NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

The NBER Reporter 2017 Number 2

Program and Working Group Meetings


Asset Pricing
Behavioral Finance
Chinese Economy
Cohort Studies
Corporate Finance
Development of the American Economy
Education and Children
Health Economics
Innovation Policy and the Economy
Insurance
International Finance and Macroeconomics
International Trade and Investment
Organizational Economics
Political Economy
Productivity, Innovation, and Entrepreneurship
Public Economics

Development of the American Economy

The NBER's Program on the Development of the American Economy met in Cambridge on March 18. Program Director Claudia Goldin of Harvard University organized the meeting. These researchers' papers were presented and discussed:

    James J. Feigenbaum, Princeton University and NBER; James Lee, Cornerstone Research; and Filippo Mezzanotti, Northwestern University, "Capital Destruction and Economic Growth: The Effects of Sherman's March, 1850-1920"

    Trevon Logan, Ohio State University and NBER, "Do Black Politicians Matter?"

    Henry S. Farber and Ilyana Kuziemko, Princeton University and NBER, and Suresh Naidu, Columbia University and NBER, "Unions and Inequality in Historical Perspective"

    Efraim Benmelech, Carola Frydman, and Dimitris Papanikolaou, Northwestern University and NBER, "Financial Frictions and Employment during the Great Depression" (NBER Working Paper No. 23216)

    Daniel K. Fetter, Wellesley College and NBER, "Local Government and Old Age Support in the New Deal" (NBER Working Paper No. 22760)

    Walker Hanlon, University of California, Los Angeles, and NBER, and Katherin Sudol, Quinnipiac University, "Pollution and Maternal Mortality: Evidence from the London Fog"

Summaries of these papers are at:
http://www.nber.org/confer/2017/DAEs17/summary.html

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Productivity, Innovation, and Entrepreneurship

The NBER's Program on Productivity, Innovation, and Entrepreneurship met in Cambridge on March 24. Program Directors Nicholas Bloom of Stanford University and Josh Lerner of Harvard University organized the meeting. These researchers' papers were presented and discussed:

    Miguel Antón and Mireia Giné, IESE Business School (Barcelona); Florian Ederer, Yale University; and Martin C. Schmalz, University of Michigan, "Innovation: The Bright Side of Common Ownership?"

    Lorenz Kueng, Northwestern University and NBER; Nicholas Li, University of Toronto; and Mu-Jeung Yang, University of Washington, "The Impact of Emerging Market Competition on Innovation and Business Strategy: Evidence from Canada" (NBER Working Paper No. 22840)

    Daron Acemoglu, MIT and NBER, and Pascual Restrepo, Boston University, "Robots and Jobs: Evidence from U.S. Labor Markets" (NBER Working Paper No. 23285)

    Dan R. Andrews, Chiara Criscuolo, and Peter N. Gal, OECD, "The Best versus the Rest: The Global Productivity Slowdown, Divergence across Firms, and the Role of Public Policy"

    Oriana Bandiera, London School of Economics; Stephen Hansen, University of Oxford; Andrea Prat, Columbia University; and Raffaella Sadun, Harvard University and NBER, "CEO Behavior and Firm Performance"

    Bilal Zia, World Bank, "Pathways to Profits: Identifying Separate Channels of Small Firm Growth through Business Training"

    Achyuta Adhvaryu, University of Michigan and NBER; Namrata Kala, Harvard University; and Anant Nyshadham, Boston College, "The Skills to Pay the Bills: Returns to On-The-Job Soft Skills Training"

Summaries of these papers are at:
http://www.nber.org/confer/2017/PRs17/summary.html

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Corporate Finance

The NBER's Program on Corporate Finance met in Chicago on March 24. Faculty Research Fellow Martin Oehmke of Columbia University and Research Associate Adriano A. Rampini of Duke University organized the meeting. These researchers' papers were presented and discussed:

    Jean-Noël Barrot and Erik Loualiche, MIT; Matthew C. Plosser, Federal Reserve Bank of New York; and Julien Sauvagnat, Bocconi University (Milan), "Import Competition and Household Debt"

    Francesco D'Acunto and Alberto G. Rossi, University of Maryland, "Ditching the Middle Class with Financial Regulation"

