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Delivery worker wearing a medical mask and carrying packages.
Feature: The Impact of State Paid Sick Leave Laws on Service Workers

Daniel Schneider finds that state paid sick leave laws increased service workers’ access to paid sick leave and reduced the share of service workers who worked while sick.

A family with a father, mother, and two small children walking on a dirt path.
Feature: Connecting Absolute and Relative Intergenerational Mobility

Deirdre Bloome offers two frameworks for understanding the relationship between types of intergenerational mobility, or whether people are socioeconomically better off than their parents.

Two women in rural India dressed colorfully and carrying baskets on their heads.
Feature: Studying a Government Program to Support Women’s Self-Help Groups

Michael Walton explores the interactions between state and society in rural India within a major community-based development program, finding two major tensions.

A network of computer motherboards and other parts assembled to look like a miniature city.
Feature: The Data-Informed City

Jorrit de Jong presents a comprehensive framework for how cities can use data to address problems more effectively, efficiently, equitably, and with better accountability.

Harvard Kennedy School faculty disseminate their research in working publications and papers that contribute to public knowledge and fuel policy innovation. This list features recent faculty publications, including journal articles, books, edited volumes, research papers, and public testimony.

Faculty Publications

Understanding Regional Export Growth in China

Dorn, David, Gordon Hanson, and Lei Li. "Understanding Regional Export Growth in China." World Trade Evolution: Growth, Productivity and Employment. Ed. Lili Yan Ing and Miaojie Yu. Routledge, 2019.

Independent Taxation, Horizontal Equity, and Return-Free Filing

Liebman, Jeffrey, and Daniel Ramsey. "Independent Taxation, Horizontal Equity, and Return-Free Filing." Tax Policy and the Economy 33.1 (January 2019): 109-130.

The Crisis Next Time: What We Should Have Learned from 2008

Reinhart, Carmen, and Vincent Reinhart. "The Crisis Next Time: What We Should Have Learned from 2008." Foreign Affairs 97.6 (November/December 2018): 84-97.

The Price of Biodiesel RINs and Economic Fundamentals

Irwin, Scott H., Kristen McCormack, and James H. Stock. "The Price of Biodiesel RINs and Economic Fundamentals." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series, December 2018.

Stock Price Rewards to Climate Saints and Sinners: Evidence from the Trump Election

Ramelli, Stefano, Alexander F. Wagner, Richard J. Zeckhauser, and Alexandre Ziegler. "Stock Price Rewards to Climate Saints and Sinners: Evidence from the Trump Election." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP18-037, September 2018.

Multiperiod Matching

Kadam, Sangram V., and Maciej H. Kotowski. "Multiperiod Matching." International Economic Review 59.4 (November 2018): 1927-1947.

Time Horizons, Lattice Structures, and
Welfare in Multi-period Matching Markets

Kadam, Sangram V., and Maciej H. Kotowski. "Time Horizons, Lattice Structures, and Welfare in Multi-period Matching Markets." Games and Economic Behavior 112 (November 2018): 1-20.

Company Stock Price Reactions to the 2016 Election Shock: Trump, Taxes, and Trade

Wagner, Alexander F., Richard J. Zeckhauser, and Alexandre Ziegler. "Company Stock Price Reactions to the 2016 Election Shock: Trump, Taxes, and Trade." Journal of Financial Economics 130 (November 2018): 428-451.

Wielding Peer Effects in Online Production: Evidence from a Series of Field Experiments

Horton, John J., and Richard J. Zeckhauser. "Wielding Peer Effects in Online Production: Evidence from a Series of Field Experiments." October 2018.

HAR Inference: Recommendations for Practice

Lazarus, Eben, Daniel J. Lewis, James H. Stock, and Mark W. Watson. "HAR Inference: Recommendations for Practice." Journal of Business & Economic Statistics 36.4 (October 2018): 541-559.

Raphael, Superstar, and His Extraordinary Prices

Nelson, Jonathan K., and Richard J. Zeckhauser. "Raphael, Superstar, and His Extraordinary Prices." Sources: Notes in the History of Art (Fall 2018): 15-23.

Production and Welfare: Progress in Economic Measurement

Jorgenson, Dale W. "Production and Welfare: Progress in Economic Measurement." Journal of Economic Literature 56.3 (September 2018): 867-919.

US will Lack Fiscal Space to Respond when Next Recession Comes

Frankel, Jeffrey A. "US will Lack Fiscal Space to Respond when Next Recession Comes." The Guardian, August 28, 2018.

