Evidence from 100,000 Venture Capitalists (NBER Working Paper 35501), Blake Jackson and Ilya A. Strebulaev study whether individual differences among VC professionals—in education, work experience, ...

Entrepreneurship training is generally intended to improve founders’ chances of success. It may also create value by helping entrepreneurs recognize when a venture no longer warrants further ...

For asset pricing, the most important forces are those that systematically push the expectations of many investors in a common direction and thereby influence aggregate asset demand. The expectations ...

The employment rate for men declines by 18 percentage points between ages 51 and 61. If that decline were cut in half, the authors calculate that the average cognitive score would increase by about ...

To fill these gaps, beneficiaries must actively choose among several insurance options—enrolling in Medicare Advantage, adding private supplemental insurance to traditional Medicare, or, for those ...

Analyses of survey data may be confounded if people use response scales differently. We formalize and generalize the theory behind using “calibration questions,” such as vignettes, to correct for ...

California recently raised its minimum wage in the fast-food sector from $16.00 to $20.00 per hour. We present one-year and two-year fixed-horizon estimates of the effects of this policy on California ...

This paper looks at a broad array of evidence concerning the recent boom in home prices, and considers what this means for future home prices and the economy. It does not appear possible to explain ...

We use the price effects caused by the passage of rent control in St. Paul, Minnesota in 2021, to study the transfer of wealth across income groups. First, we find that rent control caused property ...

We study the automation and productivity effects of AI when production is a sequence of interdependent steps with a Leontief structure. Each step can be executed manually by labor, augmented with AI, ...

We examine how teacher strikes in the United States affect compensation, working conditions, and productivity with an original dataset of 745 teacher strikes between 2007 and 2024. Using an event ...

Extreme heat raises emergency demand and may increase mortality through hospital congestion when shocks hit many people at once. Using administrative records from Mexico’s largest public health system ...