Economist. Assistant Professor of Finance at @Wharton

Philadelphia, PA
Joined July 2014
Gideon Bornstein retweeted
Expanding Medicaid increased credit-card borrowing by improving access to credit. The credit-supply channel generated 30 percent of the policy’s net welfare gains, from Gideon Bornstein and @sashaindarte nber.org/papers/w35908
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Finding NBER Summer Institute talks on YouTube is surprisingly frustrating. I asked Claude to build a searchable webpage that finds any talk by paper, author, or session, and jumps straight to where it starts in the video. Link in the first reply.
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gideon-bornstein.com/si2026.… Covers weeks 1–2 (390 talks, 32 sessions), with links to each paper and slides. Timestamps are automated, so they can be off by a minute.
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Gideon Bornstein retweeted
Debt can push viable firms out of the market. Quantifying the welfare losses from excess exits finds that the marginal propensity to exit with debt disciplines financial frictions, from Gideon Bornstein and @lcastillomart nber.org/papers/w35479
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Gideon Bornstein retweeted
Welcome to One Extra Year — a new project on pregnancy, motherhood, and how academia evaluates women’s CVs. Each week, a female economist will share her story. We begin with our very own @Federomei1 . Read, reflect, and join the conversation. @AEACSWEP oneextrayear.substack.com/p/…
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Gideon Bornstein retweeted
I was a 10x engineer. Now I'm useless.
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Gideon Bornstein retweeted
אני חושש שיש חוסר הבנה עמוק לגבי המצב בעזה בימים האחרונים. הוא שונה מהותית מכל מה שהיה עד כה במלחמה. היו כאן מגיבים, חלקם תמימים, חלקם פשוט נאצים, שאמרו שהם כבר שמעו אזהרות כאלה מתחילת המלחמה ואין שום סיבה להאמין להן. אז לא. המצב הוא שונה קיצונית מכל מה שהיה עד עכשיו.>
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Gideon Bornstein retweeted
While we’re waiting for Musk to overthrow the present regime, would you like to learn about some recent advances in markups and misallocation, and what it implies for some recent papers? The link is below:
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Great paper by @Ale_M_Peter and @GidiBo conditionally accepted at American Economic Review. I agree with the paper of the year (though, admittedly I’m biased 🙃)
Allowing for quantity discounts completely flips the logic of misallocation from markups on its head. Firm-level misallocation is much lower, consumer misallocation is much higher, and the normal subsidies don’t work. Possibly paper of the year? 1/
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Gideon Bornstein retweeted
There is a close to ubiquitous finding in WB firm-level diagnostics of declining entry of new firms & increased incumbency of older firms. And associated recommendations on the regulatory side. As this paper lays out for case of US, demand effects from demography also matter.
Population aging affects firm entry and profits via demand: older households' higher consumer inertia acts as a barrier to entry and lets incumbents raise markups, from Gideon Bornstein nber.org/papers/w33820
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Gideon Bornstein retweeted
Population aging affects firm entry and profits via demand: older households' higher consumer inertia acts as a barrier to entry and lets incumbents raise markups, from Gideon Bornstein nber.org/papers/w33820
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פעילת הימין מור שעל מדברת עם מרצה לתלמוד באוניברסיטת חיפה על הנכבה
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Gideon Bornstein retweeted
We’re hiring pre-docs! Gideon Bornstein, Sergio Salgado, and I are accepting applications for a full-time pre-doc. Work alongside us at @Wharton on research in macroeconomics, household finance, and inequality. Priority deadline is *Nov. 26* Apply: wd1.myworkdaysite.com/en-US/…
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Gideon Bornstein retweeted
Think quantity discounts only make you end up with expired painkillers? Our 🚨new and revised paper🚨 shows how in general equilibrium, they overturn classic results on misallocation across firms and across consumers. @GidiBo 🧵
New CEPR Discussion Paper - DP19672 Nonlinear Pricing and Misallocation Gideon Bornstein @GidiBo @Penn @Wharton, Alessandra Peter @Ale_M_Peter @nyuniversity ow.ly/EzQY50U5otc #CEPR_MG #economics
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Gideon Bornstein retweeted
New CEPR Discussion Paper - DP19672 Nonlinear Pricing and Misallocation Gideon Bornstein @GidiBo @Penn @Wharton, Alessandra Peter @Ale_M_Peter @nyuniversity ow.ly/EzQY50U5otc #CEPR_MG #economics
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Gideon Bornstein retweeted
Nonlinear pricing breaks the tight link between markup dispersion and misallocation across firms. Instead, significant misallocation across consumers of the same firm, is found, from @gidibo and Alessandra Peter nber.org/papers/w33144
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Gideon Bornstein retweeted
How does changing social insurance programs, like Medicaid, affect household debt? @GidiBo and I find borrowing can *increase* when insurance makes consumers more financially resilient! Thanks for the chance discuss this research on @Wharton's new podcast Ripple Effect 👇
.@Wharton's @SashaIndarte shares her research on the effects of access to Medicaid. People... ✔️ are less likely to default ✔️ are less likely to have debt collections ✔️ have more access to credit 🎙️ #FinancialLiteracyMonth Ripple Effect podcast: whr.tn/4aiTyfv
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