Meetings Fall/Winter 2020
Market Design
Members of the NBER Market Design Working Group met October 22–24 online. Research Associates Michael Ostrovsky of Stanford University and Parag A. Pathak of MIT, the co-directors of the working group, organized the meeting. These researchers’ papers were presented and discussed:
- Mohammad Akbarpour, Stanford University; Afshin Nikzad, University of Southern California; Michael A. Rees, University of Toledo Medical Center; and Alvin E. Roth, Stanford University and NBER, “Global Kidney Chains”
- Parag A. Pathak, and Tayfun Sönmez, M. Utku Ünver, and M. Bumin Yenmez, Boston College, “Fair Allocation of Vaccines, Ventilators and Antiviral Treatments: Leaving No Ethical Value Behind in Health Care Rationing”
- Federico Echenique, California Institute of Technology; Antonio Miralles, Universita’ degli Studi di Messina; and Jun Zhang, Nanjing Audit University, “Constrained Pseudo-Market Equilibrium”
- Martin Bichler, Maximilian Fichtl, Stefan Heidekrüger, Nils Kohring, and Paul Sutterer, Technical University of Munich, “Learning to Bid: Computing Bayesian Nash Equilibrium Strategies in Auctions via Neural Pseudogradient Ascent”
- Adam Kapor and Christopher Neilson, Princeton University and NBER, and Mohit Karnani, MIT, “Aftermarket Frictions and the Cost of Off-Platform Options in Centralized Assignment Mechanisms”
- Marzena Rostek, University of Wisconsin-Madison, and Ji Hee Yoon, University College London, “Exchange Design and Efficiency”
- Xiang Han, Shanghai University of Finance and Economics; Onur Kesten, University of Sydney; and M. Utku Ünver, “Blood Allocation with Replacement Donors”
- Mohammad Akbarpour and Paul Milgrom, Stanford University, and Scott Duke Kominers and Shengwu Li, Harvard University, “Investment Incentives in Near-Optimal Mechanisms”
- Susan Athey, Stanford University and NBER; Juan Camilo Castillo, University of Pennsylvania; Rachel Glennerster, UK Foreign, Commonwealth and Development Office; Arthur Baker, Scott Duke Kominers, and Brandon Tan, Harvard University; Michael Kremer, Harvard University and NBER; Jean Nahrae Lee, World Bank; Christopher Snyder, Dartmouth College and NBER; Alex Tabarrok, George Mason University; and Witold Więcek WAW Statistical Consulting Ltd., “Accelerating a COVID-19 Vaccine”
- Yan Chen, University of Michigan; Ming Jiang, Shanghai Jiao Tong University; and Onur Kesten, University of Sydney, “An Empirical Evaluation of Chinese College Admissions Reforms through a Natural Experiment”
- David Delacretaz, University of Oxford, “Processing Reserves Simultaneously”
- Chiaki Moriguchi and Mari Tanaka, Hitotsubashi University, and Yusuke Narita, Yale University, “Meritocracy and Its Discontents: Long-Run Effects of Repeated School Admission Reforms”
Summaries of some of these papers are at www.nber.org/conferences/market-design-working-group-meeting-fall-2020
Economic Fluctuations and Growth
Members of the NBER Economic Fluctuations and Growth Program met October 23 online. Alessandra Fogli of the Federal Reserve Bank of Minneapolis and Research Associate Simon Gilchrist of New York University organized the meeting. These researchers’ papers were presented and discussed:
- Corina Boar and Virgiliu Midrigan, New York University and NBER, “Efficient Redistribution” (NBER Working Paper 27622)
- Titan Alon, University of California, San Diego; Matthias Doepke, Northwestern University and NBER; Jane Olmstead-Rumsey, Northwestern University; and Michèle Tertilt, University of Mannheim, “This Time It’s Different: The Role of Women’s Employment in a Pandemic Recession” (NBER Working Paper 27660)
- Raj Chetty and Nathaniel Hendren, Harvard University and NBER; John N. Friedman, Brown University and NBER; and Michael Stepner, Harvard University, “Real-Time Economics: A New Public Platform to Analyze the Impacts of COVID-19 and Macroeconomic Policies Using Private Sector Data”
- Michael Woodford, Columbia University and NBER, “Effective Demand Failures and the Limits of Monetary Stabilization Policy” (NBER Working Paper 27768)
- Daniel Greenwald, MIT; Martin Lettau, University of California, Berkeley and NBER; and Sydney C. Ludvigson, New York University and NBER, “How the Wealth Was Won: Factor Shares as Market Fundamentals”
Summaries of these papers are at www.nber.org/conferences/efg-research-meeting-fall-2020
Public Economics
Members of the NBER Public Economics Program met October 29-30 online. Program Director Raj Chetty of Harvard University and Faculty Research Fellow Damon Jones of University of Chicago organized the meeting. These researchers’ papers were presented and discussed:
- Lucie Gadenne, Warwick University; Sam Norris, University of Chicago; Sandip Sukhtankar, University of Virginia; and Monica Singhal, University of California, Davis and NBER, “In-Kind Transfers as Insurance”
- Francis Wong, NBER, “Mad as Hell: Property Taxes and Financial Distress”
- Sylvain Catherine, Max Miller, and Natasha Sarin, University of Pennsylvania, “Social Security and Trends in Inequality”
- Pascal Michaillat, Brown University and NBER, and Emmanuel Saez, University of California, Berkeley and NBER, “Beveridgean Unemployment Gap”
- Jarkko Harju, VATT Institute for Economic Research; Simon Jäger, MIT and NBER; and Benjamin Schoefer, University of California, Berkeley, “Worker Voice and Shared Governance: Evidence from a Reform in Finland”
- Michael Dinerstein, University of Chicago and NBER; Christopher Neilson, Princeton University and NBER; and Sebastian Otero, Stanford University, “The Equilibrium Effects of Public Provision in Education Markets: Evidence from a Public School Expansion Policy”
- Brad C. Nathan and Alejandro Zentner, University of Texas at Dallas; and Ricardo Perez-Truglia, University of California, Berkeley and NBER, “My Taxes Are Too Darn High: Tax Protests as Revealed Preferences for Redistribution” (NBER Working Paper 27816)
- Max Risch, Carnegie Mellon University, “Does Taxing Business Owners Affect Employees? Evidence from a Change in the Top Marginal Tax Rate”
- Manasi Deshpande, University of Chicago and NBER, and Lee Lockwood, University of Virginia and NBER, “Beyond Health: Non-Health Risk and the Value of Disability Insurance”
- Benjamin R. Handel and Jonathan T. Kolstad, University of California, Berkeley and NBER, and Thomas Minten and Johannes Spinnewijn, London School of Economics, “The Social Determinants of Choice Quality: Evidence from Health Insurance in the Netherlands” (NBER Working Paper 27785)
- Anne Brockmeyer, World Bank; Juan Carlos Suárez Serrato, Duke University and NBER; and Alejandro Estefan, University of Notre Dame, “Taxing Property in Developing Countries: Theory and Evidence from Mexico”
Summaries of some of these papers are at www.nber.org/conferences/public-economics-program-meeting-fall-2020
International Finance and Macroeconomics
Members of the NBER International Finance and Macroeconomics Program met October 30 online. Research Associates Mark A. Aguiar of Princeton University and Linda Tesar of the University of Michigan organized the meeting. These researchers’ papers were presented and discussed:
- Felipe Saffie, University of Virginia; Liliana Varela, London School of Economics; and Kei-Mu Yi, University of Houston and NBER, “The Micro and Macro Dynamics of Capital Flows” (NBER Working Paper 27371)
- Bryan Gutierrez, SBS Peru; Victoria Ivashina, Harvard University and NBER; and Juliana Salomao, University of Minnesota, “Why Is Dollar Debt Cheaper? Evidence from Peru”
- Stéphane Auray, CREST-ENSAI and Université du Littoral Côte d’Opale; Michael B. Devereux, University of British Columbia and NBER; and Aurélien Eyquem, Université de Lyon, “Trade Wars, Currency Wars”
- Karen K. Lewis, University of Pennsylvania and NBER, and Edith Liu, Federal Reserve Board, “The Real Costs of International Financial Dis-Integration”
- Rafael Guntin, New York University; Pablo Ottonello, University of Michigan and NBER; and Diego Perez, New York University and NBER, “The Micro Anatomy of Macro Consumption Adjustments” (NBER Working Paper 27917)
Summaries of these papers are at www.nber.org/conferences/ifm-program-meeting-fall-2020
Political Economy
Members of the NBER Political Economy Program met October 30-31 online. Research Associates Gerard Padró i Miquel of Yale University and Jesse M. Shapiro of Brown University organized the meeting. These researchers’ papers were presented and discussed:
- Filipe R. Campante, Johns Hopkins University and NBER; Emilio Depetris-Chauvin, Pontificia Universidad Católica de Chile; and Ruben Durante, Universitat Pompeu Fabra, “The Virus of Fear: The Political Impact of Ebola in the US” (NBER Working Paper 26897)
- Belinda Archibong, Columbia University, and Nonso Obikili, Economic Research Southern Africa (ERSA), “Prison Labor: The Price of Prisons and the Lasting Effects of Incarceration”
- Pauline Grosjean, Federico Masera, and Hasin Yousaf, University of New South Wales, “Whistle the Racist Dogs: Political Campaigns and Police Stops”
- Yiming Cao, Boston University, “The Social Costs of Patronage Ties: Lessons from a Devastating Earthquake”
- Ahmet Arda Gitmez, MIT, and Konstantin Sonin and Austin L. Wright, University of Chicago, “Political Economy of Crisis Response”
- Mattia Nardotto, KU Leuven, and Sandra Sequeira, London School of Economics, “Identity, Media and Consumer Behavior”
- Elliott Ash, ETH Zürich; Daniel Chen, Toulouse School of Economics; and Suresh Naidu, Columbia University and NBER, “Ideas Have Consequences: The Impact of Law and Economics on American Justice”
- Renee Bowen, University of California, San Diego and NBER, and Danil Dmitriev and Simone Galperti, University of California, San Diego, “Learning from Shared News: When Abundant Information Leads to Belief Polarization”
Summaries of these papers are at www.nber.org/conferences/political-economy-program-meeting-fall-2020
Behavioral Finance
Members of the NBER Behavioral Finance Working Group met October 30 online. Research Associate Nicholas C. Barberis of Yale University, the director of the group, organized the meeting, which was supported by Bracebridge Capital and Fuller & Thaler Asset Management. These researchers’ papers were presented and discussed:
- Allen Hu and Song Ma, Yale University, “Persuading Investors: A Video-Based Study”
- Xavier Gabaix, Harvard University and NBER, and Ralph S. J. Koijen, University of Chicago and NBER, “In Search of the Origins of Financial Fluctuations: The Inelastic Markets Hypothesis”
- Nikolai Roussanov, University of Pennsylvania and NBER; Hongxun Ruan, University of Pennsylvania; and Yanhao Wei, University of Southern California, “Mutual Fund Flows and Performance in (Imperfectly) Rational Markets?”
