Titan M. Alon
University of California San Diego
Department of Economics
9500 Gilman Drive #0508
La Jolla, CA 92093
Institutional Affiliation: University of California at San Diego
NBER Working Papers and Publications
|May 2020||How Should Policy Responses to the COVID-19 Pandemic Differ in the Developing World?|
with Minki Kim, David Lagakos, Mitchell VanVuren: w27273
The COVID-19 pandemic has already led to dramatic policy responses in most advanced economies, and in particular sustained lockdowns matched with sizable transfers to much of the workforce. This paper provides a preliminary quantitative analysis of how aggregate policy responses should differ in developing countries. To do so we build an incomplete-markets macroeconomic model with epidemiological dynamics that features several of the main economic and demographic distinctions between advanced and developing economies relevant for the pandemic. We focus in particular on differences in population structure, fiscal capacity, healthcare capacity, the prevalence of ``hand-to-mouth'' households, and the size of the informal sector. The model predicts that blanket lockdowns are generally less eff...
|April 2020||The Impact of COVID-19 on Gender Equality|
with Matthias Doepke, Jane Olmstead-Rumsey, Michèle Tertilt: w26947
The economic downturn caused by the current COVID-19 outbreak has substantial implications for gender equality, both during the downturn and the subsequent recovery. Compared to “regular” recessions, which affect men’s employment more severely than women’s employment, the employment drop related to social distancing measures has a large impact on sectors with high female employment shares. In addition, closures of schools and daycare centers have massively increased child care needs, which has a particularly large impact on working mothers. The effects of the crisis on working mothers are likely to be persistent, due to high returns to experience in the labor market. Beyond the immediate crisis, there are opposing forces which may ultimately promote gender equality in the labor market. Fir...
|September 2017||Older and Slower: The Startup Deficit’s Lasting Effects on Aggregate Productivity Growth|
with David Berger, Robert Dent, Benjamin Pugsley: w23875
We investigate the link between declining firm entry, aging incumbent firms and sluggish U.S. productivity growth. We provide a dynamic decomposition framework to characterize the contributions to industry productivity growth across the firm age distribution and apply this framework to the newly developed Revenue-enhanced Longitudinal Business Database (ReLBD). Overall, several key findings emerge: (i) the relationship between firm age and productivity growth is downward sloping and convex; (ii) the magnitudes are substantial and significant but fade quickly, with nearly 2/3 of the effect disappearing after five years and nearly the entire effect disappearing after ten; (iii) the higher productivity growth of young firms is driven nearly exclusively by the forces of selection and reallocat...
Published: Titan Alon & David Berger & Robert Dent & Benjamin Pugsley, 2017. "Older and Slower: The Startup Deficit’s Lasting Effects on Aggregate Productivity Growth," Journal of Monetary Economics, . citation courtesy of