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Posts by Lawrence Katz

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WNBA Players Had an Ace Up Their Sleeve in Pay Negotiations: A Nobel Laureate Harvard economist Claudia Goldin helped WNBA players win a nearly 400% raise. Starting this season, players’ average salary will top $580,000.

After Claudia Goldin became the first woman to win a solo Nobel in economics, she got hundreds of invitations.

She accepted three.

One was advising WNBA players on a labor deal. She helped players land the biggest % raise in US sports history.
www.wsj.com/economy/wnba...

3 weeks ago 9288 2126 74 228
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The Macroeconomic Impact of Climate Change: Global Versus Local Temperature* Abstract. This paper estimates that the macroeconomic damages from climate change are an order of magnitude larger than previously thought. Exploiting natu

Recently accepted by #QJE: “The Macroeconomic Impact of Climate Change: Global Versus Local Temperature,” by Bilal (@adrienbilal.bsky.social) and Känzig (@dkaenzig.bsky.social): doi.org/10.1093/qje/...

1 month ago 19 10 0 2
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A Theory of How Workers Keep up with Inflation* Abstract. We develop a model that integrates modern theories of labor market flows with nominal wage rigidities to study the consequences of inflation on t

Recently accepted by #QJE: “A Theory of How Workers Keep up with Inflation,” by Afrouzi, Blanco, Drenik, and Hurst: doi.org/10.1093/qje/...

2 months ago 5 1 0 0
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Automation and Rent Dissipation: Implications for Wages, Inequality, and Productivity* Abstract. This paper studies the effects of automation in a task-based economy in which some jobs pay workers rents—wages above their outside option. We sh

Recently accepted by #QJE: “Automation and Rent Dissipation: Implications for Wages, Inequality, and Productivity,” by Acemoglu and Restrepo: doi.org/10.1093/qje/...

2 months ago 9 2 0 0
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Studying whether low-economic-mobility neighborhoods can be transformed into high-mobility areas through the HOPE VI program, which invested billions to distressed public housing developments, from Chetty, Diamond, Foster, @lkatz42.bsky.social, Porter, Staiger, and Tach www.nber.org/papers/w34720

2 months ago 14 8 0 0
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Opinion | How to Bring Back the American Dream

Here's some good news for a change. One of America's most intractable problems is intergenerational poverty. Now a major new study from @harvard and @OppInsights shows one path to break these cycles of poverty: harness kids to influence kids. www.nytimes.com/2026/01/28/o...

2 months ago 22 5 1 1
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How Do You Identify a Good Manager? Abstract. We introduce and validate a novel approach to identifying good managers. In a pre-registered lab experiment, we causally identify managerial cont

Recently accepted by #QJE: “How Do You Identify a Good Manager?” by Weidmann, Vecci, Said, Bhalotra, Adhvaryu, Nyshadham, Tamayo, and Deming: doi.org/10.1093/qje/...

2 months ago 16 2 0 2
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Congratulations to Natalia Emanuel and Emma Harrington who were recognized for the AEJ Best Paper Award for Applied Economics at #ASSA2026 for the paper “Working Remotely? Selection, Treatment, and the Market for Remote Work.” #econsky www.aeaweb.org/articles?id=...

2 months ago 9 1 0 2
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(Not) Thinking About the Future: Financial Information and Maternal Labor Supply* Abstract. Does information about the long-run financial costs of reduced labor supply increase mothers’ working hours? We document descriptively that long-

Recently accepted by #QJE: “(Not) Thinking About the Future: Financial Information and Maternal Labor Supply,” by Costa-Ramón (@anacostaramon), Slotwinski, Schaede (@ursina), and Brenøe: doi.org/10.1093/qje/...

2 months ago 20 8 0 0
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Changing Opportunity: Sociological Mechanisms Underlying Growing Class Gaps and Shrinking Race Gaps in Economic Mobility* Abstract. We show that intergenerational mobility changed rapidly by race and class in recent decades in the U.S. and study the causal mechanisms underlyin

Recently accepted by #QJE, “Changing Opportunity: Sociological Mechanisms Underlying Growing Class Gaps and Shrinking Race Gaps in Economic Mobility,” by Chetty (@Oppinsights), Dobbie, Goldman, Porter, and Yang: doi.org/10.1093/qje/...

