business and finance Have fun, learn design — The Designer’s Deck for 20% off! By feedproxy.google.com Published On :: Sun, 11 Nov 2018 07:20:05 PST This week’s deal is on a deck of cards that will make you a better designer! > The Design Deck: the fun way to learn design!Flashcards are a proven way to learn new concepts fast, and poker is a proven way to have fun and MAYBE win some money. That’s win/win/win(?)! This high-quality deck of playing cards features 56 cards, each with a succinct summary of a different design concept, philosophy, or idea so that you can up your game while playing a game. For a limited time, you can save 20% on this beautiful collectable that will make the perfect gift for the designer/s in your life — .or for yourself! Order now in time for the holidays! > Check out the deal here. Full Article deal
business and finance "While we did send you the text file two days late last Thursday, the rest of the schedule cannot be..." By feedproxy.google.com Published On :: Mon, 12 Nov 2018 05:42:08 PST “While we did send you the text file two days late last Thursday, the rest of the schedule cannot be delayed by two days. Oh, by the way, here is a new version of the text file you will have to use instead.” - Client, on Monday Full Article live to work
business and finance Me: I’m back from my work trip. Do you still need those modifications to your logo... By feedproxy.google.com Published On :: Mon, 12 Nov 2018 07:20:00 PST Me: I’m back from my work trip. Do you still need those modifications to your logo files? Client: Hey! I was actually able to talk with my IT guy and he taught me how to use gimp to do all of that. But I will definitely let you know if I need anything else done.Me: (WRITHING IN SYMPATHETIC PAIN FOR USING GIMP) Full Article hell michigan
business and finance I had made a packing design that was approved, but not yet fully paid for. Client: We are really in... By feedproxy.google.com Published On :: Mon, 12 Nov 2018 09:00:03 PST I had made a packing design that was approved, but not yet fully paid for. Client: We are really in a hurry, so please send fonts and colors you’ve used ASAP. And what software do you use to design things? This is urgent!Me: What do you mean? Do you need print files? Sure, but I need to be paid before I send you the finished files.Client: Why do we have to pay you? This was our idea of design! I even sent you mock-up in Photoshop! Full Article payday mayday
business and finance I was designing a website for a client. Over time, the client requested lots of little changes to... By feedproxy.google.com Published On :: Tue, 13 Nov 2018 05:40:15 PST I was designing a website for a client. Over time, the client requested lots of little changes to the content. One weird result of this, though, is that any photos that included women were slowly removed. Client: Could you remove that person in this photo?Me: Okay, but that means there are now no more women on the website?Client: That’s fine, we’re not marketing just for women. We’re not sexist! Full Article breasts and brains
business and finance My department manager was looking for an intern:Boss: It doesn’t have to be a graphic designer, just... By feedproxy.google.com Published On :: Tue, 13 Nov 2018 07:20:21 PST My department manager was looking for an intern:Boss: It doesn’t have to be a graphic designer, just someone that can use Adobe Illustrator efficiently and has an eye for detail and composition.Me: So… a designer? Full Article ridiculous request
business and finance I’m a photographer and aspiring photo archivist. I was asked to digitize photos that were on display... By feedproxy.google.com Published On :: Wed, 14 Nov 2018 05:40:16 PST I’m a photographer and aspiring photo archivist. I was asked to digitize photos that were on display at a funeral/viewing. There were 65 photos.Me: Sure, I could have this done pretty soon, no problem!Client: Great! I didn’t have tape and didn’t want to use glue, so (with pride in their voice) guess what I used?Me: (with pronounced fear in my voice) Uh… what?Client: Toothpaste!What was going to be an hour and a half project turned into two days of scraping and cleaning photos. Full Article ignoramus
business and finance Just ran into this gem at a Facebook group for entrepreneurs and employment opportunities. Client:... By feedproxy.google.com Published On :: Wed, 14 Nov 2018 07:20:19 PST Just ran into this gem at a Facebook group for entrepreneurs and employment opportunities. Client: Hello! My business partner and I are seeking a couple of talented writers for a new online magazine we are creating. This would be an unpaid intern position, but you can work remotely and this would also be a great opportunity to gain some exposure and writing experience. Message me if you’re interested for details.The comment section was breathtaking. I made some popcorn and refreshed it all night. Full Article payday mayday
business and finance "Can I get these double-sided?" By feedproxy.google.com Published On :: Thu, 15 Nov 2018 05:40:16 PST “Can I get these double-sided?” - A client asking for fridge magnets. Full Article ridiculous request
