Conferences Fall/Winter 2020

12/01/2020

Featured in print Reporter

Business Taxation in a Federal System

An NBER conference on Business Taxation in a Federal System took place online October 2. Research Associates Joshua Rauh of Stanford University and Owen M. Zidar of Princeton University organized the meeting, which was supported by the Smith Richardson Foundation. These researchers’ papers were presented and discussed:

Clemens Fuest, Ifo Institute for Economic Research; Felix Hugger, University of Munich; and Florian Neumeier, CESifo, “Corporate Profit Shifting and the Role of Tax Havens: Evidence from German Country-by-Country Reporting Data”
Antonio Coppola, Harvard University; Matteo Maggiori, Stanford University and NBER; Brent Neiman, University of Chicago and NBER; and Jesse Schreger, Columbia University and NBER, “Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens”
Ole Agersnap, Princeton University, and Owen M. Zidar, “The Tax Elasticity of Capital Gains and Revenue-Maximizing Rates” (NBER Working Paper 27705)
Pawel Doligalski, University of Bristol; Abdoulaye Ndiaye, New York University; and Nicolas D. Werquin, Toulouse School of Economics, “Redistribution with Performance Pay”
Matthew R. Denes, Carnegie Mellon University; Sabrina T. Howell, New York University and NBER; Filippo Mezzanotti, Northwestern University; Xinxin Wang, University of North Carolina, Chapel Hill; and Ting Xu, University of Virginia, “Investor Tax Credits and Entrepreneurship: Evidence from US States” (NBER Working Paper 27751)
Helen Miller, Thomas Pope, and Kate Smith, Institute for Fiscal Studies, “Intertemporal Income Shifting and the Taxation of Business Owner-Managers”
Bodo Knoll and Nadine Riedel, Ruhr-Universität Bochum; Maximilian Todtenhaupt, Norwegian School of Economics; and Thomas Schwab and Johannes Voget, University of Mannheim, “Cross-Border Effects of R&D Tax Incentives”
Cailin R. Slattery, Columbia University, “The Political Economy of Subsidy-Giving”

Summaries of most of these papers are at www.nber.org/conferences/business-taxation-federal-system-fall-2020

Economics of Transportation in the 21st Century

An NBER conference on Economics of Transportation in the 21st Century took place online October 9. Research Associates Edward L. Glaeser of Harvard University, James M. Poterba of MIT, and Stephen J. Redding of Princeton University organized the meeting, which was supported by the US Department of Transportation. These researchers’ papers were presented and discussed:

Treb Allen, Dartmouth College and NBER and Costas Arkolakis, Yale University and NBER, “Traffic in the City: The Impact of Infrastructure Improvements in the Presence of Endogenous Traffic Congestion”
Neil Mehrotra, Federal Reserve Bank of New York; Matthew Turner, Brown University and NBER; and Juan Pablo Uribe, Brown University, “Does the US Have an Infrastructure Cost Problem? Evidence from the Interstate Highway System”
Prottoy Akbar, University of Pittsburgh; Victor Couture, University of British Columbia; Gilles Duranton, University of Pennsylvania and NBER; and Adam Storeygard, Tufts University and NBER, “Mobility and Congestion in World Cities: Evidence from Google Maps”
Caitlin S. Gorback, NBER, “Transportation Data Collection Initiative”
Nicholas Buchholz, Princeton University; Laura Doval, California Institute of Technology; Jakub Kastl, Princeton University and NBER; and Tobias Salz, MIT and NBER, “The Value of Time: Evidence from Auctioned Cab Rides” (NBER Working Paper 27087)
Brad R. Humphreys, Margaret C. Bock, and Alexander J. Cardazzi, West Virginia University, “Effects of Pavement Roughness on Traffic Outcomes: Evidence from California”
Jonathan Hall, University of Toronto, and Joshua Madsen, University of Minnesota, “Can Behavioral Interventions Be Too Salient? Evidence from Traffic Safety Messages”

Summaries of most of these papers are at www.nber.org/conferences/economics-transportation-21st-century-fall-2020

Emerging and Frontier Markets: Capital Flows, Risks, and Growth

An NBER conference on Emerging and Frontier Markets: Capital Flows, Risks, and Growth, held in cooperation with the Banco de la Repùblica de Colombia, took place October 22–23 online. Research Associate Mark A. Aguiar of Princeton University, Cristina Arellano of the Federal Reserve Bank of Minneapolis, and Research Associate Sebnem Kalemli-Özcan of the University of Maryland organized the meeting. These researchers’ papers were presented and discussed:

