Industrial Organization
Labor Studies
Economic Fluctuations and Growth
Law and Economics

Environment and Energy Economics
Children
International Finance and Macroeconomics

Members of the NBER's Industrial Organization Program met February 7–8 at Stanford University. Research Associate Julie H. Mortimer of Boston College and Faculty Research Fellows Christopher Neilson of Princeton University and Michael Sinkinson of Yale University organized the meeting. These researchers' papers were presented and discussed:

Mo Xiao, University of Arizona, and Zhe Yuan, Alibaba Group, "License Complementarity and Package Bidder: The US Spectrum Auctions"

Thomas R. Covert, University of Chicago and NBER, and Richard Sweeney, Boston College, "Relinquishing Riches: Auctions vs Informal Negotiations in Texas Oil and Gas Leasing" (NBER Working Paper 25712)

Yeon-Koo Che and Dong Woo Hahm, Columbia University, and Yinghua He, Rice University, "Leveraging Uncertainties to Infer Preferences: Robust Analysis of School Choice"

Itai Ater, Tel Aviv University, and Oren Rigbi, Ben-Gurion University, "Price Transparency, Media and Informative Advertising"

Amil Petrin, University of Minnesota and NBER; Emmanuel Dhyne, National Bank of Belgium; and Valerie Smeets and Frederic Warzynski, Aarhus University, "Theory for Extending Single-Product Production Function Estimation to Multi-Product Settings"

Zach Y. Brown, University of Michigan, and Jihye Jeon, Boston University, "Endogenous Information and Simplifying Insurance Choice"

Xing Li and Wesley Hartmann, Stanford University, and Tomomichi Amano, Harvard University, "Preference Externality Estimators: A Comparison of Border Approaches and IVs"

Sylvia Hristakeva, University of California, Los Angeles, "Vertical Contracts with Endogenous Product Selection: An Empirical Analysis of Vendor-Allowance Contracts"

David C. Chan Jr and Matthew Gentzkow, Stanford University and NBER, and Chuan Yu, Stanford University, "Selection with Variation in Diagnostic Skill: Evidence from Radiologists" (NBER Working Paper 26467)

Pedro Gardete, Nova School of Business and Economics, and Megan Hunter, Stanford University, "Guiding Consumers through Lemons and Peaches: Analyzing of the Effects of Search Design Activities"

Cailin R. Slattery, Columbia University, "Bidding for Firms: Subsidy Competition in the United States"

Summaries of these papers are at
www.nber.org/conferences/2020/IOs20/summary.html

Members of the NBER's Labor Studies Program met February 20–21 at the Federal Reserve Bank of San Francisco. Program Directors David Autor of MIT and Alexandre Mas of Princeton University organized the meeting, which was sponsored by the bank. The following researchers' papers were presented and discussed:

Chiara Farronato, Harvard University and NBER; Andrey Fradkin, Boston University; Bradley Larsen, Stanford University and NBER; and Erik Brynjolfsson, MIT and NBER, "Consumer Protection in an Online World: An Analysis of Occupational Licensing"

Sabrina L. Di Addario, Bank of Italy; Patrick M. Kline, University of California, Berkeley and NBER; Raffaele D. Saggio, University of British Columbia; and Mikkel Sølvsten, University of Wisconsin-Madison, "It Ain't Where You're from It's Where You're At: Firm Effects, State Dependence, and the Gender Wage Gap"

Christina L. Brown, University of California, Berkeley; Supreet Kaur, University of California, Berkeley and NBER; and Heather Schofield, University of Pennsylvania, "Attention as Human Capital"

Sandra E. Black, Columbia University and NBER; Jeffrey T. Denning, Brigham Young University; and Jesse Rothstein, University of California, Berkeley and NBER, "Winners and Losers: The Effect of Gaining and Losing Access to Selective Colleges on Labor Market Outcomes"

Bruce D. Meyer, University of Chicago and NBER; Angela Wyse, Alexa Grunwaldt and Derek Wu, University of Chicago; and Carla Medalia, US Census Bureau, "Learning about Homelessness in the US Using Linked Administrative and Survey Data"

Bradley Setzler, University of Chicago, and Felix Tintelnot, University of Chicago and NBER, "The Effects of Foreign Multinationals on Workers and Firms in the United States" (NBER Working Paper 26149)

Tito Boeri, Bocconi University; Andrea Ichino, European University Institute; Enrico Moretti, University of California, Berkeley and NBER; and Johanna Posch, European University Institute, "Wage Equalization and Regional Misallocation: Evidence from Italian and German Provinces" (NBER Working Paper 25612)

Marika Cabral, University of Texas at Austin and NBER, and Marcus Dillender, University of Illinois at Chicago, "The Impact of Benefit Generosity on Workers' Compensation Claims: Evidence and Implications"

Daniel R. Arnold, University of California, Berkeley, and Christopher M. Whaley, RAND, "Who Pays for Health Care Costs? The Effects of Health Care Prices on Wages"