business and finance Dear Tumblr By feedproxy.google.com Published On :: Thu, 15 Nov 2018 07:20:20 PST We’ve had a lot of good times. We really have. But lately, we’ve been feeling like… there’s more out there. And it’s not that we don’t love you, it’s just that we feel like we’ve been in a rut. Links haven’t been working, service has been out… things like that.And there’s no easy way to say this, but we’re leaving you. We’ll still be around (at https://clientsfromhell.net) but we just won’t be with you, Tumblr. We’re sorry, but we really feel that this is for the best. We can stay friends. On Facebook. Or you can see what we’re up to on Twitter. And hey - if we run into each other on Instagram or some other platform someday, say hi! We’d love to hear from you, Tumblr. Really we would.It’s okay to be sad, but let’s remember the good times. The likes, the reblogs. We’ve had a lot of fun, but not everything lasts forever and that’s okay. Goodbye, Tumblr. We wish you all the best. Full Article no goodbyes only farewells
business and finance See your name in lights: Maddy Osman and building your bylines By feedproxy.google.com Published On :: Mon, 26 Nov 2018 15:31:32 PST Maddy Osman knows how to sell herself and her services. That’s because she started out in sales before becoming a full-time freelance copywriter and SEO specialist! In this week’s episode, she tells Kyle how she built her business by doing (gasp!) free work, and why sometimes it’s worth building that byline. Today’s links: https://www.the-blogsmith.com/ https://twitter.com/MaddyOsman Theme song by topmen.bandcamp.com! – Want to support the show? This episode is brought to you by Easel.ly, an infographic design service that transforms raw data into clear, interesting images. You can see their work on Clients From Hell! Think you’d be a great fit for the show? Let me know at twitter.com/KCarCFH Leave us a review on Apple Podcasts or recommend us to a friend. It helps immensely. Download here! Full Article podcast
business and finance Clients From Hell: Origins By feedproxy.google.com Published On :: Tue, 11 Dec 2018 02:03:37 PST Today’s episode is with none other than Vernon Southward, the owner and operator of (gasp!) Clients From Hell itself! Kyle tries not to offend his boss as they chat about Vernon’s beginnings as a freelancer and the path that led him to acquiring and building Clients From Hell, as well as directions the site will take in the coming years! Vernon is a profoundly talented entrepreneur and a font of wisdom - and we’re not just saying that because he owns the place. Check it out! Today’s links: https://clientsfromhell.net https://www.linkedin.com/in/vernonsouthward/ https://easel.ly Theme song by topmen.bandcamp.com! – Want to support the show? This episode is brought to you by Easel.ly, an infographic design service that transforms raw data into clear, interesting images. You can see their work on Clients From Hell! Think you’d be a great fit for the show? Let me know at twitter.com/KCarCFH Leave us a review on Apple Podcasts or recommend us to a friend. It helps immensely. Download here! Full Article podcast
business and finance Make the most of your day at work and play: Josh Hoffman and time management! By feedproxy.google.com Published On :: Tue, 08 Jan 2019 07:05:02 PST It’s 2019 and that means you’ve at least thought about having a New Year’s resolution! How does working more efficiently and freeing up two of your hours a day strike you? Josh Hoffman is a productivity expert who talks Kyle through his daily routine, offering tips on how to maximize productivity both at work and in play! Learn how to plan vertically, build good habits, and forgive yourself! Today’s links: https://www.hackmytime.co http://www.joshoffman.com/ https://twitter.com/jhoff89 https://easel.ly Theme song by topmen.bandcamp.com! – Want to support the show? This episode is brought to you by Easel.ly, an infographic design service that transforms raw data into clear, interesting images. You can see their work on Clients From Hell! Think you’d be a great fit for the show? Let me know at twitter.com/KCarCFH Leave us a review on Apple Podcasts or recommend us to a friend. It helps immensely. Download here! Full Article podcast
business and finance Why there are NO clients from Hell: Rachel Gertz and managing people! By feedproxy.google.com Published On :: Tue, 22 Jan 2019 02:05:22 PST At her company Louder Than Ten, Rachel Gertz teaches people how to manage projects; that means getting people on board, on task, and on message in a hurry. She firmly believes that there is no such thing as a client from hell for one very simple and surprising reason she shares in the episode! Looking for a lift? Rachel is endlessly upbeat and positive and has some winning strategies that will make you better at dealing with clients AND yourself! Today’s links: https://louderthanten.com/ https://twitter.com/TheStrayMuse Theme song by topmen.bandcamp.com! – Want to support the show? This episode is brought to you by Easel.ly, an infographic design service that transforms raw data into clear, interesting images. You can see their work on Clients From Hell! Think you’d be a great fit for the show? Let me know at twitter.com/KCarCFH Leave us a review on Apple Podcasts or recommend us to a friend. It helps immensely. Download here! Full Article podcast
