find that policy uncertainty raises stock price volatility and reduces investment and employment in policy … foreshadow declines in investment, output, and employment in the United States and, in a panel VAR setting, for 12 major …

There has been a dramatic rise in disability employment in the US since the pandemic, a pattern mirrored in other … countries as well. A similar increase is not found for any other major gender, race, age or education demographic. At the same … microdata, we find the increase in disability employment is concentrated in occupations with high levels of working from home …

to increases in R&D, patenting, IT and TFP within firms; and second it reallocated employment between firms towards more … in employment, profits, prices and the skill share. By contrast, import competition from developed countries had no … effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …

This paper investigates the relationship between product market competition (PMC) and innovation. A growth model is … reduce innovation incentives for laggards. There are four key predictions. First, the relationship between product market … competition (PMC) and innovation is an inverted U-shape. Second, the equilibrium degree of technological neck-and-neckness' among …

-run growth by increasing the profit from innovation. In the short run, factors of production must be reallocated inside firms …, which lowers the opportunity cost of innovation, generating an additional trapped factor effect. Starting from a baseline …