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 Siconolfi teaches the core course Managerial Economics. He works with general equilibrium theory, information theory and dynamic models in monetary theory. His main contributions deal with the equilibrium properties of incomplete market economies, the existence of sunspot equilibria and the informativeness of equilibrium prices. Recently, he has also examined the dynamic efficiency of a social security system in the context of an overlapping generations model.
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.
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.
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.
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.
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.
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.
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.
Professor Bartel is the Merrill Lynch Professor of Workforce Transformation at Columbia Business School and the Director of Columbia Business School's Workforce Transformation Initiative. She is an expert in the fields of labor economics and human resource management and has published numerous articles on employee training, human capital investments, job mobility, and the impact of technological change on productivity, worker skills, and outsourcing decisions. Bartel received the 1992 Margaret Chandler Award for Commitment to Excellence in teaching.
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.
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.
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?
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.
With its fixation on equilibrium thinking and an exclusive focus on market factors that can be precisely measured, the neoclassical orthodoxy in economics is fundamentally unequipped to deal with today's biggest problems. Change within the discipline is underway, but it cannot come fast enough.
Pricing greenhouse-gas (GHG) emissions involves making tradeoffs between consumption today and unknown damages in the (distant) future. While decision making under risk and uncertainty is the forte of financial economics, important insights from pricing financial assets do not typically inform standard climate–economy models. Here, we introduce EZ-Climate, a simple recursive dynamic asset pricing model that allows for a calibration of the carbon dioxide (CO2) price path based on probabilistic assumptions around climate damages.
Being a successful manager or entrepreneur in the media and digital sector requires creativity, innovation, and performance. It also requires an understanding of the principles and tools of management. Aimed at the college market, this book is a short, foundational volume on media management. It summarizes the major dimensions of a business school curriculum and applies them to the entire media, media-tech, and digital sector. Its chapters cover—in a jargonless, non-technical way—the major functions of management.