Congratulations to
@Yale
economist Philipp Strack, winner of the 2024 John Bates Clark Medal!
“It’s an incredible honor, and it’s hard to believe,” said Strack, “I’m just very happy and grateful.”
Read the full story here:
Can Google Search data predict the economy?
@Google
Chief Economist Hal Varian visited
@Yale
last semester to present on how Google Trends can be used to forecast economic activity, including GDP, unemployment, and where you’ll buy your next coffee:
Can Google Search data predict the economy?
@Google
Chief Economist Hal Varian visited
@Yale
this week to present on how Google Trends can be used to forecast economic activity, including GDP, unemployment, and where you’ll buy your next coffee:
Can Google Search data predict the economy?
@Google
Chief Economist Hal Varian visited
@Yale
to present on how Google Trends can be used to forecast economic activity, including GDP, unemployment, and where you’ll buy your next coffee:
What determines the distribution of people and economic activity across space? How can economic policies affect the spatial distribution of economic activity?
New from
@TrebAllen
and Costas Arkolakis in Journal of Economic Perspectives
@AEAjournals
:
The Department of Economics is delighted to welcome two new professors to its faculty this fall, and two new Postdoctoral Associates who will later join as faculty.
Read more about their background and research interests here:
NEW: a methodology to structurally estimate productivity growth in service industries that circumvents the notorious difficulties in measuring quality improvements.
By
@tianyufan_econ
, Michael Peters, &
@FabrizioZilibo1
in
@ecmaEditors
:
NEW in
@JPolEcon
, a look at the life cycle of products, and the implications for economic growth and innovation policies.
By David Argente (
@dargente05
), Munseob Lee (
@MunseobLee
), & Sara Moreira (
@sarapfmoreira
):
What determines the distribution of people and economic activity across space? How can economic policies affect the spatial distribution of economic activity?
New work by
@TrebAllen
and Costas Arkolakis in Journal of Economic Perspectives
@AEAjournals
:
NEW in
@nberpubs
: "Early Childhood Intervention for the Poor: Long Term Outcomes"
A look at the effects of early childhood interventions 4.5 years later, including IQ, literacy, & numeracy outcomes:
NEW in Econometrica: An exploration of social learning by long-lived agents who observe each other’s actions on a social network.
By Wanying Huang, Philipp Strack & Omer Tamuz:
The common ownership hypothesis: when large investors own shares in multiple firms within the same industry, it reduces incentives to compete.
New work in
@JPolEcon
shows that managerial incentives connect common ownership to softer competition:
Congratulations to Joseph Altonji for winning the Jacob Mincer Award for lifetime contributions to labor economics, awarded annually by
@SOLE_Labor_Econ
!
More on the award, and a full interview about his work here:
The
@YaleEconomics
Department and the Tobin Center for Economic Policy are hiring several Pre-Doctoral Fellows starting in Summer 2022. Come join our vibrant program! Learn more and apply here:
#EconTwitter
@econ_ra
This paper studies the co-movement of workers across sectors and space during a pivotal period of the US economy: its second wave of industrialization between 1880 and 1940.
New work by
@fpeckert
,
@jjuneauii
, and Michael Peters:
Marina Halac has been appointed the Stanley Resor (B.A. 1901) Professor of Economics
Halac, who joined the Yale faculty in 2019, is an expert in game theory, contract theory, and mechanism design.
More on her background and research from
@Yale
News:
Congratulations to
@Yale
economists Eduardo Dávila and Ryota Iijima for being named
@SloanFoundation
Fellows for early-career excellence!
In a Q&A, Dávila and Iijima discuss their research interests, latest projects, and what drew them to economics:
📣 In our latest profile, we spoke with PhD students Carlo Cusumano and Ferdinand Pieroth 📣
Learn more about their recent AER publication (
@AEAjournals
), as well as what drew them to economics,
@Yale
, and the Economic Theory Program:
NEW in
@nberpubs
: How do you incorporate the rich behavior observed at the individual level into a framework that has something to say about aggregates?
By Jonathan Eaton (
@PennStateEcon
) & Samuel Kortum (
@YaleCowles
):
We're excited to release our 2022 Annual Magazine, marking a new era for
@YaleEconomics
!
Including updates on our new faculty, building, and websites, as well as academic programs, research, students, teaching, and more:
In his JMP, Ro'ee Levy conducts an experiment showing that people are willing to engage with opposing news and that such news causally decreases partisan hostility. He finds that Facebook's algorithm filters opposing news and thus may increase polarization.
Apply now!
The
@YaleTobinCenter
/ Economics Predoc Program applications are live.
Many opportunities to do policy-relevant economics research.
Details here:
All three of
@Yale
College’s most popular fall 2023 courses are economics classes.
