News and Announcements
"Rethinking Capital and Wealth Taxation," a new paper by UC Berkeley's Stone Center directors Emmanuel Saez and Gabriel Zucman, as well as Thomas Piketty, reviews recent developments in the theory and practice of optimal capital taxation, recommending progressive inheritance tax, in addition to progressive income and wealth taxes. Read more
“There often aren’t enough data points in the macro data to make convincing arguments about causality. Looking at micro data is a natural way to expand the dataset.” Internatioal Monetary Fund News interviews Emi Nakamura, Chancellor's Professor of Economics, who delves into details to answer big questions. Read more
Berkeley Economics Ph.D. Graduates are now on the job market. View all job market candidates
Watch the recording of the annual Bernard Moses Memorial Lecture with Professor of Public Policy and Economics Hilary Hoynes, "The Social Safety Net as an Investment in Children". Watch the video
A new academic fellowship program funded by UC Berkeley’s Haas School of Business and the Department of Economics will help Ukrainian scholars persevere with their work through the hardships of the war. Scholars located in Ukraine and affiliated with a university, college, or research institute can apply for $5,000 grants to continue with their research and teaching. The $140,000 fund, granted equally by Berkeley Haas and Berkeley Economics, will help sustain up to 28 Ukrainian academics. Read more
Why do people choose to go to college (or not)? What impact do race-based or financial aid policies have on higher education and the broader economy? In an episode of the Matrix Podcast, Julia Sizek spoke with two Berkeley Economics alumni, Maximilian Müller and Zach Bleemer, whose research focuses on the economic impacts of higher education. Listen to the interview
Research and Teaching
A new article by by Ellora Derenoncourt, Claire Montialoux, published in the The Quarterly Journal of Economics, February 202. Minimum Wages and Racial Inequality. The earnings difference between white and black workers fell dramatically in the United States in the late 1960s and early 1970s. This article shows that the expansion of the minimum wage played a critical role in this decline. Read more
New paper by Kimberly Clausing, Emmanuel Saez, and Gabriel Zucman: Ending corporate tax avoidance and tax competition: a plan to collect the tax deficit of multinationals. Read the paper
A new paper by Isabel Z. Martinez, Emmanuel Saez, and Michael Siegenthaler estimates intertemporal labor supply responses to two-year long income tax holidays staggered across Swiss cantons. Read more
Through analysis of the Band for International Settlements (BIS) Annual Economic Reports, Professor Barry Eichengreen traces the BIS’s views on exchange rates, capital flows and financial cycles in a new book. Read more
An innovative experiment in rural India targeted alleviating financial stress on short-term workers and fascinatingly, found a substantial increase in productivity for workers who have their financial strain eased by receiving part of their salary mid-way through their contract. By Berkeley Economics Professor Supreet Kaur. Read more
We're proud to share that Berkeley Economics professors Emi Nakamura and Chris Shannon were elected to join The American Academy of Arts and Sciences, which recognizes the outstanding achievements of individuals in academia, the arts, business, government,and public affairs. Congratulations! To learn more about their work and of all UC Berkeley faculty members elected, read more.
FEATURED ARTICLE
Congratulations to Quantedge Presidential Professor Yuriy Gorodnichenko, winner of the R. K. Cho Economics Prize. One of the most prestigious awards to economists, the It has been awarded to scholars in the field of economics who have contributed to the development of scholarship and education. Prof. Gorodnichenko gave a commemorative lecture titled "The Subjective Inflation Expectations of Households and Firms: Measurement, Determinants, and Implications," explaining the fully informed and rational expectation hypothesis commonly accepted in macroeconomics and introducing a study on consumer and business expectation inflation to verify it empirically. Read more
