Valuable Experience: How University Internships Affect Graduates’ Income

How Does Monetary Policy Affect Household Income Distribution?

Over the last decades the research on monetary policy has largely concentrated on the impact of monetary authorities’ decisions on inflation and the fine-tuning of the macroeconomic, so that distributional effects of monetary policy which are non-trivial has been ignored. A view that has become increasingly popular since the financial crisis 2008 is that expansionary monetary policy can exacerb...

Assigning Israeli medical graduates to internships

BACKGROUND Physicians in Israel are required to do an internship in an accredited hospital upon completion of the medical studies, and prior to receiving the medical license. For most students, the assignment is determined by a lottery, which takes into consideration the preferences of these students. OBJECTIVES We propose a novel way to perform this lottery, in which (on average) a larger nu...

How Does Future Income Affect Current Consumption?*

This paper tests a straightforward implication of the basic Life Cycle model of consumption: that current consumption depends on expected lifetime income. The paper projects future income for a panel of households and finds that consumption is closely related to current income, but unrelated to predictable changes in income. However, future income uncertainty has an important effect: consumers ...

How Do Pain Genes Affect Pain Experience?

Pain genetics is a relatively young field in pain research, and it faced much skepticism from both pain scientists studying basic mechanisms of pain who were unfamiliar with genetic approaches and human geneticists who considered pain to be too subjective, too immeasurable, and too unstable to be regarded as a genetic trait. Just ten years ago, we, the authors, had to defend our ground and grad...

How Do Age and Gender Affect University Students’ Experience and Outcomes?