Felix Stips

Betriebserben ist dank eines Steuerprivilegs (aka Verschonungsbedarfsprüfung) seit 2021 #Erbschaftsteuer in Höhe von 7,6 Milliarden Euro erlassen worden. Vermögen in Höhe von rund 24 Milliarden Euro wurden so nahezu steuerfrei auf die Erben übertragen.

hbapp.handelsblatt.com/cmsid/100160...

Our first seminar is tomorrow! Tune in to hear @tamarabogatzki.bsky.social present!

🕛 Sept 30 at 5:30pm CET
➡️ Zoom registration: us02web.zoom.us/webinar/regi...

Which Reference Groups Matter and How? A Relative Income Information Experiment with Administrative Data (Forthcoming Article)

Forthcoming in AEJ: Applied Economics: "Which Reference Groups Matter and How? A Relative Income Information Experiment with Administrative Data" by Xiaogeng Xu, Satu Metsälampi, Michael Kirchler, Kaisa Kotakorpi, Peter Hans Matthews, and Topi Miettinen. www.aeaweb.org/articles?id=...

Hi Bluesky!

I'm excited to share my job market paper (for the 2025-26 market)!

It introduces a new extension of RDD where outcomes are entire distributions: Regression Discontinuity Design with Distributions (R3D).

Thread below 👇 (1/)

Fraud and cover-up Fraud and cover-up

All is not well at Elsevier richardtol.substack.com/p/fraud-and-...

#Zuwanderung bringt mehr Kompetenzen nach Deutschland als durch Auswanderung abließen.

Das haben @juliogarbers.bsky.social, @gathmannch.bsky.social und @felixstips.bsky.social gemessen.

Und sie haben auch Ideen, wie der Saldo noch besser werden kann ⤵️

www.wirtschaftsdienst.eu/inhalt/jahr/...

How Much Tax Do US Billionaires Pay? Evidence from Administrative Data Akcan S. Balkir, Emmanuel Saez, Danny Yagan, and Gabriel Zucman NBER Working Paper No. 34170 August 2025 JEL No. H2 ABSTRACT We estimate income and taxes for the wealthiest group of US households by matching Forbes 400 data to the individual, business, estate, and gift tax returns of the corresponding group in 2010- 2020. In our benchmark estimate, the total effective tax rate all taxes paid relative to economic income of the top 0.0002% (approximately the "top 400") averaged 24% in 2018-2020 compared with 30% for the full population and 45% for top labor income earners. This lower total effective tax rate on the wealthiest is substantially driven by low taxable individual income relative to economic income. First, the C-corporations owned by the wealthiest distributed relatively little in dividends, limiting their individual income tax unless they sell their stocks. Second, top-owned passthrough businesses reported negative taxable income on average in spite of positive book income, further limiting their individual income tax. The top-400 effective tax rate fell from 30% in 2010-2017 to 24% in 2018-2020, explained both by a smaller share of business income being taxed and by that income being subject to lower tax rates. Estate and gift taxes contributed relatively little to their effective tax rate. Top-400 decedents paid 0.8% of their wealth in estate tax when married and 7% when single. Annual charitable contributions equalled 0.6% of wealth and 11% of economic income in 2018-20. Akcan S. Balkir University of California, Berkeley akcan.balkir@berkeley.edu Danny Yagan University of California, Berkeley Department of Economics and NBER Emmanuel Saez yagan@berkeley.edu University of California, Berkeley Department of Economics and NBER saez@econ.berkeley.edu Gabriel Zucman University of California, Berkeley Department of Economics and NBER zucman@berkeley.edu

Sorry if this was posted here already, just a hot new Berkeley Econ joint

www.nber.org/papers/w34170

The IZA network @iza.org will survive!!

That's such great news. Moving to Luxemburg and joining @liser.lu

I don't know details and backend stories, but I see a bright opportunity ahead

15th Annual International Conference on Immigration in OECD Countries - December 11 & 12.
Submit your paper by September 15 at:
🔗 immigoecd15.sciencesconf.org @oecd-ocde.bsky.social @cepii-paris.bsky.social @pse.bsky.social @liser-cb.bsky.social . Feel free to share!

I've been working on a new tool, Refine, to make scholars more productive. If you're interested in being among the very first to try the beta, please read on.

Refine leverages the best current AI models to draw your attention to potential errors and clarity issues in research paper drafts.

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Reservation Wages and Workers’ Valuation of Job Flexibility: Evidence from a Natural Field Experiment Abstract. We quantify how labor supply elasticities and reservation wages vary between people and over time, and infer workers’ valuation of flexibility in

Forthcoming article by Kuan-Ming Chen, Ning Ding @johnlist.bsky.social and Magne Mogstad "Reservation Wages and Workers’ Valuation of Job Flexibility: Evidence from a Natural Field Experiment" @eeanews.bsky.social

doi.org/10.1093/jeea...

Submit to the Fall 2025 Economics of Migration Junior Seminar Series!!!

Immigrant–native pay gap driven by lack of access to high-paying jobs - Nature Data from nine European and North American countries reveal that the disparity in earnings between immigrants and natives is largely a result of segregation of immigrant workers into lower-paying jobs...

IN OTHER NEWS: check out our new COIN paper on immigrant--native pay gaps in advanced economies published in @nature.com this afternoon! Specifically, we study the relative contribution of within-job unequal pay vs between-job segregation to earnings disparities across immigrant generations. 1/9

“Descended from Immigrants and Revolutionists”: How Family History Shapes Immigration Policy Making

doi.org/10.1093/qje/...

