Once a famous tale of conquest, law and foreign bond markets, the saga of the Silesian Bonds of 1734-37 is missing from the literature on sovereign debt. The Silesian Bonds were among the earliest foreign currency sovereign bonds issued. They go into the market 84 years prior to the 1818...

Whether targeted foundational instruction yields broad, long-term human capital gains is central to education policy but largely untested. We provide causal evidence from Zambia's government-run foundational skills program in public primary schools. After two years, a randomized trial shows the...

Immigration has become a central driver of U.S. labor force growth. We document new empirical findings that shed light on the relationships between immigration, labor shortages, wage growth, and job openings during the high-immigration period of 2021-2024. The textbook search-and-matching model...