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@UChi_Economics
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Last Seen Profiles
Robert E. Lucas Jr., Nobel laureate and pioneering economist, 1937-2023
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1K
We randomly hide toxic content on social media & find a 23% reduction in content consumption on Facebook and a 9% reduction in ad consumption on Twitter (beyond the intervention’s mechanical effect), as well as a decrease in toxicity of content production:
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The field of economics has generated powerful insights which have fundamentally shaped the our world, but because of its emphasis on mathematical rigor, some key concepts can be clouded by complexity.
That's where Economics for Everyone comes in.
@Econ_4_Everyone
#E4E
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We are pleased to announce that Anne Karing and Christina Brown will be joining the junior faculty at the Kenneth C. Griffin Department of Economics! Read more about them and their research focuses here:
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Economist Esteban Rossi-Hansberg has been appointed the Glen A. Lloyd Distinguished Service Professor at
@UChicago
where he will join the faculty of the Kenneth C. Griffin Department of Economics this summer.
2
18
150
In a new
@Nature
article,
@Econ_4_Everyone
argues for scientists to flip the research model to produce policy-based evidence from the start. The paper proposes five vital signs to determine if an idea is scalable.
Read more here⚡️:
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The Kenneth C. Griffin Department of Economics mourns the loss of former President Hugo Sonnenschein. A beloved mentor and scholar, Sonnenschein was the Charles L. Hutchinson Distinguished Service Professor Emeritus in Economics and the College:
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In the days ahead we will come together as a community and a department to mourn in this difficult time. Please join the Kenneth C. Griffin Department of Economics in wishing consolation and healing for Yiran’s loved ones.
The University of Chicago mourns the loss of Yiran Fan, a PhD student, who was shot and killed last night.
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We're pleased to announce the Kenneth C. Griffin Department of Economics at
@UChicago
and
@UCEMA_edu
will create and jointly operate the new Joint Initiative for Latin American
#ExperimentalEconomics
at UCEMA in Buenos Aires, Argentina: learn more at
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We are delighted to share our department's 2023-24 Job Market Candidates! This week, view individual profiles here. To see a full list of this year's candidates, visit:
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@FrancoTabaresSa
research focuses on Macroeconomics, Spatial Economics, and International Trade. In his job market paper, he studies differences in output market power across U.S. cities and how they lead firms to locate inefficiently across space:
1
22
84
Congratulations to the winners of
@JPolEcon
's 2019 Lucas Prize: Klaus Desmet, Dávid Krisztián Nagy, and Esteban Rossi-Hansberg, for "The
#Geography
of
#Development
" (Journal of Political Economy 126 [3]: 903‒83). Details and free download available at
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The Kenneth C. Griffin Department of Economics is searching for a Research Specialist to join Professor List’s research team to make important contributions to research projects within behavioral and experimental economics:
EOE/Vet/Disability
@econ_ra
3
25
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John List (
@Econ_4_Everyone
) & Steven Levitt (
@StevenDLevitt
) created a bite-sized version of their College econ course, Economics for Everyone. Read the article in
@UChicagoMag
about the course to learn how YOU can think like an economist:
@Econ4Everyone1
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The Kenneth C. Griffin Department of Economics is searching for a Research Specialist to work under Dr. Christina Brown to assist in research projects with focus on labor and education issues in developing countries:
EOE/Vet/Disability
@econ_ra
1
19
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The
@JPolEcon
announced the winners of this year's Robert E. Lucas Jr. Prize: Oleg Itskhoki and Dmitry Mukhin for "Exchange Rate Disconnect in General Equilibrium."
