NBER Working Papers

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35018: Trade, Labor Market Concentration, and Wages

Mayara Felix

35017: Real Effects of Academic Research Revisited

Adam Jaffe, Laura B. Shupp and Valentina Tartari

35016: In the Fed’s Mind

Ali Kakhbod, Amir Kermani and Bernardo Maciel

35014: The Economics of Postdoctoral Researcher Positions

Donna Ginther and Joshua Rosenbloom

35013: Dynamic Adjustment to Trade Shocks

Junyuan Chen, Carlos Góes, Marc-Andreas Muendler and Fabian Trottner

35012: Planning under Diagnostic Uncertainty: Question-Driven Learning in the Age of AI

Andrew Caplin

35011: Knowledge Spillovers and Local Outcomes: An Existence Proof from the Establishment of the National Labs

Susan Helper, Resem Makan and Daniel W. Shoag

35010: Adaptive Enforcement with AI-Augmented Monitoring

Ginger Zhe Jin, D. Daniel Sokol and Liad Wagman

35009: The Effects of Fiscal News on Household Expectations and Spending: New Causal Evidence

Myungkyu Shim, Kwang Hwan Kim, Myunghwan Andrew Lee, Sangyup Choi, Siye Bae, Olivier Coibion and Yuriy Gorodnichenko

35008: The Cold War and the U.S. Labor Market

Ilyana Kuziemko, Donato A. Onorato and Suresh Naidu

35007: The Hidden Cost of Stock Market Concentration: When Funds Hit Regulatory Limits

Lubos Pastor, Taisiya Sikorskaya and Jinrui Wang

35006: Cash Transfers and Productive Inclusion: Evidence from Bolsa Familia

Michael Best, Felipe Lobel and Valdemar Pinho Neto

35005: Early-Life Sugar Restrictions Reduce Genetic Disparities in Adult Adiposity

Tadeja Gracner, Claire Boone, Patrick Turley and Paul Gertler

35004: Using Global Shocks to Understand the Level and Structure of Executive Compensation

David Hummels, Jakob Munch and Huilin Zhang

35003: Salience and (Non-)Buyer's Remorse: Optimal Nonlinear Pricing with Cognitively Constrained Consumers

Aaron L. Bodoh-Creed, Brent R. Hickman, John List, Ian Muir and Gregory K. Sun

35002: Networked Information and Industrial Output: Evidence from Chile’s 1972 Truckers’ Strike

Sebastian Edwards

35001: Screening with Cash Deposits in Digital Credit Markets

Paul Gertler, Brett Green and Catherine Wolfram

35000: Decoupling Dollar and Treasury Privilege

Wenxin Du, Ritt Keerati and Jesse Schreger

34999: The Impact of Virtual Instruction on the Transition to College: Evidence from COVID-19

Nolan Pope and Yu Hung Yaow

34998: Special Education Substantially Improves Learning: Evidence from Three States

Stephanie G. Coffey, Joshua Goodman, Amy Schwartz, Leanna Stiefel, Marcus A. Winters and Yunee H. Yoon

34997: Paid Caregiving Leave Policies and an Update on Paid Parental Leave

Priyanka Anand, Tamar Matiashvili and Maya Rossin-Slater

34996: Supporting Student Engagement During Remote Learning: Three Randomized Controlled Trials in Chicago Public Schools

Monica P. Bhatt, Jonathan Guryan, Fatemeh Momeni, Philip Oreopoulos and Eleni Packis

34995: Mind the Gap: AI Adoption in Europe and the U.S

Alexander Bick, Adam Blandin, David Deming, Nicola Fuchs-Schündeln and Jonas Jessen

