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January 8, 2025
Menu Adjustment in Response to the Minimum Wage: A Return to the New Jersey-Pennsylvania Border
Abstract This paper studies how output prices are affected by increases in the minimum wage. To the best of our knowledge, we provide the first examination of how the prices…
November 7, 2024
Introducing the “More Accurate Consumer Price Index”
Abstract Particularly since the 1990s, federal statistical agencies have worked to improve the ability of various price indexes to measure changes in the cost of living. However, in recent years,…
February 2, 2024
Has Intergenerational Progress Stalled? Income Growth over Five Generations of Americans
Abstract We find that each of the past four generations of Americans was better off than the previous one, using a post-tax, post-transfer income measure constructed annually from 1963-2022 based…
November 14, 2023
The Impact of Opportunity Zones on Private Investment and Economic Activity
Abstract Place-based policies aim to stimulate economic development in disadvantaged areas with the goal of improving the well-being of residents. A provision of the Tax Cuts and Jobs Act aimed…
October 30, 2023
Does Wage Theft Vary by Demographic Group? Evidence from Minimum Wage Increases
Using Current Population Survey data, we assess whether and to what extent the burden of wage theft — wage payments below the statutory minimum wage — falls disproportionately on various…
December 1, 2022
Was Rising Inequality Behind Falling Absolute Mobility? Reassessing Chetty et al. (2017)
In 2017, a widely publicized paper by a research team led by Harvard economist Raj Chetty found that while the vast majority of American kids born in 1940 ended up…