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Mariacristina De Nardi

@mdenardi.bsky.social
5.1K followers 674 following 87 posts

Thomas Sargent Professor of Economics at the University of Minnesota and consultant at the Minneapolis Fed. Views are my own. RT ≠ E. Web page: users.nber.org/~denardim

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Reposted by Mariacristina De Nardi
Minneapolis Fed @minneapolisfed.bsky.social · 28/08/2026
Risks to workers' jobs & earnings have often been chalked up to "productivity shocks" like technology. Research by @oiginstitute.bsky.social 's Orazio Attansio & @m@mdenardi.bsky.social tries a fresh approach to data & finds a good job match is more important. bit.ly/3RV9lxa
Four hands hold illustrated puzzle pieces with anonymous profiles. Each piece connects around a central question mark and speech bubble.
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ROCKWOOL Foundation Berlin @rfberlin.bsky.social · 13/04/2026
How expectations shape labor market decisions: Subjective Earnings and Employment Dynamics by Manuel Arellano, Orazio Attanasio, Margherita Borella, @mdenardi.bsky.social & Gonzalo Paz-Pardo www.rfberlin.com/wp-content/u...
rfberlin.com
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NBER @nber.org · 08/04/2026
Showing how to identify models of earnings and employment dynamics from subjective expectations data, from Manuel Arellano, Orazio Attanasio, Margherita Borella, @mdenardi.bsky.social, and Gonzalo Paz-Pardo www.nber.org/papers/w35027
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Mariacristina De Nardi @mdenardi.bsky.social · 07/04/2026
How much of measured earnings risk is really individual-level productivity risk, and how much reflects sorting, job transitions, and heterogeneity? We show that subjective expectations data help separate these forces.
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Opportunity & Inclusive Growth Institute @oiginstitute.bsky.social · 23/02/2026
Over our lives, we face many risks and choices. Read new working paper from @mdenardi.bsky.social, @johanatch.bsky.social, Borella, & Yang for a life-cycle model w/ single and married individuals jointly choosing labor supply and savings from labor market entry until death  bit.ly/4anebZ5
The image displays a cover for a working paper from the Federal Reserve Bank of Minneapolis Opportunity & Inclusive Growth Institute. The title is "Why Do Households Save and Work?" and the authors are Margherita Borella, Johanna Torres Chain, Mariacristina De Nardi, and Fang Yang.
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Hugo Figueiredo @hcfigueiredo.bsky.social · 16/02/2026
Friends, I'll make @mdenardi.bsky.social 's words my own: Let's make the 19th PEJ Annual Meeting in Aveiro a great one. 3-5 July 2026. Submit your papers and please extend the invitation to all your relevant contacts. All relevant details and further updates here: www.ua.pt/en/pej2026
ua.pt
19th Annual Meeting of the Portuguese Economic Journal - pej2026 - Universidade de Aveiro
July 3-5, 2026
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Opportunity & Inclusive Growth Institute @oiginstitute.bsky.social · 17/02/2026
Over our lives, we face many risks and choices. Read new working paper from @mdenardi.bsky.social, @johanatch.bsky.social, Borella, & Yang for a life-cycle model w/ single and married individuals jointly choosing labor supply and savings from labor market entry until death . bit.ly/4anebZ5
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Opportunity & Inclusive Growth Institute @oiginstitute.bsky.social · 11/02/2026
In new paper, Margherita Borella, @mdenardi.bsky.social, Fang Yang, and @johanatch.bsky.social use a life-cycle model with family structure, labor supply responses, and late-life risks to show bequest motives and medical expense risk are important drivers of aggregate wealth bit.ly/4anebZ5
Cover of a working paper titled "Why Do Households Save and Work?" by Margherita Borella, Johanna Torres Chain, Mariacristina De Nardi, and Fang Yang. The design features a split background with white, gold, and dark blue sections. The logo for the Opportunity & Inclusive Growth Institute at the Federal Reserve Bank of Minneapolis is prominently displayed on the right.
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Mariacristina De Nardi @mdenardi.bsky.social · 09/12/2025
Venetian-style tramezzini
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Mariacristina De Nardi @mdenardi.bsky.social · 05/12/2025
General equilibrium behind the window. Strategic interaction on the windowsill. The chickens are the recurring protagonists of my Intermediate Micro class. The Grinch dropped by for yesterday’s lecture.
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Mariacristina De Nardi @mdenardi.bsky.social · 04/12/2025
Morning photo from my office at the University of Minnesota this morning. Outside temperature -22 degrees Celsius. Time: 6:35 am.
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Mariacristina De Nardi @mdenardi.bsky.social · 26/11/2025
Please submit to this conference to help make it a great one! I will be there, together with Stéphane Bonhomme and Michèle Tertilt. 19th Annual Meeting of the Portuguese Economic Journal - Aveiro, 3-5 July 2026 Deadline: 15 March 2026 Website: lnkd.in/d6Dmdfx7
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Gabriella Conti @gabriconti.bsky.social · 08/11/2025
📍Back from a busy week at the #Fed’s #OIGI in #Minneapolis. Productive time interacting w/ coauthors & researchers + v engaged seminar on workforce in large-scale home visiting. Many thanks to Abigail Wozniak for the invite & to @mdenardi.bsky.social for hosting - had a great time! 🙏
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Aaron Sojourner @aaronsojourner.org · 03/11/2025
How does employer access to prisoners’ labor through work release impact the well-being of those workers & of free workers? New working paper by Sue Helper, Suresh Naidu, Akseli Palomaki, Adam Reich, + me provides evidence, focus on auto manufacturing in AL #EconSky papers.ssrn.com/sol3/papers....
Coercion and Monopsony in Modern American Manufacturing: Evidence from Alabama Prison Labor
Susan Helper Suresh Naidu Akseli Palomaki Adam Reich
Aaron Sojourner

