The use of managed retreats, or “buyouts,” of flood-prone properties is likely to grow as an adaptation response to increasing flood risks. This paper investigates the role of race and ethnicity in ...

We measure the convenience yield on dollar safe assets over the last 5 years to answer this question. We find that within the set of U.S. dollar assets, safe asset convenience yields are about the ...

Since the 1980s, the United States has experienced a pronounced saving glut of the rich, a large accumulation of assets among the top 1% of earners. We argue that this development partly reflects a ...

Rising Social Security Disability Insurance enrollment in the 1990s and 2000s was driven mainly by increasing entry rates among low-skilled women, while falling enrollment since 2013 is mainly due to ...

Identifying the impact of capital inflows on output is challenging because inflows are forward-looking and respond to expectations about future economic conditions. We develop a new measure of capital ...

We study China’s Grand Canal: when the Mongols moved the capital from the central plain to Beijing, the canal followed, bypassing the economic core it once served. Using a grid-year panel spanning ...

Pre-analysis plans (PAPs) can improve research reproducibility by reducing researchers’ degrees of freedom, but their value depends on adherence. We argue that large language models (LLMs) can provide ...

Will 21st century transportation innovations work against urban density, as the car did in the 20th century, or promote urban centralization, as the railroad did in the 19th century? Reducing the cost ...

With the growth of sales of e-cigarettes and other alternative nicotine products, governments face the new challenge of crafting public health messages that provide information to consumers about ...

We study a child-focused UPG in rural Malawi that augments the standard graduation bundle with early childhood development (ECD) training, targeting mothers with young children in a population that is ...

The No Surprises Act (NSA) capped patients' liability for surprise bills and established federal final-offer arbitration for insurer–provider payment disputes. Linking arbitration records to the ...

This paper examines an equity-motivated anti-scrappage policy in Brazil using a border-pair design that exploits state variation in the age thresholds for vehicle ownership tax exemptions. Using ...