Quantitative Easing Didn't Ease Housing Crisis for the Neediest

A new study by Marco Di Maggio and colleagues takes a deep dive into the efficacy of the Fed's quantitative easing strategy to understand how the various rounds of QE affected “the real economy.”

'Be Careless with That!' Availability of Product Upgrades Increases Cavalier Behavior Toward Possessions

Contrary to the notion that consumers highly value and care for their possessions, this research by Silvia Bellezza, Joshua M. Ackerman, and Francesca Gino demonstrates that consumers may become careless toward owned products when they know there are appealing upgrades coming. Such carelessness is driven by consumers' strong desire to justify decisions. The findings suggest opportunities for marketers and designers because planned obsolescence might benefit upgrade-minded consumers by making it easier for them to damage or detect functional flaws in owned products.

October 25, 2016

The challenge of explaining pivots to investors ... What's an innovation worth? ... How a manager's ethnic culture affects their communications with investors.

Bernie Madoff Explains Himself

Bernie Madoff Explains Himself

The Spectacular Fall and Fix of Healthcare.gov

The Spectacular Fall and Fix of Healthcare.gov

Global Talent Flows

Global migration patterns have become increasingly asymmetric and skewed along several dimensions, especially as skilled migration has become a greater force globally. This paper by William R. Kerr and colleagues,discusses the causes and consequences of high-skilled migration and the particular role of agglomeration/cluster economies.

Self-Employment Dynamics and the Returns to Entrepreneurship

Why do workers turn to entrepreneurship when many entrepreneurs appear to earn less than what they could earn in paid employment? Written by Eleanor W. Dillon and Christopher T. Stanton, this is the first paper to characterize how the value of resolving uncertainty about entrepreneurial earnings varies over the lifecycle after adjusting for tax differences between entrepreneurs and paid workers.