Open call for papers, Energy Markets and the Macroeconomy Conference. Meeting to be held in Cambridge on December 10–11, 2026. Submit papers by 11:59pm EDT on November 19, 2025. More information: https://www.nber.org/calls-papers-and-proposals/energy-markets-and-macroeconomy-conference

Examining how managers should deploy AI in sequential team workflows finds that optimal AI deployment is stochastic, replaces early and late positions in the workflow, and results in lower wage inequality, from Cheng, Dogan, and @profyildirim.bsky.social https://www.nber.org/papers/w34259

Studying the equilibrium and welfare implications of quantitative trade models with sector-level external economies of scale, from Dominick G. Bartelme, Yuyang Jiang, Konstantin Kucheryavyy, and Andrés Rodríguez-Clare https://www.nber.org/papers/w34258

Inflation surged over the period 2021 to 2023 from a classic fiscal shock. Higher interest rates cannot lower a future inflation without coordinated fiscal policy, from John H. Cochrane https://www.nber.org/papers/w34257

Outlining a research agenda and nine grand challenges for studying the economic impacts of transformative artificial intelligence, from Erik Brynjolfsson, @akorinek.bsky.social, and Ajay K. Agrawal https://www.nber.org/papers/w34256

Documenting the growth of ChatGPT since its launch in November 2022 and exploring usage patterns by conversation topic and user characteristics, from Aaron Chatterji, Thomas Cunningham, David J. Deming, Zoe Hitzig, Christopher Ong, Carl Yan Shan, and Kevin Wadman https://www.nber.org/papers/w34255

Studying the effects of state paid sick leave mandates on mental healthcare use, from Matthew Eisenberg, Yimin Ge, Ezra Golberstein, and Johanna Catherine Maclean https://www.nber.org/papers/w34254

Examining transfers from cash-rich parents to cash-short children when the latter experience negative wage shocks, from Andreas Fagereng, Luigi Guiso, Luigi Pistaferri, and Marius A. K. Ring https://www.nber.org/papers/w34253

For those who recognized National Alzheimer's Day on Sunday and are interested in staying informed on the latest related economics research, the NBER recently launched a free periodical: The Bulletin on the Economics of Alzheimer's Disease and Related Dementias https://www.nber.org/ba

Producing new sets of statistics on the rapidly growing set of nonemployer businesses, from Christopher Goetz, Henry R. Hyatt, Zachary Kroff, Kristin Sandusky, and Martha Stinson https://www.nber.org/papers/w34252

Discussing the evidence and often subtle interpretations of whether labor market gaps would close if racial gaps in human capital disappeared, from Owen Thompson https://www.nber.org/papers/w34251

A survey of how to use deep learning to solve equilibrium models in economics, from Jesús Fernández-Villaverde https://www.nber.org/papers/w34250

Greater future pension wealth in Chile leads people to invest more in preventive care and healthier habits—boosting diagnoses, lowering disease, and cutting mortality, from Grant Miller, Nieves Valdés, and Marcos Vera-Hernández https://www.nber.org/papers/w34249

Firms constrained by H-1B visa limits respond with more acquisitions—especially small, job-related, domestic deals—substituting talent with transactions, from Jens Friedmann, Britta Glennon, and Exequiel Hernandez https://www.nber.org/papers/w34248

Extending ideas originally proposed by Charles Manski in 1988 and considering quantile-welfare evaluations of health policy as an alternative to utilitarian evaluation, from Charles F. Manski and @johnmullahy.bsky.social https://www.nber.org/papers/w34247

Developing a new spatial stratification by using US Census data from 1970–2000 to measure neighborhood racial tipping. Measured effects are half or less of prior results, from Donald R. Davis, Matthew Easton, and Stephan Thies https://www.nber.org/papers/w34246

