The United States labor market has become less dynamic over the past three decades. This paper explores the contribution of housing market regulation towards these declines. First, a 1sd rise in housing market regulation is associated with a 0.11-0.22sd decline in the turnover rate. Second,...

The proportion of employees who work remotely has surged from under 5% to over 60% between January to March 2020, converging to roughly 28% of days working from home versus in the office as of 2023. This paper studies the allocation of time among workers in varying degrees of remote work jobs....

Minimum quality regulations are often justified in the child care market because of the presence of information frictions between parents and providers. However, regulations can also have unintended consequences for the quantity and quality of services provided. In this paper, we merge new data...

We exploit the staggered and discontinuous changes in interest rates among adjustable rate mortgages to identify the effects of foreclosures independently of housing prices. First, interest rate resets predict foreclosure, accounting for up to 18% of the change in foreclosures. Second, a 10%...

Ridesharing has become ubiquitous throughout the United States, leading to a proliferation of academic studies and policy debates about its welfare implications. However, the overall social value of a ridesharing platform is still unclear because prior literature focuses only on the supply side...

While the elasticity of housing supply has served as a popular instrument for inferring the causal effect of housing price growth on economic outcomes, concerns about the exclusion restriction have emerged. We introduce a methodology for creating instruments using the pre-existing supply of...

Using the National Compensation Survey between 2004-2017, we document three stylized facts and quantify cyclical heterogeneity among performance pay and fixed wage jobs. First, there is substantial dispersion in the incidence of performance pay, even within the same occupation; hourly...

Covid-19 has highlighted the fragility of supply chains in a range of critical infrastructure: food, medicines, health care, information technology, communications, and more. This paper focuses on an under-appreciated supply chain risk—network cybersecurity—that was present before the...