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Journal articles

Peer-reviewed academic papers by CEP researchers. Where possible, open access to these articles is funded by the Economic and Social Research Council.

Photo of some money by Ryan Quintal via Unsplash
Pay Transparency and Gender Equality

UK pay transparency cut the gender pay gap by 19%, mainly by slowing men's pay growth, especially under greater public scrutiny.
Photo of a man in a business suit by Hunters-Race via Unsplash.
Monopsony and the Wage Effects of Migration

Under imperfect competition, migration raises wage mark-downs by boosting firm monopsony power, redistributing income from workers to firms despite higher aggregate native earnings.

Latest Journal articles

Journal article
Social Science and Medicine:
Do people get used to working long hours?

Overemployment - working more hours than desired - affects nearly one-third of European workers, yet its consequences remain understudied. Using data from the German Socio-Economic Panel (SOEP, 1984-2019, N = 43,570) and...Read more...

Christian Krekel, Tim Kremser and Georgios Melios

1 September 2026

Journal article
European Economic Review:
Editorial: Europe in a changing world: resilience, industrial policy, and the political economy of fragmentation

The papers collected in this special issue originate from the 2024 Annual Research Conference (ARC 2024), organized by the European Commission?s Joint Research Centre (JRC) in Ispra, Italy, in collaboration with DG ECFIN...Read more...

Gianmarco I. P. Ottaviano

1 August 2026

Journal article
Journal of International Economics:
Endogenous mobility in pandemics: theory and evidence from the United States

We analyze infectious diseases in a general equilibrium model with endogenous mobility, where forward-looking agents weigh disease risks against economic opportunities in cross-regional mobility decisions. This generates...Read more...

Xiao Chen, Hanwei Huang, Jiandong Ju, Ruoyan Sun and Jialiang Zhang

1 August 2026

Journal article
Journal of Environmental Economics and Management:
Trade and the scopes of pollution: evidence from China?s world market integration

Although the environmental impact of trade has been a long-standing concern, there is still scant evidence on the channels through which international market access affects pollution. We exploit the unique episode of Chi...Read more...

Stefano Carattini, Hanwei Huang, Frank Pisch and Tejendra Pratap Singh

1 August 2026

Journal article
Journal of Industrial Economics:
Asymmetric pass-through and competition

We study the retail price pass-through of four major tax changes in petroleum products using daily pricing data from gas stations on small Greek islands. We find that (i) the pass-through of the tax hikes is five times h...Read more...

Christos Genakos, Yuan Lyu and Mario Pagliero

22 July 2026

Journal article
Journal of Political Economy:
The economic dynamics of city structure: evidence from Hiroshima's recovery

We provide new theory and evidence on the resilience of the internal city structure after a large shock by analyzing the atomic bombing of Hiroshima. Exploiting newly digitized data, we document that the city structure r...Read more...

Kohei Takeda and Atsushi Yamagishi

22 July 2026

Journal article
Regional Science and Urban Economics:
Ports, technology and inter-city trade: the economics and geopolitics of evolving maritime transport networks

Maritime transport remains the backbone of global trade, yet the port and ship- ping network that carries it has been transformed by containerization and related technological advances. Drawing on newly available granula...Read more...

Reka Juhasz, David Krisztian Nagy, Claudia Steinwender and Woan Foong Wong

13 July 2026

Journal article
Journal of Labor Economics:
Recidivism and neighborhood institutions: evidence from the rise of the evangelical church in Chile

This paper uses administrative data from Chile to provide causal evidence that the local institutions of the neighborhood in which inmates live after prison impact recidivism. Indeed, the opening of an evangelical church...Read more...

Andres Barrios Fernandez and Jorge Garcia-Hombrados

1 July 2026

Journal article
American Economic Review:
Nobel lecture: The economics of creative destruction

The expression "creative destruction" was coined by Joseph Schumpeter to describe the process whereby new innovations displace old technologies. Schumpeter himself would acknowledge a filiation with Karl Marx, and more p...Read more...

