There is a principle in economics that ought to be better known: any well-intentioned policy will backfire on those it’s ...

Initial GDP estimates rely on incomplete survey data—less than half from actual three-month surveys—with the rest from extrapolations. The Bureau of Economic Analysis refines these estimates at the ...

We ask to what extent the quantification of labor market power depends on the modeling of the long-term worker-firm employment relationship. We develop an oligopsony model with dynamic wage contracts.