This paper documents how a one-time income shock can alter the household wealth
distribution through local housing market channels. In 1936, the United States government …

This paper identifies how bank branching benefited local economies during the Great
Depression. Using archival data and narrative evidence, I show how Bank of America's branch …

This paper identifies how bank branching benefited local economies during the Great
Depression. Using archival data and narrative evidence, I show how Bank of America's branch …

As the United States economy grew in the 1920s, both wealth and income inequality rose as
well. California land values were especially volatile as a variety of shocks buffeted the state. …

We look at the effect of immigration shocks on native workers in a labor niche by testing how
workers in the farm and nonfarm sectors were affected by the establishment of Russian …

We present a new series on the trend of occupational task content between 1900 and 2020.
We find that Black workers were concentrated in tasks that declined in demand over the last …

In financial crises, like the Great Recession, there are often large output and employment
losses from which the economy is unusually slow to recover. To isolate how these disruptions …

The 1920s in the United States were a time of high income and wealth growth and rising
inequality, up to the peak in 1929. It was an era of technological innovations such as …

… This was in Chicago long before we even got to Bremerton, so Elvera hated Sarah, and she
had to look no further than me and Quincy's faces to see Sarah, because we both favor her. …

Every now and then a sports film transcends the games it records. Watching such a film is a
breathtaking experience, feeling that trajectory that leaps beyond the concern over who wins. …