Program and Working Group Meetings, Fall 2021

12/31/2021

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Chinese Economy

Members of the NBER’s Chinese Economy Working Group met October 7–9 online. Research Associates Hanming Fang of the University of Pennsylvania, Zhiguo He of the University of Chicago, Shang-Jin Wei of Columbia University, and Wei Xiong of Princeton University organized the meeting. These researchers’ papers were presented and discussed:

Hanming Fang; Jing Wu and Rongjie Zhang, Tsinghua University; and Li-An Zhou, Peking University, “Anticorruption Campaign, Stereotyping, and the Resurgence of the SOEs: Evidence from China’s Real Estate Sector”
Greg Buchak, Stanford University; Jiayin Hu, Peking University; and Shang-Jin Wei, “FinTech as a Financial Liberator”
Shumin Qiu, East China University of Science and Technology, and Claudia Steinwender and Pierre Azoulay, Massachusetts Institute of Technology and NBER, “Who Stands on the Shoulders of Chinese (Scientific) Giants? Evidence from Chemistry”
Simon Alder, Swiss National Bank, and Zheng Michael Song and Zhitao Zhu, Chinese University of Hong Kong, “Unequal Returns to China’s Intercity Road Network”
Shaoda Wang, University of Chicago, and David Y. Yang, Harvard University and NBER, “The Political Economy of Policy Experimentations in China”
Guilong Cai, Sun Yat-sen University; R. David McLean, Georgetown University; Tianyu Zhang, City University of Hong Kong; and Mengxin Zhao, University of Alberta, “Short Sellers in the Realm of Social Media: Arbitrageurs or Manipulators?”
Kaiji Chen and Yiqing Xiao, Emory University, and Tao Zha, Emory University and NBER, “Bank Wholesale Funding, Monetary Transmission and Systemic Risk: Evidence from China”
Pengjie Gao and Peter Kelly, University of Notre Dame; Allen Hu, Yale University; Cameron Peng, London School of Economics; and Ning Zhu, Tsinghua University, “Exploited by Complexity”
Pengfei Han, Peking University; Wei Jiang, Columbia University and NBER; and Danqing Mei, Cheung Kong Graduate School of Business, “Mapping US-China Technology Decoupling, Innovation, and Firm Performance”

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

Political Economy

Members of the NBER’s Political Economy Program met October 14–15 online. Research Associates Katherine Casey of Stanford University, Alessandro Lizzeri of Princeton University, and Pierre Yared of Columbia University organized the meeting. These researchers’ papers were presented and discussed:

Julia Cagé, Sciences Po; Nicolas Hervé, Institut National de l’Audiovisuel; and Béatrice Mazoyer, CentraleSupélec, “Social Media and Newsroom Production Decisions”
Leonardo Bursztyn, University of Chicago and NBER; Georgy Egorov, Northwestern University and NBER; Ruben Enikolopov, New Economic School; and Maria Petrova, Universitat Pompeu Fabra, “Social Media and Xenophobia: Theory and Evidence from Russia” (NBER Working Paper 26567)
Martin Beraja, Massachusetts Institute of Technology and NBER; Andrew Kao, Harvard University; David Y. Yang, Harvard University and NBER; and Noam Yuchtman, London School of Economics, “AI-tocracy: The Symbiosis of Autocrats and Innovators”
Charles Angelucci, Massachusetts Institute of Technology, and Andrea Prat, Columbia University, “Is Journalistic Truth Dead? Measuring How Informed Voters Are about Political News”
Jorg L. Spenkuch and Edoardo Teso, Northwestern University; and Guo Xu, University of California, Berkeley and NBER, “Ideology and Performance in Public Organizations” (NBER Working Paper 28673)
Steven Callander, Dana Foarta, and Takuo Sugaya, Stanford University, “Market Competition and Political Influence: An Integrated Approach”

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

Economic Fluctuations and Growth

Members of the NBER’s Economic Fluctuations and Growth Program met October 15 online. Research Associates Daron Acemoglu of the Massachusetts Institute of Technology and Stefanie Stantcheva of Harvard University organized the meeting. These researchers’ papers were presented and discussed:

Nicholas Bloom, Stanford University and NBER; Tarek Alexander Hassan, Boston University and NBER; Aakash Kalyani, Boston University; Josh Lerner, Harvard University and NBER; and Ahmed Tahoun, London Business School, “The Diffusion of Disruptive Technologies” (NBER Working Paper 28999)
Gabriel Chodorow-Reich, Harvard University and NBER; Adam Guren, Boston University and NBER; and Timothy McQuade, University of California, Berkeley, “The 2000s Housing Cycle with 2020 Hindsight: A Neo-Kindlebergerian View” (NBER Working Paper 29140)
Peter Ganong, Pascal J. Noel, and Joseph S. Vavra, University of Chicago and NBER, and Fiona E. Greig and Daniel M. Sullivan, JPMorgan Chase Institute, “Spending and Job Search Impacts of Expanded Unemployment Benefits: Evidence from Administrative Micro Data”
Spencer Yongwook Kwon, Harvard University; Yueran Ma, University of Chicago and NBER; and Kaspar Zimmermann, Leibniz Institute for Financial Research SAFE, “100 Years of Rising Corporate Concentration”
Erik Hurst, University of Chicago and NBER; Yona Rubinstein, London School of Economics; and Kazuatsu Shimizu, Massachusetts Institute of Technology, “Task Based Discrimination” (NBER Working Paper 29022)
Maryam Farboodi, Massachusetts Institute of Technology and NBER, and Laura Veldkamp, Columbia University and NBER, “A Model of the Data Economy”

