Working Papers

We study how random variation in the availability of highly educated, foreign-born workers impacts firm performance and recruitment behavior.

While supply chain diversification helps mitigate climate risk, it exacerbates the distributional effects of climate change by reducing wages in regions prone to more frequent shocks.

We find that technology adoption greatly amplifies the multipliers' magnitudes, and it changes the ranking of priority sectors for industrial policy.

The authors demonstrate how the real estate agent compensation structure deviates from cost basis and may lead to elevated home prices, overused agent services, and prolonged home searches.