The Development of the American Economy (DAE) program was one of the first research programs launched by Martin Feldstein in ...

This summary reviews our recent work on detecting and tackling collusive behavior in procurement auctions. Historically, antitrust agencies have taken a reactive approach to cartels, initiating ...

Supported by the National Institute on Aging grant #U54AG090084 ...

An extensive literature identifies the differential impact of immigration on natives employed in jobs that are more exposed to immigrant labor (supply exposure). But immigrants consume in addition to ...

Cecilia Rouse, president of the Brookings Institution and a professor at Princeton University, who chaired the Council... 2024 Methods Lecture, Susan Athey, "Analysis and Design of Multi-Armed Bandit ...

Supported by the National Institute on Aging grant #U54AG090084 ...

Using data from the National Health Interview Survey (NHIS), we construct two measures of the longevity of older wives and husbands. For definiteness, we focus on couples in which the wife was 60 and ...

With the goal of lowering incentives for alcohol and substance abuse, U.S. states have historically permitted private health insurers to deny reimbursement of medical claims stemming from alcohol or ...

Macro shocks produce high dispersion in firm-level equity returns, sales growth, and other outcomes. We show that this dispersion reflects observable differences in business characteristics. To do so, ...

Using unique small group market (SGM) data with detailed claims and enrollment information, we analyze the welfare gains across households in the SGM from alternative formulations of ACA health ...

We show long-term Treasury convenience yields are more sensitive to changes in Treasury supply than short-term Treasury convenience yields. The fiscal expansion in the past two decades and the ...

This disagreement reflects a 60-year history of misapplication of the neoclassical theory of investment to interpret empirical work and guide policy analysis. In this article I reconsider the ...