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Our New Book on How Immigration Affects Economic Institutions SHARE About 15 years ago, Benjamin Powell and I started working together on an academic paper about Somalia that the Journal of Economic Behavior and Organizationeventually published. We corresponded entirely through email on the project while our other co‐​author Ryan Ford worked with Powell in person. It wasn’t until years later that we even met in person. But little did either of us know that our collaboration together would eventually result in a co‐​authored book. Today is the release date for our book Thi...

Marco Francesconi, Robert Pollak, Domenico Tabasso People care about their social position, their consumption practices, and their income relative to others (Duesenberry 1949, Easterlin 1974 and 1995, Blanchflower and Oswald 2004). But how well do they actually understand the income of peers in their reference groups – such as people from the same cohort, those working in the same sector or firm, living in the same city or neighbourhood, or with the same level of education – and their own position relative to their peers? How do they view the (un)fairness of inequality within these differ...

Credit: Sergey Stepanov (HSE University) In assessing an employee's performance, employers often listen to his immediate supervisor or colleagues, and these opinions can be highly subjective. Sergey Stepanov, an economist from HSE University, has shown that biased evaluations can actually benefit employers. An article substantiating this finding was published in the The model described in the article 'Biased Performance Evaluation in A Model of Career Concerns: Incentives versus Ex-Post Optimality' was developed within the 'career concerns' framework pioneered by Bengt Holmström. His paper ...