AI is often portrayed as a threat to higher education, with some administrators and professors focused on rooting out its use. But this approach fails to recognize that, in an AI-transformed world, the new dividing lines are technical capabilities and institutional pipelines that can quickly transform research into products.
This is part of our educational blog series, “The Short Form,” to simplify taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. issues and explore the world through the lens of tax policy. Learn more…
The authors thank Deirdre Bloome, Raj Chetty, David Deming, John Friedman, Jennifer Hochschild, Jesse Rothstein, Daniel Schneider, Maya Sen, David Weil, and the participants in the Stone Inequality Proseminar for helpful discussions. The authors also thank the admissions team at the participating institution for guidance and data access. The views expressed herein are those of…
“I’m actually earning more each week than I ever have before.”
Please enable JavaScript if it is disabled in your browser or access the information through the links provided below. June 24, 2026 Federal Reserve Board’s annual bank stress test confirms that large banks are well positioned to weather a severe recession and able to continue to lend to households…
Introduction Over the last few years, concerns have been raised that the existing international taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the costs of general government services, goods, and activities. system does not properly capture the digitalization of the economy. Under…
We are grateful to Maritz, LLC for providing the data necessary for this project. No authors accepted compensation from any party for conducting this research. We thank Zamir Ticknor for excellent research assistance. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic…
KYIV—Just as French aristocrats under the ancien régime could hardly imagine the abolition of their noble titles, most of today’s university leaders cannot conceive of a world in which the degrees they confer become worthless pieces of paper. The former were in for a rude awakening in 1790; the latter are barreling toward a similar shock.