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Quiet quitting. RTO. Coffee badging. What this new vocabulary says about your workplace

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Yongseok Shin is featured in the Los Angeles Times on March 4, 2024.

The Work Goes On: Robert Pollak on the “two career problem” and modeling the economics of the family

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Robert Pollak, the Hernreich Distinguished Service Professor of Economics at the Washington University in St. Louis, joins the podcast to discuss his work modeling economic decisions and bargaining within families and how he and his wife, an English professor and American poetry scholar, navigated the “two career problem.”

Micro and Macro Research: Bridging the Divide

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Development economists can complement their research with techniques from across the "micro-macro divide" to improve the policy relevance of their findings.

M. Bumin Yenmez's Research Paper won the Theory Track Paper Award

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Price Discrimination and Public Policy in the US College Market

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Ian Fillmore has been published in The Review of Economic Studies, Volume 90, Issue 3, May 2023.

Congratulations, M. Bumin Yenmez and Ismael Mourifié

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Mourifié and Yenmez received official communication from the Dean's office that their appointment as Professors of Economics with tenure has been approved by the Board of Trustees.

Lots of Hiring, but Not So Much Working

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Yongs Shin quoted about companies resisting layoffs even as economic weakness looms in a Wall Street Journal article.

Gayle installed as John H. Biggs Distinguished Professor in Economics

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On May 17, colleagues, family, and friends gathered in Holmes Lounge to celebrate the installation of George-Levi Gayle, professor of economics, as the John H. Biggs Distinguished Professor in Economics.

Book Fair, For and Against Protest and When it Crosses the Line and Becomes Censorship

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"Book Fair, For and Against Protest and When it Crosses the Line and Becomes Censorship" by Carlo Melzi d'Eril – Giulio Enea Vigevani with a reply by Michele Boldrin in Il Sole 24 ORE on May 21, 2024.

Wages in Italy, reflections on inequalities wages

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Michele Boldrin and Federico Fatello discuss a number of interesting interventions, including that of Ivan Lagrosa in Mondo Economico, which have rekindled the debate on three issues of particular relevance for Italy.

Michele Boldrin: Mutual responsibility does not work and there are plenty of stowaways

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Rep. George Santos has been indicted. Will he face consequences in Congress?

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Steve Fazzari quoted in Politifact on May 15, 2023.

REStud North America Tour 2023 – host venues announced

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REStud North America Tour 2023 – host venues announced

TRIADS announces recipients of seed grant funding

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More than $480,000 in seed grants will support 10 teams of faculty members using advanced computational tools to tackle urgent social issues.

Installation of George-Levi Gayle

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Installation of George-Levi Gayle as the John H. Biggs Distinguished Professor of Economics

Installation of Yongseok Shin

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Installation of Yongseok Shin as the Douglass C. North Distinguished Professor

Does the Banking Sector Turmoil Make a Recession More Likely?

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Steve Fazzari quoted in TIME on March 21, 2023.

How to Lower Your Car Insurance Premiums

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Professor Ian Fillmore was featured in WalletHub's piece about How to Lower Your Car Insurance Premiums.

Congratulations, Ana Babus and SangMok Lee!

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Ana and SangMok received official communication from the dean’s office that their tenure cases were approved by the Board of Trustees.

Announcement of the new chair of the Economics Department

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George Gayle has agreed to serve as chair of the Department of Economics

Is the Tight Labor Market Due to Fewer Workers — or Fewer Hours Worked?

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The labor market remains incredibly tight in the U.S. which usually means fewer people are working. In this case, though, it’s mostly that workers are choosing to work fewer hours. Specifically, higher-earning men have chosen to cut back their hours worked perhaps because the pandemic made them reassess their priorities. That could signal a wider trend toward better work-life balance as more and more workers adjust their work lives to make a similar decision.

