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Job Search and Impatience

Journal of Labor Economics 2005 23(3), 527-588 open access
How does impatience affect job search? More impatient workers search less intensively and set a lower reservation wage. The effect on the exit rate from unemployment is unclear. In this paper we show that, if agents have exponential time preferences, the reservation wage effect dominates for sufficiently patient individuals, so increases in impatience lead to higher exit rates. The opposite is true for agents with hyperbolic time preferences: more impatient workers search less and exit unemployment later. Using two large longitudinal data sets, we find that various measures of impatience are negatively correlated with search effort and the exit rate from unemployment, and are orthogonal to reservation wages. Overall, impatience has a large effect on job search outcomes in the direction predicted by the hyperbolic discounting model.

Bottlenecks for Evidence Adoption

Journal of Political Economy 2024 132(8), 2748-2789 open access
Governments increasingly use RCTs to test innovations, yet we know little about how they incorporate results into policy-making. We study 30 U.S. cities that ran 73 RCTs with a national Nudge Unit. Cities adopt a nudge treatment into their communications in 27% of the cases. We find that the strength of the evidence and key city features do not strongly predict adoption; instead, the largest predictor is whether the RCT was implemented using pre-existing communication, as opposed to new communication. We identify organizational inertia as a leading explanation: changes to pre-existing infrastructure are more naturally folded into subsequent processes.

Voting to Tell Others

Review of Economic Studies 2017 84(1), 143-181 open access
Why do people vote? We design a field experiment to estimate a model of voting “because others will ask”. The expectation of being asked motivates turnout if individuals derive pride from telling others that they voted, or feel shame from admitting that they did not vote, provided that lying is costly. In a door-to-door survey about election turnout, we experimentally vary (1) the informational content and use of a flyer pre-announcing the survey, (2) the duration and payment for the survey, and (3) the incentives to lie about past voting. The experimental results indicate significant social image concerns. For the 2010 Congressional election, we estimate a value of voting “to tell others” of about $$$15, contributing 2 percentage points to turnout. Finally, we evaluate a get-out-the-vote intervention in which we tell potential voters that we will ask if they voted.

Gender Differences in Peer Recognition by Economists

Econometrica 2022 90(5), 1937-1971 open access
We study the selection of Fellows of the Econometric Society, using a new data set of publications and citations for over 40,000 actively publishing economists since the early 1900s. Conditional on achievement, we document a large negative gap in the probability that women were selected as Fellows in the 1933–1979 period. This gap became positive (though not statistically significant) from 1980 to 2010, and in the past decade has become large and highly significant, with over a 100% increase in the probability of selection for female authors relative to males with similar publications and citations. The positive boost affects highly qualified female candidates (in the top 10% of authors) with no effect for the bottom 90%. Using nomination data for the past 30 years, we find a key proximate role for the Society's Nominating Committee in this shift. Since 2012, the Committee has had an explicit mandate to nominate highly qualified women, and its nominees enjoy above‐average election success (controlling for achievement). Looking beyond gender, we document similar shifts in the premium for geographic diversity: in the mid‐2000s, both the Fellows and the Nominating Committee became significantly more likely to nominate and elect candidates from outside the United States. Finally, we examine gender gaps in several other major awards for U.S. economists. We show that the gaps in the probability of selection of new fellows of the American Academy of Arts and Sciences and the National Academy of Sciences closely parallel those of the Econometric Society, with historically negative penalties for women turning to positive premiums in recent years.

Estimating Social Preferences and Gift Exchange at Work

American Economic Review 2022 112(3), 1038-1074 open access
We design three field experiments to estimate how workers' social preferences toward their employer motivates their work effort. We vary the pay rates offered to workers, the return to the employer, and employer generosity demonstrated via unexpected gifts. Workers exert effort even without private incentives, but their effort is insensitive to the return to the employer. This is consistent with “warm glow” but not pure altruism. The gifts have no effect on productivity, but engender extra work. This difference is explained partly by the finding that extra work is much more responsive to incentives than is productivity.