We examine the relationship between new road infrastructure and local labor markets in India's manufacturing sector by exploiting the variation in completion times of a major highway construction project. Using firm and individual-level data, we find that the skill premium increases in districts...

We examine the relationship between road infrastructure and labor markets in India s manufacturing sector by exploiting the variation in completion times of a major highway construction project. The skill premium increases (i) in districts that are on a completed section of the highway project,...

This paper examines two important channels which influence the dynamic absorption of remittances at the macroeconomic level: (i) the presence of borrowing constraints, and (ii) the distribution of remittances across recipient households. Using an open economy DSGE model with heterogeneous...

Government spending on infrastructure has recently increased sharply in many emerging-market economies. This paper examines the mechanism through which public infrastructure spending affects the dynamics of the real exchange rate. Using a two-sector dependent open economy model with...

Although cannabis is federally prohibited, a majority of U.S. states have implemented medical cannabis laws (MCLs). As more individuals consider the drug for medical treatment, they potentially substitute away from prescription drugs. Therefore, an MCL signals competitor entry. This paper...

This paper examines to what degree trade, FDI and migration promote cellphone usage in developed and developing countries. Since the usage of cellphones requires the installation of costly infrastructure, I analyze the intensive and extensive margin of cellphone diffusion separately. Estimating...

Although cannabis is federally prohibited, a majority U.S. states have implemented medical cannabis laws (MCLs). As more individuals consider the drug for medical treatment, they potentially substitute away from prescription drugs. Therefore, an MCL signals competitor entry. This paper exploits...

We estimate the effect of asylum seekers on house prices in England and Wales from 2004 to 2015, and find, using panel data and time series methods, that the government's dispersal policies have had small but statistically significant negative effects on housing prices, especially for...

The UK housing market features some of the most expensive, yet smallest dwellings in Europe. Nonetheless, historically low policy rates fuel housing demand. But because incomes, regulatory and physical constraints differ across regions, so does the transmission of an aggregate policy shock. This...

We exploit a large shock to mass migration, the 1920s US Quota Acts, to causally identify the effect of migration restrictions on trade. Estimating a Difference-in-Difference (DiD) model with heterogeneous treatment effects, we derive several conclusions: First, the 1920's quotas lowered...