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This paper documents new facts on corporate taxation and the revenue potential of corporate minimum taxes, leveraging firm-level tax returns from 16 countries. First, effective tax rates follow a humped-shaped pattern with firm size: small firms b...
The Middle East and North Africa faces significant climate challenges, such as increasing temperatures, heightened flood risks, frequent droughts, and growing air pollution issues. These challenges are compounded by the large pro portion of the...
Global income inequality captures income differences among all individuals around the world. Global inequality around the world increased from 1820 to 1990 as incomes in richer countries grew faster than incomes in relatively poorer countries. How...
The Industrial Revolution (IR) involves a centuries-long process of economic and societal transformation driven by industrial and technological innovation. From agrarian, craft-based societies to modern systems powered by Artificial Intelligence (...
Despite widespread speculation about artificial intelligence’s impact on the future of work, we lack systematic empirical evidence about how these systems are actually being used for different tasks. Here, we present a novel framework for measurin...
Machine learning tools that transform texts into numbers, capturing their meaning and sentiment, expand the range of economic analyses. Central bank communications are particularly important: their speeches, press conferences and other texts conta...
We study how house price shocks affect marital stability and household labor supply. We address this question using a dynamic collective household model with limited commitment. We find that positive house price shocks increase the divorce rate, a...