Meetings Spring/Summer 2021

06/01/2021
Featured in print Reporter

Monetary Economics

Members of the NBER’s Monetary Economics Program met March 5 online. Research Associate Joshua K. Hausman of the University of Michigan, Faculty Research Fellow Arlene Wong of Princeton University, and Program Directors Emi Nakamura and Jón Steinsson, both of the University of California, Berkeley, organized the meeting. These researchers’ papers were presented and discussed:

  • Carola Binder, Haverford College, and Gillian Brunet, Wesleyan University, “Inflation Expectations and Consumption: Evidence from 1951”
  • Marcus Biermann, Université Catholique de Louvain, and Kilian Huber, University of Chicago, “Tracing the International Transmission of a Crisis through Multinational Firms”
  • Jennifer La’O, Columbia University and NBER, and Alireza Tahbaz-Salehi, Northwestern University, “Optimal Monetary Policy in Production Networks” (NBER Working Paper 27464)
  • Ricardo Reis, London School of Economics, “The People versus the Markets: A Parsimonious Model of Inflation Expectations”
  • Martin Beraja, MIT and NBER, and Christian Wolf, University of Chicago, “Demand Composition and the Strength of Recoveries”

Summaries of these papers are at www.nber.org/conferences/monetary-economics-program-meeting-spring-2021

Aging

Members of the NBER’s Program on Aging met March 5 online. Research Associate Kathleen M. McGarry of the University of California, Los Angeles and Program Director Jonathan S. Skinner of Dartmouth College organized the meeting. These researchers’ papers were presented and discussed:

  • Tal Gross, Boston University and NBER; Timothy Layton, Harvard University and NBER; and Daniel Prinz, Harvard University, “The Liquidity Sensitivity of Healthcare Consumption: Evidence from Social Security Payments” (NBER Working Paper 27977)
  • Jevay Grooms, Howard University, and Alberto Ortega, Indiana University, “Substance Use Disorders among Older Populations: What Role Does Race and Ethnicity Play in Treatment and Completion?”
  • Ran D. Balicer, Ben Gurion University of the Negev; Liran Einav, Stanford University and NBER; Joseph Rashba, Clalit Research Institute; and Dan Zeltzer, Tel Aviv University, “The Impact of Increased Access to Telemedicine”
  • Mingli Zhong, NBER, “Optimal Default Retirement Saving Policies: Theory and Evidence from OregonSaves”
  • Mika Akesaka, Institute of Social and Economic Research, Osaka University; Peter Eibich, Max Planck Institute for Demographic Research; Chie Hanaoka, Toyo University; and Hitoshi Shigeoka, Simon Fraser University and NBER, “Temporal Instability of Risk Preference among the Poor: Evidence from Payday Cycles”
  • Lucas Goodman, US Treasury Department; Anita Mukherjee, University of Wisconsin-Madison; and Shanthi Ramnath, Federal Reserve Bank of Chicago, “Abandoned Retirement Savings”

Summaries of some of these papers are at www.nber.org/conferences/aging-program-meeting-spring-2021

Children

Members of the NBER’s Program on Children met March 11–12 online. Program Directors Anna Aizer of Brown University and Janet Currie of Princeton University organized the meeting. These researchers’ papers were presented and discussed:

  • Nishith Prakash and Nathan Fiala, University of Connecticut; Kritika Narula, Yale University; and Ana Garcia-Hernandez, University of Rosario and Innovations for Poverty Action, “Wheels of Change: Transforming Girl’s Lives with Bicycles”
  • Patrick Agte, Princeton University; Arielle Bernhardt, Harvard University; Erica M. Field, Duke University and NBER; Rohini Pande, Yale University and NBER; and Natalia Rigol, Harvard University and NBER, “Investing in the Next Generation: The Long-Run Educational Impacts of a Liquidity Shock”
  • Lisa Gennetian, Duke University; Katherine Magnuson, University of Wisconsin-Madison; Kimberly Noble, Columbia University; Greg Duncan, University of California, Irvine; Nathan Fox, University of Maryland; Sarah Halpern-Meekin, University of Wisconsin-Madison; and Hirokazu Yoshikawa, New York University, “Impacts on Economic Well-Being of an Unconditional Cash Transfer during a Child’s First Year: Findings from the Baby’s First Years Study”
  • Roland G. Fryer Jr, Harvard University; Steven D. Levitt, University of Chicago and NBER; John A. List, University of Chicago and NBER; and Anya Samek, University of California, San Diego and NBER, “Reducing the Academic Achievement Gap through a Summer Pre-Kindergarten Program”
  • Petra Persson and Maya Rossin-Slater, Stanford University and NBER, and Xinyao Qiu, Stanford University, “Family Spillover Effects of Marginal Diagnoses: The Case of ADHD” (NBER Working Paper 28334)
  • Belinda Archibong, Columbia University, and Francis Annan, Georgia State University, “ ‘We Are Not Guinea Pigs’: The Effects of Negative News on Vaccine Compliance”
  • Deborah A. Cobb-Clark and Tiffany Ho, University of Sydney, and Nicolás Salamanca, University of Melbourne, “Parental Responses to Children’s Achievement Test Results”
  • Claire Duquennois, University of Pittsburgh, “Fictional Money, Real Costs: Impacts of Financial Salience on Disadvantaged Students”