Summaries of these papers are at https://www.nber.org/conferences/efg-research-meeting-fall-2021

Market Design

Members of the NBER’s Market Design Working Group met October 21–23 online. Program Directors Michael Ostrovsky of Stanford University and Parag A. Pathak of the Massachusetts Institute of Technology organized the meeting. These researchers’ papers were presented and discussed:

Eric Budish, University of Chicago and NBER; Peter Cramton, University of Cologne; Albert Kyle and David Malec, University of Maryland; and Jeongmin Lee, Washington University in St. Louis, “Flow Trading”
Nikhil Agarwal, Massachusetts Institute of Technology and NBER; Charles Hodgson, Yale University; and Paulo J. Somaini, Stanford University and NBER, “Choices and Outcomes in Assignment Mechanisms: The Allocation of Deceased Donor Kidneys” (NBER Working Paper 28064)
Itai Ashlagi and Amin Saberi, Stanford University; Jacob D. Leshno, University of Chicago; and Pengyu Qian, Purdue University, “Price Discovery in Waiting Lists: A Connection to Stochastic Gradient Descent”
Mohammad Akbarpour, Yeganeh Alimohammadi, and Amin Saberi, Stanford University, and Shengwu Li, Harvard University, “The Value of Excess Supply in Spatial Matching Markets”
Julien Grenet, Paris School of Economics; YingHua He, Rice University; and Dorothea Kübler, WZB Berlin Social Science Center, “Decentralizing Centralized Matching Markets: Implications from Early Offers in University Admissions”
Michael Ostrovsky, Stanford University and NBER, “Choice Screen Auctions”
Kyle Greenberg, United States Military Academy at West Point; Parag A. Pathak; and Tayfun Sönmez, Boston College, “Mechanism Design Meets Priority Design: Redesigning the US Army’s Branching Process” (NBER Working Paper 28911)
Omer Edhan, University of Manchester; Ravi Jagadeesan, Stanford University; and Elizabeth C. Baldwin, Paul D. Klemperer, and Alexander Teytelboym, University of Oxford, “The Equilibrium Existence Duality: Equilibrium with Indivisibilities and Income Effects”
Xintong Wang, Harvard University; David Pennock and David M. Rothschild, Microsoft Research; Nikhil Devanur, Amazon; Biaoshuai Tao, Shanghai Jiao Tong University; and Michael Wellman, University of Michigan, “Designing a Combinatorial Financial Options Market”
Julien Combe, CREST-École polytechnique; Umut M. Dur, North Carolina State University; Olivier Tercieux, Paris School of Economics; Camille Terrier, University of Lausanne; and M. Utku Ünver, Boston College, “Mechanism and Priority Design for Distributional Objectives: An Application to Improve the Distribution of Teachers in Schools”
Paul Milgrom and Mitchell L. Watt, Stanford University, “Linear Pricing Mechanisms without Convexity”
Francisco Castro, University of California, Los Angeles; Hongyao Ma, Columbia University; Hamid Nazerzadeh, University of Southern California; and Chiwei Yan, University of Washington, “Randomized FIFO Mechanisms”

Summaries of these papers are at https://www.nber.org/conferences/market-design-working-group-meeting-fall-2021

Development Economics/BREAD

A joint meeting of the NBER’s Development Economics Program and the Bureau for Research and Economic Analysis of Development (BREAD) was held October 22 online. Robin Burgess of the London School of Economics, Program Director Benjamin A. Olken, and Research Associates Samuel Bazzi of the University of California, San Diego, Jing Cai of the University of Maryland, Arun G. Chandrasekhar of Stanford University, Chang-Tai Hsieh of the University of Chicago, and Tavneet Suri of the Massachusetts Institute of Technology organized the meeting. These researchers’ papers were presented and discussed:

