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President-elect Trump's campaign promises included imposing broad tariffs to bolster U.S. manufacturing jobs, pursuing mass deportations to free jobs for U.S. citizens and ease the housing crunch, and assuming a greater role in setting monetary policy. How likely is it that these policies will be enacted and, if so, wh
Home insurance has traditionally protected people from catastrophic losses of what is, for many, their most valuable asset. But climate change has contributed to the increasing frequency and severity of destructive weather events and wildfires. Widespread losses stress the solvency of insurance markets while higher pre
The share of Americans working a full day from home rose from 7% in 2019 to 60% in the immediate wake of COVID in 2020. This share has now fallen to 25%, still well above its pre-COVID rate. What have the last four years revealed about the effects of working from home on productivity? Are employers right in worrying ab
Does the outcome of the 2024 election suggest a realignment of traditional voting patterns? Early data points to continuity along some dimensions, such as an expected anti-incumbency vote against Democrats. But there were also notable shifts among certain groups. For example, young people, who had largely tilted toward
New technologies often result in significant change. Perhaps the most salient effect of automation has been labor displacement. At the beginning of the 20th century, agricultural employment gave way to more productive, and higher paying, manufacturing jobs. The growing middle class generated demand for new products and
Japan's economy was seen as something of a juggernaut in the post World War II era, with growth averaging about 10% during the 1950s and 60s. Yet, in subsequent decades, with a stock market crash, and the bursting of a real estate bubble, Japan entered a period of stagnation and deflation, from which it is only now eme
