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 ...

As of 2022, the share of US income accruing to labor is at its lowest level since the Great Depression. Updating previous studies with more recent observations, I document the continuing decline of ...

The association between immigration and crime has long been a subject of debate, and only recently have we encountered systematic empirical evidence on this issue. Data shows that immigrants, often ...

Increasing tax revenues is a major policy goal in many low- and lower-middle-income countries. While economic growth is an important determinant of taxation, available evidence indicates that it does ...

We conduct meta-analysis on a comprehensive set of studies of the impacts of US K-12 public school spending on student outcomes—estimating average marginal impacts and heterogeneity across contexts.

We quantify the commute time savings associated with work from home, drawing on data for 27 countries. The average daily time savings when working from home are 72 minutes in our sample. We estimate ...

This paper synthesizes what economists have learned about human capital since Becker (1962) into four stylized facts. First, human capital explains at least one-third of the variation in labor ...

This paper studies inequality in America through the lens of distributional macroeconomic accounts—comprehensive distributions of the aggregate amount of income and wealth recorded in the official ...

It is the policy of the American Economic Association to publish papers only if the data and code used in the analysis are clearly and precisely documented and access to the data and code is ...

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 ...