.
- 22 Sep 2020
- Research & Ideas
Recessions Push Some Entrepreneurs to Launch Too Soon
Research by Maria Roche looks at how past economic downturns forced job-insecure, high-tech entrepreneurs to rush their ventures to market. Will COVID-19 do the same? Open for comment; 0 Comments.
- 01 Sep 2020
- Working Paper Summaries
Transaction Cost Economics in the Digital Economy: A Research Agenda
The increasing dominance of the digital economy has brought new questions about the interplay of organizations and the market-based ecosystem. Transaction Cost Economics theory is a useful lens to understand firm organization and possibly guide policy and regulation.
- 31 Aug 2020
- Working Paper Summaries
The Pass-Through of Uncertainty Shocks to Households
A firm’s stock price volatility during times of uncertainty can significantly reduce workers’ consumption and savings decisions. This paper sheds light on the economic effects of uncertainty, and in particular, how firms provide insurance to their workers during periods of turmoil.
- 20 Aug 2020
- Working Paper Summaries
Best Ideas
The “best ideas” in investment managers’ portfolios generate statistically and economically significant risk-adjusted returns over time, and they systematically outperform other positions in the portfolios. Investors can gain substantially if managers choose less-diversified portfolios that tilt more towards their best ideas.
- 10 Jul 2020
- Working Paper Summaries
Making Economics More Useful: How Technological Eclecticism Could Help
This paper shows how tools, such as simulations used to design new technologies, can facilitate collaborative economic policy judgments. The paper forms part of a broader, ongoing study of knowledge in practical fields such as engineering, medicine, and business.
- 01 Jul 2020
- Working Paper Summaries
Social Interactions in Pandemics: Fear, Altruism, and Reciprocity
An analysis of 89 cities worldwide shows that mobility responds to infection risk, altruism, and reciprocity. Correcting the SIR model to account for this behavior shows that a balanced approach involving stringency measures, in respect of human dignity, and responsible social preferences mitigates the pandemic health and economic costs.
- 08 Jun 2020
- Working Paper Summaries
Loan Types and the Bank Lending Channel
Practitioners commonly refer to four distinct loan types: asset-based loans, cash flow loans, trade financing, and leasing. It is important to account for these differences in loan type in order to analyze the economic significance of credit market disruptions.
- 02 Jun 2020
- Working Paper Summaries
HBS COVID-19 Global Policy Tracker
The Harvard Business School Covid-19 Global Policy Tracker monitors new developments and changes in government policies throughout this crisis to analyze trends and correlations in countries' responses and economic impact.
India’s Food Supply Chain During the Pandemic
Policy makers in the developing world face important tradeoffs in reacting to a pandemic. The quick and complete recovery of India’s food supply chain suggests that strict lockdown measures at the onset of pandemics need not cause long-term economic damage.