Among National Hockey League (NHL) player contracts signed from 2011 to 24, over 38% are divisible by $100,000. I show that the bunching of NHL contracts at round numbers is partly driven by teams' c...

This paper examines how natural resource dependence shapes the distributional effects of financial development in developing economies. Using a balanced panel of 90 countries from 1995 to 2022 and dy...

We construct a monthly Hong Kong Composite Leading Index that closely tracks Hong Kong's economy. This index has strong correlations with real economic indicators and perfectly predicts downturns lik...

Why do similar place-based assistance policies generate stronger entrepreneurial responses in some underdeveloped counties than in others? We argue that policy effects depend on counties' pre-existin...

We examine how minimum wage regulation affects firm profit when labor-market power interacts with product-market competition. A binding wage floor reduces the regulated firm's marginal labor cost, in...

As industrial policy drives new waves of foreign direct investment (FDI) into the U.S., rural areas are becoming key destinations. Using synthetic control, difference-in-differences, and propensity s...

Recent veteran college graduates report experiencing high levels of underemployment, which have a negative impact on their well-being and hinder their successful transition to civilian life. This pap...

The Porter Hypothesis asserts that environmental regulations can spur innovation and benefit regulated firms. Prior economic models derive this outcome only in the presence of additional distortions,...

The stringent measures imposed by the Chinese government to deal with COVID restricted labor mobility across the country, impairing the major mechanism for consumption smoothing in China. This paper ...

Using LinkedIn and GitHub data, this paper examines how firms' adoption of GitHub Copilot (GHC), a generative AI coding assistant, relates to software engineer (SWE) skills and labor outcomes. GHC ad...

Since 2015, the National Football League (NFL) draft has been held in various cities around the United States and has been accompanied by claims of large economic benefits. This paper uses daily hote....

Climate shocks threaten rural livelihoods in Malawi, yet households adopt diverse coping strategies to mitigate welfare losses. Using three-wave Living Standards Measurement Study–Integrated Surveys ...

Degrowth scholars often claim that capitalism generates social and ecological imbalances, as captured by Kate Raworth's leading doughnut model. We formalize this model using social and environmental ...

We examine how liberalized recreational marijuana laws have affected freshmen enrollment and science, technology, engineering, and math (STEM) major choice using difference-in-differences and event s....