- Tobias J. Moskowitz, Yale University and NBER, and Kaushik Vasudevan, Yale University, “What Can Betting Markets Tell Us About Investor Preferences and Beliefs? Implications for Low Risk Anomalies”
- Pooya Molavi and Alireza Tahbaz-Salehi, Northwestern University, and Andrea Vedolin, Boston University and NBER, “Asset Pricing with Misspecified Models”
- Alexander M. Chinco, University of Illinois at Urbana-Champaign; Samuel M. Hartzmark, University of Chicago and NBER; and Abigail Sussman, University of Chicago, “Necessary Evidence for a Risk Factor’s Relevance” (NBER Working Paper 27227)
Summaries of these papers are at www.nber.org/conferences/behavioral-finance-meeting-fall-2020
Asset Pricing
Members of the NBER Asset Pricing Program met November 6 online. Research Associates Dimitri Vayanos of the London School of Economics and Jessica Wachter of the University of Pennsylvania organized the meeting. These researchers’ papers were presented and discussed:
- Huaizhi Chen, University of Notre Dame; Lauren Cohen, Harvard University and NBER; and Umit Gurun, University of Texas at Dallas, “Don’t Take Their Word for It: The Misclassification of Bond Mutual Funds” (NBER Working Paper 26423)
- Carolin Pflueger, University of Chicago and NBER, and Gianluca Rinaldi, Harvard University, “Why Does the Fed Move Markets So Much? A Model of Monetary Policy and Time-Varying Risk Aversion” (NBER Working Paper 27856)
- Niels Joachim Gormsen, University of Chicago, and Eben Lazarus, MIT, “Duration-Driven Returns”
- Jonathan A. Parker and Antoinette Schoar, MIT and NBER, and Yang Sun, Brandeis University, “Retail Financial Innovation and Stock Market Dynamics: The Case of Target Date Funds” (NBER Working Paper 28028)
- Yixin Chen, University of Rochester, and Randolph B. Cohen and Zixuan Wang, Harvard University, “Famous Firms, Earnings Clusters, and the Stock Market”
- Arvind Krishnamurthy, Stanford University and NBER, and Wenhao Li, University of Southern California, “Dissecting Mechanisms of Financial Crises: Intermediation and Sentiment” (NBER Working Paper 27088)
Summaries of these papers are at www.nber.org/conferences/asset-pricing-program-meeting-fall-2020
Corporate Finance
Members of the NBER Corporate Finance Program met November 6 online. Research Associates Robin Greenwood of Harvard University and David Thesmar of MIT organized the meeting. These researchers’ papers were presented and discussed:
- Daniel Greenwald, MIT, and John Krainer and Pascal Paul, Federal Reserve Bank of San Francisco, “The Credit Line Channel”
- João Granja, University of Chicago; Christos Makridis, MIT; and Constantine Yannelis and Eric Zwick, University of Chicago and NBER, “Did the Paycheck Protection Program Hit the Target?” (NBER Working Paper 27095)
- Bryan Gutierrez, SBS Peru; Victoria Ivashina, Harvard University and NBER; and Juliana Salomao, University of Minnesota, “Why Is Dollar Debt Cheaper? Evidence from Peru”
- Tania Babina, Columbia University; Anastassia Fedyk, University of California, Berkeley; Alex X. He, University of Maryland; and James Hodson, Jozef Stefan International Postgraduate School, “Artificial Intelligence, Firm Growth, and Industry Concentration”
- Paul Gertler and Catherine Wolfram, University of California, Berkeley and NBER, and Brett Green, Washington University in St. Louis, “Unlocking Access to Credit with Lockout Technology”
- Jason R. Donaldson, Washington University in St. Louis; Edward Morrison, Columbia University; Giorgia Piacentino, Columbia University and NBER; and Xiaobo Yu, Columbia Business School, “Restructuring vs Bankruptcy”
- Eleonora Broccardo, University of Trento; Oliver D. Hart, Harvard University and NBER; and Luigi Zingales, University of Chicago and NBER, “Exit vs. Voice” (NBER Working Paper 27710)
Summaries of these papers are at www.nber.org/conferences/corporate-finance-program-meeting-fall-2020
Monetary Economics
Members of the NBER Monetary Economics Program met November 13 online. Research Associates Francesco Bianchi of Duke University and James Cloyne of the University of California, Davis organized the meeting. These researchers’ papers were presented and discussed:
- Hassan Afrouzi, Columbia University, and Choongryul Yang, Federal Reserve Board, “Dynamic Rational Inattention and the Phillips Curve”
- Lydia Cox, Harvard University; Gernot Müller, University of Tübingen; Ernesto Pastén, Central Bank of Chile; Raphael Schoenle, Brandeis University; and Michael Weber, University of Chicago and NBER, “Big G” (NBER Working Paper 27034)
- George-Marios Angeletos, MIT and NBER, and Chen Lian, University of California, Berkeley, “Confidence and the Propagation of Demand Shocks” (NBER Working Paper 27702)
