Political Leanings in Academic Economics Writing And Its Impact on Policy Recommendations
A New Columbia Business School Study Unveils Connection Between Economists' Political Orientation and Academic Writing in Economics
A New Columbia Business School Study Unveils Connection Between Economists' Political Orientation and Academic Writing in Economics
Oren Cass and Professor Glenn Hubbard Discuss the Challenges and Solutions for an Evolving Capitalist System.
Experts from academia and industry recently gathered for the 3rd Annual Global Business Forum at the Jerome A. Chazen Institute for Global Business to examine the status of globalization and where it might go from here.
At a recent CBS panel, experts from academia, industry, and government discussed the effects of working-from-home on commercial and residential real estate, and the future of cities.
Professor Hubbard is a specialist in public economics, managerial information and incentive problems in corporate finance, and financial markets and institutions. He has written more than 100 articles and books on corporate finance, investment decisions, banking, energy economics and public policy, including two textbooks, and has authored The Wall and the Bridge and coauthored Balance, The Aid Trap, and Healthy, Wealthy, and Wise.
Geoffrey Heal, Donald C. Waite III Professor Emeritus of Social Enterprise at Columbia Business School, is noted for contributions to economic theory and resource and environmental economics. He holds bachelors (first class), masters and doctoral degrees from Cambridge University, where he studied at Churchill College and taught at Christ’s College. He has also taught at Sussex, Essex, Yale, Stanford, École Polytechnique, Stockholm and Princeton. He holds an Honorary Doctorate from the Universite´ de Paris Dauphine.
Wouter Dessein is the Eli Ginzberg Professor of Finance and Economics at Columbia Business School. He served as chair of the Economics division from 2017 until 2021 and as the Editor-in-Chief of the Journal of Law, Economics and Organization from 2013 until 2019.
Frank R. Lichtenberg is Cain Brothers & Company Professor of Healthcare Management in the Faculty of Business Economics at the Columbia University Graduate School of Business; a Research Associate of the National Bureau of Economic Research; and a member of the CESifo Research Network. He received a BA with Honors in History from the University of Chicago and an MA and PhD in Economics from the University of Pennsylvania.
Christian is the Sidney Taurel Associate Professor within the Finance and Economics Division at Columbia Business School. His research focuses on macroeconomics and labor economics, with additional interests in public economics. The common theme behind his research is to understand the determinants of earnings inequality and the role redistributive policies. Before joining Columbia, Christian received a Ph.D. in Economics from Princeton University where he was named a Fellow of Woodrow Wilson Scholars and was awarded the Towbes Prize for Outstanding Teaching.
Andrea Prat is the Richard Paul Richman Professor of Business at Columbia Business School and Professor of Economics at the Department of Economics, Columbia University. After receiving his PhD in Economics from Stanford University in 1997, he taught at Tilburg University and the London School of Economics. He joined Columbia in 2012.
Professor Sicherman analyzes the roles of education, job training, occupational and job mobility, moonlighting and retirement in the formation of careers. He currently studies the various effects of technological change on the U.S. labor market. In addition, Sicherman works with different medical groups on using cost-benefit analysis in medical decision making. A faculty research fellow at the National Bureau of Economic Research, he is the recipient of research grants from the National Science Foundation, the U.S. Department of Labor and the Citicorp Behavioral Science Research Council.
Tommaso Porzio is the Daniel W. Stanton Associate Professor (untenured) of macroeconomics in the Economics Division at Columbia Business School. His research primarily studies the role of human capital for growth and economic development with a focus on understanding the barriers that may prevent individuals from exploiting their talent. His work has been published in the American Economic Review, Econometrica, and the Journal of Political Economy.
Laura Boudreau is an Assistant Director at Columbia Business School. Laura received her Ph.D. from the University of California, Berkeley. Her research focuses on working conditions, labor market institutions, and firm productivity in developing countries. She is especially interested in how the intersection of global supply chains with local institutions affect firms’ and workers’ outcomes.
Professor Stiglitz accepted a joint appointment to a chaired professorship at Columbia Business School, the Graduate School of Arts and Sciences (in the Department of Economics) and the School of International and Public Affairs in the spring of 2001. He was the first Joel M. Stern Faculty Scholar at Columbia Business School from Fall 1999 until Spring 2001. From 1997 to 2000, he served as the World Bank's Chief Economist and Senior Vice President, Development Economics. Prior to that, he served on President Clinton's economic team as a member of the U.S.