business and finance Want to succeed? Look in the mirror: Stephen Warley and life skills as business skills By feedproxy.google.com Published On :: Tue, 05 Feb 2019 06:42:54 PST Stephen Warley of Life Skills That Matter believes that the key to being happy and successful is knowing yourself. Unfortunately, self-reflection is typically the LAST thing on most of our to-do lists! On today’s episode, Stephen talks to Kyle about how the best business skills you can develop as an independent worker are life skills, and how to make sure you’re being honest with yourself about who you are and what you want to do. Today’s links: https://lifeskillsthatmatter.com/author/stephen-warley/ https://twitter.com/stephenwarley https://lifeskillsthatmatter.com/accelerator/ Theme song by topmen.bandcamp.com! – Want to support the show? This episode is brought to you by Easel.ly, an infographic design service that transforms raw data into clear, interesting images. You can see their work on Clients From Hell! Think you’d be a great fit for the show? Let me know at twitter.com/KCarCFH Leave us a review on Apple Podcasts or recommend us to a friend. It helps immensely. Download here! Full Article podcast
business and finance Don't be Just Another Freelancer. Instead, listen to Kaylee White! By feedproxy.google.com Published On :: Wed, 20 Feb 2019 02:07:37 PST If you want to succeed as a freelancer, you can’t compete for scraps. That’s the message that Kaylee White of Kaylee Writes puts forth in her new book, How Not to Be Just Another Freelancer, but how do you find the GOOD clients that will push you and your business into the next level? Kaylee talks with Kyle about what it means to step away from the pack and run a successful business for yourself, and the very important steps you need to take to do so! Today’s links: https://www.kayleewrites.com/ Kaylee Writes Youtube channel How Not to Be Just Another Freelancer! Theme song by topmen.bandcamp.com! – Want to support the show? This episode is brought to you by Easel.ly, an infographic design service that transforms raw data into clear, interesting images. You can see their work on Clients From Hell! Think you’d be a great fit for the show? Let me know at twitter.com/KCarCFH Leave us a review on Apple Podcasts or recommend us to a friend. It helps immensely. Download here! Full Article podcast
business and finance Break the Creative's Curse with Todd Brison! By feedproxy.google.com Published On :: Wed, 06 Mar 2019 13:11:23 PST What’s keeping YOU from being creative? Discipline? Scheduling? Good old fashioned “writer’s block”? Todd Brison has made a name for himself by tackling these problems head-on and discovering how to make the most of your muse. In his extremely popular posts on Medium and his two amazing books The Unstoppable Creative and The Creative’s Curse, he breaks down strategies for doing creative work whenever you need! This episode is like one of the best creative coaching sessions you’ll ever get. Tune in! Today’s links: https://www.toddbrison.com/ https://medium.com/@ToddBrison https://twitter.com/ToddBrison https://www.amazon.com/dp/B01GGPDLY4 Theme song by topmen.bandcamp.com! – Want to support the show? Order a custom infographic from Easel.ly! Use this link (https://www.easel.ly/infographicdesign/) for a great price! Think you’d be a great fit for the show? Let me know at twitter.com/KCarCFH Leave us a review on Apple Podcasts or recommend us to a friend. It helps immensely. Download here! Full Article podcast
business and finance Dare to DREAM: Ami Sanyal and how to pitch value-based pricing. By feedproxy.google.com Published On :: Tue, 19 Mar 2019 02:03:12 PDT Value-based pricing is the holy grail of freelancing. It’s how you make a lot of money by showing your clients that you can give them results. It’s also not easy to make the switch to this pricing structure! Returning guest Ami Sanyal shares his DREAM framework for getting clients on board with paying you more! Ami walks you through: Discovery Repel Establish Packages Address Risk Money Ami breaks down this approach, and how he was able to transform his agency with this approach! Want Ami’s script for this approach? Text EZGROW to 393939 for a step-by-step guide! Today’s links: https://uncommonersclub.com/ https://twitter.com/amisanyal https://easel.ly/infographicdesign Theme song by topmen.bandcamp.com! – Want to support the show? Order a custom infographic from Easel.ly! Use this link (https://www.easel.ly/infographicdesign/) for a great price! Think you’d be a great fit for the show? Let me know at twitter.com/KCarCFH Leave us a review on Apple Podcasts or recommend us to a friend. It helps immensely. Download here! Full Article podcast