Thanks to all the faculty and staff who make it happen, and to all the students who continue to enroll and contribute to the economics community!
Via
@yaledailynews
:
How do you integrate economic analysis with the science of climate change?
NEW research by William Nordhaus & Lint Barrage presents updated results from the DICE-2013 model, with major implications for global climate policy:
At the
@AEA
’s 1971 annual meeting, a group of female Yale graduate students plastered signs calling for women economists to meet later. The outcome of this meeting was
@CSWEP
and increased support for female economists. Full story
The
@YaleEconomics
Department and the Tobin Center for Economic Policy are hiring several Pre-Doctoral Fellows starting in Summer 2023. Come join our vibrant program! Learn more and apply here:
#EconTwitter
@econ_ra
What are the returns to international migration?
New research in
@AEAjournals
tracks down applicants to a government lottery that randomly allocated visas to Bangladeshis for temporary labor contracts in Malaysia, five years later:
Ebonya Washington write-up in the Yale News: “I’m largely interested in how people use politics to get their economic needs met, particularly people of color and low-income folks.”
What is the optimal level of deposit insurance coverage? How should emerging economies set their insured limits?
New work by Eduardo Dávila and Itay Goldstein (
@Wharton
) in
@JPolEcon
:
NEW: What role does industrial lobbying play in international regulatory agreements, and how does it affect global welfare?
In
@AEAjournals
, by Giovanni Maggi &
@OssaRalph
:
Using new theory and data, researchers look at how firms form production networks in space and how these networks shape the spatial distribution of economic activity.
New work in
@nberpubs
by Costas Arkolakis,
@FedericoHuneeus
, &
@MiyauchiYuhei
:
Congratulations to
@YaleEconomics
faculty members Rohini Pande, Aleh Tsyvinski, and Ebonya Washington on being elected fellows to the
@econometricsoc
!
The full list of fellows can be found here:
The new economics building at 87 Trumbull St. boasts environmentally friendly features while seamlessly connecting neighboring structures into a single complex.
@Yale
News covers our new home:
.
@jaeheeasy
's JMP studies the impact of zoning regulations on housing markets across the U.S. She finds that a statewide relaxation of zoning will increase housing supply, decrease new home prices, and minimally affect existing property values. More at
On March 2nd,
@elianalaferrara
(
@Kennedy_School
)
will deliver the 32nd Annual Kuznets Memorial Lecture, "Changing Harmful Norms."
Hosted by
@YaleEGC
, the event will take place live at
@Yale
with online simulcast.
Register here:
NEW: RCT evidence on the impacts of an early childhood home-visiting program on child outcomes and parental behavior.
➡️ Large effects on parental investment + preschool enrolment.
By Wang,
@YiweiQian
, Warrinnier,
@orazio_at
, Rozelle, &
@Sean_Sylvia
:
In her job market paper, Yoko Okuyama examines women's radio programs in the US-led occupation of Japan (1945-52) to provide evidence that women's greater access to information closes the gender political gap and contributes to birth rate decline.
Can Google Search data predict the economy?
@Google
Chief Economist Hal Varian visited
@Yale
this week to present on how Google Trends can be used to forecast economic activity, including GDP, unemployment, and where you’ll buy your next coffee:
Consumers face challenges when deciding about complex products (e.g., mortgages, life insurance) - This paper studies the impact of competition in markets with costly information processing.
By
@Yale
's Cusumano & Pieroth, &
@PrincetonEcon
's Fabbri:
Kohei develops an optimal way of using data to choose policies that can be applied even when policy effects are not identified. Using his method, he studies whether to change the eligibility criterion for a school construction program in Burkina Faso.
We're excited to release our 2023 Annual Magazine, celebrating a remarkable year for the Department!
This year marked a new era for
@YaleEconomics
, and this year's Magazine looks back at all the impactful research, teaching, awards, and more:
NEW, in
@JPolEcon
: A look at O-ring production networks, and skill matching in Turkish Firms.
By Banu Demir, Ana Cecília Fieler, Daniel Yi Xu, and Kelly Kaili Yang:
The
@YaleEconomics
Department and the Tobin Center for Economic Policy are hiring several Predoctoral Fellows starting in Summer 2020. Come join our vibrant program! Learn more and apply here:
#EconTwitter
@econ_ra
An expert in competition and antitrust economics, Fiona Scott Morton will be the first woman to serve as chief economist of the EU's primary competition authority.
Read the full story from
@YaleSOM
:
In his JMP,
@lucas_zavala
finds:
🍌 Farmers in Ecuador receive a fraction of the value they produce [data]
🗝 Exporter market power is a key driver [model]
⚖️ Fair Trade can help farmers benefit from globalization [counterfactual]
📖 Read more:
The
@YaleEconomics
sends a heartfelt congratulations to
@JanetYellen
'71 Ph.D. who was confirmed treasury secretary... The first female treasury secretary to boot!