34994: Steering Technological Progress

Anton Korinek and Joseph E. Stiglitz

34993: Bank Fees and Household Financial Well-Being

Michaela Pagel, Sharada Sridhar and Emily Williams

34992: Preferences for Warning Signal Quality: Experimental Evidence

Alexander Ugarov, Arya Gaduh and Peter McGee

34991: Private Credit, Balance Sheets and Financial Stability

Gregor Matvos, Tomasz Piskorski and Amit Seru

34990: The Effects of California's $20 Fast Food Minimum Wage on Prices

Jeffrey Clemens, Olivia Edwards, Jonathan Meer and Joshua D. Nguyen

34989: The Precarious Financial Lives of College Students in Sub-Saharan Africa

Natalie Bau, Corinne Low, Simona Simona and Bryce Steinberg

34988: Lender of Last Resort and Local Economic Outcomes

Pawel Janas

34987: Substitution and Income Effects of Labor Income Taxation

Michael Graber, Morten Håvarstein, Magne Mogstad, Gaute Torsvik and Ola L. Vestad

34986: What Makes New Work Different from More Work?

David Autor, Caroline Chin, Anna M. Salomons and Bryan Seegmiller

34985: Contract Enforcement and Young Firm Capital Structure: A Global Perspective

Gonzalo E. Basante Pereira and Ina Simonovska

34984: Artificial Intelligence, Productivity, and the Workforce: Evidence from Corporate Executives

Salome Baslandze, Zachary Edwards, John Graham, Ty McClure, Brent Meyer, Michael Sparks, Sonya R. Waddell and Daniel Weitz

34983: An 'Austrian' Model of International Specialization

Pol Antras and Adrian Kulesza

34982: Household Migration and Collateral Constraint: Cash-based Housing Resettlement in China

Zhiguo He, Zehao Liu, Xinle Pang, Yang Su and Kunru Zou

34981: The Long-Term Decline of the U.S. Job Ladder

Niklas Engbom, Aniket Baksy and Daniele Caratelli

34980: Does Employment Shift Mothers' Voting Behavior and Political Identity?

Jacob Bastian

34979: When Are Decisions Improvable? An Evaluation of Diagnostic Methods

B. Douglas Bernheim, Aldo Lucia, Kirby Nielsen and Charles D. Sprenger

34978: Climate Fairness and Growth: Allocating the Remaining Carbon Budget

Galina Hale, Michael Halling, Nora Alice. Paulus and Han H.G. Pham

34977: From Free Rider to Innovator: The Rise of China's Drug Development

Panle Barwick, Hongyuan Xia and Tianli Xia

34976: The Rise of the Modern Hospital and Early-Life Health: Evidence from the Hill-Burton Act

Owen Thompson, Jason Fletcher and Karin Wu

34975: Standardized Test Scores and Academic Performance at a Public University System

Ted Joyce, Mina Afrouzi Khosroshahi, Sarah Truelsch, Kerstin Gentsch and Kyle Du

34974: Financial Conditions Targeting in a Multi-Asset Open Economy

Ricardo Caballero and Alp Simsek

34973: Identifying Uncertainty, Learning about Productivity, and Human Capital Acquisition: A Reassessment of Labor Market Sorting and Firm Monopsony Power

Cristina Gualdani, Elena Pastorino, Aureo de Paula and Sergio Salgado Ibáñez

34972: Reserve Demand Estimation with Minimal Theory

Ricardo Lagos and Gaston Navarro

34971: The max EPS Paradigm for Corporate Finance

Itzhak Ben-David and Alex Chinco

34970: Loaded Chambers: Organized Interests, Public Opinion, and Policy Responsiveness in the American States

Takuma Iwasaki, Eric A. Baldwin, John Donohue and Tai Markman

34969: Household Preferences for Women’s Employment: A Field Experiment in Bangladesh

Yueh-ya Hsu, Reshmaan N. Hussam, Erin M. Kelley and Gregory Lane

34968: The Global Incumbency Advantage

Raphaël Descamps, Benjamin Marx, Vincent Pons and Vincent Rollet

34967: Mutual Party Extremism

Ivo Welch

34966: Life Cycle Portfolio Choice with Human Capital and Social Security

Jason Scott, John B. Shoven, Sita Slavov and John G. Watson

34965: Out of the Black Box: Uncertainty Quantification for LLMs via Conditional Probabilities