Restricted abortion access in Texas over the period 2009–2019 led to greater financial strain and increases in property crime, while violent crime was unaffected, from Erkmen G. Aslim, Wei Fu, Caitlin K. Myers, Erdal Tekin, and Bingjin Xue https://www.nber.org/papers/w34245

Markets believe in long-run AI growth impacts: long-maturity bond yields moved around AI-model releases in 2023 and 2024, but yields fell rather than rising, consistent with lower growth, from Isaiah Andrews and Maryam Farboodi https://www.nber.org/papers/w34243

In recent years, many countries have shifted toward illiberal democracy. This study shows how immigration can fuel such changes; democratic erosion accelerates out-migration, from Assaf Razin https://www.nber.org/papers/w34242

Bridging insights from the economics, finance, and accounting literatures to synthesize knowledge about the design and implementation of bank regulation and identifying areas where more work is needed, from Nina Boyarchenko, Kinda Cheryl Hachem, and Anya V. Kley... https://www.nber.org/papers/w34241

Automation exposure shifts corporate innovation toward AI with an innovation "J-curve": greater R&D inputs, immediate drop in patenting, but more original, general advances later, from Lin William Cong, Yao Lu, Hanqing Shi, and Wu Zhu https://www.nber.org/papers/w34240

When individuals are induced to work from home, they spend less time with work associates and do not substitute toward more time with individuals outside of their household, from Benjamin W. Cowan and Todd R. Jones https://www.nber.org/papers/w34239

Introducing new census tract-level databases to help better measure neighborhood change, from Edward L. Glaeser, Joseph Gyourko, and Braydon Neiszner https://www.nber.org/papers/w34238

US fishing laws requiring the rebuilding of overfished stocks led to a 52 percent recovery in fish populations and higher long-term revenues for most fisheries compared to counterfactuals from the EU, from Eyal G. Frank and Kimberly Oremus https://www.nber.org/papers/w34237

Tariffs raise manufacturing employment, but with a large drop in the short run, and more reallocation across manufacturing sectors in the long run than overall growth, from Joseph B. Steinberg https://www.nber.org/papers/w34236

Managed care plans for nursing home residents, known as Institutional Special Needs Plans, reduce costly hospitalizations by about 30 percent, from Momotazur Rahman, Brian McGarry, Elizabeth M. White, David C. Grabowski, and Cyrus M. Kosar https://www.nber.org/papers/w34235

Featured in the latest Digest: Expelling Japanese Americans Lowered US Farm Productivity https://www.nber.org/digest/202509/expelling-japanese-americans-lowered-us-farm-productivity

Households with foreign currency debt exposure during a large depreciation reduce consumption one-for-one with increased debt service, shifting to lower quality goods, from Győző Gyöngyösi, Judit E. Rariga, and Emil Verner https://www.nber.org/papers/w34234

The inability of households to share risks across states of nature or to smooth consumption over time is a form of resource misallocation. A new study quantifies this misallocation, from David R. Baqaee and Ariel Burstein https://www.nber.org/papers/w34233

A Texas policy that created a large for-profit teacher training industry improved access to teaching and lowered training costs without reducing student achievement, from Christa Deneault and Evan Riehl https://www.nber.org/papers/w34232

Workers are happier at Employee Stock Ownership Plan (ESOP) firms, which give them a say in collective work, or when they WFH, which gives flexibility in individual work. ESOPs had more WFH than other firms during the pandemic, from Richard B. Freeman and Huanan Xu https://www.nber.org/papers/w34231

An online experiment on flu vaccine hesitancy shows a large role for effectiveness and short-run side-effect risks, but not fear of needles or access, from Daniel W. Sacks and Justin R. Sydnor https://www.nber.org/papers/w34230

US political divisions are increasingly aligned with cultural values-based clusters that have been latent and stable for decades, from Klaus Desmet, Ignacio Ortuño-Ortín, and Romain Wacziarg https://www.nber.org/papers/w34229

