In previous work we have highlighted the importance of revisions to state constitutions that mandated that laws be general and uniform throughout the state. Indiana (in 1851) was the first state to ...

The well-known cashless-limiting result in Woodford (1998) has become the theoretical foundation for a large body of work that treats the costs and benefits of holding money as irrelevant for monetary ...

Fertility rates have fallen below replacement in most countries, fueling predictions of demographic collapse and even human extinction. These forecasts overlook a crucial fact: societies are not ...

We estimate the labor market impacts of Brazil’s 1993 outsourcing legalization using North-South variation in pre-legalization court permissiveness, and comparing security guards to less-affected ...

Under standard parameterizations of demand for healthcare and health insurance, estimates in the literature imply that moral hazard accounts for as much as half of the total value of risk protection ...

While numerous papers document the effects of mergers on cost and quality, the effects of hospital mergers on access to care are less certain. Merging hospitals may limit access by closing one of the ...

We provide a number of insights into the nature and consequences of monopsony power through the lens of comparative advantage, where employers’ power in wage setting stems from match-specific rents.

We demonstrate the passthrough of Treasury supply to bank deposits through bank market power. We show that a larger Treasury supply crowds out deposits with disproportionate effects in more ...

We study racial disparities in police use of force. A pervasive issue in studies of policing is that the available data are selected by the police. As a result, disparities computed in the observed ...

We estimate income and taxes for the wealthiest group of US households by matching Forbes 400 data to the individual, business, estate, and gift tax returns of the corresponding group in 2010–2020. In ...

We compare care for Black versus white patients following pulse oximetry, a widely-used device for measuring blood oxygen levels which over-estimates oxygen saturation in darker-skinned patients.

This paper develops a model for optimal airport arrival timing when travellers face uncertain travel times and can potentially board earlier flights. We show that access to earlier flights creates a ...