We document and characterize a new history of U.S. federal-level industrial policies by scanning all 12,167 Congressional Acts and 6,030 Presidential Orders from 1973 through 2022. We find several ...

Traditional valuation metrics for the U.S. stock market based on a comparison of the aggregate market value of U.S. corporations to measures of dividends, earnings, output, and the replacement cost of ...

Adult Black men persistently do not report to household-based surveys, with demographers estimating non-reporting rates of 7-14% from 1970-2020. We derive a method to account for incomplete data and ...

We investigate the dynamics of household deposits using account-level data from 12 million accounts across 154 U.S. credit unions. Significant skewness in the retail deposit distribution–with 10% of ...

This paper examines the sharp decline in fertility across Latin America using both period and cohort measures. Combining Vital Statistics, Census microdata, and UN population data, we decompose ...

This paper discusses a fundamental problem in measuring the growth of knowledge and comparing the skills of people. New skills emerge that are not just more of the previously acquired skills.

In 2018, the US launched a trade war with China, an abrupt departure from its historical leadership in integrating global markets. By late 2019, the US had imposed tariffs on roughly $350 billion of ...

This paper combines national accounts, survey, wealth and fiscal data (including recently released tax data on high-income taxpayers) in order to provide consistent series on the accumulation and ...

This volume explores the production economic statistics that accurately depict the complex racial and ethnic diversity of the US population in the twenty-first century. The chapters examine the ...

This paper studies the critical but underexplored role of subcontracting in shaping the spatial and firm-level effects of federal government spending. Using newly available data on defense subcontract ...

Work requirements are often criticized for imposing administrative burdens that reduce access to benefits, yet prior research has struggled to isolate this mechanism from other sources of ...

This paper investigates whether economic hardship undermines preferences for honesty. We use controlled, high-stake measures ...