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Can a Temporary Boom Affect Productivity for Decades?

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By Ekaterina Gurkova   Spain’s housing boom of the 2000s is usually remembered for rapidly rising home prices, an expanding construction sector, and the severe recession that followed. But the boom also changed an important decision facing several cohorts of young people: whether to pursue higher education or enter the labor market. In her paper, […]

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UCLA Professor Will Rafey Featured on AEA Research Highlights Podcast

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UCLA economist Will Rafey is featured on the American Economic Association’s Research Highlights podcast discussing his research on environmental offset markets and wetland conservation. In the episode, Rafey explains how contracts to remediate or restore Florida wetlands generated substantial private gains from trade while also increasing regional flood damage by shifting wetlands away from areas […]