The motherhood penalty is well-documented, but what happens at the other end of the reproductive spectrum? Menopause--a transition often marked by debilitating physical and psychological symptoms--also entails substantial costs. Using population-wide Norwegian and Swedish data and...

Salary negotiations are a widespread phenomenon that can shape key labor market outcomes, such as welfare and inequality. We provide novel empirical and theoretical insights into the causes and consequences of salary negotiations. We conducted two field experiments involving over 3,100 job...

We develop a method to estimate producers' productivity beliefs in settings where output quantities and input prices are unobservable, and we use it to evaluate allocative efficiency in the market for science. Our model of researchers' labor supply shows that their willingness to pay for their...

We develop a dynamic macroeconomic model in which the secular decline in real interest rates arises endogenously from rising wealth inequality. Challenging the standard "safe asset shortage" hypothesis, the model shows how falling real rates can coexist with a stable safe asset ratio--closely...

We characterize the causal impact of having a child with Down syndrome relative to having one without Down syndrome using event studies around birth and population-wide Swedish administrative data from 1990 to 2019. The incremental effect of having a child with Down syndrome is to increase the...

We use Canadian matched employer-employee data to assess the sources of the union pay premium. After controlling for worker heterogeneity using the Abowd, Kramarz, and Margolis (1999) (AKM) two-way fixed effects approach, we find that unionized firms pay about 15 log points more than...

Using a new survey of French firms' inflation expectations that predates the inflation spike, we document i) evidence on the anchoring of inflation expectations during the inflation surge, and ii) the relevance of inflation expectations for firms' decisions. First, we show that inflation...

This paper develops a new approach to measuring non-wage amenities and com-pensating differentials in the labor market. Using a survey of 20,000 job movers in Denmark, we elicit workers' reservation wage to return to their previous jobs. Our sample contains a large, connected network of firms,...

Most S&P 500 corporations disclose that their profits depend on non-wage competition for worker talent via workplace amenities like work-life balance. We quantify this dependence using a labor market matching model with endogenous amenities. When productive (unproductive) firms provide the...

This paper studies how collective bargaining affects both wages and amenities. By merging collective bargaining agreements (CBAs) to linked employer-employee data in Brazil, I combine rich contracted amenities with wage information. I implement a difference-in-difference strategy that exploits a...