Unemployment Insurance in Macroeconomic Stabilization 12 December 2022 Rohan Kekre, Chicago Booth and NBERI study unemployment insurance (UI) in general equilibrium with incomplete markets, search frictions, and nominal rigidities.
Stratification Trees for Adaptive Randomization in Randomized Controlled Trials 12 December 2022 Max Tabord-Meehan, University of ChicagoThis paper proposes an adaptive randomization procedure for two-stage randomized controlled trials. The method uses data from a first-wave experiment in order to determine how to stratify in a second wave of the experiment, where the objective is to minimize the variance of an estimator for the average treatment effect (ATE).
Save, Spend or Give? A Model of Housing, Family Insurance, and Savings in Old Age 12 December 2022 Daniel Barczyk, Sean Fahle, and Matthias KredlerHow do housing and family shape the savings, spending, and inter-generational transfer behavior of the elderly?
Hazed and Confused: The Effect of Air Pollution on Dementia 4 December 2022 Kelly C. Bishop, Jonathan D. Ketcham, and Nicolai V. KuminoffWe study whether long-term cumulative exposure to airborne small particulate matter (PM2.5) affects the probability that an individual receives a new diagnosis of Alzheimer’s disease or related dementias.
“Since You’re So Rich, You Must Be Really Smart”: Talent, Rent Sharing, and the Finance Wage Premium 4 December 2022 Michael J. Böhm, Daniel Metzger, and Per StrömbergFinancial sector wages have increased extraordinarily over the last decades. We address two potential explanations for this increase: (1) rising demand for talent and (2) firms sharing rents with their employees.
Learning from Neighbors about a Changing State 9 November 2022 Krishna Dasaratha, Benjamin Golub, and Nir HakAgents learn about a changing state using private signals and their neighbors’ past estimates of the state. We present a model in which Bayesian agents in equilibrium use neighbors’ estimates simply by taking weighted sums with time-invariant weights.
REStud Tour 2023 - host venues announcedREStud Tour 2023 – host venues announced 6 November 2022 The 2023 Tour will be hosted by Oxford, Ca’Foscari (Venice) and CEMFI (Madrid).
Robots, Trade, and Luddism: A Sufficient Statistic Approach to Optimal Technology Regulation 30 October 2022 Arnaud Costinot and Ivan WerningTechnological change, from the advent of robots to expanded trade opportunities, creates winners and losers. How should government policy respond?