Bo Cowgill is an Assistant Professor at Columbia Business School, a research affiliate at CESifo, and a Term Member of the Council on Foreign Relations. His elective, People Analytics and Strategy, won The Aspen Institute's 2019 Ideas Worth Teaching Award. He was also named to Poets and Quants’ 2020 list of Best 40 Business School Professors Under 40.
Laura Doval is the Chong Khoon Lin Professor of Business in the Economics Division at Columbia Business School. She is a microeconomic theorist working in the areas of mechanism design, market design, and information economics. Her work has been published in Econometrica and the Journal of Political Economy.
Professor Doval is also a Research Affiliate at the Centre for Economic Policy Research (CEPR) (Industrial Organization), and an Associate Editor at Theoretical Economics, the Journal of the European Economic Association, and Economic Theory.
Multinational enterprises are at the centre of policy debates in low- and middle-income countries. As some of the most productive and innovative firms in the world, which are at the core of global supply chains, multinational enterprises (MNEs) can accelerate development in the countries hosting them, both directly with their presence, and indirectly through linkages to local economic actors.
Multinational enterprises are at the centre of policy debates in low- and middle-income countries. As some of the most productive and innovative firms in the world, which are at the core of global supply chains, multinational enterprises (MNEs) can accelerate development in the countries hosting them, both directly with their presence, and indirectly through linkages to local economic actors.
Data is the new oil. It is the fuel for AI, a firm asset, a strategic advantage, information for prediction, a productivity booster, a privacy concern, a by-product of transactions, and a means of payment. How can we update traditional economic and finance frameworks to include a role for data and use these updated frameworks to measures it economic impact?
Social movements are catalysts for crucial institutional changes. To succeed, they must coordinate members’ views (consensus building) and actions (mobilization). We study union leaders within Myanmar’s burgeoning labor movement. Union leaders are positively selected on both ability and personality traits that enable them to influence others, yet they earn lower wages. In group discussions about workers’ views on an upcoming national minimum wage negotiation, randomly embedded leaders build consensus around the union’s preferred policy.
We study the aggregate and heterogeneous effects of a front-of-package labeling policy implemented in Chile. We find that consumers reduced their sugar and caloric intake by 9% and 6%, reductions explained by consumers purchasing healthier products and firms reformulating their offerings. On the demand side, labels prompt consumers to substitute within categories rather than between categories. Within-category responses are more pronounced when labels provide new information.
We study the effects of competition by state-owned firms, leveraging the decentralized entry of public pharmacies to local markets in Chile. Public pharmacies sell the same drugs at a third of private pharmacy prices, because of stronger upstream bargaining and market power in the private sector, but are of lower quality. Public pharmacies induced market segmentation and price increases in the private sector, which benefited the switchers to the public option but harmed the stayers.
Climate change is beset with unpleasant surprises. Yields of maize (corn), wheat, rice and soya beans all fall precipitously when temperatures exceed certain thresholds — for example, 29 °C for maize. These four staple crops together account for 75% of the calories consumed by humans, so the non-linear temperature dependence of their yields calls for rapid action to avoid the tipping points, either by limiting the carbon dioxide emissions that are warming the planet or by relocating crop fields on a vast scale — probably both.
Hotter temperature can reduce labor productivity, work hours, and labor income. The effects of heat are likely to be a joint consequence of both exposure and vulnerability. Here we explore the impacts of heat on labor income in the US, using regional wealth as a proxy for vulnerability. We find that one additional day >32 °C (90 °F) lowers annual payroll by 0.04%, equal to 2.1% of average weekly earnings. Accounting for humidity results in slightly more precise estimates.
This paper explores how discontinuities created by national borders can influence development across the Americas. We exploit the discontinuous nature of borders jointly with exogenous variation at the national level to identify discontinuous effects on proxies for economic development at the regional and pixel levels. We separate the effects of national institutions from local historical conditions. Our analysis yields three main findings. First, we find important discontinuities in development across national borders for the Americas.