As a result of the GI Bill, returning World War II veterans were generally highly educated, but their locations following the war were uneven across cities in the US. Exploiting the spatial variation in the returning veterans driven by the network of veterans, I study the long run consequences...

This study examines the effect of macroeconomic shocks on the shipping market using time-series data by comparing the periods of the COVID-19 and traditional crises. A structural vector autoregressive model and forecast scenario were applied for the analysis. The results can be summarized as...