My results are consistent with this literature, even though my analysis takes a long-run view, which is I think more novel. ", Michael Peters & Sergei Severinov, 2008. It was a real pleasure to talk with Mohamed El-Erian and cover a wide range of topics from economic . MICHAEL PETERS AUGUST 2022 Contact Department of Economics Yale University 28 Hillhouse Avenue New Haven, CT 06511 eMail: m.peters@yale.edu Academic Appointments 2021-2022 Visiting Scholar, New York University Stern School of Business 180 * 2021: ", Halevy, Yoram & Peters, Michael, 2007. endstream endobj startxref 0 %%EOF 43 0 obj <>stream Michael Peters ; Michael Peters . Phone (613) 533-2250 Fax (613) 533-6668 Email https . For the case of India, service-led growth was an important driver of risingliving standard. . J Blaum, C Lelarge, M Peters. Second, the refugees were allocated to rural areas and not to urban centers. 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. %PDF-1.5 % " Internet auctions with many traders ," Working papers 11, Wisconsin Madison - Social Systems. ", Peters, Michael & Szentes, Balazs, 2009. 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 first months where very discouraging because so little data seemed to have survived. Michael Peters Economics Department, Yale University Verified email at . With leading researchers in economic theory, econometrics, international economics, and macroeconomics, the Economics Department at Penn State is an outstanding department. Professors Peters new paper, published in Econometrica last month, explores a particular historical setting to provide direct evidence for the empirical relevance of these effects. ", Celik, Gorkem & Peters, Michael, 2008. I think there are so many related interesting and important questions to work on. You can help correct errors and omissions. All Rights Reserved. Michael Peters Vancouver School of Economics University of British Columbia 600 Iona Drive Vancouver, Canada V6T 1L4 604-822-4418 peters econ ubc ca. 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. My research interests are in micro theory, especially the theory of competing mechanisms, and the theory of directed search. The breakthrough came at visit to Stanford, when I realized that the Hoover Institute had hundreds of old microfilms of the data the US military government collected in the late 1940s and 1950s. U Akcigit, H Alp, M Peters. He received his PhD from the Massachusetts Institute of Technology (MIT) and held an Assistant Professor position at the London School of Economics before joining Yale. There are two different undergraduate degrees in the College of the Liberal Arts that a student may earn in economics at Penn State. . So, at some point around 2010 I started to explore whether one could compile empirical evidence on this episode. Lack of Selection and Limits to Delegation: Firm Dynamics in Developing Countries . Michael Peters from Yale will present Spatial Structural Change. 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. The findings echo Acemoglu et al. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. For example, after refugee settlement, the manufacturing sector expanded and stayed higher many years after refugees arrived. In the af- termath of the Second World War, 8 million ethnic Germans were expelled from their domiciles in Eastern Europe and transferred to West Germany. A minor in economics is open to students enrolled in any college. A six-time winner of the McKinsey Award for the best Harvard Business Review article of the year, Professor Porter is the most cited author in business and economics. We argue this trend has important consequences for creative destruction, product concentration, and firm dynamics. & Severinov,S., 2001. Virtually all theories of economic growth predict a positive relationship between population size and productivity. 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. ", Celik, Gorkem & Peters, Michael, 2011. In his work on growth and economic geography, he analyzed the long-run consequences of large-scale migration, both in post-war Germany and for the US in the 19th century. 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 Michael Peters Economics Department, . ", Peters, Michael & Severinov, Sergei, 2006. Michael Peters & Sergei Severinov, 2008. The link between market size and productivity has always been a central aspect in the field but there was relatively little empirical work. Ming Xu. My aunt, for example, grew up in the Eastern Territories and had to flee on a horse. Verified email at columbia.edu - Homepage. American Economic Review 111 (1), 231-75, 2021. The estimated model im- plies that the refugee settlement increased aggregate income per capita by about 12% after 25 years and triggered a process of industrialization in rural areas. Michael Peters Economics 1995 This paper explores two models of an economy in which contracts are exchanged. As far as immigration is concerned, there is still lots to understand in terms of the importance of the type of skills immigrants bring. Finally, most of the literature focusing on the link between density and productivity focuses on the effects of positive population shocks. Michael Peters | Yale Economic Growth Center Home People Michael Peters Faculty Associate Professor of Economics Contact P. 203-436-8475 E. m.peters@yale.edu Expertise Development Economics, International Trade, Macroeconomics Website Download C.V. ", Peters, Michael & Severinov, Sergei, 