Macroeconomic development remains an important policy goal because of its ability to lift
entire populations out of poverty. In our review of the literature, we emphasize that the best …

Amidst the rise of remote work, we ask: what are the effects of proximity to coworkers? We
find being near coworkers has tradeoffs: proximity increases long-run human capital …

This paper analyzes the link between wages and outside employment opportunities. To
overcome the fact that factors that affect a worker's outside options may also impact her …

This paper reviews and synthesizes the literature on the macroeconomic implications of
human capital theory. I begin with a review of the canonical model of education and the …

What determines the earnings of a worker relative to his peers in the same occupation?
What makes a worker fail in one occupation but succeed in another? More broadly, what are …

We investigate learning at the workplace. To do so, we use German administrative data that
contain information on the entire workforce of a sample of establishments. We document that …

How do consumer credit markets affect the allocation of workers to firms, output, and labour
productivity? We address this question in two steps. First, we use new micro-data to estimate …

A key aspect of human intelligence is their ability to convey their knowledge to others in
succinct forms. However, despite their predictive power, current machine learning models …

This paper builds a general equilibrium framework with firm and worker heterogeneity,
monopsony power, and task-based production to quantify the long-run effects of education …

Using panel data from 23 OECD countries, I document that wages grow more over the life-
cycle in countries where job-to-job mobility is more common. A life-cycle theory of job …