Recent years have seen a surge of applied work using bunching approaches, a
development that is closely linked to the increased availability of administrative data. These …

The poor can and do save, but often use formal or informal instruments that have high risk,
high cost, and limited functionality. This could lead to undersaving compared to a world …

This paper discusses empirical approaches macroeconomists use to answer questions like:
What does monetary policy do? How large are the effects of fiscal stimulus? What caused …

This paper presents direct measures of capital costs, equal to the product of the required
rate of return on capital and the value of the capital stock. The capital share, equal to the …

A common objection to “sin taxes”—corrective taxes on goods that are thought to be
overconsumed, such as cigarettes, alcohol, and sugary drinks—is that they often fall …

Technology has facilitated new, nontraditional work arrangements, including the ride-
sharing company Uber. Uber drivers provide rides anytime they choose. Using data on …

In recent years, central banks have increasingly turned to forward guidance as a central tool
of monetary policy. Standard monetary models imply that far future forward guidance has …

The debate about behavioral economics–the incorporation of insights from psychology into
economics–is often framed as a question about the foundational assumptions of economic …

Tackling real-world socio-economic challenges requires designing and testing economic
policies. However, this is hard in practice, due to a lack of appropriate (micro-level) …

We analyze the effect of rising Chinese import competition between 1990 and 2007 on US
local labor markets, exploiting cross-market variation in import exposure stemming from …