Recent Faculty Publications
Courtney Coile and Phil Levine conducted research about the effects of the stock market and labor market on retirement, which the economic conditions of the past year or two have made even more relevant. Their paper, "The Market Crash and Mass Layoffs: How the Current Economic Crisis May Affect Retirement" , on these and related questions has now been published into a book on the subject entitled Reconsidering Retirement: How Losses and Layoffs Affect Older Workers (Brookings Institution Press, 2010).
Their paper, "Recessions, Retirement and Social Security, " American Economic Review: Papers & Proceedings 101(3):1-7, May 2011, examines the impact of late-career investment returns and job loss on subsequent retiree well-being . Specifically, they explore whether there is a link between the income of retirees aged 70 to 79 and the stock market and labor market conditions that existed around the time of their retirement.
In his paper, "Public Policy, Health Insurance and the Transition to Adulthood, " Phil Levine assesses the impact of two recent policies designed to increase insurance coverage for older teens and young adults.
Joe Joyce's research deals with issues related to financial globalization. His paper, “Financial Globalization and Banking Crises in Emerging Markets ” (Open Economies Review, forthcoming), investigates the impact of financial globalization on the incidence of systemic bank crises in 20 emerging markets over the years 1976-2002. He finds that an increase in foreign debt liabilities contributes to an increase in the incidence of crises, but foreign direct investment and portfolio equity liabilities have the opposite effect.
In “Reserves, Quotas and the Demand for International Liquidity” co-authored with Raul Razo-Garcia (Review of International Organizations, 2011), the authors investigate the impact of IMF quotas on reserve holdings for a panel of countries during the period of 1980–2006. They analyze governmental decisions regarding the access to international liquidity through their reserves and IMF quotas, and find that reserves in emerging markets have been inversely related to their IMF quotas.
In another paper, “Globalization and Inequality Among Nations” , which appeared in Globalization and International Development: Critical Issues of the 21st Century (W.E. Upjohn Institute, 2010), he explored the reasons for the increasing disparity between the average income per capita levels of the low- and upper-income nations during the recent eras of globalization, and summarized policy proposals to make globalization more rewarding for poor countries.
Adrienne Lucas estimates the effect of malaria eradication on lifetime human capital accumulation in her paper “Malaria Eradication and Educational Attainment: Evidence from Paraguay and Sri Lanka,” American Economic Journal: Applied Economics, Vol. 2 (2): 46-71.
Kristin Butcher , Patrick McEwan and Corrine Taylor estimate the causal effect of instruction in quantitative reasoning on students' academic performance and classroom peer-group composition at a liberal arts college in their paper, The Effects of Quantitaive Skills Training on College Outcomes and Peers, Economics of Education Review 29 (2010) .
Brett Danaher asks whether legal digital distribution of media (such as selling on iTunes) can mitigate Internet piracy and whether these digital sales cannibalize sales in traditional physical distribution channels. The paper “Converting Pirates Without Cannibalizing Purchasers: The Impact of Digital Distribution on Physical Sales and Internet Piracy” was published in Marketing Science, Volume 29 Number 6. pp. 1138-1151.