Working Papers

From Becker Friedman Institute for Research In Economics
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2020-169: The Distributional Effects of Student Loan Forgiveness

Sylvain Catherine and Constantine Yannelis

2020-168: Open Banking: Credit Market Competition When Borrowers Own the Data

Zhiguo He, Jing Huang and Jidong Zhou

2020-167: Has Persistence Persisted in Private Equity? Evidence from Buyout and Venture Capital Funds

Robert Harris, Tim Jenkinson, Steven Kaplan and Ruediger Stucke

2020-166: When Nurses Travel: Labor Supply Elasticity During COVID-19 Surges

Joshua Gottlieb and Avi Zenilman

2020-164: The Economic Consequences of Bankruptcy Reform

Tal Gross, Raymond Kluender, Feng Liu, Matthew Notowidigdo and Jialan Wang

2020-163: Effects of Welfare Reform on Parenting

Nancy Reichman, Hope Corman, Dhaval Dave, Ariel Kalil and Ofira Schwartz-Soicher

2020-162: Optimal Vaccine Subsidies for Endemic and Epidemic Diseases

Matthew Goodkin-Gold, Michael Kremer, Christopher Snyder and Heidi Williams

2020-161: Aggregate Implications of Firm Heterogeneity: A Nonparametric Analysis of Monopolistic Competition Trade Models

Rodrigo Adão, Costas Arkolakis and Sharat Ganapati

2020-160: Productivity Shocks, Long-Term Contracts and Earnings Dynamics

Neele Balke and Thibaut Lamadon

2020-159: How Would Medicare for All Affect Health System Capacity? Evidence from Medicare for Some

Jeffrey Clemens, Joshua Gottlieb and Jeffrey Hicks

2020-158: Political Polarization and Expected Economic Outcomes

Olivier Coibion, Yuriy Gorodnichenko and Michael Weber

2020-157: An Analysis of Vice President Biden's Economic Agenda: The Long Run Impacts of its Regulation, Taxes, and Spending

Timothy Fitzgerald, Kevin Hassett, Cody Kallen and Casey Mulligan

2020-156: Stock Prices, Lockdowns, and Economic Activity in the Time of Coronavirus

Steven Davis, Dingqian Liu and Xuguang Simon Sheng

2020-155: Reversing the Resource Curse: Foreign Corruption Regulation and Economic Development

Hans Christensen, Mark Maffett and Thomas Rauter

2020-154: How Well Generative Adversarial Networks Learn Distributions

Tengyuan Liang

2020-153: Estimating Certain Integral Probability Metrics (IPMs) Is as Hard as Estimating under the IPMs

Tengyuan Liang

2020-152: A Precise High-Dimensional Asymptotic Theory for Boosting and Minimum-L1-Norm Interpolated Classifiers

Tengyuan Liang and Pragya Sur

2020-151: Mehler’s Formula, Branching Process, and Compositional Kernels of Deep Neural Networks

Tengyuan Liang and Hai Tran-Bach

2020-150: Productivity Versus Motivation in Adolescent Human Capital Production: Evidence from a Structurally-Motivated Field Experiment

Christopher Cotton, Brent Hickman, John List, Joseph Price and Sutanuka Roy

2020-149: Introducing CogX: A New Preschool Education Program Combining Parent and Child Intervention

Roland Fryer, Steven Levitt, John List and Anya Samek

2020-148: Effective Policy Communication: Targets versus Instruments

Francesco D'Acunto, Daniel Hoang, Maritta Paloviita and Michael Weber

2020-147: Powering Work From Home

Steve Cicala

2020-146: Human Capital Depreciation

Michael Dinerstein, Rigissa Megalokonomou and Constantine Yannelis

2020-145: Elections, Political Polarization, and Economic Uncertainty

Scott Baker, Aniket Baksy, Nicholas Bloom, Steven Davis and Jonathan Rodden

2020-144: An Adversarial Approach to Structural Estimation

Tetsuya Kaji, Elena Manresa and Guillaume Pouliot

2020-143: Impact of the COVID-19 Crisis on Family Dynamics in Economically Vulnerable Households