2005. If the link between productivity and population size is different in the service sector, these findings might have little to tell us about the likely effects of immigration today. Michael Peters Economics Department, Yale University Verified email at yale.edu Teresa Fort Associate Professor, Tuck School of Business at Dartmouth, NBER, CEPR Verified email at tuck.dartmouth.edu Peter K. Schott Juan Trippe Professor of Economics, Yale School of Management & NBER & CEPR Verified email at yale.edu At the heart of this analysis are West Germany population censuses for the years 1933, 1939, 1950, and 1961. Cited by. His research mostly focuses on macroeconomics, economic development and growth, and international trade. Allen Head. Please note that most corrections can take a couple of weeks to filter through the various RePEc services. Department of Economics. Economics Department, Yale University. At least three aspects of this study seem particularly context specific. Michael Peters is an Associate Professor of Economics at Yale University and a Faculty Research Fellow at the NBER. 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. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. Queen's University Dunning Hall, Room 209 94 University Avenue Kingston, Ontario K7L 3N6. Yale University - Department of Economics; Yale University - Cowles Foundation. But even within the US there are vast regional differences in the type of migrants that settle in different areas. degree in economics. hb```f``} cf`ah`.d0 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. Students are exposed to detailed descriptions of 'how to' embark on a new venture in a logical manner. His research mostly focuses on macroeconomics, economic development and growth, and international trade. American Economic Journal . Articles Cited by Co-authors. Affiliation: Yale. In his work on growth and economic geography, he analyzed the long-run consequences of large-scale migration, both in post-war Germany and for the US in the 19th century. I am an Associate Professor in the Economics Department at Yale. " An ascending double auction ," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. Before joining Yale University, he held a position at the London School of Economics. 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. Columbia University. Yale. hbbd``b`*@q`$3DY $,> L@)"3` 2 Start your day off right, with a Dayspring Coffee Most demographers expect the global population to decline starting by around 2065. 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. The department offers a program of mentoring for students who want to pursue graduate education in economics (CARE). 2023 National Bureau of Economic Research. All material on this site has been provided by the respective publishers and authors. At the end of the Second World War, the governments of the United States, the United Kingdom, and Russia expelled millions of ethnic Germans from Eastern Europe and transferred them to West Germany and the Soviet Occupied Zone. armed forces vacation club for veterans 082 825 4557; welsh keith brymer jones wife zapperstore.xyz@gmail.com Title. What are the policy implications, if any, of this research? To make corrections to the bibliographic information of a particular item, find the technical contact on the abstract page of that item. About; Graduate; IDE-MA Program; Undergraduate; Events; Research; Centers; P.O. Is the rise of services only due to income effects or can growth be service-led? New research by Yale Economist Michael Peters suggests that a large refugee settlement after World War II had three important consequences: Large and persistent increase in the size of the local population; It spurred local industrialization by increasing labor in the manufacturing sector and decreasing labor in the agriculture sector; and The following articles are merged in Scholar. "Financial Accounting, 10th Edition, by Jamie Pratt and Michael Peters, provides students with a clear understanding of financial accounting by framing accounting processes in the context of. Fertility rates in most of the developed world have already declined below 2 and we see the same trends in developing countries. Footer Menu. We develop a methodology to measure the aggregate effects of input trade that takes such heterogeneity into account. 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. I think we need more work to understand what happens when the population shrinks. Large and persistent increase in the size of the local population; It spurred local industrialization by increasing labor in the manufacturing sector and decreasing labor in the agriculture sector; and. ". Michael Peters. The large inflows led to persistent changes in the sectoral composition of the local economy. Title . 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. For the case of Germany, firm sorting acts as an amplifier of spatial inequality and accounts for. He received his undergraduate degree in Economics at the University of Mannheim and his PhD from MIT. This inflow increased the German population by almost 20%. Peters,M. I would love to see more quantitative work on the consequences of migration that takes such differences into account. 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). 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 Michael Peters Economics Department, Yale University Verified email at yale.edu.
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