Summaries of these papers are at www.nber.org/conferences/children-program-meeting-spring-2021

International Finance and Macroeconomics

Members of the NBER’s International Finance and Macroeconomics Program met March 19 online. Cristina Arellano of the Federal Reserve Bank of Minneapolis and Research Associate Oleg Itskhoki of the University of California, Los Angeles and NBER organized the meeting. These researchers’ papers were presented and discussed:

  • Zhengyang Jiang, Northwestern University; Hanno Lustig, Stanford University and NBER; Stijn Van Nieuwerburgh, Columbia University and NBER; and Mindy Z. Xiaolan, University of Texas at Austin, “Manufacturing Risk-Free Government Debt” (NBER Working Paper 27786)
  • Xing Guo, Bank of Canada; Pablo Ottonello, University of Michigan and NBER; and Diego Perez, New York University and NBER, “Monetary Policy and Redistribution in Open Economies” (NBER Working Paper 28213)
  • Meredith Crowley and Minkyu Son, University of Cambridge, and Lu Han, University of Liverpool, “Dominant Currency Dynamics: Evidence on Dollar Invoicing from UK Exporters”
  • Harold L. Cole and Guillermo Ordoñez, University of Pennsylvania and NBER, and Daniel Neuhann, University of Texas at Austin, “Asymmetric Information and Sovereign Debt: Theory Meets Mexican Data” (NBER Working Paper 28459)
  • Javier Bianchi, Federal Reserve Bank of Minneapolis; Saki Bigio, University of California, Los Angeles and NBER; and Charles Engel, University of Wisconsin-Madison and NBER, “Scrambling for Dollars: International Liquidity, Banks and Exchange Rates”
  • João Ayres, Inter-American Development Bank; Constantino Hevia, Universidad Torcuato di Tella; and Juan Pablo Nicolini, Federal Reserve Bank of Minneapolis, “Real Exchange Rates and Primary Commodity Prices: Mussa Meets Backus-Smith”

Summaries of these papers are at https://www.nber.org/conferences/international-finance-and-macroeconomics-program-meeting-spring-2021

Development of the American Economy

Members of the NBER’s Development of the American Economy Program met March 19–20 online. Program Directors Leah Platt Boustan of Princeton University and William J. Collins of Vanderbilt University organized the meeting. These researchers’ papers were presented and discussed:

  • Carl Kitchens, Florida State University and NBER, and Luke P. Rodgers, Florida State University, “The Impact of the WWI Agricultural Boom and Bust on Female Opportunity Cost and Fertility” (NBER Working Paper 27530)
  • Lisa D. Cook, Michigan State University and NBER; Maggie E.C. Jones, University of Victoria; Trevon Logan, The Ohio State University and NBER; and David Rosé, Wilfrid Laurier University, “Competition and Discrimination in Public Accommodations: Evidence from the Green Books”
  • Price V. Fishback, University of Arizona and NBER; Jessica LaVoice, Bowdoin College; and Allison Shertzer and Randall Walsh, University of Pittsburgh and NBER, “Race, Risk, and the Emergence of Federal Redlining” (NBER Working Paper 28146)
  • Leander Heldring, Northwestern University; James A. Robinson, University of Chicago and NBER; and Sebastian Vollmer, University of Göttingen, “The Economic Effects of the English Parliamentary Enclosures”
  • Gary D. Libecap, University of California, Santa Barbara and NBER; Martin Fiszbein, Boston University and NBER; and Eric C. Edwards, North Carolina State University, “Colonial Origins, Property Rights, and the Organization of Agricultural Production: The US Midwest and Argentine Pampas Compared” (NBER Working Paper 27750)
  • Wilfried Kisling, University of Oxford; Christopher M. Meissner, University of California, Davis and NBER; and Chenzi Xu, Stanford University, “International Banks: Re-Agents of Globalization?”

