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NBER

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The National Bureau of Economic Research is dedicated to conducting and disseminating nonpartisan economic research. nber.org

Finding a core tension in active asset management: skilled managers generate performance through policy insights while attracting flows through sentiment alignment, from Zhenyu Gao, Wei Xiong, and Jian Yuan www.nber.org/papers/w35528

000

Examining how networks formed through college athletics influence the early-career trajectories of Ivy League graduates, from Paul Gompers, George Hu, Will Levinson, and Sachin Srivastava www.nber.org/papers/w35527

0124

When deliberation noise varies systematically between individuals, accounting for decision processes is essential to accurately determining preferences, from Cesar Chavez Padilla, Shuaizhang Feng, James J. Heckman, and Zhe Yang www.nber.org/papers/w35526

021

Investigating whether, by providing better and more timely information, the first mandatory online reporting and auditing program for wastewater discharge releases in the US improved facility compliance and environmental performance, from Gray, Shadbegian, and Wolverton www.nber.org/papers/w35525

000

Studying Canada’s unemployment insurance system, where benefit duration increases discretely when prior hours worked crosses various thresholds, from @yourfriendlen.bsky.social and Simon Quach www.nber.org/papers/w35524

000

Higher immigration rates predicted higher labor productivity growth across OECD countries over the period 1990–2024, from Gaetano Basso, Mitali R. Mathur, and Giovanni Peri www.nber.org/papers/w35523

0112

In India’s 4G rollout, spillovers across phones and networks shape entry and product variety. Policies that curb foreign firms can weaken the complementary market and backfire, from Chirantan Chatterjee, Ying Fan, and Debi Prasad Mohapatra www.nber.org/papers/w35522

020

Machine learning lets lenders predict who's profitable, boosting margins 7–9 percentage points, but cuts out women and poorer borrowers. Heterogeneous treatment effects on borrowers inconclusive, from Athey, Fava, @deankarlan.bsky.social, Osman, and Zinman www.nber.org/papers/w35521

011

Examining the rapid expansion and convergence of retail betting markets, from Scott R. Baker, Justin Balthrop, Mark J. Johnson, Jason D. Kotter, and Kevin Pisciotta www.nber.org/papers/w35520

033

Sustainable investing that shifts capital from “brown” to “green” firms can backfire, making brown firms more brown without making green firms more green, from Samuel M. Hartzmark and Kelly Shue www.nber.org/papers/w35519

000

Once the price of passive equity stakes to the government and a firm's policy exposure are determined in equilibrium, the owners' consent reveals nothing about whether they benefit, from @joshgans.bsky.social www.nber.org/papers/w35518

021

Providing causal estimates of the global social returns to US public R&D. A shock equal to 1 percent of the federal R&D capital stock raises foreign total factor productivity by 1 percent within 12 years, from De Souza, Fieldhouse, Mertens, Nath, and Ramey www.nber.org/papers/w35517

061

Quantifying the price and distributional impact of the nationwide disclosure of property-level flood risk from First Street data on US housing platforms, from Stephen B. Billings, Sophie Calder-Wang, and Weiling Liu www.nber.org/papers/w35516

011

Paul Goldsmith-Pinkham, Associate Professor of Finance at the Yale School of Management, presented "Using AI in Household Finance Research: A Practical Guide" at the Household Finance Conference during the 2026 Summer Institute. www.youtube.com/watch?v=c5g6...

1184

University licensing contracts shape value capture by allocating control over technologies’ future development and commercialization, rather than price alone, from Anparasan Mahalingam and Matthew J. Higgins www.nber.org/papers/w35515

010

How does subsidized childcare impact the long-run careers of mothers? Evidence from Quebec's universal childcare program shows an enduring and growing impact with higher earnings, from Michael Baker, Jonathan Gruber, and Kevin S. Milligan www.nber.org/papers/w35514

1215

Industry distress predicts lower returns beyond firm-level distress: industry left-tail risk weakens competition-distress feedback, thus reducing negative discount-rate exposure, from Hui Chen, Winston Wei Dou, Hongye Guo, and Yan Ji www.nber.org/papers/w35513

021

Sanctions cut Venezuela's oil output by two-thirds and made every remaining barrel two-and-a-half times dirtier; surviving fields ran past capacity and cut maintenance, from Michele Fioretti, Kavanaugh FitzPatrick, and Alessandro Iaria www.nber.org/papers/w35512

021

Open call for papers, The Economics of Firearm Markets, Crime, and Gun Violence. Conference to be held in Cambridge, MA on February 6, 2027. Submit papers by 11:59pm EDT on October 28, 2026. More information: www.nber.org/calls-papers...

042

Globally, consumers who rely on local signals such as grocery bills form more biased expectations, with trust in economic institutions shaping information choice, from Francesco D’Acunto and Michael Weber www.nber.org/papers/w35511

020
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