Droughts, floods, storms, and heatwaves are no longer isolated events—they are reshaping how people live, work, and thrive. Beyond damaged roads or lost harvests, disasters leave scars on health, education, and livelihoods that can last for years. Until now, bringing together climate and human capital data to measure these impacts has been complex and fragmented. […]
I have a new paper coming out in a symposium on power calculations in the journal Fiscal Studies, which puts together my tips for applied researchers on designing and analyzing powerful experiments. It pulls together some of the advice I’ve offered in this blog over the years, as well as from classes I teach on experimental design and […]
The traditional U-shape in wellbeing, with people’s life satisfaction lowest in their late 40s or early 50s, appeared to have been replaced around 2013-15 by wellbeing rising with age, driven by a collapse in the wellbeing of the young. This column uses survey data from 21 European countries to show while that the U-shape has […]
Standard models of asset pricing assume that risky (safe) financial assets have higher returns because they have higher (lower) exposures to systematic risk factors. They also typically assume that these exposures to risk and the degree of co-movement across assets are the same in good times and bad times. Yet, there is ample evidence that […]
