Michael Lipsitz
@MichaelLipsitz
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Labor, IO, and market power economics. All views are my own and not my employer's. He/him.
Joined October 2017
I’m proud of this paper with Takuya Hiraiwa (his first publication!) and @MichaelLipsitz. We also had an excellent editor and reviewer team from @restatjournal, who improved the paper and turned it around quickly. Check it out!
Firms are not willing to give workers earning $100k a small raise for the ability to enforce their noncompetes. Just Accepted new paper by Takuya Hiraiwa, Michael Lipsitz (@MichaelLipsitz), and Evan Starr (@evanpstarr)
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Great to see this out in print! Firms reveal that they have a low WTP for noncompetes by not boosting workers' earnings over a legal threshold. Thanks to @restatjournal, our editor, and our referees for a fantastic (and quick!) review process!
Firms are not willing to give workers earning $100k a small raise for the ability to enforce their noncompetes. Just Accepted new paper by Takuya Hiraiwa, Michael Lipsitz (@MichaelLipsitz), and Evan Starr (@evanpstarr)
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"Compared to the shareholder-value maximizing compensation packages, executives are paid too much, too soon, and keep their jobs for too long." https://t.co/bCZsYU4Myy
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More great coverage of our working paper on college proximity! 😎 @KalenaCortes @CamilaNtMorales @Lois_Miller Thanks, @insidehighered & @jolonso_!
New Research Emphasizes Importance of College Proximity Distance plays an outsize role in students’ academic outcomes, especially for certain minority students, according to two studies out of Texas and California. https://t.co/2i7ykNjQgb
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As someone who's been on both sides, these are HUGE. Incentives don't always push researchers towards caring about benefit-cost implementation. But these things are often really easy to implement--different reporting, a quick appendix, etc.--and they can make a big difference
Some helpful recommendations on motivating policymakers to use the results from your papers for benefit-cost analysis: https://t.co/knF2K35g2A
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The preliminary programme is now out for the third annual @CMAgovUK-@durham_uni workshop on 14-15 November. With contributions by @JoelStiebale, @MichaelLipsitz, @toxvaerd1 and others, and a keynote by the great @TomValletti. https://t.co/eRsoIT2KwY 1/2
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This cool paper shows that robot adoption in Japan led to INCREASED employment! Nice new evidence on the debate about the effects of robots on employment.
Does the adoption of industrial robots help or hurt employment? "Robots and Employment: Evidence from Japan, 1978–2017" from the Journal of Labor Economics investigates this question. Read the findings here: https://t.co/QLlX5Cbxjj
@SOLE_Labor_Econ
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Interesting paper on the distributional consequences of market power. Goes along with @LeistenEcon 's work on market power and inequality, though here there's an industry-specific (credit-based) mechanism
``The credit card monopoly of 1980s hurt low income households the most. Competitive reforms to the industry in 1970s & 1980s promoted competition => large welfare gains for the poorest U.S. households." New paper from @KyleHerkenhoff & Raveendranathan: https://t.co/8Y0y4OI9KG
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Congratulations to the 42 new Fellows of the Econometric Society!
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Diff in diff econometricians, posting their 17th paper:
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C'mon, negative probabilities were one thing, but now you're just pulling my leg
Physicists showed that photons can seem to exit a material before entering it, revealing observational evidence of negative time
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The next meeting of the NBER Innovation Information Initiative (I3) Technical Working Group will be held on December 6 and 7, 2024 immediately following the NBER Place-Based Policies and Entrepreneurship meeting. There will be an in-person meeting in Cambridge, MA along with a
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Pretty cool results on the effects of banning suspensions: schools start classifying students as having disabilities when they can't be suspended!
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I'm presenting my paper on technological change and inequality at the @nberpubs Wage Dynamics in the 21st Century program. You can tune in on YouTube and see the program (which looks fantastic) here: https://t.co/KlPR6Fjoms Also - here's a Twitter 🧵 summarizing the paper:
I have a new version of my paper now called “Revisiting U.S. Wage Inequality at the Bottom 50%”. While inequality at the top is steadily increasing, inequality at the bottom was increasing in the 80s, decreasing in the 90s, and increasing again since ~2000. What's going on?>>>
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My first time on-air (and hopefully not the last). Thanks @joedowntownlv for having me on! https://t.co/lh7dFcHKva
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🚨 Excited to announce our paper in @AnnualReviews! 🚨"Monopsony Power in the Labor Market: From Theory to Policy", w. a typology of policies and monopsony models (oligopsony, job differentiation, and search). Co-authored w. @joseazar. https://t.co/l4JtuuQ76o
#Monopsony
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So proud to finally have “The Risk & Return of Impact Investing Funds” out in @J_Fin_Economics ! Couldn’t have asked for better coauthors in Kelly Posenau and @LyuTianshu. Ungated version, and 🧵 to follow https://t.co/6iTBadNb6e
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What happens when employees own some of the firm? They’re more satisfied with their jobs. New @iza_bonn paper on employee-owned firms (EOFs) through ESOPs and @Glassdoor reviews. Larger satisfaction boon when ESOP collectively bargained or workers own more https://t.co/l8fbT4dt3g
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Please DM or email me if you are interested in these positions or know someone who might be!
Two new searches announced @DukeSanford: Senior climate Duke University, Sanford School of Public Policy ( https://t.co/tkLLdRAs1K) Junior criminal justic policy Duke University, Sanford School of Public Policy ( https://t.co/tkLLdRAs1K) Applications due 09/15!
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At the beginning of the summer, 0% of my kids could ride a bike. A few weeks ago, we got that up to 100%!! That number has now dropped to 67%. Luckily, it was a denominator change. Welcome to the world, Corey!
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