Read more about the prize here:
#JPE
#economics
#JPolEcon
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@marc_sora
studies international trade, macroeconomics, and labor. In his job market paper, he explores the role of uncertainty on labor mobility across sectors during commodity booms. More details:
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Congratulations to our Kenneth C. Griffin Department of Economics faculty members receiving distinguished and named professorships: Fernando Alvarez, Michael Greenstone, and Derek Neal
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10
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Prof. Douglas W. Diamond, Associated Faculty member in the department and the Merton H. Miller Distinguished Service Professor of Finance at
@ChicagoBooth
, has been awarded the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2022:
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The Kenneth C. Griffin Department of Economics is searching for a Research Director (RD) to report directly under Assistant Professor Anne Karing and oversee her entire research portfolio:
EOE/Vet/Disability
@econ_ra
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Heckman: “The highest rate of return...comes from investing as early as possible, from birth through age 5, in disadvantaged families. Starting at age 3 or 4 is too little too late, as it fails to recognize that skills beget skills in a complementary and dynamic way”
#ECE
.
@qz
cites
@UChi_Economics
Prof. James Heckman on why "the best investment a policymaker can make is in the earliest years of childhood
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Today,
@UChicago
is holding a candlelight vigil for Yiran Fan at 4:00 p.m. which may be attended in person or remotely through a live broadcast. For more information about the vigil, and other ways to remember and honor Yiran, visit this link:
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Keynote 1 at
#AFE2022
is underway! Raj Chetty (Harvard University) is presenting “Combining Field Experiments and Observational Data to Improve Economic Opportunity.”
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Paul Romer [SB’77, PhD’83], UChicago alumnus and former faculty member, is one of the recipients of the
#NobelPrize
in
#EconomicSciences
2018. He becomes the 91st person associated with
#UChicago
to receive a Nobel Prize.
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NEW BOOK: "Chicago Price Theory," by Sonia Jaffe, Robert Minton, Casey B. Mulligan, and Kevin M. Murphy: Based on
#Economics
301, the legendary PhD course taught at the
#UChicago
, the book emphasizes the importance of applying
#pricetheory
in order to master its concepts.
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Congratulations to Ralph and Mary Otis Isham Professor in Economics, Ali Hortaçsu, this year’s recipient of the
@kocuniversity
Rahmi M. Koç Medal of Science! Read more about the award and Professor Hortaçsu's achievements here:
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We're kicking off the Chicago Causal Inference Student Conference! Sponsored by the Griffin Applied Economics Incubator, this conference gathers a selected group of grad students working at the intersection of empirical economics and applied econometrics.
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In his JMP, Jonas Lieber studies inference with estimated concentration parameters. This matters theoretically for bandit algorithms, partial identification, and machine learning and empirically to help firms price when demand is unknown.
Learn more:
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Moving into our
#AFE2022
Panel Session, “Field Experiments with Firms: Views from the Demand and Supply Side” with Christina Gravert (University of Copenhagen), Christopher Stanton (Harvard Business School), Michiel van Zyl (Humana), and Ian Muir (Walmart).
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"The Voltage Effect" examines the science of scaling and how, “by understanding the science of scaling, we can drive change in our schools, workplaces, communities, and society at large.” Learn more about John List's newly released book here:
1
11
40
School voucher systems are common, but policy designs vary dramatically.
@harshilsahai
's JMP uses data from India, the world's largest voucher policy, to study how design shapes equity & efficiency. He finds that impacts depend critically on design choice.
1
11
44
Congratulations to Arnold C. Harberger Professor in Economics, Ufuk Akcigit, who was awarded a 2021 Guggenheim Fellowship. He is one of four University of Chicago scholars to receive the award this year:
#GuggenheimFellowship
#Economics
#UChicago
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The Kenneth C. Griffin Department of Economics is searching for a Full-Time Research Specialist, to support research projects led by Professor Esteban Rossi-Hansberg, who will join our department in July 2021.
EOE/Vet/Disability.
@econ_ra
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15
40
Congrats to Prof. John List who was awarded the R. K. Cho Economics Prize by Yonsei University in South Korea! It's one of the most prestigious awards in economics, awarded to economics scholars who have contributed to the development of scholarship & education.
@Econ_4_Everyone
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The Kenneth C. Griffin Department of Economics congratulates our 2019 Ph.D. graduates!
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Nobel Prize-winning economist Michael Kremer, a pioneer in development economics, has been appointed University Professor at
#UChicago
, where he will join the faculty of the
@UChi_Economics
.
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🚨
#JMP
@and_mattia
Who benefits from congestion policy?