Hui Chen, Antoine Didisheim and Luciano A. Somoza

34964: Attention (And Money) Is All You Need: Why Universities Are Struggling to Keep AI Talent

Ufuk Akcigit, Craig A. Chikis, Emin Dinlersoz and Nathan Goldschlag

34963: Work from Home and Fertility

Steven Davis, Cevat Giray Aksoy, Jose Maria Barrero, Nicholas Bloom, Katelyn Cranney, Mathias Dolls and Pablo Zárate

34962: The Universal Pursuit of Safety and the Demand for (Lethal, Non-Lethal or No) Guns

Marcella Alsan, Joshua Schwartzstein and Stefanie Stantcheva

34961: Cutting Costs or Cutting Corners: Asset Reallocation in Oil and Gas Production

Sarah C. Armitage, Judson Boomhower and Catherine Hausman

34960: max EPS Payout Policy

Itzhak Ben-David and Alex Chinco

34959: Blockchain Technology for Traditional Finance

Eric Budish and Adi Sunderam

34958: The Emergence of Regional Cultures in the United States

Taylor Jaworski and Erik O. Kimbrough

34957: School Choice and Segregation: Evidence from the Oakland Unified School District

Jesse Rothstein, Ini Umosen and Christopher R. Walters

34956: International Comparison of Physician Incomes

Aidan Buehler, Joshua Gottlieb, Jeffrey Hicks, Lisa Laun, Mårten Palme, Maria Polyakova, Victoria Udalova and Maria Ventura

34955: Physician Competition: Entry and Substitution

Joshua Gottlieb and Sean Nicholson

34954: Stimulating Auto Markets

David Berger, Geoffrey Gee, Nick Turner and Eric Zwick

34953: AI in Science

Ajay Agrawal, John McHale and Alexander Oettl

34952: Easy A’s, Less Pay: The Long-Term Effects of Grade Inflation

Jeffrey Denning, Rachel L. Nesbit, Nolan Pope and Merrill Warnick

34951: Targeting, Personalization, and Engagement in an Agricultural Advisory Service

Susan Athey, Shawn Cole, Shanjukta Nath and Jessica Zhu

34950: The Economics of Algorithmic Personalization: Evidence from an Educational Technology Platform

Keshav Agrawal, Susan Athey, Ayush Kanodia, Shanjukta Nath and Emil Palikot

34949: Medicaid Coverage for Obesity Medications: Utilization and Net-of-Rebate Spending

Coady Wing, Wei-Lun Lo, Maddie Potter, Tarik Yuce, Alberto Ortega, John Cawley, Thuy D. Nguyen and Kosali Simon

34948: We've Got You Covered: Firms' Political Stances on Abortion and Labor Market Sorting

Pawel Adrjan, Svenja Gudell, Emily E. Nix, Allison Shrivastava, Jason Sockin and Evan P. Starr

34947: Deep Learning Projects Jurisdiction of New and Proposed Clean Water Act Regulation

Simon Greenhill, Brant J. Walker and Joseph Shapiro

34946: The Heterogeneous Earnings Impact of Job Loss Across Workers, Establishments, and Markets

Susan Athey, Lisa Simon, Oskar Skans, Johan Vikström and Yaroslav Yakymovych

34945: The Elasticity of Corporate Taxable Income Across Countries

Claudio Agostini, Zareh Asatryan, Laurent Bach, Govindadeva Bernier, Marinho Bertanha, Katarzyna A. Bilicka, Anne Brockmeyer, Jaroslav Bukovina, Guillermo Falcone, Pablo Garriga, Yuxuan He, Petr Janský, Evangelos Koumanakos, Tomáš Lichard, Tomás Martins, Ján Palguta, Elena Patel, João Pereira dos Santos, Louis Perrault, Thomas Schwab, Nathan Seegert, Oliver Škultéty, Kristina Strohmaier, Maximilian Todtenhaupt, Guillermo Vuletin and Branislav Žúdel

