We formalize and estimate the dynamic marginal efficiency cost of redistribution (MECR) in the spirit of Okun’s “leaky bucket” to compare the MECR of an income-contingent childcare subsidy program and of the income-contingent tax and transfer schedule. We set up a dynamic structural model...

Despite the increasing importance of occupations that rely heavily on interpersonal interaction, the impact of heat on team production relative to individual production remains largely unexplored. Heat can affect team and individual production in distinct ways, potentially increasing aggression,...

This paper studies the impact of Generative AI technologies on the demand for online freelancers using a large dataset from a leading global freelancing platform. We identify the types of jobs that are more affected by Generative AI and quantify the magnitude of the heterogeneous impact. Our...

This study investigates the effects of infrastructure development on African global value chain (GVC) participation. Infrastructure development is proxied by a composite index which encompasses ICT, transport network, electricity and water supply while considering both the backward and the...

Twenty years after the EU accession of the Visegrád countries-- Poland, the Czech Republic, Slovakia and Hungary - we analyse their development of unit labour costs and of the labour share in manufacturing for the years 1995 to 2023. Firstly, the labour shares in the Visegrád countries have...

Based on a sample of elderly individuals from the Survey of Health, Ageing, and Retirement in Europe, we investigate the relationship between job and marital stability over the life cycle. We argue that an unobserved, time-varying social skill affects stability in both markets. Using a grouped...

Software engineering is prototypical of knowledge work in the digital economy and exhibits strong geographic concentration, with Silicon Valley as the epitome of a tech cluster. We investigate productivity effects of knowledge worker agglomeration. To overcome existing measurement challenges, we...

Entrepreneurship scholars are interested in understanding and describing how entrepreneurs make decisions under uncertainty, where the probabilities of outcomes are not known but perceived, resulting in ambiguous probabilities. In this context, ambiguity refers to the lack of precise and...