Stefanie Stantcheva @S_Stantcheva
Professor of Economics @Harvard. Inequality, taxation, innovation & how people understand economic policies. Theory+data. https://t.co/naCOmtDvtM scholar.harvard.edu/stantcheva/home Joined January 2018-
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Americans aren't feeling too great about the path of inflation. The median participant surveyed by @S_Stantcheva said inflation last year was 5%, somewhat higher than its true rate. They also don't expect much improvement this year. Read more: brookings.edu/articles/why-d…
Starting in 30 minutes!
Most Americans don't believe that wage increases come close to offsetting inflation, @S_Stantcheva finds in a new paper. Four-in-five of those who she surveyed believe that prices systematically climb faster than their pay. Read more here: brookings.edu/articles/why-d…
NBER Political Economy meeting is streaming in 10 min. today. Join us! youtube.com/@NBERvideos?fe…
Three years later, and this little microeconomist is still pretending to be a macroeconomist and writing on inflation. Check out my latest @Forbes column on @S_Stantcheva's @nberpubs working paper. forbes.com/sites/katebahn…
Why do people hate inflation? Thanks for covering my work @LipstickEcon! forbes.com/sites/katebahn…
Great line-up of papers for the @nberpubs Public Econ meetings today and tomorrow. Excited to be presenting "Zero-Sum Thinking and the Roots of US Political Divides" socialeconomicslab.org/research/worki… 👇
Great line-up of papers for the @nberpubs Public Econ meetings today and tomorrow. Excited to be presenting "Zero-Sum Thinking and the Roots of US Political Divides" socialeconomicslab.org/research/worki… 👇
Watch an exceptional line-up of papers on wealth, tax sheltering, nudges, immigration, political divisions, and more at today+tomorrow's at NBER Public Econ mtgs: nber.org/conferences/pu… Livestream should be available starting at 9am: youtube.com/nbervideos
🎬✨That's a wrap on the first amazing season!🎉 Huge thanks to all our incredible guests who made it great🌟@johnvanreenen @ruveyda_gozen @ufukakcigit @pierre_azoulay @PMoserEcon @heidilwilliams_ @ItsBenJones #NaomiLamoreaux @XJaravel @DAcemogluMIT @S_Stantcheva #PhilippeAghion
I'm happy to invite everyone to join us at next week's NBER Macro Annual, April 18-19. It will be streamed live on YouTube The program and YouTube link are at nber.org/conferences/39…
The public doesn’t believe in a Phillips curve, and tends to lean more hawkish This and 30 other super interesting charts from @S_Stantcheva nber.org/system/files/w…
@BrookingsEcon Perceptions about inflation matter for both economic and political reasons. As explained by @S_Stantcheva, Americans don't think their wage increases come close to offsetting inflation. You can read more here: brookings.edu/articles/why-d…
Shedding new light on why people dislike inflation, leveraging two new surveys in the US, from @S_Stantcheva nber.org/papers/w32300
Thanks @ChrisGiles_ for covering my work in the @FT today! Summary thread here if interested in more results x.com/s_stantcheva/s…
Thanks @ChrisGiles_ for covering my work in the @FT today! Summary thread here if interested in more results x.com/s_stantcheva/s…
Thank you @paulkrugman for writing about my work! Summary thread here: x.com/s_stantcheva/s…
Thank you @paulkrugman for writing about my work! Summary thread here: x.com/s_stantcheva/s…
Super interesting new paper on why people hate inflation. A major reason is that people overwhelmingly ascribe wage increases to their own efforts, while they blame price increases on policy.
Most Americans don't believe that wage increases come close to offsetting inflation, @S_Stantcheva finds in a new paper. Four-in-five of those who she surveyed believe that prices systematically climb faster than their pay. Read more here: brookings.edu/articles/why-d…
New survey research shows that people dislike inflation because they believe that it is associated with declining real wages and falling living standards. @S_Stantcheva building on @RobertJShiller edwardconard.com/macro-roundup/…
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Fascinating. Seeing raises as one’s own success and inflation as the gov’t fault is a natural psych-bias … but why more now than in the past (when voters would always vote for the incumbents in labor mkt booms)?