    Vyacheslav Fos, Boston College, and Andres Liberman and Constantine Yannelis, New York University, "Debt and Human Capital: Evidence from Student Loans"

    Gustaf Bellstam, Sanjai Bhagat, and J. Anthony Cookson, University of Colorado Boulder, "A Text-Based Analysis of Corporate Innovation"

    Peter M. DeMarzo, Stanford University and NBER, and Zhiguo He, University of Chicago and NBER, "Leverage Dynamics without Commitment" (NBER Working Paper No. 22799)

    Manuel Adelino, Duke University and NBER; Kristopher Gerardi, Federal Reserve Bank of Atlanta; and Barney Hartman-Glaser, University of California, Los Angeles, "Are Lemons Sold First? Dynamic Signaling in the Mortgage Market"

    Shai Bernstein, Stanford University and NBER; Emanuele Colonnelli, Stanford University; Xavier Giroud, MIT and NBER; and Ben Iverson, Northwestern University, "Bankruptcy Spillovers" (NBER Working Paper No. 23162)

    Julian Franks and Vikrant Vig, London Business School, and Oren Sussman, University of Oxford, "The Privatization of Bankruptcy: Evidence from Financial Distress in the Shipping Industry"

Summaries of these papers are at:
http://www.nber.org/confer/2017/CFs17/summary.html

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Asset Pricing

The NBER's Program on Asset Pricing met in Chicago on March 24. Faculty Research Fellow Ralph Koijen and Research Associate Itamar Drechsler, both of New York University, organized the meeting. These researchers' papers were presented and discussed:

    Markus K. Brunnermeier and Wei Xiong, Princeton University and NBER, and Michael Sockin, University of Texas at Austin, "China's Model of Managing the Financial System"

    Nina Boyarchenko and Matthew C. Plosser, Federal Reserve Bank of New York, and Valentin Haddad, University of California, Los Angeles, and NBER, "The Federal Reserve and Market Confidence"

    Tano Santos, Columbia University and NBER, and Pietro Veronesi, University of Chicago and NBER, "Habits and Leverage" (NBER Working Paper No. 22905)

    Peter Diep and Scott Richardson, AQR Capital Management, and Andrea L. Eisfeldt, University of California, Los Angeles, and NBER, "Prepayment Risk and Expected MBS Returns" (NBER Working Paper No. 22851)

    Hui Chen and Jiang Wang, MIT and NBER, and Anton Petukhov, MIT, "The Dark Side of Circuit Breakers"

    Serhiy Kozak, University of Michigan; Stefan Nagel, University of Michigan and NBER; and Shrihari Santosh, University of Maryland, "Shrinking the Cross-Section"

Summaries of these papers are at:
http://www.nber.org/confer/2017/APs17/summary.html

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Behavioral Finance

The NBER's Working Group on Behavioral Finance met in Chicago on March 24–25. Working Group Director Nicholas C. Barberis of Yale University organized the meeting. These researchers' papers were presented and discussed:

    Juhani T. Linnainmaa, University of Southern California and NBER, and Michael R. Roberts, University of Pennsylvania and NBER, "The History of the Cross Section of Stock Returns" ( NBER Working Paper No. 22894)

    Robin Greenwood and Andrei Shleifer, Harvard University and NBER, and Yang You, Harvard University, "Bubbles for Fama"(NBER Working Paper No. 23191)

    Ming Dong, York University (Toronto), and David Hirshleifer and Siew Hong Teoh, University of California, Irvine, "Stock Market Overvaluation, Moon Shots, and Corporate Innovation"

    Kent D. Daniel, Columbia University and NBER; Alexander Klos, University of Kiel (Germany); and Simon Rottke, University of Münster (Germany), "Overpriced Winners"

    Tobias J. Moskowitz, Yale University and NBER, "Asset Pricing and Sports Betting"

    Samuel M. Hartzmark, University of Chicago, and David H. Solomon, University of Southern California, "The Dividend Disconnect"

Summaries of these papers are at:
http://www.nber.org/confer/2017/BFs17/summary.html

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International Trade and Investment

