News and Announcements
Informal transfers are an important form of social insurance. But are they also a tax that dampens the incentive to work? Watch an Econimate video on a new working paper, “The Social Tax: Redistributive Pressure and Labor Supply” by Eliana Carranza, Aletheia Donald, Florian Grosset, Supreet Kaur, 2023.
"Trade and Foreign Labor”, an episode of EqualiTalks, features a conversation with Berkeley Economics Assistat Proffesor Mathilde Muñoz, who studies how trade liberalization interacts with labor market regulations and affects wage inequality. Listen here
NPR's Planet Money interviews Prof. Emi Nakamura to learn how she uses data to untangle some of the oldest mysteries in macroeconomics, about the invisible hand, the consequences of government spending, and the inner workings of inflation. Read more
Inflation since COVID: Supply versus demand, a new paper by Andrea Cerrato and Giulia Gitti.The slope of the Phillips curve dropped to zero during the pandemic but has tripled since March 2021. Demand factors explain around 1.4 out of 5.6 percentage-point increase in CPI inflation. Read more
In a new podcast, Frederico Finan discusses his work studying how vote-buying unfolds on the ground in Paraguay. Finan describes how norms of reciprocity drive voters to opt for politicians who have treated them favorably in the past, and offers advice for how policymakers might disrupt this process to combat election fraud. Listen to the podcast
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.
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