In Making Payroll: Big Data on Small Business Payroll Growth and Volatility, we provide a new look at the employment challenges small businesses continue to face through the lens of payroll, growth, and volatility in this critical sector. Leveraging data from over 45,000 anonymized Chase small...

We document heterogeneity in the evolution of income growth since the Great Recession. Using administrative data on the incomes of over 7 million households, we estimate the extent to which lower-income households began to catch-up with higher earners in two distinct phases: first, as the labor...

Jones and Marinescu (2022) study the employment effects of a universal cash transfer in Alaska. Using a synthetic control method, they find that the transfer had no negative effects on employment. We reproduce the results using their replication package and investigate if the results hold when...

What are the effects of universal and permanent cash transfers on the labor market? Since 1982, all Alaskan residents have been entitled to a yearly cash dividend from the Alaska Permanent Fund. Using data from the Current Population Survey and a synthetic control method, we show that the...

Since the early 1980s, the U.S. economy has experienced a growing wage differential: high-skilled workers have claimed an increasing share of available income, while low-skilled workers have seen an absolute decline in real wages. How and why this disparity has arisen is a matter of ongoing...