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Enrico Moretti - Haas School of Business, University of California, Berkeley. Berkeley, CA, US

Enrico Moretti Enrico Moretti

Professor | Haas School of Business & Department of Economics |University of California, Berkeley

Berkeley, CA, UNITED STATES

Expert on urban economics and labor economics

Social

Areas of Expertise (3)

Labor Economics Urban Economics The Economics of Cities and Regions

About

Enrico Moretti is the Michael Peevey and Donald Vial Professor of Economics at the University of California, Berkeley. He serves as the Editor in Chief of the Journal of Economic Perspectives and is a Visiting Scholar at the Federal Reserve Bank of San Francisco. He is also Research Associate at the National Bureau of Economic Research (Cambridge), Research Fellow at the Centre for Economic Policy Research (London) and the Institute for the Study of Labor (Bonn).

Professor Moretti’s 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. His book, “The New Geography of Jobs”, has been translated in seven languages and was awarded the William Bowen Prize for the most important contribution toward understanding public policy and the labor market.

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Education (2)

University of California, Berkeley: PhD, Economics

Bocconi University, Milano, Italy: Laurea, Economics

Honors & Awards (10)

Best Paper Prize – American Economic Journal, Applied Economics for the paper “Real Wage Inequality”

2015

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

2014

Fellow, Society of Labor Economists

2014

William Bowen Prize, awarded by Princeton University Industrial Relations Section to the book making the most important contribution toward understanding public policy and the labor market

2013

Carlo Alberto Medal, awarded to an Italian economist under the age of 40 for his/her outstanding research contributions to the field of economics

2008

IZA Young Labor Economist Award, for an outstanding paper published in labor economics by a researcher younger than 40

2006

Alfred P. Sloan Doctoral Dissertation Fellowship

1999

Fulbright Fellowship

1994

Scholarship for Best Undergraduate Thesis, Lombardia Regional Council, Italy

1993

Best Undergraduate Thesis in Public Economics, CIRIEC, Milano, Italy

1993

Positions Held (1)

At Haas since 2016

2016 – Present, Professor, Real Estate Group, Haas School of Business
2016 – Present, Research Affiliate, International Growth Centre, London
2015 – Present, Editor in Chief, Journal of Economic Perspectives
2008 – Present, Michael Peevey and Donald Vial Professor of Economics, Department of Economics
2008 – Present, Visiting Scholar, Federal Reserve Bank of San Francisco
2008 – Present, Honorary Fellow, Collegio Carlo Alberto, Torino, Italy
2007 – Present, Senior Fellow, Rimini Centre for Economic Analysis, Italy
2005 – Present, Research Associate, National Bureau of Economic Research, Cambridge
2004 – Present, Research Fellow, Centre for Economic Policy Research, London
2004 – Present, Research Fellow, Institute for the Study of Labor (IZA), Bonn
2015-2016 Vic Trione Visiting Professor of Economics, Stanford University
2008 – 2014, Director, Urbanization Program, International Growth Centre, London School of Economics, London
2013 Consultant, World Bank
Oct 2011, Visitor, Cowles Foundation for Research in Economics, Yale University
2010 – 2011, Vic Trione Visiting Professor of Economics, Stanford University
2004 – 2008, Associate Professor (with tenure), Department of Economics, University of California, Berkeley
2000 – 2004, Assistant Professor, Department of Economics, UCLA
2002 Visiting Scholar, Columbia Business School
2002 – 2005, Faculty Research Fellow, National Bureau of Economic Research, Cambridge
1993 – 1994, Social Worker, City of Cassano Magnago, Italy

Media Appearances (12)

A new study assesses whether inheritance taxes boost net revenues

The Economist  

2019-11-30

A new study by Enrico Moretti of the University of California, Berkeley and Daniel Wilson of the Federal Reserve Bank of San Francisco suggests that state governments can reap gains from estate taxes, even though they are easy to avoid.

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How to Get a Better Deal From a Real Estate Agent

The New York TImes  

2019-10-24

Commissions paid to realtors for selling a home appear to be stuck at an inefficiently high rate, according to a study by the economists Enrico Moretti, a professor at the University of California, Berkeley and Chang-Tai Hsieh, a professor at the University of Chicago.

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Estate Tax Can Pay Off for States, Even if the Superrich Flee

The New York Times  

2019-10-20

Research by Enrico Moretti of the University of California, Berkeley, and Daniel J. Wilson of the Federal Reserve Bank of San Francisco found that even the though rich can move to avoid estate taxes, the payout for states that impose them is still large.

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Interview with Enrico Moretti

Econ Focus (Federal Reserve Bank of Richmond)  

First Quarter, 2019
Geographic differences in economic well-being, it seems, have become increasingly salient in American policy and political conversation. These differences are a longtime concern of University of California, Berkeley economist Enrico Moretti.