- Qian Chen, Beijing Technology and Business University; Christoffer Koch, Federal Reserve Bank of Dallas; Padma Sharma, Federal Reserve Bank of Kansas City; and Gary Richardson, University of California, Irvine and NBER, “Payments Crises and Consequences” (NBER Working Paper 27733)
- Simon Gilchrist, New York University and NBER; Bin Wei, Federal Reserve Bank of Atlanta; Vivian Yue, Emory University and NBER; and Egon Zakrajšek, Federal Reserve Board, “The Fed Takes on Corporate Credit Risk: An Analysis of the Efficacy of the SMCFF” (NBER Working Paper 27809)
- Olivier Coibion, University of Texas at Austin and NBER; Yuriy Gorodnichenko, University of California, Berkeley and NBER; Edward Knotek, Federal Reserve Bank of Cleveland; and Raphael Schoenle, Brandeis University, “Average Inflation Targeting and Household Expectations” (NBER Working Paper 27836)
Summaries of these papers are at www.nber.org/conferences/nber-monetary-economics-program-meeting-fall-2020
Labor Studies
Members of the NBER Labor Studies Program met November 13 online. Program Directors David Autor of MIT and Alexandre Mas of Princeton University organized the meeting. These researchers’ papers were presented and discussed:
- Joseph Price, Brigham Young University and NBER; Valerie R. Michelman, University of Chicago; and Seth D. Zimmerman, Yale University and NBER, “The Distribution of and Returns to Social Success at Elite Universities”
- Adriana D. Kugler, Georgetown University and NBER, and Ammar Farooq and Umberto Muratori, Georgetown University, “Do Unemployment Insurance Benefits Improve Match Quality? Evidence from Recent US Recessions” (NBER Working Paper 27836)
- Jarkko Harju, VATT Institute for Economic Research; Simon Jäger, MIT and NBER; and Benjamin Schoefer, University of California, Berkeley, “Worker Voice and Shared Governance: Evidence from Finland”
- Peter Ganong and Damon Jones, University of Chicago and NBER; Pascal J. Noel, University of Chicago; Diana Farrell, Fiona E. Greig, and Chris Wheat, JPMorganChase Institute, “Wealth, Race, and Consumption Smoothing of Typical Income Shocks” (NBER Working Paper 27574)
- Sandra E. Black, Columbia University and NBER; Jeffrey T. Denning, Brigham Young University and NBER; Lisa J. Dettling and Sarena Goodman, Federal Reserve Board; and Lesley J. Turner, Vanderbilt University and NBER, “Taking It to the Limit: Effects of Increased Student Loan Availability on Attainment, Earnings, and Financial Well-Being” (NBER Working Paper 27658)
- Barbara Biasi, Yale University and NBER, and Heather Sarsons, Harvard University and NBER, “Flexible Wage, Bargaining, and the Gender Gap” (NBER Working Paper 27894)
- Yana Gallen, University of Chicago, and Melanie Wasserman, University of California, Los Angeles, “Informed Choices: Gender Gaps in Career Advice”
Summaries of these papers are at www.nber.org/conferences/labor-studies-program-meeting-fall-2020
Development Economics
Members of the NBER Development Economics Program met November 19–20 online. Program Director Benjamin A. Olken of MIT and Research Associates Katherine Casey of Stanford University, Thomas Fujiwara of Princeton University, Karthik Muralidharan of the University of California, San Diego, Christopher R. Udry of Northwestern University, Eric Verhoogen of Columbia University, and Maisy Wong of the University of Pennsylvania and organized the meeting. These researchers’ papers were presented and discussed:
- Jonah M. Rexer, University of Pennsylvania, “The Local Advantage: Corruption, Organized Crime, and Indigenization in the Nigerian Oil Sector”
- Emily Aiken and Joshua Blumenstock, University of California, Berkeley; Suzanne Bellue, University of Mannheim; Dean Karlan, Northwestern University and NBER; and Christopher R. Udry, “Targeting COVID-19 Aid with Mobile Phone Data and Machine Learning”
- Jie Bai, Harvard University and NBER; Daniel Xu, Duke University and NBER; Jin Liu, New York University; and Maggie Chen, George Washington University, “Search and Information Frictions on Global E-Commerce Platforms: Evidence from AliExpress” (NBER Working Paper 28100)
- Cyril Chalendard, International Trade Centre (UN-WTO agency); Ana M. Fernandes and Bob Rijkers, The World Bank; and Gael Raballand, “Technology (Ab)use and Corruption in Customs”
- Jing Cai, University of Maryland and NBER, and Shing-Yi Wang, University of Pennsylvania and NBER, “Improving Management through Worker Evaluations: Evidence from Auto Manufacturing” (NBER Working Paper 27680)
- Daniel J. Agness, University of California, Berkeley; Travis Baseler, University of Rochester; Sylvain Chassang, Princeton University and NBER; Pascaline Dupas, Stanford University and NBER; and Erik Snowberg, California Institute of Technology and NBER, “Valuing the Time of the Self-Employed”
