This paper combines national accounts, survey, wealth and fiscal data (including recently released tax data on high-income taxpayers) in order to provide consistent series on the accumulation and ...

This paper studies the critical but underexplored role of subcontracting in shaping the spatial and firm-level effects of federal government spending. Using newly available data on defense subcontract ...

Work requirements are often criticized for imposing administrative burdens that reduce access to benefits, yet prior research has struggled to isolate this mechanism from other sources of ...

The worsening mental health of young workers in the United States drives the disappearance of the U-shape in wellbeing and the hump-shape in illbeing in the last decade. Illbeing declines in age among ...

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Around the world, we observe prevalent increases in the concentration of sales, net income, and equity capital over the past century. These trends hold in the aggregate and at the industry level.

We measure how frontier research frames what is normatively at stake along the efficiency and equity dimension. We develop and validate an LLM-based measurement pipeline and apply it to 27,464 ...

We study the labor market effects of tenure-dependent severance pay systems that tie firing costs to workers’ accumulated earnings histories. We develop an overlapping-generations search-and-matching ...

This paper develops a tractable economic model of AJI that treats adoption as an information problem: users care about local reliability, but typically observe only coarse, global quality signals. In ...

This short note computes Trade Restrictiveness Index measures for current U.S. trade policy. Building on the ideas of Anderson and Neary (1996, 2005), the Trade Restrictiveness Index is the uniform ...

Structural economic models, while parsimonious and interpretable, often exhibit poor data fit and limited forecasting performance. Machine learning models, by contrast, offer substantial flexibility ...

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