Summaries of these papers are at www.nber.org/conferences/development-american-economy-program-meeting-spring-2021

Productivity, Innovation, and Entrepreneurship

Members of the NBER’s Productivity, Innovation, and Entrepreneurship Program met March 26 online. Program Directors Nicholas Bloom of Stanford University and Josh Lerner of Harvard University, Research Associate Serguey Braguinsky of the University of Maryland, and Faculty Research Fellow Sabrina T. Howell of New York University organized the meeting. These researchers’ papers were presented and discussed:

  • Scott Kim, University of Pennsylvania, and Petra Moser, New York University and NBER, “Women in Science. Lessons from the Baby Boom”
  • David T. Robinson, Duke University and NBER, and Angelino Viceisza, Spelman College and NBER, “Can the Media Spur Startup Activity? Evidence from the Television Show ‘Shark Tank’”
  • Maria Kurakina, University of Utah, “The Dark Side of Patents: Effects of Strategic Patenting on Firms and Their Peers”
  • Tania Babina, Columbia University; Alex X. He, University of Maryland; Sabrina T. Howell; and Elisabeth Ruth Perlman and Joseph Staudt, US Census Bureau, “The Color of Money: Federal vs. Industry Funding of University Research”
  • Danielle Li, MIT and NBER; Lindsey R. Raymond, MIT; and Peter Bergman, Columbia University and NBER, “Hiring as Exploration” (NBER Working Paper 27736)
  • Katarzyna A. Bilicka, Utah State University, and Daniela Scur, Cornell University, “Organizational Capacity and Firm Profitability: Evidence from Multinationals”

Summaries of these papers are at www.nber.org/conferences/productivity-innovation-and-entrepreneurship-program-meeting-spring-2021

Labor Studies

Members of the NBER’s Labor Studies Program met March 26 online. Program Directors David Autor of the Massachusetts Institute of Technology and Alexandre Mas of Princeton University organized the meeting. These researchers’ papers were presented and discussed:

  • Marco Stenborg Petterson, Brown University; David G. Seim, Stockholm University; and Jesse M. Shapiro, Brown University and NBER, “Bounds on a Slope from Size Restrictions on Economic Shocks” (NBER Working Paper 27556)
  • Eliza Forsythe, University of Illinois at Urbana-Champaign; Lisa B. Kahn, University of Rochester and NBER; Fabian Lange, McGill University and NBER; and David G. Wiczer, Stony Brook University, “Searching, Recalls, and Tightness: An Interim Report on the COVID Labor Market” (NBER Working Paper 28083)
  • Zoe B. Cullen, Harvard University; Will S. Dobbie, Harvard University and NBER; and Mitchell Hoffman, University of Toronto and NBER, “Measuring Labor Demand for Workers with a Criminal Conviction”
  • Ioana Marinescu, University of Pennsylvania and NBER; Daphne Skandalis, University of Copenhagen; and Daniel Zhao, Glassdoor, Inc., “The Impact of the Federal Pandemic Unemployment Compensation on Job Search and Vacancy Creation” (NBER Working Paper 28567)
  • John J. Horton, New York University and NBER, and Shoshana Vasserman, Stanford University, “Job-Seekers Send Too Many Applications: Experimental Evidence and a Partial Solution”
  • Peter Ganong and Joseph S. Vavra, University of Chicago and NBER; Pascal J. Noel, University of Chicago; Fiona E. Greig, Daniel M. Sullivan, and Maxwell W. Liebeskind, JPMorgan Chase Institute, “Spending and Job Search Impacts of Expanded Unemployment Benefits: Evidence from Administrative Micro Data”
  • Chao Fu, and Alan T. Sorensen, University of Wisconsin-Madison and NBER, and Junjie Guo and Adam Smith, University of Wisconsin-Madison, “Students’ Heterogeneous Preferences and the Uneven Spatial Distribution of Colleges”

Summaries of these papers are at www.nber.org/conferences/labor-studies-program-meeting-spring-2021

Chinese Economy

The NBER’s Chinese Economy Working Group met April 1-3 online. Working Group Director Shang-Jin Wei of Columbia University and Research Associates Nancy Qian of Northwestern University and Daniel Xu of Duke University organized the meeting. These researchers’ papers were presented and discussed:

  • Meng Miao, Renmin University; Jacopo Ponticelli, Northwestern University and NBER; and Yi Shao, Peking University, “Eclipses and the Memory of Revolutions: Evidence from China”
  • Panle Jia Barwick and Shanjun Li, Cornell University and NBER; Luming Chen, Cornell University; and Xiaobo Zhang, Peking University, “Entry Deregulation, Market Turnover, and Efficiency: China’s Business Registration Reform”
  • 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)
  • Wei Chen, Chinese University of Hong Kong; Ernest Liu, Princeton University; and Zheng Michael Song, Chinese University of Hong Kong, “Decentralized Industrial Policy”
  • Wolfgang Keller and Carol H. Shiue, University of Colorado Boulder and NBER, “The Economic Consequences of the Opium War”
  • Ting Chen, Hong Kong Baptist University, and James K. Kung, University of Hong Kong, “The Rise of Communism in China”
  • Laura Alfaro, Harvard University and NBER; Ge Bao, University of International Business and Economics; Maggie Chen, George Washington University; Junjie Hong, UIBE; and Claudia Steinwender, MIT and NBER, “Omnia Juncta in Uno: Foreign Powers and Trademark Protection in Shanghai’s Concession Era”
  • Clair Yang, University of Washington, Seattle, and Yasheng Huang, MIT, “The Great Political Divergence”
  • Mary Amiti, Federal Reserve Bank of New York; Sang Hoon Kong, Columbia University; and David Weinstein, Columbia University and NBER, “Trade Protection, Stock-Market Returns, and Welfare”
  • Qiaoyi Chen, Zhao Chen, and Zhikuo Liu, Fudan University, and Juan Carlos Suárez Serrato and Daniel Xu, Duke University and NBER, “Regulating Conglomerates: Evidence from an Energy Conservation Program in China”
  • Zhiguo He, University of Chicago and NBER; Guanmin Liao, Renmin University of China; and Baolian Wang, University of Florida, “Incentives and Firm Investment: Evidence from China’s Reform”

Summaries of these papers are at www.nber.org/conferences/chinese-economy-working-group-meeting-spring-2021

Public Economics

Members of the NBER’s Public Economics Program met April 1–2 online. Research Associate Julie Berry Cullen of the University of California, San Diego and Faculty Research Fellows Manasi Deshpande of the University of Chicago and Jacob Goldin of Stanford University organized the meeting. These researchers’ papers were presented and discussed:

  • Juan Carlos Suárez Serrato and Daniel Xu, Duke University and NBER, and Zhao Chen, Zhikuo Liu and Qiaoyi Chen, Fudan University, “Regulating Conglomerates: Evidence from an Energy Conservation Program in China”
  • Raj Chetty, Harvard University and NBER; John N. Friedman, Brown University and NBER; and Michael Stepner, Harvard University, “Building an Infrastructure for Real-Time Policy Analysis Using Administrative Data: A Case Study of the Impacts of Stimulus Checks in the COVID-19 Crisis”
  • Abhijit Banerjee and Benjamin A. Olken, MIT and NBER; Rema Hanna, Harvard University and NBER; Elan Satriawan, Universitas Gadjah Mada; and Sudarno Sumarto, National Team for the Acceleration of Poverty Reduction, Jakarta, “Food vs. Food Stamps: Evidence from an At-Scale Experiment in Indonesia” (NBER Working Paper 28641)
  • Joseph S. Shapiro and Reed Walker, University of California, Berkeley and NBER, “Is Air Pollution Regulation Too Stringent?” (NBER Working Paper 28199)
  • John Guyton and Patrick Langetieg, Internal Revenue Service; Daniel Reck, London School of Economics; Max Risch, Carnegie Mellon University; and Gabriel Zucman, University of California, Berkeley and NBER, “Tax Evasion at the Top of the Income Distribution: Theory and Evidence” (NBER Working Paper 28542)
  • Elena C. Derby, Joint Committee on Taxation, “Does Growing Up in Tax-Subsidized Housing Lead to Higher Earnings and Educational Attainment?”
  • Lee Lockwood, University of Virginia and NBER, “Anti Insurance: Health Insurance Worsens Risk Exposure”
  • Christine L. Dobridge, Federal Reserve Board; Rebecca Lester, Stanford University; and Andrew Whitten, US Treasury Department, “IPOs and Corporate Tax Planning”
  • Neil Thakral, Brown University, and Linh T. Tô, Boston University, “Anticipation and Consumption”
  • Adam M. Lavecchia, McMaster University, and Alisa Tazhitdinova, University of California, Santa Barbara and NBER, “Permanent and Transitory Responses to Capital Gains Taxes: Evidence from a Lifetime Exemption in Canada” (NBER Working Paper 28514)
  • Joshua D. Gottlieb, University of Chicago and NBER; Maria Polyakova, Stanford University and NBER; Kevin Rinz and Victoria Udalova, US Census Bureau; and Hugh Shiplett, University of British Columbia, “Who Values Human Capitalists’ Human Capital? Physician Earnings and Labor Supply”
  • Thiago Scot, UC Berkeley Haas School of Business; Felipe Lobel, University of California, Berkeley; and Pedro Zúniga, Servicio de Administración de Rentas, “Corporate Taxation and Evasion Responses: Evidence from a Minimum Tax in Honduras”

