Research

Publications

"The Rise of Pass-Throughs: An Empirical Investigation", with Sebastian Dyrda

Economic Journal, Volume 135(665), January 2025, Pages 387-403.

Published version | Online appendix | Replication files | Download 1982-2015 TLFO transitions

"Demographic Origins of the Startup Deficit", with Fatih Karahan and Ayşegül Şahin

American Economic Review, Volume 114(7), July 2024, Pages 1986-2023.

Published version  |  Online appendix  |  Replication files  |  New York Fed Staff Report 888  |  NBER Working Paper w25874  | [EF&G Slides] [ZEW]

• • Featured  in Washington Center for Equitable Growth  working paper series, June 4, 2019

"The Nature of Firm Growth", with Petr Sedlacek and Vincent Sterk

American Economic Review, Volume 111(2), February 2021, Pages 547-79.

Published version  |  Online appendix  | Replication files  |  Download autocovariance moments  |  CEPR Discussion Paper DP12670

• • Featured in VoxEU "Disappearing gazelles: new evidence from administrative data", May 11 2018

"Grown-up Business Cycles", with Ayşegül Şahin

The Review of Financial Studies, Volume 32(3), March 2019, Pages 1102–47. 

Published version  |  Online appendix  |  Replication files  |  New York Fed Staff Report 707  

"Older and Slower: The Startup Deficit's Lasting Impact on Productivity Growth", with Titan Alon, David Berger, and Rob Dent 

Journal of Monetary Economics, Volume 93, January 2018, Pages 68-85.

Published version  |  Online appendix  |  NBER Working Paper w23875  

"Do Job to Job Transitions Drive Wage Growth over the Business Cycle", with Fatih Karahan, Ryan Michaels, Ayşegül Şahin, and Rachel Schuh 

American Economic Review: P&P, Volume 107(5), May 2017, Pages 353-57.

Online appendix  |  Replication files  

"The Role of Startups in Structural Transformation", with Rob Dent, Fatih Karahan, and Ayşegül Şahin

American Economic Review, P&P, Volume 106(5), May 2016, 

Online appendix  |  Replication files  |  New York Fed Staff Report 762  

"Wealth, Tastes and Entrepreneurship", with Erik Hurst

Chapter in Measuring Entrepreneurial Businesses: Current Knowledge and Challenges, 2017

NBER Working Paper w21644  | BibTeX

"Are Household Surveys Like Tax Forms: Evidence from Income Underreporting of the Self-Employed", with Erik Hurst and Geng Li

Review of Economics and Statistics, Volume 96(1), March 2014, Page 19-33

Published version | Online appendix  |  Replication files  | NBER Working Paper w16527  

"What do Small Businesses Do?",  with Erik Hurst

Brookings Papers on Economic Activity, Fall 2011

Replication files  |  NBER Working Paper w17041  

"The Mistake of 1937: A General Equilibrium Analysis" with Gauti Eggertsson

Monetary and Economic Studies, Volume 24(S1), Dec 2006, Pages 151-190.

Research in Progress

• "The Rise in Pass Throughs: an Empirical Investigation" [preliminary draft]

• "Macroeconomic implications of the rise in pass-throughs" with Sebastian Dyrda [preliminary draft]

• "How to tax Capitalists in the 21st Century" with Sebastian Dyrda [preliminary draft]

• "Liquidity Effects of Unemployment Benefit Extensions: Evidence from Consumer Credit Data" with Rene Chalom, Fatih Karahan and Kurt Mitman [preliminary draft] [slides]

• "How Free is Free Entry" with Fatih Karahan and Ayşegül Şahin

Discussions

• "Coordinated Firm-Level Work Processes and Macroeconomic Resilience" by Kuhn, Luo, Manovskii, Qiu, Carnegie Rochester NYU Conference on Public Policy, November 12, 2022.

• "The Effect of Aging on Entrepreneurship and Aggregate Productivity" by Kodama and Li, ASSA SGE Productivity Session, January 9, 2022.

• "Did the Paycheck Protection Program Hit the Target" by Granja, Makridis, Yannelis, and Zwick, NBER SI Entrepreneurship Meeting, July 19, 2021.

• "Reshaping the Local Marketplace: Financing, Independent Businesses, Large Firms, and COVID” by Maksimovic and Yang, FIRS 2021, June 6, 2021.

• "Job Creation and Survival Among Entrepreneurs: Evidence from the Universe of U.S. Startups" by Fairlie, Miranda and Zolas, NBER Entrepreneurship Working Group, December 7, 2018.

• “Structural Transformation and the Rise of Information Technology” by Gallipoli and Makridis, Carnegie Rochester NYU Conference on Public Policy, November 11, 2017. [published comment]

• “Firming up Inequality” by Bloom, Song, Price, Guvenen and von Wachter, 2016 Cowles Summer Macroeconomics Conference, June 8, 2016.

• “Firm Age, Investment Opportunities and Job Creation” by Adelino, Ma and Robinson, 2016 ASSA Meetings (San Francisco), Jan 4, 2016. 

• “Jobs Incorporated: Incorporation Status and Job Creation” by Astebro and Tag , 6th IZA/Kauffman Foundation Workshop on Entrepreneurship, Sep 16, 2015.

• “Young, Restless, and Creative: Openness to Disruption and Creative Innovation” by Acemoglu, Akcigit, and Celik, 2015 ASSA Meetings (Boston), Jan 5, 2015. 

• “Reallocation in the Great Recession: Cleansing or Not” by Foster, Grim and Haltiwanger, Penn State RDC Conference, April 7, 2014. 

• “House Prices, Collateral, and Self-Employment” by Adelino, Schoar, and Severino, NBER Entrepreneurship Working Group Meeting, Dec 12, 2012. 

• “Direct Estimation of Hidden Earnings” and “Foreign Corporations and the Culture of Transparancy” by Braguinsky, Mityakov and Liscovich, NBER Productivity, Innovation and Entrepreneurship Program Meeting, Mar 16, 2012. 

• “Procurement Auctions with Capacity-Constrained Bidders: Evidence from the Lab” by Saini and Suter, 2011 IIOC Meetings (Boston), April 2011.