I estimate the full value of time distribution of drivers in a large US city
Express Lanes are welfare-reducing: high-VOT drivers benefits don’t compensate others of extra traffic
#econjobmarket
👉
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Congratulations to Manasi Deshpande, elected to the National Academy of Social Insurance, as one of "the nation’s leading experts and most creative problem solvers in social insurance and
#inequality
, which is...a critical challenge for our country.”
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Please join us in congratulating Prof. Ufuk Akcigit, recipient of the 2019 Max Planck-Humboldt Research Award!
I am very happy and honored to receive this year’s Max Planck-Humboldt Research Award to study the economic gap between East and West Germany w/
@IWH_Halle
. And push forward my research on what drives innovation and how we can improve it
@maxplanckpress
@UChicago
@BeckerFriedman
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Shapiro: “Gary Becker stopping by to see how my work was going...[y]ou might liken it to Bono stopping by your garage to hear how the band is sounding, or Picasso coming round to have a look at your latest.”
Brown University Professor Jesse Shapiro reflects on the life and legacy of Gary Becker as both a friend and teacher.
#UChicago
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Worker asks, “Will I be fired next month?” Firm responds, “Idk yet, but I’ll tell you tomorrow.”
@andybchoi
studies how a principal (firm) should commit to future promises (early decision + communication of that decision) when he expects to receive private, non-contractible info
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The Kenneth C. Griffin Department of Economics congratulates 2019 John Bates Clark Medal winner Emi Nakamura (UC Berkeley)! She was also a
@BeckerFriedman
(formerly the Milton Friedman Institute) Research Scholar in Spring 2011, and a
@ChicagoBooth
Visiting Scholar in Fall 2010.
Congratulations to Emi Nakamura of
@berkeleyecon
, winner of the 2019 John Bates Clark Medal!
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We'd like to extend our sincere congratulations to our 2018 Economics Ph.D. Graduates - our very best wishes to you!
#UChicago2018
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Congratulations to
@Econ_4_Everyone
, who accepted The John von Neumann Award in Budapest, Hungary this weekend! This award is given annually by the Rajk College for Advanced Studies to an outstanding scholar in the exact social sciences. Learn more here:
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Should you find out if a source of information is reliable?
@TakumaHabu
’s JMP shows that you can do better by NOT finding out. From cross-examinations to ad hominem attacks, it reveals how "ignorance" can be used optimally to obtain more useful information from a strategic sender
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We are proud to be celebrating the accomplishments of our graduates this year. After a year of unprecedented challenges, they have risen to every occasion to accomplish their goals with excellence. We especially congratulate these 2020-2021 Ph.D. graduates:
#PhD
#Graduation2021
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Starting off Day 2 of
#AFE2022
with a Keynote presentation from Marianne Bertrand, “Predicting and Preventing Gun Violence: An Experimental Evaluation of READI Chicago.” It’s going to be another exciting day focused on
#FieldExperiments
!
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Assistant Professor in Economics and the College, Manasi Deshpande, has been selected as a 2023 Alfred P. Sloan Research Fellow in Economics!
Congratulations, Manasi! Learn more about the fellowship and all recipients here:
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In his JMP,
@ShimYounghun
studies the role of technology adoption and innovation in economic growth and explores the appropriate industrial policies over different stages of development, using micro data from South Korea during its growth miracle period.
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8
30
Do mortgage prepayment penalties reduce mobility? In
@varley_ma
's JMP, he finds that they do, especially to areas of higher economic activity, and that credit constraints play a role in explaining his findings. More details: .
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8
30
#ICYMI
: The Journal of Political Economy celebrates the life and work of Gary Becker in the Oct 2018 Special Issue, with contributions from James Heckman, Edward P. Lazear, Kevin Murphy, Richard Blundell, Scott Kominers, Pierre-Andre Chiappori, and others:
Special Issue of the Journal of Political Economy Honors the Life and Scholarship of Nobel Laureate Gary S. Becker: …
@BeckerFriedman
@UChi_Economics
@ChicagoJournals
@UChicagoPress
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The Kenneth C. Griffin Department of Economics invites applications for tenure-track faculty positions in Economics at the Associate Professor level to begin in the 2024-25 academic year. Learn more and apply here:
EOE/Vet/Disability
@econ_ra
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9
28
Zhiyu Fu’s (
@zhiyufu_econ
, ) JMP links currency risk to capital flows. He shows foreign flows are “flighty”: they tend to withdraw upon negative news, and a country's currency is risky if its external liabilities face flightier flows than external assets.
