A comprehensive understanding of economic deprivation requires examining income, the value of unpaid household services, and leisure. These concepts can be understood either through subjective utility or objective indicators such as measurable expenditures and time use, and much depends on how...

Economists widely rely on measures of inflation expectations and uncertainty elicited via density forecasts. This method, where respondents assign probabilities to pre-specified ranges, has been subjected to criticism particularly in the recent times of high and volatile inflation. We propose a...

In this paper, we examine the incidence of skill gaps among European employees. We identify the worker and firm level characteristics most commonly associated with skill gaps and investigate the extent to which this particular form of skill mismatch is associated with wage penalties. In 2021, we...

Developing reliable and practicable measures of economic preferences is a crucial task for empirical economic research with high value for both theory and applications. Here, we present results from a first comprehensive "behavioral validation analysis" of the Global Preference Survey Module...

We use data on Latino children in the United States who have been randomly assigned calculation tests in English or Spanish to check for the so-called bilingual advantage, the notion that knowing more than one language improves individuals' other cognitive skills. After controlling for different...

Developing reliable and practicable measures of economic preferences is a crucial task for empirical economic research with high value for both theory and applications. Here, we present results from a first comprehensive “behavioral validation analysis” of the Global Preference Survey Module...

Decision-makers tend to highlight the importance of their companies becoming resilient. The goal nevertheless stays hollow if there is no way to quantify and visualize firm resilience. However current scientific works appear to lack the drive for a robust foundation and empirical evidence,...

A crucial first step in helping consumers improve their financial lives is understanding their financial circumstances and well-being. The Financial Well-Being (FWB) scale measures a consumer's subjective well-being related to aspects of their financial circumstances. It is available in...

This paper develops a novel method to identify the causal contribution of managers to team performance. The method requires repeated random assignment of managers to multiple teams and controls for individuals' skills. A good manager is someone who consistently causes their team to produce more...

A basic function of government is to manage environmental risks. This requires measurement of how the public perceive different risks, but it is hard to measure risk perceptions in a neutral, unbiased way. In a pre-registered experiment with a nationally representative sample (N = 800), we...

Drawing on a comprehensive compilation of quantile shares and inequality measures for 34 countries, including over 5,600 estimated Gini coefficients, we review the measurement of income inequality in Latin America and the Caribbean over the last seven decades. We find that there is quite a bit...

In macroeconomic surveys, inflation expectations are commonly elicited via density forecasts in which respondents assign probabilities to pre-specified ranges in inflation. This question format is increasingly subject to criticism. In this study, we propose a new method to elicit inflation...

Time poverty is a key yet conceptually contested dimension of household living standards. Both univariate and bivariate measures remain debated because there is no clear consensus on how to define and quantify socially necessary unpaid work, the time that money cannot substitute for, across...

In this paper, we present the empirical methodology used to estimate the Levy Institute Measure of Time and Income Poverty (LIMTIP) for the United States over the period 2007-2022. We provide a step-by-step account of the statistical matching procedure employed to construct a synthetic dataset...

While research has highlighted the benefits of variability in leader behavior to help deal with different demands, erratic variability in behavior might be problematic. Preliminary research suggests that when leader behavior seems to vary unpredictably, followers can perceive it as inconsistent,...

Understanding poverty and well-being requires moving beyond income-based measures to account for how work and time are organized within households. While income and unpaid work sustain household living standards, in combination with leisure they determine how these standards are produced and...

The private sector offers reliable labor market data that policymakers, investors, and the public can use to guide their decisions. Revelio Labs provides monthly labor stats from billions of work records, tracking employment, openings, turnover, and pay. Alternative data is created beyond the...

Improper quality adjustment has long been identified as a source of potential measurement bias in consumer price indices (CPIs). However, as no benchmark for quality adjustment exists, it has always been difficult to estimate a potential bias. For this paper, we develop a corridor in which...

Empirical evidence suggests that social acceptance of redistribution depends on whether income differences result from preferences (of which individuals are responsible) or from circumstances. We propose a new empirical method that measures the importance of preferences in the distribution of...