Summaries of these papers are at
www.nber.org/conferences/2020/LSs20/summary.html

Members of the NBER's Economic Fluctuations and Growth Program met February 28 at the Federal Reserve Bank of New York. Research Associates Ufuk Akcigit of the University of Chicago and Sydney C. Ludvigson of New York University organized the meeting. These researchers' papers were presented and discussed:

Konrad B. Burchardi, IIES, Stockholm University; Thomas Chaney, Sciences Po; Tarek Alexander Hassan, Boston University and NBER; and Lisa Tarquinio and Stephen J. Terry, Boston University, "Immigration, Innovation, and Growth"

Leena Rudanko, Federal Reserve Bank of Philadelphia, "Firm Wages in a Frictional Labor Market"

Fatih Karahan, Federal Reserve Bank of New York; Serdar Ozkan, University of Toronto; and Jae Song, Social Security Administration, "Anatomy of Lifetime Earnings Inequality: Heterogeneity in Job Ladder Risk vs. Human Capital"

Rohan Kekre, University of Chicago, and Moritz Lenel, Princeton University, "Monetary Policy, Redistribution, and Risk Premia"

Matthew Smith, Department of the Treasury; Owen M. Zidar, Princeton University and NBER; and Eric Zwick, University of Chicago and NBER, "Top Wealth in the United States: New Estimates and Implications for Taxing the Rich"

Germán Gutiérrez, New York University, and Thomas Philippon, New York University and NBER, "How EU Markets Became More Competitive than US Markets: A Study of Institutional Drift" (NBER Working Paper 24700)

Summaries of these papers are at
www.nber.org/conferences/2020/EFGw20/summary.html

Members of the NBER's Law and Economics Program met February 28 in Cambridge. Program Director Christine Jolls of Yale University organized the meeting. These researchers' papers were presented and discussed:

Allen Ferrell, Harvard University and NBER; Alberto Manconi, Bocconi University; Ekaterina V. Neretina, University of Southern California; Luc Renneboog, Tilburg University; and William Powley, MIT, "Are Star Lawyers Also Better Lawyers?"

Alberto Galasso, University of Toronto and NBER, and Hong Luo, Harvard University, "Risk-Mitigating Technologies: The Case of Radiation Diagnostic Devices" (NBER Working Paper 26305)

Ofer Eldar and Jill Grennan, Duke University, and Kate Waldock, Georgetown University, "Common Ownership and Startup Growth"

Li Liao, Zhengwei Wang, and Jia Xiang, Tsinghua University; Hongjun Yan, DePaul University; and Jun Yang, Indiana University, "Investing with Fast Thinking"

Giri Parameswaran, Haverford College; Charles Cameron, Princeton University; and Lewis A. Kornhauser, New York University School of Law, "Bargaining and Strategic Voting on Appellate Courts"

David Frydlinger, Cirio Law Firm, and Oliver D. Hart, Harvard University and NBER, "Overcoming Contractual Incompleteness: The Role of Guiding Principles" (NBER Working Paper 26245)

Summaries of these papers are at
www.nber.org/conferences/2020/LEs20/summary.html

Members of the NBER's Environment and Energy Economics Program met February 27–28 in Cambridge. Research Associate H. Spencer Banzhaf of Georgia State University and Program Director Catherine Wolfram of the University of California, Berkeley organized the meeting. These researchers' papers were presented and discussed:

Jacquelyn Pless, MIT, "Are 'Complementary Policies' Substitutes? Evidence from R&D Subsidies in the UK"

Christopher R. Knittel, MIT and NBER, and Shinsuke Tanaka, Tufts University, "Driving Behavior and the Price of Gasoline: Evidence from Fueling-Level Micro Data" (NBER Working Paper 26488)

Joseph S. Shapiro, University of California, Berkeley and NBER, "The Environmental Bias of Trade Policy"

Andres Gonzalez Lira, University of California, Berkeley, and Ahmed Mushfiq Mobarak, Yale University and NBER, "Slippery Fish: Enforcing Regulation under Subversive Adaptation"

Lutz Sager, Georgetown University, "The Global Consumer Incidence of Carbon Pricing: Evidence from Trade"

Janet Currie, Princeton University and NBER; John L. Voorheis, US Census Bureau; and Reed Walker, University of California, Berkeley and NBER, "What Caused Racial Disparities in Particulate Exposure to Fall? New Evidence from the Clean Air Act and Satellite-Based Measures of Air Quality" (NBER Working Paper 26659)

Avraham Ebenstein, Hebrew University of Jerusalem, and Michael Greenstone, University of Chicago and NBER, "Childhood Exposure to Particulate Air Pollution, Human Capital Accumulation, and Income: Evidence from China"

Alex Hollingsworth, Indiana University, and Ivan J. Rudik, Cornell University, "The Social Cost of Leaded Gasoline: Evidence from Regulatory Exemptions"

Justin Marion and Jeremy D. West, University of California, Santa Cruz, "Dirty Business: Principal-Agent Problems in Hazardous Waste Remediation"

