Mark Doms
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View article: Subprime Mortgage Delinquency Rates
Subprime Mortgage Delinquency Rates Open
We evaluate the importance of three different channels for explaining the recent performance of subprime mortgages. First, the riskiness of the subprime borrowing pool may have increased. Second, pockets of regional economic weakness may h…
View article: Innovations in Mortgage Markets and Increased Spending on Housing
Innovations in Mortgage Markets and Increased Spending on Housing Open
Innovations in the mortgage market since the mid-1990s have effectively reduced a number of financing constraints. Coinciding with these innovations, we document a significant change in the propensity for households to own their homes, as …
View article: Endogenous Skill Bias in Technology Adoption: City-Level Evidence from the IT Revolution
Endogenous Skill Bias in Technology Adoption: City-Level Evidence from the IT Revolution Open
This paper focuses on the bi-directional interaction between technology adoption and labor market conditions.We examine cross-city differences in PC-adoption, relative wages, and changes in relative wages over the period 1980-2000 to evalu…
View article: Endogenous Skill Bias in Technology Adoption: City-Level Evidence from the IT Revolution
Endogenous Skill Bias in Technology Adoption: City-Level Evidence from the IT Revolution Open
This paper focuses on the bi-directional interaction between technology adoption and labor market conditions. We examine cross-city differences in PC adoption, relative wages, and changes in relative wages over the period 1980-2000 to eval…
View article: Labor Supply and Personal Computer Adoption
Labor Supply and Personal Computer Adoption Open
The positive correlations found between computer use and human capital are often interpreted as evidence that the adoption of computers has raised the relative demand for skilled labor, the widely touted skill-biased technological change h…
View article: Labor Supply and Personal Computer Adoption
Labor Supply and Personal Computer Adoption Open
The positive correlations found between computer use and human capital are often interpreted as evidence that the adoption of computers have raised the relative demand for skilled labor, the widely touted skill-biased technological change …
View article: Labor supply and personal computer adoption
Labor supply and personal computer adoption Open
The positive correlations found between computer use and human capital are often interpreted as evidence that the adoption of computers have raised the relative demand for skilled labor, the widely touted skill-biased technological change …
View article: Consumer Sentiment, the Economy, and the News Media
Consumer Sentiment, the Economy, and the News Media Open
The news media affect consumers' perceptions of the economy through three channels. First, the news media convey the latest economic data and the opinions of professionals to consumers. Second, consumers receive a signal a…
View article: Consumer Sentiment, the Economy, and the News Media
Consumer Sentiment, the Economy, and the News Media Open
The news media affects consumers' perceptions of the economy through three channels. First, the news media conveys the latest economic data and the opinions of professionals to consumers. Second, consumers receive a signal about the econom…
View article: How Fast Do Personal Computers Depreciate? Concepts and New Estimates
How Fast Do Personal Computers Depreciate? Concepts and New Estimates Open
This paper provides new estimates of depreciation rates for personal computers using an extensive database of prices of used PCs. Our results show that PCs lose roughly half their remaining value, on average, with each additional year of u…
View article: How Fast Do Personal Computers Depreciate? Concepts and New Estimates
How Fast Do Personal Computers Depreciate? Concepts and New Estimates Open
This paper provides new estimates of depreciation rates for personal computers using an extensive database of prices of used PCs. Our results show that PCs lose roughly half their remaining value, on average, with each additional year of u…
View article: IT Investment and Firm Performance in U.S. Retail Trade
IT Investment and Firm Performance in U.S. Retail Trade Open
We examine the relationship between investments in information technology (IT) and two measures of retail firm performance: labor productivity and productivity growth over the 1992 to 1997 period. We use untapped firm and establishment mic…
View article: How Fast Do Personal Computers Depreciate? Concepts and New Estimates
How Fast Do Personal Computers Depreciate? Concepts and New Estimates Open
This paper provides new estimates of depreciation rates for personal computers (PCs) using an extensive database on prices of used PCs. Our results show that PCs lose roughly half their remaining value, on average, with each additional yea…
View article: Communications Equipment: What Has Happened to Prices?
Communications Equipment: What Has Happened to Prices? Open
This paper examines the prices for communications equipment, an important component of information technology. Unlike prices for computers which officially fall sharply every year, the official prices for communications equipment have bare…
View article: Understanding Productivity: Lessons from Longitudinal Microdata
Understanding Productivity: Lessons from Longitudinal Microdata Open
This paper reviews research that uses longitudinal microdata to document productivity movements and to examine factors behind productivity growth. The research explores the dispersion of productivity across firms and establishments, the pe…
View article: Understanding Productivity: Lessons from Longitudinal Microdata
Understanding Productivity: Lessons from Longitudinal Microdata Open
This paper reviews research that uses longitudinal microdata to document productivity movements and to examine factors behind productivity growth. The research explores the dispersion of productivity across firms and establishments, the pe…
View article: The Effect Of Technology Use On Productivity Growth
The Effect Of Technology Use On Productivity Growth Open
This paper examines the relationship between the use of advanced technologies and productivity and productivity growth rates. We use data from the 1993 and 1988 Survey of Manufacturing Technology (SMT) to examine the use of advanced (compu…
View article: Capital Adjustment Patterns in Manufacturing Plants
Capital Adjustment Patterns in Manufacturing Plants Open
A common result from altering several fundamental assumptions of the neoclassical investment model with convex adjustment costs is that investment may occur in lumpy episodes. This paper takes a step back and asks "How lumpy is the investm…