Follow. Office Address 87 Trumbull Street, Room B221 CV Website Michael Peters is an Associate Professor of Economics at Yale University, a Faculty Research Fellow of the National Bureau of Economic Research (NBER) and a Research Affiliate at the Centre for Economic Policy Research (CEPR). American Economic Journal . 19 0 obj <> endobj 28 0 obj <>/Filter/FlateDecode/ID[<70ADE99825F75C65B66EE155A86C2D05>]/Index[19 25]/Info 18 0 R/Length 64/Prev 76524/Root 20 0 R/Size 44/Type/XRef/W[1 2 1]>>stream The findings echo Acemoglu et al. This is, of course, exactly the link between productivity and population that, decades later, features so prominently in Paul Romers work on economic growth or Paul Krugmans work on economic geography. ", Peters, Michael & Troncoso-Valverde, Cristin, 2013. To what extent these findings have a direct relevance for immigration policy today, is a great question. New research by Yale Economist Michael Peters, new paper, published in Econometrica last month, New Research by Michael Peters on the Economic Consequences of Refugee Settlements. 2038 MICHAEL PETERS products and markup-reducing product churning through creative destruction shape the equilibrium distribution of markups. Conor Walsh. All material on this site has been provided by the respective publishers and authors. I am an Associate Professor in the Economics Department at Yale. This particular setting is, of course, close to my heart. [8] A bachelor of arts (ECLBA) or a bachelor of science degree (ECLBS) in economics. All Rights Reserved. He has worked on theories of firm-dynamics, highlighting the role of markups for misallocation, the importance of managerial delegation for firm growth, and the consequences of falling population growth. Michael Peters & Sergei Severinov, 2008. Market Size and Spatial GrowthEvidence From Germany's Post-War Population Expulsions, Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries, Heterogeneous Markups, Growth, and Endogenous Misallocation. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Michael Peters Economics SSRN Electronic Journal 2021 Virtually all theories of economic growth predict a positive relationship between population size and productivity. Title. These findings are quantita- tively consistent with an idea-based model of spatial growth if population mobility is subject to frictions and productivity spillovers occur locally. Market Size and Spatial GrowthEvidence From Germany's Post-War Population Expulsions, Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries, Heterogeneous Markups, Growth, and Endogenous Misallocation. Michael Peters Economics Department, Yale University Verified email at . " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 Tel: (203) 436-8475 Box 21345, New . Negotiation and Take it or Leave it in Common Agency Journal of Economic Theory July 2003, Volume 111, Issue 1, Pages 88-109. . Finally, the 1950s and 1960s were characterized by a secular increase in the manufacturing sector. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Understanding better what the likely economic effects of this unprecedented change are going to be seems very important to me. I would love to see more quantitative work on the consequences of migration that takes such differences into account. Michael Peters, Conor Walsh Economics SSRN Electronic Journal 2019 A growing body of empirical research highlights substantial changes in the US economy during the last three decades. Michael Peters Economics Department, . For the case of India, service-led growth was an important driver of risingliving standard. Michael Peters - Contact Welcome to my website! A research summary and interview look at new work on the economic consequences of a large refugee settlement after World War II. In his research he focuses on economic growth and long-run economic development. . His research mostly focuses on macroeconomics, economic development and growth, and international trade. Being from Germany myself, one hears lots of stories about the WW2 expulsion. Like Tweet Share. & Severinov,S., 2001. There have been few attempts to provide direct evidence on the causal effect of larger scale on productivity growth and to connect such estimates to structural models. Winter, 1983. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Speaker(s) Location. But even within the US there are vast regional differences in the type of migrants that settle in different areas. How do local economies respond to large increases to the size of their population? . ", Halevy, Yoram & Peters, Michael, 2007. Verified email at yale.edu. Footer Menu. At a very general level, I am pretty confident that population density leads to higher productivity and there is a large empirical literature in urban economics that provides evidence for this to be the case. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. This is in stark contrast to most episodes of voluntary migration, both in the modern era and in the past. ", Michael Peters & Sergei Severinov, 1995. What motivated you to take on this research question? Yale Department of Economics. Create your own unique website with customizable templates. In this paper, I study a particular historical episode to provide direct evidence Expand 25 PDF Structural reforms to make the most of demographic change L. Mello Economics 2020 In the rst version contracts are exchanged on a competitive market in which traders expectations concerning conditions Expand 7 View 1 excerpt, references background Game-Playing Agents: Unobservable Contracts as Precommitments M. Katz To estimate the relationship between refugee inflow and local economic development, Professor Peters constructed a data set from original historical sources for more than 500 West German counties since the 1930s. Students who receive a Ph.D. from Penn State and whose doctoral research is excellent have been recruited and sought after by leading academic and research institutions: our Ph.D. students have