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Younger Firms and CEOs Allow More Work from Home

By Cevat Giray Aksoy, Jose Maria Barrero, Nicholas Bloom, Katelyn Cranney, Steven J. Davis, Mathias Dolls, and Pablo Zarate

òòò½Íø Papers and Proceedings, May 2026

We establish three facts about work from home (WFH) in the United States. First, employees WFH more often at younger firms—almost twice as often at firms founded after 2015 than before 1990. Second, employees working under younger CEOs have higher level...

Geopolitics and Shallow Integration

By Aaditya Mattoo, Michele Ruta, and Robert W. Staiger

òòò½Íø Papers and Proceedings, May 2026

The GATT/WTO system rests on reciprocity, nondiscrimination (MFN), and shallow integration—focusing on border measures while allowing domestic policy flexibility. Previous literature established the economic logic of these principles absent geopolitics....

Global Imbalances and Power Imbalances

By Christopher Clayton, Matteo Maggiori, and Jesse Schreger

òòò½Íø Papers and Proceedings, May 2026

We discuss the conditions under which global imbalances, such as China being a large foreign creditor and the United States being a large foreign debtor, might also generate power imbalances. We highlight possible theoretical channels and empirical measur...

Causal Inference with Satellite Imagery: A Comparison of Methods for Forest Conservation Data

By Haya Alsharif, Ashesh Rambachan, Rahul Singh, and Davide Viviano

òòò½Íø Papers and Proceedings, May 2026

Can satellite-based predictions substitute for traditional outcome measurements in program evaluation? Using forest cover data from the Democratic Republic of the Congo, Brazil, and Indonesia, we conduct semisynthetic simulations comparing estimation meth...

A Preview of the Predict-Then-Debias Bootstrap

By Dan M. Kluger, Kerri Lu, Tijana Zrnic, Sherrie Wang, and Stephen Bates

òòò½Íø Papers and Proceedings, May 2026

Predictions from complex machine learning models are increasingly used as input data in subsequent statistical analyses, yet their errors can bias estimators and lead to invalid confidence intervals. Existing approaches attempt to remedy this issue but of...

Competitive Bank Liability Design

By Saki Bigio, Pierre-Olivier Weill, and Diego ´Üúñ¾±²µ²¹

òòò½Íø Papers and Proceedings, May 2026

We study how competitive banks design liabilities that function as money in an economy with asymmetric information. Assets differ in risk exposure, and sufficiently risky assets cannot circulate in decentralized trade. Banks commit to state-contingent pay...

Teacher Content Knowledge in Indian Secondary Schools and Its Relationship with Student Learning

By Sabrin Beg, Anne Fitzpatrick, Jason T. Kerwin, Adrienne Lucas, and Khandker Wahedur Rahman

òòò½Íø Papers and Proceedings, May 2026

We combine data on math and English teacher content knowledge with student test scores from secondary schools in India. We find that content knowledge is low, particularly for English. Education and experience are correlated with English content knowledge...

The Leaky College Pipeline: Evidence from Administrative Data in Uganda

By Isaac Ahimbisibwe, Adrien Dautheville, Lenka Fiala, Saint Kizito Omala, and Wayne Aaron Sandholtz

òòò½Íø Papers and Proceedings, May 2026

We use linked administrative data from Uganda to track student progression from primary school through university scholarship admission, documenting large leaks in the education pipeline at every stage. Many high-performing students from poorer districts ...