There is mounting evidence that the US economy experienced both a slowdown in “economic dynamism” and an increase in corporate market power in the last two decades. The former manifests itself in a declining firm entry rate, lower measures of aggregate reallocation like job-to-job worker flows and a slowdown in aggregate productivity growth. As for the latter, some recent studies have pointed towards an increase in corporate markups, a decline in the aggregate labor share and a rise in corporate profits and industry concentration. If true, both of these trends have potentially important consequences for welfare and inequality, as well as the future growth trajectory of the U.S. economy.
In particular, students who took the class “Econ 417b. Computational Methods in Economics” or related classes in the math or computer science department and have an interest in gaining a deeper understanding in computational methods are strongly encouraged to apply. Students with an interest in economic growth and macroeconomics would also strongly benefit from this opportunity. We are particularly interested in applicants who are seriously considering applying to graduate school in economics after graduation.