A Well-Being Snapshot in a Changing World

By Daniel J. Benjamin, Kristen B. Cooper, Ori Heffetz, and Miles Kimball

AEA Papers and Proceedings, May 2019

Although technology-driven economic growth generates gains in consumption and employment opportunities, it may also negatively impact other dimensions of well-being, such as emotional well-being or sense of stability. We study 204 aspects of self-reported...

Disability Benefits, Consumption Insurance, and Household Labor Supply

By David Autor, Andreas Kostøl, Magne Mogstad, and Bradley Setzler

American Economic Review, July 2019

There is no evaluation of the consequences of Disability Insurance (DI) receipt that captures the effects on households' net income and consumption expenditure, family labor supply, or benefits from other programs. Combining detailed register data from ...

Betting on beach tourism

[Research Highlight]

May 31, 2019

How do investments in the service sector affect economic growth in developing countries?

The fault in our superstars

[Research Highlight]

July 08, 2019

How do the firms of today match up with the firms of yesterday?

A cash and employment conundrum

[Research Highlight]

August 14, 2019

Why do cash-rich companies hire fewer workers?

Why did productivity drop after the Great Recession?

[Research Highlight]

July 12, 2019

Was it just bad luck, or was there something about how businesses responded that drove the slowdown?

Coping without benefits

[Page]

What happens to household spending when unemployment insurance dries up?

Bargaining the future

[Research Highlight]

September 17, 2019

Unions provide protections for teachers, but how do they affect students over the long run?

Weighing the impacts of fracking

[Research Highlight]

October 11, 2019

How should local communities think about the economic and welfare consequences of natural gas development?

Pulling up the jobs ladder

[Research Highlight]

October 28, 2019

When the employed start looking for work, they can crowd out the unemployed.

Sticky wages and recessions

[Research Highlight]

November 06, 2019

Unemployment in Indian villages was exacerbated when laborers resisted pay cuts during bad times.

2019 in Research Highlights

[Research Highlight]

December 16, 2019

Economists tackled populism, minimum wages, censorship, and more.

Alexa Prettyman on extending foster care

[Page]

How does extending foster care for young adults affect schooling, employment, homelessness, and incarceration?

Kenneth McLaughlin on the effect of minimum wage hikes on the workforce

[Page]

How does increasing the pay floor affect employment for teens and dropouts?

Rachel Sederberg on redesigning unemployment insurance

[Page]

Is there a better way to provide jobless benefits that isn't a one-size-fits-all program?

Not ready to retire

[Research Highlight]

January 27, 2020

The AEA interviews Christopher Tonetti about why older Americans would keep working if they had job flexibility.

Marketplaces, Markets, and Market Design

By Alvin E. Roth

American Economic Review, July 2018

Marketplaces are often small parts of large markets, and both markets and marketplaces come in many varieties. Market design seeks to understand what marketplaces must accomplish to enable different kinds of markets. Marketplaces can have varying degrees ...

Numbing the China shock

[Research Highlight]

March 06, 2020

Is there a link between free trade and deaths of despair?

Aggregate Recruiting Intensity

By Alessandro Gavazza, Simon Mongey, and Giovanni L. Violante

American Economic Review, August 2018

We develop an equilibrium model of firm dynamics with random search in the labor market where hiring firms exert recruiting effort by spending resources to fill vacancies faster. Consistent with microevidence, fast-growing firms invest more in recruiting ...

Corporate Cash and Employment

By Philippe Bacchetta, Kenza Benhima, and Céline Poilly

American Economic Journal: Macroeconomics, July 2019

In the aftermath of the US financial crisis, both a sharp drop in employment and a surge in corporate cash have been observed. In this paper, based on US data, we argue that the negative relationship between the corporate cash ratio and employment is syst...