business and finance How to find your "Helen": Alison Knott and recognizing your ideal client By feedproxy.google.com Published On :: Tue, 02 Apr 2019 14:29:35 PDT The key to success in freelancing is realizing how to find the right clients - the people who are not only great to work with, but actually have money to pay you. Alison Knott is a web consultant who mentors creatives, and she knows all the mistakes that freelancers make: targeting the wrong clients, the wrong platforms, the wrong rewards. In this episode, she shares the decisions you have to make right now to start making money! Today’s links: https://eraserheader.com/ https://twitter.com/Eraserheader https://e3chalifax.ca/ https://easel.ly/infographicdesign Theme song by topmen.bandcamp.com! Want to support the show? Order a custom infographic from Easel.ly! Use this link (https://www.easel.ly/infographicdesign/) for a great price! Think you’d be a great fit for the show? Let me know at twitter.com/KCarCFH Leave us a review on Apple Podcasts or recommend us to a friend. It helps immensely. Download here! Full Article podcast
business and finance Don't sell service, sell STRATEGY: Annabelle King's tips for great pitching By feedproxy.google.com Published On :: Tue, 16 Apr 2019 02:01:49 PDT When pitching your work, most creative freelancers sell their skills or their services. However, the key to landing big clients is to show that you’re an indispensable part of their team by selling strategy. Anabelle King realized this over years of working at agencies, and now she lands big clients with her boutique branding business I Like Storytelling. She shares her strats for creating a collaborative relationship with her clients in today’s episode! Today’s links: https://www.ilikestorytelling.com/ https://twitter.com/annabelletweet https://easel.ly/infographicdesign Theme song by topmen.bandcamp.com! Want to support the show? Order a custom infographic from Easel.ly! Use this link (https://www.easel.ly/infographicdesign/) for a great price! Think you’d be a great fit for the show? Let me know at twitter.com/KCarCFH Leave us a review on Apple Podcasts or recommend us to a friend. It helps immensely. Download here! Full Article podcast
business and finance 10 Online Slot Tips By feedproxy.google.com Published On :: Thu, 07 May 2020 20:03:42 +0000 There are lots of reasons as to why we love online slots games, but there … The post 10 Online Slot Tips appeared first on Pink Is The New Blog. Full Article Entertainment
business and finance Should Anyone Ever File Personal Bankruptcy? By feedproxy.google.com Published On :: Thu, 18 Jul 2019 01:35:08 +0000 Financial planners have a big hate going for bankruptcy. They almost universally nay-say it and point to the many alternatives. CPAs and attorneys, on the other hand, often speak of the advantages to filing bankruptcy and are quick to point out the “fresh start” aspect of the move. But it’s a fact that too many... Keep Reading Full Article Credit
business and finance Should You Incorporate Your Small Business? By feedproxy.google.com Published On :: Fri, 26 Jul 2019 03:05:00 +0000 Millions of small business owners dream of incorporating. They’ve heard or read that incorporation is the “holy grail” of the world of commerce and has the power to bestow wealth the likes of Steph Curry’s net worth, happiness, and sound sleep. For decades, there has been a ton of misinformation floating around about what it... Keep Reading Full Article Managing Money
business and finance Five Ways Social Media Marketing Can Help Grow Your Rental Property Business By feedproxy.google.com Published On :: Fri, 20 Sep 2019 19:33:45 +0000 Believe it or not, social media is a valuable marketing tool for real estate businesses. Many landlords, property managers, and real estate agents use it for marketing their businesses and attracting more customers. If you haven’t been using social media to promote your rental properties, you’re likely missing out on a variety of benefits. Let’s take... Keep Reading Full Article Investments
business and finance 4 Ways To Check Your Investment Advisor’s Reputation By feedproxy.google.com Published On :: Thu, 31 Oct 2019 17:56:54 +0000 The right investment professional can be a tremendous asset. However, handing control of your money over to someone else can be a risky proposition. With so much on the line, it is vital to ensure you are working with a reputable investment adviser. Fortunately, there are steps you can take to help you select an... Keep Reading Full Article Investments
business and finance Complex money issues? Make it easy with Iban Wallet By feedproxy.google.com Published On :: Sat, 23 Nov 2019 05:42:54 +0000 No one is a stranger to financial challenges and problems. They tend to happen with people in different degrees and at separate points in time for that matter. We can unanimously agree that we need money to achieve many of our goals but also for financial independence at the same time. When we refer to... Keep Reading Full Article Managing Money
business and finance Six Tips for Financing Investment Property By feedproxy.google.com Published On :: Mon, 10 Feb 2020 11:52:45 +0000 Investing in rental properties can be both profitable and worthwhile when done right. In today’s market, a rental property can provide a consistent cash flow now and serve as a valuable long-term investment down the road. However, deciding to take the leap and buy a rental property is just the beginning. Novice real estate investors... Keep Reading Full Article Investments Best way to finance an investment property How to finance an investment property