Vote count: 84 yea; 15 nay.
#womenpower
What do recent advances in economic geography teach us about the spatial distribution of economic activity?
New work by
@TrebAllen
& Costas Arkolakis, in
@nberpubs
:
In her job market paper, Pengpeng Xiao develops an equilibrium search model to study the widening gender wage gap over the lifecycle and its components: human capital accumulation, preference for job amenities, and employers’ statistical discrimination in wages and hiring.
Economist
@mushfiq_econ
is internationally recognized for his innovative approaches to addressing poverty on a global scale.
He was recently appointed the Jerome Kasoff ’54 Professor of Management and Economics. Read more about his research & teaching:
📣 In a recent profile, we spoke with PhD students Carlo Cusumano and Ferdinand Pieroth 📣
Learn more about their recent AER publication (
@AEAjournals
), as well as what drew them to economics,
@Yale
, and the Economic Theory Program:
The
@YaleEconomics
Department is pleased to announce its 2020
#EconJobMarket
candidates. Over the next few days we will introduce each student with a bio tweet. A complete list of the candidates and their paper abstracts can be found here:
#EconTwitter
📣📣Call For Papers 📣📣
@YaleEGC
is hosting the 2022 North East Universities Development Consortium, in person at
@Yale
Nov 5-6.
Information & Submission here:
#NEUDC2022
#EconTwitter
We're thrilled to announce that Samuel Kortum has been appointed as Director of
@Yale
's Cowles Foundation for Research in Economics.
In an interview, Kortum discusses his work and vision for
@YaleCowles
:
Recognized as a leading American economist under 40, Philipp Strack’s work solves long-standing open questions in economic theory.
Read more about his recent Clark Medal here:
What happens to labor market models when you introduce on-the-job search (i.e., outside job offers to employed workers)?
New work by Giuseppe Moscarini &
@fpvinay
, in
@nberpubs
:
NEW in the American Economic Review (
@AEAjournals
): "The Political Development Cycle: The Right and the Left in People's Republic of China from 1953"
By Anton Cheremukhin, Mikhail Golosov, Sergei Guriev (
@sguriev
), & Aleh Tsyvinski:
We're excited to present the 2022 Economics Job Market Candidates!
See a complete list of the candidates and their papers here:
We highlight each candidate and their work in the 🧵 below
Prof.
@mushfiq_econ
describes the arc of his research on scalable, evidence-based policy responses to the deprivations of poverty in
@YaleSOM
's Yale Insights
What are the economic consequences of evictions?
New research combines eviction court records with detailed longitudinal data on socio-economic outcomes such as employment, hospital visits, and stays at emergency homeless shelters:
NEW in
@RevEconStudies
(Jan 2024): "Misspecified Moment Inequality Models: Inference and Diagnostics"
By Donald W. K. Andrews and Soonwoo Kwon (
@Brown_Economics
):
.
@ahyanpanjwani
's JMP shows that current federal policies encourage homeownership in areas threatened by climate change.
In the context of Hurricane Sandy: reversing these policies => 20% fewer households exposed to flood risk.
Read more:
Last week at
@Yale
, over 60 top economists gathered to present the latest research on digital economy regulation
They set an ambitious agenda to help advance our understanding and provide practical insights for policy
Read the full recap here:
NEW: A short book on globalization trends, their drivers, and effects on inequality.
“The Unequal Effects of Globalization,” by
@PennyG_Yale
w/
@greglars
, from
@MITpress
:
NEW: A spatial theory of clean growth to assess the global impact of the rise of renewable energy.
In
@nberpubs
, by Costas Arkolakis &
@Conor_A_Walsh
:
Yale Economics is excited to release its 2022 Annual Magazine! In the past year, we've recruited new faculty, constructed a new building, launched two new websites, and made significant investments in academics, research, & communications.
Read more here:
📣 JOIN US April 4📣
Christopher Udry (
@chrisudry
) will deliver the 33rd Annual Kuznets Lecture, "Structural change and declining agricultural productivity: Evidence from sub-Saharan Africa"
In person
@Yale
or online, details here:
To understand information as an economic commodity requires theories for its value + production cost. This paper develops an axiomatic theory of costly information acquisition.
New
@AEAjournals
publication by
@lupo__matto
,
@philippstrack85
, & Omer Tamuz:
Congrats to
@orazio_at
,
@CostasMeghir
, and Dr. Megan Smith from
@YalePsych
who were awarded a grant from
@JPAL_NA
! Their research will aim to improve child development and mothers mental health.