NAFTA and the Wages of Married Women -- by Shushanik Hakobyan, John McLaren
Using US Census data for 1990-2000, we estimate effects of NAFTA on US wages, focusing on differences by gender. We find that NAFTA tariff reductions are associated with substantially reduced wage...
View ArticleAre Resettled Oustees from the Sardar Sarovar Dam Project Better off Today...
The Sardar Sarovar Dam in Gujarat is arguably the most controversial dam ever built in India, with over a 100,000 displaced people. Most ousted families in Gujarat were resettled in the late 1980s and...
View ArticleLong-Term Effects of Job-Search Assistance: Experimental Evidence Using...
This paper uses administrative tax data to examine the long-term effects of an experimental job-search assistance program operating in Nevada in 2009. The program required randomly-selected unemployed...
View ArticleDemographics and Automation -- by Daron Acemoglu, Pascual Restrepo
We argue theoretically and document empirically that aging leads to greater (industrial) automation, and in particular, to more intensive use and development of robots. Using US data, we document that...
View ArticleInnovation, Productivity Dispersion, and Productivity Growth -- by Lucia...
We examine whether underlying industry innovation dynamics are an important driver of the large dispersion in productivity across firms within narrowly defined sectors. Our hypothesis is that periods...
View ArticleShining a Light on Purchasing Power Parities -- by Maxim Pinkovskiy, Xavier...
Nighttime lights data are a measure of economic activity whose error is plausibly independent of the measurement errors of most conventional indicators. Therefore, we can use nighttime lights as an...
View ArticleInitial Coin Offerings and the Value of Crypto Tokens -- by Christian...
This paper explores how entrepreneurs can use initial coin offerings -- whereby they issue crypto tokens and commit to accept only those tokens as payment for future use of a digital platform -- to...
View ArticleEarly Evidence on Recreational Marijuana Legalization and Traffic Fatalities...
Over the last few years, marijuana has become legally available for recreational use to roughly a quarter of Americans. Policy makers have long expressed concerns about the substantial external costs...
View ArticleMonopsony in Online Labor Markets -- by Arindrajit Dube, Jeff Jacobs, Suresh...
On-demand labor platforms make up a large part of the "gig economy." We quantify the extent of monopsony power in one of the largest on-demand labor platforms, Amazon Mechanical Turk (MTurk), by...
View ArticleIntermediary Asset Pricing and the Financial Crisis -- by Zhiguo He, Arvind...
"Intermediary asset pricing'' understands asset prices and risk premia through the lens of frictions in financial intermediation. Perhaps motivated by phenomena in the financial crisis, intermediary...
View ArticleThe Dynamic Effects of Computerized VAT Invoices on Chinese Manufacturing...
This paper uses a balanced panel of large manufacturing firms to study the dynamic effects of computerizing VAT invoices on tax revenues and firm behavior in China, 1998-2007. We find that...
View ArticleA Theory of Small Campaign Contributions -- by Laurent Bouton, Micael...
We present a model of electorally-motivated, small campaign contributions. The analysis uncovers interesting interactions among small donors and has novel implications for the effect of income...
View ArticleEstimating the Associations between SNAP and Food Insecurity, Obesity, and...
Administrative data are considered the "gold standard" when measuring program participation, but little evidence exists on the potential problems with administrative records or their implications for...
View ArticleMirage on the Horizon: Geoengineering and Carbon Taxation Without Commitment...
We show that, in a model without commitment to future policies, geoengineering breakthroughs can have adverse environmental and welfare effects because they change the (equilibrium) carbon taxes. In...
View ArticleCongestion Pricing, Air Pollution and Children's Health -- by Emilia...
This study examines the effects of implementing a congestion tax in central Stockholm on both ambient air pollution and the population health of local children. We demonstrate that the tax reduced...
View ArticleWhat is the Impact of Successful Cyberattacks on Target Firms? -- by Shinichi...
We examine which firms are targets of successful cyberattacks and how they are affected. We find that cyberattacks are more likely to occur at larger and more visible firms, more highly valued firms,...
View ArticleBartik Instruments: What, When, Why, and How -- by Paul Goldsmith-Pinkham,...
The Bartik instrument is formed by interacting local industry shares and national industry growth rates. We show that the Bartik instrument is numerically equivalent to using local industry shares as...
View ArticleThe US Gains from Trade: Valuation Using the Demand for Foreign Factor...
About 8 cents out of every dollar spent in the United States is spent on imports. What if, because of a wall or some other extreme policy intervention, imports were to remain on the other side of the...
View ArticleFinancial Centrality and Liquidity Provision -- by Arun G. Chandrasekhar,...
We study an endowment economy in which agents face income risk, as if uncertain returns on a portfolio, and agents can only make transfers in states when they are actively participating in the market....
View ArticleThe Retirement-Consumption Puzzle: New Evidence from Personal Finances -- by...
This paper uses a detailed panel of individual spending, income, account balances, and credit limits from a personal finance management software provider to investigate how expenditures, liquid...
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