Foreign investors have tilted their portfolios toward dollar-denominated assets over the last two decades. The researchers document a sixfold increase in nominal foreign holdings of USD-denominated ...

Boston students who are bused to suburban school districts through the METCO school desegregation program have stronger academic and labor market outcomes than similar students who apply to be bussed ...

The Tax Cuts and Jobs Act (TCJA) of 2017 was the most significant reform to corporate taxation in the US in nearly four decades. It reduced the top corporate income tax rate from 35 to 21 percent, ...

Receipt of P-EBT payments during the pandemic reduced reported food insufficiency by 30 percent.

We study how government policies and corporate commitments to decarbonize interact under two externalities: environmental damages and green innovation spillovers. Unconstrained carbon taxes and ...

Cities are often described as engines of economic growth. We assess this statement quantitatively. We focus on two mechanisms: a static agglomeration effect that makes production in bigger cities more ...

We do so using a synthetic difference-in-differences design that leverages variation from the 2022 Dobbs decision, which allowed states to ban abortion, and population flows based on change-of-address ...

Leveraging rich data on the universe of Texas high school graduates, we estimate how the relationship between geographic access to public two- and four-year postsecondary institutions and ...

We propose a novel time-series econometric framework to forecast U.S. Presidential election outcomes in real time by combining polling data, economic fundamentals, and political prediction market ...

We study this by examining community targeting in both a high-stakes experiment, in which villages determined who would receive the Indonesian conditional cash transfer program – worth almost USD ...

This paper explores past episodes of technological disruption in the US labor market, with the goal of learning lessons about the likely future impact of artificial intelligence (AI). We measure ...

Many U.S.-born descendants of Mexican immigrants do not identify as Mexican or Hispanic in response to the Hispanic origin question asked in the Census and other government surveys. Analyzing ...