3
6
29
Girls who are taught for longer than a year by teachers with traditional
#gender
views have lower performance in objective
#math
and
#verbal
tests - and the longer the exposure, the greater the effect. New working paper by Sule Alan, Seda Ertac, and Ipek Mumcu
#education
New HCEO WP finds that teachers' beliefs about gender roles affect the math & verbal test scores of female students
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UChicago Griffin economist’s innovative research is honored with the 2019 Max Planck-Humboldt Research Award. The 1.5 million Euro prize will help Prof. Ufuk Akcigit study
#Germany
’s east-west divide by turning a new lens on data: full story at
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The October 2018 JPE Special Issue commemorates the life and work of the late Nobel laureate Gary Becker, with work from economists such as fellow Nobel laureate and JPE editor James J. Heckman, as well as Richard Blundell, Edward P. Lazear, Pierre-Andre Chiappori, & many others.
Special Issue of the Journal of Political Economy Honors the Life and Scholarship of Nobel Laureate Gary S. Becker:
@BeckerFriedman
@UChi_Economics
@ChicagoJournals
@UChicagoPress
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We are pleased to announce Alex Torgovitsky as the next Grossman Prize Lecturer! To be eligible for this honor, applicants must hold the rank of Full Professor and must have an exemplary record of scholarship and classroom teaching.
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@aioskolkov
studies macroeconomics and international finance. His job market paper provides an explanation for the unequal exposure of countries to foreign shocks and quantifies the heterogeneity in the impact of the global financial cycle.
Learn more at:
1
9
25
Is more bargaining power always a plus?
@EstefanoRubio
's
#JMP
shows that it's NOT. Using novel firm data & theory, he studies a reform redistributing power from employers to unions. Results? Profits didn't drop, wages rose & unionization fell.
Learn more:
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8
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The Kenneth C. Griffin Charitable Fund to make $125 million gift in support of the UChicago Department of Economics:
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11
24
Prof. Alessandra Voena is a keynote speaker at this year's
#SITEConference
at the Stockholm School of Economics-"
#Gender
in
#Economics
: From Survival to
#Career
Opportunities"
Age of marriage responds to short-term changes in aggregate economic conditions & traditional norms determine the response. Improving female economic opportunities requires understanding the economic role of culture and institutions
@AlesVoena
@UChi_Economics
#SITEConference
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In his job market paper, Myungkou Shin develops a selection-on-observable type assumption for treatment assigned at the cluster level, by using distribution of individuals within a cluster to control for treatment endogeneity:
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#Education
,
#nutrition
improve
#language
skills for
#children
in rural
#China
: Prof. James Heckman's innovative study could have a profound impact on the lives and futures of children in
#poverty
-stricken communities:
@heckmanequation
#ece
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VC-backed startups have higher early growth rates and initial patent quality than non-VC-backed ones, [and] higher chances of reaching right tails of the firm size & innovation distributions; outcomes are also better for startups matched with more experienced venture capitalists.
How does venture capital backing impact aggregate productivity and innovation? A new endogenous growth model from
@UChi_Economics
Prof.
@UfukAkcigit
explores. Working paper:
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Please join the Kenneth C. Griffin Department of Economics in congratulating Prof. Fernando Alvarez on his election to the American Academy of Arts and Sciences!