Martin Beraja, Massachusetts Institute of Technology and NBER; Andrew Kao, Harvard University; David Y. Yang, Harvard University and NBER; and Noam Yuchtman, London School of Economics, “AI-tocracy: The Symbiosis of Autocrats and Innovators”
Lucie Gadenne, Warwick University; Samuel Norris, University of British Columbia; Monica Singhal, University of California, Davis and NBER; and Sandip Sukhtankar, University of Virginia, “In-Kind Transfers as Insurance” (NBER Working Paper 28507)
Jacob Moscona, Harvard University, and Karthik Sastry, Massachusetts Institute of Technology, “Inappropriate Technology: Evidence from Global Agriculture”
John J. Conlon, Harvard University; Malavika Mani, Columbia University; Gautam Rao, Harvard University and NBER; Matthew W. Ridley, Massachusetts Institute of Technology; and Frank Schilbach, Massachusetts Institute of Technology and NBER, “Learning in the Household” (NBER Working Paper 28844)
Christoph Albert and Paula Bustos, Center for Monetary and Financial Studies, and Jacopo Ponticelli, Northwestern University and NBER, “The Effects of Climate Change on Labor and Capital Reallocation” (NBER Working Paper 28995)
Sabrin A. Beg, University of Delaware; Anne E. Fitzpatrick, University of Massachusetts Boston; and Adrienne Lucas, University of Delaware and NBER, “Improving Public Sector Service Delivery: The Importance of Management”
Matthew Grant, Dartmouth College, and Meredith Startz, Dartmouth College and NBER, “Cutting Out the Middleman: The Structure of Chains of Intermediation”
Michael Kremer, University of Chicago and NBER; Jack Willis, Columbia University and NBER; and Yang You, University of Hong Kong, “Converging to Convergence”
Saad Gulzar, Stanford University, and Muhammad Yasir Khan, University of Pittsburgh, “‘Good Politicians’: Experimental Evidence on Motivations for Political Candidacy and Government Performance”
Mark Buntaine, University of California, Santa Barbara; Michael Greenstone, University of Chicago and NBER; Guojun He, University of Hong Kong; Mengdi Liu, University of International Business and Economics; Shaoda Wang, University of Chicago; and Bing Zhang, Nanjing University, “Citizen Participation and Government Accountability: National-Scale Experimental Evidence from Pollution Appeals in China”
Natalia Rigol, Harvard University and NBER, and Benjamin N. Roth, Harvard University, “Strategic Disclosure of Loan Officers and Graduation from Microfinance: Evidence from Chile”
Tahir Andrabi, Pomona College; Natalie Bau, University of California, Los Angeles and NBER; Jishnu Das, Georgetown University and NBER; Naureen Karachiwalla, International Food Policy Research Institute; and Asim Ijaz Khwaja, Harvard University and NBER, “Crowding In Private Quality: The Equilibrium Effects of Public Spending in Education”

Summaries of these papers are at https://www.nber.org/conferences/development-economics-bread-program-meeting-fall-2021

Insurance

The NBER’s Insurance Working Group met October 22 in an online session organized by the group’s directors, Benjamin R. Handel of the University of California, Berkeley and Motohiro Yogo of Princeton University. The following papers were presented and discussed:

Naoki Aizawa, University of Wisconsin-Madison and NBER, and Ami Ko, Georgetown University, “Dynamic Pricing Regulation and Welfare in Insurance Markets”
Marco Cosconati, Bank of Italy and Institute for the Supervision of Insurance (IVASS), “The Effect of Insurance Telematics and Financial Penalties on Market-Wide Moral Hazard”
Mark L. Egan, Harvard University and NBER; Shan Ge, New York University; and Johnny Tang, Harvard University, “Conflicting Interests and the Effect of Fiduciary Duty: Evidence from Variable Annuities” (NBER Working Paper 27577)
Sangmin Oh, University of Chicago; Ishita Sen, Harvard University; and Ana-Maria Tenekedjieva, Federal Reserve Board, “Pricing of Climate Risk Insurance: Regulatory Frictions and Cross-Subsidies”
Erasmo Giambona, Syracuse University; Anil Kumar, Aarhus University; and Gordon M. Phillips, Dartmouth College and NBER, “Hedging and Competition” (NBER Working Paper 29207)

Summaries of these papers are at https://www.nber.org/conferences/insurance-working-group-meeting-fall-2021

Public Economics

Affiliates of the Public Economics Program met October 28 online. The meeting was organized by Research Associates Hunt Alcott of Microsoft Research and Juan Carlos Suárez Serrato of Duke University. The following papers were presented and discussed:

Kristoffer B. Hvidberg and Claus Kreiner, University of Copenhagen; and Stefanie Stantcheva, Harvard University and NBER, “Social Position and Fairness Views” (NBER Working Paper 28099)
Colleen Carey, Cornell University and NBER, and Nolan H. Miller and David Molitor, University of Illinois at Urbana-Champaign and NBER, “Why Does Disability Increase during Recessions? Evidence from Medicare”
Santosh Anagol, University of Pennsylvania; Fernando V. Ferreira, University of Pennsylvania and NBER; and Jonah M. Rexer, Princeton University, “Estimating the Economic Value of Zoning Reform” (NBER Working Paper 29440)
Ellora Derenoncourt, Princeton University and NBER, and Chi Hyun Kim, Moritz Kuhn, and Moritz Schularick, University of Bonn, “The Racial Wealth Gap, 1860–2020”
Amir Kermani, University of California, Berkeley and NBER, and Francis Wong, NBER Postdoctoral Fellow, “Racial Disparities in Housing Returns” (NBER Working Paper 29306)
Antoine Ferey, University of Munich; Benjamin Lockwood, University of Pennsylvania and NBER; Dmitry Taubinsky, University of California, Berkeley and NBER, “Sufficient Statistics for Nonlinear Tax Systems with Preference Heterogeneity”

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

Insurance and Public Economics: Joint Meeting

The Insurance Working Group and the Public Economics Program met jointly online on October 29. The following papers were presented and discussed in the joint session:

Mark Shepard, Harvard University and NBER, and Myles Wagner, Harvard University, “Reducing Ordeals through Automatic Enrollment: Evidence from a Health Insurance Exchange”
Paul J. Eliason, Brigham Young University, Riley J. League, Duke University, Jetson Leder-Luis, Boston University, Ryan C. McDevitt, Duke University, and James W. Roberts, Duke University and NBER, “Ambulance Taxis: The Impact of Regulation and Litigation on Health Care Fraud” (NBER Working Paper 29491)
Zarek C. Brot-Goldberg, University of Chicago; Timothy Layton, Harvard University and NBER; and Samantha Burn and Boris Vabson, Harvard University, “Rationing Medicine through Bureaucracy: Authorization Restrictions in Medicare”
Abe Dunn, Bureau of Economic Analysis; Joshua D. Gottlieb, University of Chicago and NBER; Adam Shapiro, Federal Reserve Bank of San Francisco; Daniel J. Sonnenstuhl, University of Chicago; and Pietro Tebaldi, Columbia University and NBER, “A Denial a Day Keeps the Doctor Away” (NBER Working Paper 29010)
Marta Lachowska, W. E. Upjohn Institute for Employment Research; Isaac Sorkin, Stanford University and NBER; and Stephen A. Woodbury, Michigan State University, “Firms and Unemployment Insurance Take-Up”
Daniel Herbst, University of Arizona, and Nathaniel Hendren, Harvard University and NBER, “Opportunity Unraveled: Private Information and the Missing Markets for Financing Human Capital” (NBER Working Paper 29214)

Summaries of some of these papers are at https://www.nber.org/conferences/insurance-working-group-meeting-fall-2021

International Finance and Macroeconomics

Members of the NBER’s International Finance and Macroeconomics Program met October 29 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:

George A. Alessandria and Yan Bai, University of Rochester and NBER, and Soo Kyung Woo, University of Rochester, “Rising Current Account Dispersion: Financial or Trade Integration?”
Bruno Pellegrino, University of Maryland; Enrico Spolaore, Tufts University and NBER; and Romain Wacziarg, University of California, Los Angeles and NBER, “Barriers to Global Capital Allocation” (NBER Working Paper 28694)
Ozge Akinci, Federal Reserve Bank of New York; Şebnem Kalemli-Özcan, University of Maryland and NBER; and Albert Queralto, Federal Reserve Board, “Uncertainty Shocks, Capital Flows and International Risk Spillovers”
Luca Fornaro, Centre de Recerca en Economia Internacional (CREI); Martin Wolf, University of St. Gallen; and Gianluca Benigno, Federal Reserve Bank of New York, “The Global Financial Resource Curse”
Pablo Ottonello, University of Michigan and NBER; Diego J. Perez, New York University and NBER; and Paolo Varraso, New York University, “Are Collateral-Constraint Models Ready for Macroprudential Policy Design?”

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

Asset Pricing

Members of the NBER’s Asset Pricing Program met November 5 in Cambridge and online. Research Associates Martin Lettau of the University of California, Berkeley and Laura Veldkamp of Columbia University organized the meeting. These researchers’ papers were presented and discussed:

Toomas Laarits, New York University, “Precautionary Savings and the Stock-Bond Covariance”
Pulak Ghosh, Indian Institute of Management Bangalore; Boris Vallee, Harvard University; and Yao Zeng, University of Pennsylvania, “FinTech Lending and Cashless Payments”
Vimal Balasubramaniam, Queen Mary University of London; John Y. Campbell, Harvard University and NBER; Tarun Ramadorai, Imperial College London; and Benjamin Ranish, Federal Reserve Board, “Who Owns What? A Factor Model for Direct Stock Holding”
Samuel M. Hartzmark, University of Chicago and NBER, and David H. Solomon, Boston College, “Predictable Price Pressure”
Jinfei Sheng, Zheng Sun, and Wanyi Wang, University of California, Irvine, “Partisan Return Gap: The Polarized Stock Market in the Time of a Pandemic”

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

Corporate Finance

Members of the NBER’s Corporate Finance Program met November 5 in Cambridge and online. Research Associates Thomas Philippon of New York University and Joshua Rauh of Stanford University, and Program Directors Amir Sufi of the University of Chicago and Antoinette Schoar of the Massachusetts Institute of Technology organized the meeting. These researchers’ papers were presented and discussed:

Sylvain Catherine, University of Pennsylvania, and Constantine Yannelis, University of Chicago and NBER, “The Distributional Effects of Student Loan Forgiveness” (NBER Working Paper 28175)
Greg Buchak, Stanford University; Gregor Matvos, Northwestern University and NBER; Tomasz Piskorski, Columbia University and NBER; and Amit Seru, Stanford University and NBER, “Why Is Intermediating Houses So Difficult? Evidence from iBuyers” (NBER Working Paper 28252)
Francesco D’Acunto, Boston College; Pulak Ghosh, Indian Institute of Management Bangalore; and Alberto G. Rossi, Georgetown University, “How Costly Are Cultural Biases? Evidence from FinTech”
Will Gornall and Xing Liu, University of British Columbia; Oleg Gredil, Tulane University; and Sabrina T. Howell, New York University and NBER, “Do Employees Cheer for Private Equity? The Heterogeneous Effects of Buyouts on Job Quality”
Daniel G. Garrett, University of Pennsylvania; Eric C. Ohrn, Grinnell College; and Juan Carlos Suárez Serrato, Duke University and NBER, “Effects of International Tax Provisions on Domestic Labor Markets”
Ivo Welch, University of California, Los Angeles and NBER, “Ratios of Changes: How Real Estate Shocks Did Not Affect Corporate Investment”
Marina Gertsberg, Monash University; Johanna Mollerstrom, George Mason University; and Michaela Pagel, Columbia University and NBER, “Gender Quotas and Support for Women in Board Elections” (NBER Working Paper 28463)
Sergey Chernenko, Purdue University, and David S. Scharfstein, Harvard University and NBER, “Racial Disparities in the Paycheck Protection Program”

