Publications by Golub Capital Social Impact Lab

Browse or search publications from faculty affiliated with the lab.

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Journal Article

Presidential Address: The Economist as Designer in the Innovation Process for Socially Impactful Digital Products

Susan Athey
American Economic Review April2025 Vol. 115 Issue 4

This paper provides an economic perspective on data-driven innovation in digital products, focusing on the role of complex experiments in measuring and improving social impact. The discussion highlights how tools and insights from economics…

Working Paper

Estimating Wage Disparities Using Foundation Models

Keyon Vafa, Susan Athey, David Blei
September2024

One thread of empirical work in social science focuses on decomposing group differences in outcomes into unexplained components and components explained by observable factors. In this paper, we study gender wage decompositions, which require…

Working Paper

LABOR-LLM: Language-Based Occupational Representations with Large Language Models

Tianyu Du, Ayush Kanodia, Herman Brunborg, Keyon Vafa, Susan Athey
June2024

Many empirical studies of labor market questions rely on estimating relatively simple predictive models using small, carefully constructed longitudinal survey datasets based on hand-engineered features. Large Language Models (LLMs), trained on…

Working Paper

The Value of Non-traditional Credentials in the Labor Market

Susan Athey, Emil Palikot
April2024

This study investigates the labor market value of credentials obtained from Massive Open Online Courses (MOOCs) and shared on business networking platforms. We conducted a randomized experiment involving more than 800,000 learners, primarily from…

Journal Article

CAREER: A Foundation Model for Labor Sequence Data

Keyon Vafa, Emil Palikot, Tianyu Du, Ayush Kanodia, Susan Athey, David Blei
Transactions on Machine Learning Research January2024

Labor economists regularly analyze employment data by fitting predictive models to small, carefully constructed longitudinal survey datasets. Although machine learning methods offer promise for such problems, these survey datasets are too small…

Working Paper

Decomposing Changes in the Gender Wage Gap over Worker Careers

Keyon Vafa, Susan Athey, David M. Blei
July2023

A large literature in labor economics seeks to decompose observed gender wage gaps (GWGs) into different sources, including portions explained by cross-gender differences in education, occupation, and experience. This paper provides new methods…

Working Paper

The Heterogeneous Earnings Impact of Job Loss Across Workers, Establishments, and Markets

Susan Athey, Lisa K. Simon, Oskar N. Skans, Johan Vikstrom, Yaroslav Yakymovych
July2023

Using generalized random forests and rich Swedish administrative data, we show that the earnings effects of job displacement due to establishment closures are extremely heterogeneous across workers, establishments, and markets. The decile of…

Working Paper

Effective and Scalable Programs to Facilitate Labor Market Transitions for Women in Technology

Susan Athey, Emil Palikot
November182022

We describe the design, implementation, and evaluation of a low-cost and scalable program that supports women in Poland in transitioning into jobs in the information technology sector. This program, called “Challenges,” helps…

Journal Article

Approximate Residual Balancing: Debiased Inference of Average Treatment Effects in High Dimensions

Susan Athey, Guido W. Imbens, Stefan Wager
Journal of the Royal Statistical Society-Series B February182018 Vol. 80 Issue 4

There are many settings where researchers are interested in estimating average treatment effects and are willing to rely on the unconfoundedness assumption, which requires that the treatment assignment be as good as random conditional on…