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New NBER working paper from Zachary Bleemer and Sarah Quincy traces the decline in college’s equalizing power since 1960. Three forces drive 80% of the growing regressivity in college wage returns. Read here to learn more! bit.ly/4dCE2h5

Apply now for the 2025 Macrofinance Online Summer School (June 3–July 3)! Taught by Markus Brunnermeier and other leading scholars, the course covers advanced continuous-time modeling in macro, monetary, & international finance. Details: bit.ly/4mBrPgA

A huge congratulations to the Economics Class of 2025! This year’s seniors were recognized for academic achievement, creative research, and standout theses. We’re proud to celebrate their accomplishments and are excited for what lies ahead. Read more: bit.ly/4jrbaJI

Congratulations to the 2025 Economics Ph.D. graduates! We honored 15 new Ph.D.s this week, with two more set to finish their defenses this summer. We look forward to cheering you on in your future successes. View some photos from the graduation reception:

On May 16, Princeton welcomed pre-docs from 9 institutions for a day of original research and discussion at the first Pre-Doctoral Economics Conference. Topics ranged from AI and crime to migration, gender, housing, and more. Read more: bit.ly/3SBaRRN

Next on #MarkusAcademy, Jonathan Haskel joins Markus Brunnermeier for a presentation on AI and productivity tomorrow at 12:30 PM ET. Haskel is a Professor of Economics at Imperial Business School. RSVP to watch live: bit.ly/4mIkGLu

Congratulations to Markus Brunnermeier on receiving the Michael J. Brennan Best Paper Award from The Review of Financial Studies for “Who Can Tell Which Banks Will Fail?” The paper examines interbank dynamics during Germany’s 1931 banking crisis. Read more: bit.ly/4jDomvg

Welcome, Magnus Irie! Former Princeton Bendheim Center for Finance Pyewacket Postdoc, Irie joins Princeton Economics as Assistant Professor. His macro-finance research explores how entrepreneurial finance shapes wealth concentration and inequality. Read more: bit.ly/4kO0vtE

Class Day, research awards, and new appointments marked an eventful May for Princeton Economics. Highlights include the Ph.D. Graduation Reception, Karina Li’s Princeton Research Day award, and an undergraduate NYC finance trip. Read the full newsletter: bit.ly/447zEmV

Harvard’s N. Gregory Mankiw ’80 joined Alan Blinder ’67 for a Princeton Reunions talk hosted by the The Griswold Center for Economic Policy Studies on "What Does the Fiscal Future Hold?" Read here for more info and photos: bit.ly/3HQUjD1

What were the most noteworthy labor economics books of 2024? From AI and connective labor to deindustrialization and industrial policy, this year’s selections cover it all! See the full list via Princeton University Library: bit.ly/43Zky1s

New in AER: Insights Princeton’s Daniel Chen co-authors a paper on how agents choose learning strategies under time-risk preferences. Read: bit.ly/4jSPzu9

The Economics of Children's Health and Development conference, held yesterday and today at Princeton University, pays tribute to the incredible legacy of Professor Janet Currie and her pioneering work in the fields of economics and children's health. More details from the event to follow.

Watch the full 2025 GCEPS Reunions Talk featuring leading economists N. Gregory Mankiw ’80 and Alan Blinder ’67 as they discuss the future of U.S. fiscal policy and the challenges that lay ahead: bit.ly/44yzwfx

Mike Schmidt, former CHIPS Program Office director, joins The Griswold Center for Economic Policy Studies as a distinguished visitor. His research will help shape industrial policy frameworks to support national security. Learn more: bit.ly/40inO76

BCF-affiliated faculty Arvind Narayanan shares the story behind writing "AI as Normal Technology", the paper that’s raising relevant questions and reshaping AI policy debate. Read the post for his reflections: bit.ly/3ZPAH8G

At a conference co-hosted by Econ & Princeton CHW, academics gathered to honor Janet Currie, the Henry Putnam Professor of Economics & Public Affairs at Princeton School of Public & International Affairs, and her impact on the field of children’s health and development economics. Read more: bit.ly/4nl929L

Sanjeev Arora joined #MarkusAcademy, hosted by Markus Brunnermeier, to discuss how AI models go beyond parroting learning, reasoning, and even self-improving. From synthetic data to metacognition, watch highlights from the talk: bit.ly/3Hh6pFd

The “razor’s edge deficit,” drawn from research by John Laporte 1967 Professor Atif Mian, Ludwig Straub, and Amir Sufi, explains why gov deficits may be the only way out of a liquidity trap in a savings-glut economy. Read more of the deep dive by Financial Times: on.ft.com/4lqGf1M

Our June newsletter highlights a tribute to Janet Currie’s pioneering work, 2024’s top labor economics books, exciting faculty updates, and a best paper award for Markus Brunnermeier! Catch up on another incredible month at Princeton Econ here: bit.ly/3Gj5O62