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Mariacristina De Nardi

Mariacristina De Nardi

@mdenardi.bsky.social

4.8K followers 670 following 78 posts

Thomas Sargent Professor of Economics at the University of Minnesota and consultant at the Minneapolis Fed. Views are my own. RT ≠ E.

Web page: https://users.nber.org/~denardim/

Mariacristina De Nardi is an economist who was born in Treviso, Italy. She is the Thomas Sargent Professor at the University of Minnesota since 2019. In 2013, De Nardi was appointed professor of economics at University College London; since September 2018, she has been a senior scholar at the Opportunity and Inclusive Growth Institute of the Federal Reserve Bank of Minneapolis. Her research interests include macroeconomics, public economics, wealth distribution, savings, social-insurance reform, social security, household economics, health shocks, medical expenses, fertility and human capital. .. more

Economics 44%

Business 29%

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Reposted by Mariacristina De Nardi

Gabriella Conti @gabriconti.bsky.social · 2d

📍Back from a busy week at the #Fed’s #OIGI in #Minneapolis.

Productive time interacting w/ coauthors & researchers + v engaged seminar on workforce in large-scale home visiting.

Many thanks to Abigail Wozniak for the invite & to @mdenardi.bsky.social for hosting - had a great time! 🙏

Reposted by Dani Rodrik, Klaus F. Zimmermann, Dan Goldhaber , and 6 more Dani Rodrik, Klaus F. Zimmermann, Dan Goldhaber, Brendan Nyhan, Mariacristina De Nardi, Robert C. Richards, Daniel Kuehn, Nathan P. Kalmoe, Peter Bergman

Aaron Sojourner @aaronsojourner.org · 7d

How does employer access to prisoners’ labor through work release impact the well-being of those workers & of free workers?

New working paper by Sue Helper, Suresh Naidu, Akseli Palomaki, Adam Reich, + me provides evidence, focus on auto manufacturing in AL
#EconSky
papers.ssrn.com/sol3/papers....

Coercion and Monopsony in Modern American Manufacturing: Evidence from Alabama Prison Labor
Susan Helper Suresh Naidu Akseli Palomaki Adam Reich
Aaron Sojourner

We study coercion and monopsony in contemporary U.S. manufacturing labor markets. We combine administrative data from the Alabama Department of Corrections work release program with a unique survey of workers in the Alabama auto supply chain
where workers report their work-release status. We first present descriptive patterns of work-release labor, finding that the use of incarcerated (i.e., work-release) labor is concentrated in the auto supply industry, especially in the Montgomery area, where
Hyundai’s assembly plant is located. In the survey, the share of plant-level workers who are incarcerated is negatively correlated with non-incarcerated wages. The survey also enables estimation of hypothetical quit elasticities separately among incarcerated
and non-incarcerated workers. Incarcerated workers are estimated to have quit elasticities less than half that of non-incarcerated workers. Because Alabama law requires employers to pay the same wage to incarcerated and non-incarcerated workers in the same jobs, the additional monopsony power introduced by employer access to incarcerated workers creates an incentive and ability for employers to reduce plant-level wages to, and employment of, non-incarcerated workers. We build a quantitative model of firm-specific labor supply that, for incarcerated workers, distinguishes the roles of coercion (the risk of physical harm in prison from not working), wage garnishment that blunts the consumption effect of higher wages, and monopsony (limited mobility across employers). Using it, we estimate effects on free and incarcerated workers’ welfare from i) reforming prison conditions to eliminate violence, ii) eliminating prison labor wage
garnishment, iii) imposing a $15 minimum wage, &iv) abolishing prison labor. Free worker welfare goes up in all scenarios...

Reposted by Mariacristina De Nardi

Aaron Sojourner @aaronsojourner.org · 8d

Mariacristina De Nardi @mdenardi.bsky.social · 9d

I have a truly fantastic Econ PhD job market candidate on the market this year:

Francisco Bullano is a macroeconomist whose research bridges public economics and health.

His Web page: franciscobullano.com

Please look at his job market package very closely.

Francisco Bullano

Francisco Bullano is a PhD Candidate in Economics at University of Minnesota

franciscobullano.com

Mariacristina De Nardi @mdenardi.bsky.social · 9d

His broader work combines structural and empirical approaches, including causal policy evaluation and applied macroeconometrics. He brings strong technical skills, clear economic insight, and a research agenda at the frontier of health, inequality, and policy design.

Mariacristina De Nardi @mdenardi.bsky.social · 9d

He finds that these reforms generated large welfare gains for low-income families, produced substantial crowd-out of private coverage, but had little effect on private premiums.

Mariacristina De Nardi @mdenardi.bsky.social · 9d

Francisco’s job-market paper develops a quantitative equilibrium model with rich household heterogeneity to study how U.S. Medicaid expansions affected private insurance markets and welfare.