The NBER's Program on International Trade and Investment met in Cambridge on March 31 and April 1. Program Director Stephen J. Redding of Princeton University organized the meeting. These researchers' papers were presented and discussed:

    Treb Allen, Dartmouth College and NBER, and Costas Arkolakis, Yale University and NBER, "The Welfare Effects of Transportation Infrastructure Improvements"

    Giulia Brancaccio, Princeton University; Myrto Kalouptsidi, Harvard University and NBER; and Theodore Papageorgiou, McGill University, "Geography, Search Frictions, and Trade Costs"

    Raymond Owens and Pierre-Daniel Sarte, Federal Reserve Bank of Richmond, and Esteban Rossi-Hansberg, Princeton University and NBER, "Rethinking Detroit" (NBER Working Paper No. 23146)

    Dávid K. Nagy, CREI (Barcelona), "City Location and Economic Development"

    Cheng Chen, University of Hong Kong, and Claudia Steinwender, Harvard University, "Import Competition, Heterogeneous Preferences of Managers, and Productivity"

    Federica Coelli, Andreas Moxnes, and Karen H. Ulltveit-Moe, University of Oslo, "Better, Faster, Stronger: Global Innovation and Trade Liberalization" (NBER Working Paper No. 22647)

    George Alessandria, University of Rochester and NBER; Horag Choi, Monash University (Melbourne); and Dan Lu, University of Rochester, "Trade Integration and the Trade Balance in China"

    Nicholas Bloom, Stanford University and NBER; Kalina Manova, University of Oxford; John Van Reenen, MIT and NBER; Stephen Sun, Peking University (Beijing); and Zhihong Yu, Nottingham University (U.K.), "Managing Trade: Evidence from China and the U.S."

Summaries of these papers are at:
http://www.nber.org/confer/2017/ITIs17/summary.html

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International Finance and Macroeconomics

The NBER's Program on International Finance and Macroeconomics met in Cambridge on March 31. Research Associates Laura Alfaro and Emmanuel Farhi, both of Harvard University, organized the meeting. These researchers' papers were presented and discussed:

    Markus K. Brunnermeier and Wei Xiong, Princeton University and NBER, and Michael Sockin, University of Texas at Austin, "China's Model of Managing the Financial System"

    George A. Alessandria, University of Rochester and NBER; Horag Choi, Monash University (Melbourne); and Dan Lu, University of Rochester, "Trade Integration and the Trade Balance in China"

    Ethan Ilzetzki, London School of Economics, and Carmen M. Reinhart and Kenneth S. Rogoff, Harvard University and NBER, "Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?" (NBER Working Paper No. 23134)

    Tarek A. Hassan, University of Chicago and NBER; Thomas Mertens, Federal Reserve Bank of San Francisco; and Tony Zhang, University of Chicago, "Currency Manipulation" (NBER Working Paper No. 22790)

    Anusha Chari, University of North Carolina at Chapel Hill and NBER, and Karlye Stedman and Christian Lundblad, University of North Carolina at Chapel Hill, "Taper Tantrums: QE, Its Aftermath, and Emerging Market Capital Flows"

    Alessandro Dovis, University of Pennsylvania and NBER, and Rishabh Kirpalani, Pennsylvania State University, "Fiscal Rules, Bailouts, and Reputation in Federal Governments"

    Andrei Levchenko, University of Michigan and NBER, and Nitya Pandalai-Nayar, Princeton University, "TPF, News, and 'Sentiments': The International Transmission of Business Cycles" (NBER Working Paper No. 21010)

Summaries of these papers are at:
http://www.nber.org/confer/2017/IFMs17/summary.html

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Public Economics

The NBER's Program on Public Economics met in Cambridge on April 6–7. Program Directors Amy Finkelstein of MIT and Raj Chetty of Stanford University and Faculty Research Fellow Nathaniel Hendren of Harvard University organized the meeting. These researchers' papers were presented and discussed:

    Caroline Hoxby, Stanford University and NBER, "The Returns to Online Education"

    Shanthi Ramnath, Department of the Treasury, and Patricia Tong, RAND Corporation, "The Persistent Reduction in Poverty from Filing a Tax Return"

