Policymakers and budgetary analysts have long argued that roads are heavily subsidized. The diffusion of spending among federal, state, and…
There is increasing interest in expanding Medicare health insurance coverage in the U.S., but it is not clear whether the current program…
Insurance markets often feature consumer sorting along both an extensive margin (whether to buy) and an intensive margin (which plan to buy…
On August 19, 2019, the U.S. Business Roundtable (BR), comprising the CEOs of more than 200 of America’s largest corporations, issued a new…
This paper investigates the formation of production and trading networks in an economy with general interdependencies and complex property…
This paper argues that historical analysis, necessarily written with hindsight, often underestimates the uncertainties of the past. We call…
We estimate the causal effects of parental incarceration on children’s short- and long-run outcomes using administrative data from Sweden.…
We study the drivers of financial distress using a large-scale field experiment that offered randomly selected borrowers a combination of (…
This paper tests for bias in consumer lending using administrative data from a high-cost lender in the United Kingdom. We motivate our…
Why do some state-led mass killings end quickly while others endure for over a decade? And why do some states murder millions of…