Summaries of these papers are at www.nber.org/conferences/public-economics-program-meeting-spring-2021

Corporate Finance

Members of the NBER’s Corporate Finance Program met April 2 online. Research Associates Viral V. Acharya of New York University and Kelly Shue of Yale University organized the meeting. These researchers’ papers were presented and discussed:

  • Ivan Alfaro, BI Norwegian Business School; Nicholas Bloom, Stanford University and NBER; and Xiaoji Lin, University of Minnesota, “The Finance Uncertainty Multiplier” (NBER Working Paper 24571)
  • Matteo Crosignani, Federal Reserve Bank of New York and Marco Macchiavelli and Andre Silva, Board of Governors of the Federal Reserve System, “Pirates without Borders: The Propagation of Cyberattacks through Firms’ Supply Chains”
  • Mara Faccio, Purdue University and NBER, and John J. McConnell, Purdue University, “Impediments to the Schumpeterian Process in the Replacement of Large Firms” (NBER Working Paper 27871)
  • Michael Faulkender, University of Maryland; Stephen Miran; and Robert Jackman, US Treasury Department, “The Job-Preservation Effects of Paycheck Protection Program Loans”
  • Karsten Müller, Princeton University, and Emil Verner, MIT, “Credit Allocation and Macroeconomic Fluctuations”
  • Jialan Wang and Jeyul Yang, University of Illinois at Urbana-Champaign; Benjamin Iverson, Brigham Young University; and Renhao Jiang, University of California, Santa Cruz, “Bankruptcy and the COVID-19 Crisis”
  • Ashwini Agrawal, London School of Economics, and Daniel Kim, BI Norwegian Business School, “Municipal Bond Insurance and the US Drinking Water Crisis”
  • Ivan T. Ivanov, Federal Reserve Board; Luke Pettit, United States Senate; and Toni Whited, University of Michigan and NBER, “Taxes Depress Corporate Borrowing: Evidence from Private Firms”

Summaries of these papers are at www.nber.org/conferences/corporate-finance-program-meeting-spring-2021

Environment and Energy Economics

Members of the NBER’s Environment and Energy Economics Program met April 8–9 online. Research Associates Catherine Hausman of the University of Michigan and Wolfram Schlenker of Columbia University organized the meeting. These researchers’ papers were presented and discussed:

  • Charles A. Taylor, Columbia University, and Hannah Druckenmiller, University of California, Berkeley, “Draining the Swamp: Wetlands, Flooding, and the Clean Water Act”
  • Esther Rolf, Vaishaal Shankar, Miyabi Ishihara, and Benjamin Recht, University of California, Berkeley; Jonathan Proctor, Harvard University; Tamma A. Carleton, University of California, Santa Barbara; Ian W. Bolliger, Rhodium Group; and Solomon M. Hsiang, University of California, Berkeley and NBER, “A Generalizable and Accessible Approach to Machine Learning with Global Satellite Imagery” (NBER Working Paper 28045)
  • Peter Christensen, Paul Francisco, and Erica Myers, University of Illinois at Urbana-Champaign; and Mateuz Souza, Charles III University of Madrid, “Decomposing the Wedge between Projected and Realized Returns in Energy Efficiency Programs”
  • Patrick Baylis, University of British Columbia, and Judson Boomhower, University of California, San Diego and NBER, “Building Codes and Community Resilience to Natural Disasters”
  • Rafael Araujo, Getúlio Vargas Foundation; Francisco Costa, University of Delaware and Escola Brasileira de Economia e Finanças; and Marcelo Sant’Anna, Escola Brasileira de Economia e Finanças, “Efficient Forestation in the Brazilian Amazon: Evidence from a Dynamic Model”
  • John A. List, University of Chicago and NBER; Robert D. Metcalfe, Boston University and NBER; V. Kerry Smith, Arizona State University and NBER; and Ariel Goldszmidt, Ian Muir and Jenny Wang, Lyft, “The Value of Time in the United States: Estimates from Nationwide Natural Field Experiments” (NBER Working Paper 28208)
  • Meera Mahadevan, University of California, Irvine, “The Price of Power: Costs of Political Corruption in Indian Electricity”
  • Ryan M. Abman, San Diego State University; Teevrat Garg, University of California, San Diego; Yao Pan, Aalto University; and Saurabh Singhal, Lancaster University, “Agriculture and Deforestation”
  • Christopher Costello, University of California, Santa Barbara and NBER, and Matthew Kotchen, Yale University and NBER, “Policy Instrument Choice with Coasean Provision of Public Goods” (NBER Working Paper 28130)

