This article reviews the literature on automation and its impact on labor markets, wages,
factor shares, and productivity. I first introduce the task model and explain why this …

We study the use and economic impact of AI technologies. We propose a new measure of
firm-level AI investments using employee resumes. Our measure reveals a stark increase in …

We answer three core questions about the hypothesized role of newly emerging job
categories (“new work”) in counterbalancing the erosive effect of task-displacing automation …

This paper studies the effects of an historically large federal corporate income tax cut on US
firms and workers, leveraging quasi-experimental policy variation from the 2017 law known …

ABSTRACT We evaluate the 2017 Tax Cuts and Jobs Act. Combining reduced-form
estimates from tax data with a global investment model, we estimate responses, identify …

We present novel evidence on the effects of advanced technologies on employment, skill
demand, and firm performance. The main finding is that advanced technologies led to …

We develop a framework with worker heterogeneity, monopsony power, and putty-clay
technology in order to study the distributional impact of the minimum wage in the short and …

Goods producers increase their capital expenditure and employment in response to a cut in
marginal corporate income tax rates or an increase in investment tax credits. In contrast …

Taxation is a central economic policy tool; in recent years, governments use tax policy to
stimulate local economic growth, regulate multinational firms, and mitigate climate change …

A flourishing literature quantifies the corporate tax revenue losses from multinational profit
shifting to low-tax economies. Other consequences of international tax avoidance have …