Locked out of home ownership, young adults are turning to risky financial behaviour

(July 2025) - We conduct a field experiment with US households to study how expectations about long-run home price growth shape spending decisions. We exogenously vary survey respondents' expectations...

(Forthcoming Article) - We assemble a new data set spanning 150 years and 60 countries to study the economic toll of war. A war of average intensity is associated with an output drop of close to 10 pe...

It is commonly argued that citizens favour lower taxes, thereby exerting pressure for tax reductions that undermine the ability of governments to raise revenues. We argue that the ostensibly strong...

Abstract. In mid-2016, all journals of the American Economic Association stopped including significance stars in their regression tables. This policy aimed

This paper provides an institutional and empirical analysis of the highly concentrated market of academic publishing, characterized by over proportionally high profit margins for publishing companies....