We use firm-level data to study corporate performance during the Great Depression era for all industrial firms on the NYSE. Our goal is to identify the factors that contribute to business insolvency a

NBER2011-09-01 更新90

Hysteresis in Unemployment: Old and New Evidence

失业滞后效应

劳动力市场

This paper argues that hysteresis helps explain the long-run behavior of unemployment. The natural rate of unemployment is influenced by the path of actual unemployment, and hence by shifts in aggrega

NBER2009-03-01 更新80

Deadweight Costs and the Size of Government

税收优化

政府支出效率

We provide a model for analyzing effects of the tax system and spending programs on the determination of government spending and taxpayer welfare and show that tax system or spending program which is

NBER1998-11-01 更新60

The Expanding Pharmaceutical Arsenal in the War on Cancer

癌症药物开发

生存率评估

Only about one third of the approximately 80 drugs currently used to treat cancer had been approved when the war on cancer was declared in 1971. We assess the contribution of pharmaceutical innovation

NBER2004-02-01 更新80

Putting Global Governance in its Place

In a world economy that is highly integrated, most policies produce effects across the border. This is often believed to be an argument for greater global governance, but the logic requires scrutiny.

NBER2019-09-01 更新60

The Returns to Online Postsecondary Education

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