resource windfall commands a lower level of public capital but a higher level of redistribution through transfers. Second …

We study credit card rewards as an ideal laboratory to quantify redistribution between consumers in retail financial … without rewards. We estimate an aggregate annual redistribution of $15 billion from less to more educated, poorer to richer …

While anecdotal evidence suggests that interest groups play a key role in shaping immigration policy, there is no … combining information on the number of temporary work visas with data on lobbying activity associated with immigration. We find … robust evidence that both pro- and anti-immigration interest groups play a statistically significant and economically …

We propose a novel approach to measure the dynamic macroeconomic effects of immigration on the destination country …, combining the analysis of episodes of large immigration waves with instrumental variables techniques. We distinguish the impact … of immigration shocks in OECD countries from that of refugee immigration in emerging and developing economies. In OECD …