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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.

All Journal articles

Journal article
:
Forthcoming
Marriage as Insurance: Job Protection and Job Insecurity in France

Job insecurity is one of the risks that workers face on the labour market. As with any risk, individuals can choose to insure against it. We here consider marriage as a way of insuring against labour-market risk. The 199...Read more...

Andrew E. Clark, Conchita D'Ambrosio and Anthony Lepinteur

1 December 2022

Journal article
Social Science and Medicine:
Forthcoming
The impact of COVID-19 lockdown stringency on loneliness in five European countries

The coronavirus pandemic has forced governments to implement a variety of different dynamic lockdown-stringency strategies in the last two years. Extensive lockdown periods could have potential unin- tended consequences ...Read more...

Juan Carlos Caro, Andrew E. Clark, Conchita D'Ambrosio and Claus Vogele

30 October 2022

Journal article
Journal of Behavioral and Experimental Economics:
Forthcoming
Gender, loneliness and happiness during COVID-19

We analyse a measure of loneliness from a representative sample of German individuals interviewed in both 2017 and at the beginning of the COVID-19 pandemic in 2020. Both men and women felt lonelier during the COVID-19 p...Read more...

Andrew E. Clark, Conchita D'Ambrosio, Ada Ferrer-i-Carbonell, Anthony Lepinteur, Alan Piper and Carsten Schroder

29 October 2022

Journal article
Psychological Science:
Feeling Good Is Feeling Better

Can people remember their past happiness? We analyzed data from four longitudinal surveys from the United States, France, the United Kingdom, and Germany spanning from the 1970s until the present, in which more than 60,0...Read more...

Alberto Prati and Claudia Senik

7 October 2022

Journal article
The World Economy:
Forthcoming
The electric vehicle revolution: Critical material supply chains, trade and development

The emergence of a mass market for electric vehicles (EVs) offers development opportunities for countries that have abundant resources of cobalt, nickel, lithium, copper, aluminium and manganese. Not surprisingly, develo...Read more...

Robert J.R. Elliott, Benjamin Jones and Viet Nguyen-Tien

6 October 2022

Journal article
Journal of Economic Behavior & Organization:
Occupational prestige and life satisfaction in the UK: The Miserable Middle?

We use British panel data to explore the link between occupational status and life satisfaction. We find puzzling evidence for men of a U-shaped relationship in cross-section data: employees in medium-status occupations ...Read more...

Emmanuel Apergis, Andrew E. Clark, Yannis Georgellis and Catherine Robinson

1 October 2022

Journal article
Journal of the Association of Environmental and Resource Economists:
Natural disasters and voting behavior: evidence from environmental legislation in the US Senate

This paper investigates whether United States senators are more likely to vote in favour of environmentally friendly legislation following damages caused by climate related natural disasters. We combine senatorial scores...Read more...

Robert Elliott, Viet Nguyen-Tien, Eric Strobl and Thomas Tveit

13 September 2022

Journal article
Applied Energy:
Optimising the geospatial configuration of a future lithium-ion battery recycling industry in the transition to electric vehicles and a circular economy

Rapid electrification of the transport system will generate substantial volumes of Lithium-ion-battery (LiB) waste as batteries reach their end-of-life. Much attention focuses on the recycling processes, neglecting a bro...Read more...

Paul A. Anderson, Qiang Dai, Robert J.R. Elliott, Gavin D.J. Harper and Viet Nguyen-Tien

1 September 2022

Journal article
Journal of International Economics:
Intra-bloc tariffs and preferential margins in trade agreements

We study how countries choose intra-bloc tariffs and preferential margins in Preferential Trade Agreements (PTAs). Our model indicates that countries should set systematically lower preferential margins when the bloc tak...Read more...

Emanuel Ornelas and Patricia Tovar

1 September 2022

Journal article
The Review of Economics and Statistics:
Forthcoming
Data-intensive innovation and the state: evidence from AI firms in China

Developing AI technology requires data. In many domains, government data far exceeds in magnitude and scope data collected by the private sector, and AI firms often gain access to such data when providing services to the...Read more...

Martin Beraja, David Y. Yang and Noam Yuchtman

13 August 2022

Journal article
Labour Economics:
How Did Safety-Net Reform Affect the Education of Adolescents from Low-Income Families?

Roughly 25 years ago, the US safety net was substantially reformed. Here we ask how those reforms affected the educational attainment of youths who were teens at the time those reforms took place. We take a difference-in...Read more...

Jacob Bastian, Luorao Bian and Jeffrey Grogger

1 August 2022

Journal article
The Quarterly Journal of Economics:
The Effects of Joining Multinational Supply Chains: New Evidence from Firm-to-Firm Linkages

We study the effects of becoming a supplier to multinational corporations (MNCs) using tax data tracking firm-to-firm transactions in Costa Rica. Event study estimates reveal that domestic firms experience strong and per...Read more...

Alonso Alfaro-Urena, Isabela Manelici and Jose P Vasquez

1 August 2022

Journal article
Annual Review of Economics:
Expecting Brexit

The Brexit vote precipitated the unraveling of the United Kingdom's membership in the world's deepest economic integration agreement. This article reviews evidence on the realized economic effects of Brexit. The 2016 Bre...Read more...

Swati Dhingra and Thomas Sampson

1 August 2022

Journal article
Journal of Risk and Financial Management:
Pandemic-Era Uncertainty

We examine several measures of uncertainty to make five points. First, equity market traders and executives at nonfinancial firms have shared similar assessments about one-year-ahead uncertainty since the pandemic struck...Read more...

