We propose rational disagreement as a formal framework for analyzing seemingly irrational behavior that can persist despite ...

We document and characterize a new history of U.S. federal-level industrial policies by scanning all 12,167 Congressional ...

Do generative AI models, particularly large language models (LLMs), exhibit systematic behavioral biases in economic and financial decisions? If so, how can these biases be mitigated? Drawing on the ...

Gender and racial/ethnic gaps in labor market earnings remain large, even among college-goers. Cross-gender and race/ethnic differences in choice of and returns to college major are potentially ...

We demonstrate nearly steady trends from 1973-2023 in the U.S. in the timing of when people work for pay, away from evening and night hours toward “usual” daytime hours. The trend is related to ...

We estimate heterogeneous responses to top-bracket tax reforms using a triple-difference design that exploits variation in tax rate changes and the thresholds at which they apply. This strategy ...

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Traditional valuation metrics for the U.S. stock market based on a comparison of the aggregate market value of U.S. corporations to measures of dividends, earnings, output, and the replacement cost of ...

In addition to working papers, the NBER disseminates affiliates’ latest findings through a range of free periodicals — the NBER Reporter, the NBER Digest, the Bulletin on Health, and the Bulletin on ...

This paper explores the effects of one nation's taxation of consumption on the welfare of future generations of other countries. To do this, it presents an otherwise standard one-good, two-country ...

Adult Black men persistently do not report to household-based surveys, with demographers estimating non-reporting rates of 7-14% from 1970-2020. We derive a method to account for incomplete data and ...

We investigate the dynamics of household deposits using account-level data from 12 million accounts across 154 U.S. credit unions. Significant skewness in the retail deposit distribution–with 10% of ...