Using new data from the Gallup Workforce Panel, we document a persistent partisan gap in self-reported AI use at work: ...

This paper quantifies the effects of large-scale deportations on wages, prices, and real incomes in the United States. We impute the legal status for each worker in the American Community Survey by ...

We analyze real returns on U.S. and U.K. government debt during major wars and the COVID-19 pandemic over the past three centuries. Wars are associated with sharply negative real returns on ...

We study residential segregation and access to public services across 1.5 million urban and rural neighborhoods in India. Muslim and Scheduled Caste segregation in India is high by global standards, ...

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 ...

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 ...

The task-based approach has become the dominant framework for studying the labor-market effects of artificial intelligence (AI), typically emphasizing the replacement of human workers by machines.

This paper uses microdata on U.S. mutual fund and ETF portfolios from SEC Form NPORT to study American investment in Chinese Renminbi (RMB)–denominated bonds. We show that, even as total foreign ...

Machine learning systems embed preferences either in training losses or through post-processing of calibrated predictions. Applying information design methods from Strack and Yang (2024), this paper ...

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 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 ...