Rising income inequality has recently come centre‐stage as a core societal concern for rich
countries. The diagnosis of the forces driving inequality upwards and their relative …

In the current context of the COVID-19 pandemic, working from home (WFH) became of
great importance for a large share of employees since it represents the only option to both …

We show that the COVID-19 pandemic brought house price and rent declines in city centers,
and price and rent increases away from the center, thereby flattening the bid-rent curve in …

Many studies use shift-share (or “Bartik”) instruments, which average a set of shocks with
exposure share weights. We provide a new econometric framework for shift-share …

This paper shows that racial composition shocks during the Great Migration (1940–1970)
reduced the gains from growing up in the northern United States for Black families and can …

We classify the empirical literature on the wage impact of immigration into three groups,
where studies in the first two groups estimate different relative effects, and studies in the third …

We quantify the amount of spatial misallocation of labor across US cities and its aggregate
costs. Misallocation arises because high productivity cities like New York and the San …

Do natural resources benefit producer economies, or is there a “Natural Resource Curse”,
perhaps as the crowd-out of manufacturing productivity spillovers reduces long-term …

Exploiting geological variation and timing in the initiation of hydraulic fracturing, we find that
fracking leads to sharp increases in oil and gas recovery and improvements in a wide set of …

We estimate the effect of industrial robots on employment, wages, and the composition of
jobs in German labor markets between 1994 and 2014. We find that the adoption of …