Mortgage markets and their regulation have been a focus of increasingly polarized political debates, reflected in an academic literature showing the impact of partisan politics on financial markets. Since the financial crisis, states have played an increasing role in regulating mortgage...

This paper presents a novel way automation can raise wages. Extending the Acemoglu-Restrepo model of automation to consider labor quality, we obtain a Remainder Effect: while automation displaces labor on some tasks, it raises the returns to skill on remaining tasks across skill groups. This...