Summaries of these papers are at www.nber.org/conferences/environment-and-energy-economics-program-meeting-spring-2021

Asset Pricing

Members of the NBER’s Asset Pricing Program met April 9 online. Research Associates Hanno Lustig of Stanford University and Annette Vissing-Jorgensen of the University of California, Berkeley organized the meeting. These researchers’ papers were presented and discussed:

  • Svetlana Bryzgalova, Christian Julliard, and Jiantao Huang, London School of Economics, “Bayesian Solutions for the Factor Zoo: We Just Ran Two Quadrillion Models”
  • Leonid Kogan, MIT and NBER; Winston Wei Dou, University of Pennsylvania; and Wei Wu, Texas A&M University, “Common Fund Flows: Flow Hedging and Factor Pricing”
  • Jennie Bai, Georgetown University and NBER, and Massimo Massa, Institut Européen d’Administration des Affaires (INSEAD), “Is Hard and Soft Information Substitutable? Evidence from the Lockdowns”
  • Robert Jay Kahn, Office of Financial Research, and Daniel Barth, Federal Reserve Board of Governors, “Hedge Funds and the Treasury Cash-Futures Disconnect”
  • 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”
  • Mikhail Chernov, University of California, Los Angeles and NBER; Magnus Dahlquist, Stockholm School of Economics; and Lars A. Lochstoer, University of California, Los Angeles, “Pricing Currency Risks” (NBER Working Paper 28260)

Summaries of these papers are at www.nber.org/conferences/asset-pricing-program-meeting-spring-2021

Race and Stratification

The NBER’s Working Group on Race and Stratification met April 9 online. Working Group Diretor Trevon Logan of The Ohio State University and Research Associates Isaiah Andrews of Harvard University, Rodney Andrews of the University of Texas at Dallas, Renee Bowen of the University of California, San Diego, and Ebonya L. Washington of Yale University organized the meeting. These researchers’ papers were presented and discussed:

  • David Arnold, University of California, San Diego; Will S. Dobbie, Harvard University and NBER; and Peter Hull, University of Chicago and NBER, “Towards a Non-Discriminatory Algorithm in Selected Data”
  • Lena Song, New York University, “Discrimination and Media Diversity: Historical Evidence from US Radio Stations”
  • Dan McGee, Princeton University, “Emergence of Stereotypes under Group Competition”
  • Ellora Derenoncourt, University of California, Berkeley; Chi Hyun Kim, German Institute for Economic Research (DIW Berlin); and Moritz Kuhn and Moritz Schularick, University of Bonn, “The Racial Wealth Gap, 1860–2020”
  • Francisca Antman, University of Colorado, and Kalena Cortes, Texas A&M University and NBER, “The Long-Run Impacts of Mexican-American School Desegregation”

Summaries of these papers are at www.nber.org/conferences/working-group-race-and-stratification-spring-2021

Organizational Economics

The NBER’s Organizational Economics Working Group met April 15–17 online. Working Group Director Robert S. Gibbons of the Massachusetts Institute of Technology organized the meeting. These researchers’ papers were presented and discussed:

  • Steven Callander, Dana Foarta, and Takuo Sugaya, Stanford University, “Market Competition and Political Influence: An Integrated Approach”
  • Susan Helper, Case Western Reserve University and NBER, and Abdul Munasib, Bureau of Economic Analysis, “Economies of Scope and Relational Contracts”
  • Serguey Braguinsky, University of Maryland and NBER; Atsushi Ohyama, Hitotsubashi University; Tetsuji Okazaki, University of Tokyo; and Chad Syverson, University of Chicago and NBER, “Product Innovation, Product Diversification, and Firm Growth: Evidence from Japan’s Early Industrialization” (NBER Working Paper 26665)
  • Laurence Prusak, Columbia University, “The Practice of Knowledge Management in Organizations”
  • German Gieczewski, Princeton University, and Svetlana Kosterina, University of Pittsburgh, “Endogenous Experimentation in Organizations”
  • Devesh Rustagi, University of Nottingham, “The Interdependence of Formal Rules and Civic Capital in Commons Management”
  • Felix Zhiyu Feng and Mark Westerfield, University of Washington, and Curtis Taylor and Feifan Zhang, Duke University, “Setbacks, Shutdowns, and Overruns”
  • Manaswini Rao, University of California, San Diego, and Ashish Shenoy, University of California, Davis, “Got (Clean) Milk? Governance, Incentives, and Collective Action in Indian Dairy Cooperatives”
  • Renee Bowen, University of California, San Diego and NBER; Ilwoo Hwang, University of Miami; and Stefan Krasa, University of Illinois, “Agenda-Setter Power Dynamics: Learning in Multi-Issue Bargaining” (NBER Working Paper 27981)
  • Rocco Macchiavello, London School of Economics, and Ameet Morjaria, Northwestern University, “Acquisitions, Management and Efficiency: Evidence from Rwanda’s Coffee Industry”
  • Stephen Michael Impink, New York University; Andrea Prat, Columbia University; and Raffaella Sadun, Harvard University and NBER, “Communication within Firms: Evidence from CEO Turnovers”
  • Miguel Espinosa, Universitat Pompeu Fabra and Barcelona GSE, and Christopher T. Stanton, Harvard University and NBER, “Worker Skills and Organizational Spillovers: Evidence from Linked Training and Communications Data”
  • Erika Deserranno, Northwestern University; Gianmarco León, Universitat Pompeu Fabra and Barcelona Graduate School of Economics; and Philipp M. Kastrau, Universitat Pompeu Fabra, “Promotions and Productivity: The Role of Meritocracy and Pay Progression in the Public Sector”
  • 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”
  • Jordi Brandts, Institut d’Anàlisi Econòmica, and David J. Cooper, Florida State University, “Managerial Leadership, Truth-Telling and Efficient Coordination”

Summaries of some of these papers are at www.nber.org/conferences/organizational-economics-meeting-spring-2021

Behavioral Finance

The NBER’s Behavioral Finance Working Group met April 16 online. Working Group Director Nicholas C. Barberis of Yale University organized the meeting, which was supported by Bracebridge Capital and Fuller and Thaler Asset Management. These researchers’ papers were presented and discussed:

  • Stefano Cassella, Tilburg University; Benjamin Golez and Peter Kelly, University of Notre Dame; and Huseyin Gulen, Purdue University, “Horizon Bias in Expectations Formation”
  • Spencer Yongwook Kwon and Johnny Tang, Harvard University, “Reactions to News and Reasoning by Exemplars”
  • Theis I. Jensen and Lasse H. Pedersen, Copenhagen Business School, and Bryan T. Kelly, Yale University and NBER, “Is There a Replication Crisis in Finance?” (NBER Working Paper 28432)
  • Francesca Bastianello and Paul Fontanier, Harvard University, “Partial Equilibrium Thinking in General Equilibrium”
  • Ricardo De la O, University of Southern California, and Sean Myers, University of Pennsylvania Wharton School, “Real Cash Flow Expectations and Asset Prices”
  • Anna Pavlova and Taisiya Sikorskaya, London Business School, “Benchmarking Intensity”

Summaries of these papers are at www.nber.org/conferences/behavioral-finance-working-group-meeting-spring-2021

Political Economy

Members of the NBER’s Political Economy Program met April 22–23 online. Program directors Francesco Trebbi of the University of California, Berkeley and Ebonya L. Washington of Yale University organized the meeting. These researchers’ papers were presented and discussed:

  • Alexander Wolitzky, MIT, and Anton Kolotilin, University of New South Wales, “The Economics of Partisan Gerrymandering”
  • Andrei Markevich, New Economics School, Moscow; Natalya Naumenko, George Mason University; and Nancy Qian, Northwestern University and NBER, “The Political Economic Causes of the Soviet Great Famine, 1932–33”
  • Ceren Baysan, University of Essex, “Persistent Polarizing Effects of Persuasion: Experimental Evidence from Turkey”
  • Abhay Aneja, University of California, Berkeley, and Guo Xu, University of California, Berkeley and NBER, “The Costs of Employment Segregation: Evidence from the Federal Government under Woodrow Wilson” (NBER Working Paper 27798)
  • Thomas Fujiwara, Princeton University and NBER; Karsten Müller, Princeton University; and Carlo Schwarz, Bocconi University, “The Effect of Social Media on Elections: Evidence from the United States”
  • Alessandra Casella, Columbia University and NBER, and Jeffrey Guo and Michelle Jiang, Columbia University, “Minority Turnout and Representation under Cumulative Voting. An Experiment.” (NBER Working Paper 28674)
  • Bei Qin, Hong Kong Baptist University; David Stromberg, Stockholm University; and Yanhui Wu, University of Hong Kong, “Social Media and Protests in China”
  • Pellumb Reshidi, Princeton University, and Alessandro Lizzeri and Leeat Yariv, Princeton University and NBER, “Individual and Collective Information Acquisition: An Experimental Study”