3 months ago 16 4 0 0
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The Price of Housing in the United States, 1890–2006* Abstract. We construct the first annual market rent and home sales price series for American cities over the twentieth century using 2.7 million newspaper

#QJE Feb 2026, #10, “The Price of Housing in the United States, 1890–2006,” by Lyons (@ronanlyons), Shertzer (@econhist-allday), Gray (@econhistoryorbust), and Agorastos: doi.org/10.1093/qje/...

3 months ago 11 4 1 0
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Republican Support and Economic Hardship: The Enduring Effects of the Opioid Epidemic* Abstract. In this article, we establish a causal connection between two of the most salient social developments in the United States over the past decades:

#QJE Feb 2026, #9, “Republican Support and Economic Hardship: The Enduring Effects of the Opioid Epidemic,” by Arteaga (@caroartc.bsky.social) and Barone (@vickybarone.bsky.social): doi.org/10.1093/qje/...

3 months ago 7 4 1 0
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Marginal Returns to Public Universities* Abstract. This article studies the returns to enrolling in U.S. public universities by comparing the long-term outcomes of barely admitted versus barely re

#QJE Feb 2026, #8, “Marginal Returns to Public Universities,” by Jack Mountjoy: doi.org/10.1093/qje/...

3 months ago 14 5 1 0
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Who’s Afraid of the Minimum Wage? Measuring the Impacts on Independent Businesses Using Matched U.S. Tax Returns* Abstract. A common concern surrounding minimum wage policies is their impact on independent businesses, which are often feared to be less able to bear or p

#QJE Feb 2026, #7, “Who’s Afraid of the Minimum Wage? Measuring the Impacts on Independent Businesses Using Matched U.S. Tax Returns,” by Rao (@nirupama.bsky.social) and Risch: doi.org/10.1093/qje/...

3 months ago 7 2 1 1
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Bargaining and Inequality in the Labor Market* Abstract. We use novel surveys of firms and workers, linked to administrative employer-employee data, to study the prevalence and importance of individual

#QJE Feb 2026, #6, “Bargaining and Inequality in the Labor Market,” by Caldwell (@sydneecaldwell.bsky.social), Haegele, and Heining: doi.org/10.1093/qje/...

3 months ago 3 1 1 0
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Traditional Institutions in Modern Times: Dowries as Pensions When Sons Migrate* Abstract. This paper uses newly collected data on the allocation of dowry to examine its role in resolving intergenerational frictions around migration in

#QJE Feb 2026, #4, “Traditional Institutions in Modern Times: Dowries as Pensions When Sons Migrate,” by Bau, Khanna, Low, and Voena: doi.org/10.1093/qje/...

3 months ago 4 1 1 0
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Diversifying Society’s Leaders? The Determinants and Causal Effects of Admission to Highly Selective Private Colleges* Abstract. We use anonymized admissions data from several colleges linked to income tax records and SAT and ACT test scores to study the determinants and ca

#QJE Feb 2026, #2, “Diversifying Society’s Leaders? The Determinants and Causal Effects of Admission to Highly Selective Private Colleges,” by Chetty (@Oppinsights), Deming, and Friedman: doi.org/10.1093/qje/...

3 months ago 5 3 1 0
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Digital Distractions with Peer Influence: The Impact of Mobile App Usage on Academic and Labor Market Outcomes* Abstract. Concerns about excessive mobile phone use among youth are mounting. We present estimates of behavioral and contextual peer effects, along with co

#QJE Feb 2026, #1, “Digital Distractions with Peer Influence: The Impact of Mobile App Usage on Academic and Labor Market Outcomes,” by Barwick, Chen, Fu, and Li: doi.org/10.1093/qje/...

3 months ago 8 5 1 1
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Volume 141 Issue 1 | The Quarterly Journal of Economics | Oxford Academic The official journal of the President and Fellows of Harvard University. The oldest professional journal of economics in the English language, it covers all aspects of the field.

The February 2026 issue of the #QJE is now online here: academic.oup.com/qje/issue/14...

3 months ago 7 2 1 2
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Republican Support and Economic Hardship: The Enduring Effects Of the Opioid Epidemic Abstract. In this paper, we establish a causal connection between two of the most salient social developments in the United States over the past decades: t

Recently accepted by #QJE, “Republican Support and Economic Hardship: The Enduring Effects of the Opioid Epidemic,” by Arteaga (@caroartc.bsky.social) and Barone (@vickybarone.bsky.social): doi.org/10.1093/qje/...