- Wyatt Brooks, Arizona State University; Kevin Donovan, Yale University; Terence R. Johnson, University of Notre Dame; and Jackline Oluoch-Aridi, Strathmore University and University of Notre Dame, “Cash Transfers as a Response to COVID-19: A Randomized Experiment in Kenya”
- Dietmar Fehr, University of Heidelberg; Günther Fink, Swiss Tropical and Public Health Institute; and Kelsey Jack, University of California, Santa Barbara and NBER, “Poor and Rational: Decision-making under Scarcity”
- Francis Annan, Georgia State University, and Aly Sanoh, The World Bank, “Misconduct and Reputation under Imperfect Information”
- Karthik Muralidharan; Paul Niehaus, University of California, San Diego and NBER; and Sandip Sukhtankar, University of Virginia, “Identity Verification Standards in Welfare Programs: Experimental Evidence from India” (NBER Working Paper 26744)
- Manaswini Rao, University of California, San Diego, “Judicial Capacity Increases Firm Growth Through Credit Access: Evidence from Clogged Courts of India”
- Augustin Bergeron and Pablo Balan, Harvard University; Gabriel Z. Tourek, MIT and J-PAL; Jonathan L. Weigel, London School of Economics, “Local Elites as State Capacity: How City Chiefs Use Local Information to Increase Tax Compliance in the D.R. Congo”
- Susanna B. Berkouwer, University of Pennsylvania, and Josh T. Dean, University of Chicago, “Credit and Attention in the Adoption of Profitable Energy Efficient Technologies in Kenya”
- Abhijit Banerjee, Esther Duflo, and Frank Schilbach, MIT and NBER; Madeline McKelway, Stanford University; Garima Sharma and Erin Grela, MIT; and Girija Vaidyanathan, Government of Tamil Nadu, “Did Pensions Protect the Elderly from the Impacts of COVID?”
- Megan MacGarvie, Boston University and NBER, and Caroline Fry, University of Hawai’i at Manoa, “Drinking from the Firehose: Preprints, Chinese Scientists, and the Diffusion of Research on COVID-19”
- Julieta Caunedo, Cornell University, and Namrata Kala, MIT and NBER, “Mechanizing Agriculture: Impacts on Labor and Productivity”
- Noam Angrist, University of Oxford; Peter Bergman, Columbia University and NBER; and Moitshepi Matsheng, Young 1ove, “School’s Out: Experimental Evidence on Limiting Learning Loss Using ‘Low-Tech’ in a Pandemic”
- Eduardo Montero, University of Michigan, and Dean Yang, University of Michigan and NBER, “Religious Festivals and Economic Development: Evidence from Catholic Saint-Day Festivals in Mexico”
- Steve Cicala, Tufts University and NBER, “Early Economic Impacts of COVID-19: A View from the Grid”
- Lelys Ilean Dinarte, The World Bank; Sofia Amaral, Ludwig Maximilian University of Munich; Santiago M. Perez, Inter-American Development Bank (IDB); and Patricio Domínguez Rivera, University of California, Berkeley, “Helping Families Help Themselves: Effects of a SMS Parental and Stress Management Intervention”
- Shyamal Chowdhury, University of Sydney; Hannah Schildberg-Hörisch, Heinrich-Heine-University Düsseldorf; Sebastian O. Schneider and Matthias Sutter, Max Planck Institute for Research on Collective Goods, “Nudging or Paying? Evaluating the Effectiveness of Measures to Contain COVID-19 in Rural Bangladesh in a Randomized Controlled Trial”
- Joan Hamory Hicks, University of Oklahoma; Edward Miguel, University of California, Berkeley and NBER; Michael W. Walker, University of California, Berkeley; Michael Kremer, University of Chicago and NBER; and Sarah J. Baird, George Washington University, “Twenty Year Economic Impacts of Deworming” (NBER Working Paper 27611)
Summaries of some of these papers are at www.nber.org/conferences/development-economics-program-meeting-fall-2020
Organizational Economics
Members of the NBER’s Organizational Economics Working Group met November 20–21 online. Research Associate Robert S. Gibbons of MIT, the director of the working group, organized the meeting. These researchers’ papers were presented and discussed:
- Katarzyna A. Bilicka, Utah State University, and Daniela Scur, Cornell University, “Organizational Capacity and Profit Shifting”
- Diana Moreira, University of California, Davis, and Santiago Pérez, University of California, Davis and NBER, “Civil Service Reform and Organizational Practices: Evidence from the 1883 Pendleton Act”
- Heski Bar-Isaac, University of Toronto, and Ian Jewitt and Clare Leaver, University of Oxford, “Training, Recruitment, and Outplacement as Endogenous Adverse Selection”
- Namrata Kala, MIT and NBER, “The Impacts of Managerial Autonomy on Firm Outcomes” (NBER Working Paper 26304)
- Marco Casari, University of Bologna, and Maurizio Lisciandra, University of Messina, “Institutional Change in Property Rights: Model and Evidence of a Centuries-Long Dynamic”
- Arjada Bardhi, Duke University, and Yingni Guo and Bruno Strulovici, Northwestern University, “Early-Career Discrimination: Spiraling or Self-Correcting?”
- Andrea Weber, Central European University; Ingrid Huitfeldt, University of Oslo; Jan Sebastian Nimczik, European School of Management and Technology Berlin; and Andreas R. Kostol, Arizona State University, “Internal Labor Markets: A Worker Flow Approach”
- Joyee Deb, Yale University; Aditya Kuvalekar, Universidad Carlos III de Madrid; and Elliot Lipnowski, Columbia University, “Fostering Collaboration”
- Gani S. Aldashev, Université Libre de Bruxelles, and Giorgio Zanarone, Washington University in St. Louis, “Governance in the Wild: A Theory of State vs. Private Firms under Weak Institutions”
- Weijia Li, Monash University, “Meritocracy and Dual Leadership: Historical Evidence and an Interpretation”
- Florian Englmaier, University of Munich; Jose Galdon-Sanchez, Universidad Pública de Navarra; Ricard Gil, Queen’s University; and Michael Kaiser, Ludwig Maximilian University of Munich, “Management Practices and Firm Performance during the Great Recession: Evidence from Spanish Survey Data”
- Erik Madsen and Basil Williams, New York University, and Andrzej Skrzypacz, Stanford University, “Designing Career Concerns”
Summaries of these papers are at www.nber.org/conferences/organizational-economics-fall-2020
Health Care
Members of the NBER Health Care Program met December 3–4 online. Program co-directors Amy Finkelstein of MIT and Heidi L. Williams of Stanford University and Research Associates Michael Geruso of the University of Texas at Austin and Kate Ho of Princeton University organized the meeting. These researchers’ papers were presented and discussed:
- D. Mark Anderson, Montana State University and NBER; Kerwin Kofi Charles, Yale University and NBER; and Daniel I. Rees, University of Colorado at Denver and NBER, “The Federal Effort to Desegregate Southern Hospitals and the Black-White Infant Mortality Gap” (NBER Working Paper 27970)
- Barbara Biasi, Yale University and NBER; Petra Moser, New York University and NBER; and Michael S. Dahl, Aalborg University Business School, “Career Effects of Mental Health”
- Nikhil Agarwal, MIT and NBER; Paulo J. Somaini, Stanford University and NBER; and Charles B. Hodgson, Yale University, “Choices and Outcomes in Assignment Mechanisms: The Allocation of Deceased Donor Kidneys” (NBER Working Paper 28064)
- Paul J. Eliason, Brigham Young University; Riley J. League and Ryan C. McDevitt, Duke University; Benjamin Heebsh, Federal Trade Commission; and James W. Roberts, Duke University and NBER, “The Effect of Bundled Payments on Provider Behavior and Patient Outcomes”
- David C. Chan Jr, Stanford University and NBER; David Card, University of California, Berkeley and NBER; and Lowell Taylor, Carnegie Mellon University and NBER, “Is There a VA Advantage? Evidence from Dually Eligible Veterans”
- Ashvin Gandhi, University of California, Los Angeles, “Picking Your Patients: Selective Admissions in the Nursing Home Industry”
- Mark Duggan, Stanford University and NBER; Craig Garthwaite, Northwestern University and NBER; and Yanyue Wang, NBER, “Heterogeneity in the Impact of Privatizing Social Health Insurance”
Summaries of these papers are at www.nber.org/conferences/health-care-program-meeting-fall-2020
Economics of Education
Members of the NBER Economics of Education Program met December 3–4 online. Program Director Caroline M. Hoxby of Stanford University organized the meeting. These researchers’ papers were presented and discussed:
- Nolan G. Pope and George W. Zuo, University of Maryland, “Suspending Suspensions: The Education Production Consequences of School Suspension Policies”
- Christina L. Brown, University of California, Berkeley, and Tahir Andrabi, Pomona College, “Inducing Positive Sorting through Performance Pay: Experimental Evidence from Pakistani Schools”
- Rajashri Chakrabarti, Federal Reserve Bank of New York; Nicole Gorton, University of California, Los Angeles; and Michael F. Lovenheim, Cornell University and NBER, “State Investment in Higher Education: Effects on Human Capital Formation, Student Debt, and Long-term Financial Outcomes of Students” (NBER Working Paper 27885)
- Eric Brunner, University of Connecticut; Ben Hoen, Lawrence Berkeley National Laboratory; and Joshua M. Hyman, Amherst College, “School District Revenue Shocks, Resource Allocations, and Student Achievement: Evidence from the Universe of US Wind Energy Installations”
- Michael Gilraine, New York University, and Nolan G. Pope, “Making Teaching Last: Long- and Short-Run Value-Added”
