The federal government enacted massive spending in the Pandemic Recession. But was this spending scaled to the magnitude of the economic downturn? We examine the responsiveness of the safety net to the Pandemic Recession and compare it to that in the Great Recession. Using monthly state-level...

This paper studies the labor market impacts of firm accommodation decisions and assesses implications for the design of social insurance for workplace disability. We leverage a unique workers' compensation (WC) program in Oregon that provides wage subsidies to firms for accommodating injured...

Large literatures have analyzed racial and ethnic disparities in economic outcomes and access to the safety net. For such analyses that rely on survey data, it is crucial that survey accuracy does not vary by race and ethnicity. Otherwise, the observed disparities may be confounded by...

"We identify a new set of stylized facts on the 2008-2009 trade collapse that we hope can be used to shed light on the importance of demand and supply-side factors in explaining the fall in trade. In particular, we decompose the fall in international trade into product entry and exit, price...

Introduction /Petra Moser --The roots of agricultural innovation : patent evidence of knowledge spillovers /Matthew Clancy, Paul Hesiey, Yongjie Ji, GianCarlo Moschini --Comment /Alberto Galasso --Quantifying heterogeneous returns to genetic selection : evidence from Wisconsin dairies /Jared...

Introduction / Caroline M. Hoxby and Kevin Stange -- What Healthcare Teaches Us about Measuring Productivity in Higher Education / Douglas Staiger -- The Productivity of U.S. Postsecondary Institutions / Caroline M. Hoxby -- Labor Market Outcomes and Postsecondary Accountability: Are Imperfect...

Contents: 1. Financialization and the corporation in the twenty-first century -- 2. Capitalist development -- 3. Widening of the market and the transition from scarcity to abundance -- 4. Role of the corporation -- 5. Failure of federal policy to achieve social control -- 6. Corporations and...