Very happy to share that our paper with Mariacristina De Nardi and Giulio Fella on rich wage dynamics and their impact on (benefit) policy evaluation is now accepted at The Review of Economic Studies 👇

📢New paper! 𝐓𝐡𝐞 𝐋𝐢𝐟𝐞-𝐂𝐲𝐜𝐥𝐞 𝐃𝐲𝐧𝐚𝐦𝐢𝐜𝐬 𝐨𝐟 𝐖𝐞𝐚𝐥𝐭𝐡 𝐌𝐨𝐛𝐢𝐥𝐢𝐭𝐲 w/ @RichardAudoly Rory McGee Gonzalo Paz-Pardo Do rich and poor people remain that way throughout their lives? Do people experience reversals of fortune? When? Link👇 and 🧵 below

On June 26 The University of Minnesota will confer its Outstanding Achievement Award on Andreu Mas-Colell, who earned his Ph.D. in Economics at here in 1972.  He has made fundamental contributions in mathematical economics, work that is being recognized through this award.

Last night was surreal—caught the majestic Northern Lights in Minneapolis! 🌌✨#NorthernLights #Minneapolis

Thread 🧵incoming… I asked my students in my new Economics of Aging course at BC to make TikTok-style videos explaining their empirical term papers in creative ways using terms everyone could understand. And boy did they deliver!

I don't know if I am excited or scared...😅

Mike Keane argues that the micro literature on Frisch elasticities—how people shift hours in response to anticipated wage changes—suffers from diagnostic errors. #NASMES

The blackboard and Minnesota: a love story

Using k-means clustering, a machine learning technique, and data from the Health and Retirement Study to characterize health during middle and old age, from Margherita Borella, Francisco Bullano, Mariacristina De Nardi, @benkrue01288664, and Elena Manresa nber.org/papers/w32799

We are excited to announce that we are accepting applications for a full-time tenure-track assistant professor position to begin fall semester 2025 🔍 Check out the job listing below ⬇️ aeaweb.org/joe/listing.ph…

IT'S BACK!!!! Godspeed, fellow researchers.

1. This holiday season, have you really thought about how online retail has transformed shopping? It's wild! I can get all my gifts from the comfort of home. But e-commerce giants like Amazon have changed our communities too. Are we better off?

Our findings: 1. There is substantial health inequality by race, ethnicity, and gender. At age 55, Black men and women have frailty levels, which could be viewed as "biological age," comparable to those of White men and women 13 and 20 years older, respectively. 1/4

Dime qué estás orgulloso del país dónde naciste, sin decirme que estás orgulloso:

Quisiera que volviéramos a esperar en que la #paz es posible. Que desde el Santo Sepulcro, donde este año la #Pascua será celebrada el mismo día por los católicos y los ortodoxos, se irradie la luz de la paz sobre toda Tierra Santa y sobre el mundo entero.

HCEO members Mariacristina De Nardi and Fang Yang and colleagues estimate how much life factors -- health, marital status, wages, mortality, retirement, and bequest motives -- influence how much people work and save. nber.org/papers/w33874

New CEPR Discussion Paper - DP20323 Why Do Households Save and Work? Margherita Borella Università di Torino, Mariacristina De Nardi University of Minnesota, Fang Yang Dallas Fed, Johanna Torres Chain University of Minnesota ow.ly/rAfv50W3Vfa #CEPR_LE #CEPR_MG #CEPR_PE #EconTwitter

Exploring why households work and save. Bequest motives and risks in wages, medical expenses, and marital dynamics explain 56.9 percent of aggregate wealth and 2.7 percent of aggregate earnings, from Margherita Borella, Mariacristina De Nardi, Fang Yang, and Johanna Torres Chain nber.org/papers/w33874

Difference-in-differences for practitioners from the diff-in-diffs dream team!

This new working paper argues that female economics PhD students benefit tremendously from having female economics faculty around. How do they back up this claim? They look at the timing of sabbatical leaves. When female professors go on leave, it decreases third-year female