Enrico Moretti

Last updated
Enrico Moretti
Born1968 [1]
NationalityItalian and American
Academic career
Institution University of California, Berkeley
Field Labor economics
Urban economics
Alma materLaurea (1993), Bocconi University
Ph.D. (2000), University of California, Berkeley
AwardsFellow, European Association of Labour Economists since 2019

Fellow of the Econometric Society since 2016

Sherwin Rosen Prize for Outstanding Contributions in the Field of Labor Economics, awarded by the Society of Labor Economists

Contents

Fellow, Society of Labor Economists since 2014

William Bowen Prize

Carlo Alberto Medal, awarded to an Italian economist under the age of 40 for his/her outstanding research contributions to the field of economics
Website eml.berkeley.edu//~moretti/

Enrico Moretti is an Italian economist and the Michael Peevey and Donald Vial Professor of Economics at the University of California, Berkeley. He is also a research associate at the National Bureau of Economic Research (Cambridge), and a research fellow at the Centre for Economic Policy Research (London) and the Institute for the Study of Labor (Bonn). Prior to joining the Berkeley faculty in 2004, he has taught at UCLA.

His research covers the fields of labor economics and urban economics. He has received several awards and honors, including the Society of Labor Economists’ Rosen Prize for outstanding contributions to labor economics, the Carlo Alberto Medal, the IZA Young Labor Economist Award, and a Fulbright Fellowship. He is an elected Fellow of the Econometric Society, the Society of Labor Economists and the European Association of Labour Economists. Between 2015 and 2020 he was the editor-in-chief of the Journal of Economic Perspectives. [3]

Along with over 70 articles in peer-reviewed economics journals, Moretti's 2012 book for general audiences, The New Geography of Jobs, has received widespread attention. [4] The book was described by Barack Obama in 2019 as “a timely and smart discussion of how different cities and regions have made a changing economy work for them — and how policymakers can learn from that to lift the circumstances of working Americans everywhere." [4] It was described by  Paul Krugman in The New York Times  as “a must reading for anyone trying to understand the state of America” and by William Galston in The Wall Street Journal as  “the most important book of the decade on the contemporary economy." [5] [6] The book has been translated into eight languages and was awarded the William Bowen Prize by Princeton University [7] for the most important contribution toward understanding public policy and the labor market.

In addition to his work in labor economics and economic geography, Moretti has published peer-reviewed articles on the social returns to education; social interactions and peer effects; health economics;  political economy; and the economics of the family. [4]

Selected bibliography

Related Research Articles

<span class="mw-page-title-main">Economies of agglomeration</span>

One of the major subfields of urban economics, economies of agglomeration, explains, in broad terms, how urban agglomeration occurs in locations where cost savings can naturally arise. This term is most often discussed in terms of economic firm productivity. However, agglomeration effects also explain some social phenomena, such as large proportions of the population being clustered in cities and major urban centers. Similar to economies of scale, the costs and benefits of agglomerating increase the larger the agglomerated urban cluster becomes. Several prominent examples of where agglomeration has brought together firms of a specific industry are: Silicon Valley and Los Angeles being hubs of technology and entertainment, respectively, in California, United States; and London, United Kingdom, being a hub of finance.

The local multiplier effect is the additional economic benefit accrued to an area from money being spent in the local economy. The concept has been taken up by advocates for "spend local" campaigns in addition to more formal treatments in the area of regional economic development.

In economics, the Baumol effect, also known as Baumol's cost disease, is the rise of wages in jobs that have experienced little or no increase in labor productivity in response to rising wages in other jobs that have experienced higher productivity growth. The phenomenon was described by William J. Baumol and William G. Bowen in the 1960s and is an example of cross elasticity of demand.

<span class="mw-page-title-main">IZA Institute of Labor Economics</span> German think tank

The IZA - Institute of Labor Economics, until 2016 referred to as the Institute for the Study of Labor (IZA), is a private, independent economic research institute and academic network focused on the analysis of global labor markets and headquartered in Bonn, Germany.

In economics, a spillover is an economic event in one context that occurs because of something else in a seemingly unrelated context. For example, externalities of economic activity are non-monetary spillover effects upon non-participants. Odors from a rendering plant are negative spillover effects upon its neighbors; the beauty of a homeowner's flower garden is a positive spillover effect upon neighbors. The concept of spillover in economics could be replaced by terminations of technology spillover, R&D spillover and/or knowledge spillover when the concept is specific to technology management and innovation economics.

Knowledge spillover is an exchange of ideas among individuals. Knowledge spillover is usually replaced by terminations of technology spillover, R&D spillover and/or spillover (economics) when the concept is specific to technology management and innovation economics. In knowledge management economics, knowledge spillovers are non-rival knowledge market costs incurred by a party not agreeing to assume the costs that has a spillover effect of stimulating technological improvements in a neighbor through one's own innovation. Such innovations often come from specialization within an industry.

John Michael Van Reenen OBE is the Ronald Coase School Professor at the London School of Economics. He is also Director of the Programme On Innovation and Diffusion (POID) at the Centre for Economic Performance. He was appointed an Officer of the Order of the British Empire (OBE) and received the Yrjö Jahnsson Award.

