The Heterogeneous Earnings Impact of Job Loss Across Workers, Establishments, and Markets

By Susan Athey, Lisa K. Simon, Oskar N. Skans, Johan Vikström, and Yaroslav Yakymovych

American Economic Journal: Economic Policy

Using rich Swedish administrative data, we apply causal machine learning methods to study how earnings losses after job displacement vary with observable characteristics that may be relevant for targeting policy interventions for workers. Heterogeneity ...

The Economic and Regulatory Effects of Permitting Electric Utility Campaign Contributions

By Mark Van Orden

American Economic Journal: Economic Policy

This paper examines the economic and regulatory effects of legalizing electric utility campaign contributions. Exploiting variation in state campaign finance laws and the 2005 repeal of the Public Utility Holding Company Act, which lifted a federal ban...

Road Pricing with Green Vehicle Exemptions: Theory and Evidence

By Peter Nilsson, Matthew Tarduno, and Sebastian Tebbe

American Economic Journal: Economic Policy

We provide a framework for recovering second-best optimal tolls when policymakers exempt clean vehicles from congestion prices. Our framework includes congestion and emissions externalities, plus policy responses like changes in vehicle ownership, leaka...

Links Between Puzzles in Household Finance: Evidence from Employee Benefit Choices

By Adam Leive, Leora Friedberg, and Brent Davis

American Economic Journal: Economic Policy

Many people have difficulty making financial decisions. We show that the quality of two important decisions—health insurance and retirement saving—are positively correlated using administrative and survey data. People who choose a dominated health ...

The Two Sides of Discretion: Assessing Efficiency and Quality in Government Purchases

By Dimas Fazio

American Economic Journal: Economic Policy

Using a rule in Brazil exempting small-value public purchases from competitive bidding, this paper reveals an efficiency-quality trade-off in public procurement. Discretionary purchases are 17% costlier than auctions, but two-fifths of this premium ref...

Market Externalities of Tax Evasion

By Irene Di Marzio, Sauro Mocetti, and Enrico Rubolino

American Economic Journal: Economic Policy

This paper presents evidence of market externalities of tax evasion: firms’ tax non-compliance distorts the outcomes of their competitors. Using novel administrative data on Italian firms, we estimate tax evasion through firms’ manipulation of reve...

Measuring the Value of Disability Insurance from Take-Up Decisions

By Andreas Haller and Stefan Staubli

American Economic Journal: Economic Policy

The central trade-off for designing Disability Insurance (DI) is between providing insurance to those in need while maintaining incentives to work. This paper develops a novel revealed-preference approach to identify the insurance value of DI benefits....

Technology, Information and State Capacity: Experimental Evidence from Illegal Mining in Colombia

By Santiago Saavedra

American Economic Journal: Applied Economics

Illegal mining has negative social, environmental, and fiscal impacts on host countries. Monitoring technologies can help curb illegal activities by providing new information or the threat that the information is widely accessible. I used a technology ...

A Helping Hand Goes a Long Way: Long-Term Effects of Counseling and Support for Welfare-to-Work Program Participants

By Gustavo J. Bobonis, Aneta Bonikowska, Philip Oreopoulos, W. Craig Riddell, and Steven P. Ryan

American Economic Journal: Applied Economics

We study the long-term impacts of the Canada Self-Sufficiency Project Plus program, which randomly offered intensive employment support services to long-term welfare recipients eligible for temporary work subsidies. We link study participants to their f...

Noncompetes and the spread of ideas

[Research Highlight]

October 22, 2026

Kate Reinmuth and Emma Rockall discuss the effects of labor mobility restrictions on innovation.

Generalised External-Instrument SVAR Analysis

By Mario Forni, Luca Gambetti, and Giovanni Ricco

American Economic Journal: Macroeconomics

The External-Instrument SVAR-IV (Proxy-SVAR) framework is extended to accommodate non-invertible and non-recoverable shocks, with formal tests provided for recoverability and invertibility. The approach allows the estimation of unitvariance shocks, abs...

Monetary Policy and Employment: Do Financial Constraints Matter?

By Julien Champagne and Émilien Gouin-Bonenfant

American Economic Journal: Macroeconomics

We propose a simple empirical strategy that combines (i) administrative firm-level data, (ii) identified monetary policy shocks, and (iii) survey data on financing activities. The key novelty is a firm-level proxy for the likelihood of being credit cons...

Innovation through Inventor Mobility: Evidence from Noncompete Agreements

By Kate Reinmuth and Emma Rockall

American Economic Journal: Applied Economics, October 2026

Proponents of labor mobility restrictions argue that innovation incentives more than offset harm to workers. Yet the causal effect of such policies on innovation is an open empirical question. Leveraging plausibly exogenous state-level changes in the enfo...

Consumption Inequality in the Digital Age

By Kai Arvai and Katja Mann

American Economic Journal: Macroeconomics

This paper studies how digitalization affects consumption inequality. We assemble a novel dataset of digital technology in consumption, and establish that high-income households consume a larger share of digitally produced products than low-income house...

Corporate Debt Maturity and Business Cycle Fluctuations

By Francesco Ferrante, Andrea Prestipino, and Immo Schott

American Economic Journal: Macroeconomics

Long-term debt is the main source of firm financing in the United States. We show that accounting for debt maturity is essential for understanding business cycle dynamics. We develop a macroeconomic model with defaultable long-term debt and costly equity ...

CSMGEP Resources

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The Labor Market Returns to Delaying Pregnancy

By Yana Gallen, Juanna Schrøter Joensen, Eva Rye Johansen, Gregory F. Veramendi, and Gregory F. Veramendi

American Economic Review

We study the labor market impact of unplanned pregnancy among women using long-acting reversible contraceptives to delay pregnancy. While most women successfully delay, some have unplanned pregnancies, providing quasi-random variation in pregnancy tim...

ASSA 2027 AEA Mentoring and Networking Luncheon

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CSMGEP: Contributions & Funding

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When Opportunity Costs Others: The Spillover Effects of School Choice Lotteries on Criminality

By Andrew Bibler, Stephen B. Billings, and Stephen Ross

American Economic Journal: Applied Economics

While prior evidence suggests that school choice lottery winners have lower adult criminality, there is little evidence on how school choice lotteries impact non-applicants. We leverage variation in actual lottery winners, conditional on expected lottery...