Next Gen Science at #LINOecon 2025

Bold Insights Into Today’s Economic Challenges

More Young Scientists than ever before had the opportunity to present their cutting-edge work at the 8^th Lindau Nobel Meeting in Economic Sciences.

70 Young Scientists in Eight Sessions

From climate risks to currency shocks, from social mobility to market dynamics, the eight Next Gen Science Sessions showcased how tomorrow’s leading economists tackle questions at the heart of today’s global challenges. How do financial markets respond to climate change? Can innovation thrive amid volatility? What drives inequality, migration, and mobility across generations? And how do policies shape growth, resilience, and sustainability?

The Scientific Chairs Torsten Persson, Klaus Schmidt, and Antoinette Schoar put together fascinating sessions of 7-minute talks followed by 2-minute Q&A rounds. Exemplifying the intergenerational dialogue at the core of the Lindau Meeting, Nobel Laureates and fellow Young Scientists asked questions and gave constructive feedback.

Find a list of all Next Gen Science sessions and the presented projects below.

Full programme in the Lindau Mediatheque

Applied Microeconomics 1

Wednesday, 27 August 2025
15:00 – 16:30 CEST

Strategic Reserves – Shelved Innovation as a Real Option
Elisabeth Hofmeister, Max Planck Institute for Innovation and Competition, Germany

Penalties and Premiums: The Impact of Childbirth on the Well-Being and Work of Parents
Kourtney Koebel, University of Toronto, Canada

Economic Limits of Bitcoin’s Environmental Promises: Pathway or Pitfall for the Green Transformation?
Jona Stinner, Witten/Herdecke University, Germany

Describing Deferred Acceptance and Strategyproofness to Participants: Experimental Analysis
Guy Ishai, Hebrew University, Israel

Early Child Care, Maternal Labor Supply, and Gender Equality: A Randomized Controlled Trial
Marina Krauß, University of Augsburg, Germany

Deliberate? An Experiment on Team Decision Making
Melisa Kurtis, Max Planck Institute for Research on Collective Goods / University of Cologne, Germany

AI and Comparative Advantage
Hugo Reichhardt, Centre de Recerca en Economia Internacional, Spain

Climate Resilience Investments and Government Disaster Relief
Samya Aboutajdine, Princeton University, United States of America

Agricultural Productivity, Structural Transformation, & Urbanization
Idaliya Grigoryeva, University of California, San Diego, United States of America

Moderator: Adam Smith
Nobel Prize Outreach, Sweden

Econometrics

Wednesday, 27 August 2025
15:00 – 16:30 CEST

Experimental Design for Policy Choice
Samuel Higbee, University of Chicago, United States of America

Transmission Channel Analysis in Dynamic Models
Enrico Wegner, School of Business and Economics, Maastricht University, Netherlands

Improved Inference for Nonparametric Regression and Regression-Discontinuity Designs
Edoardo Zanelli, University of Bologna, Italy

Robustness in Panel Data Settings
Sarah Vicol, Stanford University, United States of America

The Need for Equivalence Testing in Economics
Jack Fitzgerald, Vrije Universiteit Amsterdam, Netherlands

Probabilistic Forecasting of Electricity Prices With Smoothing Quantile Regression Averaging
Bartosz Uniejewski, Wrocław University of Science and Technology, Poland

Difference-in-Discontinuities: Estimation, Inference, and Tests
Stéphanie Tramontin Shinoki, Insper Institute of Education and Research, Brazil

Multidimensional Skills as a Measure of Human Capital: Evidence From LinkedIn Profiles
Moritz Seebacher, ifo Institute – Leibniz Institute for Economic Research at the University of Munich, Germany

Causal Inference on Outcomes Learned From Text
Amar Venugopal, Stanford University, United States of America

Moderator: Antoinette Schoar
MIT Sloan School of Management, United States of America

Applied Microeconomics 2

Thursday, 28 August 2025
11:00 – 12:30 CEST

How Green Is China’s Development Finance? Power Generation and Air Pollution in Africa
Leoni Mendler-Krakau, WHU – Otto Beisheim School of Management, Germany

Effects of Immigrants on Non-Host Regions: Evidence From the Syrian Refugees in Turkey
Ahmet Gulek, Massachusetts Institute of Technology, United States of America

Family Planning Policies, Heterogeneous Child Quantity-Quality Trade-off, and Intergenerational Mobility
Yun Xiao, University of Gothenburg, Sweden

In the Midst of Chaos, There Is Also Opportunity: Directed Technical Change in German Engineering Under Oil Scarcity During WWII
Jil Brauner, Humboldt-Universität zu Berlin, Germany

Green Spills: Peer Effects in Pro-Environmental Behaviors
Benedikt Janzen, University of Passau, Germany

General Equilibrium Effects of Work Requirements
Jamie Emery, Massachusetts Institute of Technology, United States of America

How Market Structure Shapes Entrepreneurship and Inequality
Shubhdeep Deb, Catalan Institution of Research and Advanced Studies, Spain

Foreign Market Access’ Role for Export Quality
Dorothee Hillrichs, ifo Institute – Leibniz Institute for Economic Research at the University of Munich, Germany

Keeping Up With the Joneses: FDI, Supply Chain Linkages, and Industrial Emissions
Zhe Zhang, Peking University, China

Moderator: Torsten Persson
Stockholm University, Sweden

Financial Economics

Thursday, 28 August 2025
11:00 – 12:30 CEST

How Climate Awake Are Financial Markets
Bhavyaa Sharma, University of California, Santa Cruz, United States of America

Investors’ Risk-Taking Behaviors After “Escaping From Death”
Xiaoying Xu, Central University of Finance and Economics, China

