Standard deficit accounting neglects the growth dividend: the amount by which annual GDP growth shrinks the debt-GDP ratio. America's growth dividend has more than doubled since the Great Recession ...

Researchers cannot definitively interpret what the framers of the United States Constitution had in mind when they wrote of the general Welfare. Nevertheless, welfare economics can contribute to ...

We exploit a unique corpus of over 1,400 life narratives of older Americans collected by a team of writers during the 1930s. We combine detailed human readings with large language models (LLMs) to ...

Any fiscal path is sustainable if future fiscal policy responds sufficiently to high deficits. Previous work found that Congress reduced the deficit during 1984-2003 when projected deficits rose. We ...

To assess these tradeoffs, we estimate a dynamic model of residential solar adoption and system sizing in California using household-level data on solar irradiance, electricity consumption, and ...

Women remain disadvantaged in access to management positions around the world. We conduct a field experiment with 24 large garment factories in Bangladesh to test for inefficient representation of ...

The NBER coordinates graduate and post-doctoral fellowship programs supported by several federal and foundation funders. Fellowships are available for dissertation support for graduate students, and ...

How Do Researchers Become Affiliated Scholars? NBER affiliates are selected through a rigorous and competitive process that begins with a call for nominations each February. Program directors, with ...

Is the top tail of wealth a set of fixed individuals or is there substantial turnover? We estimate upper-tail wealth dynamics during the Gilded Age and beyond, a time of rapid wealth accumulation and ...

Charging infrastructure is critical to electric vehicle (EV) adoption, but for chargers to be most useful, EV drivers need to know in real time where they are and whether they are working and ...

Daughters as Safety Net? Family Responses to Parental Employment Shocks: Evidence from Alcohol Prohibition ...

We report on the wellbeing of the young in 31 Ex-Soviet Republics located in Eastern Europe and Central Asia. We find no evidence of the decline in the mental health of the young relative to older ...