At the beginning of the summer, 0% of my kids could ride a bike. A few weeks ago, we got that up to 100%!! That number has now dropped to 67%. Luckily, it was a denominator change. Welcome to the world, Corey!

Please DM or email me if you are interested in these positions or know someone who might be!

What happens when employees own some of the firm? They’re more satisfied with their jobs. New IZA paper on employee-owned firms (EOFs) through ESOPs and Glassdoor reviews. Larger satisfaction boon when ESOP collectively bargained or workers own more papers.ssrn.com/sol3/papers.cf…

So proud to finally have “The Risk & Return of Impact Investing Funds” out in Journal of Financial Economics ! Couldn’t have asked for better coauthors in Kelly Posenau and Tianshu Lyu. Ungated version, and 🧵 to follow authors.elsevier.com/c/1jh8L_,iI-gN…

🚨 Excited to announce our paper in Annual Reviews! 🚨"Monopsony Power in the Labor Market: From Theory to Policy", w. a typology of policies and monopsony models (oligopsony, job differentiation, and search). Co-authored w. José Azar. annualreviews.org/content/journa… #Monopsony

My first time on-air (and hopefully not the last). Thanks joseph schoenmann for having me on! knpr.org/show/knprs-sta…

I'm presenting my paper on technological change and inequality at the NBER Wage Dynamics in the 21st Century program. You can tune in on YouTube and see the program (which looks fantastic) here: nber.org/conferences/wa… Also - here's a Twitter 🧵 summarizing the paper:

Pretty cool results on the effects of banning suspensions: schools start classifying students as having disabilities when they can't be suspended!

The next meeting of the NBER Innovation Information Initiative (I3) Technical Working Group will be held on December 6 and 7, 2024 immediately following the NBER Place-Based Policies and Entrepreneurship meeting. There will be an in-person meeting in Cambridge, MA along with a

C'mon, negative probabilities were one thing, but now you're just pulling my leg

Diff in diff econometricians, posting their 17th paper:

Congratulations to the 42 new Fellows of the Econometric Society!

Interesting paper on the distributional consequences of market power. Goes along with Matthew Leisten 's work on market power and inequality, though here there's an industry-specific (credit-based) mechanism

This cool paper shows that robot adoption in Japan led to INCREASED employment! Nice new evidence on the debate about the effects of robots on employment.

The preliminary programme is now out for the third annual Competition & Markets Authority-Durham University workshop on 14-15 November. With contributions by Joel Stiebale, Michael Lipsitz, Flavio Toxværd ⭐️⭐️⭐️ and others, and a keynote by the great Tommaso Valletti. cma-partnership.webspace.durham.ac.uk/wp-content/upl… 1/2

As someone who's been on both sides, these are HUGE. Incentives don't always push researchers towards caring about benefit-cost implementation. But these things are often really easy to implement--different reporting, a quick appendix, etc.--and they can make a big difference

More great coverage of our working paper on college proximity! 😎 Kalena Cortes Camila Morales Lois Miller Thanks, Inside Higher Ed & Johanna Alonso!

"Compared to the shareholder-value maximizing compensation packages, executives are paid too much, too soon, and keep their jobs for too long." cepr.org/publications/d…

Great to see this out in print! Firms reveal that they have a low WTP for noncompetes by not boosting workers' earnings over a legal threshold. Thanks to The Review of Economics and Statistics (REStat), our editor, and our referees for a fantastic (and quick!) review process!

I’m proud of this paper with Takuya Hiraiwa (his first publication!) and Michael Lipsitz. We also had an excellent editor and reviewer team from The Review of Economics and Statistics (REStat), who improved the paper and turned it around quickly. Check it out!