Purdue University Research Center in Economics (PURCE) research focus areas include competition, crime, education, fiscal policy, health, innovation, market solutions, state policies, trade, and work.
Below, please find recent research stories highlighting the work of our faculty affiliates.
Wednesday, September 7, 2022
Economists typically rely on “correspondence audit studies” to examine discrimination and analyze how different candidate characteristics are valued by employers. Despite its strengths, this approach has some glaring issues that make a new method of obtaining the same important insights invaluable.
Sunday, May 1, 2022
In most countries, traffic accidents are teenagers’ leading cause of death, with risky driving accounting for a large fraction of those teen deaths. Driving restrictions have been implemented by many governments to reduce these risks, with varying degrees of success. New research from Purdue University’s Timothy Moore finds that a ban on nighttime driving with multiple passengers more than halved crashes, casualties, and deaths targeted by the ban.
Wednesday, March 23, 2022
Properly refinancing a mortgage can lead to lower mortgage payments and better interest rates. However, new research shows that refinancing decisions are influenced by one’s neighbors, especially if they belong to the same racial group. In his paper “Household Mortgage Refinancing Decisions Are Neighbor Influenced, Especially Along Racial Lines,” soon to be published in the Journal of Urban Economics, Purdue Assistant Professor of Management W. Ben McCartney and his fellow researchers examine how a homeowner’s immediate neighbors impact mortgage refinancing decisions.
Tuesday, March 1, 2022
International trade is complicated. Thousands of products sourced from dozens of countries involving multiple trading companies can lead to uncertainty about compliance with import regulations. Inspecting shipping containers is critical to ensure a safe trading environment and proper tariff enforcement, but it is difficult for inspecting agencies and inspectors to balance these benefits against the strain that frequent inspections impose on international trade.
Tuesday, March 1, 2022
Balancing the impacts of public policy on people’s health and their wallets has become even more relevant since the onset of the COVID-19 pandemic. Stay-at-home orders were widely implemented in the US to combat the spread of the virus, but their benefits came at costs to employment, earnings, and spending felt by millions of people.
Wednesday, December 1, 2021
New research from Purdue University's Krannert School of Management finds that individuals who are more creative at age 7 tend to have higher career earnings and land in better-quality jobs. Childhood creativity also boosts education attainment. Parents and educators can foster creativity in children by encouraging independent thinking and recognizing creative success.
Wednesday, November 10, 2021
Lawsuits filed in the last few years illustrate a well-founded belief in accounting circles: overstatements in financial reporting are more likely to trigger lawsuits than understatements because it's easier to show investor harm. "If a company understates, people are surprised in a good way," says Jonathan Black, assistant professor of accounting in Krannert School of Management. "The economic reality is better than the picture that was painted in the financial statements, so they are less likely to initiate a lawsuit."