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WORKING PAPERS
July 15, 2013
We argue that in pharmaceutical markets, variation in the arrival time of consumer heterogeneity creates differences between a producer’s ability to extract consumer surplus with preventives and treatments, potentially distorting R&D decisions. If consumers vary only in disease risk, reven...
WORKING PAPERS
May 14, 2013
Using data collected by the North Carolina Growers’ Association (NCGA), the leading employer of workers with H-2 visas, Michael Clemens shows that foreign workers have almost no direct effect on the employment prospects of US workers in H-2 occupations. Instead, they actually a large and positive in...
WORKING PAPERS
May 09, 2013
A temporary-worker program that allows Filipinos to work in South Korea sets up unusually good circumstances for measuring the effects of migration. Michael Clemens and Erwin Tiongson take advantage the natural experiment to find that affected households spend more, borrow less, and invest more in t...