Given the slowdown in labor productivity growth in the mid-2000s, some have argued that the boost to labor productivity from IT may have run its course. This paper contributes three types of evidence to this debate. First, we show that since 2004, IT has continued to make a significant...

Children consume a substantial portion of a household's income while living at home, but are usually financially independent by the time the parents reach retirement age.

The key insight of the life cycle model in economics is that a household's consumption at any given time is determined not so much by its current income as by the total income available to the household over its lifetime. A replacement rate can be a useful tool in approximating the life cycle...

Mortality and economic contraction during the 1918–1920 Great Influenza Epidemic provide plausible upper bounds for outcomes under the coronavirus (COVID-19).

This paper ranks all 50 states according to how costly their public-employee compensation packages are relative to private-sector standards. Each state's package is placed into one of five categories: modest penalty, market level, modest premium, large premium, or very large premium. The results...

While almost all homeless people are poor, most poor people do not experience homelessness. We use a detailed national survey to explore the role of social ties - including connection to relatives, friends and religious community - in explaining why only a subset of poor adults fall into...

The OECDs Base Erosion and Profit Shifting project has focused on income attributed to intangibles with an objective of curtailing perceived artificial profit shifting by multinational firms.