4 months ago 78 30 4 18
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Bargaining and Inequality in The Labor Market* Abstract. We use novel surveys of firms and workers, linked to administrative employer-employee data, to study the prevalence and importance of individual

Recently accepted by #QJE, “Bargaining and Inequality in the Labor Market,” by Caldwell (@sydneecaldwell.bsky.social), Haegele, and Heining: doi.org/10.1093/qje/...

4 months ago 22 6 0 1
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Diversifying Society’s Leaders? The Determinants and Causal Effects of Admission to Highly Selective Private Colleges* Abstract. We use anonymized admissions data from several colleges linked to income tax records and SAT and ACT test scores to study the determinants and ca

Recently accepted by #QJE, “Diversifying Society’s Leaders? The Determinants and Causal Effects of Admission to Highly Selective Private Colleges,” by Chetty (@Oppinsights), Deming, and Friedman: doi.org/10.1093/qje/...

4 months ago 41 16 0 9
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Open letter Click here to add your signature. An Open Letter from Economists in Support of Governor Lisa Cook and Federal Reserve Independence To the President, Members of Congress, and the American public: We wr...

Over 125 economists signed the open letter calling on the President, Congress, and the American public to uphold the principles of Federal Reserve independence and not remove Lisa Cook without due process.

There's still time to sign! And please share.

#EconSky

docs.google.com/document/d/1...

7 months ago 1451 542 12 28
Harvard Professor Stefanie Stantcheva on Zero-Sum Political Thinking
Harvard Professor Stefanie Stantcheva on Zero-Sum Political Thinking YouTube video by Harvard Magazine

The zero-sum mindset seems more and more relevant in the current environment. Thank you @harvardmagazine.bsky.social
for the video where I explain our research on why zero-sum thinking is so important and where it comes from.
www.youtube.com/watch?v=e16o...

1 year ago 83 24 3 2
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“Descended from Immigrants and Revolutionists:” How Family History Shapes Immigration Policymaking* Abstract. Does family history matter for policymaking in democracies? Linking members of Congress to the census, we observe countries of birth for members,

Recently accepted by #QJE, “‘Descended from Immigrants and Revolutionists:’ How Family History Shapes Immigration Policymaking,” by Feigenbaum (@jamesfeigenbaum.bsky.social), Palmer (@maxwellpalmer.com), and Schneer: doi.org/10.1093/qje/...

1 year ago 28 7 0 1
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Episode 113: Peter Hull — Probable Causation Date: March 11, 2025

I had a lot of fun talking to @jenniferdoleac.bsky.social on her Probable Causation podcast about the IGNITE program: an innovative jail-based rehabilitative program in Flint, Michigan

www.probablecausation.com/podcasts/epi...

1 year ago 37 13 2 0
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Micro MPCs and Macro Counterfactuals: The Case of the 2008 Rebates* Abstract. We present evidence that the high estimated MPCs from the leading household studies result in implausible macroeconomic counterfactuals. Using th

Recently accepted by #QJE, “Micro MPCs and Macro Counterfactuals: The Case of the 2008 Rebates,” by Orchard (@jakeorchard.bsky.social), Ramey, and Wieland: doi.org/10.1093/qje/...

1 year ago 10 2 0 0
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Voluntary Minimum Wages: The Local Labor Market Effects of National Retailer Policies* Abstract. Low unionization rates, a falling real federal minimum wage, and outsourcing have hampered wage growth in the low-wage sector in the US for sever

Recently accepted by #QJE, “Voluntary Minimum Wages: The Local Labor Market Effects of National Retailer Policies,” by Derenoncourt and Weil: doi.org/10.1093/qje/...

1 year ago 31 8 0 0
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The Irreparable Damage Being Done to Federal Policy Research and Evaluation - Roosevelt Institute Though their goals obviously differed, Republican and Democratic administrations have for decades relied on the work of social scientists both within and outside the government to conduct research on ...

I wrote a short blog post about the tragedy currently unfolding in the evaluation industry. Trump is destroying vital research capacity and decades of instructional knowledge for pocket change. 1/x

rooseveltinstitute.org/blog/the-irr...

1 year ago 308 143 8 14
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The Exemplary Radical Skeptic Christopher Jencks, one of the Prospect’s founding group, has died.

On the loss of a model of intellectual integrity and courage—Christopher Jencks. He showed us how to wade into troubled waters and come out the stronger for it.
@theprospect.bsky.social prospect.org/health/2025-...

1 year ago 32 10 1 2