Created by the Tax Cuts and Jobs Act in 2017, the Opportunity Zone program was designed to encourage investment in distressed communities across the U.S. We examine the early impacts of the Opportunity Zone program on residents of targeted areas. We leverage restricted-access microdata from the...

There have been over 80 field experiments on traditional dimensions of discrimination in labor and housing markets since 2000, in 23 countries. These studies nearly always find evidence of discrimination against minorities. However, the estimates of discrimination in these studies can be biased...

There have been over 80 field experiments on traditional dimensions of discrimination in labor and housing markets since 2000, in 23 countries. These studies nearly always find evidence of discrimination against minorities. However, the estimates of discrimination in these studies can be biased...

We use a new database, the National Establishment Time Series (NETS), to revisit the debate about the role of small businesses in job creation. Birch (e.g., 1987) argued that small firms are the most important source of job creation in the U.S. economy, but Davis et al. (1996a) argued that this...