The idea of universal basic income (UBI)--a set income that is given to all without any conditions-- is making an important comeback but there is no real evidence regarding its long-term consequences. This paper provides a very inexpensive evaluation of such a policy by studying its dynamic...

We study the instability of hyper-specialization of exports. We have two main findings. (1) Specializations are surprisingly unstable: Export ranks are not persistent, and new top products and destinations replace old ones. Measurement error is unlikely to be the main or only determinant of this...

How does one's place of residence affect individual behavior and long-run outcomes? Understanding neighborhood and place effects has been a leading question for social scientists during the past half-century. Recent empirical studies using experimental and quasi-experimental research designs...

This paper measures impacts of removing children from families investigated for abuse or neglect. We use removal tendencies of child protection investigators as an instrument. We focus on young children investigated before age 6 and find that removal significantly increases test scores and...

We use comprehensive administrative data from Rhode Island to measure the impact of early-life interventions for low birth weight newborns on later-life outcomes. We use a regression discontinuity design based on the 1,500-gram threshold for Very Low Birth Weight (VLBW) status. We show that...

How does one's childhood neighborhood shape political engagement later in life? We leverage a natural experiment that moved children out of disadvantaged neighborhoods to study effects on their voting behavior more than a decade later. Using linked administrative data, we find that children who...

How do early-life experiences shape political identity? In this paper, we study how a shock to the social lives of youth affected their party affiliation in adulthood. Specifically, we examine the end of race-based busing in Charlotte-Mecklenburg schools (CMS), an event that led to large changes...

We study a simple savings scheme that allows workers to defer receipt of part of their wages for three months at zero interest. The scheme significantly increases savings during the deferral period, leading to higher post-disbursement spending on lumpy goods. Two years later, after two...

This paper explores how advertising impacts the consumer response to news about unobserved product quality. Specifically, we estimate how British Petroleum's (BP) 2000-2008 "Beyond Petroleum" advertising campaign affected the impact of the 2010 BP oil spill. We find that BP station margins...

This paper studies the impact of the First Great Migration on children. We use the complete count 1940 Census to estimate selection-corrected place effects on education for children of Black migrants. On average, Black children gained 0.8 years of schooling (12 percent) by moving from the South...