This paper presents micro-empirical evidence on the effects of wage-setting decentralization. Our setting is Italy, where employers are required to comply with occupation- and industry-specific wage ...

Renewable electricity generation technology costs have fallen dramatically, investment has grown rapidly, and renewables are now a pillar of climate and decarbonization policy. Part of the credit for ...

Abstract We examine positive and normative questions that arise with the joint use of carbon taxes and green subsidies in an open economy. Moving from autarky to free trade induces countries to ...

This paper examines a new moral hazard in delegated decision-making: authors can embed hidden instructions—known as prompt injections—to bias AI referees in academic peer review, thereby hijacking ...

2025, Master Lecture, Edward Miguel, "Cash Transfers, Development and Health: Emerging Lessons from the Kenya General ...

Lecture on "The Fiscal Future," examining the trajectory of US government debt — which is projected to reach 156 percent of ...

The mergers we study – hospital acquisitions of physician practices – have reshaped the $1 trillion US physician industry, nearly doubling the share of physicians working for hospitals between 2008 ...

We analyze the effect of California's $20 fast food minimum wage, which was enacted in September 2023 and went into effect in April 2024, on employment in the fast food sector. In unadjusted data from ...

Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, ...

Over 22 years, from the launch of the NBER Retirement Research Center in 2003, through the addition of the NBER Disability Research Center in 2012 and their consolidation into the NBER Retirement and ...

Targeting distributional impacts is gaining importance in the design of environmental policy. To achieve this, policy makers are adopting advances in air transport models to predict the benefits of ...

We present a new model of competition between digital media platforms with targeted advertising. The model adds new insights around how user heterogeneity and overlap, along with user and advertiser ...