Different methods of eliciting the marginal propensity to consume give very different distributions. Mean MPCs range from below 0.1, indicating life-cycle consumers, to over 0.5, consistent with consumers being hand-to-mouth. We conducted a randomized survey experiment to test if this difference...

This paper analyzes how ESG-linked executive compensation interacts with carbon taxation in a multitask principal-agent framework. A risk-neutral principal with financial and environmental preferences incentivizes a risk-averse manager to exert productive and abatement effort while facing an...

Structural transformation is a central driver of economic development, yet recent challenges such as premature deindustrialization have raised critical questions about whether low-income economies can still follow traditional growth paths that rely on manufacturing expansion to drive...

This paper studies gender gaps in labor-market outcomes, with a focus on job ladder dynamics. We show that women experience substantially lower wage growth conditional on prior wages despite nearly identical job-to-job transition rates for men and women. To reconcile these observations, we...

We study how faculty promotion decisions shape women's careers and the academic pipeline, using data from 4,000 Spanish university departments across all disciplines. We identify exogenous variation in promotions using the random assignment of evaluators to promotion committees between 2002 and...

Over the past years, governments have made substantial progress in tobacco control through higher taxes, advertising bans, and public smoking restrictions. Yet, in many advanced economies, smoking rates have stopped falling despite these strong measures. This stagnation suggests that traditional...

Most impact assessments of agricultural training evaluate one-time interventions over short time horizons. However, farmers may initially show enthusiasm for a new technology but subsequently dis-adopt it after a trial period, while others may adopt practices gradually over time. This study...

The educational distribution of U.S. immigrants shifted significantly to the right in recent decades as the share without a high school diploma fell and the share with a bachelor's degrees rose. This improvement coincided with a shift in immigrants' origins toward Asia and rising global...

Children and their parents resemble each other in terms of economic preferences such as patience and risk tolerance. What drives the intergenerational correlation in preferences? We build a model of preference formation that combines genetic transmission, state influence through childcare...

Standard models of the family assume that spouses share information. In this paper, we challenge this assumption with theory and evidence. We field a new survey module in the Dutch LISS panel where spouses independently report their knowledge of each other's finances. Private information is...