Intangible capital has become a large and increasingly important part of firms capital stocks and assets, especially over the ...

In the process of human development, what happens in the early years — including the first thousand days after conception — ...

Daron Acemoglu, Simon Johnson, and James Robinson. Research associates Daron Acemoglu, Simon Johnson, and James Robinson have ...

Importantly, when Starbucks enters neighborhoods with existing coffee shops, there is no significant effect on entrepreneurship, suggesting the impact is specific to areas with few such “third place” ...

An extensive literature in the social sciences analyzes peer effects among students, but estimation is complicated by several major problems some of which cannot be solved even with random assignment.

This paper investigates the economic consequences of the 1882 Chinese Exclusion Act, which banned immigration from China to the United States. The Act reduced the number of Chinese workers of all ...

The rapid rise in student loan balances has raised concerns among economists and policymakers. Using administrative credit ...

We evaluate the retirement incentives embedded in Canada’s retirement income system with attention to where individuals are located in the income distribution. We find that larger social security ...

How does a person’s childhood socioeconomic status (SES) influence their chances to participate and succeed in science? To investigate this question, we use machine-learning methods to link scientists ...

This paper uses two large datasets built from quarterly labor force surveys to provide a global perspective on labor market downturns. The distribution of the severity and duration of labor market ...

A number of papers have solved for the optimal dynamic portfolio strategy when expected returns are time-varying and trading is costly, but only for agents with myopic utility. Non-myopic agents ...

In contrast to earlier United States policies of open war, forcible removal, and relocation to address the “Indian Problem,” the Dawes Act of 1887 focused on assimilation and land severalty — making ...