Funds quietly move assets into twin vehicles $550B in 2021 creating flow‑measurement error that distorts core results like flow‑performance sensitivity and smart/dumb‑money tests. https://t.co/0wPsd6rJcP #MutualFunds#EmpiricalFinance
Today we released our new NBER working paper: "Easy A's, Less Pay: The Long-Term Effects of Grade Inflation."
Joint work with Rachel Nesbit, Nolan Pope, and Merrill Warnick.
Grades in U.S. high schools have risen steadily over the past several decades, but the effect is unknown
I have recently crossed the Atlantic after more than a decade in the US, and I'd be happy to share more. (Spoiler: it has been fantastic so far, both as an academic and as a father of three young children) And the food is SO much better! (2/2) https://t.co/rDo03DkNg5
The Finance area of INSEAD is hiring! We are looking for outstanding candidates at any level of seniority.
Job market candidates, please apply!
Seasoned/senior scholars: if you are curious about a potential move to INSEAD, don't hesitate to drop me a line to have a chat (1/2)
BREAKING NEWS
The Royal Swedish Academy of Sciences has decided to award the 2024 Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel to Daron Acemoglu, Simon Johnson and James A. Robinson “for studies of how institutions are formed and affect prosperity.”
#NobelPrize
London Business School appoints Sergei Guriev as Dean. Professor Guriev is currently the Provost of Sciences Po, Paris, and was formerly Chief Economist of the European Bank of Reconstruction and Development. https://t.co/sGncyOBqvC
It's that time of the year again! Rookie hiring season
to get you in the mood, here's some raw footage of a JMC politely deferring questions during the job talk
Just shared a few tips about flyouts with one of my students. I thought these could be useful for everyone who's about to give some talks. 🧵Thread👇below.
(Also feel free to add anything you found useful during your experience!)
@NickRoussanov Make sense. Ensuring comparability between academic fields is indeed one of our central empirical challenges. We will exclude donations to these units and adjust the figure in the next version of the paper. Thank you very much for the suggestion!
@NickRoussanov@momin_rayhan@ChicagoBooth Thank you very much for the question! Donations to Humanities in our data also include donations to fund collections in university-affiliated museums, libraries, etc. Without this type of donations, Humanities would be lower on the X-axis than Econ and CS.
Finance professors get paid more because our students earn more income, with a high possibility of exceptional income and happily pay higher tuition and donate more! 💲💵💹