- Christopher Neilson, Princeton University and NBER; Matteo Bobba and Tim Ederer, University of Toulouse; Gianmarco León, Universitat Pompeu Fabra; and Marco G. Nieddu, University of Cagliari, “Teacher Compensation and Structural Inequality: Evidence from Centralized Teacher School Choice in Peru”
- David N. Figlio, Northwestern University and NBER; Paola Giuliano, University of California, Los Angeles and NBER; Riccardo Marchingiglio, Northwestern University; Paola Sapienza, Northwestern University and NBER; and Umut Özek, American Institutes for Research, “Diversity in Schools: Immigrants and the Educational Performance of US-Born Students”
- Michael Dinerstein, University of Chicago and NBER; Christopher Neilson, Princeton University and NBER; and Sebastian Otero, Stanford University, “The Equilibrium Effects of Public Provision in Education Markets: Evidence from a Public School Expansion Policy”
- Jesse M. Bruhn, Brown University; Scott A. Imberman, Michigan State University and NBER; and Marcus A. Winters, Boston University, “Regulatory Arbitrage in Teacher Hiring and Retention: Evidence from Massachusetts Charter Schools” (NBER Working Paper 27607)
- Andrew Bacher-Hicks, Boston University; Joshua Goodman, Boston University and NBER; and Christine Mulhern, RAND Corporation, “Inequality in Household Adaptation to Schooling Shocks: Covid-Induced Online Learning Engagement in Real Time” (NBER Working Paper 27555)
Summaries of these papers are at www.nber.org/conferences/education-program-meeting-fall-2020
International Trade and Investment
Members of the NBER International Trade and Investment Program met December 4–5 online. Program Director Stephen J. Redding of Princeton University organized the meeting. These researchers’ papers were presented and discussed:
- Jonathan I. Dingel and Felix Tintelnot, University of Chicago and NBER, “Spatial Economics for Granular Settings” (NBER Working Paper 27287)
- Matilde Bombardini and Francesco Trebbi, University of California, Berkeley and NBER, and Bingjing Li, National University of Singapore, “Did US Politicians Expect the China Shock?” (NBER Working Paper 28073)
- Rafael Dix-Carneiro, Duke University and NBER; João Paulo Pessoa, LSE; Ricardo M. Reyes-Heroles, Federal Reserve Board; and Sharon Traiberman, New York University, “Globalization, Trade Imbalances and Labor Market Adjustment”
- Rodrigo Adão, University of Chicago and NBER; Costas Arkolakis, Yale University and NBER; and Sharat Ganapati, Georgetown University, “Aggregate Implications of Firm Heterogeneity: A Nonparametric Analysis of Monopolistic Competition Trade Models” (NBER Working Paper 28081)
- Christoph Boehm and Nitya Pandalai-Nayar, University of Texas at Austin and NBER, and Andrei A. Levchenko, University of Michigan and NBER, “The Long and Short (Run) of Trade Elasticities” (NBER Working Paper 27064)
- David Autor, MIT and NBER; David Dorn, University of Zurich; and Gordon H. Hanson, Harvard University and NBER, “On the Persistence of the China Shock”
- Lorenzo Caliendo, Yale University and NBER; Robert C. Feenstra and Alan M. Taylor, University of California, Davis and NBER, and John Romalis, The University of Sydney, “A Second-Best Argument for Low Optimal Tariffs”
- Gene M. Grossman, Princeton University and NBER, and Elhanan Helpman, Harvard University and NBER, “When Tariffs Disturb Global Supply Chains” (NBER Working Paper 27722)
- Diego A. Comin, Dartmouth College and NBER, and Robert C. Johnson, University of Notre Dame and NBER, “Offshoring and Inflation” (NBER Working Paper 27957)
- James E. Anderson, Boston College and NBER, and Yoto V. Yotov, Drexel University, “Quantifying the Extensive Margin of Trade”
Summaries of these papers are at www.nber.org/conferences/international-trade-and-investment-program-meeting-fall-2020
Entrepreneurship
Members of the NBER Entrepreneurship Working Group met December 4 online. Research Associate Josh Lerner of Harvard University and Working Group Director David T. Robinson of Duke University organized the meeting. These researchers’ papers were presented and discussed:
- Vojislav Maksimovic and Liu Yang, University of Maryland, “Reshaping the Local Marketplace: Brands, Local Stores, and COVID”
- Robert W. Fairlie, University of California, Santa Cruz and NBER, and Frank Fossen, University of Nevada, Reno, “Did the $660 Billion Paycheck Protection Program and $220 Billion Economic Injury Disaster Loan Program Get Disbursed to Minority Communities in the Early Stages of COVID-19?”
