Firm Premia in Pay vs. Amenities
Anders Humlum, Booth School of Business, University of Chicago
This paper develops a new approach to measuring non-wage amenities and compensating differentials in the labor market. Using a survey of...
Navigating the Waves of Global Shipping: Drivers and Aggregate Implications joint with Jason Dunn
Fernando Leibovici, Federal Reserve Bank of St. Louis
This paper studies the drivers of global shipping dynamics and their aggregate impli- cations. We document novel evidence on the dynamics of...
Identification of Nonlinear Dynamic Panels under Partial Stationarity
Rui Wang, Ohio State University
This paper provides a general identification approach for a wide range of nonlinear panel data models, including binary choice, ordered...
The Long-Run Effects of Psychotherapy on Depression and Economic Outcomes
Gautam Rao, University of California, Berkeley
We study the long-run effects of therapy for depression on mental health and eco- nomic outcomes amongst adults in India. We revisit a...
Vertical Integration and Consumer Choice: Evidence from a Field Experiment
Alexander MacKay, University of Virginia
Platforms, retailers, and other firms often offer their own products alongside products sold by competitors, but this form of vertical...
Non-Discriminatory Personalized Pricing (joint with Philipp Strack)
Kai Hao Yang, Yale University
A unit mass of consumers with unit demands purchase a product from a monopolist. Consumers have a binary protected characteristic, which is...
Two puzzles in eliciting MPCs in surveys
Tom Crossley, University of Michigan
Eliciting the marginal propensity to consume (MPC) in surveys has become an important source of data for both researchers and policymakers....
Minimum Wages and Workplace Injuries with Michael Davies and R Jisung Park
Anna Stansbury, MIT Sloan
Do minimum wage changes affect workplace health and safety? Using the universe of workers' compensation claims in California over...
Urban-Biased Growth
Conor Walsh, Columbia University
After 1980, larger US cities experienced substantially faster wage growth than smaller ones. We show that this urban bias mainly reflected...
Informational Roots of Support for Right-Wing Populists: Evidence from Argentina (with Daron Acemoglu, Guillermo Cruces, Martin Fiszbein, Gaston Garcia Zavaleta and Carlos Molina)
Nicolás Ajzenman, McGill University
Support for populist and authoritarian regimes is rising worldwide, despite evidence that they tend to underperform economically. To examine...
Identification and Estimation of Causal Effects in High-Frequency Event Studies
Alessandro Casini, University of Rome Tor Vergata
We provide precise conditions for nonparametric identification of causal effects by high-frequency event study regressions, which have been...
Ideas Rents and Firm Growth with Timo Boppart, Peter Klenow and Reiko Laski
Huiyu Li, Federal Reserve Bank of San Francisco
Which firms drive aggregate growth? Price-earnings ratios differ markedly and persistently across publicly-listed firms. Large differences...
EXPERIMENTALLY VALIDATING WELFARE EVALUATION OF SCHOOL VOUCHERS
John Singleton, University of Rochester
We leverage a unique two-stage experiment that randomized access to private school vouchers across markets as well as students to estimate...
The Long-run Effects of Transportation Productivity on the US Economy
Kerem Coşar, University of Virginia
We quantify the aggregate, regional and sectoral impacts of transportation productivity growth on the US economy over the period 1947-2017....
Measuring the Effects of Aggregate Shocks on Unit-Level Outcomes and Their Distribution (with Stephanie Ettmeier (University of Bonn); Chi Hyun Kim (University of Bonn))
Frank Schorfheide, University of Pennsylvania
This paper studies the effect of aggregate shocks on micro-level outcomes. We develop and estimate a cross-sectional units vector...
The Effects of Widespread Online Education on Market Structure and Enrollment
Nano Barahona, University of California, Berkeley
We examine the rapid growth of Brazil's for-profit online higher education sector and its impact on market structure and enrollment....
A Theory of Choice Overload
Yeon-Koo Che, Columbia University
This paper revisits the classic Pandora’s box problem, studying a decision-maker (DM) who seeks to minimize her maximal ex-post regret....
An 'Austrian' Model of Global Value Chains
Pol Antràs, Harvard University
I develop a stylized model of multi-stage production in which the time length of each stage is endogenously determined. Letting the...
Joint Labor and Industrial Organization Seminar: Friday, April 25
Christopher Neilson, Yale University
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Nonlinear Fixed Points and Stationarity: Economic Applications
Simone Cerreia-Vioglio, Bocconi University
We consider the fixed points of nonlinear operators that naturally arise in games and general equilibrium models with endogenous networks,...
Who Chooses and Who Benefits? The Limits of Decentralized Choice
Christopher Campos, University of Chicago Booth School of Business
The majority of U.S. public school districts now offer school choice programs that allocate seats using a centralized algorithm but with...
