We examine the characteristics of the individuals who become entrepreneurs when local
opportunities arise. We identify local demand shocks by linking fluctuations in global …

We study the effect of personal wealth on entrepreneurial decisions using data on mineral
payments from Texas shale drilling to individuals throughout the United States. Large cash …

How does expansion in the high-tech sector influence the broader economy of a region? We
demonstrate that an infusion of venture capital in a region leads to:(i) declines in the number …

Every year, roughly 27% of all jobs in the truck transportation sector (NAICS 484) are
reshuffled across motor carriers as existing carriers grow or shrink, new entrants begin …

Entrepreneurship plays a vital role in the economy, yet there exists little well-identified
research into the effects of taxes on startup activity. Using recently developed county-level …

Over the past decade the primary US crude benchmark, WTI, diverged considerably from its
foreign counterpart, Brent, sometimes selling at a steep discount. Some studies pointed to …

Between 2010 and 2020, the US coal industry experienced a 50% drop in production,
employment, and active mines, driven by regulatory factors and technological innovation in …

In this paper, we show that labor market shocks that overwhelmingly directly impacted
specific workers (male workers and workers with a high school education) in a specific …

Abstract The Spanish Christmas Lottery is the largest lottery worldwide. We exploit local
windfall gains arising from lottery prizes to estimate the effect of income on …

Every year, approximately 27% of all jobs in the US truck transportation sector (NAICS 484)
are reshuffled across motor carriers as existing carriers grow or shrink, new entrants begin …