Using longitudinal administrative data covering all North Carolina public school students to document five facts about first-generation academic excellence gaps, from Uditi Karna, John A. List, Andrew Simon, and Haruka Uchida https://www.nber.org/papers/w34228

Proposing new measures of economic interdependence based on an integrated accounting framework of global supply chains that incorporates the role of FDIs, from Zhi Wang, Shang-Jin Wei, Xinding Yu, and Kunfu Zhu https://www.nber.org/papers/w34226

An examination of the distinctive trajectory of American industrialization up to 1870 fresh perspective on American industrialization up to 1870, from @jlrosenbloom.bsky.social https://www.nber.org/papers/w34225

Developing a novel analytical method for studying optimal paths in dynamic optimization problems under general monotonicity conditions, from Zhuokai Huang, Demian Pouzo, and Andrés Rodríguez-Clare https://www.nber.org/papers/w34224

AI generated text is ubiquitous. Performing an audit of leading detectors displays nearly zero Type I and II errors, and proposing framework for implementation, from Brian Jabarian and Alex Imas https://www.nber.org/papers/w34223

Showing that longer intellectual property rights induce innovation—but only when they are actually enforceable in practice. The social cost of these missing innovation incentives is in the trillions, from Eric Budish, Maya M. Durvasula, Benjamin N. Roin, and Hei... https://www.nber.org/papers/w34222

Most US workers see fluctuating monthly earnings. Firms are one main cause. Workers don't like these volatile jobs as it makes their spending more volatile and they quit more, from Peter Ganong, Pascal J. Noel, Christina Patterson, Joseph S. Vavra, and Alexander... https://www.nber.org/papers/w34227

The role of college loans and loan repayment policies using a structural model in which individuals, faced with borrowing limits, make dynamic decisions on consumption, borrowing/saving, labor supply, and costly human capital investment, from Fu, Lin, and Tanaka https://www.nber.org/papers/w34221

Analyzing thousands of bank TV ads to show that banks' images of trust, service, and pricing shape customer demand, market power, and the transmission of monetary policy, from Xugan Chen, Allen Hu, and Song Ma https://www.nber.org/papers/w34220

Policymaking in China—once highly decentralized—has become markedly centralized since 2013, with significant consequences for policy suitability and effectiveness, from Kaicheng Luo, Shaoda Wang, and David Y. Yang https://www.nber.org/papers/w34219

Optimal income tax design requires reliable knowledge of the distribution of households. Misspecification concerns lower progressivity of optimal taxes especially at the top, from Anmol Bhandari, Jaroslav Borovička, and Yuki Yao https://www.nber.org/papers/w34218

Using labor force surveys from 160 countries to build a new microdatabase on hours worked covering 97 percent of the world population to explore working hours determinants, from Amory Gethin and Emmanuel Saez https://www.nber.org/papers/w34217

Analyzing a Chicago reform that awarded select principals greater autonomy over budgets and operations while holding resources largely unchanged, from C. Kirabo Jackson https://www.nber.org/papers/w34216

Early career mismatch matters: Overqualified are less motivated yet outperform others in the same job; underqualified exert more effort but still lag, from Julie Berry Cullen, Gordon B. Dahl, and Richard De Thorpe https://www.nber.org/papers/w34215

An experimental test of efficient coding shows that experience tends to crowd out the effect of descriptive information on optimal allocation of coding resources, from Cary Frydman and Lawrence J. Jin https://www.nber.org/papers/w34214

Public R&D investment in Brazilian agriculture increased agricultural productivity by 110 percent, with a benefit-cost ratio of 17, by catalyzing the development of locally appropriate technology, from Akerman, Moscona, Pellegrina, and Sastry https://www.nber.org/papers/w34213

Examining the evolving trends and policy dynamics of international student migration, focusing on their implications for STEM workforce development and innovation, from Ina Ganguli and Megan MacGarvie https://www.nber.org/papers/w34212