E24

Boyan Jovanovic · Peter L. Rousseau

AI can improve decisions, raise firm productivity, and accelerate human capital growth through its effect on signal quality in problem-solving tasks, but the consequences are heterogeneous across the …

Almut Balleer · Georg Duernecker · Susanne Forstner · Johannes Goensch

Layer 1 — Overview Research question. The paper asks two questions: (1) How do workers’ biased expectations about job finding and job separation shape the labor market equilibrium and wages? (2) …

Panle Jia Barwick · Siyu Chen · Chao Fu · Teng Li

This paper estimates the causal effects of mobile app usage on college students’ academic performance, physical health, and labor market outcomes, while separately identifying behavioral …

Andreas Hornstein · Marios Karabarbounis · André Kurmann · Etienne Lalé · Lien Ta

This paper isolates the disincentive effects of pandemic unemployment insurance (UI) benefits on employment recovery, separating them from the simultaneously operating stimulative (demand) effects …

Jonathon Hazell · Bledi Taska

Layer 1 — Summary Hazell and Taska use wages posted on online job vacancies — matched to job titles and establishment identifiers from Burning Glass Technologies — to measure the wage for new hires at …

Cynthia L Doniger

Overview Research question. This paper asks how the cyclical sensitivity of wages varies with workers’ educational attainment, what mechanisms drive the differences, and what the welfare …

Serdar Birinci · Fatih Karahan · Yusuf Mercan · Kurt See

Overview Research question. The paper asks two related questions: (1) How much, and through which channels, do employer-to-employer (EE) worker transitions affect macroeconomic outcomes — particularly …

Jonathan Créchet · Etienne Lalé · Linas Tarasonis

Layer 1 — Overview Research question. The paper asks: what are the sources of cross-country differences in aggregate employment across European economies, and which types of worker flows — between …

Rüdiger Bachmann · Christian Bayer · Heiko Stüber · Felix Wellschmied

Layer 1 — Summary When employers face a trade-off between growing large and paying low wages — that is, when they have monopsony power — some productive employers will decide to acquire fewer …

Henrique S. Basso · Omar Rachedi

Robot Adoption and Inflation Dynamics Research Question Basso and Rachedi investigate how robot adoption influences inflation dynamics — specifically, whether the surge in automation during the 2000s …

Matthew J Delventhal · Andrii Parkhomenko

Delventhal and Parkhomenko build a quantitative spatial model of the United States to study how the rise of telecommuting reshapes the distribution of residents, jobs, and housing costs across and …

Unknown

This paper asks why unemployment rates differ so persistently across local labor markets, and what role job creation and job destruction play in generating those differences. The authors document a …

Julien Albertini · Arthur Poirier · Anthony Terriau

This paper studies the effect of the Earned Income Tax Credit (EITC) on educational attainment and labor market trajectories through two complementary approaches. Using policy discontinuities at U.S. …

Nils H. Lehr · Pascual Restrepo

Leading AI firms such as OpenAI and Anthropic publicly claim dual mandates of profit and social welfare, raising the question of whether—and how—a social mandate should change their pricing and …

Marta García-Rodríguez

This paper develops a Mortensen-Pissarides (DMP) search and matching model with internally rational (IR) agents who hold subjective beliefs about wages rather than perfect knowledge of the Nash …

Nicholas Kozeniauskas

The entrepreneurship rate in the United States—defined as the share of the labor force who own and actively manage a business with at least ten employees—declined by 26% between 1987 and 2015, a …