Shops and the City: Evidence on Local Externalities and Local Government Policy from Big-Box Bankruptcies

Shoag, Daniel, and Stan Veuger. "Shops and the City: Evidence on Local Externalities and Local Government Policy from Big-Box Bankruptcies." Review of Economics and Statistics 100.3 (July 2018): 440-453.

Potential vs. Realized Savings under Automatic Enrollment

Beshears, John, James J. Choi, David Laibson, and Brigitte C. Madrian. "Potential vs. Realized Savings under Automatic Enrollment." TIAA Institute, July 2018.

Behavioral Household Finance

Beshears, John, James J. Choi, David Laibson, and Brigitte C. Madrian. "Behavioral Household Finance." Handbook of Behavioral Economics 1 177-276.

Testimony to Hearing on ‘Market Concentration’

Furman, Jason. "Testimony to Hearing on ‘Market Concentration’." Testimony before the Organisation for Economic Co-operation and Development, June 7, 2018.

A Firm-Level Perspective on the Role of Rents in the Rise in Inequality

Furman, Jason, and Peter Orszag. "A Firm-Level Perspective on the Role of Rents in the Rise in Inequality." Toward a Just Society: Joseph Stiglitz and Twenty-First Century Economics. Ed. Martin Guzman. Columbia University Press, 2018.

Slower Productivity and Higher Inequality: Are They Related?

Furman, Jason, and Peter Orszag. "Slower Productivity and Higher Inequality: Are They Related?" June 2018.

The Value of Precision in Probability Assessment: Evidence from a Large-Scale Geopolitical Forecasting Tournament

Friedman, Jeffrey A., Joshua D. Baker, Barbara A. Mellers, Philip E. Tetlock, and Richard Zeckhauser. "The Value of Precision in Probability Assessment: Evidence from a Large-Scale Geopolitical Forecasting Tournament." International Studies Quarterly 62 (June 2018): 410-422.

Identification and Estimation of Dynamic Causal Effects in Macroeconomics Using External Instruments

Stock, James H., and Mark W. Watson. "Identification and Estimation of Dynamic Causal Effects in Macroeconomics Using External Instruments." The Economic Journal 128.610 (May 2018): 917-948.

Liquidity Risk in Sequential Trading Networks

Kariv, S., Maciej H. Kotowski, and C. M. Leister. "Liquidity Risk in Sequential Trading Networks." Games and Economic Behavior 109 (May 2018): 565-581.

Review of Burgundy: People with a Passion for Wine

Stavins, Robert N. Review of Burgundy: People with a Passion for Wine, by Rudi Goldman. Wine Economics, 13.1, Spring 2018: 105-108.

Rethinking the Macroeconomics of Resource-Rich Countries

Arezki, Rabah, Raouf Boucekkine, Jeffrey A. Frankel, and Rick van der Ploeg, eds. Rethinking the Macroeconomics of Resource-Rich Countries. Center for Economic Policy Research, 2018.

The Growth of the World Economy

Jorgenson, Dale W. "The Growth of the World Economy." Productivity Dynamics in Emerging and Industrialized Countries. Ed. Deb Kusum Das. Routledge, 2018, 81-91.

Adapting Tax Systems for Population Aging

Dynan, Karen. "Adapting Tax Systems for Population Aging." Business Economics 53.2 (April 2018): 66-71.

Monopolies, Mergers and Competition Policy

Scherer, F.M. Monopolies, Mergers and Competition Policy. Edward Elgar Publishing, 2018.

Is Technology Hurting Productivity?

Frankel, Jeffrey A. "Is Technology Hurting Productivity?" Korea Herald, March 20, 2018.

Business Leaders Can Reverse the ‘Implosion of Trust’

Born, Dana, and Josh A. Goldstein. "Business Leaders Can Reverse the ‘Implosion of Trust’." Boston Globe, March 15, 2018.

Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy

Aldy, Joseph, Todd Gerarden, and Richard Sweeney. "Investment versus Output Subsidies: Implications of Alternative Incentives for Wind Energy." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP18-012, March 2018.

Gains from Digitization: Evidence from Gift-Giving in Music

Dogan, Pinar, and Marc Bourreau. "Gains from Digitization: Evidence from Gift-Giving in Music." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP18-010, February 2018.

VIX Surge is a Wake-up Call for Investors

Frankel, Jeffrey A. "VIX Surge is a Wake-up Call for Investors." Barron's, February 24, 2018.

Collective Action in an Asymmetric World

Chen, Cuicui, and Richard Zeckhauser. "Collective Action in an Asymmetric World." Journal of Public Economics 158 (February 2018): 103-112.