Where are the workers? WashU research exposes ‘quiet quitting’ impact on labor shortage

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Last month, Yongseok Shin, professor of economics in Arts & Sciences at Washington University in St. Louis, published a new working paper, “Where Are the Workers? From Great Resignation to Quiet Quitting,” through the National Bureau of Economic Research with graduate students Dain Lee and Jinhyeok Park.

Installation of Limor Golan

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Installation of Limor Golan as the Laurence H. Meyer Professor of Economics

Don’t Blame Covid for the Worker Shortage

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The ranks of American workers are thinning—often because people aged out of the workforce, or never entered it. Their absence could impede the economy’s ability to grow, and make for a less prosperous future.

High-Earning Men Are Cutting Back on Their Working Hours

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While most U.S. workers are putting in fewer hours, men in the top 10% of earners cut back their time on the job the most, according to a new study

Where have all America’s workers gone?

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The supply of workers is at pre-pandemic levels, but demand is far greater

Young, Educated American Men ‘Quiet Quit’ Jobs the Most During Covid

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Dain Lee, Jinhyeok Park, and Yongseok Shin quoted in Bloomberg article on January 9, 2023.

Congratulations, Phil Dybvig

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The Department of Economics congratulates Phil Dybvig, the Boatmen's Bancshares Professor of Banking and Finance in the Olin School of Business and Professor of Economics (by courtesy) in Arts & Sciences, on the 2022 Nobel Prize in Economics he shared with Ben Bernanke and Doug Diamond. Phil has been a generous colleague and an especially supportive mentor for our PhD students. We are all very proud of his accomplishments.

What corporate layoffs tell us about the economy

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Yongs Shin speaks to NPR's Marketplace on September 21, 2022.

Where economics meets criminal justice

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Economist Andrew Jordan uses data analytics to uncover potential bias in the criminal justice system by studying the decisions made by courts, police, and prosecutors.

Job Switchers Are Earning a Lot More Than Those Who Stay

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Yongs Shin was quoted in the Wall Street Journal on July 25, 2022.

Video of April 13 David K. Levine event

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If you were unable to join the event at the Weidenbaum Center, you can watch the event recording at the link provided below: Tale of Two Subsidies: Why the Afghan army did not fight and the Ukrainian army did.

It has gotten harder to give colleges special treatment

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Ian Fillmore quoted in the New York Times on January 14, 2022.

The plant-level view of an industrial policy: The Korean heavy industry drive of 1973

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Industrial policy has divided economists for decades. This column evaluates Korean government's policy of promoting heavy and chemical industries in the 1970s, using plant-level output and productivity data. It shows that output and input use of targeted industries/regions grew significantly faster than those of non-targeted ones. However, total factor productivity did not increase because the misallocation of resources across plants within targeted industries/regions got significantly worse.

Technological Change and Obsolete Skills: Evidence from Men’s Professional Tennis

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WashU Expert: Breaking down the American Rescue Plan

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The American Rescue Plan is a remarkable effort to jump-start the U.S. economy and will lead to very fast growth of the U.S. economy over the next year, according to Steven Fazzari, director of the Weidenbaum Center on the Economy, Government and Public Policy.

St. Louis professors say vaccines could lead to an economic rebound by fall

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Steven Fazzari featured in a KSDK article on February 18, 2021.

The economy is getting even worse for Americans with high school degrees or less education

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Yongseok Shin quoted in a Washington Post article on January 27, 2021.

So You Know What Generation You Belong To — What Does That Even Mean?

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George-Levi Gayle quoted in Discover Magazine article on July 10, 2020.

As virus roars back, so do signs of a new round of layoffs

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Yongseok Shin quoted in The Associated Press article, June 30, 2020.

Weidenbaum Center Incoming Director Steve Fazzari featured guest on PBS Donnybrook Show

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Weidenbaum Center Incoming Director Steve Fazzari is featured guest on PBS Donnybrook Show. In the second half-hour, the regular panel of St. Louis journalists are joined by Steve Fazzari. Fazzari segment starts at 28 minutes, 27 seconds on the video.

Risk of reopening US economy too fast: A W-shaped recovery

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Yongseok Shin quoted in The Associated Press article, May 11, 2020.

