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Measuring the Value of Disability Insurance from Take-Up Decisions
The central trade-off for designing Disability Insurance (DI) is between providing insurance to those in need while maintaining incentives to work. This paper develops a novel revealed-preference approach to identify the insurance value of DI benefits. We show that comparing the DI take-up response to a change in benefits versus a change in wages identifies…
Iran says civilian infrastructure hit by latest wave of U.S. strikes
In this handout photo by Morteza Akhoundi via Getty Images, a damaged bridge lies in a riverbed, following U.S. airstrikes carried out a day earlier, on July 17, 2026 in the southern Hormozgan Province, Iran. Contributor | Getty Images News | Getty Images Iran on Friday claimed it had targeted U.S. military forces in Syria…
Iceland joins TIPS for instant payments
24 June 2026 Icelandic króna will be fifth currency available for settling instant payments through TARGET services ECB and Seðlabanki Íslands agreement will take effect as of 2028 The European Central Bank (ECB) and Seðlabanki Íslands today signed an agreement for Iceland to join the Eurosystem’s TARGET Instant Payment Settlement (TIPS) system. This will allow…
Multi-Project Collaborations | NBER
We thank Daniel Barron, Alexander Bloedel, Alessandro Bonatti, Renee Bowen, David Byrne, Yifan Dai, Joyee Deb, Wouter Dessein, Glenn Ellison, Dana Foarta, Guillaume Fréchette, George Giorgiadis, Robert Gibbons, Marina Halac, Johannes Horner, Matthias Lang, Alessandro Lizzeri, Jin Li, Rocco Macchiavello, Chiara Margaria, Simone Meraglia, Stephen Morris, Aroon Narayanan, Juan Ortner, Jacopo Perego, Hazhir Rahmandad, Daniel…
A massive lettuce recall hits home as local restaurants shake up their salad menus
Some independent restaurants are throwing out all their bagged lettuce, while others have found ways to keep serving customers their leafy greens.
Index-linked Treasury Stock
Index-linked treasury stocks are gilts issued by the UK Government. They pay out twice a year, with the amount indexed to the Retail Prices Index.