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

Behavioral Finance

Members of the NBER’s Behavioral Finance Working Group met November 12 online. Research Associate Nicholas C. Barberis of Yale University, the director of the working group, organized the meeting, which was supported by Bracebridge Capital and Fuller and Thaler Asset Management. These researchers’ papers were presented and discussed:

Nicholas C. Barberis, and Lawrence J. Jin, California Institute of Technology, “Model-Free and Model-Based Learning As Joint Drivers of Investor Behavior”
Tony Qiaofeng Fan, Stanford University; Yucheng Liang, Carnegie Mellon University; and Cameron Peng, London School of Economics, “The Inference-Forecast Gap in Belief Updating”
Gabriel Chodorow-Reich, Harvard University and NBER; Adam Guren, Boston University and NBER; and Timothy McQuade, University of California, Berkeley, “The 2000s Housing Cycle with 2020 Hindsight: A Neo-Kindlebergerian View” (NBER Working Paper 29140)
Stefan Nagel, University of Chicago and NBER, and Zhengyang Xu, City University of Hong Kong, “Dynamics of Subjective Risk Premia”
Joao Paulo Valente, Kaushik Vasudevan, and Tianhao Wu, Yale University, “The Role of Beliefs in Asset Prices: Evidence from Exchange Rates”
Ricardo Barahona, Erasmus University, and Stefano Cassella and Kristy A. E. Jansen, Tilburg University, “Do Teams Alleviate or Exacerbate Behavioral Biases? Evidence from Extrapolation Bias in Mutual Funds”

Summaries of these papers are at https://www.nber.org/conferences/behavioral-finance-meeting-fall-2021

Organizational Economics

Members of the NBER’s Organizational Economics Working Group met November 12–13 in Cambridge and online. Research Associate Robert S. Gibbons of the Massachusetts Institute of Technology, the director of the working group, organized the meeting. These researchers’ papers were presented and discussed:

Ruixue Jia, University of California, San Diego and NBER; Gérard Roland, University of California, Berkeley and NBER; and Yang Xie, University of California, Riverside, “A Theory of Power Structure and Institutional Compatibility: China vs. Europe Revisited”
Michael Raith, University of Rochester, “Employment As a Relational Obligation to Work”
Joshua Schwartzstein, Harvard University, and Adi Sunderam, Harvard University and NBER, “Shared Models in Networks, Organizations, and Groups”
Shaoda Wang, University of Chicago, and David Y. Yang, Harvard University and NBER, “The Political Economy of Policy Experimentations in China”
Nemanja Antic, Northwestern University; Archishman Chakraborty, Yeshiva University; and Rick Harbaugh, Indiana University, “Subversive Conversations”
Ali Hortaçsu, University of Chicago and NBER; Olivia Natan, University of California, Berkeley; Hayden Parsley, University of Texas at Austin; Timothy Schweig, University of Chicago; and Kevin R. Williams, Yale University and NBER, “Organizational Structure and Pricing: Evidence from a Large US Airline”
Nicholas Argyres and Giorgio Zanarone, Washington University in St. Louis, and Ricard Gil, Queen’s University, “Outsourcing Scope and Cooperation: Evidence from Airlines”
Maria Guadalupe, INSEAD; Veronica Rappoport and Catherine Thomas, London School of Economics; and Bernard Salanié, Columbia University, “The Perfect Match: Assortative Matching in Mergers and Acquisitions”
Jorg L. Spenkuch and Edoardo Teso, Northwestern University, and Guo Xu, University of California, Berkeley and NBER, “Ideology and Performance in Public Organizations” (NBER Working Paper 28673)
Alan Benson, University of Minnesota; Danielle Li, Massachusetts Institute of Technology and NBER; and Kelly Shue, Yale University and NBER, “‘Potential’ and the Gender Promotion Gap”
Cagatay Bircan, European Bank for Reconstruction and Development, and Guido Friebel and Tristan Stahl, Goethe University Frankfurt, “Knowledge Teams, Careers, and Gender”
Niko Matouschek, Michael L. Powell, and Bryony Reich, Northwestern University, “Organizing Modular Production”
Laura E. Boudreau, Columbia University; Rocco Macchiavello and Virginia Minni, London School of Economics; and Mari Tanaka, Hitotsubashi University, “Union Leaders: Experimental Evidence from Myanmar”
Shan Aman-Rana, University of Virginia; Clement Minaudier, University of Vienna; Brais Álvarez Pereira, Universidade NOVA SBE; and Shamyla Chaudry, Lahore School of Economics, “Gender and Choice over Coworkers: Experimental Evidence”

