The National Bureau of Economic Research (NBER), with generous support from the Peter G. Peterson Foundation, is accepting applications for a one-year post-doctoral fellowship. This fellowship is designed for early-career economists to conduct intensive research on topics related to long-term fiscal policy, including taxation, entitlement programs, and government borrowing. Applications are welcome from those completing their PhDs as well as junior faculty members seeking to combine this fellowship with early career leave. The subject matter of research may be any aspect of long-term fiscal policy, including but not limited to:
- Analysis of how the level of government debt affects economic growth and of the feedback loops between the debt-to-GDP ratio and the growth rate of spending and taxes.
- Investigation of the role of reforms to entitlement spending, other government programs, and tax reform in addressing long-run structural deficits in the U.S or other nations.
- Exploration of the links between tax policy and economic growth, with particular emphasis on the way different tax instruments impact an economy’s long-term growth.
- Research on the fiscal consequences of an aging population, including the effect of changing age mix on the level and composition of government spending, on the domestic demand for government debt, and on labor markets.
- Study of fiscal institutions and fiscal rules to learn whether certain institutional structures, such as balanced-budget rules, are associated with lower structural deficits.
Consideration of the interplay between federal and state fiscal policy in the United States and the role of intergovernmental transfers of revenue authority and program responsibility in affecting measured federal or state fiscal positions.
One fellowship will be awarded for academic year 2025-26. The fellowship consists of a stipend of $95,000, reimbursement for health insurance, a travel and research allowance, and an office at the NBER. Fellows will be expected to spend the academic year at the NBER. Fellowship related activities are expected to represent the fellow’s primary responsibility during the year. By June 15, 2025, the fellow must deliver at least one research paper on long-term fiscal policy that is the result of research during the fellowship year.
The fellowship selection committee will be chaired by James Poterba (MIT and NBER), and will include NBER Research Associates Alan Auerbach (University of California – Berkeley), Valerie Ramey (Stanford University), and Kent Smetters (University of Pennsylvania). The fellow will be selected based on the committee’s assessment of their potential to make an important contribution to the understanding of long-term fiscal policy. The fellowship recipient will be notified in January, 2025.
Applicants must have completed their PhD in Economics by June, 2025. Applications from early-career researchers who received their Ph.Ds. in earlier years are also welcome. The NBER welcomes applications from women, members of groups that have been under-represented in the economics profession, individuals with disabilities, and veterans. The NBER may be able to sponsor fellowship recipients for a J-1 visa under its research scholars program.
Applicants should submit a curriculum vitae, a recommendation letter, and a research proposal of no more than 3 pages of text, 2 pages of tables/graphs, and 1 page of references, double-spaced, by 11.59 pm EST on Thursday, December 5, 2024.
Please visit Job Openings for Economists to upload application materials for this position.