🚨 📉 The latest US data from the Indeed Wage Tracker: Posted wage growth came in at 3.3% in February, getting closer and closer to its pre-pandemic pace of 3.1% github.com/hiring-lab/ind…

Def aged many years working on this project, but 100% worth it. Thank you to my amazing co-authors 🤩🤩 and thank you 🙏 VoxDev for helping us share our work!! Non-technical write-up below 👇👇👇

Very happy to see my paper “The Dual Beveridge Curve” with Anton Cheremukhin cited in this year’s Report of the President (chapter 2, page 73) 🥳

Brilliant paper by three young star scholars. A deep exploration of the microfoundations of the memberships theory of inequality.

1/4: Very happy to have finished a long revision of my paper with Mi Luo on student debt and job choice. We added a model of college enrollment and choice, such that the distribution of debt, assets, skills and education is fully endogenous and lines up with the data.

Machine learning for Quantitative Macro sites.google.com/site/zfeng202/…

Now including my chapter on RBC! Super happy to be included in this fantastic project

Meet our Fellow Carlos Carrillo-Tudela, Professor of Economics at University of Essex! A leading figure in the area of macro labour, Carlos’ research has been used as evidence in UK parliamentary enquiries & informed the Bank of England’s Monetary Policy Committee. ➡️acss.org.uk/professor-carl…

This paper is so incredibly interesting for anyone using vacancy data. The overwhelming conclusion is that matching does not happen randomly between the stock of seekers and openings: a few openings get *a ton* of applicants and vacancy dynamics are stock-to-flow.

There are lots of theories on why inflation has been sticky in the first quarter of the year. Rents being slow to be reflected in CPI? Some economists pin some blame on the Fed Chair’s pivot in December. bloomberg.com/news/articles/… via Bloomberg Economics

As we announced in Cartagena last year, and due to our perception that demand to present papers at the SED meetings has been increasing, we decided to increase the supply (we considered increasing prices ....). Thus, the first WInter Meetings of the SED will take place... 🥁 1/3

It’s no surprise that quits rise in a tight labor market, but the scale of quits in 2021 came as a shock. In this #EconomicInsights article, Ryan Michaels evaluates three explanations for what some call the Great Resignation. bit.ly/4c9mnfu #EconTwitter

Software substitutes for labor, while equipment complements labor. The rise of software explains higher markups and lower labor share, from Sangmin Aum and Yongseok Shin nber.org/papers/w32591

13/N We are in good company: Ippei Shibata has found similar results on mismatch, and David Wiczer - @ElizaForsythe - Lisa Kahn - @fabolange on reallocation.

Many households used stimulus checks to repay their debts. How does this affect the effectiveness and design of fiscal policy? We discuss our research on the latest Faculti video, based on work with Gizem Kosar David Wiczer PILoSSopher faculti.net/debt-stimulus-…

Households often use stimulus checks to repay their debt. How does this fact change the effectiveness and design of fiscal policy? Check out the Faculti video where we discuss our joint work with Davide Melcangi, PILoSSopher, and David Wiczer: faculti.net/debt-stimulus-…