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There have been more than 500,000 opioid overdose deaths since 2000. To analyze the opioid epidemic, a model is constructed where individuals, with and without ...

This paper develops a macroeconomic model that combines an incomplete-markets overlapping-generations economy with a job ladder featuring strategic wage ...

It is a well-known fact that the college share in advanced countries has been increasing in the past several decades. This is generally attributed to the ...

Combining a variety of survey and administrative data, this paper measures the progressivity of taxes and transfers for each of the US states and contrasts it ...

The most popular method to acquire a job is to use one’s circle of acquaintances or social networks to find a position. However, in the current research, there ...

We study the consequences of “regime-induced” exchange rate depreciations by comparing outcomes for peggers versus floaters to the US dollar in response to a ...

We develop a method that identifies the effects of nationwide policy, i.e., policy implemented across all regions at the same time. In our method, we put ...

In a broad class of sticky price models, theory predicts that the ratio of the kurtosis to the frequency of price changes is a sufficient statistic for the ...

We use population data on capital income and wealth holdings for Norway to measure asset positions and wealth returns before individuals marry and after the ...

We study optimal tax design based on the idea that policy-makers face trade-offs between multiple margins of redistribution. Within a Mirrleesian economy with ...