Ariel Kalil, Susan Mayer and Rohen Shah

2020-142: The Political Economics of Non-democracy

Georgy Egorov and Konstantin Sonin

2020-141: Temporary Unemployment and Labor Market Dynamics During the COVID-19 Recession

Jessica Gallant, Kory Kroft, Fabian Lange and Matthew Notowidigdo

2020-140: Private Equity and COVID-19

Paul Gompers, Steven Kaplan and Vladimir Mukharlyamov

2020-139: Firm-Level Risk Exposures and Stock Returns in the Wake of COVID-19

Steven Davis, Stephen Hansen and Cristhian Seminario-Amez

2020-138: Why Does the Fed Move Markets so Much? A Model of Monetary Policy and Time-Varying Risk Aversion

Carolin Pflueger and Gianluca Rinaldi

2020-137: Tapping into Talent: Coupling Education and Innovation Policies for Economic Growth

Ufuk Akcigit, Jeremy Pearce and Marta Prato

2020-136: Fencing Off Silicon Valley: Cross-Border Venture Capital and Technology Spillovers

Ufuk Akcigit, Sina Ates, Josh Lerner, Richard Townsend and Yulia Zhestkova

2020-135: Venture Capitalists and COVID-19

Paul Gompers, Will Gornall, Steven Kaplan and Ilya Strebulaev

2020-134: Inference for Large-Scale Linear Systems with Known Coefficients

Zheng Fang, Andres Santos, Azeem Shaikh and Alexander Torgovitsky

2020-133: COVID-19 Shifted Patent Applications Toward Technologies that Support Working from Home

Nicholas Bloom, Steven Davis and Yulia Zhestkova

2020-132: 60 Million Fewer Commuting Hours Per Day: How Americans Use Time Saved by Working from Home

Jose Maria Barrero, Nicholas Bloom and Steven Davis

2020-131: The Education Gradient in Maternal Enjoyment of Time in Childcare

Ariel Kalil, Susan Meyer, William Delgado and Lisa Gennetian

2020-130: Non-Random Exposure to Exogenous Shocks: Theory and Applications

Kirill Borusyak and Peter Hull

2020-129: The Historical Perspective on the Trump Puzzle: A Review of Barry Eichengreen’s “The Populist Temptation: Economic Grievance and Political Reaction in the Modern Eraâ€

Konstantin Sonin

2020-128: Fifty Shades of QE: Conflicts of Interest in Economic Research

Brian Fabo, Martina Jancokova, Elisabeth Kempf and Lubos Pastor

2020-127: Institutional Change and Institutional Persistence

Daron Acemoglu, Georgy Egorov and Konstantin Sonin

2020-126: Unpaired Kidney Exchange: Overcoming Double Coincidence of Wants without Money

Mohammad Akbarpour, Julien Combe, YingHua He, Victor Hiller, Robert Shimer and Olivier Tercieux

2020-125: On the Use of Outcome Tests for Detecting Bias in Decision Making

Ivan Canay, Magne Mogstad and Jack Mountjoy

2020-124: Reservation Wages and Workers’ Valuation of Job Flexibility: Evidence from a Natural Field Experiment

Kuan-Ming Chen, Ning Ding, John List and Magne Mogstad

2020-123: Measuring the Cost of Living in Mexico and the US

David Argente, Chang-Tai Hsieh and Munseob Lee

2020-122: Doubling Down on Debt: Limited Liability as a Financial Friction

Jesse Perla, Carolin Pflueger and Michal Szkup

2020-121: Uncertainty Spillovers for Markets and Policy

Lars Hansen

2020-120: Dust Bowl Migrants: Identifying an Archetype

Richard Hornbeck

2020-119: The Great Lockdown and the Big Stimulus: Tracing the Pandemic Possibility Frontier for the U.S

Greg Kaplan, Benjamin Moll and Giovanni Violante