The NBER Project on the Economics of Digitization provides new insights on the economic impact of the digitization of both commercial and personal activities, including the rise of digital media and ...

To study this, we extend the DeGroot model by introducing an AI aggregator that trains on population beliefs and feeds synthesized signals back to agents. We define the learning gap as the deviation ...

Nominal interest rates have real effects. Residential mortgages and other real world debt contracts require a sequence of constant nominal payments. Combined with payment-to-income constraints, these ...

Science of Science Funding is an NBER initiative, supported by the Alfred P. Sloan Foundation, which seeks to improve understanding of effective methods of supporting scientific research. Its goal is ...

This project advances the knowledge base associated with asset allocation and risk assessment for long-term investors and builds a research community interested in studying these questions. The ...

Keane, "Amortized Inference for Correlated Discrete Choice Models via Equivariant Neural Networks," NBER Working Paper 35037 (2026), ...

We develop a high-precision classifier to measure artificial intelligence (AI) patents by fine-tuning PatentSBERTa on manually labeled data from the USPTO’s AI Patent Dataset. Our classifier ...

Prior research has pointed to differences in organizational capital as a reason for the persistent performance discrepancies among otherwise similar firms. In this paper, we develop and validate a new ...

We develop a new approach to estimating earnings, job, and employment dynamics using subjective expectations data from the NY Fed Survey of Consumer Expectations. These data provide beliefs about ...

Americans. Nowadays, about half of the gap in hours worked has reversed. To evaluate the convergence of working hours, we develop a tractable model of labor supply enriched with multiple sources of ...

NBER's Training Program in Aging and Health Research, funded by the National Institute on Aging and NBER, under the direction of Professors Amy Finkelstein and David Cutler, gives outstanding ...

The NBER Macroeconomics Annual seeks to bring together the latest research on important and policy-relevant topics in macroeconomics. The span of research includes applied theory as well as empirical ...