David E. Altig, Jose Maria Barrero, Nicholas Bloom, Steven J. Davis, Brent Meyer and Emil Mihaylov

30 July 2022

Journal article
Economic Geography:
Forthcoming
Creative Clusters and Creative Multipliers: Evidence from UK Cities

Economic geographers have paid much attention to the cultural and creative industries, both for their propensity to cluster in urban settings, and their potential to drive urban economic development. However, evidence on...Read more...

Diana Gutierrez-Posada, Tasos Kitsos, Max Nathan and Massimiliano Nuccio

28 July 2022

Journal article
The Economic Journal:
Forthcoming
Teacher effectiveness and classroom composition: Understanding Match Effects in the Classroom

This paper provides evidence of match effects in the teacher labour market by considering how teacher effectiveness varies by classroom composition. We combine random assignment of teachers with rich measures of teaching...Read more...

Esteban M. Aucejo, Patrick Coate, Jane Cooley Fruehwirth, Sean Kelly and Zachary Mozenter

27 July 2022

Journal article
Scientific reports:
Characteristics associated with COVID-19 vaccine hesitancy

Understanding what lies behind actual COVID-19 vaccine hesitancy is fundamental to help policy makers increase vaccination rates and reach herd immunity. We use June 2021 data from the COME-HERE survey to explore the pre...Read more...

Liyousew G Borga, Andrew E. Clark, Conchita D'Ambrosio and Anthony Lepinteur

20 July 2022

Journal article
Economica:
Information Provision and Postgraduate Studies

This is the first paper to examine experimentally effects of information provision on beliefs about pecuniary and non-pecuniary returns of postgraduate education, enrolment intentions and realized enrolment. We find that...Read more...

Jan Berkes, Peter Frauke, C. Katharina Spiess and Felix Weinhardt

1 July 2022

Journal article
American Economic Journal: Applied Economics:
Neighbors' Effects on University Enrollment

This paper provides causal evidence that close neighbors signigicantly influence potential applicants' decision to attend university. I create a unique dataset combining detailed geographic information and individual edu...Read more...

Andrés Barrios Fernández

1 July 2022

Journal article
Strategy Science:
Forthcoming
Local Value Chains in European MNEs

Ghemawat's work in international business strategy demonstrates that Multinational Enterprises (MNEs) create value both by overcoming and by exploiting the price differences that exist at country borders. This paper eval...Read more...

Catherine Thomas

24 June 2022

Journal article
Journal of Human Capital:
Forthcoming
Teachers and the Gender Gap in Reading Achievement

Boys persistently lag behind girls in English/language arts. We find that heterogeneity in teachers’ relative boy-specific value added could explain a large proportion of this gap. We exploit multifaceted measures of e...Read more...

Esteban M. Aucejo, Jane Cooley Fruehwirth, Sean Kelly and Zachary Mozenter

24 June 2022

Journal article
Environment and Planning B: Urban Analytics and City Science :
Forthcoming
Modeling clusters from the ground up: A web data approach

This paper proposes a new methodological framework to identify economic clusters over space and time. We employ a unique open source dataset of geolocated and archived business webpages and interrogate them using Natural...Read more...

Max Nathan, Christoph Stich and Emmanouil Tranos

17 June 2022

Journal article
Economics of Education Review:
Deregulating Teacher Labor Markets

This paper examines how the removal of national pay scales, a common feature of public sector labor markets, affects productivity. We exploit a reform that compelled all schools in England to replace pay scales with scho...Read more...

Simon Burgess, Ellen Greaves and Richard Murphy

1 June 2022

Journal article
The Review of Income and Wealth:
Pandemic Policy and Life Satisfaction in Europe

We use data from the COME-HERE longitudinal survey collected by the University of Luxembourg to assess the effects of the policy responses to the COVID-19 pandemic on life satisfaction in France, Germany, Italy, Spain an...Read more...

Andrew E. Clark and Anthony Lepinteur

1 June 2022

Journal article
Economic Modelling:
Credit constraints, selection and productivity growth

This paper presents a tractable model of innovation and growth with firm heterogeneity and financial frictions. The model is used to uncover new mechanisms linking access to credit and productivity growth, highlighting t...Read more...

Giammario Impullitti

1 June 2022

Journal article
International Journal of Human Computer Studies:
Multitasking while driving: A time use study of commuting knowledge workers to assess current and future uses

Commuting has enormous impact on individuals, families, organizations, and society. Advances in vehicle automation may help workers employ the time spent commuting in productive work-tasks or wellbeing activities. To ach...Read more...

Andrew L. Kun, Raffaella Sadun, Orit Shaer and Thomaz Teodorovicz

1 June 2022

Journal article
Journal of the European Economic Association:
The Twin Peaks of the Export Intensity Distribution

Received wisdom suggests that most exporters sell most of their output domestically. We show, however, that the distribution of export intensity varies substantially across countries and is often bimodal, displaying “twi...Read more...

Fabrice Defever and Alejandro Riaño

1 June 2022

Journal article
Economica:
Men are from Mars, and Women Too: A Bayesian Meta-analysis of Overconfidence Experiments

Gender differences in self-confidence could explain women's under-representation in high-income occupations and glass-ceiling effects. We draw lessons from the economic literature via a survey of experts and a Bayesian h...Read more...

