As AI makes it possible to run startups with smaller teams, the days when it is prestigious for a company to have a large headcount may be over. The new status symbol and goal: $1 billion in valuation ...

Chandler (1977) shows that large firms require hierarchies of white-collar workers to coordinate complex production. We document that this insight continues to hold globally today, and we show that ...

We provide new evidence that short-run temperature shocks affect unemployment dynamics. Linking daily weather data with three decades of Current Population Survey microdata, we show that cold, but not ...