The paper establishes a causal link from rising top income shares to reduced net job creation at small firms, working through a bank funding channel rooted in non-homothetic household portfolio …
PublishedAmerican Economic ReviewOnline 1 Oct 2025Published Oct 2025
Do individual political views shape firm behavior and labor market outcomes in the private sector? Specifically, do business owners sort copartisan workers into their firms, and does employers' …
Online FirstQuarterly Journal of EconomicsOnline 1 Jul 2026
This paper studies who bears the cost when unions raise worker wages — consumers, shareholders, other workers, or nobody, if productivity offsets the cost — using a legislative change in Norway that …