Oriana Bandiera, Nidhi Parekh, Barbara Petrongolo and Michelle Rao

1 June 2022

Journal article
Review of Economics of the Household:
Forthcoming
Do Individuals Adapt to All Types of Housing Transitions?

This paper provides one of the first tests of adaptation to the complete set of residential transitions. We use long-run SOEP panel data and consider the impact of all housing transitions, whether or not they involve a c...Read more...

Andrew E. Clark and Luis Diaz-Serrano

26 May 2022

Journal article
Social Science and Medicine:
Forthcoming
"Better the devil you know": Are stated preferences over health and happiness determined by how healthy and happy people are?

Most people want to be both happy and healthy. But which matters most when there is a trade-off between them? This paper addresses this question by asking 4000 members of the UK and US public to make various choices betw...Read more...

Matthew D. Adler, Paul Dolan, Amanda Henwood and Georgios Kavetsos

10 May 2022

Journal article
Review of Economics and Statistics :
Does evaluation change teacher effort and performance? Quasi-experimental evidence from a policy of retesting students

We document measurable, lasting gains in student achievement caused by a change in teachers' evaluation incentives. A short-lived rule created a discontinuity in teachers' incentives when allocating effort across their a...Read more...

Esteban M. Aucejo, Teresa Romano and Eric S. Taylor

9 May 2022

Journal article
Journal of Urban Economics:
The economics of skyscrapers: A synthesis

We document that skyscraper growth since the end of the 19th century has been driven by a reduction in the cost of height, increasing urbanization, and rising incomes. These stylized facts guide us in developing a compet...Read more...

Gabriel M. Ahlfeldt and Jason Barr

1 May 2022

Journal article
Journal of Economic Perspectives:
Should we insure workers or jobs during recessions?

What is the most efficient way to respond to recessions in the labor market? To this question, policymakers on the two sides of the pond gave diametrically opposed answers during the COVID-19 crisis. In the United States...Read more...

Giulia Giupponi, Camille Landais and Alice Lapeyre

1 May 2022

Journal article
The Economic Journal:
Gravity and Heterogeneous Trade Cost Elasticities

How do trade costs affect international trade? This paper offers a new approach. We rely on a flexible gravity equation that predicts variable trade cost elasticities, both across and within country pairs. We apply this ...Read more...

Natalie Chen and Dennis Novy

1 May 2022

Journal article
Annual Review of Economics:
The Impact of Health Information and Communication Technology on Clinical Quality, Productivity, and Workers

The adoption of health information and communication technology (HICT) has surged over the past two decades. We survey the medical and economic literature on HICT adoption and its impact on clinical outcomes, productivit...Read more...

Ari Bronsoler, Joseph Doyle and John Van Reenen

4 April 2022

Journal article
Economic Policy:
Unsafe Jobs, Labour Market Risk and Social Protection 

This paper proposes a new classification of occupations based on the extent to which they put workers at risk of being infected by aerial-transmitted viruses. We expand on previous work that mainly focused on the identif...Read more...

Gaetano Basso, Tito Boeri, Alessandro Caiumi and Marco Paccagnella

1 April 2022

Journal article
Journal of Human Resources:
The Urban Wage Premium in Imperfect Labor Markets

Using administrative data for West Germany, this paper investigates whether part of the urban wage premium stems from fierce competition in thick labour markets. We first establish that employers possess less wage-settin...Read more...

Boris Hirsch, Elke J. Jahn, Alan Manning and Michael Oberfichtner

1 April 2022

Journal article
American Economic Journal: Applied Economics :
Political Fragmentation and Government Stability: Evidence from Local Governments in Spain

This paper studies how political fragmentation affects government stability. Using a regression discontinuity design, we show that each additional party with representation in the local parliament increases the probabili...Read more...

Felipe Carozzi, Davide Cipullo and Luca Repetto

1 April 2022

Journal article
Journal of Population Economics:
In medio stat victus: Labor Demand Effects of an Increase in the Retirement Age

After falling for four decades, statutory retirement ages are increasing in most OECD countries. The labor market adjustment to these reforms has not yet been thoroughly investigated by the literature. We draw on a major...Read more...

Tito Boeri, Pietro Garibaldi and Espen R. Moen

1 April 2022

Journal article
Journal of Population Economics:
Quantity and quality of childcare and children’s educational outcomes

Policy-makers wanting to support child development can choose to adjust the quantity or quality of publicly funded universal pre-school. To assess the impact of such changes, we estimate the effects of an increase in fre...Read more...

Jo Blanden, Emilia Del Bono, Kirstine Hansen and Birgitta Rabe

1 April 2022

Journal article
Japanese Economic Review:
The Joneses in Japan: income comparisons and financial satisfaction

This paper uses relatively large-scale internet survey data from Japan to analyse income comparisons and income satisfaction. In contrast to the vast majority of empirical work in the area of subjective well-being, we ar...Read more...

Andrew E. Clark, Claudia Senik and Katsunori Yamada

1 April 2022

Journal article
Labour Economics:
Residential mobility and unemployment in the UK

The UK has suffered from persistent spatial differences in unemployment rates for many decades. A low responsiveness of internal migration to unemployment is often argued to be an important cause of this problem. This pa...Read more...

Monica Langella and Alan Manning

1 April 2022

Journal article
Labour Economics:
Slack and prices during Covid-19: Accounting for labor market participation

Strong labor force participation cyclicality during the Covid-19 pandemic has put further into question the capacity of standard Phillips Curve (PC) models to fully capture labor market cyclical conditions. In this paper...Read more...