We study coercion and monopsony in contemporary U.S. manufacturing labor markets. We combine administrative data from the Alabama Department of Corrections work release program with a unique survey of workers in the Alabama auto supply chain
where workers report their work-release status. We first present descriptive patterns of work-release labor, finding that the use of incarcerated (i.e., work-release) labor is concentrated in the auto supply industry, especially in the Montgomery area, where
Hyundai’s assembly plant is located. In the survey, the share of plant-level workers who are incarcerated is negatively correlated with non-incarcerated wages. The survey also enables estimation of hypothetical quit elasticities separately among incarcerated
and non-incarcerated workers. Incarcerated workers are estimated to have quit elasticities less than half that of non-incarcerated workers. Because Alabama law requires employers to pay the same wage to incarcerated and non-incarcerated workers in the same jobs, the additional monopsony power introduced by employer access to incarcerated workers creates an incentive and ability for employers to reduce plant-level wages to, and employment of, non-incarcerated workers. We build a quantitative model of firm-specific labor supply that, for incarcerated workers, distinguishes the roles of coercion (the risk of physical harm in prison from not working), wage garnishment that blunts the consumption effect of higher wages, and monopsony (limited mobility across employers). Using it, we estimate effects on free and incarcerated workers’ welfare from i) reforming prison conditions to eliminate violence, ii) eliminating prison labor wage
garnishment, iii) imposing a $15 minimum wage, &iv) abolishing prison labor. Free worker welfare goes up in all scenarios...
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Aaron Sojourner @aaronsojourner.org · 02/11/2025
#EconJMP
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Mariacristina De Nardi @mdenardi.bsky.social · 01/11/2025
I have a truly fantastic Econ PhD job market candidate on the market this year: Francisco Bullano is a macroeconomist whose research bridges public economics and health. His Web page: franciscobullano.com Please look at his job market package very closely.
franciscobullano.com
Francisco Bullano
Francisco Bullano is a PhD Candidate in Economics at University of Minnesota
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Jaap Abbring @jaap.abbring.org · 29/09/2025
#EctJ published its Sept 2025 issue, with @mdenardi.bsky.social's 2024 Sargan Lecture on "Health inequality and health types", Chen Qiu's "Cross-fitted empirical likelihood on semiparametric models" as Editors' Choice of lead article, and 6 more fine contributions academic.oup.com/ectj/issue/2...
academic.oup.com
Volume 28 Issue 3 | The Econometrics Journal | Oxford Academic
Established in 1998 by the Royal Economic Society, The Econometrics Journal promotes the general advancement and application of econometric methods and techniques to problems of relevance to contempor...
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VoxEU @ CEPR @voxeu.org · 15/09/2025
Household saving & labour supply are shaped by various risks throughout the lifespan. M Borella, @mdenardi.bsky.social @fang-yang-econ.bsky.social & @johanatch.bsky.social analyse how these risks interact to better design policy that protects households from shocks. cepr.org/voxeu/column... #EconSky
Household saving and labour supply are shaped by many risks – wages, marriage, health, longevity – as well as bequest motives. This column develops a model that tracks individuals from age 26 through to retirement and death to show how these risks interact to drive economic behaviour. The findings highlight that incorporating risk, and how it differs by gender, marital status, and age, helps design policies that protect households from shocks without distorting work and saving incentives.
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Gabriella Conti @gabriconti.bsky.social · 13/07/2025
🇬🇧A month in London-a great time to reflect & recharge. B4 things ramp up again, a quick recap of May–June 1️⃣ @cesifo.org Area Conference Labor Economics 2️⃣ @kuleuvenuniversity.bsky.social Applied Workshops 3️⃣ @rfberlin.bsky.social Workshop Economics of Aging 4️⃣ Workshop Economics of Risky Behavior
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Mariacristina De Nardi @mdenardi.bsky.social · 10/07/2025
Call for papers
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Mariacristina De Nardi @mdenardi.bsky.social · 03/07/2025
I am grateful to Ed for his mentorship and to SAET for inviting me to give this lecture.
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Mariacristina De Nardi @mdenardi.bsky.social · 07/06/2025
Thank you, Christian — to both you and Jerome Adda — for a fantastic conference and the honor of being a plenary speaker alongside Joseph Hotz. The event was both productive and enjoyable, and your Berlin initiative is truly inspiring!
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ROCKWOOL Foundation Berlin @rfberlin.bsky.social · 05/06/2025
We are kicking off the RFBerlin Workshop on the Economics of Aging with @mdenardi.bsky.social’s keynote lecture on “Health Inequality and Economic Disparities by Race, Ethnicity, and Gender”.
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NBER @nber.org · 06/06/2025
Exploring why households work and save. Bequest motives and risks in wages, medical expenses, and marital dynamics explain 56.9 percent of aggregate wealth and 2.7 percent of aggregate earnings, from Borella, @mdenardi.bsky.social, Yang, and Torres Chain www.nber.org/papers/w33874
