Can economic uncertainty make it easier for politicians to implement painful but beneficial reforms? Alessandra Bonfiglioli and Gino Gancia find evidence that indeed this is the case.
Jan Eeckhout and Nezih Guner analyze how federal income taxes affect the size of cities by characterizing how optimal taxes reallocate workers across cities in the United States, and the implications for the overall economy.
Are parents really picking their preferred schools or merely going the safe route? Caterina Calsamiglia and Maia Güell show that Barcelona’s school choice program leads parents to effectively pick a neighborhood-based schooling assignment for their children – and that some parents are not as naïve is they may seem.
Christopher Hansman, Jonas Hjort, and Gianmarco Leon explore the unintended health consequences of piecemeal regulations that ignore firm’s responses to new incentives by looking at the case of the 2009 Peruvian industrial fishing sector reform.