@americanacad
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Research shows high-quality early-childhood programs for disadvantaged children can provide a 13% ROI per year per child - and
#Vermont
could serve as a prime example of just how well
#ece
programs work with strong across-the-aisle policy support:
States with bipartisan support of high-quality
#ECE
are more likely to see the long-term social and economic gains that result from these programs for disadvantaged families. Learn what's happening in Vermont here:
@SCActionNetwork
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8
20
Our sincere congratulations to the Kenneth C. Griffin Department of Economics' Azeem Shaikh, named one of the Econometric Society's new Fellows:
@econometricsoc
Congratulations to
@UChi_Economics
Professor Azeem M. Shaikh, named one of the 22 new fellows of the
@econometricsoc
today:
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2
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@LeviGCrews
: Can spatial policy affect growth? In my JMP, I use evidence that workers learn faster in big cities to quantify a new spatial endogenous growth model w/ forward-looking learning & migration. I find that policies that concentrate skill in large cities speed up growth
1
7
22
The Kenneth C. Griffin Department of Economics is pleased to announce that Azeem Shaikh has been named the Ralph and Mary Otis Isham Professor of Economics, effective July 2, 2019.
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Sangmin Simon Oh (
@plausiblyexog
) shows how extreme jury verdicts & settlements become a source of aggregate risk for the insurance sector. Insurance prices ↑ not only b/c expected loss ↑, but also risk premia ↑ due to financial frictions.
Read more:
1
4
21
For more than a century, UChicago scholars’ groundbreaking theories have redefined the field of economics. Today, UChicago economists’ pioneering research continues to impact the field and shape our world. Learn more about
#TheDayTomorrowBegan
:
1
3
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#ICYMI
: A new study from
@ufukakcigit
(UChicago Griffin Economics) and Sina T. Ates (Federal Reserve Board) looks at how
#business
dynamism—the process of new business formation, expansion, contraction,
#jobcreation
and destruction—has been slowing.
A new study co-authored by
@UChi_Economics
's Ufuk Akcigit discusses factors contributing to slowing business dynamism, via
@Forbes
Read more at
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The Kenneth C. Griffin Department of Economics is searching for a Research Specialist to report to Professors Azeem Shaikh and Stephane Bonhomme as part of the 2021- 2022 Griffin Applied Economics Incubator Big Data Initiative:
EOE/Vet/Disability
@econ_ra
2
7
21
From
@NeilCholli
: Is welfare-to-work an effective policy in the long-run? My JMP shows it can be, but it's complicated. Using rich admin data, I find disparate impacts on income, education, health and crime across a generation of birth cohorts. See more at
0
5
20
Call for Applications: Predoctoral Fellowships in Health Economics Research. This fellowship will encourage original inquiry that will deepen our understanding of health & healthcare markets and how they relate to the overall economy. Apply by Dec. 31:
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8
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Source of cash matters. Investors buy stocks more cautiously when using “cold cash” than when using “hot cash.” See the paper “Non-fungible Cash in the Stock Market” by job market candidate
@Xindi_He
. More details:
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We enjoyed getting to celebrate our graduating Ph.D. students this past week and we can hardly wait to see what great things they continue to accomplish!
#ClassOf2021
#PhD
#PhDGraduation
@UChicago
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The papers of former University of Chicago scholar and Nobel laureate George Stigler, PhD’38, and trade expert Harry G. Johnson are now part of the
@UChicagoLibrary
archives. The works will enhance understanding of the
#Chicago
school of
#economics
legacy:
1
9
18
WATCH: Interview with Prof. James Heckman
@heckmanequation
on investment in quality early
#childhood
#education
: when returns to health are included, ROI is as high as 14%
#ece
Is preschool worth the money?
#UChicago
economist
@heckmanequation
says yes, and it even pays off into adulthood.
#childcare
#economics
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The Chicago Causal Inference Student Conference is accepting applications through Nov. 30! The conference seeks to gather graduate students working at the intersection of empirical microeconomics and applied econometrics. Click the link to apply:
1
5
18
It might be summertime, but there's no such thing as a "break" when it comes to research! Department RPs (Research Professionals) convene on Thursdays with
@Econ_4_Everyone
to share research updates-- many answering the question, "How is this research going to change the world?"
1
0
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Congratulations
@UChi_Economics
Professor Manasi Deshpande and
@ualbany
Econ. Prof. Yue Li for their
@AEAjournals
Best Paper Award for "Who is Screened Out? Application Costs and the Targeting of Disability Programs"!