Thank you @TheEconomist for writing about my recent work on inflation! economist.com/finance-and-ec…
Me too!
Excited to get the revised version of this paper out! This is still one of my favorite papers I’ve worked on, which combines rich descriptives, theory, and causal reduced form analysis to help resolve some important puzzles in measured self-employment trends
The increased share of reporting self-employment in US tax data post-2000 is not due to the rise of platform gig work. Rather, more taxpayers report self earnings to benefit from the Earned Income Tax Credit, from @andy_garin, @JacksonEmilieA, and @dkoust nber.org/papers/w32368
Super happy to see that this great overview includes my work on economics education and financial problems!
What works in financial education? The paper with Tim Kaiser, "Financial Literacy and Financial Education: An Overview," is now out in the @nberpubs working paper series. nber.org/papers/w32355
My first @nberpubs working paper
Proposing a new nonlinear single-factor asset pricing model, from @nicolaborri, Denis Chetverikov, Yukun Liu, and Aleh Tsyvinski nber.org/papers/w32365
Congrats to my brilliant former colleague Doug Bernheim @StanfordEcon who just received an honorary doctorate from @UZH_en! Can‘t imagine anyone more deserving! @econ_uzh @ubscenter #DiesAcademicus
@econ_harris @S_Stantcheva 3) We're thinking about housing differently. When my parents paid their mortgage over 30 years of identical payments, their largest single consumption expense grew at a rate of 0%. They perceive less inflation than me, a renter whose rent increases 5% every year.
Americans aren't feeling too great about the path of inflation. The median participant surveyed by @S_Stantcheva said inflation last year was 5%, somewhat higher than its true rate. They also don't expect much improvement this year. Read more: brookings.edu/articles/why-d…
Had a wonderful time speaking to EVA Magazine in my home country Bulgaria. I shared my story, from a young student in Sofia to leading the IMF, with the hope of inspiring young women and girls to dream big and to never stop believing in themselves. linkedin.com/pulse/life-pur…
@econ_harris @S_Stantcheva PS: If you prefer the academic version of this thought experiment, Kaplan and Schulhofer-Wohl (JME 2017) find that HH inflation had an interquartile range of 6-9 percentage points. 4/3
@econ_harris @S_Stantcheva Households experience the same CPI-U differently. Their sentiment likely matches their experience of inflation, even if their sentiment doesn't match the representative inflation bundle. 3/3
@econ_harris @S_Stantcheva Renters over the same period may have faced multiple nominal rent hikes. While CPI-U was the same for renters and homeowners, renters likely experienced a higher level of housing inflation (and therefore total inflation) than homeowners. 2/3
It is an immense honor to be elected to the AAAS @americanacad. I'm humbled to join such a distinguished group of individuals. Congratulations to all my fellow inducted economists: Anna Mikusheva, @nhendren82, Erik Hurst, @bterrylong, Serena Ng, @MurielNiederle, and @profsufi)!
Announcing our new members! The Academy is honoring excellence in an array of disciplines and professions, and inviting these new members to join our work to advance the common good. The first members were elected in 1781. Learn who was elected in 2024: amacad.org/news
My latest for the @FT is about how economists could be more useful... 1st 300 clicks free to read on.ft.com/3Wg2pKQ
It's that time of the year again.
There seems to be a connection between misinformation and inflation. From @S_Stantcheva's excellent paper on inflation, when CPI was 3.4%--half of respondents thought it was 5% or more and one-quarter thought it was 10% or more. brookings.edu/wp-content/upl….
Congratulations to @JanetGornick, a great scholar!
I got the flowers for my Tokyo blind date, thanks everyone for voting
Most Americans don't believe that wage increases come close to offsetting inflation, @S_Stantcheva finds in a new paper. Four-in-five of those who she surveyed believe that prices systematically climb faster than their pay. Read more here: brookings.edu/articles/why-d…
Delayed update: the job market is over, and I've defended my dissertation! Thank you to my amazing advisors @ProfJAParker, @dthesmar, Larry, Taha, and Eric. I'm very excited to return to CA, where I'll do a postdoc at @SIEPR for 2024-25 and then join @StanfordGSB as a Finance AP!
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