Reposted by Aaron Sojourner

Mariacristina De Nardi @mdenardi.bsky.social · 9d

I have a truly fantastic Econ PhD job market candidate on the market this year:

Francisco Bullano is a macroeconomist whose research bridges public economics and health.

His Web page: franciscobullano.com

Please look at his job market package very closely.

Francisco Bullano

Francisco Bullano is a PhD Candidate in Economics at University of Minnesota

franciscobullano.com

Reposted by Mariacristina De Nardi

Jaap Abbring @jaap.abbring.org · Sep 29

#EctJ published its Sept 2025 issue, with @mdenardi.bsky.social's 2024 Sargan Lecture on "Health inequality and health types", Chen Qiu's "Cross-fitted empirical likelihood on semiparametric models" as Editors' Choice of lead article, and 6 more fine contributions

academic.oup.com/ectj/issue/2...

Volume 28 Issue 3 | The Econometrics Journal | Oxford Academic

Established in 1998 by the Royal Economic Society, The Econometrics Journal promotes the general advancement and application of econometric methods and techniques to problems of relevance to contempor...

academic.oup.com

Reposted by Mariacristina De Nardi

VoxEU @ CEPR @voxeu.org · Sep 15

Household saving & labour supply are shaped by various risks throughout the lifespan. M Borella, @mdenardi.bsky.social @fang-yang-econ.bsky.social & @johanatch.bsky.social analyse how these risks interact to better design policy that protects households from shocks.
cepr.org/voxeu/column...
#EconSky

Household saving and labour supply are shaped by many risks – wages, marriage, health, longevity – as well as bequest motives. This column develops a model that tracks individuals from age 26 through to retirement and death to show how these risks interact to drive economic behaviour. The findings highlight that incorporating risk, and how it differs by gender, marital status, and age, helps design policies that protect households from shocks without distorting work and saving incentives.

Reposted by Mariacristina De Nardi

Gabriella Conti @gabriconti.bsky.social · Jul 13

🇬🇧A month in London-a great time to reflect & recharge. B4 things ramp up again, a quick recap of May–June

1️⃣ @cesifo.org Area Conference Labor Economics

2️⃣ @kuleuvenuniversity.bsky.social Applied Workshops

3️⃣ @rfberlin.bsky.social Workshop Economics of Aging

4️⃣ Workshop Economics of Risky Behavior

Mariacristina De Nardi @mdenardi.bsky.social · Jul 10

Call for papers

Mariacristina De Nardi @mdenardi.bsky.social · Jul 3

I am grateful to Ed for his mentorship and to SAET for inviting me to give this lecture.

Mariacristina De Nardi @mdenardi.bsky.social · Jun 7

Thank you, Christian — to both you and Jerome Adda — for a fantastic conference and the honor of being a plenary speaker alongside Joseph Hotz. The event was both productive and enjoyable, and your Berlin initiative is truly inspiring!

ROCKWOOL Foundation Berlin @rfberlin.bsky.social · Jun 6

We conclude our Workshop on Aging with warm thanks from our Director, Christian Dustmann, to all participants for their excellent presentations and contributions. #EconomicsOfAging

Reposted by Mariacristina De Nardi

ROCKWOOL Foundation Berlin @rfberlin.bsky.social · Jun 6

We conclude our Workshop on Aging with warm thanks from our Director, Christian Dustmann, to all participants for their excellent presentations and contributions. #EconomicsOfAging

Reposted by Mariacristina De Nardi

NBER @nber.org · Jun 6

Exploring why households work and save. Bequest motives and risks in wages, medical expenses, and marital dynamics explain 56.9 percent of aggregate wealth and 2.7 percent of aggregate earnings, from Borella, @mdenardi.bsky.social, Yang, and Torres Chain https://www.nber.org/papers/w33874

Reposted by Mariacristina De Nardi

ROCKWOOL Foundation Berlin @rfberlin.bsky.social · Jun 5

We are kicking off the RFBerlin Workshop on the Economics of Aging with @mdenardi.bsky.social’s keynote lecture on “Health Inequality and Economic Disparities by Race, Ethnicity, and Gender”.

Mariacristina De Nardi @mdenardi.bsky.social · Jun 1

I learned a lot from this conference and it was fun too!

Essen Health Conference @eshconference.bsky.social · May 31

The highlight of any academic conference is learning from our esteemed keynote speakers.

This year, we're thrilled to welcome Farzana Afridi (#ISIDelhi) and Mariacristina De Nardi (@mdenardi.bsky.social), sharing insights on health, development, and environmental economics.

Summary 🧵coming soon!

Reposted by Mariacristina De Nardi

Essen Health Conference @eshconference.bsky.social · May 31

The highlight of any academic conference is learning from our esteemed keynote speakers.

