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2024 Institute Research Conference

Featuring frontier research to enhance economic opportunity and inclusive growth

October 3, 2024 | 9:30 a.m. – 5:00 p.m. CT
Federal Reserve Bank of Minneapolis
Minneapolis, Minnesota

2024 Institute Research Conference

The Opportunity & Inclusive Growth Institute is pleased to announce its annual Research Conference. This event will feature presentations and critical discussions of the frontier academic research with which the Institute engages. A broad scholarly exchange of ideas around presented papers will be encouraged.

The keynote speaker will be Raphael Bostic, president and CEO of the Federal Reserve Bank of Atlanta. Bostic’s career in public service includes positions at the Department of Housing and Urban Development and the Board of Governors. He also spent many years as a professor at the University of Southern California. His research has spanned many fields, including homeownership, housing finance, neighborhood change, and the role of institutions in shaping policy effectiveness.

The second day of the conference is an Early Career Researchers’ Workshop, which will focus on developing research of scholars who have completed their Ph.D. in the last eight years (from 2016 to 2023).

The organizer of the Institute Research Conference is Amanda Michaud. The 2024 conference program committee members are Sandra Black, Louphou Coulibaly, Diego Daruich, Illenin Kondo, Oksana Leukhina, Amanda Michaud, and Pinghui Wu. The program and photos from last year’s conference can be found here.

Event Details

Federal Reserve Bank of Minneapolis
Minneapolis, Minnesota

This registration is for the livestream only. For inquiries about in-person registration, please email MplsInstitute@mpls.frb.org

Event Agenda

Thursday, October 3

9:30–9:40 a.m.

Welcome

Speaker: Abigail Wozniak, Federal Reserve Bank of Minneapolis

9:40–10:20 a.m.

Keynote and Q&A


Speaker: Raphael Bostic, President and CEO, Federal Reserve Bank of Atlanta
Moderator: Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis

10:25–10:30 a.m.

Research program remarks

Speaker: Amanda Michaud, Federal Reserve Bank of Minneapolis

10:30–11:25 a.m.

The Local Origins of Business Formation [Paper]

Emin Dinlersoz, U.S. Census Bureau; Timothy Dunne, University of Notre Dame; John Haltiwanger, University of Maryland; Veronika Penciakova, Federal Reserve Bank of Atlanta

Presenter: Veronika Penciakova, Federal Reserve Bank of Atlanta [Slides]
Discussant: Erik Hurst, University of Chicago Booth School of Business [Slides]

Session chair: Illenin Kondo, Federal Reserve Bank of Minneapolis

11:35 a.m.–12:30 p.m.

Who Benefits from Retirement Saving Incentives in the U.S.? Evidence on Racial and Intergenerational Gaps in Retirement Wealth Accumulation [Paper]

Taha Choukhmane, MIT Sloan School of Management; Jorge Colmenares, Harvard University; Cormac O’Dea, Yale University; Jonathan Rothbaum, U.S. Census Bureau; and Lawrence D.W. Schmidt, MIT Sloan School of Management

Presenter: Taha Choukhmane, MIT Sloan School of Management [Slides]
Discussant: Nadia Karamcheva, Congressional Budget Office [Slides]

Session chair: Oksana Leukhina, Federal Reserve Bank of St. Louis

12:30–1:45 p.m.

Lunch

1:45–2:40 p.m.

Market Size and Trade in Medical Services [Paper]

Jonathan I. Dingel, University of Chicago Booth School of Business; Joshua D. Gottlieb, University of Chicago; Maya Lozinski, University of Chicago; and Pauline Mourot, Boston University

Presenter: Jonathan I. Dingel, University of Chicago Booth School of Business [Slides]
Discussant: James C. Capretta, American Enterprise Institute

Session chair: Louphou Coulibaly, University of Wisconsin-Madison

2:55–3:50 p.m.

The Place-Based Redistribution of Disability Insurance [Paper]

Amanda M. Michaud, Federal Reserve Bank of Minneapolis; Timothy J. Moore, Purdue University; David Wiczer, Federal Reserve Bank of Atlanta

Presenter: David Wiczer, Federal Reserve Bank of Atlanta [Slides]
Discussant: Kyle Greenberg, United States Military Academy at West Point [Slides]

Session chair: Pinghui Wu, Federal Reserve Bank of Boston

4:00–4:55 p.m.

Bonus Question: How Does Flexible Incentive Pay Affect Wage Rigidity? [Paper]

Meghana Gaur, Princeton University; John Grigsby, Princeton University; Jonathon Hazell, London School of Economics; Abdoulaye Ndiaye, NYU Stern School of Business

Presenter: Abdoulaye Ndiaye, NYU Stern School of Business [Slides]
Discussant: Ernie Tedeschi, Yale Budget Lab [Slides]

Session chair: Diego Daruich, University of Southern California

Jonathan Dingel (Chicago Booth) presents his research at the conference.
Jonathan Dingel (Chicago Booth) presents his research at the conference.

EARLY CAREER RESEARCHERS’ WORKSHOP

The Early Career Researchers’ Workshop will be held Friday, October 4, in person at the Federal Reserve Bank of Minneapolis. This event is an opportunity to provide constructive feedback and networking opportunities to scholars up to 8 years post-Ph.D. Attendance will be by invitation only, and the event will not be recorded or posted later. We encourage you to visit participants’ webpages to engage with their scholarship.

Workshop Agenda

Friday, October 4

9:00–9:15 a.m.

Welcome and breakfast

9:15–10:00 a.m.

Macroeconomics of Mental Health

Boaz Abramson, Columbia Business School; Job Boerma, University of Wisconsin–Madison; and Aleh Tsyvinski, Yale University

Presenter: Job Boerma, University of Wisconsin–Madison
Discussant: Karen Kopecky, Federal Reserve Bank of Cleveland

10:00–10:45 a.m.

Geospatial Heterogeneity in Inflation: The Role of Retailer Dynamics

Seula Kim, Pennsylvania State University; Michael Navarrete, National Bureau of Economic Research

Presenter: Seula Kim, Pennsylvania State University
Discussant: Rajashri Chakrabarti, Federal Reserve Bank of New York

11:00–11:45 a.m.

Risky College Admissions and the (Mis)Allocation of Talent

Ricardo Marto, Federal Reserve Bank of St. Louis; Yaacov Wittman, Cornerstone Research

Presenter: Ricardo Marto, Federal Reserve Bank of St. Louis
Discussant: Grey Gordon, Federal Reserve Bank of Richmond

11:45 a.m.–1:00 p.m.

Lunch

1:00–1:45 p.m.

Alleviating Worker Shortages Through Targeted Subsidies: Evidence from Incentive Payments in Healthcare

Ashvin Gandhi, University of California, Los Angeles; Andrew Olenski, Lehigh University; Krista Ruffini, Georgetown University; Karen Shen, Johns Hopkins University

Presenter: Karen Shen, Johns Hopkins University
Discussant: Andrew Goodman-Bacon, Federal Reserve Bank of Minneapolis

1:45–2:30 p.m.

De Jure versus De Facto Discrimination: Evidence from Racial Covenants

Milena Almagro, University of Chicago Booth School of Business; Aradhya Sood, University of Toronto

Presenter: Aradhya Sood, University of Toronto
Discussant: Daniel Aaronson, Federal Reserve Bank of Chicago

2:30–3:30 p.m.

Small group discussions

Minneapolis Fed President Neel Kashkari, Atlanta Fed President Raphael Bostic, and other attendees at the 2024 conference.
Minneapolis Fed President Neel Kashkari, Atlanta Fed President Raphael Bostic, and other attendees at the 2024 conference.