Vito Cormun, Boston College, and Pierre De Leo, University of Maryland, “Shocks and Exchange Rates in Small Open Economies”
Antonio Coppola, Harvard University; Matteo Maggiori, Stanford University and NBER; Brent Neiman, University of Chicago and NBER; and Jesse Schreger, Columbia University and NBER, “Redrawing the Map of Global Capital Flows: The Role of Cross-Border Financing and Tax Havens”
Saki Bigio, University of California, Los Angeles and NBER; Javier Bianchi, Federal Reserve Bank of Minneapolis; and Charles Engel, University of Wisconsin-Madison and NBER, “Bank, Liquidity and Exchange Rates”
Konstantin Egorov, New Economic School, and Dmitry Mukhin, University of Wisconsin-Madison, “Optimal Monetary Policy under Dollar Pricing”
Lee E. Ohanian, University of California, Los Angeles and NBER; Paulina Restrepo-Echavarria, Federal Reserve Bank of St. Louis; Diana Van Patten, Princeton University; and Mark L.J. Wright, Federal Reserve Bank of Minneapolis, “Bretton Woods and the Reconstruction of Europe”
Suman Basu, Emine Boz, and Francisco Roch, International Monetary Fund; Gita Gopinath and Filiz D. Unsal, International Monetary Fund, “Integrated Monetary and Financial Policies for Small Open Economies”
Ozge Akinci, Federal Reserve Bank of New York, and Albert Queralto, Federal Reserve Board, “Exchange Rate Dynamics and Monetary Spillovers with Imperfect Financial Markets”
Daniel A. Dias, Federal Reserve Board; Yi Huang, The Graduate Institute, Geneva; Hélène Rey, London Business School and NBER; and Miguel Sarmiento, Banco de la Repùblica de Colombia, “Monetary Policy Transmission with and without Capital Controls: Micro-Evidence from Colombia”
Marek Kapička, CERGE-EI, Prague; Finn Kydland, University of California, Santa Barbara and NBER; and Carlos Zarazaga, Federal Reserve Bank of Dallas, “Exploring the Role of Limited Commitment Constraints in Argentina’s ‘Missing Capital’” (NBER Working Paper 26359)
Damien Puy, International Monetary Fund, and Eric Monnet, Paris School of Economics,“One Ring to Rule Them All? New Evidence on World Cycles”
Ricardo M. Reyes-Heroles and Eva Van Leemput, Federal Reserve Board, and Sharon Traiberman, New York University; “Emerging Markets and the New Geography of Trade: The Effects of Rising Trade Barriers”

The agenda for this conference is at www.nber.org/conferences/emerging-and-frontier-markets-capital-flows-risks-and-growth-fall-2020

Economics of Mobility

An NBER conference on the Economics of Mobility took place October 23 online. Research Associates Sandra E. Black of Columbia University and Jesse Rothstein of the University of California, Berkeley, and Kosar Jahani of the Bill and Melinda Gates Foundation organized the meeting, which was supported by the Gates Foundation. These researchers’ papers were presented and discussed:

Sandra E. Black; Adriana Lleras-Muney, University of California, Los Angeles and NBER; Nolan G. Pope, University of Maryland; and Joseph Price, Brigham Young University and NBER, “Intergenerational Correlations in Longevity”
Alberto F. Alesina, Harvard University; Marlon Seror, University of Bristol; David Y. Yang, Harvard University and NBER; Yang You, Harvard University; and Weihong Zeng, Xi’an Jiaotong University, “Persistence through Revolutions” (NBER Working Paper 27053)
Andrew Garin, University of Illinois at Urbana-Champaign, and Jonathan L. Rothbaum, US Census Bureau, “Was the Arsenal of Democracy an Engine of Mobility? The World War II Industrial Expansion and the Roots of Mid-century Manufacturing Opportunity”
Elisa Jacome, Princeton University; Ilyana Kuziemko, Princeton University and NBER; and Suresh Naidu, Columbia University and NBER, “US Intergenerational Mobility over the 20th Century: Evidence from Survey Data”
Zachary Bleemer, University of California, Berkeley, “Affirmative Action and Economic Mobility in California”
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”

The agenda for this conference is at www.nber.org/conferences/economics-mobility-fall-2020

COVID-19 and Health Outcomes

An NBER conference on COVID-19 and Health Outcomes took place November 13 and December 4 online. Research Associates Jonathan S. Skinner of Dartmouth College and David M. Cutler of Harvard University organized the meeting, which was supported by the National Institute on Aging. These researchers’ papers were presented and discussed:

M. Keith Chen and Elisa F. Long, University of California, Los Angeles, and Judith A. Chevalier, Yale University and NBER, “Nursing Home Staff Networks and COVID-19” (NBER Working Paper 27608)
Hanbat Jeong and Lung-Fei Lee, Ohio State University; Wei Cheng, East China University of Science and Technology; and Bruce A. Weinberg, Ohio State University and NBER, “A Spatial Model of the Spread of COVID-19 and Economic Outcomes”
Andrew T. Levin, Dartmouth College and NBER; William P. Hanage, Harvard University; Nana O T. Owusu, Case Western Reserve University; and Kensington B. Cochran and Seamus P. Walsh, Dartmouth College, “Assessing the Age Specificity of Infection Fatality Rates for COVID-19: Systematic Review, Meta-Analysis, and Public Policy Implications” (NBER Working Paper 27597)
Anne Case and Angus Deaton, Princeton University and NBER, “When Epidemics Collide”
Silvia H. Barcellos, Mireille Jacobson, and Arthur A. Stone, University of Southern California, “Varied and Unexpected Changes in the Well-being of Seniors in the United States amid the COVID-19 Pandemic”
Jonathan Zhang, Princeton University, “Hospital Avoidance and Unintended Deaths during the COVID-19 Pandemic”
David M. Cutler, Harvard University and NBER, “The COVID-19 Pandemic and Motor Vehicle Deaths”
Engy Ziedan, Tulane University; Kosali I. Simon, Indiana University and NBER; and Coady Wing, Indiana University, “Effects of State COVID-19 Closure Policy on Non-COVID-19 Healthcare Utilization and Health” (NBER Working Paper 27621)
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” (NBER Working Paper 28012)
Maria Polyakova, Stanford University and NBER; Victoria Udalova and Keith Finlay, US Census Bureau; Geoffrey Kocks, MIT; Katie Genadek, University of Minnesota; and Amy Finkelstein, MIT and NBER, “Differential Impact of Early COVID-19 Pandemic on Mortality by Race, Nationwide and State by State”
David Weir, Jessica Faul, Gábor Kézdi, and Keneth Langa, University of Michigan, and Helen G. Levy, University of Michigan and NBER, “The Effect of COVID-19 on Older Americans: Preliminary Results from the HRS COVID-19 Project”
Jevay Grooms, Howard University; Alberto Ortega, Indiana University; and Joaquin Rubalcalba, University of North Carolina at Chapel Hill, “Racial and Ethnic Disparities: Essential Workers, Mental Health, and the Coronavirus Pandemic”
Laurence C. Baker, Kate Bundorf, and Maya Rossin-Slater, Stanford University and NBER, “Racial and Ethnic Disparities in Primary Care Use and the COVID-19 Pandemic”

Summaries of some of these papers are at www.nber.org/conferences/covid-19-and-health-outcomes-fall-2020

Facilitating Work at Older Ages

An NBER conference on Facilitating Work at Older Ages took place November 13 online. Research Associate Joanna Lahey of Texas A&M University and Kevin S. Milligan of the University of British Columbia organized the meeting. These researchers’ papers were presented and discussed:

Roberto M. Mosquera, Universidad de las Americas, and Joanna Lahey, “Age and the Labor Market for Hispanics in the United States”
Robert L. Clark, North Carolina State University and NBER; John B. Shoven, Stanford University and NBER; and Sita Slavov, George Mason University and NBER, “Firm and Worker Response to Proposals to Reduce the Tax Wedge on Working for Older Americans”
Damon Jones, University of Chicago and NBER, and David Molitor and Julian Reif, University of Illinois at Urbana-Champaign and NBER, “Workplace Wellness Programs and Older Workers”
Simon Jäger, MIT and NBER; Benjamin Schoefer, University of California, Berkeley; and Michael Siegenthaler, KOF Swiss Economic Institute, “The Labor Market Consequences of Barriers to Job Mobility: Evidence from Pension Portability”

Summaries of some of these papers are at www.nber.org/conferences/facilitating-work-older-ages-fall-2020

Big Data and Securities Markets

An NBER conference on Big Data and Securities Markets took place December 3–4 online. Research Associates Itay Goldstein of the University of Pennsylvania, Chester S. Spatt of Carnegie Mellon University, and Mao Ye of the University of Illinois at Urbana-Champaign organized the meeting, which was supported by the National Science Foundation. The meeting was held in coordination with the Review of Financial Studies, which will consider publishing some of the papers presented.These researchers’ papers were presented and discussed:

Jules H. van Binsbergen, University of Pennsylvania and NBER; Xiao Han, University of Edinburgh; and Alejandro Lopez-Lira, BI Norwegian Business School, “Man vs. Machine Learning: The Term Structure of Earnings Expectations and Conditional Biases” (NBER Working Paper 27843)
Tyler Beason and Sunil Wahal, Arizona State University, “The Anatomy of Trading Algorithms”
Dermot Murphy, University of Illinois at Chicago, and Edwin Hu, New York University, “Vestigial Tails? Floor Brokers at the Close in Modern Electronic Markets”
Wei Jiang, Columbia University and NBER, and Sean Cao, Baozhong Yang, and Alan L. Zhang, Georgia State University, “How to Talk When a Machine is Listening: Corporate Disclosure in the Age of AI”
William C. Gerken, University of Kentucky, and Marcus O. Painter, Saint Louis University, “The Value of Differing Points of View: Evidence from Financial Analysts’ Geographic Diversity”
Thomas Ernst, University of Maryland, “Stock-Specific Price Discovery from ETFs”
Alberto G. Rossi, Georgetown University, and Stephen Utkus, Vanguard, “Who Benefits from Robo-advising? Evidence from Machine Learning”
Laurent Fresard, University of Lugano and SFI; Thierry Foucault, HEC School of Management; and Olivier Dessaint, INSEAD, “Does Big Data Improve Financial Forecasting? The Horizon Effect”
Terrence Hendershott and Dmitry Livdan, University of California, Berkeley; Dan Li, Federal Reserve Board; and Norman Schurhoff, University of Lausanne, “True Cost of Immediacy”
J. Anthony Cookson and Katie Moon, University of Colorado; and Joonki Noh, Case Western Reserve University, “Imprecise and Informative: Lessons from Market Reactions to Imprecise Disclosure”
Talis Putnins, University of Technology, Sydney, and Joseph Barbara, Australian Securities and Investments Commission, “The Good, the Bad, and the Ugly: How Algorithmic Traders Impact Institutional Trading Costs”
AJ Yuan Chen and Gerard Hoberg, University of Southern California, and Vojislav Maksimovic, University of Maryland, “Life Cycles of Firm Disclosures”

Summaries of these papers are at www.nber.org/conferences/big-data-and-securities-markets-fall-2020

Innovative Data in Household Finance: Opportunities and Challenges

The NBER Working Group on Household Finance hosted a meeting on Innovative Data in Household Finance: Opportunities and Challenges online on December 4. Faculty Research Fellows Michaela Pagel of Columbia University and Christopher Tonetti of Stanford University and Research Associate Stephen P. Zeldes of Columbia University organized the meeting, which was supported by the Alfred P. Sloan Foundation and Vanguard. Diana Farrell of the JPMorganChase Institute, a member of the NBER Board of Directors, delivered a keynore address. These researchers’ papers were presented and discussed:

Marie-Hélène Felt and Angelika Welte, Bank of Canada; Fumiko Hayashi, Federal Reserve Bank of Kansas City; and Joanna Stavins, Federal Reserve Bank of Boston, “Distributional Effects of Payment Card Pricing and Merchant Cost Pass-through in the United States and Canada”
Kyle Coombs, Columbia University; Arindrajit Dube, University of Massachusetts Amherst and NBER; Raymond Kluender and Michael Stepner, Harvard University; and Suresh Naidu, Columbia University and NBER, “Effects of Pandemic Unemployment Policies on Consumption, Savings, and Incomes of Workers: Evidence from Linked Survey-Transactions Data”
Nathanaël Vellekoop, University of Toronto, and Yuri Pettinicchi, Munich Center for the Economics of Aging, “Job Loss Expectations, Durable Consumption and Household Finances: Evidence from Linked Survey Data”
Scott R. Baker, Northwestern University and NBER; Brian Baugh, University of Nebraska-Lincoln; and Marco C. Sammon, Northwestern University, “Measuring Customer Churn and Interconnectedness” (NBER Working Paper 27707)
Huan Tang, London School of Economics, “The Value of Privacy: Evidence from Online Borrowers”
Antonio Gargano, University of Melbourne; Marco Giacoletti, University of Southern California; and Elvis Jarnecic, University of Sydney, “Local Experiences, Attention and Spillovers in the Housing Market”
Emily Breza, Harvard University and NBER, and Martin Kanz and Leora F. Klapper, The World Bank, “Learning to Navigate a New Financial Technology: Evidence from Payroll Accounts”
Jonathan A. Lanning, Federal Reserve Bank of Chicago, “Testing Models of Economic Discrimination Using the Discretionary Markup of Indirect Auto Loans”