    Magne Mogstad, University of Chicago and NBER, and Thibaut Lamadon and Bradley J. Setzler, University of Chicago, "Earnings Dynamics, Mobility Costs, and Transmission of Firm and Market Level Shocks"

    Randall Akee, University of California, Los Angeles, and NBER, and Maggie Jones and Sonya Porter, Bureau of the Census, "Adding Insult to Injury: Racial Disparity in an Era of Increasing Income Inequality"

    Jacob Mortenson, Joint Committee on Taxation, and Andrew Whitten, Department of the Treasury, "Bunching to Maximize Tax Credits: Evidence from Kinks in the U.S. Tax Schedule"

    Annette Alstadsæter, Norwegian University of Life Sciences; Niels Johannesen, University of Copenhagen; and Gabriel Zucman, University of California, Berkeley, and NBER, "Tax Evasion and Inequality"

    Alex Rees-Jones, University of Pennsylvania, and Dmitry Taubinsky, Dartmouth College and NBER, "Heuristic Perceptions of the Income Tax: Evidence and Implications for Debiasing" (NBER Working Paper No. 22884)

    Manasi Deshpande, University of Chicago and NBER, and Yue Li, University of Albany, "Who is Screened Out? Application Costs and the Targeting of Disability Programs"

    Hunt Allcott, New York University and NBER, and Judd B. Kessler, University of Pennsylvania and NBER, "The Welfare Effects of Nudges: A Case Study of Energy Use Social Comparisons" (NBER Working Paper No. 21671)

    Johannes Spinnewijn and Camille Landais, London School of Economics; and David G. Seim, Peter Nilsson, and Arash Nekoei, Stockholm University, "Adverse Selection in Unemployment Insurance: Evidence and Implications"

    Liran Einav, Stanford University and NBER; Amy Finkelstein; and Neale Mahoney, University of Chicago and NBER, "Provider Incentives and Health Care Costs: Evidence from Long-Term Care Hospitals" (NBER Working Paper No. 23100)

    Benjamin R. Handel, University of California, Berkeley, and NBER; Igal Hendel, Northwestern University and NBER; and Michael D. Whinston, MIT and NBER, "The Welfare Impact of Long-Term Health Insurance Contracts"

Summaries of these papers are at:
http://www.nber.org/confer/2017/PEs17/summary.html

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Insurance

The NBER's Working Group on Insurance met in Cambridge on April 7–8. Group co-directors Benjamin R. Handel of University of California, Berkeley, and Motohiro Yogo of Princeton University organized the meeting. These researchers' papers were presented and discussed:

    Michael Geruso, University of Texas at Austin and NBER, and Timothy J. Layton and Daniel Prinz, Harvard University, "Screening in Contract Design: Evidence from the ACA Health Insurance Exchanges" (NBER Working Paper No. 22832)

    Lorenzo Casaburi, University of Zurich, and Jack J. Willis, Harvard University, "Time vs. State in Insurance: Experimental Evidence from Contract Farming in Kenya"

    Zach Y. Brown, Columbia University, "An Empirical Model of Price Transparency and Markups in Health Care"

    Colleen Carey, Cornell University, "A Time to Harvest: Evidence on Consumer Choice Frictions from a Payment Revision in Medicare Part D"

    Hanming Fang, University of Pennsylvania and NBER, and Zenan Wu, Peking University (Beijing), "Multidimensional Private Information, Market Structure, and Insurance Markets" (NBER Working Paper No. 22773)

    Kate Ho, Columbia University and NBER, and Robin S. Lee, Harvard University and NBER, "Equilibrium Provider Networks: Bargaining and Exclusion in Health Care Markets"

Summaries of these papers are at:
http://www.nber.org/confer/2017/INSs17/summary.html

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Cohort Studies

The NBER's Working Group on Cohort Studies met in Los Angeles on April 14–15. Working Group Director Dora Costa of the University of California, Los Angeles, organized the meeting. These researchers' papers were presented and discussed:

    Kent Thornburg, Oregon Health and Science University, "Early Life Origins of Disease"

    Gunnar Brandén, Uppsala University (Sweden); Mikael Lindahl, University of Gothenburg (Sweden); and Björn Öckert, Institute for Evaluation of Labour Market and Education Policy (Sweden), "The Importance of Nature-Nurture Interactions in Skill Formation: Evidence from a Large Sample of Swedish Adoptees"

