AbstractUsing data on adults’ cognitive skills from nineteen countries, this paper shows that labor market conditions during the education-to-work transition affected workers’ long-term skill development. Workers who faced higher unemployment rates at …
AbstractWe examine gender differences in career progression and promotions using personnel data from the European Central Bank (ECB) during the period 2003–2017. A gender wage gap emerges within a few years of hiring, despite broadly similar entry cond…
AbstractWe examine gender differences in career progression and promotions using personnel data from the European Central Bank (ECB) during the period 2003–2017. A gender wage gap emerges within a few years of hiring, despite broadly similar entry cond…
AbstractThe principle that people should be held personally responsible for the consequences of their choices is a fundamental moral ideal in Western societies. We report from a large-scale experimental study of how far-reaching this principle is for i…
AbstractThe principle that people should be held personally responsible for the consequences of their choices is a fundamental moral ideal in Western societies. We report from a large-scale experimental study of how far-reaching this principle is for i…
AbstractJob insecurity can have wide-ranging consequences outside of the labor market. A 1999 rise in the French layoff tax paid by large private firms when they laid off older workers made younger workers less secure; this insecurity reduced their fer…
AbstractIndividualism has long been linked to economic growth. Using the COVID-19 pandemic, we show that such a culture can hamper the economy’s response to crises, a period with heightened coordination frictions. Exploiting variation in U.S. counties’…
AbstractThis paper shows that venture capital investment in start-ups increases innovation of established companies in technologically related fields due to knowledge spillovers. To address endogeneity issues, we instrument R&D expenditures of esta…
AbstractUsing 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 data set to facilitate identification. Consum…
AbstractWe evaluate electronic monitoring as an alternative to prison for nonviolent offenses. Leveraging plausibly exogenous variation in sentencing outcomes generated by quasi-random assignment of judges, we find electronic monitoring reduces reoffen…