Journal Article
Interview: Tyler Cowen
Price, David (2022-04)
Tyler Cowen: On credentialism, the new math of causation, and the lasting economic influence of youthful experiences
Econ Focus , Issue 2Q , Pages 24-28

Journal Article
Interview: Melissa Kearney
Price, David (2023-07)
Over the past two decades, University of Maryland economist Melissa Kearney has been researching economic inequality and mobility, poverty, and children's well-being. She was first drawn to such topics, she says, by her own family's experiences.
Econ Focus , Volume 23 , Issue 3Q , Pages 16-20

Journal Article
Interview: Daron Acemoglu
Price, David (2023-04)
Daron Acemoglu is one of MIT's nine university- wide Institute Professors, the university's highest faculty rank. One of his predecessors, Robert Solow, developed a pathbreaking mathematical model of economic growth in the 1950s. Today, Acemoglu says hurray for economic growth — but is also concerned that choices made by policymakers and companies are channeling the gains from that growth away from workers. And as he sees things, the powerful AI technologies that have come to the fore in the past several years, embedded in products such as ChatGPT, should be regulated with the economic ...
Econ Focus , Volume 23 , Issue 2Q , Pages 22-26

Journal Article
Interview: Annamaria Lusardi
Price, David (2023-01)
Annamaria Lusardi "fell in love" with economics, she says, thanks to a macroeconomics course she took as an undergraduate at Bocconi University in her native Italy. But her career has been focused on a quite different topic — she's a leading researcher in personal finance. How good are the skills and information that individuals bring to their financial decisions? And how can institutions provide them with the skills to make better decisions? These are the questions that have been preoccupying her for the past several decades, most recently as University Professor at George Washington ...
Econ Focus , Issue 1Q , Pages 24-28

Working Paper
Firming Up Inequality
Song, Jae; Guvenen, Fatih; Price, David; von Wachter, Till; Bloom, Nicholas (2018-04-09)
We use a massive, matched employer-employee database for the United States to analyze the contribution of firms to the rise in earnings inequality from 1978 to 2013. We ?nd that one-third of the rise in the variance of (log) earnings occurred within firms, whereas two-thirds of the rise occurred between firms. However, this rising between-firm variance is not accounted for by the firms themselves: the firm-related rise in the variance can be decomposed into two roughly equally important forces?a rise in the sorting of high-wage workers to high-wage firms and a rise in the segregation of ...
Working Papers , Paper 750

Journal Article
Interview: Stephanie Schmitt-Grohé
Price, David (2022-07)
Stephanie Schmitt-Grohé is probably one of the few top-level economics researchers without a college degree. A native of Germany, she enrolled to study economics at the University of Münster. After completing two years of her studies, she was offered a Fulbright scholarship to study in the United States. She left temporarily — or so she thought.
Econ Focus , Volume 22 , Issue 3Q , Pages 24-28

Journal Article
Interview: Angus Deaton
Price, David (2023-12)
When Angus Deaton was an undergraduate in mathematics at the University of Cambridge, he found that the other students were better and more serious mathematicians than he was. He found his attention wandering from his math studies. He later recalled that his advisor, concerned by his lack of focus, finally told him to "take up what they clearly thought of as a last resort for ne'er-do-wells, a previously unconsidered option called economics."Roughly a half century later, in 2015, Deaton was awarded the Nobel Memorial Prize in Economic Sciences — recognized, in the words of the committee, ...
Econ Focus , Volume 23 , Issue 4Q , Pages 18-22

Journal Article
Cover Story: How the Pandemic Era Changed Price-Setting
Price, David; Sablik, Timothy; Wells, Matthew (2023-12)
For consumers, the prices of goods and services may seem to emerge from a black box. But behind those prices are complex judgments that firms are making about demand and about the competition, often based on limited information. Pricing decisions may also reflect uncertain assessments of the future costs of inputs. On top of that are seemingly irrational factors, like consumers' common preference for prices ending in a "9," perceiving $29.99 as markedly more appealing than $30.While price-setting is challenging even in normal times, shocks during the past few years, such as the pandemic and ...
Econ Focus , Volume 23 , Issue 4Q , Pages 8-11

Briefing
School Quality as a Tool for Attracting People to Rural Areas
Price, David; Marre, Alexander W.; Rupasingha, Anil (2020-08)
Many rural localities are interested in strategies for retaining residents and attracting newcomers. Recent research indicates that one promising strategy for rural development is maintaining and improving the quality of an area’s public schools. In this research, which is the first national study of the relationship between school quality and migration flows in and out of rural areas, better outcomes for students in a rural county’s schools were associated with higher migration into that county.
Richmond Fed Economic Brief , Volume 20 , Issue 9 , Pages 4 pgs.

Journal Article
Interview: Pinelopi Goldberg
Price, David (2022-01)
Pinelopi Goldberg: On developing countries, measuring economies by satellite, and the learning crisis.
Econ Focus , Issue 1Q , Pages 22-26