Francesco D'Amuri, Marta De Philippis, Elisa Guglielminetti and Salvatore Lo Bello

1 April 2022

Journal article
Oxford Economic Papers:
Forthcoming
Economic Geography Aspects of the Panama Canal

This paper studies how the opening of the Panama Canal in 1914 changed counties’ market potential and influenced the economic geography of the USA. We compute shipment effective distances with and without the canal from ...Read more...

Stephan E. Maurer and Ferdinand Rauch

25 March 2022

Journal article
Research Policy :
No inventor is an island: Social connectedness and the geography of knowledge flows in the US

Do informal social ties connecting inventors across distant places promote knowledge flows between them? To measure informal ties, we use a new and direct index of social connectedness of regions based on aggregate Faceb...Read more...

Andreas Diemer and Tanner Regan

1 March 2022

Journal article
The Review of Economics and Statistics:
A Natural Experiment on Job Insecurity and Fertility in France

Job insecurity can have wide-ranging consequences outside of the labor market. A 1999 rise in the French layoff tax paid by large private firms when they laid off older workers made younger workers less secure; this inse...Read more...

1 March 2022

Journal article
Journal of International Economics:
Technology, market structure and the gains from trade

We study the gains from trade in a model with oligopolistic competition, heterogeneous firms and innovation. Our key finding is that a trade-induced increase in market concentration can be an important source of the gain...Read more...

Giammario Impullitti, Omar Licandro and Pontus Rendahl

1 March 2022

Journal article
The Review of Economics and Statistics:
A Natural Experiment on Job Insecurity and Fertility in France

Job insecurity can have wide-ranging consequences outside of the labour market. A 1999 rise in the French layoff tax paid by large private firms when they laid off older workers made younger workers less secure; this ins...Read more...

Andrew E. Clark and Anthony Lepinteur

1 March 2022

Journal article
Journal of Environmental Economics and Management:
Searching for carbon leaks in multinational companies

Does a unilateral climate change policy cause companies to shift the location of production, thereby creating carbon leakage? In this paper, we analyze the effect of the European Union Emissions Trading System (EU ETS) o...Read more...

Antoine Dechezleprêtre, Caterina Gennaioli, Ralf Martin, Mirabelle Muuls and Thomas Stoerk

1 March 2022

Journal article
Journal of Economic History:
The Long Shadow of Slavery: The Persistence of Slave Owners in Southern Lawmaking

This paper documents the persistence of Southern slave owners in political power after the American Civil War. Using data from Texas, we show that former slave owners made up more than half of all state legislators until...Read more...

Luna Bellani, Anselm Hager and Stephan E. Maurer

1 March 2022

Journal article
Journal of Political Economy:
Why Does Education Reduce Crime?

We provide a unifying empirical framework to study why crime reductions occurred due to a sequence of state-level dropout age reforms enacted between 1980 and 2010 in the United States. Because the reforms changed the sh...Read more...

Brian Bell, Rui Costa and Stephen Machin

1 March 2022

Journal article
Education Economics:
Forthcoming
A comparison of earnings related to higher technical and academic education

Not much is known about higher technical education in England, but current education policy looks positively at it to improve labour productivity and social mobility. We provide updated estimates of individual earnings d...Read more...

Hector Espinoza and Stefan Speckesser

9 February 2022

Journal article
Journal of the European Economic Association:
Vehicle Currency Pricing and Exchange Rate Pass-Through

Using detailed firm-level transactions data for UK imports, we find that invoicing in a vehicle currency is pervasive, with more than half of the transactions in our sample invoiced in neither sterling nor the exporter’s...Read more...

Natalie Chen, Wanyu Chung and Dennis Novy

1 February 2022

Journal article
Gerontology:
Location, Location, Location: The Role of Objective Neighborhood Characteristics for Perceptions of Control

Introduction: Control beliefs can protect against age-related declines in functioning. It is unclear whether neighborhood characteristics shape how much control people perceive over their life. This article studies assoc...Read more...

Sandra Duzel, Peter Eibich, Jan Goebel, Jens Kolbe and Christian Krekel

1 February 2022

Journal article
International Economic Review:
The Brexit vote, inflation and UK living standards

This article studies how voting for Brexit affected living standards in the United Kingdom. Using heterogeneity in exposure to import costs across product groups, we analyze how the depreciation of sterling caused by the...Read more...

Holger Breinlich, Elsa Leromain, Dennis Novy and Thomas Sampson

1 February 2022

Journal article
Urban Studies:
Incubators, accelerators and urban economic development

We combine theory and evidence on incubator and accelerator programmes and their effects on urban economic development. These structured co-working programmes have grown rapidly. However, a rich descriptive literature re...Read more...

Margarida Madaleno, Max Nathan, Henry G. Overman and Sevrin Waights

1 February 2022

Journal article
Scientific Reports:
Impact of vaccination on the COVID-19 pandemic in U.S. states

Governments worldwide are implementing mass vaccination programs in an effort to end the novel coronavirus (COVID-19) pandemic. Here, we evaluated the effectiveness of the COVID-19 vaccination program in its early stage ...Read more...

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

28 January 2022

Journal article
Social Science History:
Forthcoming
Business Entry and Exit: Career Changes of Proprietors in England and Wales (1851-81) Using Record-Linkage

The article links the digital records of individual proprietors in the manuscript censuses 1851-81 for the whole of England and Wales using the BBCE database to identify career changes of employers and own account propri...Read more...