The 1942 Exclusion Act removed high-skilled farmers of Japanese ancestry near the West Coast. This significantly reduced long-run growth of agriculture in the affected counties, from Peter Zhixian Lin and Giovanni Peri https://www.nber.org/papers/w33971

A pair of similar Black and White workers do not earn the same amount at their next employer, from Isaac Sorkin https://www.nber.org/papers/w33946

Is Mobile Money Changing Rural Africa? Evidence from a Field Experiment Abstract. Rural areas in sub-Saharan Africa are typically underserved by financial services. Mobile money brings a substantial reduction in the transaction costs of remittances. We follow the introduction of mobile money for the first time in rural villages of Mozambique using a randomized field experiment. We find that mobile money increased migration out of these villages, where we observe lower agricultural activity and investment. At the same time, remittances received and welfare of rural households increased, particularly when facing georeferenced village-level floods and household-level idiosyncratic shocks. Our work suggests that mobile money can accelerate urbanization and structural change in sub-Saharan Africa.

In the May issue, "Is Mobile Money Changing Rural Africa? Evidence from a Field Experiment" by Cátia Batista and Pedro C. Vicente zurl.co/2QJz7

Out in @pnas.org today!! We ran a field experiment with ~1000 high school students & found:

✅ GenAI tutoring boosts practice perf
⚠️ But hinders human learning, hurting perf when AI access is removed
🛡️ Safeguards like hint-based help can offset this
www.pnas.org/doi/10.1073/...

🌍 2025 #MigrationEconomics Junior Workshop just concluded.

🎯 Goal: give PhD & young researchers an opportunity to share their work in an inspiring space.

Thanks to the participants & keynotes for sharing thoughtful discussions ✨

🏷️ #DevEcon
@ucauvergne.bsky.social
@cnrs-rhoneauvergne.bsky.social

Check out our new IZA DP! We show that Germans move across regions more often than many realize - especially around important educational decisions and early in their careers. However, we find no causal link between education and regional mobility👇
www.iza.org/publications... (@guidoh.bsky.social)

🚨🚨🚨Blockbuster paper out today! Bear with me as I explain why this one is so important.

🤔 The *economic* anger about immigration is based on the false notion that immigrants take jobs or lower wages. A major misunderstanding behind this view is that immigrants only increase the supply of labor.

To help researchers navigate social desirability bias, this study assesses commonly-used approaches and offers practical guidance on selecting the most suitable tools for different contexts, from Bursztyn, Haaland, Röver, and Roth https://www.nber.org/papers/w33920

Combining field experiments and a new model to study salary negotiations, from Zoë B. Cullen, Bobak Pakzad-Hurson, and Ricardo Perez-Truglia https://www.nber.org/papers/w33903

Re-upping my advice about how to write a good title and abstract for an academic paper, appropriately called:

"How to Write a Title and Abstract"

Feel free to share this thread, which will focus on titles.

#EconSky #AcademicSky

What happens when humanitarian aid is cut or delayed? Humanitarian aid systems are under mounting pressure, with key donors like the US and UK cutting funding despite growing needs. New research in one of the world’s largest refugee camps shows that aid ...

🆕What happens when humanitarian aid is cut or delayed?

A 20% aid cut in one of the world's largest refugee camp didn’t just reduce what and how much refugees eat; it also triggered a cascade of effects across households and markets. voxdev.org/topic/instit...

with Vittorio Bruni and @wfp.org

📢 Just released: First results of our new large-scale longitudinal survey IMPa on return and onward migration in Germany. 50,000+ participants in wave 1 (Dec 2024–Apr 2025).

📄 Full report (in German): doku.iab.de/forschungsbe...
📘 English version coming soon — stay tuned!

💻 Jetzt anmelden: Bei der nächsten Ausgabe unseres Online-Formats „BAMF-Forschung im Dialog“ dreht sich alles um neue Datenprodukte aus dem BAMF-FDZ!

📅 Donnerstag, 26.6.2025
🕚 11 bis 12 Uhr

Mehr dazu ▶️ www.bamf.de/SharedDocs/V...
#BAMFforscht

Monopsony and Employer Mis-optimization Explain Why Wages Bunch at Round Numbers (Forthcoming Article) - We show that administrative hourly wage data exhibits considerable bunching at round numbers. We run two experiments, randomizing wages around 10 cents and $1.00, to experiment...

Forthcoming in the AER: "Monopsony and Employer Mis-optimization Explain Why Wages Bunch at Round Numbers" by Arindrajit Dube, Alan Manning, and Suresh Naidu. www.aeaweb.org/articles?id=...

Li, @lindseyraymond.bsky.social & @peterbergman.bsky.social show that incorporating exploration into an interview screening algorithm improves demographic diversity & hiring efficiency, while traditional supervised learning-only tools improve hiring rates at the expense of minority applicants.

👇

We're hiring a postdoc in labor economics at IAB Nuremberg! Join @ineshelmecon.bsky.social, @jnimczik.bsky.social & me on a project about gig work.

🗓️ Start: 1 Oct 25
💶 Salary ≥ €5200/month

🌱 Possibility to apply for tenure track program

Apply here until 17 June: econjobmarket.org/positions/11...