The paper finds that while work-from-home (WFH) is highly valued (worth 8% of wages) and more accessible to higher earners—suggesting increased inequality—the lower wage growth for WFH workers offsets this. Consequently, there’s no overall change in compensation inequality but a substantial increase in total compensation.
*** R&R Review of Economic Studies***Working from home leads to a 4% decrease in neighborhood burglaries for every 9.5pp increase in WFH. This is attributed to burglars avoiding occupied homes and increased surveillance (“eyes on the street”). High WFH areas, especially with prior burglary risks, see increased property value.
Remote work reshapes where workers spend time, impacting local personal service demand in England and Wales. A 20% drop in commuting leads to a 7% LPS spending fall. City centres see the largest spending reductions, while increases are widespread. Less affluent areas see fewer remote work benefits.
A new economic gender inequality (EGI) measure uses national labour income ratios. EGI equivalent to a billion women unpaid by 2017, driven by gender participation gaps. Asia and Africa see higher EGIs than Europe/Americas. Growth alone won’t bridge the most extreme gaps.
Using a new dataset, this paper maps US political donations as a social network, highlighting an increase in donation polarization and concentration. While traditional donation patterns persist, there’s a clear shift towards a smaller set of influential donors and politicians gaining prominence.
We construct a citizen-candidate model with multiple districts and endogenous parties. The model is able to provide quantitatively and qualitatively realistic results.
The study evaluates the influence of political parties on local fiscal policy in England and Wales from 1998-2015. It found that no party affected any aspect of fiscal policy, likely due to central government constraints.
Over 6.1M US citizens, especially black Americans, lose voting rights due to felonies. Using a new database, we reveal how this impacts political outcomes. Stricter laws lower voting likelihood, even among eligible individuals. Easing these laws promotes policy liberalism and black representation.
We show that real wages decline from the Boomer generation onwards, over the life course. Further analysis shows that this is true for almost all groups, at all income levels.