Congratulations to the winners of the 2020 AEJ Best Paper Awards! Check out the winning papers here.
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Congratulations to Ufuk Akcigit, The Arnold C. Harberger Professor in Economics and the College, and Magne Mogstad, The Gary S. Becker Professor in Economics and the college, on being named
@econometricsoc
Fellows!
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2
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Marco's JMP introduces an equilibrium framework to assess the implications of 401(k) plan design policies on investors' welfare while accounting for agency frictions, investors' inertia and funds' competition incentives.
Read more:
1
2
18
Yiran Fan came from China to the University in 2014 to study in the financial mathematics program, and later enrolled in a joint Ph.D. program of Chicago Booth and the Kenneth C. Griffin Department of Economics. We mourn the loss of an exceptional scholar and kind friend.
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The Kenneth C. Griffin Department of Economics invites applications for an Instructional Professor (at rank Assistant, Associate or Full) position with expertise in macroeconomics, finance, & their applied fields. Learn more:
EOE/Vet/Disability
@econ_ra
0
5
16
We extend our sincere condolences to Prof. Robert J. Lalonde's family, friends, and colleagues.
It is with great sadness that we announce the passing of a beloved member of the Harris community and an exceptional scholar, Professor Robert LaLonde.
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New working paper uses a novel approach examining how prevailing beliefs shape
#women
's life outcomes: they find that
#sexism
affects women through 2 channels: 1) their own preferences, shaped by where they grow up 2) sexism experienced in the place they choose to live as adults.
How does the prevalence of sexism in the place where a woman is born impact her life and career, even if she moves to another state? Watch
@HarrisPolicy
Professor Kerwin Charles discuss his new research at last month's Friedman Forum.
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Congratulations to
@Econ_4_Everyone
- recipient of this year's Digital Communications Award! Read more about the ACN awards and other recipients across campus:
UChicago announces recipients of Academic Communicators Network awards for 2024
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WATCH: Kevin Murphy discusses transformative
#technology
in Part 2 of Discussion Section with Nancy L. Stokey
How do advances in physical capital and technology, combined with improvement in human capital, combine to impact growth rates? Are some factors more important than others? Watch
@UChi_Economics
Professor Nancy Stokey describe:
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The Kenneth C. Griffin Department of Economics is pleased to announce that Prof. Harald Uhlig has been appointed the inaugural Bruce Allen and Barbara Ritzenthaler Chair in Economics at the University of Chicago:
@haralduhlig
1
3
15
The Kenneth C. Griffin Department of Economics at the University of Chicago invites applications for the positions of full-time Professor with Tenure, Assistant Professor, Associate Professor, and Lecturer: details at
0
6
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Coming soon: new Handbook of
#Macroeconomics
Vol 2A&2B,
@EconomicsOne
&
@haralduhlig
, eds, surveying all major advances in macro since Vol 1
Very exciting! We're proud that many of our Macro Financial Modeling Group contributed.
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Workers recruited with a "do-good" message were of a higher caliber & significantly more productive once on the job: List et al conclude corporate social responsibility "should not be viewed as a necessary distraction from [profits] but an important part of profit maximization."
Does advertising a company as doing good have a real impact on recruiting?
@PlanetMoney
highlights findings from
@UChi_Economics
Prof. John List, et al:
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At
#AFE
, we have:
- 6 parallel sessions happening concurrently throughout Saieh Hall
- Up to 4 speakers in each room during every session
- 8 groups of sessions during the conference!
And that doesn’t even include our keynotes!
#FieldExperiments
#AFE2023
#Research
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1
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The Journal of Political Economy, one of the world's leading academic journals, will now be published 12 times a year starting in 2020:
JPE is going monthly in 2020!
Since 2015, JPE has doubled in size and will grow another 50% with the new 12-issue-per-year schedule.
@UChicagoPress
@ChicagoJournals
@UChi_Economics
@ChicagoBooth
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0
3
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The Griffin Applied Economics Incubator is accepting applications for the Chicago Causal Inference Student Conference, which will gather a selected group of graduate students working at the intersection of empirical microeconomics & applied econometrics:
1
9
14