business and finance Investing for Beginners With Little Money By feedproxy.google.com Published On :: Sat, 22 Feb 2020 16:01:08 +0000 Investing is a smart way of making your money work for you. When starting out, people are clueless as to when and where to invest, and especially how to invest. One false notion that people believe in is that you need a lot of money to start investing properly, at least a substantial amount. But... Keep Reading Full Article Investments How do I start investing money invest with little money
business and finance Managing Your Money to Enjoy Life Today and Tomorrow By feedproxy.google.com Published On :: Sun, 15 Mar 2020 17:22:35 +0000 Nearly two-thirds of the workforce is one paycheck away from poverty. If you think about it, those are unbelievable statistics. This number consists of those who make modest amounts of money and those who make exceptional amounts of money. What this reveals is that far too many people don’t understand how to manage money. Listed... Keep Reading Full Article Managing Money
business and finance Funding Your Side Hustle Without Going Into Serious Debt By feedproxy.google.com Published On :: Sun, 15 Mar 2020 17:26:56 +0000 This day and age, most people have more than one income source to afford the lifestyles they want (and to pay for things they need). Working a full-time job and supporting a family can take up a great deal of time and energy, which is why most opt to start a side hustle. From cutting... Keep Reading Full Article Managing Money
business and finance Sometimes You Just Need a New Wallet (And Other Life Lessons) By feedproxy.google.com Published On :: Thu, 23 Apr 2020 02:43:46 +0000 There’s a lot of financial advice out there – and some of it is really, really good. We like to think that we publish some of it. We like to think that some of it finds its way home to readers like you and is found helpful. But today, members of our contributing staff (who... Keep Reading Full Article Managing Money
business and finance Be Here Now: 2 Tools To Get Present NOW By www.forbes.com Published On :: Mon, 17 Jun 2019 08:48:00 +0000 Are you truly present with yourself or are you distracted, thinking about what you have to do later, checking your mobile phone, basically not “with” yourself? Is it uncomfortable to be alone, to do nothing, to have space and no immediate thing that’s consuming your focus? Full Article byline=Christine Comaford
business and finance 76% Of People Think Mentors Are Important, But Only 37% Have One By www.forbes.com Published On :: Wed, 03 Jul 2019 15:28:00 +0000 Mentors provide a wealth of knowledge and experience to us, they guide us through challenges and increase our likelihood of success, they lift us up and take our success personally. They are invaluable. So why do only 37% of professionals have one? Full Article byline=Christine Comaford
business and finance The Neuroscience of Motivation: Why We Do What We Do [Infographics] By www.forbes.com Published On :: Sun, 14 Jul 2019 21:33:00 +0000 If only you knew how to make your employees care as much as you do. If only you knew how to motivate them. Then, they'd be more productive, more enthusiastic. Here's the simple and direct great leaders motivate a team member. Full Article byline=Christine Comaford
business and finance What Keeping Secrets Does To Your Brain By www.forbes.com Published On :: Mon, 29 Jul 2019 14:27:00 +0000 New research now reveals the truth behind secrets—and it’s not what you’d expect. First, 97% of people have one or more secrets at any given time. But most common is 13 secrets per person… whoa! What does keeping a secret do to your brain? Here are the 2 biggest problems. Full Article byline=Christine Comaford
business and finance Health vs. Wealth? Public Health Policies and the Economy During Covid-19 -- by Zhixian Lin, Christopher M. Meissner By www.nber.org Published On :: We study the impact of non-pharmaceutical policy interventions (NPIs) like “stay-at-home” orders on the spread of infectious disease. NPIs are associated with slower growth of Covid-19 cases. NPIs “spillover” into other jurisdictions. NPIs are not associated with significantly worse economic outcomes measured by job losses. Job losses have been no higher in US states that implemented “stay-at-home” during the Covid-19 pandemic than in states that did not have “stay-at-home”. All of these results demonstrate that the Covid-19 pandemic is a common economic and public health shock. The tradeoff between the economy and public health today depends strongly on what is happening elsewhere. This underscores the importance of coordinated economic and public health responses. Full Article
business and finance Did COVID-19 Improve Air Quality Near Hubei? -- by Douglas Almond, Xinming Du, Shuang Zhang By www.nber.org Published On :: Ambient pollution is a byproduct of economic activity. It has been widely reported that COVID-19 and associated lockdowns have generated large improvements in air quality worldwide, including to China's notoriously-poor air quality. We analyze China's official pollution monitor data and account for the large, recurrent improvement in air quality following Lunar New Year (LNY), which essentially coincided with lockdowns in 2020. With the important exception of NO2, China's air quality improvements in 2020 are smaller than we should expect near the pandemic's epicenter: Hubei province. Compared with LNY improvements experienced in 2018 and 2019 in Hubei, we see smaller improvements in SO2 while ozone concentrations increased in both relative and absolute terms (roughly doubling). Similar patterns are found for the six provinces neighboring Hubei. We conclude that whether COVID-19 actually decreased pollution in China depends on the pollutant and reference period considered. Full Article
