Source Themes

Valuing Labor Market Power (Job Market Paper)

Abstract coming soon

New Frontiers: The Origins and Content of New Work, 1940-2018

Recent theory stresses the role of new job types (‘new work’) in counterbalancing the erosive effect of task-displacing automation on labor demand. Drawing on a novel inventory of eight decades of new job titles linked to United States Census …

Technology-Skill Complementarity and Labor Displacement: Evidence from Linking 150 Years of Patents with Occupations

We construct occupation-specific indicators of technological change that span two centuries (1850-2010) using textual analysis of patent documents and occupation task descriptions. We find strong evidence that much of technical change has been …

Intermediation Frictions in Equity Markets

Stocks with similar characteristics but different levels of ownership by financial institutions have returns and risk premia that comove very differently with shocks to the risk-bearing capacity of financial intermediaries. After accounting for …