Robert J Bennett, Piero Montebruno, Harry Smith and Carry van Lieshout

24 January 2022

Journal article
Perspectives on Psychological Science:
Forthcoming
Mental Health During the First Year of the COVID-19 Pandemic: A Review and Recommendations for Moving Forward

COVID-19 has infected millions of people and upended the lives of most humans on the planet. Researchers from across the psychological sciences have sought to document and investigate the impact of COVID-19 in myriad way...Read more...

Lara Aknin, Jan-Emmanuel De Neve, Elizabeth W Dunn, Daisy Fancourt, Elkhonon Goldberg, John Helliwell, Sarah P Jones, Elie Karam, Richard Layard and Shekhar Saxena

19 January 2022

Journal article
Journal of Econometrics:
Forthcoming
Union membership density and wages: The role of worker, firm, and job-title heterogeneity

We examine the association between union density and wages in Portugal where just 10 percent of all workers are union members but nine-tenths of them are covered by collective agreements. Using a unique dataset on worker...Read more...

John T. Addison, Pedro Portugal and Hugo Vilares

10 January 2022

Journal article
Regional Science and Urban Economics:
Introduction to the Special Issue: “Urban economics and history”

Read more...

Laurent Gobillon and Stephan Heblich

5 January 2022

Journal article
Regional Science and Urban Economics:
What future for history dependence in spatial economics?

History (sometimes) matters for the location and sizes of cities and neighborhood segregation patterns within cities. Together with evidence on rapid neighborhood change and self-fulfilling expectations, this implies tha...Read more...

Jeffrey Lin and Ferdinand Rauch

5 January 2022

Journal article
Regional Science and Urban Economics:
History and urban economics

This article reviews recent literature using insights from history to answer central questions in urban economics. This area of research has seen rapid growth in the past decade, thanks to new technologies that have made...Read more...

Walker Hanlon and Stephan Heblich

5 January 2022

Journal article
Economica:
Does Rosie Like Riveting? Male and Female Occupational Choices

Occupational segregation and pay gaps by gender remain large, while many of the constraints traditionally believed to be responsible for these gaps seem to have weakened over time. We explore the possibility that women a...Read more...

Grace Lordan and Jörn-Steffen Pischke

1 January 2022

Journal article
The Review of Economic Studies:
Quasi-Experimental Shift-Share Research Designs

Many studies use shift-share (or “Bartik”) instruments, which average a set of shocks with exposure share weights. We provide a new econometric framework for shift-share instrumental variable (SSIV) regressions in which ...Read more...

Kirill Borusyak, Peter Hull and Xavier Jaravel

1 January 2022

Journal article
Economic Policy:
The Role of Schools in Transmission of the SARS-CoV-2 Virus: Quasi-Experimental Evidence from Germany

his paper considers the role of school closures in the spread of the SARS-CoV-2 virus. To isolate the impact of the closures from other containment measures and identify a causal effect, we exploit variation in the start...Read more...

Clara von Bismarck-Osten, Kirill Borusyak and Uta Schonberg

1 January 2022

Journal article
Oxford Economic Papers:
Forthcoming
Economic insecurity and political preferences

Economic insecurity has attracted growing attention, but there is no consensus as to its definition. We characterize a class of individual economic-insecurity measures based on the time profile of economic resources. We ...Read more...

Walter Bossert, Andrew E. Clark, Conchita D'Ambrosio and Anthony Lepinteur

1 January 2022

Journal article
Cambridge Journal of Economics:
Profitability of small- and medium-sized enterprises in Marshall’s time: sector and spatial heterogeneity in the nineteenth century

New data on profit heterogeneity of small- and medium-sized firms for 1861–81 in England and Wales are used to reinterpret Marshall's contemporary insights. Profit level differences are chiefly explained by location, mai...Read more...

Robert J Bennett, Piero Montebruno, Harry Smith and Carry van Lieshout

1 January 2022

Journal article
Journal of Health Economics:
Lockdown, essential sectors, and Covid-19: Lessons from Italy

This paper investigates how economic activity impacted Covid-19 infections and all-cause mortality. To this purpose, we exploit the distribution of essential sectors, which were exempted from a national lockdown enacted ...Read more...

Paolo Naticchioni, Vincenzo Scrutinio and Edoardo di Porto

1 January 2022

Journal article
Research Policy:
Innovative events: product launches, innovation and firm performance

In this paper, we shed new light on the links between firm-level innovation and growth. We introduce data that capture a difficult-to-observe aspect of firms' innovative activity – new product/service launches – at scale...Read more...

Max Nathan and Anna Rosso

1 January 2022

Journal article
Economics Letters:
COVID-19 Compliance Behavior of Older People: The Role of Cognitive and Non-Cognitive Skills

This paper examines the empirical relationship between individuals’ cognitive and non-cognitive abilities and COVID-19 compliance behaviors using cross-country data from the Survey of Health, Ageing and Retirement in Eur...Read more...

Andrew E. Clark, Conchita D'Ambrosio, Ilke Onur and Rong Zhu

1 January 2022

Journal article
Review of Economics and Statistics:
The impact of contract enforcement costs on value chains and aggregate productivity

I study how supplier contracting frictions shape the patterns of intermediate input use and quantify the impact of these distortions on aggregate productivity. Using the frequency of litigation between US firms as a nove...Read more...

Johannes Boehm

1 January 2022

Journal article
Health and Place:
Income-related health inequality in urban China (1991–2015): The role of homeownership and housing conditions

Unprecedented economic growth has been experienced over the several decades worldwide, but such rapid economic growth wasn't accompanied by equally-substantial improvement in health, especially health inequalities betwee...Read more...

