We document that between 50% and 70% of changes in the US wage structure over the last
four decades are accounted for by relative wage declines of worker groups specialized in …

We provide a spatial theory of clean growth to assess the global impact of the rise of
renewable energy. We model the details of the combined production and transmission …

We develop a measure of workers' technology exposure that relies only on textual
descriptions of patent documents and the tasks performed by workers in an occupation. Our …

The unprecedented and rapid diffusion of generative AI represents a major disruption for the
labour market, bringing new opportunities and risks within the same transformation. Our …

We study capital-skill complementarity in a multi-sector framework featuring firm-specific,
multifactor production functions and allowing for firm-specific factor-price wedges. We …

We show that differential IT investment across cities has been a key driver of job and wage
polarization since the 1980s. Using a novel data set, we establish two stylized facts: IT …

We quantify firms' compliance costs of regulation from 2002 to 2014 in terms of their labor
input expenditure to comply with government rules, a primary component of regulatory …

Standard dynamic models of structural transformation, without knife-edge and counterfactual
parameter values, preclude balanced growth path (BGP) analysis. This paper develops a …

Technical change shifts the relative importance of certain economic activities over others,
effectively determining the incidence of barriers to the transition of workers across …

We develop measures of labor-saving and labor-augmenting technology exposure using
textual analysis of patents and job tasks. Using US administrative data, we show that both …