We estimate the long-run effects of the 1930s Home Owners Loan Corporation (HOLC) redlining maps on census tract-level measures of socioeconomic status and economic opportunity from the Opportunity Atlas (Chetty et al. 2018). We use two identification strategies to identify the long-run effects...

"The looming issue of automation is one of the more commonly discussed problems facing the American economy -- but it is not the only one. Big business has done much to accrue wealth for itself, while leaving the people behind. Our education system is inherently unequal, breaking along race and...

Applications to elite US colleges have more than doubled over the past 20 years, with little change in the number of available seats. We examine how this increased competition has affected the admissions advantage that legacies and athletes (LA) receive. Using data on Harvard applications over...