Journal Article
Financial aid and college choice
Owyang, Michael T.; Chiodo, Abbigail J. (2003-08)
National Economic Trends , Issue Aug

Journal Article
Low unemployment: old dogs or new tricks?
Owyang, Michael T.; Chiodo, Abbigail J. (2001-10)
Technology usually gets the credit for the unusually low unemployment of the not-too-distant past. But baby boomers, with all their years' experience, also played a role.
The Regional Economist , Issue Oct , Pages 10-11

Journal Article
Putting off retirement: the rise of the 401(k)
Owyang, Michael T.; Chiodo, Abbigail J. (2002-03)
National Economic Trends , Issue Mar

Journal Article
Symmetric inflation risk
Owyang, Michael T.; Chiodo, Abbigail J. (2003-04)
Monetary Trends , Issue Apr

Journal Article
Marriage, motherhood and money: how do women's life decisions influence their wages?
Owyang, Michael T.; Chiodo, Abbigail J. (2003-04)
Becoming a wife. Becoming a mother. Read how these critical life decisions affect the salary women take home.
The Regional Economist , Issue Apr , Pages 4-9

Journal Article
A case study of a currency crisis: the Russian default of 1998
Owyang, Michael T.; Chiodo, Abbigail J. (2002-11)
This paper uses a currency crisis framework to analyze the currency devaluation and debt default of post-Soviet Russia in August 1998. The authors show that even though the Russian economy recorded positive growth immediately preceding the default, the atmosphere was reflective of an impending crisis. The authors then consider the symptoms of a currency crisis?specifically public and private debt responsibilities, devaluation expectations, and contractionary monetary policy?and show that they were present in Russia at that time. Three generations of currency crisis models are reviewed, ...
Review , Volume 84 , Issue Nov , Pages 7-18

Journal Article
For love or money: why married men make more
Owyang, Michael T.; Chiodo, Abbigail J. (2002-04)
Whether it's because of employer bias or their own hard work, men who've married are paid more than those who've never said "I do."
The Regional Economist , Issue Apr , Pages 10-11

Journal Article
Nonlinear effects of school quality on house prices
Hernandez-Murillo, Ruben; Chiodo, Abbigail J.; Owyang, Michael T. (2010-05)
We reexamine the relationship between quality of public schools and house prices and find it to be nonlinear. Unlike most studies in the literature, we find that the price premium parents must pay to buy a house in an area associated with a better school increases as school quality increases. This is true even after controlling for neighborhood characteristics, such as the racial composition of neighborhoods, which is also capitalized into house prices. In contrast to previous studies that use the boundary discontinuity approach, we find that the price premium from school quality remains ...
Review , Volume 92 , Issue May , Pages 185-204

Journal Article
Monetary policy: the whole country gets the same treatment, but results vary
Owyang, Michael T.; Chiodo, Abbigail J. (2003-01)
The target set by the FOMC for the federal funds rate applies to the entire country. But that single policy has a different impact on different parts of the country, depending on their concentration of interest-sensitive industries.
The Regional Economist , Issue Jan , Pages 12-13

Journal Article
Subjective probabilities: psychological theories and economic applications
Owyang, Michael T.; Guidolin, Massimo; Shimoji, Makoto; Chiodo, Abbigail J. (2004-01)
Abbigail J. Chiodo, Massimo Guidolin, Michael T. Owyang, and Makoto Shimoji> Real-life decisionmakers are often forced to estimate the likelihood of uncertain future events. Usually, economists assume that these agents behave in a fully rational manner, employing statistical rules to assess probabilities, and that they maximize expected utility. Psychological studies, however, have shown that people do not tend to behave as rational models would predict. The authors review three rules of thumb taken from the psychology literature that people rely on when assessing the likelihood of uncertain ...
Review , Volume 86 , Issue Jan , Pages 33-48