This paper examines how spatial frictions that differ among heterogeneous workers and establishments shape the geographic and demographic incidence of alternative local labor demand shocks, with implications for the appropriate level of government at which to fund local economic initiatives....

Thanks to standardized work protocol and technology of McDonald's restaurants, the hourly wage of McDonald's Basic Crew enables wage comparisons under near-identical skill inputs and hedonic job conditions. McWages capture labor costs in entry-level jobs, while the Big Macs (earned) Per Hour...

Introductions. Money and its inventions: theoretical considerations ; England in the late sixteenth century ; English developments, 1584-1692 -- The Atlantic. Before 1630: harvesters of money ; The Puritan exodus, 1629-1640: general features ; Massachusetts takes the monetary lead, 1630-1640 ; A...

The arrival of creative machines--software capable of producing human-like creative content--has triggered a series of legal challenges about intellectual property. The outcome of these legal challenges will shape the future of the creative industry in ways that could enhance or jeopardize...