Research

Publications

"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  |  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.