We present a model in which efficient long-term employment relationships are sustained by wage adjustments prompted by productivity shocks and outside job offers. These wage adjustments occur only ...

As recreational marijuana laws (RML) expanded marijuana access over the last decade, still very little is known about the impact of RML on two costly social behaviors that may arise as a consequence ...

We provide the first empirical evidence on how media-driven narratives influence cross-border institutional investment flows. Applying natural language processing techniques to one-and-a-half million ...

In this paper, we study how physicians’ family characteristics influence physicians’ behavior and patient health outcomes. Using administrative data from Denmark and the natural experiment of a ...

We provide a comprehensive analysis of the effects of minimum wages on blacks, and on the relative impacts on blacks vs. whites. We study not only teenagers – the focus of much of the minimum ...

Buy Now, Pay Later” (BNPL) is a key innovation in consumer payments. It bundles the sale of a product with a subsidized loan, effectively offering lower prices to low-creditworthiness customers. BNPL ...

Evolutionary accounts assert that while diversity may lower subjective well-being (SWB) by creating an evolutionary mismatch between evolved psychological tendencies and the current social environment ...

The NBER Coordinating Center on the Economics of Alzheimer’s Disease and Alzheimer’s Disease-Related Dementias (AD/ADRD) Prevention, Treatment, and Care conducts and coordinates a range of research ...