business and finance Global Behaviors and Perceptions at the Onset of the COVID-19 Pandemic -- by Thiemo R. Fetzer, Marc Witte, Lukas Hensel, Jon Jachimowicz, Johannes Haushofer, Andriy Ivchenko, Stefano Caria, Elena Reutskaja, Christopher P. Roth, Stefano Fiorin, Margarita G By www.nber.org Published On :: We conducted a large-scale survey covering 58 countries and over 100,000 respondents between late March and early April 2020 to study beliefs and attitudes towards citizens’ and governments’ responses to the COVID-19 pandemic. Most respondents reacted strongly to the crisis: they report engaging in social distancing and hygiene behaviors, and believe that strong policy measures, such as shop closures and curfews, are necessary. They also believe that their government and their country’s citizens are not doing enough and underestimate the degree to which others in their country support strong behavioral and policy responses to the pandemic. The perception of a weak government and public response is associated with higher levels of worries and depression. Using both cross-country panel data and an event-study, we additionally show that strong government reactions correct misperceptions, and reduce worries and depression. Our findings highlight that policy-makers not only need to consider how their decisions affect the spread of COVID-19, but also how such choices influence the mental health of their population. Full Article
business and finance Is the Supply of Charitable Donations Fixed? Evidence from Deadly Tornadoes -- by Tatyana Deryugina, Benjamin M. Marx By www.nber.org Published On :: Do new societal needs increase charitable giving or simply reallocate a fixed supply of donations? We study this question using IRS datasets and the natural experiment of deadly tornadoes. Among ZIP Codes located more than 20 miles away from a tornado's path, donations by households increase by over $1 million per tornado fatality. We find no negative effects on charities located in these ZIP Codes, with a bootstrapped confidence interval that rejects substitution rates above 16 percent. The results imply that giving to one cause need not come at the expense of another. Full Article
business and finance Generosity Across the Income and Wealth Distributions -- by Jonathan Meer, Benjamin A. Priday By www.nber.org Published On :: Despite widespread interest, there is little systematic evidence on the relationship between income, wealth, and charitable giving. We use the Panel Study of Income Dynamics to provide descriptive statistics on this relationship. We find that, irrespective of specification, donative behavior increases with greater resources. Full Article
business and finance Inequality and the Safety Net Throughout the Income Distribution, 1929-1940 -- by James J. Feigenbaum, Price V. Fishback, Keoka Grayson By www.nber.org Published On :: We explored two measures of inequality that described the full income distribution in cities. One measure is an income gini based on family incomes in 1929 for 33 cities and in 1933 for up to 48 cities in 1933 were spread throughout the country. We also estimated gini coefficients that made use of contract rents for renters and implicit rents for home owners for up to 955 cities throughout the country. We were able to expand to all counties when looking at a top-end inequality measure, the number of taxpayers per family. All three measures varied substantially across the country. We show the correlations between the various measures and also estimate the relationship between the measures and various relief programs developed by governments at all levels during the period. Full Article
business and finance Interest Rate Uncertainty as a Policy Tool -- by Fabio Ghironi, G. Kemal Ozhan By www.nber.org Published On :: We study a novel policy tool—interest rate uncertainty—that can be used to discourage inefficient capital inflows and to adjust the composition of external accounts between short-term securities and foreign direct investment (FDI). We identify the trade-offs faced in navigating between external balance and price stability. The interest rate uncertainty policy discourages short-term inflows mainly through portfolio risk and precautionary saving channels. A markup channel generates net FDI inflows under imperfect exchange rate pass-through. We further investigate new channels under different assumptions about the irreversibility of FDI, the currency of export invoicing, risk aversion of outside agents, and effective lower bound in the rest of the world. Under every scenario, uncertainty policy is inflationary. Full Article
