What lies at the core of inequality among nations? Unified Growth Theory explores the evolution of societies over the entire course of human history. It uncovers the universal wheels of change that ...

Detection of such bias is challenging because the research process itself is not normally part of a controlled experimental setting. Our analysis exploits a rare opportunity where 158 researchers ...

Over the past twenty years, especially the past decade, China has taken enormous strides to develop its bond market as an integral step of financial reform. This paper aims to provide the most ...

A new study of German and Swedish data finds that men’s earnings increase following a couple’s move to a new commuting zone, while women’s earnings stay the same or decline at the outset. Couples are ...

We argue that trade in intermediate inputs, or 'global production sharing,' is a potentially important explanation for the increase in the wage gap between skilled and unskilled workers in the U.S.

In this paper, we assess the recent economics literature on collective bargaining. Despite a declining trend in the OECD in coverage and especially union membership, a large share of formal workers ...

We hypothesize and find evidence that banks use venture investments in fintech startups as a strategic approach to navigate fintech competition. We show that banks’ venture investments have ...

This paper investigates the impact of a progressive tax reform on tax compliance. We leverage a major progressive tax reform in a large Argentine municipality. First, we use a quasi-experimental ...

The use of forward interest rates as a monetary policy indicator is demonstrated, using Sweden 1992-1994 as an example. The forward rates are interpreted as indicating market expectations of the time- ...

Cities are physical structures, but the modern literature on urban economic development rarely acknowledges that fact. The elasticity of housing supply helps determine the extent to which increases in ...

A random subset of participants was targeted through our promotional campaign to test whether the product's diffusion among untargeted participants operates primarily through information sharing or ...

The family records data contain consumer unit information on expenditures, income, wealth, and basic household demographics. The member record data contains additional consumer unit member earnings ...