    Lewina Lee and Avron Spiro, Boston University, "Early Psychosocial Experiences and Trajectories of Cardiometabolic Risk in Later Life: Findings from the VA Normative Aging Study"

    Kris Inwood, University of Guelph (Ontario); Les Oxley, University of Waikato (New Zealand); and Evan Roberts, University of Minnesota, "Such a Rash Act: Wartime Experiences and Suicides after the Great War"

    Daniel Belsky, Avshalom Caspi, Terrie Moffitt and Jasmin Wertz, Duke University, and Richie Poulton, University of Otago (New Zealand), "Do Polygenic Influences on Educational Attainment Predict Crime? Findings from Two Birth Cohorts"

    Daniel Barth, University of Southern California; Nicholas Papageorge, Johns Hopkins University; and Kevin Thom, New York University, "Genetic Ability, Wealth, and Financial Decision-Making"

    Weili Ding, Queen's University (Ontario), and Steven Lehrer, Queen's University (Ontario) and NBER, "Are Genetic Markers of Interest for Economic Research?"

    Maya Rossin-Slater, University of California, Santa Barbara, and NBER, and Miriam Wüst, Danish National Centre for Social Research, "What is the Added Value of Preschool? Long-Term Impacts and Interactions with a Health Intervention" (NBER Working Paper No. 22700)

    Mary McEniry, University of Wisconsin-Madison; Carmen Elisa Flórez, Del Rosario University (Colombia); Renata Pardo, health consultant, Bogotá, Colombia; Rafael Samper-Ternent, University of Texas Medical Branch; and Carlos Cano-Gutierrez, Pontifical Xavierian University (Colombia), "Examining the Multigenerational Effects of Obesity and Stunting in a Latin American Middle Income Country: The Case of Colombia"

    Mayvis Rebeira, University of Toronto, "The Effect of Pension Income on Mortality: Evidence from Civil War Confederate Veterans"

    Arun Hendi, Duke University; Irma Elo, University of Pennsylvania; and Pekka Martikainen, University of Helsinki, "Birth Cohorts, Synthetic Cohorts, and Educational Differentials in Life Expectancy"

    Adriana Lleras-Muney, University of California, Los Angeles, and NBER, and Flavien Moreau, University of California, Los Angeles, "A Unified Law of Mortality: Implications for Economic Analysis"

    Audrey Lai and Andrew Noymer, University of California, Irvine, and Tsuio Tai, National Taipei University, "The Geometry of Mortality Change: Convex Hulls for Demographic Analysis"

    Vellore Arthi, University of Essex; Brian Beach, College of William and Mary; and Walker Hanlon, University of California, Los Angeles, and NBER, "Estimating the Recession-Mortality Relationship when Migration Matters"

    Valentina Duque, University of Michigan; Maria Rosales Rueda, University of California, Irvine; and Fabio Sanchez, University of Los Andes (Colombia), "Integrating Early Life Shocks and Human Capital Investments on Educational Outcomes"

    Achyuta Adhvaryu, University of Michigan and NBER, and Snaebjorn Gunnsteinsson, University of Maryland, "Resilience to Early Life Shocks"

Summaries of these papers are at:
http://www.nber.org/confer/2017/CSs17/summary.html

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Innovation Policy and the Economy

The NBER's Working Group on Innovation Policy, supported by the Ewing Marion Kauffman Foundation, met in Washington, D.C., on April 18. Working Group Director Scott Stern of MIT and Research Associate Josh Lerner of Harvard University organized the meeting. These researchers' papers were presented and discussed:

    Glenn Ellison, MIT and NBER, and Sara Fisher Ellison, MIT, "Search and Obfuscation in a Technologically Changing Retail Environment: Some Thoughts on Implications and Policy"

    Steven N. Kaplan, University of Chicago and NBER, "Are U.S. Companies Too Short-Term Oriented? Some Thoughts"

    Aaron Chatterji, Duke University and NBER, "Innovation and American K-12 Education"

    Andreas Nilsson, Sonanz (Germany), and David T. Robinson, Duke University and NBER, "What is the Business of Business?"

