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Ilyana Kuziemko · Nicolas Longuet-Marx · Suresh Naidu

Why have less-educated voters in the United States abandoned the Democratic Party over recent decades? The paper argues that the Democratic Party's evolution on economic policy — specifically its …

Jorge García-Hombrados · Marcel Jansen · Ángel Martínez · Berkay Özcan · Pedro Rey-Biel · Antonio Roldán-Monés

This paper investigates how the ideological alignment between knowledge-disseminating institutions and policymakers affects the adoption of evidence-based policies. The core research question is …

Marianne Bertrand · Matilde Bombardini · Raymond Fisman · Francesco Trebbi · Eyub Yegen

This paper investigates whether institutional investors influence the political activities of their portfolio firms, using political action committee (PAC) giving as a window into the broader question …

Giulia Brancaccio · Karam Kang

This paper investigates whether intermediaries in the U.S. municipal bond market strategically exploit product design to increase search frictions and, through that channel, capture rents. …

Nicola Mastrorocco · Edoardo Teso

Mastrorocco and Teso study how the internal organization of a state evolves during national development, framing state capacity as an organizational — specifically a principal-agent — problem. Using a …

Desmond Ang · Sahil Chinoy

This paper provides the first causal evidence on how military service shaped Black civil rights activism in the aftermath of World War I. The research question is whether random induction into the …