obtained tenure-track positions at Chicago, Harvard, Johns Hopkins, MIT, Northwestern, NYU, UPenn and many more. Entrepreneurship, by Robert Hisrich, Michael Peters and Dean Shepherd has been designed to clearly instruct students on the process of formulating, planning, and implementing a new venture. This inflow increased the German population by almost 20%. Michael Peters Economics Department, Yale University Verified email at yale.edu. 2 PDF A commitment folk theorem A. Kalai, E. Kalai, E. Lehrer, D. Samet Economics The emergence of new cities in Rural America played a big part for this transition. ", Michael Peters & Sergei Severinov, 2008. Virtual. Before joining Yale University, he held a position at the London School of Economics. targets the more productive firms can be beneficial in poor countries while being harmful in countries close to the economic frontier. I am also a research affiliate at the CEPR and a faculty research fellow at the NBER. First, the German economy had just emerged from the Second World War and firm creation might have been particularly mobile across space. 0q$D~;4} AF@D m endstream endobj 20 0 obj <> endobj 21 0 obj <> endobj 22 0 obj <>stream ", Michael Peters & Ralph A. Department of Economics. 2023 National Bureau of Economic Research. Try again later. Second, the refugees were allocated to rural areas and not to urban centers. These results provide direct evidence on the link between population growth, industrialization, and subsequent income growth. Peters,M. By 1950, about 8 million people had been transferred to West Germany, increasing its population by more than 20 percent. American Economic Review 111 (1), 231-75, 2021. The Geography of Remote Work . See all articles by Michael Peters Michael Peters. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com 6 October, 2021 4:00 pm-6:00 pm. To update listings or check citations waiting for approval, Michael Peters should log into the RePEc Author Service. guided by a fundamental trade-off: Operating in productive locations increases output per worker, but sharing a labor market with other productive firms makes it hard to poach and retain workers. Social Menu. Michael Peters is an Associate Professor of Economics at Yale University, a Faculty Research Fellow of the National Bureau of Economic Research (NBER) and a Research Affiliate at the Centre for Economic Policy Research (CEPR). And they, luckily, had taken pictures of the old census publications, which I could digitize. Michael Peters Economics, Biology 2014 TLDR This paper provides a set of mechanisms that have the property that every outcome that can be supported as a Bayesian equilibrium in a competing mechanism game can be support as an equilibrium in reciprocal mechanisms. Together with my colleague Costas Arkolakis and Sun Kyoung Lee at Michigan, we work on a project on the link between migration and economic development in the US between 1880 and 1920 where we try to carefully measure differences in innovation potential between migrants from different countries. Research. Office Address 87 Trumbull Street, Room B221 CV Website Michael Peters is an Associate Professor of Economics at Yale University, a Faculty Research Fellow of the National Bureau of Economic Research (NBER) and a Research Affiliate at the Centre for Economic Policy Research (CEPR). The US is clearly the prime example of a country that was able to attract high-skilled migrants for a good part of the last 150 years. This work allowed him to quantify the effect of the refugee settlement on aggregate income and study how the government policy of sending refugees to the countryside might ignite and maintain rural industrialization. In his research he focuses on economic growth and long-run economic development. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. However, these gains were heavily skewed toward high-income households living in urban districts. For example, the recent influx of immigrants from Syria to Germany was pre-dominantly directed towards cities. The Bulletin on Retirement and Disability, Productivity, Innovation, and Entrepreneurship, Boosting Grant Applications from Faculty at MSIs, Conference on Research in Income and Wealth, Early Indicators of Later Work Levels, Disease and Death, Improving Health Outcomes for an Aging Population, Measuring the Clinical and Economic Outcomes Associated with Delivery Systems, Retirement and Disability Research Center, The Roybal Center for Behavior Change in Health, Training Program in Aging and Health Economics, Transportation Economics in the 21st Century. These mass migrations also led to a long-term increase in income-per-capita for the aggregate economy: a 10 percent increase in the share of refugees increased income per capita by roughly 56 percent after 15 years, and roughly 12 percent after 25 years. By building a solid foundation in the mechanics of preparing and analyzing financial statements, performance measurement (Return on Equity), and decision-making with the help of data analytics, Financial Accounting, 11th Edition helps students better prepare to be effective and successful business professionals. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . Productive firms thus settle in productive. Yale University - Department of Economics; Yale University - Cowles Foundation. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. What are some exciting areas for further research in this area? . My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. The ensuing expulsion was implemented between 1945 and 1948 and represents one of the largest forced population movements in world history. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. degree in economics. Affiliation: Yale. Using variation across counties, I show that the settlement of refugees had large and persistent effects on the size of the local popula- tion, manufacturing employment, and income per capita.
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