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Payment Choice with Consumer Panel Data 9 Aug 2013 | 11:47 pm
We exploit scanner data to track payment choice for grocery purchases for a large panel of households over three years. We show that households focus most of their expenditures on one or at most two o...
Cyclical versus Secular: Decomposing the Recent Decline in U.S. Labor Force Participation 8 Aug 2013 | 10:37 pm
Since the start of the Great Recession, one of the most striking developments in the U.S. labor market has been the pronounced decline in the labor force participation rate. The crucial issue in inter...
Wealth Shocks and Macroeconomic Dynamics 30 Jun 2013 | 12:03 am
The effect of wealth on consumption is an issue of longstanding interest to economists. Analysts believe that fluctuations in household wealth have driven major swings in economic activity. This paper...
Economic Distress and Resurgence in U.S. Central Cities: Concepts, Causes, and Policy Levers 30 Jun 2013 | 12:03 am
This paper provides a review of the literature on U.S. central city growth and distress during the second half of the twentieth century.It finds that city growth tended to be higher in metropolitan ar...
A Decomposition of Shifts of the Beveridge Curve 30 Jun 2013 | 12:03 am
The apparent outward shift of the Beveridge curve-the empirical relationship between job openings and unemployment-has received much attention among economists and policymakers in the recent years wit...
Cyclical Unemployment, Structural Unemployment 25 Jun 2013 | 12:19 am
Whenever unemployment stays high for an extended period, it is common to see analyses, statements, and rebuttals about the extent to which the high unemployment is structural, not cyclical. This essay...
The Role of Proximity in Foreclosure Externalities: Evidence from Condominiums 16 May 2013 | 04:24 am
We explore several different explanations of the effect of foreclosures on neighboring properties using a dataset of transactions in Boston, for which we have rich data on the size and location of con...
Retaining Recent College Graduates in New England: An Update on Current Trends 10 May 2013 | 01:12 am
This policy brief presents some basic facts about the retention of recent college graduates and changes in retention over time. It considers how New England compares with other divisions, what factors...
Window Shopping 9 May 2013 | 03:12 am
The terms "window shopping" and "showrooming" refer to the activity in which potential buyers visit a brick-and-mortar store to examine a product but end up either not buying it or buying the product ...
Research Review, Issue 18 9 Apr 2013 | 02:39 am
Research released between July 2012 and December 2012
