Max Pienkny

Portrait of Max Pienkny

I am a Ph.D. candidate in Economics at Northwestern University and am on the 2026–27 academic job market. I work in applied microeconomics and industrial organization. My research studies how policy design and institutions shape economic behavior and welfare, often generating important health consequences in settings far outside the health-care sector.

My CV is here.

My email address is mpienkny@u.northwestern.edu.



Job Market Paper

The Safety Cost of Attribute-Based Environmental Regulation: Evidence from Fuel-Economy Standards
Presentations: ASHEcon Annual Conference (2026)
Abstract

Attribute-based environmental standards can lower compliance costs, but they may distort product design when firms choose the attribute used to set regulatory targets. I study this tradeoff in the U.S. automobile market, where fuel-economy and greenhouse-gas standards assign weaker targets to vehicles with larger footprints. Using model-level variation in the regulatory value of increasing footprint, I show that more-exposed vehicles become larger, primarily when scheduled redesigns occur. These induced size increases create safety externalities: a one-square-foot increase in regulation-induced footprint raises other-vehicle fatality risk in two-vehicle fatal crashes by about 4 percentage points, and counties more exposed to the upsizing incentive experience higher aggregate motor-vehicle mortality. I then estimate an integrated model of vehicle demand, pricing, footprint choice at redesigns, fuel-economy investment, and regulatory credit trading and banking. Preliminary counterfactuals that flatten or nearly flatten the footprint schedule while approximately preserving fuel consumption reduce late-period fleet footprint by 0.28–0.33 square feet and imply roughly 690–800 fewer deaths per year. The results show how regulatory design can preserve environmental performance while limiting safety costs created on an unregulated margin.


Working Papers

Presentations: NBER Summer Institute – Urban Economics (2026); ASHEcon Annual Conference (2026)
Abstract

How do local churches shape economic and social life? We study this question in the Southern Baptist Convention (SBC), the nation's largest Protestant denomination, exploiting two shocks to congregational life: pastor deaths and pastor convictions for sexual abuse. Using matched-controls event study designs, we show that pastor deaths lead to church closures, while convictions generate large and persistent reductions in Baptist attendance and engagement. Both shocks reduce labor-force participation, raise unemployment, and lower nearby housing prices for several years. The shocks diverge on outcomes plausibly affected by religious beliefs rather than networks: convictions shift two-party Democratic vote share leftward and increase opioid mortality, while deaths produce no detectable changes in either. This pattern supports a framework in which deaths primarily disrupt access to congregational networks, while convictions additionally erode religious norms that shape political and health behaviors.

Abstract

I study how the deregulation of radio content in the U.S. transformed local politics and public health outcomes. The 1987 repeal of the FCC’s Fairness Doctrine removed requirements for broadcasters to air contrasting viewpoints on political issues and triggered the expansion of conservative talk radio. I find that quasi-exogenous exposure to growth in conservative talk radio raised Republican vote shares across presidential, Senate, and House elections, and also increased “deaths of despair” (alcohol-, overdose-, and suicide-related mortality). These effects emerge in the early 1990s and persist decades later, underscoring how partisan media ecosystems can reshape both politics and public health.


Works in Progress

Understanding the Short- and Long-Term Impacts of School-Based Health Centers
Presentations: AEA Annual Meeting (ASSA), 2026
Abstract

School-based health centers (SBHCs) aim to improve child and adolescent health by providing care at school, but evidence on their causal and long-run effects remains limited. We estimate these effects using difference-in-differences designs that exploit staggered SBHC openings relative to matched control schools. Linking thirteen years of near-universe psychotropic prescription data to more than 1,800 SBHC openings, we find persistent increases in youth antidepressant and antipsychotic use. Preliminary analyses using nationwide Medicaid claims also indicate that SBHC openings increase health-care utilization. We also use Texas administrative education records linked to 54 SBHC openings to estimate effects on attendance, disciplinary outcomes, high school completion, college enrollment and graduation, and longer-run economic outcomes. Together, the project examines how school-based access to care affects both health-care use and students’ broader trajectories.

Learning-by-Doing versus Training-Cohort in Medical Decision-Making
Abstract

Using thirteen years of U.S. outpatient prescription claims covering more than 100 million psychotropic prescriptions, we distinguish within-physician learning from differences across medical-school cohorts in guideline-deviant prescribing. Although older physicians prescribe “red-flag” doses more often in the cross-section, following fixed cohorts over time reveals that red-flag prescribing declines and becomes less dispersed, consistent with learning-by-doing and selection. The apparent age gradient is instead driven largely by cohort differences: more recently trained physicians begin with safer prescribing patterns, while earlier cohorts retain higher baseline propensities to deviate from guidelines. An event study around the 2011 FDA revision discouraging high-dose citalopram shows that physicians of all ages respond quickly, but persistent cohort gaps remain. The results suggest that experience improves prescribing within physicians even as differences in training generate lasting disparities across cohorts.

Making an Echo Chamber: Selection and Persuasion in Ideological Segregation Online

Publications

AEA Papers and Proceedings, May 2024
Abstract

This paper estimates the effects of fatal school shootings on youth psychotropic drug use over the subsequent 5.5 years. Using an event study approach that compares trends in drugs prescribed by providers practicing close to a school shooting relative to those practicing slightly farther away, we find that fatal school shootings lead to large increases in youth psychotropic drug use that persist for years after the event. These effects are driven primarily by increases in prescriptions for antidepressants and antipsychotics and are observed both among youth who were previously taking psychotropic medication and those who were not.