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Insights / Research BriefApr 25, 2024

Location Sorting and Endogenous Amenities: Evidence from Amsterdam

Milena Almagro, Tomás Domínguez-Iino
Different demographic groups tend to prefer different types of amenities, and businesses respond by expanding amenities in neighborhoods with greater demand. This pattern reinforces residential sorting, with ambiguous effects on inequality.
Topics:  Industrial Organization
Insights / Research BriefApr 03, 2024

Optimal Urban Transportation Policy: Evidence from Chicago

Milena Almagro, Felipe Barbieri, Juan Camilo Castillo, Nathaniel Hickok, Tobias Salz
In Chicago, welfare would be increased by charging almost nothing for public transit, increasing the frequency of trains, and lowering the frequency of buses. Road pricing reduces environmental externalities, but only benefits travelers if the revenues are used for transit subsidies and rebates.
Topics:  Industrial Organization
Insights / Research BriefMar 12, 2024

Tax Policy and Investment in a Global Economy

Gabriel Chodorow-Reich, Matthew Smith, Owen M. Zidar, Eric Zwick
While the Tax Cuts and Jobs Act increased domestic investments of US-based multinational corporations, this extra revenue was offset by the higher cost of depreciation deductions. As a result, the 14-percentage-point tax rate cut resulted in large corporate tax revenue losses.
Topics:  Tax & Budget
Insights / Research BriefJun 08, 2023

Micro- and Macroeconomic Impacts of a Place-Based Industrial Policy

Enghin Atalay, Ali Hortaçsu, Chad Syverson, Mehmet Fatih Ulu
Turkey’s Law 2012/3305 boosted economic activity among businesses in eligible industries/provinces and led to positive spillovers to the suppliers and customers of subsidized firms. In the long run, the policy reduced income inequality between regions only moderately, due to migration and spillovers.
Topics:  Industrial Organization
Insights / Research BriefMay 10, 2023

Managers and Productivity in Retail

Robert D. Metcalfe, Alexandre B. Sollaci, Chad Syverson
Individual managers impact retail business productivity substantially; replacing a manager at the bottom of the quality distribution by one at the top could increase a store’s productivity by between 50% and 100%.
Topics:  Industrial Organization
Insights / Research BriefMay 03, 2023

Local And National Concentration Trends in Jobs and Sales: The Role of Structural Transformation

David Autor, Christina Patterson, John Van Reenen
Driven by the sizable shift in sales and employment from the relatively concentrated manufacturing sector to the relatively unconcentrated service sector, local concentration in sales has increased in parallel to national sales concentration, while local concentration in employment has declined, despite rising at the national level.
Topics:  Employment & Wages, Industrial Organization
Insights / Research BriefApr 27, 2023

The Short-Term Labor Supply Response to the Expanded Child Tax Credit

Brandon Enriquez, Damon Jones, Ernest V. Tedeschi
The COVID-era expansion of the Child Tax Credit, which temporarily increased the amount of the benefit and removed its work requirement, did not significantly reduce labor force participation among recipients.
Topics:  Tax & Budget
Insights / Research BriefApr 05, 2023

100 Years of Rising Corporate Concentration

Spencer Y. Kwon, Yueran Ma, Kaspar Zimmermann
US corporate concentration has increased persistently over the past century, with the manufacturing and mining sectors consolidating at a faster pace prior to the 1970s, and with the services, retail, and wholesale sectors taking the lead since. These long-run trends appear in line with stronger economies of scale.
Topics:  Industrial Organization