Accepted Papers

Energy Efficiency and Directed Technical Change: Implications for Climate Change Mitigation

16 March 2023

Gregory Casey

I develop a directed technical change model of economic growth and energy efficiency in order to study the impact of climate change mitigation policies on energy use.

How the Other Half Died: Immigration and Mortality in US Cities

6 March 2023

Philipp Ager, James J. Feigenbaum, Casper Worm Hansen, and Hui Ren Tan

Fears of immigrants as a threat to public health have a long and sordid history. At the turn of the 20th century, when immigrants made up one-third of the population in crowded American cities, contemporaries blamed high urban mortality rates on the newest arrivals.

Misspecified Moment Inequality Models: Inference and Diagnostics

27 February 2023

Donald Andrews and Soonwoo Kwon

This paper is concerned with possible model misspecification in moment inequality models. Two issues are addressed.

Monetary Policy and Birth Rates: The Effect of Mortgage Rate Pass-through on Fertility

27 February 2023

Fergus Cumming and Lisa Dettling

This paper examines whether monetary policy pass-through to mortgage interest rates affects household fertility decisions.

Beyond Dividing the Pie: Multi-Issue Bargaining in the Laboratory

21 February 2023

Olivier Bochet, Manshu Khanna, and Simon Siegenthaler

We design a laboratory experiment to study bargaining behavior when negotiations involve multiple issues. Parties must discover both trading prices and agreement scopes, giving rise to unexplored information structures and bargaining strategies.

Liberty, Security, and Accountability: The Rise and Fall of Illiberal Democracies

21 February 2023

Gabriele Gratton and Barton E. Lee

We study a model of the rise and fall of illiberal democracies. Voters value both liberty and economic security. In times of crisis, voters may prefer to elect an illiberal government that, by violating constitutional constraints, offers greater economic security but less liberty.

Job Matching with Subsidy and Taxation

21 February 2023

Fuhito Kojima, Ning Sun, and Ning Neil Yu

In markets for indivisible resources such as workers and objects, subsidy and taxation for an agent may depend on the set of acquired resources and prices.

Are Executives in Short Supply? Evidence from Death Events

19 February 2023

Julien Sauvagnat and Fabiano Schivardi

Using exhaustive administrative data on Italian social security records, we construct measures of local labor market thickness for executives that vary by industry and location.

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Manager pay and pay inequality have increased substantially since the 1980s. Manager pay reflect that managers increase the firm’s productivity which in turn affects market power.

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Uniform asymptotic theory for local projections with unknown/infinite lag order. LPs can achieve semiparametric efficiency and support robust IRF inference.

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Monopsony power makes productive firms decide to stay small, hurting aggregate productivity. More strongly size-dependent wages in East Germany explain a third of the difference to the West.

New paper by @BachmannRudi, @christianbaye13, Stüber, and Wellschmied

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Energy Efficiency and Directed Technical Change: Implications for Climate Change Mitigation

How the Other Half Died: Immigration and Mortality in US Cities

Misspecified Moment Inequality Models: Inference and Diagnostics

Monetary Policy and Birth Rates: The Effect of Mortgage Rate Pass-through on Fertility

Beyond Dividing the Pie: Multi-Issue Bargaining in the Laboratory

Liberty, Security, and Accountability: The Rise and Fall of Illiberal Democracies

Job Matching with Subsidy and Taxation

Are Executives in Short Supply? Evidence from Death Events

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