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Human Capital HCEO - CEHD @hceconomics.bsky.social · 12/05/2025
HCEO member @gabriconti.bsky.social's paper on how the impact of an early childhood intervention differs with educational attainment polygenic score is now out in @NBER working papers. www.nber.org/papers/w33781
nber.org
Gene x Environment Interactions: Polygenic Scores and the Impact of an Early Childhood Intervention in Colombia
Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...
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Mariacristina De Nardi @mdenardi.bsky.social · 01/06/2025
I learned a lot from this conference and it was fun too!
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Panel Study of Income Dynamics @umpsid.bsky.social · 11/04/2025
Good morning, #PAA2025! Come see us in the Expo Hall at Booth 404 where study staff will be able to help you with your #PSIDdata questions!
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Olivier Simard-Casanova @o.simardcasanova.net · 09/04/2025
Hard endorse
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Climent Quintana-Domeque @climent.bsky.social · 28/03/2025
www.clinicbarcelona.org/en/news/colo...
clinicbarcelona.org
Colonoscopy and faecal occult blood tests are equivalent in detecting colorectal cancer
Researchers at IDIBAPS-Hospital Clínic and Hospital Universitario de Canarias have coordinated a study involving 57,000 people that compares the effectiveness of the two main strategies for screening ...
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Mariacristina De Nardi @mdenardi.bsky.social · 22/03/2025
What a great visit and seminar feedback! Thank you very much for inviting me!
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Hetan Shah @hetanshah.bsky.social · 19/03/2025
Good to see the FT editorial draw attention to this less well known casualty of the US regime - official statistics on.ft.com/43Tejhn
on.ft.com
The White House war on federal statistics
Economists and scientists worry over disappearing data and advisory groups
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Aaron Sojourner @aaronsojourner.org · 04/03/2025
C'mon, Iowa!
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Pau S. Pujolas @paupujolas.bsky.social · 04/03/2025
Guys, a trade collapse today vs the 1930s. We already know the (ugly) answer: onlinelibrary.wiley.com/doi/full/10....
onlinelibrary.wiley.com
THE COST OF TRADE DISRUPTIONS AT DIFFERENT STAGES OF DEVELOPMENT
We study trade disruptions at different stages of development in a two-country, three-sector model of Spain and United Kingdom from 1850 to 2000. The impact of trade disruptions depends on trade open...
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Joshua Mask @joshuafmask.bsky.social · 02/03/2025
doi.org/10.1093/qje/...
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Louis Johnston @ldjeconomics.bsky.social · 02/03/2025
A national cryptocurrency reserve is a scam. It is simply an attempt by those who own cryptocurrency to trade it for US dollars or gold from the Treasury. The federal government will be left holding this bag of hazardous waste.
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Eric Topol @erictopol.bsky.social · 19/02/2025
Our lifestyle and environmental exposures are the predominant influencers of healthy aging and premature mortality, compared with polygenic risk, in the first comprehensive assessment www.nature.com/articles/s41... open-access
nature.com
Integrating the environmental and genetic architectures of aging and mortality - Nature Medicine
Based on a systematic analysis of environmental exposures associated with aging and mortality in the UK Biobank, the relative contributions of such exposures and genetic risk for mortality and a range...
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Christian Stöcker @christianstoecker.de · 17/02/2025
What Europe should do RIGHT NOW: Make it extremely easy for US scientists to get long-term visa, create as many additional research jobs in key areas as possible, create new, generous science and research funds. People are losing their jobs over there NOW. Let‘s welcome them.
What Europe should do RIGHT NOW: Make it extremely easy for US scientists to get long-term visa, create as many additional research jobs in key areas as possible, create new, generous science and research funds. People are losing their jobs over there NOW. Let‘s welcome them.
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Mariacristina De Nardi @mdenardi.bsky.social · 29/01/2025
Some data on the responses to my post on my recent JPE acceptance on the platforms I frequent X: 18 repost, 86 likes (8,117 followers) Blue sky: 0 repost, 10 likes (3.2k followers) LinkedIn: 1 repost, 100 likes (1177 connections) Facebook: 0 reposts, 39 likes (636 friends)
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Mariacristina De Nardi @mdenardi.bsky.social · 28/01/2025
Finally coming out in the JPE: Why Do Couples and Singles Save during Retirement? Household Heterogeneity and Its Aggregate Implications www.journals.uchicago.edu/doi/10.1086/...
journals.uchicago.edu
University of Chicago Press Journals: Cookie absent
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Essen Health Conference @eshconference.bsky.social · 25/01/2025
Friendly Reminder! 🚨6 days left to apply for the Essen Health Conference 2025 ⏰ Submit your work in fields of health, labour or education by 31 January! Find all information about the conference at: udue.de/ehc25
Call for papers for the Essen Health Conference 2025. The Conference will be held from 29-31 May 2025 in Essen, Germany. The conference accepts submissions on themes of Health, Education and Labour. 