Andrew E. Clark, Conchita D'Ambrosio, Lanlin Ding and Peng Nie

1 January 2022

Journal article
Journal of Urban Economics:
JUE insight: How much does COVID-19 increase with mobility? Evidence from New York and four other U.S. cities

How effective are restrictions on mobility in limiting COVID-19 spread? Using zip code data across five U.S. cities, we estimate that total cases per capita decrease by 19% for every ten percentage point fall in mobility...Read more...

Edward L. Glaeser, Caitlin Gorback and Stephen J. Redding

1 January 2022

Journal article
Urban Studies:
Forthcoming
The city and the virus

Cities around the world are the epicentres of the coronavirus pandemic: both in the first wave, as the disease spread from East Asia, and now, as many countries enter a third wave of infections. These spatial patterns ar...Read more...

Max Nathan

17 December 2021

Journal article
International Journal of Health Planning and Management:
Forthcoming
Medical disputes and patient satisfaction in China: How does hospital management matter?

Objective: Satisfaction with healthcare may be captured by surveys of patients and staff, or in extreme cases, the number and severity of medical disputes. This study tries to investigate the relationship between satisfa...Read more...

Nicholas Bloom, Thomas Butt, Tianhao Gao, Xia Jin, Gordon Guo-En Liu, Mark Wang, Jiaqi Xu and Hanqing Zhao

9 December 2021

Journal article
Journal of Participation and Employee Ownership:
Footsie,Yeah! Share Prices and Worker Wellbeing

A small literature has shown that individual wellbeing varies with the price of company stock, but it is unclear whether this is due to wealth effects amongst those holding stock, or more general effects on sentiment, wi...Read more...

Alex Bryson, Andrew E. Clark and Colin P. Green

6 December 2021

Journal article
Journal of the European Economic Association:
Wage Equalization and Regional Misallocation: Evidence from Italian and German Provinces

Italy and Germany have similar geographical differences in firm productivity—with the North more productive than the South in Italy and the West more productive than the East in Germany—but have adopted different models ...Read more...

Tito Boeri, Andrea Ichino, Enrico Moretti and Johanna Posch

1 December 2021

Journal article
Labour Economics:
Teacher turnover: Effects, mechanisms and organisational responses

This paper contributes to the understanding of the causal relationship between teacher turnover and student performance. We extend this research by examining the mechanisms through which turnover affects student learning...Read more...

Stephen Gibbons, Vincenzo Scrutinio and Shqiponja Telhaj

1 December 2021

Journal article
British Journal of Industrial Relations:
Introduction to symposium on the impact of employee influence

The three papers contained in this Symposium are the final products of a lengthy and fruitful research Odyssey. In retrospect, uncharacteristic almost to the point of surreal, the new incoming, post-Brexit referendum, Br...Read more...

Saul Estrin

1 December 2021

Journal article
World Trade Review:
The Pursuit of Non-Trade Policy Objectives in EU Trade Policy

The European Union (EU) often conditions preferential access to its market on compliance with Non-Trade Policy Objectives (NTPOs), including human rights and labor and environmental standards. In this paper, we first sys...Read more...

Ingo Borchert, Paola Conconi, Mattia Di Ubaldo and Cristina Herghelegiu

1 December 2021

Journal article
Management Science:
Building a Productive Workforce: The Role of Structured Management Practices

In an influential study, Bender et al. [Bender S, Bloom N, Card D, Van Reenen J, Wolter S (2018) Management practices, workforce selection, and productivity. J. Labor Econom. 36(S1):S371-S409] document consistent relatio...Read more...

Christopher Cornwell, Ian M. Schmutte and Daniela Scur

1 December 2021

Journal article
Journal of Behavioral and Experimental Economics:
Faster, higher, stronger… and happier? Relative achievement and marginal rank effects

Most prior research on the relationship between relative attainment and subjective wellbeing focuses on relative income. The direction of this relationship may, however, be positive or negative. Defining the target compa...Read more...

Paul Dolan, Georgios Kavetsos and Laura Kudrna

1 December 2021

Journal article
Journal of the European Economic Association:
Marshall Lecture 2020 The Measure of Monopsony

There has been increasing interest in recent years in monopsony in the labour market. This paper discusses how we can measure monopsony power by combining insights from models based on both frictions and idiosyncrasies. ...Read more...

Monica Langella and Alan Manning

1 December 2021

Journal article
Journal of Public Economics:
Learning from praise: Evidence from a field experiment with teachers

Financial incentive programs for teachers are increasingly common, but little is known about the effectiveness of non-monetary incentives in improving educational outcomes. This field experiment measures how repeated pub...Read more...

Maria Cotofan

1 December 2021

Journal article
Wirtschaftsdienst:
Natural Experiments in Labor Economics and Beyond: The 2021 Nobel laureates David Card, Joshua Angrist, and Guido Imbens

This year’s Nobel Prize in Economics honoured David Card of the University of California, Berkeley “for his empirical contributions to labour economics”, and Joshua Angrist of MIT and Guido Imbens of Stanford University ...Read more...

Simon Jager and Jörn-Steffen Pischke

1 December 2021

Journal article
Human-Computer Interaction:
Forthcoming
How does working from home during COVID-19 affect what managers do? Evidence from time-use studies

Read more...

