Personalizing policies can theoretically increase their effectiveness. However, personalization is difficult when individual types are unobservable and the preferences of policymakers and individuals are not aligned, which could cause individuals to misreport their type. Mechanism design offers...

The motherhood penalty is well-documented, but what happens at the other end of the reproductive spectrum? Menopause--a transition often marked by debilitating physical and psychological symptoms--also entails substantial costs. Using population-wide Norwegian and Swedish data and...

There is growing recognition of the relative importance of anthropogenic emissions of methane as a contributor to global climate change. An important source of such emissions in some countries, including the United States, is the oil and gas (O&G) sector. This points to the importance of...

Since the initial launch of inflation targeting in the early 1990s in New Zealand and a few other countries, inflation targeting has become the predominant monetary policy strategy in large advanced and emerging market economies. Inflation targeting has been remarkably successful in anchoring...

Over sixty years following Brown vs. Board of Education, racial and socioeconomic segregation and lack of equal access to educational opportunities persist. Across the country, voluntary desegregation busing programs aim to ameliorate these imbalances and disparities. A longstanding...

Browser data from an approximately representative sample of individual investors offers a detailed account of their search for information, including how much time they spend on stock research, which stocks they research, what categories of information they seek, and when they gather information...

School districts increasingly gauge school quality with surveys that ask about school climate and student engagement. We use data from New York City's middle and high schools to compare the long-run predictive validity of surveys with that of conventional test score value-added models (VAMs)....

This paper proposes that the adoption of the modern U.S. mortgage (i.e., low down payment, long-term, and fixed-rate)--led by the Federal Housing Administration (FHA) and Veteran's Administration (VA) loan insurance programs--set the stage for the mid-twentieth century U.S. baby boom by...

This paper uses U.S. Toxic Release Inventory data on air lead emissions to provide IV estimates of the effects of air lead concentration on infant mortality. The causal effect of lead on infant mortality is identified by annual variation in air fugitive lead emissions interacted with wind speed...

Using multiple administrative data sources from Norway, we examine how firm performance changes after entrepreneurs become parents. Female-owned businesses experience a substantial decline in profits, steadily decreasing to 30% below baseline ten years post-childbirth. In contrast, male-owned...