We begin by examining the fundamentals of monopsonistic wage determination. The core of the theory is a mapping from the distribution of worker outside options to wages. We study non-parametric shape ...

Socialists are often accused of ignoring or downplaying racism, or objectionably “reducing” it to class. But this ignores a ...

For Q4 2024, the Harding Loevner International Equit composite fell 8.6% (gross) behind the 7.5% decline of the MSCI ACWI ex ...

Smoking particularly fell rapidly among the lowest socio-economic quintile in New Zealand, which also had higher rates of ...

The implications of the DeepSeek release are massive, but one of the biggest is what this could mean for robotics. This may ...

The answer is usually yes — but not always, according to a new return-on-investment tool that’s gaining traction among ...

The paper examines fiscal consolidation in Ghana, comparing redistributionist (demand-side) and growthist (supply-side) approaches. Drawing on the Laffer Curve and U.S. economic history, it argues ...

Once considered a guaranteed gateway to lucrative careers, the MBA is under scrutiny as unemployment rates rise—even among ...

A new paper by Harvard economists David Deming and Lawrence H. Summers offers early evidence of artificial intelligence ...

The Trump administration’s bold policy initiatives to increase government efficiency and tighten immigration will likely have ...

The number of Americans filing new applications for unemployment benefits decreased last week, suggesting the labor market ...

U.S. producer prices increased solidly in January, offering more evidence inflation was picking up again and strengthening ...