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Piotr Denderski@PDenderski
🚨 New Working Paper Alert 🚨
"Cautious Careers: Job Mobility under Incomplete Markets" is now available as NBER Working Paper 35580: nber.org/papers/w35580.
Started more than 8 years ago as two separate projects by two teams on each side of the Atlantic that shared the same…
nber.org
Cautious Careers: Job Mobility under Incomplete Markets
11:32 AM · Aug 10, 2026 · 4.16K Views
11 Reposts · 32 Likes
Matthew A. Kraft@MatthewAKraft
The #SustainableED team's first publication is out in @PNASNews.
We document the scale of potential pollutant & carcinogen exposure across US K12 schools.
8% of all schools are within a few blocks of EPA registered hazard sites.
Exposure risk is highly inequitable.
🧵
4:51 PM · Aug 11, 2026 · 1.13K Views
1 Reply · 10 Reposts · 20 Likes
Benjamin Schoefer@Schoefer_B
New paper:
Cautious Careers: Job Mobility under Incomplete Markets
w/@PDenderski @alexclymo @ayusufmercan
Idea:
1) Switching jobs is risky.
2) We are risk-averse.
3) Insurance markets are incomplete.
=>Workers avoid risky jobs
=>Lower wage growth & productivity
=>UI can help
NBER @nberpubs
What holds back job-to-job mobility and productivity growth? The role of risk aversion and incomplete markets, and a new, pro-growth role for unemployment insurance, from Alex Clymo, Piotr Denderski, @ayusufmercan, and @Schoefer_B https://t.co/PVj3fvgGdU
7:35 PM · Aug 13, 2026 · 6.91K Views
2 Replies · 12 Reposts · 61 Likes
Andrea Presbitero@a_presbitero
A great paper to understand why European firms cannot scale: “European firms, [especially younger and smaller ones,] are hemmed in on the demand side, unable to grow beyond local markets, and constrained on the finance side, unable to fund the growth they could otherwise
NBER @nberpubs
Examining the financial and product-market frictions that constrain European firms’ to scale, from @beckerbobo, Efraim Benmelech, and Joao Monteiro https://t.co/15XbmZaRKv
10:37 AM · Aug 14, 2026 · 95.9K Views
13 Replies · 117 Reposts · 581 Likes
