What You Don’t Know May Be Good For You

By Johannes Hörner and Larry Samuelson

American Economic Review

We consider an economy in which long-lived experts are matched with short-lived clients. Experts choose the type of client with whom they match, unobserved by the market. The interaction outcome depends on both the expert’s and the client’s type. W...

The Missing Middle Managers: Labor Costs, Firm Structure, and Development

By Jonas Hjort, Hannes Malmberg, and Todd Schoellman

American Economic Review: Insights

Using data obtained from human resources consulting firms, we document the cost to large firms of hiring managers and business professionals in 146 countries worldwide. The average pay in the poorest decile of countries is $18,000 per year, which is 9....

TFPR: Dispersion and Cyclicality

By Russell Cooper and Ozgen Ozturk

American Economic Journal: Macroeconomics

This paper studies the determinants of the cyclicality of TFPR. The distribution of TFPR is dependent upon exogenous shocks and the endogenous determination of prices. An overlapping generations model studies the factors that shape the TFPR distribution. ...

Rational Misspecification: Framework and Applications

By Ran Eilat and Kfir Eliaz

American Economic Journal: Microeconomics

This paper proposes a framework for assessing whether misspecified decision makers would be willing to pay for information that can potentially make them less misspecified. We introduce a prior-free approach, based on “constrained” maximal regret, ...

Time for Growth

By Lars Boerner and Battista Severgnini

American Economic Journal: Macroeconomics

This paper investigates the adoption, diffusion, and long-run impact of the public mechanical clock, one of the most important high-technology machines in history, on European economic growth and development. We avoid endogeneity by considering the rel...

Committee on Professional Climate

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Why is Workplace Sexual Harassment Underreported? The Value of Outside Options Amid the Threat of Retaliation

By Gordon B. Dahl and Matthew Knepper

American Economic Review

Why is workplace sexual harassment chronically underreported? We hypothesize that employers coerce victims into silence through the threat of a retaliatory firing. To test this, we estimate how two external shocks which reduce workers’ outside option...

The Value of Clean Water: Experimental Evidence from Rural India

By Fiona Burlig, Amir Jina, and Anant Sudarshan

American Economic Review

Over 2 billion people lack clean drinking water. Existing solutions face high costs (piped water) or low demand (point-ofuse chlorine). Using a 60,000 household cluster-randomized experiment, we test an alternative approach: decentralized treatment an...

The Price of War

By Jonathan Federle, André Meier, Gernot J. Müller, Willi Mutschler, and Moritz Schularick

American Economic Review

We assemble a new data set spanning 150 years and 60 countries to study the economic toll of war. A war of average intensity is associated with an output drop of close to 10 percent in the war-site economy, while consumer prices rise by approximately 2...

Patenting Life: Tales from the Front Lines of Intellectual Property and the New Biology by Jorge Goldstein

By Josh Lerner

Journal of Economic Literature

Tariffs and local labor markets

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The impact of the 2002 Bush steel tariffs on jobs in steel-intensive industries.

AEA Award for Outstanding Achievement in Diversity and Inclusion

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Departmental Seed Grants for Innovation in Diversity and Inclusion

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URM Travel Grants

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Collective Bargaining Rights, Policing, and Civilian Deaths

By Jamein P. Cunningham and Rob Gillezeau

American Economic Journal: Economic Policy

Using an event-study design, we examine whether states' introduction of duty to bargain requirements for police unions led to meaningful changes in civilians killed by law enforcement. We find that the introduction of collective bargaining rights signific...

Professional Development Grant for URM Faculty

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The Effect of Deactivating Facebook and Instagram on Users’ Emotional State

By Hunt Allcott, Matthew Gentzkow, Benjamin Wittenbrink, Taylor Brown, Juan C. Cisneros, Adriana Crespo-Tenorio, Drew Dimmery, Deen Freelon, Sandra González-Bailón, Andrew M. Guess, Young Mie Kim, David Lazer, Neil Malhotra, Devra Moehler, Sameer Nair-Desai, Brendan Nyhan, Jennifer Pan, Jaime Settle, Emily Thorson, Rebekah Tromble, Carlos Velasco Rivera, Arjun Wilkins, Magdalena Wojcieszak, Annie Franco, Chad Kiewiet de Jonge, Winter Mason, Natalie Jomini Stroud, and Joshua A. Tucker

American Economic Journal: Economic Policy

We estimate the effect of social media deactivation on users’ emotional state in two large randomized experiments before the 2020 U.S. election. People who deactivated Facebook for the six weeks before the election reported a 0.060 standard deviation...

CSWEP History

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Lawrence Summers, Clark Medalist 1993

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Lawrence Summers is the 1993 Clark Medalist

CSWEP Reports and Publications

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