Pay raises keep shrinking. Here’s how much smaller they’ll be next year.
One solution is getting a different job — but that’s not so simple.
One solution is getting a different job — but that’s not so simple.
We study how residential-commercial zoning affects the allocation of urban space. Using property-level data from Taipei and 34 U.S. metropolitan areas, we infer neighborhood-level zoning wedges from the allocation of residents, workers, and floor space. We find substantially greater dispersion in these wedges in U.S. cities than in Taipei, where mixed-use development is pervasive. The…
We thank Agostino Capponi, Lin Wlliam Cong, Phil Dybvig, Rodney Garratt, Allaudeen Hameed, Campbell Harvey, Emir Hrnkic, Kose John, Leonid Kogan, Erica Li, Yupeng Lin, Olga Klein, Evgeny Lyandres, Mei Luo, Simon Mayer, Danqing Mei, Katya Malinova, Karsten Muller, Dan Su, Gerry Tsoloukas, Xuan Tian, Charles Wang, Josh White, David Yermack, Yao Zeng, and Jin…
en English Economics Jul 20, 2026 Luis Carlos Reyes There is a growing tension in Colombia between the popular demand for a strong welfare state and a political system that cannot deliver on that promise unless it breaks free from malign…
Photo: This Is Engineering / Pexels Occupations typically held by women and university graduates, including roles in telemarketing, advertising and accountancy, are among those most at risk of being replaced by artificial intelligence (AI), the Australian government warned in a national report published on 30 June. The report, titled ‘AI and employment in Australia’, was…
Commerzbank reports that South Korea’s advance Q2 GDP rose 0.6% quarter-on-quarter and 3.7% year-on-year, beating expectations. Robust AI-related semiconductor demand and resilient domestic spending underpin growth. The strong data support prospects of a further 25bp Bank of Korea hike in August. USD/KRW fell to 1,475, with the Won aided by portfolio inflows into bonds and…
Most coverage of Eli Lilly (LLY 0.62%) focuses on one number: how much weight its drugs help people take off. The question that matters more for the rest of 2026 is a different one. How many people can now access those drugs in the first place? That shift, from a science story to a drug…