Brace Yourself for Some Really Bad Economic News

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Steve Fazzari participates in the economic debate about the effects of the coronavirus, March 31, 2020, St. Louis Post-Dispatch.

The Two Moves Required to Avoid the Collapse of the Italian Economy

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Michele Boldrin participates in the economic debate about the effects of the coronavirus, April 7, 2020, Econopoly.

George-Levi Gayle and Limor Golan have been promoted to full professors.

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The Department of Economics is very happy to announce that George and Limor have been promoted to the rank of Full Professors.

New Appointments for Bruce Petersen and Yongs Shin.

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It is with great pleasure that the Department of Economics can announce that Bruce Petersen has been appointed to be the holder of the Bert and Jeanette Lynch Distinguished Professorship in Economics, and Yongs Shin has been to be holder of the Douglass C. North Distinguished Professorship in Economics. Congratulations to Bruce and Yongs on the wonderful news!

Brace Yourself for Some Really Bad Economic News

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An article from Steven Fazzari on the impact of COVID-19 and the American Economy.

Fostering independent thinking with Yongseok Shin

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Yongseok Shin's former graduate students have gone on to be successful educators, economists, and researchers. Here, Shin shares his mentorship philosophy.

Obituary: Norman Schofield, professor in Arts & Sciences, 75

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Norman Schofield, the William Taussig Professor of Political Economy in Arts & Sciences at Washington University in St. Louis, died Saturday, Oct. 12, 2019, in St. Louis, surrounded by family. He was 75.

Obituary: Fredric Raines, associate professor emeritus, 86

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Fredric Raines, associate professor emeritus of economics in Arts & Sciences at Washington University in St. Louis, died Sunday, Sept. 8, 2019, in St. Louis. He was 86.

BBQ & Byes 2019

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Sending off the Department of Economics' Undergraduate Class of 2019.

Society for Economic Dynamics

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The Department of Economics, along with the Federal Reserve Bank of St. Louis, hosted the annual meeting of the Society for Economic Dynamics (SED) in June.

Steve Fazzari awarded the Arts & Sciences Faculty Leadership Award

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The Distinguished Faculty Leadership Award in Arts & Sciences is awarded to an outstanding faculty member in recognition of exceptional service to the University. The award was established in 2014 by Dean Barbara Schaal.

A Macroeconomic Model of Price Swings in the Housing Market

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The American Economic Review, June 2019 - VOL. 109, NO. 6, JUNE 2019, pp. 2036-72, by Carlos Garriga, Rodolfo Manuelli, Adrian Peralta-Alva

Taxing Family Income: The Effects on Marriage and How Time and Resources are Shared Within Households

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A key question in designing an effective taxation system is whether to tax people individually or jointly within households. In some countries, such as the UK, income tax is based purely on people’s own personal income, regardless of whether they are single or married. In contrast, some countries, such as the United States, tax individuals based on total family income: for a married couple, this means that both spouses are necessarily subject to the same marginal tax rate.

The Fried Egg Golf Podcast

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Episode 118: Ian Fillmore - Economist and co-author of "Technological Change and Obsolete Skills: Evidence from Men’s Professional Tennis", Released Feb 05, 2019

Recent Departmental Promotions

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Congratulations to our recently promoted faculty! They are: Gaetano Antinolfi, Brian Rogers, Jonathan Weinstein, Sudeshna Bandyopadhyay, and Maria Canon.

Buera installed as the Sam B. Cook Professor in Economics

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Professor Buera works in macroeconomics with a focus on macroeconomic development. Read about the installation ceremony and Buera's work in the Record.

Yongseok Shin has been promoted to full professor, effective July

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Congratulations, Professor Shin!

Buera to be the inaugural Sam B. Cook Professor in Economics

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Buera works in macroeconomics, with a focus on macroeconomic development.

Three New Assistant Professors and a Postdoctoral Fellow Join Department

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Meet the newest members of the Department of Economics!