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How Smaller Cities Are Trying to Plug America's Brain Drain

WIRED  

2019-08-12

This has led to what UC Berkeley economist Enrico Moretti calls “America’s great divergence”: A handful of cities attract the bulk of high-paying jobs, increasing the economic disparity between those who work in these cities and those who do not. Moretti says the trend is the result of what economists call “agglomeration benefits.” When a bunch of skilled workers and firms in a similar industry are located near one another, it’s easier to find specialists, knowledge tends to spill over from one firm to another, and firms see higher rates of innovation and productivity...

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The Benefits of High-Tech Job Growth Don’t Trickle Down

CityLab  

2019-08-08

In The New Geography of Jobs, economist Enrico Moretti argues that every high-tech job has a multiplier effect of an additional five jobs, spurring a virtuous cycle of economic development and employment growth...

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Why New York City Made a Big Mistake Saying 'No' to Amazon

The National interest Online  

2019-08-02

Just how much did that backlash cost NYC. Here is economist Enrico Moretti, author of “The New Geography of Jobs,” in a fantastic interview with the Richmond Fed...

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To Fix Its Housing Crunch, One U.S. City Takes Aim at the Single-Family Home

Bloomberg Businessweek  

2019-07-31

Academics have started to quantify the costs that local restrictions on land use can inflict nationwide. In a recent paper, Chang-Tai Hsieh, of the University of Chicago’s Booth School of Business, and Enrico Moretti, at the University of California at Berkeley, argued that barriers to building more homes in New York, San Francisco, and San Jose lowered U.S. economic growth by 36% from 1964 to 2009. Impediments to housing supply in these highly productive places effectively kept Americans from making an additional $3,685 per person per year by 2009, they found...

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America’s Dual Housing Crisis and What Democrats Plan to Do About It, Explained

Vox  

2019-07-30

But if it were economically feasible for more people to move to the highest wage areas, economists Chang-Tai Hsieh and Enrico Moretti calculated that national economic output would rise 9.5 percent. The fact that the most expensive parts of the country also generally have the lowest greenhouse gas emissions per capita is another reason to regret that more people don’t live in those places...

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Tech Companies Say it's Too Hard to Hire High-Skilled Immigrants in the U.S. — So They're Growing in Canada Instead

TIME  

2019-07-25

The innovation economy creates jobs outside of tech, too. Research by the Berkeley economist Enrico Moretti suggests that every high-paying tech job created in an economy results in five more openings, including positions like lawyers, nurses, and hairdressers...

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Does Focusing on Manufacturing Make Sense for the US?

Bloomberg  

2019-06-20

And third, manufactured goods are easy to export, which helps not just the country but also the cities where the products are made. Economist Enrico Moretti found that every high-skilled manufacturing job in a city generates about 2.5 jobs in the nontradable sector (retail, construction and so on) in that same city...

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Does New York Still Have a Future in Tech?

New York Times  

2019-02-20

Amazon’s decision on Feb. 14 to cancel its plans in New York City was actually the second time that New York missed its chance to host Amazon headquarters. The first time was in 1994, and what happened then informs what might happen next...

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Working Papers (10)

The Effect of High-Tech Clusters on the Productivity of Top Inventors,

Enrico Moretti

August 2019

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Taxing Billionaires: Estate Taxes and the Geographical Location of the Forbes 400

Enrico Moretti, Daniel J. Wilson

April 2019

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Wage Equalization and Regional Misallocation: Evidence from Italian and German Provinces

Tito Boeri, Andrea Ichino, Enrico Moretti, Johanna Posch

February 2019

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Estimating Who Benefits From Productivity Growth: Direct and Indirect Effects of City Manufacturing TFP Growth on Wages, Rents, and Inequality

Richard Hornbeck, Enrico Moretti

January 2019

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Matching in Cities

Wolfgang Dauth, Sebastian Findeisen, Enrico Moretti, Jens Suedekum

2019

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The Geography of Consumption Inequality

Enrico Moretti, R. Diamond

2019

Agglomeration of Urban Amenities: Evidence from Milano Restaurants

Enrico Moretti, M. Leonardi

2019

The World’s Rust Belts

Enrico Moretti, L. Gagliardi, M. Serafinelli

2019

The Intellectual Spoils of War? Defense R&D, Productivity and Spillovers

Enrico Moretti, Claudia Steinwender, John Van Reenen

2019

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Bidding for Industrial Plants: Does Winning a ’Million Dollar Plant’ Increase Welfare?