Keynote speakers - Farzana Afridi (Indian Statistical Institute), Mariacristina De Nardi (University of Minnesota), and Uwe Sunde (University of Munich).  

Submit your full papers by 31 January 2025 to contact.conference@ibes.uni-due.de 

More information is available at udue.de/ehc25
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Sergio Ocampo @socampdi.bsky.social · 15/01/2025
Checkout this great summary of Nicolò Russo, @mcgeeconomics.bsky.social , @mdenardi.bsky.social , Margherita Borella, and Ross Abram in the @nberpubs.bsky.social bulletin Full text👉https://www.nber.org/brd
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Mariacristina De Nardi @mdenardi.bsky.social · 15/01/2025
Our findings: 1. There is substantial health inequality by race, ethnicity, and gender. At age 55, Black men and women have frailty levels, which could be viewed as "biological age," comparable to those of White men and women 13 and 20 years older, respectively. 1/4 #Econsky
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Essen Health Conference @eshconference.bsky.social · 15/01/2025
Call for Papers for the Essen Health Conference 2025 is out now, with an excellent line-up of international keynotes - Farzana Afridi, Mariacristine De Nardi (@mdenardi.bsky.social), & Uwe Sunde 🗓️Deadline for paper submissions is 31 January 2025🚨 Details here - udue.de/ehc25
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UMN Economics @umn-econ.bsky.social · 13/01/2025
Congratulations to our own Manuel Amador, Jan Werner, Cristina Arellano, Marco Bassetto, as well as Minnesota PhD alum Dirk Krueger on being elected Economic Theory Fellows by the Society for the Advancement of Economic Theory! #UMNEcon #SAET saet.uiowa.edu
saet.uiowa.edu
SAET – Society for the Advancement of Economic Theory
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Mariacristina De Nardi @mdenardi.bsky.social · 07/01/2025
I look forward to this opportunity, thank you!
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Wojtek Kopczuk @wwwojtekk.bsky.social · 27/12/2024
I've learned from today's discourse that "like termites" is a perfectly nice way of describing people you disagree with, and it's tone-policing to think otherwise. Since this is my second language, I was wondering if any of the following should be struck out: vermit, parasite, cockroach, rat, worm?
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Thomas Wilk @thomaswilk-econ.bsky.social · 23/12/2024
Been addicted to making these. #BurntBasqueCheesecakes
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Pietro Biroli @pietrobiroli.bsky.social · 14/12/2024
I'm not an R person, but I totally agree with this point: we're doing students a disservice by teaching them stata. Even worse if you're teaching at a public university: using public money to create consumers for a private company.
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Mariacristina De Nardi @mdenardi.bsky.social · 11/12/2024
Looking forward to a great conference program today!
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Tim Kehoe 🇺🇸🇨🇦🇲🇽🇺🇦 @tkehoe.bsky.social · 07/12/2024
We concluded the semester with a very enjoyable Holiday Party at UMN Econ yesterday afternoon. I am still a bit mystified by what our students think about our department and about economics in general. @umn-econ.bsky.social www.youtube.com/watch?v=sJbD...
youtube.com
UMN Holiday Skit 2024
YouTube video by Павел Коваль
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