Despite ubiquitous discussions of robots' potential impact, there is almost no systematic empirical evidence on their economic effects. In this paper we analyze for the first time the economic impact of industrial robots, using new data on a panel of industries in 17 countries from 1993-2007. We...

As thousands of undergraduates across the UK take their exams, a study by Andy Feng and Georg Graetz reveals the importance of the results for subsequent earnings - specifically the value of a First compared with an Upper Second and the difference between an Upper Second and a Lower Second.

Using discontinuities within the Swedish SAT system, we show that additional admission opportunities causally affect college choices. Students with high-educated parents change timing, colleges, and fields in ways that appear consistent with basic economic theory. In contrast, very talented...

Since the early 1990s, recoveries from recessions in the US have been plagued by weak employment growth. One possible explanation for these "jobless" recoveries is rooted in technological change: middle-skill jobs, often involving routine tasks, are lost during recessions, and the displaced...

Um in der Covid-19-Pandemie bestehen zu können, mussten Betriebe in digitale Technologien investieren. Offen ist bislang, ob der „digitale Graben” zwischen den Betrieben dadurch tiefer geworden ist - ob also digitalisierungserfahrene Betriebe stärker in eine weitere Digitalisierung...

A pre-condition for employer learning is that signals at labor market entry do not fully reveal graduates’ productivity. I model various distinct sources of signal imperfection—such as noise and multi-dimensional types—and characterize their implications for the private return to skill...