Daron Acemoglu, Simon Johnson, and James Robinson. Research associates Daron Acemoglu, Simon Johnson, and James Robinson have ...

(L to R) Daron Acemoglu, Simon Johnson, and James Robinson The researchers analyze data on the universe of port calls between 2016 and 2021 by bulk carriers with a deadweight of more than 10,000 tons.

This paper considers a firm that must issue common stock to raise cash to undertake a valuable investment opportunity. Management is assumed to know more about the firm's value than potential ...

The NBER Coordinating Center on the Economics of Alzheimer’s Disease and Alzheimer’s Disease-Related Dementias (AD/ADRD) ...

We examined financial literacy among the young using data from the 1997 National Longitudinal Survey of Youth. We showed that financial literacy is low among the young; fewer than one-third of young ...

Industrial policy has been used throughout history in some form or other by most countries. Yet, it remains one of the most contentious issues among policymakers and economists alike. In part, this is ...

We examine how deep agreements on domestic regulations affect welfare in a world where such agreements are influenced by producer lobbies. The answer to this question depends in a critical way on ...

This paper investigates the economic consequences of the 1882 Chinese Exclusion Act, which banned immigration from China to the United States. The Act reduced the number of Chinese workers of all ...

This survey reviews the growing use of patent data in economic analysis. After describing some of the main characteristics of patents and patent data, it focuses on the use of patents as an indicator ...

Immigration is often blamed for increasing unemployment among local workers. However, standard models, such as the neoclassical model and the Diamond-Mortensen-Pissarides matching model, inherently ...

Generative Artificial Intelligence (AI) is a potentially important new technology, but its impact on the economy depends on the speed and intensity of adoption. This paper reports results from the ...

Cecilia Rouse, president of the Brookings Institution and a professor at Princeton University, who chaired the Council...