We document and characterize a new history of U.S. federal-level industrial policies by scanning all 12,167 Congressional ...

We propose rational disagreement as a formal framework for analyzing seemingly irrational behavior that can persist despite ...

Gender and racial/ethnic gaps in labor market earnings remain large, even among college-goers. Cross-gender and race/ethnic differences in choice of and returns to college major are potentially ...

Do generative AI models, particularly large language models (LLMs), exhibit systematic behavioral biases in economic and financial decisions? If so, how can these biases be mitigated? Drawing on the ...

We demonstrate nearly steady trends from 1973-2023 in the U.S. in the timing of when people work for pay, away from evening and night hours toward “usual” daytime hours. The trend is related to ...

In addition to working papers, the NBER disseminates affiliates’ latest findings through a range of free periodicals — the NBER Reporter, the NBER Digest, the Bulletin on Health, and the Bulletin on ...

We estimate heterogeneous responses to top-bracket tax reforms using a triple-difference design that exploits variation in tax rate changes and the thresholds at which they apply. This strategy ...

This paper explores the effects of one nation's taxation of consumption on the welfare of future generations of other countries. To do this, it presents an otherwise standard one-good, two-country ...

Traditional valuation metrics for the U.S. stock market based on a comparison of the aggregate market value of U.S. corporations to measures of dividends, earnings, output, and the replacement cost of ...

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Our collective research agenda has sought to understand the barriers to homeownership and to quantify the risks that accompany it. Households must weigh numerous factors when deciding whether to buy a ...

Researchers in the Industrial Organization (IO) program study consumer and firm behavior, competition, innovation, and government regulation. This report begins with a brief summary of general ...