🚨New Working Paper!🚨 The rise of PE ownership leads to important tradeoffs for news. In joint work with Michael Ewens and Sabrina Howell, we highlight benefits: - higher survival - more digital circulation and costs: - less local news - less employment - lower civic engagement

Very excited my paper with Philipp Schnabl is now forthcoming Gaurav Sarin. In this paper, we ask what happened to small businesses when bank lending declined during/after the financial crisis academic.oup.com/rfs/advance-ar… A short thread (1/n)

Many congratulations @stroebel_econ on winning the Fischer- Black prize. You are an exceptional mentor and an inspiration!

🚨Published!🚨Does partisanship in the U.S. affect the macroeconomic impact of fiscal policy? In our recent AEA Journals, Jerry Carlino, T. Drautzburg, R. Inman, and I causally show that it does w.r.t federal transfers to states -- an important policy tool in big crises. 1/7

New working paper alert! "Firms mitigate the impact of rising temperatures on aggregate employment by relocating their workforce from affected counties to unaffected ones." Check it out! Comments welcome. #EconTwitter

🔍Dive deeper into our findings! If you’re interested in these insights, check out our full paper here [papers.ssrn.com/sol3/papers.cf…]. Let's discuss and share to spread the knowledge! #AcademicTwitter #EconTwitter

🤝 Success is not just about experience; it’s also about networking. Experienced founders excel at recruiting former colleagues and building strong initial teams. Effective networking is crucial! 🌐 #Networking #StartupLife

🌟Additionally, female and minority founders benefit even more from additional experience, underscoring the need for diverse and inclusive entrepreneurial ecosystems. #DiversityInTech #WomenInBusiness

💰 A notable finding: Each extra year of experience can add approximately $170,000 to a startup's potential value. This insight is vital for policymakers and incubator programs supporting budding entrepreneurs! 💡 #PolicyImpact #EntrepreneurshipEducation

💡Key insights: Each additional year of experience boosts funding by 12%, patents by 4%, and employee growth by 12%. Even more impressively, it raises the odds of scaling to over 1000 employees by 1 percentage point. This highlights the significant impact of experience!

🧠 We took a creative approach! Immigrant entrepreneurs must obtain a Green Card to found their own startups. Green Card wait times vary exogenously across different cohorts from the same country of origin. We use this random variation as our instrumental variable for measuring

🚀Ready to unlock the secrets of startup success? Our latest research examines how prior experience shapes entrepreneurial outcomes. New businesses drive economic growth and innovation, but isolating the effect of experience is challenging since entrepreneurs of different