AbstractThis paper examines the individual and aggregate costs of ethnic discrimination. Studying Germans in the United States during World War I, an event that abruptly downgraded their previously high social standing, we show that anti-German sentime…
AbstractWhy do cities differ so much in productivity? A long literature has sought out systematic sources, such as inherent productivity advantages, market access, agglomeration forces, or sorting. We document that up to three-quarters of the measured …
AbstractWe document two stylized facts in expectational survey data. First, professional forecasters overrevise their macroeconomic expectations. Second, such overrevisions mask evidence of both over- and underreactions to public signals. We show that …
AbstractThis paper studies quality upgrading to escape competition from low-wage countries and proposes a new channel that does not rely on access to new inputs or markets. Informed by Peruvian apparel firms’ response to China’s WTO accession, I introd…
AbstractA key parameter in the analysis of wage inequality is the elasticity of substitution between skilled and unskilled labor. We show that the empirical literature is consistent with both publication and attenuation bias in the estimated inverse el…
AbstractGravity equations are an important tool in empirical international trade research. We study to what extent sector-level parameters can be recovered from aggregate gravity equations estimated via Poisson pseudo maximum likelihood. We show that i…
AbstractWorkplace safety policies are designed to ensure that employers internalize the costs of injuries, but employers can undermine these policies with threats of dismissal. We show that states’ adoption of the public policy exception to at-will emp…
AbstractWe propose methods to estimate and make inferences on conditional quantile processes for models with both nonparametric and (locally or globally) linear components. We derive their asymptotic properties, optimal bandwidths, and uniform confiden…
AbstractWe measure trends in affective polarization in twelve OECD countries over the past four decades. According to our baseline estimates, the United States experienced the largest increase in polarization over this period. Five countries experience…
AbstractThis paper develops a novel dataset of weekly economic conditions indices for the 50 U.S. states going back to 1987 based on mixed-frequency dynamic factor models with weekly, monthly, and quarterly variables that cover multiple dimensions of s…