Summaries of these papers are at https://www.nber.org/conferences/organizational-economics-fall-2021

Monetary Economics

Members of the NBER’s Monetary Economics Program met November 12 online. Research Associates Anna Cieslak of Duke University and Olivier Coibion of the University of Texas at Austin organized the meeting. These researchers’ papers were presented and discussed:

Chengcheng Jia, Federal Reserve Bank of Cleveland, and Jing Cynthia Wu, University of Notre Dame and NBER, “Average Inflation Targeting: Time Inconsistency and Intentional Ambiguity”
Igor Makarov, London School of Economics, and Antoinette Schoar, Massachusetts Institute of Technology and NBER, “Blockchain Analysis of the Bitcoin Market” (NBER Working Paper 29396)
John Coglianese, Federal Reserve Board; Maria Olsson, BI Norwegian Business School; and Christina Patterson, University of Chicago and NBER, “Monetary Policy and the Labor Market: A Quasi Experiment in Sweden”
Fernando E. Alvarez, University of Chicago and NBER; Andrea Ferrara, Northwestern University; Erwan Gautier and Hervé Le Bihan, Banque de France; and Francesco Lippi, LUISS Guido Carli University, “Empirical Investigation of a Sufficient Statistic for Monetary Shocks”
Cecilia R. Caglio and Matthew Darst, Federal Reserve Board, and Şebnem Kalemli-Özcan, University of Maryland and NBER, “Risk-Taking and Monetary Policy Transmission: Evidence from Loans to SMEs and Large Firms”
Christian K. Wolf, Massachusetts Institute of Technology and NBER, and Alisdair McKay, Federal Reserve Bank of Minneapolis, “What Can Time-Series Regressions Tell Us about Policy Counterfactuals?”

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

Labor Studies

Members of the NBER’s Labor Studies Program met November 19 in Cambridge and 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:

David Card and Jesse Rothstein, University of California, Berkeley and NBER, and Moises Yi, US Census Bureau, “Location, Location, Location”
Sara Heller, University of Michigan and NBER, and Judd B. Kessler, University of Pennsylvania and NBER, “The Effects of Letters of Recommendation in the Youth Labor Market”
Daron Acemoglu, Massachusetts Institute of Technology and NBER, and Pascual Restrepo, Boston University and NBER, “Tasks, Automation, and the Rise in US Wage Inequality” (NBER Working Paper 28920)
Joshua D. Gottlieb, University of Chicago and NBER; Maria Polyakova, Stanford University and NBER; Hugh Shiplett, University of British Columbia; and Kevin Rinz and Victoria Udalova, US Census Bureau, “Who Values Human Capitalists’ Human Capital? The Earnings and Labor Supply of US Physicians”
Arindrajit Dube, University of Massachusetts Amherst and NBER; Suresh Naidu, Columbia University and NBER; and Adam D. Reich, Columbia University, “Power and Dignity in the Low-Wage Labor Market: Theory and Evidence from Wal-Mart Workers”
Jonathon Hazell, Massachusetts Institute of Technology; Christina Patterson and Heather Sarsons, University of Chicago and NBER; and Bledi Taska, Emsi Burning Glass, “National Wage Setting”

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

Health Care

Members of the NBER’s Health Care Program met December 2–3 in Cambridge and online. Program Directors Amy Finkelstein of the Massachusetts Institute of Technology and Heidi L. Williams of Stanford University and Research Associates Sean Nicholson of Cornell University and Emily Oster of Brown University organized the meeting. These researchers’ papers were presented and discussed:

Mattan C. Alalouf, University of Michigan; Sarah Miller, University of Michigan and NBER; and Laura Wherry, New York University and NBER, “What Difference Does a Diagnosis Make? Evidence from Marginal Patients” (NBER Working Paper 26363)
Jonathan A. Holmes, University of California, Berkeley, “Does Medicaid Make Private Health Insurance Cheaper?”
Elisa Jacome, Stanford University, “Mental Health and Criminal Involvement: Evidence from Losing Medicaid Eligibility”
Alyce S. Adams, Stanford University; Raymond Kluender, Harvard University; Neale Mahoney, Stanford University and NBER; Jinglin Wang, New York University; Francis Wong, NBER Postdoctoral Fellow; and Wesley Yin, University of California, Los Angeles and NBER, “The Impact of Financial Assistance Programs on Health Care Utilization” (NBER Working Paper 29227)
Hannes Schwandt, Northwestern University and NBER; Janet Currie, Princeton University and NBER; James Banks, University of Manchester; Paola Bertoli, University of Verona; Sarah Cattan, Lucy Kraftman, and Sonya Krutikova, Institute for Fiscal Studies; Beatrice Zong-Ying Chao, Northwestern University; Claudia Costa and Paula Santana, University of Coimbra; Libertad González, Universidad Pompeu Fabra; Veronica Grembi, Copenhagen Business School; Kristiina Huttunen, Aalto University School of Economics; Stefano Lombardi, VATT Institute for Economic Research; Marlies Bär and Carlos Riumallo-Herl, Erasmus University; Ana Rodríguez-González, Lund University; Aline Bütikofer, Kjell Salvanes, and René Karadakic, Norwegian School of Economics; Josselin Thuilliez, Université Paris 1; Eddy van Doorslaer, Tom Van Ourti, and Bram Wouterse, Erasmus University Rotterdam; Joachim Winter and Peter Redler, University of Munich; and Amelie Wuppermann, University of Halle-Wittenberg, “Inequality in Mortality between Black and White Americans by Age, Place, and Cause, and in Comparison to Europe, 1990–2018” (NBER Working Paper 29203)
Yiqun Chen, University of Illinois at Chicago, “Team-Specific Human Capital and Team Performance: Evidence from Doctors”
Martin B. Hackmann, University of California, Los Angeles and NBER; Roman Klimke, Harvard University; Maria Polyakova, Stanford University and NBER; and Holger Seibert and Jörg Heining, Institute for Employment Research (IAB), “General Equilibrium Effects of Insurance Expansions: Evidence from Long-Term Care Labor Markets”
Hoa Vu, University of Wisconsin-Madison, “I Wish I Were Born in Another Time: Unintended Consequences of Immigration Enforcement on Birth Outcomes”

