The pandemic-induced lockdowns and the global recession of 2020 that followed have created a highly uncertain global outlook. Globalization is stalling, social cohesion is being eroded by unrest and political polarization, and the still-unfolding economic crisis is threatening the livelihoods of...

Using a unique nationally representative sample of U.S. establishments surveyed in both 1993 and 1996, we examine the relationship between workplace innovations and establishment productivity and wages. Using both cross-sectional and longitudinal data, we find evidence that high-performance...

Much productive activity that once took place within a single firm now occurs when two firms collaborate to produce a new product such as a drug or software program. The agreements that govern these collaborations are not enforceable contracts; they lack standard terms such as prices and...