france flag on gray concrete building near road

Profit-Sharing in France: A Boost for Low-Skilled Workers

October 24, 2023
A recent NBER working paper (The Effects of Mandatory Profit-Sharing on Workers and Firms: Evidence from France by Elio Nimier-David, David Sraer & David Thesmar) examines France’s mandated profit-sharing scheme. This scheme obligates large firms to share excess profits with employees. But a few questions arises: are
Queen Marie Antoinette of France with her children Princess Marie Therese Charlotte of France and Dauphin Louis Joseph of France

Dear Elon, Remote Work Boosts Productivity and Fertility Rates

October 20, 2023
On Elon Musk’s Tesla’s Q3 earnings call, he argued against the rise of remote work, asserting that people who work from home are “detached from reality.” This perspective, contrasting sharply with his concerns about falling birth rates, paints a hypocritical image and a

Zoning Reform Passed: St. Paul Greenlights Multi-Family Housing

October 18, 2023
What’s new:  After delaying zoning reforms for a week, the St. Paul City Council approved a zoning plan enabling the construction of multi-family residences on plots previously limited to single-family homes. Why zoning reform matters:  The Twin Cities are grappling with an 80,000-unit
apartment architecture city colorful

Overeducated: Germany & The Role of Performance Pay 

October 17, 2023
Overeducated workers outperform and earn more than their coworkers in similar roles. Still, they lag behind peers with matching job qualifications in earnings. The big question? How they adjust to the pitfalls of overeducation. This working paper (Overeducation, Performance Pay and Wages:
architectural photography of red and brown house

Massachusetts Paid Family and Medical Leave Act: 2023 Updates

October 13, 2023
Why it matters: Massachusetts is updating its Paid Family and Medical Leave Act (PFMLA). This overhaul brings significant changes. These will affect both employers and employees. The modifications range from the expansion of benefits to adjustments in contribution rates. What’s new: Massachusetts
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UK Housing: Prices Fall, Affordability Unchanged, Promises Made

October 12, 2023
Highlights: Key Figures: Deep Dive: Even as UK housing prices continue to tumble, housing affordability is still a primary concern for potential buyers. A recent Royal Institution of Chartered Surveyors (RICS) report underscores this issue. Despite lower housing prices, other factors like lack