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Love Hugo's JMP: does technology raise inequality ⁉️ Only if tech is *scale biased*: 👉Fixed-cost tech lowers entry, raises inequality 👉But not all tech raises fixed costs! Evidence: 👉New historical data (US+NL) 👉Steam: FC⬆️, inequality⬆️ 👉Electricity: FC⬇️, inequality⬇️

Hey #EconTwitter! I am beyond excited to share my JMP 🚨 "Following in the family footsteps: Incidence and returns of occupational persistence" 🚨 Do children gain from following their parents in the same occupations?👨‍👩‍👧 Here is a short thread to find out!🧵

UniCredit Italia Foundation has announced winners of 10th edition of its Econ JM Best Paper Award. Huge congrats to Eduard Boehm, Arnoud Dyevre Lukas Freund Guangbin Hong Vatsal Khandelwal Lukas Mann Hugo Reichardt Taisiya Sikorskaya Jinglun Yao & Chuan Yu eeassoc.org/news/winners-u…

Congratulations to my outstanding student and current #EconJobMarket candidate Hugo Reichardt for this honor. Congrats also to @lseecon Centre For Macroeconomics student Arnaud Dyevre and to Centre For Macroeconomics visitor Lukas Freund. @lseecon is a good place to study macro!

Germans, the French, and Italians work much less than Americans. Why? Prescott famously argued that this was due to high taxes in Europe. Really? Let’s kick the tires a little on this controversial idea. 1/N

As we enter an era of rapid largely unprecedented technological change, turning to history for lessons is vital. Hugo Reichardt's JMP is a brilliant example in that respect, demonstrating the importance of the "scale" dimension of technological change. buff.ly/3GeUFzh

Je crois qu'on peut dire que l'idée du large-scale bias technical change et de ses implications distributives est déjà chez Marx

"We show that Black families whose ancestors were enslaved until the Civil War have considerably lower education, income, and wealth today than Black families whose ancestors were free before the Civil War." lukasalthoff.github.io/jmp/althoff_jm…

This column studies the long-run effects of #slavery, and the Jim Crow laws that enforced racial #segregation following the Civil War, on Black Americans’ #economic outcomes. Lukas Althoff Lukas Althoff Stanford University, Hugo Reichardt Hugo Reichardt LSE ow.ly/6zXs50R6vtM

We are thrilled to announce the 8th cohort of Institute Visiting Scholars! These scholars will pursue research while in residence Minneapolis Fed that helps create a more complete perspective on how the economy performs for all. Welcome! bit.ly/3WaDUi7

📢 The 2024 REStud North America Tour will take place at Arizona State University on October 30, the University of Maryland on November 1 and and Washington University of St. Louis @WUSTLArtSci on November 4. This year’s tourists will be 👇

We are happy to release the first results of a RCT of a US program that provided $1,000/month unconditionally for 3 years to 1,000 individuals in the treatment group, with a group of 2,000 people receiving $50/month serving as the control. These are sizable transfers. 1/ 🧵

Jim Crow institutions of repression account for half the black-white racial wealth gap in the U.S. today Congratulations to Lukas Althoff & Reinhardt for acceptance QJE!! lukasalthoff.github.io/jmp/althoff_jm… P.s is Lukas is a 🌟 & has many more brilliant papers on inequality ⚖️

Recently accepted by #QJE, “Jim Crow and Black Economic Progress after Slavery,” by Althoff (Lukas Althoff) and Reichardt (Hugo Reichardt): doi.org/10.1093/qje/qj…

🆕 Why history continues to shape racial inequality in the US Today on VoxDev Lukas Althoff Stanford University & Hugo Reichardt LSE Department of Economics outline their research presenting evidence of how deeply racial inequality was entrenched by anti-Black institutions in the US voxdev.org/topic/institut…

Hey, I’m on the market this year! Here’s a thread about my JMP. TL;DR: Labour market power leads to substantial losses in aggregate productivity. Keep reading if you’re interested in misallocation, technology diffusion, and regional disparities (you should be!).

New Research! "Bad Bank, Bad Luck? Evidence from 1 Million Firm-Bank Relationships" We build a large novel dataset on US bank-firm relationships to ask the question “How do bank failures affect small businesses?” This is my job market paper! #econtwitter #finance #banking

How did the US become a land of opportunity? In a new paper, we show that the country's pioneering role in mass education was key to its rise in intergenerational mobility from 1850 to 1950. "America's Rise in Human Capital Mobility" with Harriet Brookes Gray & Hugo Reichardt

Prior to mass schooling in the US, Lukas Althoff Hugo Reichardt find that the mother’s human capital accounted for 65% of the variance in the child’s human capital. School attendance weakened this link to 35%, boosting economic mobility. edwardconard.com/macro-roundup/…