Philippe Aghion

1 July 2026

Journal article
American Economic Journal: Macroeconomics:
Import liberalization as export destruction? Evidence from the United States

In trade models with scale economies import liberalization reduces exports within industries by shrinking real market potential. We find this export destruction mechanism reduced US export growth following the permanent ...Read more...

Holger Breinlich, Elsa Leromain, Dennis Novy and Thomas Sampson

1 July 2026

Journal article
The Economic Journal:
Youth crime and delinquency in and out of school

Ten years of idiosyncratic variation in school closure dates for all secondary schools in England are combined with administrative records of educational and criminal trajectories linked at the individual level to study ...Read more...

Janine Boshoff, Stephen Machin and Matteo Sandi

24 June 2026

Journal article
Review of Economics and Statistics:
Managing export complexity: the role of service outsourcing

As manufacturing firms expand globally, business services such as advertising and legal support become essential for entering new markets. Exploiting exogenous demand shocks, we document that French manufacturers increas...Read more...

Giuseppe Berlingieri and Frank Pisch

18 June 2026

Journal article
Econometrica:
Training specificity and occupational mobility: evidence from German apprenticeships

Apprenticeships play a key role in enabling successful school-to-work transitions in many countries, but in the presence of imperfect information, the specificity of this type of training may entail important costs for t...Read more...

Dita Eckardt

8 June 2026

Journal article
American Economic Review:
Elite universities and the intergenerational transmission of human and social capital

Do elite colleges help talented students join the social elite or help incumbent elites retain their positions? We combine intergenerationally linked data from Chile with a regression discontinuity design to show that, l...Read more...

Andres Barrios Fernandez, Christopher Neilson and Seth Zimmerman

6 June 2026

Journal article
Economica:
Are the upwardly mobile more left-wing?

It is well-known that the wealthier are less likely to have Left-leaning political preferences. In addition, we consider here the role of the individual's starting position, and in particular their upward social mobility...Read more...

Andrew E. Clark and Maria Cotofan

6 June 2026

Journal article
Journal of International Economics:
How to grow an invoicing currency: micro evidence from Argentina

We study the internationalization of the Chinese renminbi (RMB) leveraging a unique policy experiment. In 2023, amid a dollar shortage, Argentina expanded a currency swap line with China. The share of imports from China ...Read more...

Felipe Benguria and Dennis Novy

5 June 2026

Journal article
American Economic Review:
Leaders in social movements: evidence from unions in Myanmar

Social movements are catalysts for crucial institutional changes. To succeed, they must coordinate members' views (consensus building) and actions (mobilization). We study union leaders within Myanmar's burgeoning labor ...Read more...

Laura Boudreau, Rocco Macchiavello, Virginia Minni and Mari Tanaka

1 June 2026

Journal article
Journal of Human Resources:
Understanding gender match effects in higher education

It is widely believed that female students perform better when taught by female professors. However, little is known about the mechanisms explaining these gender match effects. Using administrative records from a German ...Read more...

Stephan Maurer, Guido Schwerdt and Simon Wiederhold

1 June 2026

Journal article
Management Science:
How do chief executive officers make strategy?

We survey 262 chief executive officer (CEO) alumni of Harvard Business School and gather evidence on three aspects of each executive?s strategy practice: how formalized it is, how it is developed, and how it is implement...Read more...

Nicholas Bloom, Michael Christensen, Jan Rivkin, Raffaella Sadun and Mu-Jeung Yang

1 June 2026

Journal article
American Economic Review:
Corporate discount rates

We construct a dataset of firms' discount rates (i.e., required returns to capital) and perceived cost of capital using corporate conference calls. The relation between discount rates and the cost of capital is far below...Read more...

Niels Joachim Gormsen and Kilian Huber

1 June 2026

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