We document and characterize a new history of U.S. federal-level industrial policies by scanning all 12,167 Congressional Acts and 6,030 Presidential Orders from 1973 through 2022. We find several ...

This volume explores the production economic statistics that accurately depict the complex racial and ethnic diversity of the US population in the twenty-first century. The chapters examine the ...

Adult Black men persistently do not report to household-based surveys, with demographers estimating non-reporting rates of 7-14% from 1970-2020. We derive a method to account for incomplete data and ...

This paper discusses a fundamental problem in measuring the growth of knowledge and comparing the skills of people. New skills emerge that are not just more of the previously acquired skills.

We investigate the dynamics of household deposits using account-level data from 12 million accounts across 154 U.S. credit unions. Significant skewness in the retail deposit distribution–with 10% of ...

This paper combines national accounts, survey, wealth and fiscal data (including recently released tax data on high-income taxpayers) in order to provide consistent series on the accumulation and ...

We use Chinese customs data to show that unofficial non-tariff barriers were responsible for 50\% of the overall reduction in Chinese imports from the U.S. during the height of the U.S.-China trade ...

This paper examines the extent to which changes in working-age shares associated with population aging might slow economic growth in upcoming years. We first analyze the economic effects of changing ...

We provide a comprehensive overview of earnings, income and wealth inequality based on the 2022 Survey of Consumer Finances from the United States. We document the current state of inequality and its ...

We study the optimal monetary policy response to the imposition of tariffs in a model with imported intermediate inputs. In a simple open-economy framework, we show that a tariff maps exactly into a ...

The "Easterlin paradox" suggests that there is no link between a society's economic development and its average level of happiness. We re-assess this paradox analyzing multiple rich datasets spanning ...

Using newly-assembled data encompassing up to 75 countries and starting circa 1910, we find that the Schumpeterian process of creative destruction aptly describes the replacement of large firms by ...