We examine the relationship between oil price windfalls and labor market regulation empirically through panel regressions in a sample of 83 countries spanning 1970-2014. We find that oil price windfall gains lead to a deregulation of the labor market in autocracies but have no effects in...

I study the ramifications of the German short-time work (STW) scheme using novel administrative data on STW and drawing on evidence from establishment surveys that are linked to the administrative data. I show that, besides financial reasons, firms value and use STW because it allows them to...

Using e-filed Form 990 data, I construct a novel measure of unrestricted cash windfalls to examine the outcomes associated with windfalls for nonprofit organizations (NPOs). The evidence suggests that NPOs that receive windfalls tend to focus more on program (i.e., mission-focused) spending and...

This paper aims to determine how individuals react when windfall money incomes are taxed. Using Synthetic Difference in Differences and Synthetic Control Methods, we analyze the effects of the 2013 change in lottery winnings' taxation in Portugal and Spain. By analyzing EuroMillions sales data...

Natural resource revenues contribute to sustainable development when they are reinvested sufficiently in public services, such as education, that offer long-term social returns. Cross-country evidence suggests that resource-rich countries fail at this, spending less on public services than...