How does policy affect innovation and the digital economy? We revisit how standard product market regulation affects innovation and develop a novel framework for thinking about digital regulation. Using new establishment-level micro-data across 12 countries between 1998 and 2012, this paper...

Ridesharing has become ubiquitous throughout the United States, leading to a proliferation of academic studies and policy debates about its welfare implications. However, the overall social value of a ridesharing platform is still unclear because prior literature focuses only on the supply side...

While the elasticity of housing supply has served as a popular instrument for inferring the causal effect of housing price growth on economic outcomes, concerns about the exclusion restriction have emerged. We introduce a methodology for creating instruments using the pre-existing supply of...

Using daily consumer survey data, we analyze the transmission of gas prices to consumer beliefs and expectations about the economy. We exploit the high frequency and geographic disaggregation of our dataset to facilitate identification. Consumer sentiment becomes more pessimistic with rising gas...

We document three stylized facts regarding employment in financial services: (a) the share of science, technology, engineering, and math (STEM) workers grew by 30% between 2011 and 2017; (b) while the earnings premium of working in finance has grown, the STEM premium in finance has declined since 2011;...

Recycling has been touted as a cost-effective mechanism for improving environmental quality and raising employment. Using county-level data from California between 2004 and 2017, this paper exploits plausibly exogenous changes in the exposure of households' to hazardous waste recycling to...

The government is facing a severe shortage of skilled workers. The conventional wisdom in branches of policy and public administration is that the shortage is driven by low salaries that are not competitive for attracting top talent. Using longitudinal data on high skilled workers between 1993...

Over six million households experienced foreclosure during the financial crisis. Where did they move, how did they fare, and why? First, we create a new longitudinal dataset between 2006 and 2011 from households' date of foreclosure to their relocation. Despite significant heterogeneity in...

Using the National Compensation Survey between 2004-2017, we document three stylized facts and quantify cyclical heterogeneity among performance pay and fixed wage jobs. First, there is substantial dispersion in the incidence of performance pay, even within the same occupation; hourly...

The costs and benefits of environmental policy depend crucially on the assumed micro-elasticities between market and non-market goods. In their absence, general equilibrium models have assumed environmental amenities are perfect substitutes with market goods, such as consumption and leisure. The...