This year, we're thrilled to welcome Farzana Afridi (#ISIDelhi) and Mariacristina De Nardi (@mdenardi.bsky.social), sharing insights on health, development, and environmental economics.

Summary 🧵coming soon!

Reposted by Gabriella Conti, Mariacristina De Nardi

Human Capital HCEO - CEHD @hceconomics.bsky.social · May 12

HCEO member @gabriconti.bsky.social's paper on how the impact of an early childhood intervention differs with educational attainment polygenic score is now out in @NBER working papers. www.nber.org/papers/w33781

Gene x Environment Interactions: Polygenic Scores and the Impact of an Early Childhood Intervention in Colombia

Founded in 1920, the NBER is a private, non-profit, non-partisan organization dedicated to conducting economic research and to disseminating research findings among academics, public policy makers, an...

Reposted by Mariacristina De Nardi

Panel Study of Income Dynamics @umpsid.bsky.social · Apr 11

Good morning, #PAA2025! Come see us in the Expo Hall at Booth 404 where study staff will be able to help you with your #PSIDdata questions!

Reposted by Mariacristina De Nardi

Gina C. Pieters, PhD @ginapieters.bsky.social · Apr 3

I never want to hear an #EconSky debate about dropping macro from the PhD core ever again.

Reposted by Mariacristina De Nardi

Climent Quintana-Domeque @climent.bsky.social · Mar 28

www.clinicbarcelona.org/en/news/colo...

Colonoscopy and faecal occult blood tests are equivalent in detecting colorectal cancer

Researchers at IDIBAPS-Hospital Clínic and Hospital Universitario de Canarias have coordinated a study involving 57,000 people that compares the effectiveness of the two main strategies for screening ...

www.clinicbarcelona.org

Mariacristina De Nardi @mdenardi.bsky.social · Mar 22

What a great visit and seminar feedback! Thank you very much for inviting me!

Carlos Rondón-Moreno @charlieecon.bsky.social · Mar 19

Looking forward to today’s seminar by @mdenardi.bsky.social on “Savings and Labor Supply Over the Life Cycle” at the Central Bank of Chile. Live transmission available, don’t miss it! 🚨

#econSky @umn-econ.bsky.social

Reposted by Mariacristina De Nardi

Carlos Rondón-Moreno @charlieecon.bsky.social · Mar 19

Looking forward to today’s seminar by @mdenardi.bsky.social on “Savings and Labor Supply Over the Life Cycle” at the Central Bank of Chile. Live transmission available, don’t miss it! 🚨

#econSky @umn-econ.bsky.social

Reposted by Mark Harrison, Mariacristina De Nardi, Laura Veldkamp , and 1 more Mark Harrison, Mariacristina De Nardi, Laura Veldkamp, Gopi Shah Goda

Hetan Shah @hetanshah.bsky.social · Mar 19

Good to see the FT editorial draw attention to this less well known casualty of the US regime - official statistics
on.ft.com/43Tejhn

The White House war on federal statistics

Economists and scientists worry over disappearing data and advisory groups

Reposted by Mariacristina De Nardi

Pau S. Pujolas @paupujolas.bsky.social · Mar 4

Guys, a trade collapse today vs the 1930s. We already know the (ugly) answer:
onlinelibrary.wiley.com/doi/full/10....

THE COST OF TRADE DISRUPTIONS AT DIFFERENT STAGES OF DEVELOPMENT

We study trade disruptions at different stages of development in a two-country, three-sector model of Spain and United Kingdom from 1850 to 2000. The impact of trade disruptions depends on trade open...

onlinelibrary.wiley.com

Reposted by Mariacristina De Nardi

Aaron Sojourner @aaronsojourner.org · Mar 4

C'mon, Iowa!

Reposted by Mariacristina De Nardi

Louis Johnston @ldjeconomics.bsky.social · Mar 2

A national cryptocurrency reserve is a scam. It is simply an attempt by those who own cryptocurrency to trade it for US dollars or gold from the Treasury. The federal government will be left holding this bag of hazardous waste.

Reposted by Mariacristina De Nardi

Joshua Mask @joshuafmask.bsky.social · Mar 2

doi.org/10.1093/qje/...

Reposted by Mariacristina De Nardi, Andrea Manca

Eric Topol @erictopol.bsky.social · Feb 19

Our lifestyle and environmental exposures are the predominant influencers of healthy aging and premature mortality, compared with polygenic risk, in the first comprehensive assessment
www.nature.com/articles/s41...
open-access

Integrating the environmental and genetic architectures of aging and mortality - Nature Medicine

Based on a systematic analysis of environmental exposures associated with aging and mortality in the UK Biobank, the relative contributions of such exposures and genetic risk for mortality and a range...