SI 2026 The Micro and Macro Perspectives of the Aggregate Labor Market
Organized by Philipp Kircher, Guido Menzio, and Giuseppe Moscarini
July 20-23, 2026
Royal Sonesta Hotel, 40 Edwin H. Land Blvd., Cambridge, MA
Monday, July 20
12:00 pm
Lunch
1:00 pm

Job Search, Job Amenities and the Gender Pay Gap

Jason Faberman, Federal Reserve Bank of Chicago
Andreas I. Mueller, University of Zurich
Ayşegül Şahin, Princeton University and NBER
1:50 pm
Break
2:00 pm

Household Search and the Equilibrium Gender Pay Gap

Alessandro Di Nola, University of Birmingham
Leo Kaas, European University Institute
Chiara Lacava, University of Naples Federico II
Haomin Wang, Cardiff University
2:50 pm
Break
3:10 pm

Advising Job Seekers in Occupations with Poor Prospects: A Field Experiment

Michèle Belot, Cornell University
Bart K. de Koning, Vrije Universiteit Amsterdam
Didier Fouarge, University of Maastricht
Philipp Kircher, Cornell University and NBER
Paul Muller, Vrije Universiteit Amsterdam
Sandra Phlippen, Rijksuniversiteit Groningen
4:00 pm
Break
4:10 pm

The Micro and Macro Implications of Early Career Skill Mismatch

Piero De Dominicis, Bocconi University
5:00 pm
Adjourn
Tuesday, July 21
12:00 pm
Lunch
1:00 pm

Monopsony, Markdowns, and Minimum Wages

Ester Faia, Goethe University Frankfurt
Benjamin Lochner, Institute for Employment Research (IAB)
Benjamin Schoefer, University of California, Berkeley and NBER
1:50 pm
Break
2:00 pm

Which Workers Earn More at Productive Firms? Position Specific Skills and Individual Worker Hold-up Power

Justin Bloesch, Cornell University
Birthe Larsen, Copenhagen Business School
Bledi Taska, SkyHive
2:50 pm
Break
3:10 pm

Labor Market Fluidity, On-the-Job Learning, and Career Growth Across Countries

Niklas Engbom, New York University and NBER
4:00 pm
Break
4:10 pm

Search Models of the Business Cycle: Towards a New Synthesis

Patrick J. Kehoe, Stanford University and NBER
Pierlauro Lopez, Federal Reserve Bank of Cleveland
Virgiliu Midrigan, New York University and NBER
Elena Pastorino, Stanford University and NBER
5:00 pm
Adjourn
Wednesday, July 22
12:00 pm
Lunch
1:00 pm

MaCurdy meets McFadden

David W. Berger, Duke University and NBER
Kyle F. Herkenhoff, University of Minnesota and NBER
Jaehun Jeong, Duke University
Simon Mongey, Federal Reserve Bank of Minneapolis and NBER
1:50 pm
Break
2:00 pm

Theory Meets Textual Analysis: Measuring Firm-Level Labor Cost Pressures and Inflation Pass-Through

Aakash Kalyani, Federal Reserve Bank of St. Louis
Serdar Ozkan, Federal Reserve Bank of St. Louis
2:50 pm
Break
3:10 pm

Job Search Technology, Selection, and Hiring

Sadhika Bagga, University of Rochester
Lukas Friedrich Mann, Arizona State University
4:00 pm
Break
4:10 pm

Signals, Interviews, and Hiring in Labor Market Equilibrium

Piero Gottardi, Università Ca' Foscari Venezia
Benjamin Lester, Federal Reserve Bank of Philadelphia
Ryan Michaels, Federal Reserve Bank of Philadelphia
Ronald Wolthoff, University of Toronto
5:00 pm
Adjourn
Thursday, July 23
8:00 am
Coffee and Pastries
8:20 am

Joint morning session with Micro Data and Macro Models
8:30 am

Consumer Search, Market Power, and the Distributional Effects of Inflation

Zachary A. Bethune, Rice University
Shihan Shen, Rice University
9:20 am
Break
9:30 am

Beyond Exposure: Predicting AI Adoption Based on Comparative Advantage

Ilse Lindenlaub, Yale University and NBER
Laura Veldkamp, Columbia University and NBER
Ryungha Oh, The University of Chicago
Alejandra A. Rodriguez, Yale University
10:40 am

Immigration Shocks in the Presence of Income Effects

Pedro Brinca, Nova School of Business and Economics
Hans A. Holter, University of Delaware
Per Krusell, Stockholm University and NBER
Laurence Malafry, University of Oslo
11:30 am
Break
11:40 am

The Implications of Labor Market Heterogeneity for Unemployment Insurance Design

Serdar Birinci, Federal Reserve Bank of St. Louis
Kurt See, National University of Singapore
12:30 pm
Lunch
1:30 pm

A Theory of Firm Wage Dynamics

Marc de la Barrera, IESE Business School
Masao Fukui, Boston University and NBER
2:20 pm
Break
2:30 pm

An Information-based Theory of Monopsony Power

Paulina Restrepo-Echavarria, Federal Reserve Bank of St. Louis
Anton Cheremukhin, Federal Reserve Bank of Dallas
3:20 pm
Adjourn