Geography, Income, and Trade in the 21st Century -- by Dan Liu, Christopher...
We investigate the relationship between GDP per capita, trade costs, demand, and income inequality between 1996 and 2011. Specifically we apply the aggregate AIDS-based gravity model as developed in...
View ArticleLow-Skill and High-Skill Automation -- by Daron Acemoglu, Pascual Restrepo
We present a task-based model in which high- and low-skill workers compete against machines in the production of tasks. Low-skill (high-skill) automation corresponds to tasks performed by low-skill...
View ArticleThe Diffusion of New Institutions: Evidence from Renaissance Venice's Patent...
What factors affect the diffusion of new economic institutions? This paper examines this question by exploiting the introduction of the first regularized patent system, which appeared in the Venetian...
View ArticleOn the Estimation of Treatment Effects with Endogenous Misreporting -- by...
Participation in social programs is often misreported in survey data, complicating the estimation of the effects of those programs. In this paper, we propose a model to estimate treatment effects under...
View ArticleEndogenous Production Networks -- by Daron Acemoglu, Pablo D. Azar
We develop a tractable model of endogenous production networks. Each one of a number of products can be produced by combining labor and an endogenous subset of the other products as inputs. Different...
View ArticleWeak States: Causes and Consequences of the Sicilian Mafia -- by Daron...
We document that the spread of the Mafia in Sicily at the end of the 19th century was in part shaped by the rise of socialist Peasant Fasci organizations. In an environment with weak state presence,...
View ArticleThe Long-Run Effects of the Earned Income Tax Credit on Women's Earnings --...
We use longitudinal data on marriage and children from the Panel Study of Income Dynamics to characterize women's exposure to the federal and state Earned Income Tax Credit (EITC) during their first...
View ArticleThe Influence of Peer Genotypes and Behavior on Smoking Outcomes: Evidence...
We introduce a novel use of genetic data for studying social influences on behavior: Using data from the National Longitudinal Study of Adolescent to Adult Health (Add Health), we deploy the...
View ArticleThe Saudi Stock Exchange Performance Report – Annual Statistical Report...
At the end of the year 2017 Tadawul All Share Index (TASI) closed at a level of 7,226.32 points compared to 7,210.43 points for the previous year, gained 15.89 points 0.22%. The highest close level for...
View ArticlePieter Wuille
Speak softly and carry a big SegWit? If bitcoin saw its biggest and most controversial change this summer, the evolution can all be traced back to one developer. Still, the founder of the controversial...
View ArticleYao Qian
Call it the biggest short in history. China took plenty of actions against cryptocurrencies in 2017, banning ICOs, shutting down domestic exchanges and all but taking a match to what was once one of...
View ArticleJoe Lubin
Part sheriff? Part outlaw? Either way, Joe Lubin appears right at home in the "Wild West" of cryptocurrencies. The leader of a company that's part ethereum project incubator, part change-the-world...
View ArticleNaval Ravikant
If crypto assets really are the "Craziest Bubble Ever," then Naval Ravikant is the movement's elder statesman. The founder of AngelList, Ravikant didn't talk much about startups in 2017, instead...
View ArticleCharlie Lee
It's good to be Charlie. After years of working at the first "Bitcoin Unicorn," Lee stepped out on his own in 2017 to take up arms against those who would delay bitcoin technical development. His...
View ArticleJamie Dimon
"Bitcoin is a fraud." Four small words ignited a maelstrom when JPMorgan CEO Jamie Dimon took the stage at a conference in September. The blockchain world was never quite the same again. In response,...
View ArticleBitcoin Sign Guy
The man behind the sign steps into the light to reveal his motives. In a year beset by savage infighting, Bitcoin Sign Guy took a stand, with a small action that not only broke the internet, but raised...
View ArticleJihan Wu
Master of the ASICBoost, conjurer of Antbleed... Perhaps no character in the pantheon of industry leaders has been the subject of more conspiracy theories than Mr. Wu, a passionate bitcoin believer...
View ArticleAmber Baldet
In darkness or in light? Either way, Baldet seems right at home whether she's onstage at a banking conference or somewhere in the islands, posing for pictures at an "ethereum unicorn party." Will she...
View ArticleErik Voorhees
Erik Voorhees always seems slightly out of step. An early evangelist for the tech, Voorhees may be a rarity in that he has not only maintained but grown his relevance on the industry stage, all the...
View ArticleVideo: Bitcoin Sign Guy Tells All About Infamous Janet Yellen Photobomb
The man behind the sign steps into the light to talk about bitcoin's philosophy, its future and just what he was doing in D.C. that day.
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