Universities exert a positive impact on the development of a region. They increase employment in high-tech and knowledgeintensive industries and raise long-term wages. Research results from universities are the basis for technological progress, new products, and start-ups. Framework conditions...

Using our own data on Artificial Intelligence publications merged with Burning Glass vacancy data for 2007-2019, we investigate whether online vacancies for jobs requiring AI skills grow more slowly in U.S. locations farther from pre-2007 AI innovation hotspots. We find that a commuting zone...

We use the German bombing of London during the Second World War as an exogenous source of variation to provide evidence on neighborhood effects. We construct a newly-digitized dataset at the level of individual buildings on wartime destruction, property values, and socioeconomic composition in...