Cluster theory is a theory of strategy.

Alexandre Mas is William S. Tod Professor of Economics and Public Affairs at Princeton University, Director of the Industrial Relations Section at Princeton University, and Director of the Labor Studies program of the National Bureau of Economic Research. He is a former Chief Economist of the United States Department of Labor and Associate Director for Economic Policy at the Office of Management and Budget.

The social multiplier effect is a term used in economics, economic geography, sociology, public health and other academic disciplines to describe certain social externalities. It is based on the principle that high levels of one attribute amongst one's peers can have spillover effects on an individual. "This social multiplier can also be thought of as a ratio ∆P/∆I where ∆I is the average response of an individual action to an exogenous parameter and ∆P is the response of the peer group to a change in the same parameter that affects the entire peer group." In other words, it is the ratio of an individual action to an exogenous parameter to the aggregate effect of the same parameter on the individual's peers.

<span class="mw-page-title-main">Michael Greenstone</span> American economist

Michael Greenstone is an American economist and the Milton Friedman Distinguished Service Professor in Economics, the College, and the Harris School of Public Policy at the University of Chicago. He serves as director of the Energy Policy Institute at the University of Chicago (EPIC), director of the Becker Friedman Institute, and co-chair of the Energy and Environment sector at Abdul Latif Jameel Poverty Action Lab (J-PAL). Under the first Obama administration, he served as chief economist on the Council of Economic Advisors. His research interests focus on the nexus between development economics and environmental economics.

Holger Görg is a German economist who currently works as Professor of International Economics at the University of Kiel. Görg also leads the Kiel Center for Globalization and heads the Research Area "Global Division of Labour" at the Kiel Institute for the World Economy. In 2009, he was awarded the Gossen Prize for his contributions to the study of firms' decisions to invest, export and outsource parts of their value chains abroad.

Hanan G. Jacoby is an American economist and Lead Economist in the World Bank's Development Research Group.

Gianmarco Ireo Paolo Ottaviano is an Italian economist and Professor of Economics at Bocconi University.

Patrick McGraw Kline is an U.S. American economist and Professor of Economics of the University of California at Berkeley. In 2018, his research was awarded the Sherwin Rosen Prize by the Society of Labor Economists for "outstanding contributions in the field of labor economics". In 2020, he was awarded the prestigious IZA Young Labor Economist Award.

Arindrajit (Arin) Dube is a professor of economics at the University of Massachusetts Amherst, known internationally for his empirical research on the effects of minimum wage policies. He is among the foremost scholars regarding the economic impact of minimum wages. In 2019, he was asked by the UK Treasury to conduct a review of the evidence on the impact of minimum wages, which informed the decision to set the level of the National Living Wage. His work is focused on the economics of the labor market, including the role of imperfect competition, institutions, norms, and behavioral factors that affect wage setting and jobs.

Junsen Zhang is an economist and Wei Lun Professor of Economics at the Chinese University of Hong Kong, where he also chairs the Department of Economics. He is a Fellow of the Econometric Society.

Eleonora Patacchini is an economist specializing in applied economics and applied statistics who grew up in Italy with her mother who was also a professor. She is a professor and associate department chair at Cornell University in the Department of Economics. Her research focuses on the empirical analysis of behavioral models of strategic interactions for decision making. Patacchini is an associate editor at Journal of Urban Economics and Statistical Methods & Applications. She is a columnist at the VOX CEPR Policy Portal where research-based policy analysis and commentary from leading economists are published frequently. She is also a co-editor of E-journal Economics and associate editor of the Journal of Urban Economics.

Petra Elisabeth (Crockett) Todd is an American economist whose research interests include labor economics, development economics, microeconomics, and econometrics. She is the Edward J. and Louise W. Kahn Term Professor of Economics at the University of Pennsylvania, and is also affiliated with the University of Pennsylvania Population Studies Center, the Human Capital and Equal Opportunity Global Working Group (HCEO), the IZA Institute of Labor Economics and the National Bureau of Economic Research.

References

  1. Wai, Dr. Jonathan (2013-09-24). "Why Our Creativity Depends On Who Surrounds Us". The Creativity Post. Retrieved 2018-02-13.
  2. Wai, Dr. Jonathan (2013-09-24). "Why Our Creativity Depends On Who Surrounds Us". The Creativity Post. Retrieved 2018-02-13.
  3. "Enrico Moretti". Econometrics Laboratory. Retrieved 2018-02-13.
  4. 1 2 3 "Interview - Enrico Moretti, Econ Focus, First Quarter 2019 - Federal Reserve Bank of Richmond". www.richmondfed.org. Retrieved 2019-09-23.
  5. Porter, Eduardo (2012-04-03). "The Promise of Today's Factory Jobs". The New York Times. ISSN   0362-4331 . Retrieved 2018-02-13.
  6. O'Toole, Kathleen (2013-06-10). "Enrico Moretti: The Geography of Jobs". Stanford Graduate School of Business. Retrieved 2018-02-13.
  7. "The William G. Bowen Award for the Outstanding Book on Labor and Public Policy | Industrial Relations Section". irs.princeton.edu. Retrieved 2019-09-23.