34944: "Feel" as a Determinant of College Choice: Evidence from Campus Tour Weather

Olivia Feldman, Joshua Hyman and Matthew L. McGann

34943: The Changing Landscape of International Development: An Introduction

Pascaline Dupas, Pinelopi Goldberg and Rohini Pande

34942: Dollarization Waves: New Evidence From a Comprehensive International Bond Database

Swapan-Kumar Pradhan, Eswar Prasad, Előd Takáts and Judit Temesvary

34941: Institutional Shocks and Migration Adjustment: Evidence from the Syrian Crisis and Brexit’s Referendum and Implementation

Assaf Razin

34940: Market Feedback about Emerging Technologies

Sean S. Cao, Itay Goldstein, Jie He and Yabo Zhao

34939: The Skill Premium in Times of Rapid Technological Change

Tarek Hassan, Aakash Kalyani and Pascual Restrepo

34938: Reducing Waste through Anti-Fraud Enforcement: Evidence from Hospital Admission Cases

David H. Howard and Jetson Leder-Luis

34937: General Social Agents

Benjamin S. Manning and John Horton

34936: Who Gets What in Education: Can School Matching Improve Student Achievement?

Atila Abdulkadiroglu, Parag A. Pathak and Christopher R. Walters

34935: Tariffs, Automation, and Business Dynamism

Stéphane Auray, Michael Devereux and Aurélien Eyquem

34934: From Complaint to Action: Technology-Enabled Quality Improvement from Consumer Reviews

Guangyu Cao, Shenghao He and Ginger Zhe Jin

34933: Alternatives to 911

Bocar A. Ba

34932: Personnel is Policy: Delegation and Political Misalignment in the Rulemaking Process

Luca Bellodi, Massimo Morelli, Jörg Spenkuch, Edoardo Teso, Matia Vannoni and Guo Xu

34931: When Teachers Break the Rules: Imitation, Reciprocity, and Community Structure in the Transmission of Ethical Behavior

Victor Lavy and Moses Shayo

34930: When Do Financial Frictions Matter for Misallocation?

Yan Bai, Dan Lu, Xu Tian and Yajie Wang

34929: Restoring Nature, Creating Wealth: Evidence from Rural Households in Africa

Geoffrey Heal, Claudio Rizzi and Simon Xu

34928: Competition in Health Insurance Markets

Martin Gaynor and Amanda Starc

34927: The Effects of a Sudden Stop in Low-Skilled Immigration: Evidence from Korea’s Guest Worker Program

Jongkwan Lee, Giovanni Peri and Hee-Seung Yang

34926: Repression

Gerard Padró I Miquel and Nancy Qian

34925: The Micro-Geography of Persuasion: Randomized Peer Exposure and Legislative Outcomes

Lauren Cohen and Bo Li

34924: Measuring Payroll Employment: A Note on the Current Employment Statistics

Ryan A. Decker

34923: Why People Disagree About What Drives Stock Prices

Andrew Atkeson, Fabrizio Perri and Jonathan Heathcote

34922: The Labor Market Consequences of Rapid Sectoral Shifts

John R. Grigsby and Nathan Zorzi

34921: The Market Value of Reproductive Rights: Evidence from U.S. Housing Markets

Daniel Dench, Kelly Lifchez, Jason Lindo and Jancy Ling Liu

34920: Mergers and Non-contractible Benefits: The Employees' Perspective

Wei Cai, Andrea Prat and Jiehang Yu

34919: How does AI Distribute the pie? Large Language Models and the Ultimatum Game

Douglas K.G. Araujo and Harald Uhlig

34918: Pay Now, Buy Never: The Economics of Consumer Prepayment Schemes

Yixuan Liu, Hua Zhang and Eric Zou