African Regional Economic Integration: The Emergence, Evolution, and Impact of Institutional Innovation

Juma, Calestous, and Francis Mangeni. "African Regional Economic Integration: The Emergence, Evolution, and Impact of Institutional Innovation." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP18-003, January 2018.

Unequal Rewards to Firms: Stock Market Responses to the Trump Election and the 2017 Corporate Tax Reform

Wagner, Alexander F., Richard J. Zeckhauser, and Alexandre Ziegler. "Unequal Rewards to Firms: Stock Market Responses to the Trump Election and the 2017 Corporate Tax Reform." AEA Papers and Proceedings 108 (January 2018): 590-596.

Trading Networks and Equilibrium Intermediation

Kotowski, Maciej, and C. Matthew Leister. "Trading Networks and Equilibrium Intermediation." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP18-001, January 2018 (Updated June 2019).

High-Priced Drugs in Medicare Part D: Diagnosis and Potential Prescription

Frank, Richard G., and Richard J. Zeckhauser. "High-Priced Drugs in Medicare Part D: Diagnosis and Potential Prescription." January 2018.

On Asymmetric Reserve Prices

Kotowski, Maciej. "On Asymmetric Reserve Prices." Theoretical Economics 13.1 (January 2018): 205-237.

An Efficient Western Energy Imbalance Market with Conflicting Carbon Policies.

Hogan, William W. "An Efficient Western Energy Imbalance Market with Conflicting Carbon Policies." The Electricity Journal 30.10 (December 2017): 8-15.

The Efficiency Consequences of Heterogeneous Behavioral Responses to Energy Fiscal Policies

Houde, Sebastien, and Joseph E. Aldy. "The Efficiency Consequences of Heterogeneous Behavioral Responses to Energy Fiscal Policies." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP17-047, December 2017.

The Design of Environmental Markets: What Have We Learned from Experience with Cap and Trade?

Schmalensee, Richard, and Robert N. Stavins. "The Design of Environmental Markets: What Have We Learned from Experience with Cap and Trade?" Oxford Review of Economic Policy 33.4 (November 2017): 572-588.

Why has Regional Income Convergence in the US Declined?

Shoag, Daniel, and Peter Ganong. "Why has Regional Income Convergence in the US Declined?" Journal of Urban Economics 102 (November 2017): 76-90.

If Many Seek, Ye Shall Find: Search Externalities and New Goods

Kotowski, Maciej, and Richard Zeckhauser. "If Many Seek, Ye Shall Find: Search Externalities and New Goods." American Economic Journal: Microeconomics 9.4 (November 2017): 42-73.

Building Emergency Savings through Employer-Sponsored Rainy Day Savings Accounts

Beshears, John, James J. Choi, J. Mark Iwry, David C. John, David Laibson, and Brigitte C. Madrian. "Building Emergency Savings through Employer-Sponsored Rainy Day Savings Accounts." October 2017.

Linking Heterogeneous Climate Policies (Consistent with the Paris Agreement)

Mehling, Michael A.; Metcalf, Gilbert E.; and Stavins, Robert N. "Linking Heterogeneous Climate Policies (Consistent with the Paris Agreement)." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP17-042, September 2017.

Paths to Convergence: Stock Price Adjustment After the Trump Election Shock

Wagner, Alexander F., Richard J. Zeckhauser, and Alexandre Ziegler. "Paths to Convergence: Stock Price Adjustment After the Trump Election Shock." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP17-039, September 2017 (Updated July 2018).

Terroir in the New World: Hedonic Estimation of Vineyard Sale Prices in California

Cross, Robin, Andrew J. Plantinga, and Robert N. Stavins. "Terroir in the New World: Hedonic Estimation of Vineyard Sale Prices in California." Journal of Wine Economics 12.3 (August 2017): 282-301.

Bad Credit, No Problem? Credit and Labor Market Consequences of Bad Credit Reports

Dobbie, Will, Paul Goldsmith-Pinkham, Neale Mahoney, and Jae Song. "Bad Credit, No Problem? Credit and Labor Market Consequences of Bad Credit Reports." June 2017.

CEO Clarity

Dzielinski, Michal, Alexander F. Wagner, and Richard J. Zeckhauser. "CEO Clarity." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP17-017, May 2017.

Taking My Talents to South Beach (and Back)

Shoag, Daniel, and Stan Veuger. "Taking My Talents to South Beach (and Back)." ÌÇÐÄvlog¹ÙÍø Faculty Research Working Paper Series RWP17-019, May 2017.