Ioana Marinescu
@mioana
Economist @PennSP2, former principal economist Department of Justice #Antitrust Division. #AI ,#Labor, public, IO, macro. Better the world through knowledge
🚨 Excited to announce our paper in @AnnualReviews! 🚨"Monopsony Power in the Labor Market: From Theory to Policy", w. a typology of policies and monopsony models (oligopsony, job differentiation, and search). Co-authored w. @joseazar. annualreviews.org/content/journa… #Monopsony…
Nice to get some recognition from AI optimization people for our efforts to understand the economy as a result of optimization via markets 👇
I have spent a disturbingly large amount of time working on what could be described as neoclassical growth theory - econ style. I thought I had grokked the main branches of optimization. But that stuff is weird. Kudos to all the economists (and in particular @mioana)
🧨 New draft dropped:🧨 "Cash Transfers, Mental Health and Agency: Evidence from an RCT in Germany" maxkasy.github.io/home/files/pap… Companion paper to our paper on basic income and labor supply. Corresponding author Freddie Schwerter (@frewerik). #basicincome #UBI
Thrilled to have found such a fantastic home @QJEHarvard for this paper w/ @kbuzard7 & @LauraKGee! tinyurl.com/5xkefck4
Good to see this one finally in print. Market design for jobs platforms is still grossly understudied given its importance. Glad we could make a modest contribution.
🚨NEW PAPER🚨 w/ Elmendorf & Hubbard. We find: - Growth-enhancing policies almost certainly cannot stabilize federal debt on their own - But such policies can reduce the tax hikes/spending cuts needed to stabilize debt - We need more research here
Is it "good" or "bad" when skilled people leave low-income countries? We summarized the evidence in favor of "brain gain" vs. "brain drain": science.org/doi/epdf/10.11… Ungated PDF: johanneshaushofer.com/research
So excited to witness the opening of a new pedestrian bridge in Philadelphia!!! This was a special preview event and the official opening is on Saturday: schuylkillbanks.org. #Philly proud!
Three centuries ago China tweaked a single rule in its imperial exams—and gave us a natural experiment on affirmative action that still echoes today. 🧵👇
Today, @realDonaldTrump (@WhiteHouse) signed an executive order on drug pricing. Thank you to everyone who pointed out that @shoshievass, Pierre Dubois, and I looked at this sort of policy in our paper. A quick thread on the main results with some important nuance.
Politicians have long called for using reference pricing rules to control US drug prices, but such rules may do more to raise prices abroad than lower them in the US, from Pierre Dubois, @ashdgandhi, and @shoshievass nber.org/papers/w30053
🎉Really looking forward to working with my new postdoc Antoine Germain @ant1germain on #monopsony, public policy and more!!!
JM update: it's been a while that I should have announced here that this summer I'll join @Penn as a postdoc working with @mioana . I really look forward to it and I am immensely grateful to my letter writers for support on this #econjobmarket !
New pod: Something very strange is happening to the labor market for college graduates. Their unemployment is rising much faster than the overall economy—in a way that's unprecedented in the last 40 yrs. And it's not just that. MBA graduates are having a harder and harder time…
Trump complicates the oligarchy story. While most of his 2020 funding (55%) came from the top 10%, that’s the lowest reliance on wealthy of any candidate we studied. Nearly 45% of 2020 donations came from bottom 90%—a remarkable shift for a Republican. 3/ cup.org/4cfm0Az
We tend to think that many scientists just chase funding, switching to whatever is "hot" at the moment. But this study, maybe the only credible one on this topic, concludes otherwise: