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

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

Working Paper
Subjective probabilities: psychological evidence and economic applications
Owyang, Michael T.; Shimoji, Makoto; Guidolin, Massimo; Chiodo, Abbigail J. (2003)
Real-life decision makers are often forced to estimate the likelihood of uncertain future events. Usually, economists assume that agents behave as though they are fully rational, employing statistical rules to assess probabilities, and that they maximize expected utility. Psychological studies, however, have shown that people tend not to adhere to these rationality postulates. We review three rules of thumb taken from the psychology literature that people have been shown to rely on when assessing the likelihood of uncertain events. We construct a simple model of belief formation that ...
Working Papers , Paper 2003-009

Working Paper
Nonlinear hedonics and the search for school district quality
Hernandez-Murillo, Ruben; Owyang, Michael T.; Chiodo, Abbigail J. (2005)
A school?s quality is often inferred from the premium a parent must pay to buy a house associated with a better school. Isolating this effect, however, is difficult because better schools also tend to be located in nicer neighborhoods and, therefore, cost more for reasons other than school quality. Although recent work has been relatively successful in isolating this effect, it is limited to the extent that it assumes a linear effect of schools on housing prices. We examine this relationship and find that the premium for school quality is nonlinear: There is a premium for houses in better ...
Working Papers , Paper 2003-039

Working Paper
Duration dependence in monetary policy: international evidence
Owyang, Michael T.; Chiodo, Abbigail J. (2002)
We study the duration of monetary regimes in a simple neo-classical Phillips curve model. The model is an extension of Owyang (2001) and Owyang and Ramey (2001). In this paper, we consider the role of the duration of inflationary regimes on the average inflation rate in an international cross-section. We find that inflationary regimes in certain countries are duration dependent but anti-inflationary regimes are not. In addition, we find that countries with high central banker turnover switch from inflationary to anti-inflationary with lower probability.
Working Papers , Paper 2002-021

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
Subject to revision
Owyang, Michael T.; Chiodo, Abbigail J. (2002-06)
National Economic Trends , Issue Jun

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