Heterogeneous Strategies and Financial (Under)Development: Unintended Consequences of FX Policy and Regulation on Firms Hedging
Juan Medellín, Universidad de Rosario, Colombia

Foreign Exchange Rate and Commodity Price Volatility: Spillover Effects in the South African Economy
Ifeoma Iwegbunam, University of the Witwatersrand, South Africa

Optimal Time-Consistent Macroprudential Policy Revisited
Fabian Knapp, University of Cologne, Germany

The Economics of Network-Based Deposit Insurance
Shohini Kundu, University of California, Los Angeles, United States of America

Demand Propagation Through Traded Risk Factors
Amy Huber, The Wharton School of the University of Pennsylvania, United States of America

Benchmark Rate Mismatch
Haokun Sun, Cornell University, United States of America

Conformal Prediction for High-Frequency Event Studies
Yuexuan Ren, Singapore Management University and Tsinghua University

Moderator: Antoinette Schoar
MIT Sloan School of Management, United States of America

Applied Microeconomics 3

Friday, 29 August 2025
11:30 – 13:00 CEST

Labor Market Effects of Unemployment Insurance and UBI in Developing Economies
Guilherme Gallego, Insper, Brazil

Measuring Firms’ Climate Sensitivity
Yen Nhi Nguyen, University of Mainz, Germany

Spatial Inequality, Social Mobility, and the Marriage Market
Frederik Almar, Aarhus University, Denmark

Intergenerational Mobility in Iceland: The Effects of Education
Emil Dagsson, University of Iceland

Individuals’ Social Concern, Externalities and Voluntary Vaccination: Monopoly and First-Best Public Policy
Sumana Kundu, Indira Gandhi Institute of Development Research, India

Information Frictions and the Market for Climate Adaptation
Ricardo Pommer Muñoz, Columbia University, United States of America

Jobs for Votes: Patronage and Performance in Tammany Hall’s NYPD
Lukas Leucht, University of Oxford, United Kingdom

Moderator: Klaus Schmidt
University of Munich, Germany

Macroeconomics and Political Economy

Friday, 29 August 2025
11:30 – 13:00 CEST

Tariffs and Innovation in a Schumpeterian Economy With North-South Technology Transfer
Florence Ut Meng Ho, University of Edinburgh, United Kingdom

When Monetary Policy Becomes Industrial Policy: A Production Network Quantitative Analysis of China’s Structural Monetary Policy
Rongli Zhu, Tsinghua University, China

How Do Voters and Parties Respond to the Radical Right?
Chloé Nibourel, Stockholm University, Sweden

Issue Linkage and Trade Policy Uncertainty: Evidence From Trade Preferences for Developing Countries
Stefan Suttner, University of Erlangen-Nuremberg, Germany

The Increasing Cost of Buying American
Chiara Motta, University of California, Berkeley, United States of America

The Rise of Customer Data and the Fall of the Labor Share: Evidence From Corporate Consolidations
Stefan Huber, University of Pennsylvania, United States of America

Inflation Plucking Cycles
Oskar Juul, Copenhagen Business School, Denmark

Worker Turnover, Innovation, and Growth
Hyejin Park, Université de Montréal, Canada

Demand-Driven Risk Premia in FX and Bond Markets
Ingomar Krohn, Bank of Canada

Moderator: Torsten Persson
Stockholm University, Sweden

Applied Microeconomics 4

Friday, 29 August 2025
15:00 – 16:30 CEST

Worker Displacement and Labor Market Success: Evidence From Forced Labor Conscription During WWII
Carola Stapper, University of Cologne, Germany

The Urban-Rural Dual Structure and Intergenerational Mobility of Education
Qiwei Xia, Wuhan University, China

There and Back Again? Families’ Decisions and Well-Being Along Tax-Transfer Reforms From 2004 to 2019
Marie Grün, University of Wuppertal, Germany

The Effects of Pretrial Detention on Sentencing Outcomes
Leopoldo Lazcano, Stockholm University, Sweden

Zero Fare, Cleaner Air? The Causal Effect of Luxembourg’s Free Public Transportation Policy on Carbon Emissions
Sachintha Fernando, Martin Luther University Halle-Wittenberg, Germany

Taxation and Migration by the Super-Rich
David Burgherr, University of Zurich, Switzerland

The Effects of Marriage Bar: Evidence From US Teachers in 1900–1940
Wenni Yang, University of California, Davis, United States of America

The Deadly Consequences of Labor Scarcity: Evidence From Hospitals
Oliver Schlenker, University of Konstanz, Germany

Struggles and Symphonies: Does Money Affect Creativity in the History of Western Classical Music?
Yichu Wang, University of Nottingham, United Kingdom

Moderator: Adam Smith
Nobel Prize Outreach, Sweden

Economic Theory

Friday, 29 August 2025
15:00 – 16:30 CEST

Planning to Self-Control
Claudio Kretz, Karlsruhe Institute of Technology, Germany

A Measure of Complexity for Strategy-Proof Mechanisms
Roberto Saitto, Kellogg School of Management at Northwestern University, United States of America

As-if Dominant Strategy Mechanisms
Lea Nagel, Harvard University, United States of America

Aggressive and Passive Third-Party Intervention in a Rent-Seeking Conflict
Ryota Tsuchiya, University of Tokyo, Japan

The Economics of Convex Function Intervals
Lina Uhe, University of Bonn, Germany

A Relational Theory of Power Alternation
Zanhui Liu, Tsinghua University, China

Estate and Labor Income Taxation With Hidden Inter Vivos Transfers and Income Shocks
Fei-Chi Liang, National Chengchi University, Taiwan (China)

Agency Frictions and Credentialism
James Stratton, Harvard University, United States of America

Contextually Private Mechanisms
Andreas Haupt, Stanford University, United States of America

Moderator: Klaus Schmidt
University of Munich, Germany