Stock prices and workplace mobility trace out striking clockwise paths in daily data from mid-February to late May 2020. Global stock prices fell 30 percent from 17 February to 12 March, before mobility declined. Over the next 11 days, stocks fell another 10 percentage points as mobility dropped...

We study how the hourly wage structure varies with establishment size and how wage dispersion breaks down into between-plant and within-plant components Our study combines household and establishment data for the U.S. manufacturing sector in 1982. 1) Wage dispersion falls sharply with...

The COVID-19 pandemic instigated a big shift in working arrangements. I first describe the scale of this shift in the United States, drawing on the Survey of Working Arrangements and Attitudes and other sources. I then review differences, circa 2023, in work-from-home rates across industries,...