Asst Prof in Economics at UC-Irvine
Joined July 2011
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Super excited about this new working paper!! The recent instability in the banking market has focused attention on online banks. Here we ask: have they responded the same to rate hikes as traditional banks? Or are they fundamentally different?
Online banks increase rates on deposits more than traditional banks in reaction to changes in federal funds rates, from Isil Erel, @liebersohn, Constantine Yannelis, and Samuel Earnest nber.org/papers/w31380
Jack Liebersohn retweeted
"The economists @liebersohn and @rothstein_jesse
find that mobility rates fell for homeowners with mortgages in 2022 and 2023, at a time when there were no comparable declines in mobility for homeowners without mortgages or for renters." nytimes.com/2024/04/15/upsho…… (1/2)
Jack Liebersohn retweeted
This picture is paralyzing for the housing market. The problem today isn't just that rates are at 7 percent. It's that the average homeowner with a mortgage has a rate three points lower -- an enormous disincentive to sell.
Jack Liebersohn retweeted
Before the pandemic, few mortgage holders ever held fixed rates a full point or lower than what they could get on a new loan.
By Q4 2023, nearly 70% of U.S. mortgage holders were locked in *three points or more* below what the market was offering.
nytimes.com/2024/04/15/upsho…
Jack Liebersohn retweeted
Come work with us! Some great roles open with a fantastic team.
The California Policy Lab has several new job openings just posted - in research and in fundraising - please share with your networks: capolicylab.org/career/
ALT Sign says "We're HIRING" and text says "Passionate about policy, research, and making an impact? Join the California Policy Lab! New openings: -Development Director, Data Analyst, Graduate Student Researcher"
Jack Liebersohn retweeted
Happy to announce multiple job openings for Economics PhDs interested in high-impact policy research careers in India.
Details at: econjobmarket.org/positions/…
Applications will be considered on a rolling basis; Please apply by 9 Feb 2024 for full consideration.
Jack Liebersohn retweeted
one of the most stirringly patriotic things I've ever read about america was by tony judt, a brit, and about our land-grant universities
😱
“Just 27% of [academic] mothers get tenure, compared with 48% of fathers and 46% of women without children.”
dropbox.com/s/9z44i8xxaygf49…
Jack Liebersohn retweeted
Unless you are a woman and have a kid (or more than one) during your AP years…
Academic productivity peaks at year four after starting as AP, and can be modeled as a random walk with high variance early in career, and decreased variance later in career.
ht @CT_Bergstrom
Jack Liebersohn retweeted
Re-upping this story about how Katalin Karikó's advisor threatened to have her deported if she moved labs.
Jack Liebersohn retweeted
10. Pay It Forward
Kindness matters.
Be kind. Tell people when you like their paper, their presentation.
Help others.
Jack Liebersohn retweeted
“Ten years ago I was kicked out and forced to retire.”
Our new medicine laureate Katalin Karikó (@kkariko) told us how much it means to be awarded the Nobel Prize after a scientific career that has been full of challenges.
Ten years ago, Karikó was still doing all her experiments by hand but today she has been awarded the medicine prize for her research on mRNA, which led to the development of COVID-19 vaccines.
Listen now:
Jack Liebersohn retweeted
When the Fed raised interest rates earlier this spring, online banks responded more drastically than brick and mortar banks.
Research from Constantine Yannelis (@ChicagoBooth), @liebersohn, Isil Erel, & Samuel Earnest.
Jack Liebersohn retweeted
Updated one of my papers (with Hansen Shao) and gave it a new name: "The Dynamics of Internal Migration: A New Fact and its Implications"
Jack Liebersohn retweeted
Just following up on @borusyak Kirill's insightful thread on HTE-robust estimators & potential efficiency loss.
We did a meta-analysis of 37 studies published in top PoliSci journals (bit.ly/cllx) and found:
(1) sign flips are extremely rare...
Jack Liebersohn retweeted
Excited to see my paper with @greg_l_howard and @liebersohn out in Journal of Financial Economics sciencedirect.com/science/ar…
Jack Liebersohn retweeted
ICYMI, listen to our conversation with Lindsay Relihan on WFH and brick-and-mortar retail. podcasts.apple.com/us/podcas…
🎙️🎙️🎙️ New @DenselySpeaking pod with @RelihanLindsay and @greg_shill on the impact of WFH on brick-and-mortar retail. Listen wherever you get your podcasts. open.spotify.com/episode/6o7…
Jack Liebersohn retweeted
Looking forward to the workshop on Macroeconomic Implications of Migration on Friday August 25, 2023 at the San Francisco Fed. @gordon_h_hanson and @AbigailWozniak as Keynote speakers and 10 excellent presentations.
Jack Liebersohn retweeted
Despite record-high child care costs, the amount families can set aside pre-tax for dependent care is only $5,000—the same as when the law was written in 1986. That's not nearly enough. I just reintroduced my bipartisan bill to raise this threshold and provide much-needed relief.
Jack Liebersohn retweeted
Check out my article with @liebersohn, "Regional Divergence and House Prices," in this issue!