Andrew L. Kun, Raffaella Sadun, Orit Shaer and Thomaz Teodorovicz

28 November 2021

Journal article
Journal of Urban Economics:
The amplifying effect of capitalization rates on housing supply

We provide empirical evidence that increases in housing rental income lead to a larger supply response than price increases of the same percentage value. We rationalize this differential in supply responsiveness with an ...Read more...

Simon Buchler, Maximilian v. Ehrlich and Olivier Schoni

1 November 2021

Journal article
International Economic Review:
Estimating border effects: the impact of spatial aggregation

Trade data are typically aggregated across space. In this article, we investigate the sensitivity of gravity estimation to spatial aggregation. We build a model in which micro regions are aggregated into macro regions. W...Read more...

Cletus C. Coughlin and Dennis Novy

1 November 2021

Journal article
Journal of International Economics:
Import competition, heterogeneous preferences of managers, and productivity

When managers have objectives beyond maximizing monetary profits, inefficiencies may arise. An increase in competition may then force managers to improve the productivity of the firm in order to ensure survival. While th...Read more...

Cheng Chen and Claudia Steinwender

1 November 2021

Journal article
Land Economics:
Valuing the environmental benefits of canals and canal restoration using house prices

This article values the environmental benefits of historic, navigable canals using property values. We improve on standard methods by controlling for microgeographic fixed effects and applying a difference-in-differences...Read more...

Stephen Gibbons, Cong Peng and Cheng Keat Tang

1 November 2021

Journal article
Nature Energy:
Global trends in the invention and diffusion of climate change mitigation technologies

Increasing the development and diffusion of climate change mitigation technologies on a global scale is critical to reaching net-zero emissions. We have analysed over a quarter of a million high-value inventions in all m...Read more...

Antoine Dechezleprêtre, Matthieu Glachant, Benedict Probst and Simon Touboul

1 November 2021

Journal article
Proceedings of the National Academy of Sciences of the United States of America:
COVID-19 within families amplifies the prosociality gap between adolescents of high and low socioeconomic status

COVID-19 has had worse health, education, and labor market effects on groups with low socioeconomic status (SES) than on those with high SES. Little is known, however, about whether COVID-19 has also had differential eff...Read more...

Daniel L. Chen, Matthias Sutter and Camille Terrier

1 November 2021

Journal article
Energy Economics:
Power outages and firm performance: A hydro-IV approach for a single electricity grid

We estimate the impact of power outages on firm performance using a hydro-instrumental variable strategy which integrates a river flow with a hydropower generation model and an electricity-grid-based distance interpolati...Read more...

Robert Elliott, Viet Nguyen-Tien and Eric A. Strobl

1 November 2021

Journal article
Land Economics:
Forthcoming
Urban land use fragmentation and human wellbeing

We study how land use fragmentation affects the life satisfaction of city dwellers. To this end, we calculate fragmentation metrics based on exact geographical coordinates of land use from the European Urban Atlas and of...Read more...

Christine Bertram, Jan Goebel, Christian Krekel and Katrin Rehdanz

1 November 2021

Journal article
The Review of Economics and Statistics :
Forthcoming
Class Rank and Long-Run Outcomes

This paper considers an unavoidable feature of the school environment, class rank. What are the long-run effects of a student's ordinal rank in elementary school? Using administrative data on all public-school students i...Read more...

Jeffrey T Denning, Richard Murphy and Felix Weinhardt

15 October 2021

Journal article
The Journal of Human Resources:
Forthcoming
STEM Graduates and Secondary School Curriculum: Does Early Exposure to Science Matter?

This paper explores the effect of strengthening the science curriculum in secondary school on STEM university education. By exploiting the staggered implementation of a reform that encouraged secondary schools in England...Read more...

Marta De Philippis

13 October 2021

Journal article
Economica:
Populism and Civil Society

Since Tocqueville (1835), civil society has been recognized as a cornerstone of liberal democracy. But populists claim to be the only legitimate representatives of the people, leaving no space for civil society. Are popu...Read more...

Tito Boeri, Prachi Mishra, Chris Papageorgiou and Antonio Spilimbergo

1 October 2021

Journal article
Journal of the European Economic Association:
CEO pay and the rise of relative performance contracts: A question of governance?

We exploit the large rise in relative performance awards in the United Kingdom over the last two decades to investigate whether these contracts improve the alignment between CEO pay and firm performance. We first documen...Read more...

Brian Bell, Simone Pedemonte and John Van Reenen

1 October 2021

Journal article
International Journal of Manpower:
Eastern European immigrants in the UK

The paper aims at examining wage developments among Eastern European immigrants vs UK natives before and after the 2004 enlargement by measuring the extent to which inter-group wage differentials are explainable by these...Read more...

Anna Rosso

1 October 2021

Journal article
SERIEs:
Work and children in Spain: challenges and opportunities for equality between men and women

Over the past decades, Spain has seen a striking convergence between women’s and men’s participation in the labour market. However, this convergence has stalled since the early 2010s. We show that women still fare worse ...Read more...

Claudia Hupkau and Jenifer Ruiz-Valenzuela

1 October 2021

Journal article
American Economic Journal: Applied Economics:
Temperature, Labor Reallocation, and Industrial Production: Evidence from India

To what degree can labor reallocation mitigate the economic consequences of weather-driven agricultural productivity shocks? I estimate that temperature-driven reductions in the demand for agricultural labor in India are...Read more...

