To illustrate this point, we construct the first database of annual US statutory tariffs from 1972 to 1988 and use it to explore the consequences of liberalization in the years spanning the Tokyo ...

This chapter explores the long-run implications of Artificial General Intelligence (AGI) for economic growth and labor markets. AGI makes it feasible to perform all economically valuable work using ...

This paper investigates how innovation responded to and shaped the economic impact of the American Dust Bowl, an environmental catastrophe that led to widespread soil erosion on the US Plains during ...

We study how Elon Musk's polarizing and partisan actions have impacted Tesla vehicle sales in the United States. Using county-level, monthly data on new vehicle registrations, we leverage how changes ...

This paper provides a comprehensive introduction to private debt, examines the key drivers behind its expansion, and frames the discussion around potential risk accumulation in the broader economy.

Leading AI firms claim to prioritize social welfare. How should firms with a social mandate price and deploy AI? We derive pricing formulas that depart from profit maximization by incorporating ...

We estimate the causal effect of aviation noise on housing prices using quasi-experimental variation from the Federal Aviation Administration's rollout of performance-based navigation (PBN) procedures ...

This paper examines the effects of tariffs along the supply chain using product-level data from a large U.S. wine importer in the context of the 2019-2021 U.S. tariffs on European wines. By combining ...

John Leahy and Casey Mulligan. NBER Research Associates John Leahy and Casey Mulligan have been tapped for new roles in the ...

We ask to what extent the quantification of labor market power depends on the modeling of the long-term worker-firm employment relationship. We develop an oligopsony model with dynamic wage contracts.

The 911 system, a vital component of public safety, responds to over 210 million emergency calls each year. We examine the effect of small exogenous public health stressors – pollen emissions – on the ...

We examine disparities in judicial outcomes among people charged with Driving While Intoxicated (DWI), a setting in which legal guilt is objectively determined by breath alcohol content (BrAC).