- Lucy Xiaolu Wang, Max Planck Institute for Innovation and Competition, “Global Drug Diffusion and Innovation with the Medicines Patent Pool”
- Daniel Fehder, University of Southern California; Naomi Hausman, Hebrew University; and Yael Hochberg, Rice University and NBER, “The Virtuous Cycle of Innovation and Capital Flows”
- Shai Bernstein, Harvard University and NBER; Richard R. Townsend, University of California, San Diego and NBER; and Ting Xu, University of Virginia, “Flight to Safety: How Economic Downturns Affect Talent Flows to Startups” (NBER Working Paper 27907)
- Robert P. Bartlett III, University of California, Berkeley, and Adair Morse, University of California, Berkeley and NBER, “Small Business Survival Capabilities: Evidence from Oakland” (NBER Working Paper 27629)
Summaries of these papers are at www.nber.org/conferences/entrepreneurship-working-group-fall-2020
Health Economics
Members of the NBER Health Economics Program met December 10–11 online. Program Director Christopher Carpenter of Vanderbilt University and Research Associate Heather Royer of the University of California, Santa Barbara organized the meeting. These researchers’ papers were presented and discussed:
- Patrick Flynn and Michelle M. Marcus, Vanderbilt University, “A Watershed Moment: The Clean Water Act and Infant Health”
- Scott Cunningham, Jonathan Seward and Vivian S. Vigliotti, Baylor University, “Mental Health Courts and Their Effects on Repeat Offending and Suicidality: Evidence from Randomized Therapists”
- Edward N. Okeke, RAND Corporation, and Isa S. Abubakar, Bayero University, Kano, “When a Doctor Falls from the Sky: The Impact of Easing Physician Supply Constraints on Mortality”
- Onur Altindag, Bentley University; Bilge Erten, Northeastern University; and Pinar Keskin, Wellesley College, “Mental Health Costs of Lockdowns: Evidence from Age-Specific Curfews in Turkey”
- Anne Ardila Brenøe, University of Zurich, and Jenna E. Stearns, University of California, Davis, “Explaining the Effect of Breastfeeding Promotion on Infant Weight Gain: The Role of Nutrition”
- Martin Andersen, University of North Carolina Greensboro; Johanna Catherine Maclean, Temple University and NBER; Michael F. Pesko, Georgia State University; and Kosali I. Simon, Indiana University and NBER, “Effect of a Federal Paid Sick Leave Mandate on Staying at Home during the COVID-19 Pandemic: Evidence from Cellular Device Data” (NBER Working Paper 27138)
- Christopher J. Cronin, University of Notre Dame, and William N. Evans, University of Notre Dame and NBER, “Nursing Home Quality, COVID-19 Deaths, and Excess Mortality”
- Yiqun Chen, University of Illinois at Chicago, “Team-Specific Human Capital and Team Performance: Evidence from Doctors”
Summaries of these papers are at www.nber.org/conferences/health-economics-program-meeting-fall-2020
Chinese Economy
Members of the NBER’s Chinese Economy Working Group met December 17–19 online. Working Group Director Shang-Jin Wei of Columbia University and Research Associates Hanming Fang of the University of Pennsylvania, Zhiguo He of the University of Chicago, and Wei Xiong of Princeton University organized the meeting. These researchers’ papers were presented and discussed:
- Hanming Fang, and Xincheng Qiu, University of Pennsylvania, “‘Golden Ages’: A Tale of Two Labor Markets”
- Lin William Cong, Cornell University; Ke Tang and Danxia Xie, Tsinghua University; and Qi Miao, Nielsen Company, “Asymmetric Cross-Side Network Effects on Financial Platforms: Theory and Evidence from Marketplace Lending”
- Zhiguo He, Maggie Rong Hu, Chinese University of Hong Kong; Zhenping Wang, University of Chicago; and Vincent Yao, Georgia State University, “Political Uncertainty and Asset Valuation: Housing Prices in Hong Kong”
- Gautam Gowrisankaran, University of Arizona and NBER; Michael Greenstone and Ali Hortaçsu, University of Chicago and NBER; Mengdi Liu, University of International Business and Economics; Caixia Shen, Zhejiang University of Finance and Economics; and Bing Zhang, Nanjing University, “Discharge Fees, Pollution Mitigation and Productivity: Evidence from Chinese Power Plants”
- Ming Li, Chinese University of Hong Kong, Shenzhen, “Information and Corruption: Evidence from China’s Land Auctions”
- Lili Dai, University of New South Wales, Sydney; Jianlei Han, Macquarie University; Jing Shi, Royal Melbourne Institute of Technology; and Bohui Zhang, Chinese University of Hong Kong, Shenzhen, “Digital Footprints as Collateral for Debt Collection”
- Franklin Allen, Imperial College London; Junhui Cai, University of Pennsylvania; Xian Gu, Durham University; Jun Qian, Fudan University; and Linda Zhao and Wu Zhu, University of Pennsylvania, “Ownership Networks and Firm Growth: What Do Forty Million Companies Tell Us About the Chinese Economy?”
- Chong-En Bai, Tsinghua University; Ruixue Jia, University of California, San Diego and NBER; Hongbin Li, Stanford University; and Xin Wang, Chinese University of Hong Kong, “Entrepreneurial Reluctance: Talent and Firm Creation in China”
- Jie Bai, Harvard University and NBER; Maggie Chen, George Washington University; Jin Liu, New York University; and Daniel Xu, Duke University and NBER, “Search and Information Frictions on Global e-Commerce Platforms: Evidence from AliExpress” (NBER Working Paper 28100)
Summaries of these papers are at www.nber.org/conferences/chinese-economy-working-group-meeting-fall-2020