business and finance The Environmental Bias of Trade Policy -- by Joseph S. Shapiro By www.nber.org Published On :: This paper documents a new fact, then analyzes its causes and consequences: in most countries, import tariffs and non-tariff barriers are substantially lower on dirty than on clean industries, where an industry’s “dirtiness” is defined as its carbon dioxide (CO2) emissions per dollar of output. This difference in trade policy creates a global implicit subsidy to CO2 emissions in internationally traded goods and so contributes to climate change. This global implicit subsidy to CO2 emissions totals several hundred billion dollars annually. The greater protection of downstream industries, which are relatively clean, substantially accounts for this pattern. The downstream pattern can be explained by theories where industries lobby for low tariffs on their inputs but final consumers are poorly organized. A quantitative general equilibrium model suggests that if countries applied similar trade policies to clean and dirty goods, global CO2 emissions would decrease and global real income would change little. Full Article
business and finance The Value of Time: Evidence From Auctioned Cab Rides -- by Nicholas Buchholz, Laura Doval, Jakub Kastl, Filip Matějka, Tobias Salz By www.nber.org Published On :: We estimate valuations of time using detailed consumer choice data from a large European ride hail platform, where drivers bid on trips and consumers choose between a set of potential rides with different prices and waiting times. We estimate consumer demand as a function of prices and waiting times. While demand is responsive to both, price elasticities are on average four times higher than waiting-time elasticities. We show how these estimates can be mapped into values of time that vary by place, person, and time of day. Regarding variation within a day, the value of time during non-work hours is 16% lower than during work hours. Regarding the spatial dimension, our value of time measures are highly correlated both with real estate prices and urban GPS travel flows. A variance decomposition reveals that most of the substantial heterogeneity in the value of time is explained by individual differences as opposed to place or time of day. In contrast with other studies that focus on long run choices we do not find evidence of spatial sorting. We apply our measures to quantify the opportunity cost of traffic congestion in Prague, which we estimate at $483,000 per day. Full Article
business and finance Steering Incentives of Platforms: Evidence from the Telecommunications Industry -- by Brian McManus, Aviv Nevo, Zachary Nolan, Jonathan W. Williams By www.nber.org Published On :: We study the trade-offs faced by Internet Service Providers (ISPs) that serve as platforms through which consumers access both television and internet services. As online streaming video improves, these providers may respond by attempting to steer consumers away from streaming video toward their own TV services, or by attempting to capture surplus from this improved internet content. We augment the standard mixed bundling model to demonstrate the trade-offs the ISP faces when dealing with streaming video, and we show how these trade-offs change with the pricing options available to the ISP. Next, we use unique household-level panel data and the introduction of usage-based pricing (UBP) in a subset of markets to measure consumers' responses and to evaluate quantitatively the ISP's trade-offs. We find that the introduction of UBP led consumers to upgrade their internet service plans and lower overall internet usage. Our findings suggest that while steering consumers towards TV services is possible, it is likely costly for the ISP and therefore unlikely to be profitable. This is especially true if the ISP can offer rich pricing menus that allow it to capture some of the surplus generated by a better internet service. The results suggest that policies like UBP can increase ISPs' incentive to maintain open access to new internet content. Full Article
business and finance Optimal Bailouts and the Doom Loop with a Financial Network -- by Agostino Capponi, Felix C. Corell, Joseph E. Stiglitz By www.nber.org Published On :: Banks usually hold large amounts of domestic public debt which makes them vulnerable to their own sovereign’s default risk. At the same time, governments often resort to costly public bailouts when their domestic banking sector is in trouble. We investigate how the interbank network structure and the distribution of sovereign debt holdings jointly affect the optimal bailout policy in the presence of this "doom loop". Rescuing banks with high domestic sovereign exposure is optimal if these banks are sufficiently central in the network, even though that requires larger bailout expenditures than rescuing low-exposure banks. Our findings imply that highly central banks can use exposure to their own government as a strategic tool to increase the likelihood of being bailed out. Our model thus illustrates how the "doom loop" exacerbates the "too interconnected to fail" problem in banking. Full Article
