The task-based approach has become the dominant framework for studying the labor-market effects of artificial intelligence ...

We document and characterize a new history of U.S. federal-level industrial policies by scanning all 12,167 Congressional ...

This paper studies how managers’ gender attitudes shape workplace culture and gender inequality. Using data from a multinational firm operating in over 100 countries, we leverage cross-country manager ...

We examine how workers’ and non-workers’ wellbeing varies by age across 171 countries in eight international surveys. In 103 countries (60%) we find evidence that workers’ wellbeing rises with age and ...

With the diffusion of LLMs between 2022 and 2025, new book releases have tripled, raising a question of AI's impact on book quality. We develop a ratings-based usage measure that is comparable across ...

Technologies such as electricity, semiconductors, and the internet have been transformative, reshaping economic activity and dramatically increasing living standards throughout the world. In some ...

Conventional wisdom holds that the social rate of return to R&D significantly exceeds the private rate of return and, therefore, R&D should be subsidized. In the U.S., the government has directly ...

We demonstrate that depositor inattention gives rise to banks’ deposit market power. Using transaction-level data on millions of U.S. depositors, we document that unscheduled income remains in ...

Against a backdrop of sharply rising inequality, the Tokyo Round of the GATT resulted in a 1.6 percentage point reduction in average US tariffs – larger than CUSFTA, NAFTA, and the liberalization ...

We propose rational disagreement as a formal framework for analyzing seemingly irrational behavior that can persist despite ...

The structure of US international trade has undergone a dramatic transformation since 2018 when the US began imposing substantial tariffs targeting Chinese imports. This trade policy shift, combined ...

We provide the first global, long-run evidence on how war reshapes democratic institutions. Using data on all conflicts since ...