We argue that the relative price of materials is an important determinant of the labor share of income. When materials and primary inputs are complements and the profit share is positive, a higher ...

Yet they can also serve domestic political ends. This paper studies how Russia’s escalations against Ukraine reshaped support for the regime and redistributed the burdens of war across the population.

We study consumer demand for savings, life insurance, annuities, and long-term care insurance using novel survey data and a structural life-cycle model. We document that individuals perceive ...

We study the resilience of payment systems to large disruptions in digital infrastructure caused by natural disasters and outages. While advanced economies have rapidly shifted toward electronic ...

As part of the comprehensive Construction Re-engineering Initiative at the U.S. Census Bureau, alternative data sources are being considered to supplement or replace current data collection methods.

Stable Are LLM Occupational Exposure Scores? Evidence from Multi-Model Replication," NBER Working Paper 35110 (2026), ...

We also show that regulations are more business friendly in richer than in poorer countries, and that holding initial regulatory levels constant, richer countries also reform more. We present a model ...

We use the index to investigate how gender-specific labor market shocks influence spending patterns within heterosexual households. Our findings reveal that industrial robot adoption, which worsened ...

We evaluate the welfare effects of five provincial mandatory retirement bans in Canada from 2005 to 2009 using linked employer-employee tax data. The bans sharply reduce retirements at age 65, with ...

Can active choice mitigate the effects of preset defaults? We study this question using a difference-in-differences design around the rollout of the EU’s Digital Markets Act, which required iOS and ...

In 2018, the Virginia Department of Health implemented the Contraceptive Access Initiative (CAI) to increase access to long-acting reversible contraceptives (LARCs). We use encounter-level data on ...

We study the global footprint and real effects of Chinese overseas corporate ownership. By assembling a comprehensive micro-level dataset of 161,773 firms across 159 countries (2012–2021), we ...