(1/13) 🚨 New paper alert 🚨 "The Worker and Firm Origins of Life-Cycle Wage Inequality" (with @XinchengQiu and Jesse Wedewer @DukeEcon) Draft available here: 🧵⬇️ jessewedewer.com/Qiu_Wedewer…

Had to share it :-) Our paper "The redistributive power of business cycle fluctuations" accepted for NBER Summer Institute. Next to papers of M.Woodford T.Sargent @JesusFerna7026 J.Gali @IvanWerning @FlorinBilbiie and many others. nber.org/conferences/si-2026…. Thanks to @NCN_PL

1/ new paper w/ @pascalpaul and @vediense: Stabilization vs. Growth When firms in distress are saved, the economy may become more stable in the short run, at the cost of long-run growth. We study this trade-off in a model w/ fluctuations, endogenous growth, and heterog. firms

The H1-B visa fee is a good example of a policy that is justified on dubious claims empirical claims but and in fact engenders long run harms to the US economy. The assertion that H1-B recipients reduce domestic wages is debunked in this very careful paper by Michael Clemens @m_clem Immigrant-Native Wage Gaps and Immigration Tariffs: Examining the Case for an H-1B Visa Tax iza.org/publications/dp/1843… In contrast, the H1-B has been a consistent source of international talent for the United States. This recent literature synthesis by Gaurav Khanna @econgaurav From Asia, with Skills pubs.aeaweb.org/doi/pdfplus/… is terrific on the general value of high skilled immigrants to the economy and discusses several of the main studies of the economic effects of H1-B recipients.

📢 New paper w/ @GregWKaplan 🧵1/10 How small is “small” for local-linear methods to deliver reliable answers in heterogeneous-agent models of fiscal stimulus? Our answer: very small.

Great pleasure to present my keynote "Natural Language and Labor Markets" at the Berlin Labor Economics Workshop @DIW_Berlin. I explored how NLP, LLMs, and GenAI help measure previously unobservable concepts such as worker rights or educational content. Thanks for having me!

Excited to see our paper on profit sharing forthcoming in the @QJEHarvard

Very happy to be in Amsterdam for the SaM Annual conference 2026! Haomin Wang will present our paper "Household Search and the Equilibrium Gender Pay Gap", joint with Leo Kaas and @chiaralac Looking forward to an exciting programme and many great chats on search and matching!

Here is the conference program mnmacro.github.io/program/

Analyzing intergenerational mobility of wealth and income across US counties, highlighting spatial differences due to factors such as house prices and the Great Recession shock, from Ariel J. Binder, Max Risch, and @john_voorheis nber.org/papers/w35219

My paper "Work Hours Mismatch" with @MartaLachowska @raffaelesaggio and Steve Woodbury is now in print at Econometrica.