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    (October 2023) – Marriage rates have become increasingly stratified by homeownership. We investigate this in a household model where investments in public goods reduce future earnings and, thus, divorce risk creates inefficiencies. Access to a joint savings technology, like a house, collateralizes marriage, providing insurance to the lower-earning partner and increasing specialization, public goods, and value from marriage. We use idiosyncratic variation in housing prices to show that homeownership access indeed leads to greater specialization. The model also predicts that policies that erode the marriage contract in other ways will make wealth a more important determinant of marriage, which we confirm empirically.

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    • Collateralized Marriage https://t.co/4FtASRy7pr via @femonomics et al

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    (Forthcoming Article) – A large body of evidence finds that relative mobility in the US has declined over the past 150 years. However, long-run mobility estimates are usually based on white samples and therefore do not account for the limited opportunities available for non-white families. Moreover, historical data measure the father’s status with error, which biases estimates toward greater mobility. Using linked census data from 1850–1940, I show that accounting for race and measurement error can double estimates of intergenerational persistence. Updated estimates imply that there is greater equality of opportunity today than in the past, mostly because opportunity was never that equal.

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    • Intergenerational Mobility in American History: Accounting for Race and Measurement Error https://t.co/fEc8UOmkwB via @EconZach

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    (Forthcoming Article) – Impact evaluations of behavioral interventions typically focus on target outcomes. Might interventions induce negative spillovers on other behaviors? I run a large field experiment in which individuals receive combinations of messages and incentives promoting two healthy behaviors, meditation and meal logging. I find that the interventions reduce completion rates of the opposite behavior by 19–29%. I find that interventions with larger target effects do not necessarily generate larger negative spillovers, and demonstrate implications for cost-effectiveness analysis. I investigate the mechanisms behind the observed spillovers.

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    • Does promoting 1 hlthy behavior detract from others? Evid from a field experiment https://t.co/DfRUFTusDU via @HebrewU 's #HannahTrachtman Wonder what this means for all those risk factors 4 dementia? @ProfRobHoward @seb_walsh @ajlees @nvillain_alz @LonSchneiderMD @KasperKepp https://t.co/YJ27xYGVul

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    Rising Markups, Rising Prices? by Christopher Conlon, Nathan H. Miller, Tsolmon Otgon and Yi Yao. Published in volume 113, pages 279-83 of AEA Papers and Proceedings, May 2023, Abstract: The rise in markups and market power documented by De Loecker, Eeckhout, and Unger (2020) has recently generated…

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    • Rising Markups, Rising Prices? https://t.co/1plQD9znfD via @conlon_chris et al