"Demographic Origins of the Startup Deficit", with Fatih Karahan and Ayşegül Şahin, January 2022 [EF&G Slides], Conditionally accepted at American Economic Review.
Online appendix | New York Fed Staff Report 888 | NBER Working Paper w25874 | BibTeX | [mcmaster]
"Inequality in the The Welfare Costs of Disinflation" with Hannah Rubinton, September 2021.
"Taxes, Private Equity and Evolution of Income Inequality in the U.S." with Sebastian Dyrda, August 2019 [EM3C Slides] [MWM]
"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
"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.
"Comment on `Structural Transformation and the Rise of Information Technology' by Gallipoli and Makridis"
Journal of Monetary Economics, Volume 97, August 2018, Pages 111-15.
Published version | Replication files
Research in Progress
"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
"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.
"Longitudinal Linking of Enterprises in the LBD and SSL", with Robert Dent and Harrison Wheeler, CES‐TN‐2018‐02 .
"Exploring differences in unemployment risk" Liberty Street Economics Blog, November 2015.
"How attached to the labor force are the long term unemployed? " Liberty Street Economics Blog, November 2014.
"Long-term unemployed and the wages of new hires", Liberty Street Economics Blog, November 2014.