Michael Greenstone, Enrico Moretti

2004

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Selected Research Grants (24)

Grant

Fisher Center for Real Estate and Urban Economics 

2016 - 2018

Grant

NBER Innovation Policy 

2015 - 2016

Research Grant

Microsoft 

2013 - 2014

Grant

Fisher Center for Real Estate and Urban Economics 

2013 - 2014

Grant

NBER Innovation Policy 

2011 - 2012

Research Grant

Microsoft 

2011 - 2012

Policy Research Grant

Upjohn Institute 

2011 - 2012

Grant

Fisher Center for Real Estate and Urban Economics 

2010 - 2011

Research Grant

Equitable Growth Center 

2010 - 2013

UK Center for Poverty Research

Regional Grant 

2009 - 2010

Pilot Grant

Robert Wood Johnson Foundation and BPC 

2008 - 2009

Grant

Labor and Employment Research Fund 

2007 - 2008

Grant

National Institute of Health (with J. Currie and M. Greenstone) 

2007 - 2009

Grant

Coleman Fung Risk Management (with U. Malmendier) 

2006 - 2007

Grant

Labor and Employment Research Fund (with A. Mas) 

2006 - 2007

Research Grant

Center for Health 

2006 - 2007

Grant

UC Berkeley Council on Research 

2004 - 2010

Grant

CEDA 

2005 - 2006

Research Grant

Center for Health 

2005 - 2006

NBER Fellowship for the Study of Nonprofit Institutions

(With D. Card) 

2004 - 2005

Grant (with J. Currie)

National Science Foundation 

2003 - 2007

Grant (with D. Lee)

National Science Foundation 

2002 - 2006

Grant (with M. Neidell)

California Center for Population Research 

2003 - 2004

Grant

UCLA Academic Senate 

2000 - 2004

Selected Papers & Publications (54)

The Effect of High-Tech Clusters on the Productivity of Top Inventors Berkeley, NBER, CEPR

Enrico Moretti

August 2019

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Housing Constraints and Spatial Misallocation American Economic Journal: Macroeconomics

Enrico Moretti, Chang-Tai Hsieh

2019

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Winning by Losing: Evidence on Overbidding in Mergers The Review of Financial Studies

Enrico Moretti, Ulrike Malmendier

2018

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The Effect of State Taxes on the Geographical Location of Top Earners: Evidence from Star Scientists American Economic Review

Enrico Moretti, Daniel Wilson

2017

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Estimating and Testing Models with Many Treatment Levels and Limited Instruments The Review of Economics and Statistics

Lance Lochner, Enrico Moretti

2015

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Are Cities the New Growth Escalator? in ”The Urban Imperative: Towards Competitive Cities”

Enrico Moretti

2015

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Local Economic Development, Agglomeration Economies and the Big Push: 100 Years of Evidence from the Tennessee Valley Authority Quarterly Journal of Economics

Patrick Kline, Enrico Moretti

2014

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People, Places and Public Policy: Some Simple Welfare Economics of Local Economic Development Programs Annual Review of Economics

Patrick Kline, Enrico Moretti

2014

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State Incentives for Innovation, Star Scientists and Jobs: Evidence from Biotech The Journal of Urban Economics

Enrico Moretti, Daniel J. Wilson

2013

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Place Based Policies with Unemployment American Economic Review, Papers and Proceedings

Patrick Kline, Enrico Moretti

2013

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Local Multipliers and Human Capital in the US and Sweden Industrial and Corporate Change

Enrico Moretti, Per Thulin

2013

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Real Wage Inequality American Economic Journal: Applied Economics

Enrico Moretti

2013

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Inequality at Work: the Effect of Peer Salaries on Job Satisfaction American Economic Review

David Card, Alexandre Mas, Enrico Moretti, Emmanuel Saez

2012

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Local Labor Markets Handbook of Labor Economics

Enrico Moretti

2011

Social Learning and Peer Effects in Consumption: Evidence from Movie Sales Review of Economic Studies

Enrico Moretti

2011

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Superfund Cleanups and Infant Health American Economic Review

Janet Currie, Michael Greenstone, Enrico Moretti

2011

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Identifying Agglomeration Spillovers: Evidence from Winners and Losers of Large Plant Openings Journal of Political Economy

Michael Greenstone, Richard Hornbeck, Enrico Moretti

2010

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Local Multipliers American Economic Review

2010

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The Geography of Giving: The Effect of Corporate Headquarters on Local Charities Journal of Public Economics

David Card, Kevin F. Hallock, Enrico Moretti

2010

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The Political Economy of Intergenerational Income Mobility Economic Inquiry

Andrea Ichino, Loukas Karabarbounis, Enrico Moretti

2011

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The Effects of Fast Food Restaurants on Obesity American Economic Journal: Economic Policy

Janet Currie, Stefano DellaVigna, Enrico Moretti, Vikram Pathania

2010

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Pollution, Health, and Avoidance Behavior: Evidence from the Ports of Los Angeles Journal of Human Resources

Enrico Moretti, Matthew Neidell

2011

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Peers at Work American Economic Review

