This paper synthesizes what economists have learned about human capital since Becker
(1962) into four stylized facts. First, human capital explains at least one-third of the variation …

Will COVID-19 end the urban renaissance that many cities have experienced since the
1980s? This essay selectively reviews the copious literature that now exists on the long-term …

Leveraging the Tennessee STAR class size experiment, we show that Black students
randomly assigned to at least one Black teacher in grades K–3 are 9 percentage points (13 …

This paper identifies the extent to which knowledge from US universities drives industry
agglomeration. Establishment-level data indicate faster growth in employment, wages, and …

Many datasets used in the social sciences have a hierarchical structure, where lower units of
aggregation are 'nested'in higher units. In many disciplines, such data are analyzed using …

What are the implications of information technology (IT) in banking for financial stability?
Data on US banks' IT equipment and the background of their executives reveals that higher …

Although technological change is widely credited as driving the last 200 years of economic
growth, its role in shaping patterns of inequality remains under-explored. Drawing parallels …

Online courses provide flexible learning opportunities, but research suggests that students
may learn less and persist at lower rates compared to face-to-face settings. However, few …

Based on the panel data of 285 prefecture-level cities in China, this paper empirically tests
the impact of digital economic development on carbon productivity by using a two-way fixed …

The concentration of organisations in a city or region allows companies to receive benefits
without additional costs and increase their productivity. It has been empirically proven that …