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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 …

Daron Acemoglu · Pascual Restrepo

Acemoglu and Restrepo examine the effects of automation in economies where labor market distortions cause some workers to earn rents—wages above their opportunity cost or outside option. The central …

Karam Jo · Seula Kim

Layer 1 — Overview Research Question. Jo and Kim ask two related questions: (1) How do firms use different types of innovation when learning others’ technology takes time? (2) How does this …

Fabio Bertolotti

This paper examines how anticipated changes in patent term affect R&D and innovation, using the U.S. ratification of the Trade-Related Aspects of Intellectual Property Rights (TRIPs) agreement in …

Silvia Miranda-Agrippino · Sinem Hacıoğlu-Hoke · Kristina Bluwstein

This paper constructs an instrumental variable for technology news shocks using patent applications, relaxing all identifying assumptions traditionally used in the news-shock literature. The IV is the …

Nail Kashaev · Natalia Lazzati · Ruli Xiao

This paper develops a general nonparametric model of discrete choice in which peers influence agents through two distinct channels: (1) the set of alternatives an agent considers (consideration set …

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 …

Michela Giorcelli · Bo Li

This paper estimates the causal effect of technology and knowledge transfers on early industrial development using the Sino-Soviet Alliance of the 1950s as a natural experiment. Between 1950 and 1957, …

Natalia Emanuel · Emma Harrington · Amanda Pallais

This paper studies how physical proximity to coworkers affects on-the-job training and productivity, using software engineers at a Fortune 500 online retailer observed from 2019 to 2024. The authors …