Geoffrey Heal and Wolfram Schlenker, Columbia University and NBER, "Coase, Hotelling and Pigou: The Incidence of a Carbon Tax and CO2 Emissions" (NBER Working Paper 26086)

Summaries of these papers are at
www.nber.org/conferences/2020/EEEs20/summary.html

Members of the NBER's Program on Children met March 5–6 in Cambridge. Program Directors Anna Aizer of Brown University and Janet Currie of Princeton University organized the meeting. These researchers' papers were presented and discussed:

Michael Gilraine, New York University, "Air Filters, Pollution and Student Achievement"

Peter Bergman, Columbia University; Raj Chetty, Lawrence F. Katz, and Nathaniel Hendren, Harvard University and NBER; Stefanie DeLuca, Johns Hopkins University; and Christopher Palmer, MIT and NBER, "Creating Moves to Opportunity: Experimental Evidence on Barriers to Neighborhood Choice" (NBER Working Paper 26164)

Imran Rasul, Pedro Carneiro, and Giacomo Mason, University College London; Lucy Kraftman, Institute for Fiscal Studies; and Lucie Moore and Molly Scott, Office of Personnel Management, "The Impacts of a Multifaceted Pre-natal Intervention on Human Capital Accumulation in Early Life"

Katherine Meckel, University of California, San Diego and NBER; Maya Rossin-Slater, Stanford University and NBER; and Lindsey M. Uniat, Yale University, "Efficiency versus Equity in the Provision of In-Kind Benefits: Evidence from Cost Containment in the California WIC Program" (NBER Working Paper 26718)

Olivier Marie, Erasmus University Rotterdam, and Esmée Zwiers, Princeton University, "The Power of the Dutch Pill: The Short and Long Term Effects of Access to Birth Control"

John Anders and Andrew C. Barr, Texas A&M University, and Alexander A. Smith, United States Military Academy, West Point, "The Effect of Early Childhood Education on Adult Criminality: Evidence from the 1960s through 1990s"

Elira Kuka, George Washington University and NBER, and Na'ama Shenhav, Dartmouth College, "Long-Run Effects of Incentivizing Work Post-Birth"

Christina Brown, University of California, Berkeley; Supreet Kaur, University of California, Berkeley and NBER; and Heather Schofield, University of Pennsylvania, "Attention as Human Capital"

Herdis Steingrimsdottir, Copenhagen Business School, and Snaebjorn Gunnsteinsson, University of Maryland, "The Long-Term Impact of Children's Disabilities on Families"

Alicia S. Modestino and Richard J. Paulsen, Northeastern University, "School's Out: How Summer Youth Employment Programs Impact Academic Outcomes"

Bhashkar Mazumder, Federal Reserve Bank of Chicago; Maria Rosales-Rueda, Rutgers University; and Margaret Triyana, Wake Forest University, "Social Interventions, Health and Well-being: The Long-term and Intergenerational Effects of a School Construction Program"

Timothy N. Bond and Jillian B. Carr, Purdue University; Analisa Packham, Vanderbilt University and NBER; and Jonathan Smith, Georgia State University, "Hungry for Success? SNAP Timing, High-Stakes Exam Performance, and College Attendance"

Summaries of these papers are at
www.nber.org/conferences/2020/CHs20/summary.html

Members of the NBER's International Finance and Macroeconomics Program met March 6 in San Francisco. Faculty Research Fellow Cristina Arellano of the Federal Reserve Bank of Minneapolis and Research Associate Oleg Itskhoki of Princeton University organized the meeting. These researchers' papers were presented and discussed:

Marcus Biermann, Université Catholique de Louvain, and Kilian Huber, University of Chicago, "Tracing the International Transmission of a Crisis through Multinational Firms"

Gianluca Benigno, London School of Economics; Andrew Foerster, Federal Reserve Bank of San Francisco; Christopher Otrok, University of Missouri; and Alessandro Rebucci, Johns Hopkins University and NBER, "The Anatomy of Crises and Cycles in Mexico: An Endogenous Regime Switching Approach"

Gastón Chaumont, University of Rochester, "Sovereign Debt, Default Risk, and the Liquidity of Government Bonds"

Sofonias Korsaye and Fabio Trojani, University of Geneva, and Andrea Vedolin, Boston University and NBER, "The Global Factor Structure of Exchange Rates"

Vania Stavrakeva, London Business School, and Jenny Tang, Federal Reserve Bank of Boston, "Deviations from FIRE and Exchange Rates: A GE Theory of Supply and Demand"

Konstantin Egorov, New Economic School, and Dmitry Mukhin, University of Wisconsin-Madison, "Optimal Monetary Policy under Dollar Pricing"

Alyssa G. Anderson and Bernd Schlusche, Federal Reserve Board, and Wenxin Du, University of Chicago and NBER, "Arbitrage Capital of Global Banks"

Summaries of these papers are at
www.nber.org/conferences/2020/IFMs20/summary.html