    Olav Sorenson, Yale University, "Innovation Policy in a Networked World" (NBER Working Paper No. 23431)

Summaries of these papers are at:
http://www.nber.org/confer/2017/IPEs17/summary.html

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Health Economics

The NBER's Program on Health Economics met in Cambridge on April 20–21. Program Director Michael Grossman of the Graduate Center, CUNY, and Research Associate Theodore J. Joyce of Baruch College organized the meeting. These researchers' papers were presented and discussed:

    Willa H. Friedman, University of Houston, and Nicholas Wilson, Reed College, "Money, Masculinity, and Men's Health: Experimental Evidence on Demand for a Preventive Health Input"

    Christopher Carpenter, Vanderbilt University and NBER, and Emily C. Lawler, Vanderbilt University, "Direct and Spillover Effects of Middle School Vaccination Requirements" (NBER Working Paper No. 23107)

    Daniel S. Grossman and Umair Khalil, West Virginia University, "Neighborhood Networks and Program Participation"

    John Cawley, Cornell University and NBER; Euna Han, Yonsei University (Seoul); Jiyoon Kim, Indiana University – Purdue University Fort Wayne; and Edward C. Norton, University of Michigan and NBER, "Testing for Peer Effects Using Genetic Data"

    Adam Leive, University of Virginia, "Dying to Win? Olympic Gold Medals and Longevity"

    Ali Moghtaderi, George Washington University, and Avi Dor, George Washington University and NBER, "Immunization and Moral Hazard: The HPV Vaccine and Uptake of Cancer Screening" (NBER Working Paper No. 22523)

Summaries of these papers are at:
http://www.nber.org/confer/2017/HEs17/summary.html

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Political Economy

The NBER's Program on Political Economy met in Cambridge on April 21. Program Director Alberto Alesina of Harvard University organized the meeting. These researchers' papers were presented and discussed:

    Ruben Enikolopov and Maria Petrova, Institute of Political Economy and Governance (Barcelona), and Alexey Makarin, Northwestern University, "Social Media and Protest Participation: Evidence from Russia"

    Nicola Fontana, London School of Economics, and Tommaso Nannicini and Guido Tabellini, Bocconi University (Milan), "Historical Roots of Political Extremism: The Effects of Nazi Occupation of Italy"

    Samuel A. Bazzi, Boston University; Arya Gaduh, University of Arkansas; Alexander D. Rothenberg, RAND Corporation; and Maisy Wong, University of Pennsylvania, "Unity in Diversity? Ethnicity, Migration, and Nation Building in Indonesia"

    Alberto F. Alesina; Stefanie Stantcheva, Harvard University and NBER; and Edoardo Teso, Harvard University, "Intergenerational Mobility and Preferences for Redistribution" ( NBER Working Paper No. 23027)

    Patrick Francois and Kairong Xiao, University of British Columbia, and Francesco Trebbi, University of British Columbia and NBER, "Factions in Nondemocracies: Theory and Evidence from the Chinese Communist Party" (NBER Working Paper No. 22775)

    Klaus Desmet, Southern Methodist University; Joseph F. Gomes, University of Navarra (Spain); and Ignacio Ortuño-Ortín, Carlos III University of Madrid, "The Geography of Linguistic Diversity and the Provision of Public Goods"

Summaries of these papers are at:
http://www.nber.org/confer/2017/POLs17/summary.html

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Education and Children

The NBER's Program on Children and the NBER's Program on Education met in Chicago on April 20–21. Co-directors of the NBER Program on Children Janet Currie of Princeton University and Anna Aizer of Brown University and Director of the NBER's Program on Education Caroline M. Hoxby of Stanford University organized this joint meeting. These researchers' papers were presented and discussed:

    Esther Duflo, MIT and NBER; Pascaline Dupas, Stanford University and NBER; and Michael Kremer, Harvard University and NBER, "The Impact of Free Secondary Education: Experimental Evidence from Ghana"

    Natalie Bau, University of Toronto, and Jishnu Das, World Bank, "The Misallocation of Pay and Productivity in the Public Sector: Evidence from the Labor Market for Teachers"

