Many startups in the 2000s have remained private after achieving large valuations, a pattern that funding availability alone cannot explain. We propose that startups relying heavily on organization ...
Data centers are the physical infrastructure behind cloud computing, artificial intelligence, and enterprise software. The rapid diffusion of artificial intelligence (AI) is intensifying demand for ...
Constructing datasets from primary sources is one of the costliest tasks in empirical economics. We propose Deep Research on a Loop (DRIL), a methodology that uses AI agents to assemble datasets from ...
This paper uses Medicaid claims data from 2017-2021 to measure racial/ethnic disparities in mid-life mortality among low-income adults with disabilities receiving Supplemental Security Income (SSI).
Large Language Models (LLMs) are trained on a prodigious corpus of human writing and may reveal human preferences over characteristics of life courses, such as income, longevity, and working ...
Adjustment frictions can cause the long-run effects of social insurance reforms to differ from their short-run effects. Using pre-committed extensions of event study specifications applied previously ...
This paper examines how anti-harassment legal reforms that weaken non-disclosure agreements (NDAs) in cases of workplace sexual harassment affect startups' hiring and organizational decisions. Using a ...
The paper develops a framework for evaluating credential-coded algorithmic screens under existing civil rights law. AI-powered hiring tools trained on historical data often encode and automate ...
Researchers see the forward-looking version of Campbell-Shiller as a dynamic Gordon model, but this interpretation requires investors to consistently think in present-value terms and to know the cap ...
We review the burgeoning literature on the employment effects of minimum wages - in the United States and other countries - that was spurred by the new minimum wage research beginning in the early ...
This paper studies the effects of automation in economies with labor market distortions that generate worker rents—wages above opportunity cost—in some jobs. We show that automation targets high-rent ...
Why does the stock market rise and fall? From 1989 to 2017, the real per-capita value of corporate equity increased at a 7.2% annual rate. We estimate that 40% of this increase was attributable to a ...
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