Summaries of these papers are at www.nber.org/conferences/political-economy-program-meeting-spring-2021

Economics of Education

Members of the NBER’s Economics of Education Program met April 29–30 online. Program Director Caroline M. Hoxby of Stanford University organized the meeting. These researchers’ papers were presented and discussed:

  • Nathan Jones, Boston University; Matthew A. Kraft and John Papay, Brown University; and Leigh R. Wedenoja, Rockefeller Institute of Government, “The Benefits of Early and Unconstrained Hiring: Evidence from Teacher Labor Markets”
  • Christina Brown, University of California, Berkeley; Supreet Kaur, University of California, Berkeley and NBER; Geeta Kingdon, University College London Institute of Education; and Heather Schofield, University of Pennsylvania, “Attention As Human Capital”
  • Daniel Herbst, University of Arizona; Miguel Palacios, University of Calgary; and Constantine Yannelis, University of Chicago and NBER, “Equity and Incentives in Human Capital Investment”
  • Michela M. Tincani and Enrico Miglino, University College London, and Fabian Kosse, Ludwig Maximilian University Munich, “Subjective Beliefs and Inclusion Policies: Evidence from College Admissions”
  • Barbara Biasi and Song Ma, Yale University and NBER, “The Education-Innovation Gap”
  • Joseph G. Altonji, Yale University and NBER, and Zhengren Zhu, Yale University, “Returns to Specific Graduate Degrees: Estimates Using Texas Administrative Records”
  • Felipe H. Arteaga Ossa, University of California, Berkeley; Adam Kapor and Christopher Neilson, Princeton University and NBER; and Seth D. Zimmerman, Yale University and NBER, “Smart Matching Platforms and Heterogeneous Beliefs in Centralized School Choice”
  • Anjali Adukia, University of Chicago and NBER; Alex Eble, Columbia University; and Emileigh Harrison, Hakizumwami B. Runesha, and Teodora B. Szasz, University of Chicago, “What We Teach About Race and Gender: Representation in Images and Text of Children’s Books”
  • Esteban M. Aucejo, Arizona State University and NBER; Jacob F. French, Arizona State University; and Basit Zafar, University of Michigan and NBER, “Estimating Students’ Valuation for College Experiences” (NBER Working Paper 28511)
  • Xiaoxiao Li, Villanova University; Sebastian Linde, Medical College of Wisconsin; and Hajime Shimao, Santa Fe Institute, “Major Complexity Index and College Skill Production”
  • Dylan Conger, George Washington University; Mark Long, University of Washington; and Raymond McGhee Jr., Robert Wood Johnson Foundation, “Advanced Placement and Initial College Enrollment: Evidence from an Experiment”
  • Jake Anders, Alex Bryson, and Hedvig Horvath, University College London, and Bilal Nasim, Institute of Education, “The Effects of Pay Decentralisation on Teachers’ Pay and Teacher Retention”

Summaries of these papers are at www.nber.org/conferences/economics-education-program-meeting-spring-2021

Health Economics

Members of the NBER’s Health Economics Program met May 6–7 online. Program Director Christopher Carpenter of Vanderbilt University and Research Associate Sara Markowitz of Emory University organized the meeting. These researchers’ papers were presented and discussed:

  • Marcus Dillender, University of Illinois at Chicago and NBER, “The Health Impacts of Public Health Funding: Evidence and Lessons from the Fight against HIV/AIDS”
  • Gabriella Conti, University College London, and Paul Rodríguez-Lesmes, Universidad del Rosario, “Early Childhood Health Inequalities and In Utero Health Interventions: Evidence from the Treatment of Gestational Diabetes”
  • Nicolás Badaracco, University of Wisconsin-Madison; Marguerite Burns, University of Wisconsin School of Medicine and Public Health; and Laura Dague, Texas A&M University and NBER, “In-Kind Welfare Benefits and Recidivism Risk: Evidence from Medicaid”
  • Alice Chen, University of Southern California; Elizabeth L. Munnich, University of Louisville; Stephen Parente, University of Minnesota; and Michael R. Richards, Baylor University, “Provider Turf Wars and Medicare Payment Rules”
  • Timothy J. Moore, Purdue University and NBER; Benjamin Hansen, University of Oregon and NBER; and William W. Olney, Williams College, “Importing the Opioid Crisis? Trade, Smuggling, and Fentanyl Overdoses”
  • Joshua C. Tibbitts, Washington State University, and Benjamin W. Cowan, Washington State University and NBER, “The Opioid Safety Initiative and Veteran Suicides”

Summaries of these papers are at www.nber.org/conferences/health-economics-program-meeting-spring-2021