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Place-Based Redistribution

By Cecile Gaubert, Patrick Kline, Damian Vergara, and Danny Yagan

American Economic Review, October 2025

We study optimal income taxation in a spatial equilibrium model with heterogeneous locational preferences, labor supply decisions, and competitive housing and labor markets. Expressions characterizing the optimal tax schedule in each community are provide...

The Value of Software

By Roberto Gómez-Cram and Alastair Lawrence

American Economic Review, October 2025

Software is one of the most important assets that needs to be priced in the digital economy. It has emerged as a disruptive technology, with companies primarily valued for their software offerings growing from 2 percent to 13 percent of market share betwe...

Diffusion of Reproductive Health Behavior through International Migration: Effects on Origin-Country Fertility

By Susan Godlonton and Caroline Theoharides

American Economic Review, October 2025

International migrants may facilitate the transmission of ideas across countries. We examine the impact of migrant exposure to reproductive health policies on origin-country fertility in the Philippines. We exploit temporal variation in destination-countr...

Politics at Work

By Emanuele Colonnelli, Valdemar Pinho Neto, and Edoardo Teso

American Economic Review, October 2025

We study how individual political views shape firm behavior and labor market outcomes using new microdata from Brazil. We first show that business owners are considerably more likely to employ copartisan workers. This phenomenon is in part driven by the o...