This paper examines the effects of occupational licensing on the quality of Certified Public Accountants (CPAs), especially considering the adoption of the 150-hour rule, which increases the educational requirements for a CPA license.

The COVID-19 crisis has renewed concerns about the dangers of misinformation and its persuasive effects on behaviour. The US response to the pandemic is deeply divided along partisan lines. This study measured the effects of cable news in the US on regional differences in compliance with recommendations by health experts.

This paper documents the surge in China’s capital exports to the rest of the world during the past decades. While China’s dominant footprint in world trade is well known, its expanding role in global finance is poorly documented and understood. This paper helps fill this void by establishing the size, destination, and characteristics of China’s...

This study examines five racial and ethnic groups - people of Hispanic ethnicity and non-Hispanic whites, blacks, Asians, and American Indians. By analyzing rates of upward and downward mobility across generations for these groups, we quantify how their incomes change and predict their future earnings trajectories.