National Bureau of Economic Research, Inc.
To support over 50 programs with thousands of in-person and online participants at the annual NBER Summer Institute
Sloan support for the National Bureau of Economic Research (NBER) is nearly as old as the Foundation itself. A private non-profit, NBER is so strictly non-partisan that its charter forbids the making of policy recommendations. Papers released each week through its highly influential preprint series therefore speak instead about what either did or would happen under these or those circumstances. The best empirical economists from around the country are NBER members. Supported by grants from a variety of funders, they participate in working groups, conferences, and other research-enhancing activities. The highlight of the year for most empirical economists is the Summer Institute. NBER takes over a hotel in Cambridge, Massachusetts, for three weeks each July where 2,500 researchers gather in more than 50 distinct programs. About a dozen related conferences run in parallel. There are also lectures and networking opportunities for everyone, including meals, social events, and side meetings. The best papers of the year are typically workshopped and refined at the Summer Institute. Presentations are followed by spirited questioning, usually kicked off by pre-designated discussants. It is all very intense, and an invitation to speak is a rite of passage for aspiring economists. Even Nobel Laureate Paul Krugman has written about how the first paper he gave there in 1979 not only 'jump started his career' but was 'the best 90 minutes of his life.' Traditionally seen as quite an exclusive affair, the Summer Institute has been steadily earning a reputation for inclusivity as well. The pandemic helped, since virtual sessions were suddenly open to many more who could participate remotely. NBER now invites and funds top pre-doctoral students from the Summer Training Program designed by the American Economics Association to increase its diversity. More invitations, outreach, and travel grants are specifically targeting faculty members at Minority Serving Institutions generally and through programs NBER helps run at Historically Black Colleges and Universities. Inclusivity is also being enhanced by procedures to introduce, orient, and network participants who have not attended a Summer Institute before. After running studies comparing the climate for male and female speakers at its events, the percentage of women presenters has increased to nearly 50 percent in 2022 and NBER has pledged to collect even more data about the results of its DEI efforts generally. The PI, Janet Currie, is a co-organizer of the Summer Institute and the Henry Putnam Professor of Economics and Public Affairs at Princeton University. She is also president-elect of the American Economics Association. Its Committee on the Status of Women in the Economics Profession (CSWEP) previously honored Currie with its prestigious Carolyn Shaw Bell Award in recognition of her deep commitment to diversity.