Summaries of these papers are at https://www.nber.org/conferences/health-care-program-meeting-fall-2021

Education

Members of the NBER’s Education Program met December 2–3 in Cambridge and online. Program Director Caroline M. Hoxby of Stanford University organized the meeting. These researchers’ papers were presented and discussed:

Christopher Campos, Princeton University, and Caitlin Kearns, University of California, Berkeley, “Neighborhood School Choice and Competition in Public Schools: Evidence from Los Angeles’ Zones of Choice”
Emily E. Cook, Tulane University, and Sarah Turner, University of Virginia and NBER, “Progressivity of Pricing at US Public Universities”
John J. Conlon, Spencer Yongwook Kwon, William E. Murdock, and Dev A. Patel, Harvard University, “Beliefs, Preferences, and Student Effort”
Mari Tanaka and Chiaki Moriguchi, Hitotsubashi University, and Yusuke Narita, Yale University, “Meritocracy and Its Discontents: Long-Run Effects of Repeated School Admission Reforms”
Alex Eble, Columbia University, and Feng Hu, University of Science and Technology Beijing, “(Mis)Information and the Value of College Names”
Jorge Agüero, University of Connecticut; Marta Favara, University of Oxford; Catherine Porter, Lancaster University; and Alan Sánchez, GRADE, “Do More School Resources Increase Learning Outcomes? Evidence from an Extended School-Day Reform”
Tareena Musaddiq, University of Michigan; Kevin M. Stange, University of Michigan and NBER; Andrew Bacher-Hicks, Boston University; and Joshua Goodman, Boston University and NBER, “The Pandemic’s Effect on Demand for Public Schools, Homeschooling and Private Schools” (NBER Working Paper 29262)
Joshua Angrist and Parag A. Pathak, Massachusetts Institute of Technology and NBER; Guthrie Gray-Lobe, University of Chicago; and Clemence Idoux, Massachusetts Institute of Technology, “Is Busing Worth the Trip? School Travel Effects in Boston and New York”

Summaries of some of these papers are at https://www.nber.org/conferences/education-program-meeting-fall-2021

Entrepreneurship

Members of the NBER’s Entrepreneurship Working Group met December 3 in Cambridge and online. Research Associates Josh Lerner of Harvard University and David T. Robinson of Duke University, who directs the working group, organized the meeting, which was supported by Ewing Marion Kauffman Foundation Grants RG-202003-8269 and 20140669. These researchers’ papers were presented and discussed:

Celine Yue Fei, University of North Carolina at Chapel Hill, and Keer Yang, University of Minnesota, “Fintech and Racial Barriers in Small Business Lending”
Shai Bernstein, Harvard University and NBER; Kunal Mehta, AngelList; Richard R. Townsend, University of California, San Diego and NBER; and Ting Xu, University of Virginia, “Reputation Spillovers in Venture Capital: Evidence from a Randomized Field Experiment”
Andrea Coali and Alfonso Gambardella, Bocconi University, and Elena Novelli, Bayes Business School, “Understanding Probabilistic Reasoning in Entrepreneurship”
Sergey Chernenko, Purdue University, and David S. Scharfstein, Harvard University and NBER, “Racial Disparities in the Paycheck Protection Program”
Camille Hebert, University of Toronto, “Learning from Errors in Entrepreneurship”
Laura Chioda, David Contreras-Loya, and Dana Carney, University of California, Berkeley, and Paul Gertler, University of California, Berkeley and NBER, “Making Entrepreneurs: Effect of Training Youth in Business Skills on Enterprise and Employment Creation” (NBER Working Paper 28845)
Jessica Jeffers and Kelly Posenau, University of Chicago, and Tianshu Lyu, Yale University, “The Risk and Return of Impact Investing Funds”

Summaries of these papers are at https://www.nber.org/conferences/entrepreneurship-working-group-fall-2021

International Trade and Investment

Members of the NBER’s International Trade and Investment Program met December 3–4 in Cambridge and online. Program Director Stephen J. Redding of Princeton University organized the meeting. These researchers’ papers were presented and discussed:

Kala Krishna, Pennsylvania State University and NBER; Carlos A. Salamanca and Yuta Suzuki, Pennsylvania State University; and Christian Volpe Martincus, Inter-American Development Bank, “Learning to Use Trade Agreements” (NBER Working Paper 29319)
Nicolas de Roux and Marcela Eslava, Universidad de los Andes; Santiago Franco, University of Chicago; and Eric Verhoogen, Columbia University and NBER, “Estimating Production Functions in Differentiated-Product Industries with Quantity Information and External Instruments” (NBER Working Paper 28323)
David Atkin and Arnaud Costinot, Massachusetts Institute of Technology and NBER, and Masao Fukui, Massachusetts Institute of Technology, “Globalization and the Ladder of Development: Pushed to the Top or Held at the Bottom?” (NBER Working Paper 29500)
James E. Anderson, Boston College and NBER, “Nonparametric Gravity”
Laura Alfaro, Harvard University and NBER; Cathy Ge Bao and Junjie Hong,University of International Business and Economics; Maggie Chen, George Washington University; and Claudia Steinwender, Massachusetts Institute of Technology and NBER, “Omnia Juncta in Uno: Foreign Powers and Trademark Protection in Shanghai’s Concession Era”
Stephan Heblich, University of Toronto; Stephen J. Redding; and Yanos Zylberberg, University of Bristol, “The Distributional Consequences of Trade: Evidence from the Repeal of the Corn Laws”
Nuno Limão, University of Maryland and NBER, and Yang Xu, Xiamen University, “Size, Trade, Technology and the Division of Labor” (NBER Working Paper 28969)
George A. Alessandria, University of Rochester and NBER; Shafaat Y. Khan, World Bank; Armen Khederlarian, University of Connecticut; Kim J. Ruhl, University of Wisconsin-Madison and NBER; and Joseph B. Steinberg, University of Toronto, “Trade-Policy Dynamics: Evidence from 60 Years of US-China Trade”
Sebastian Heise, Federal Reserve Bank of New York; Justin R. Pierce, Federal Reserve Board; Georg Schaur, University of Tennessee; and Peter K. Schott, Yale University and NBER, “Tariff Rate Uncertainty and the Structure of Supply Chains”
Antoine Gervais, Université de Sherbrooke; James R. Markusen, University of Colorado Boulder and NBER; and Anthony Venables, University of Oxford, “Regional Specialization: From the Geography of Industries to the Geography of Jobs”

Summaries of some of these papers are at https://www.nber.org/conferences/iti-program-meeting-fall-2021

Health Economics

Members of the NBER’s Health Economics Program met December 10 in Cambridge and online. Program Director Christopher S. Carpenter of Vanderbilt University and Research Associate Johanna Catherine Maclean of Temple University organized the meeting. These researchers’ papers were presented and discussed:

Sherajum Monira Farin, Lauren Hoehn-Velasco, and Michael F. Pesko, Georgia State University, “The Impact of Legal Abortion on Maternal Health: Looking to the Past to Inform the Present”
Andrew I. Friedson, University of Colorado Denver; Moyan Li and Daniel W. Sacks, Indiana University Bloomington; Katherine Meckel, University of California, San Diego and NBER; and Daniel I. Rees, Universidad Carlos III de Madrid, “Cigarette Taxes, Smoking, and Health in the Long Run” (NBER Working Paper 29145)
Monica Deza, City University of New York and NBER; Thanh Lu, Cornell University; and Johanna Catherine Maclean, “Office-Based Mental Healthcare and Juvenile Arrests” (NBER Working Paper 29465)
Alon Bergman and Hummy Song, University of Pennsylvania, and Guy David, University of Pennsylvania and NBER, “‘I Quit’: The Role of Schedule Volatility in Employee Turnover”
Alex Hollingsworth, Indiana University Bloomington and NBER; Krzysztof Karbownik, Emory University and NBER; Melissa A. Thomasson, Miami University and NBER; and Anthony Wray, University of Southern Denmark, “A Gift of Health: The Duke Endowment’s Impact on Hospital Care and Mortality”
Paul J. Eliason, Brigham Young University; Riley J. League and Ryan C. McDevitt, Duke University; Jetson Leder-Luis, Boston University; and James W. Roberts, Duke University and NBER, “Ambulance Taxis: The Impact of Regulation and Litigation on Health Care Fraud” (NBER Working Paper 29491)
Christopher Carpenter; Brandyn F. Churchill, Vanderbilt University; and Michelle M. Marcus, Vanderbilt University and NBER, “Bad Lighting: Effects of Youth Indoor Tanning Prohibitions” (NBER Working Paper 29443)
Emily C. Lawler, University of Georgia, and Katherine G. Yewell, University of Louisville, “The Effect of Hospital Postpartum Care Regulations on Breastfeeding and Maternal Time Allocation”
Michael L. Anderson and Lucas W. Davis, University of California, Berkeley and NBER, “Uber and Alcohol-Related Traffic Fatalities” (NBER Working Paper 29071)
Stephanie G. Coffey and Amy Ellen Schwartz, Syracuse University, “Towering Intellects? Sizing Up the Relationship between Height and Academic Success”

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

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