    Nicola Bianchi, Northwestern University, and Michela Giorcelli, University of California, Los Angeles, "Scientific Education and Innovation: From Technical Diplomas to University STEM Degrees"

    Barbara Biasi, Stanford University, "Unions, Salaries, and the Market for Teachers: Evidence from Wisconsin"

    Matthew A. Kraft, Brown University, "Teacher Effects on Complex Cognitive Skills and Social-Emotional Competencies"

    David N. Figlio, Northwestern University and NBER; Paola Giuliano, University of California, Los Angeles, and NBER; Umut Özek, American Institutes for Research; and Paola Sapienza, Northwestern University and NBER, "Long-Term Orientation and Educational Performance" (NBER Working Paper No. 22541)

    Elaine M. Liu, University of Houston and NBER, and Xuejing Zuo, University of Houston, "Cultural Assimilation, Peer Effects, and the Evolution of the Gender Gap in Risk Preferences"

    Kasey Buckles and Daniel M. Hungerman, University of Notre Dame and NBER, and Steven Lugauer, University of Kentucky, "Fertility Is a Leading Economic Indicator"

    Rucker Johnson, University of California, Berkeley, and NBER, and C. Kirabo Jackson, Northwestern University and NBER, "Reducing Inequality through Dynamic Complementarity: Evidence from Head Start and Public School Spending"

    Michael L. Anderson, University of California, Berkeley, and NBER; Justin Gallagher, Case Western Reserve University; and Elizabeth Ramirez Ritchie, University of California, Berkeley, "School Lunch Quality and Academic Performance" (NBER Working Paper No. 23218)

    Douglas Almond, Columbia University and NBER, and Yi Cheng, Columbia University, "Perinatal Health among One Million American-Born Chinese"

Summaries of these papers are at:
http://www.nber.org/confer/2017/CHEDs17/summary.html

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Organizational Economics

The NBER's Working Group on Organizational Economics met in Cambridge on April 28–29. Working Group Director Robert S. Gibbons of MIT organized the meeting. These researchers' papers were presented and discussed:

    David Cooper, Florida State University; Christos Ioannou, University of Southampton (U.K.); and Shi Qi, College of William and Mary, "Coordination with Endogenous Contracts: Incentives, Selection, and Strategic Anticipation"

    Claudine M. Gartenberg, New York University; Andrea Prat, Columbia University; and George Serafeim, Harvard University, "Corporate Purpose and Financial Performance"

    Marshall Ganz, Harvard University, "Leading Change: Stories, Strategy, and Structure"

    Mitchell Hoffman, University of Toronto and NBER, and Steven Tadelis, University of California, Berkeley, and NBER, "How Do Managers Matter? Evidence from Performance Metrics and Employee Surveys in a Firm"

    Avidit R. Acharya, Stanford University, and Juan M. Ortner, Boston University, "Progressive Learning"

    Maija Halonen-Akatwijuka and In-Uck Park, University of Bristol (U.K.), "Coordination of Humanitarian Aid by Mediated Communication"

    Marta Troya-Martinez, New Economic School (Moscow), and Liam Wren-Lewis, Paris School of Economics, "Relational Incentive Contracts with Collusion"

    Ricard Gil, Johns Hopkins University; Myongjin Kim, University of Oklahoma; and Giorgio Zanarone, CUNEF (Madrid), "The Value of Relational Adaptation in Outsourcing: Evidence from the 2008 Shock to the U.S. Airline Industry"

    Klaus Schmidt, University of Munich, and Fabian Herweg, University of Bayreuth (Germany), "Procurement with Unforeseen Contingencies"

    Dalia Marin, University of Munich; Linda Rousova, European Central Bank; and Thierry Verdier, Paris School of Economics, "Do Multinationals Transplant their Business Model?"

    Laura Alfaro and Raffaella Sadun, Harvard University and NBER; Nicholas Bloom, Stanford University and NBER; Paola Conconi and Patrick Legros, Université Libre de Bruxelles (Belgium); Harald Fadinger, University of Mannheim (Germany); Andrew Newman, Boston University; and John Van Reenen, MIT and NBER, "All Together Now: Integration, Delegation, and Management"

Summaries of these papers are at:
http://www.nber.org/confer/2017/OEs17/summary.html

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