Advancing technology is unlocking great potential in remote work opportunities by making it increasingly easy for work that used to be done in person to now be done remotely. Yet these changes have led some researchers to worry about the offshoring of U.S. jobs. In one influential estimate from...

Economists have been puzzled by the counterintuitive trend over the past several years in which the U.S. labor market has tightened but wage growth has been mediocre, at best. This paper first looks at the unemployment rate as a measure of labor market slack and finds that is not useful this...

In December 2015, the Federal Reserve raised interest rates above the zero lower bound for the first time in seven years. Over the next 2½ years, six more hikes occurred, bringing the target range of the federal funds rate to 1.75% to 2% by June 2018. Although each hike has come with...

2020 has been a year of profound change for businesses and professionals shaped by the global pandemic. As we approach the new year and reflect on the last nine months of the global shift to remote work, many may wonder what this experience will mean for the American workforce going forward. To...

More than half a year into the pandemic, remote work continues to be the reality for businesses across the country. Even as stay-at-home orders and lockdown measures have eased, many professionals are still working from their homes. This persistence, coupled with findings from early survey...

We report the results of a nationally-representative sample of the US population during the COVID-19 pandemic. The survey ran in two waves from April 1-5, 2020 and May 2-8, 2020. Of those employed pre-COVID-19, we find that about half are now working from home, including 35.2% who report they...

We report the results of a nationally-representative sample of the US population during the COVID-19 pandemic. The survey ran in two waves from April 1-5, 2020 and May 2-8, 2020. Of those employed pre-COVID-19, we find that about half are now working from home, including 35.2% who report they...

This paper examines the implications of sticky rents on the measurement of owner-occupied housing in the Consumer Price Index (CPI). I argue that market and not average rents are the most theoretically justified measurement of owners' equivalent rent (OER), and that the current measurement of...

Prediction markets are important information-aggregation tools for researchers, businesses, individuals, and governments. This paper provides an overview of why prediction markets matter, how they are regulated, and how the regulation can be improved. The value of prediction markets is...