Alexandre Mas, Enrico Moretti

2009

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The Demand for Sons Review of Economic Studies

Gordon B. Dahl, Enrico Moretti

2008

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Biological Gender Differences, Absenteeism and the Earning Gap American Economic Journal: Applied Economics

Andrea Ichino, Enrico Moretti

2019

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Bayesian Learning and the Pricing of New Information: Evidence from Prediction Markets American Economic Review

David S. Lee, Enrico Moretti

2009

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Racial Bias in the 2008 Presidential Election American Economic Review

Alexandre Mas, Enrico Moretti

2009

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Extreme Weather Events, Mortality and Migration Review of Economics and Statistics

Olivier Deschenes, Enrico Moretti

2009

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Biology As Destiny? Short and Long-Run Determinants of Intergenerational Transmission of Birth Weight Journal of Labor Economics

Janet Currie, Enrico Moretti

2007

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Did Iraq Cheat the United Nations? Underpricing, Bribes, and the Oil for Food Program Quarterly Journal of Economics

Chang-Tai Hsieh, Enrico Moretti

2006

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Why do Most Italian Youths Live with Their Parents? Intergenerational Transfers and Household Structure Journal of the European Economic Association

Marco Manacorda, Enrico Moretti

2006

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The Dynamics of Criminal Behavior Journal of Human Resources

Brian Jacob, Lars Lefgren, Enrico Moretti

2007

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Does Voting Technology Affect Election Outcomes? Touch-screen Voting and the 2004 Presidential Elections Review of Economics and Statistics

David Card, Enrico Moretti

2007

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Private and Social Returns to Education Rivista di Politica Economica

Enrico Moretti

2006

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Does Managed Care Hurt Health? Evidence from Medicaid Mothers Review of Economics and Statistics

Anna Aizer, Janet Currie, Enrico Moretti

2007

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Do Microfinance Programs Help Families Insure Consumption Against Illness? Health Economics

Paul Gertler, David Levine, Enrico Moretti

2009

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Is Social Capital the Capital of the Poor? The Role of Family and Community in Helping Insure Living Standards Against Health Shocks CESifo Economic Studies

Paul Gertler, David I. Levine, Enrico Moretti

2006

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Crime and the Costs of Criminal Justice In ”The Price We Pay: Economic and Social Consequences of Inadequate Education”

2007

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Did the Introduction of Food Stamps Affect Birth Outcomes in California? In ”Making Americans Healthier”

Enrico Moretti

2008

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Workers’ Education, Spillovers and Productivity: Evidence from Plant-Level Production Functions American Economic Review

Enrico Moretti

2004

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The Effect of Education on Criminal Activity: Evidence from Prison Inmates, Arrests and Self-Reports American Economic Review

Lance Lochner, Enrico Moretti

2004

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Estimating the Social Return to Higher Education: Evidence From Cross-Sectional and Longitudinal Data Journal of Econometrics

Enrico Moretti

2004

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Do Voters Affect or Elect Policies? Evidence from the U.S. House Quarterly Journal of Economics

David S. Lee, Enrico Moretti, Matthew J. Butler

2004

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Does Education Improve Citizenship? Evidence from the U.S. and the U.K. Journal of Public Economics

Kevin Milligan, Enrico Moretti, Philip Oreopoulos

2006

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Human Capital Externalities in Cities Handbook of Urban and Regional Economics

Enrico Moretti

2004

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A Small Sample Estimator For Sample Selection Econometric Reviews

Amos Golan, E. Horstman Moretti, Jeffrey M. Perloff

2004

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Can Free Entry Be Inefficient? Fixed Commission and Social Waste in the Real Estate Industry Journal of Political Economy

Chang-Tai Hsieh, Enrico Moretti

2003

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Mother’s Education and the Intergenerational Transmission of Human Capital: Evidence from College Openings Quarterly Journal of Economics

Janet Currie, Enrico Moretti

2003

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Efficiency Wages and Deferred Payments in Agriculture American Journal of Agricultural Economics

Enrico Moretti, Jeffrey M. Perloff

2002

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Do Wages Compensate for Risk of Unemployment? Parametric and Semiparametric Evidence from Seasonal Jobs Journal of Risk and Uncertainty

Enrico Moretti

2000

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Use of Public Transfer Programs and Private Aid by Farm Workers Industrial Relations

Enrico Moretti, Jeffrey M. Perloff

2000

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Migrations and Social Networks: Italy 1889-1913 International Migration Review

Enrico Moretti

1999

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An Information Based Sample Selection Model of Agricultural Workers’ Choice Between Piece Rate and Hourly Work American Journal of Agricultural Economics

Amos Golan, Enrico Moretti, Jeffrey M. Perloff

1999

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Optimal Environmental Policies Under Uncertainty and Irreversibility Giornale degli Economisti (in Italian)

Enrico Moretti

1993

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