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 ...

We examine how information affects the choice between Social Security Disability Insurance (DI) and Old-Age Insurance (OAI) benefits for people between 62 and full retirement age. We find that ...

We study the employment effects of California’s $20 fast-food minimum wage. Evaluating this policy poses two challenges in commonly used aggregate datasets: coverage is based on 60-establishment chain ...

Motivated by William Julius Wilson’s account of concentrated disadvantage, we examine a local poverty-trap interpretation of low entrepreneurship in Black neighborhoods. Using registration data from ...

There is substantial heterogeneity in economic, educational, and health outcomes among American Indians, shaped by factors such as geographic location (urban vs. rural), resource endowments, and ...

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 ...

Probabilistic expectation questions are often used to measure subjective uncertainty, but respondents frequently assign all probability to one outcome. We show that this bunching is partly a survey ...

We study the 2026 U.S.–Israeli strikes on Iran, which occurred amid a nationwide anti-government uprising. Combining high-frequency geocoded data on protests with geocoded records of U.S.–Israeli ...

How do patent rights affect innovation and downstream production? Patent protection was introduced for plant biotechnology in the United States in 1985, and it affected crops differentially depending ...

We study the first statewide SNAP restrictions on sweetened beverages and candy. Restricted spending falls 11 percent; calories and sugar fall 5–8 percent. Substitution is asymmetric: eligible fruit ...

We study the aggregate and heterogeneous effects of a front-of-package labeling policy implemented in Chile. We find that consumers reduced their sugar and caloric intake by 9% and 6%, respectively.

We establish a reliable counterfactual for evaluating racial disparities in traffic stops using telemetric data to estimate the racial composition of motorists. We measure of motorist racial ...