business and finance Expected Profits and The Scientific Novelty of Innovation -- by David Dranove, Craig Garthwaite, Manuel I. Hermosilla By www.nber.org Published On :: Innovation policy involves trading off monopoly output and pricing in the short run in exchange for incentives for firms to develop new products in the future. While existing research demonstrates that expected profits fuel R&D investments, little is known about the novelty of the projects funded by these investments. Relying on data that describe the scientific approaches used by a large sample of experimental drug projects, we expand on this literature by examining the scientific novelty of pharmaceutical R&D investments following the creation of the Medicare Part D program. We find little evidence that the positive demand shock implied by this program prompted firms to undertake scientifically novel R&D activity, as measured by whether the specific scientific approach had been used before. However, we find some evidence that firms invested in products involving novel combinations of scientific approaches. These estimates can inform economists and policymakers assessing the tradeoffs associated with marginal changes in commercial returns from newly developed pharmaceutical products. Full Article
business and finance Changes in Black-White Inequality: Evidence from the Boll Weevil -- by Karen Clay, Ethan J. Schmick, Werner Troesken By www.nber.org Published On :: This paper investigates the effect of a large negative agricultural shock, the boll weevil, on black-white inequality in the first half of the twentieth century. To do this we use complete count census data to generate a linked sample of fathers and their sons. We find that the boll weevil induced enormous labor market and social disruption as more than half of black and white fathers moved to other counties following the arrival of the weevil. The shock impacted black and white sons differently. We compare sons whose fathers initially resided in the same county and find that white sons born after the boll weevil had similar wages and schooling outcomes to white sons born prior to its arrival. In contrast, black sons born after the boll weevil had significantly higher wages and years of schooling, narrowing the black-white wage and schooling gaps. This decrease appears to have been driven by relative improvements in early life conditions and access to schooling both for sons of black fathers that migrated out of the South and sons of black fathers that stayed in the South. Full Article
business and finance Employer Policies and the Immigrant-Native Earnings Gap -- by Benoit Dostie, Jiang Li, David Card, Daniel Parent By www.nber.org Published On :: We use longitudinal data from the income tax system to study the impacts of firms’ employment and wage-setting policies on the level and change in immigrant-native wage differences in Canada. We focus on immigrants who arrived in the early 2000s, distinguishing between those with and without a college degree from two broad groups of countries – the U.S., the U.K. and Northern Europe, and the rest of the world. Consistent with a growing literature based on the two-way fixed effects model of Abowd, Kramarz, and Margolis (1999), we find that firm-specific wage premiums explain a significant share of earnings inequality in Canada and contribute to the average earnings gap between immigrants and natives. In the decade after receiving permanent status, earnings of immigrants rise relative to those of natives. Compositional effects due to selective outmigration and changing participation play no role in this gain. About one-sixth is attributable to movements up the job ladder to employers that offer higher pay premiums for all groups, with particularly large gains for immigrants from the “rest of the world” countries. Full Article
business and finance A New Method for Estimating Teacher Value-Added -- by Michael Gilraine, Jiaying Gu, Robert McMillan By www.nber.org Published On :: This paper proposes a new methodology for estimating teacher value-added. Rather than imposing a normality assumption on unobserved teacher quality (as in the standard empirical Bayes approach), our nonparametric estimator permits the underlying distribution to be estimated directly and in a computationally feasible way. The resulting estimates fit the unobserved distribution very well regardless of the form it takes, as we show in Monte Carlo simulations. Implementing the nonparametric approach in practice using two separate large-scale administrative data sets, we find the estimated teacher value-added distributions depart from normality and differ from each other. To draw out the policy implications of our method, we first consider a widely-discussed policy to release teachers at the bottom of the value-added distribution, comparing predicted test score gains under our nonparametric approach with those using parametric empirical Bayes. Here the parametric method predicts similar policy gains in one data set while overestimating those in the other by a substantial margin. We also show the predicted gains from teacher retention policies can be underestimated significantly based on the parametric method. In general, the results highlight the benefit of our nonparametric empirical Bayes approach, given that the unobserved distribution of value-added is likely to be context-specific. Full Article