Daniel Joseph Herbst

Interests

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Courses

Scholarly Contributions

Journals/Publications

• Herbst, D. J. (2022). Liquidity and Insurance in Student Loan Contracts: The Effects of Income-Driven Repayment on Borrower Outcomes. AEJ: Applied Economics.
• Herbst, D. J., & Hendren, N. (2021). Opportunity Unraveled: Private Information and Missing Markets for Human Capital. American Economic Review.
• Herbst, D. (2023). The Impact of Income-Driven Repayment on Student Borrower Outcomes. American Economic Journal: Applied Economics, 15(1), 1-25. doi:10.1257/app.20200362
• Herbst, D. J. (2020). Unions and Inequality Over the Twentieth Century: New Evidence from Survey Data. Quarterly Journal of Economics.
• Herbst, D., Farber, H. S., Kuziemko, I., & Naidu, S. (2021). Unions and Inequality over the Twentieth Century: New Evidence from Survey Data. The Quarterly Journal of Economics, 136(3), 1325-1385. doi:10.1093/qje/qjab012
• Herbst, D., & Mas, A. (2015). Peer effects on worker output in the laboratory generalize to the field. Science, 350(6260). doi:10.1126/science.aac9555
  More info

  We compare estimates of peer effects on worker output in laboratory experiments and field studies from naturally occurring environments. The mean study-level estimate of a change in a worker's productivity in response to an increase in a co-worker's productivity (γ) is γ = 0.12 (SE = 0.03, nstudies = 34), with a between-study standard deviation τ = 0.16. The mean estimated γ-values are close between laboratory and field studies (γlab - γfield = 0.04, P = 0.55, nlab = 11, nfield = 23), as are estimates of between-study variance τ2 (τ2lab - τ2field = -0:003, P = 0.89). The small mean difference between laboratory and field estimates holds even after controlling for sample characteristics such as incentive schemes and work complexity (γlab - γfield = 0.03, P = 0.62, nsamples = 46). Laboratory experiments generalize quantitatively in that they provide an accurate description of the mean and variance of productivity spillovers.

Presentations

• Herbst, D. J. (2021). Equity and Incentives in Human Capital Investment. IPA Financial Inclusion Research Gathering.
• Herbst, D. J. (2021). Equity and Incentives in Human Capital Investment. Spring Meeting of the NBER Education Working Group.
• Herbst, D. J. (2021). Opportunity Unraveled: Private Information and Missing Markets for Human Capital. Economics seminar at UC Merced.
• Herbst, D. J. (2021). Opportunity Unraveled: Private Information and Missing Markets for Human Capital. Economics seminar at University of Hong Kong.
• Herbst, D. J. (2021). Opportunity Unraveled: Private Information and Missing Markets for Human Capital. European Winter Meeting of the Econometric Society.
• Herbst, D. J. (2021). Opportunity Unraveled: Private Information and Missing Markets for Human Capital. IIPF Congress Meeting.
• Herbst, D. J. (2021). Opportunity Unraveled: Private Information and Missing Markets for Human Capital. Joint Meeting of NBER Public Economics and Insurance Groups.
• Herbst, D. J. (2020, Fall). Opportunity Unraveled: Private Information and Missing Markets for Human Capital. University of Arizona Agricultural and Resource Economics Seminar.
• Herbst, D. J. (2020, Fall). Opportunity Unraveled: Private Information and Missing Markets for Human Capital. University of Bristol Economics Seminar.