Robert E. Hall and Michael Woodford lauded for their work on the microeconomic foundations of macroeconomic fluctuations.

ASSA 2026 Annual Meeting will be held on January 3–5, 2026 (Saturday, Sunday, Monday) in Philadelphia, Pennsylvania. The headquarters hotel is Marriott Philadelphia Downtown.

The Tax Cuts and Jobs Act (TCJA) of 2017 introduced sweeping changes to individual and corporate taxation. We summarize the major provisions, trace the origins of the Act, and compare it to previous ...

We document variation in working conditions in the United States, present estimates of how workers value these conditions, and assess the impact of working conditions on estimates of wage inequality.

We document the sources behind the costs of job loss over the business cycle using administrative data from Germany. Losses in annual earnings after displacement are large, persistent, and highly ...

Tech clusters like Silicon Valley play a central role for modern innovation, business competitiveness, and economic performance. This paper reviews what constitutes a tech cluster, how they function ...

Venture Capital's Role in Financing Innovation: What We Know and How Much We Still Need to Learn by Josh Lerner and Ramana Nanda. Published in volume 34, issue 3, pages 237-61 of Journal of Economic ...

The Economics of Tipping by Ofer H. Azar. Published in volume 34, issue 2, pages 215-36 of Journal of Economic Perspectives, Spring 2020, Abstract: Tipping involves dozens of billions of dollars ...

Does economic activity move away from areas that are at high risk of recurring shocks? We examine this question in the context of floods, which displaced more than 650 million people worldwide in the ...

Nearly one billion people worldwide live in rural areas without access to national paved road networks. We estimate the impacts of India's 40 billion USD national rural road construction program using ...

We investigate the impact of a large and persistent economic shock on "deaths of despair." We find that areas more exposed to a plausibly exogenous change in international trade policy exhibit ...

All Classifications A: General Economics and Teaching B: History of Economic Thought, Methodology, and Heterodox Approaches C: Mathematical and Quantitative Methods D: Microeconomics E: Macroeconomics ...