Jonathan Colmer

1 October 2021

Journal article
Journal of Population Economics:
Social Mobility and Political Regimes: Intergenerational Mobility in Hungary, 1949–2017

This paper measures social mobility rates in Hungary during the period 1949 to 2017, using surnames to measure social status. In those years, there were two very different social regimes. The first was the Hungarian Peop...Read more...

Pawel Bukowski, Gregory Clark, Attila Gaspar and Rita Peto

1 October 2021

Journal article
World Trade Review:
Leveling the Playing Field: Industrial Policy and Export-Contingent Subsidies in India-Export Related Measures

In India-Export Related Measures, the United States challenged a range of Indian measures as prohibited export-contingent subsidies, and a WTO panel largely agreed. This article examines the factors at play in the United...Read more...

Swati Dhingra and Timothy Meyer

1 October 2021

Journal article
The Review of Economics and Statistics:
Of Mice and Merchants: Connectedness and the Location of Economic Activity in the Iron Age

We study the causal relationship between geographic connectedness and development using one of the earliest massive trade expansions: the first systematic crossing of open seas in the Mediterranean during the time of the...Read more...

Jan David Bakker, Stephan E. Maurer, Jörn-Steffen Pischke and Ferdinand Rauch

1 October 2021

Journal article
The Review of Economics and Statistics:
The Welfare Consequences of Centralization: Evidence from a Quasi-Natural Experiment in Switzerland

Many countries are reallocating tasks and powers to more central levels of government. To identify centralization's welfare effects, I use a difference-in-differences design that relies on time and cross-cantonal variati...Read more...

Sarah Flèche

1 October 2021

Journal article
Landscape and Urban Planning:
Urban green is more than the absence of city: Structural and functional neural basis of urbanicity and green space in the neighbourhood of older adults

The relationship between urbanization, the brain, and human mental health is subject to intensive debate in the current scientific literature. Particularly, since mood and anxiety disorders as well as schizophrenia are k...Read more...

Sandra Duzel, Peter Eibich, Jurgen Gallinat, Jan Goebel, Jens Kolbe, Christian Krekel, Simone Kuhn, Ulman Lindenberger, Anna Mascherek and Gert G. Wagner

1 October 2021

Journal article
Journal of Political Economy:
The path to college education: The role of math and verbal skills

This paper studies the formation of math and verbal skills during compulsory education and their impact on educational attainment. Using longitudinal data that follow students in England from elementary school to univers...Read more...

Esteban M. Aucejo and Jonathan James

1 October 2021

Journal article
Journal of Cross-Cultural Psychology:
Life Satisfaction and the Human Development Index across the World

We use annual data on over 150 countries between 2005 and 2018 to look at the relationship between subjective well-being (both cognitive and affective) and the Human Development Index (HDI). The HDI appears to be more cl...Read more...

Andrew E. Clark, Conchita D'Ambrosio, Anthony Lepinteur and Remi Yin

7 September 2021

Journal article
National Tax Journal:
How did safety-net reform affect early adulthood among adolescents from low-income families?

In the 1990s, the US safety net was substantially reformed. We ask how those reforms collectively affected early-career outcomes among youths who were teens when the reforms took effect. We consider employment, safety-ne...Read more...

Jacob Bastian, Luorao Bian and Jeffrey Grogger

1 September 2021

Journal article
Journal of Behavioral and Experimental Finance:
Long-run expectations of households

The rational expectations assumption, e.g. in life-cycle models and portfolio-choice models, prescribes that all actions are in line with a well-structured and unbiased system of expectations. In reality, justification a...Read more...

Christoph Breunig, Juliia Grabova, Peter Haan, Felix Weinhardt and Georg Weizsäcker

1 September 2021

Journal article
Journal of Housing Economics:
Do long-distance moves discourage homeownership? Evidence from England

We hypothesize that as the distance of a residential move increases, the amount and quality of information collected on the destination housing market fall. This in turn increases the chances of making an ill-informed ho...Read more...

Sejeong Ha, Christian A. L. Hilber and Olivier Schoni

1 September 2021

Journal article
Journal of Economic Inequality:
The fall in income inequality during COVID-19 in four European countries

We here use panel data from the COME-HERE survey to track income inequality during COVID-19 in France, Germany, Italy, and Spain. Relative inequality in equivalent household disposable income among individuals changed in...Read more...

Andrew E. Clark, Conchita D'Ambrosio and Anthony Lepinteur

1 September 2021

Journal article
Journal of Health Economics:
Why are pollution damages lower in developed countries? Insights from high-Income, high-particulate matter Hong Kong

Conventional wisdom suggests that marginal damages from particulate matter pollution are high in less-developed countries because they are highly polluted. Using administrative data on the universe of births and deaths, ...Read more...

Jonathan Colmer, Dajun Lin, Siying Liu and Jay Shimshack

1 September 2021

Journal article
Journal of Political Economy:
Discrimination, managers, and firm performance: evidence from “Aryanizations” in Nazi Germany

Large-scale increases in discrimination can lead to dismissals of highly qualified managers. We investigate how expulsions of senior Jewish managers, due to rising discrimination in Nazi Germany, affected large corporati...Read more...

Kilian Huber, Volker Lindenthal and Fabian Waldinger

1 September 2021

Journal article
Oxford Research Encyclopedia of Economics and Finance:
Forthcoming
The Effects of Parental Job Loss on Children’s Outcomes

Severe economic downturns are typically characterized by a high incidence of job losses. The available evidence suggests that job losers suffer short-run earning losses that persist in the long run, are more likely to re...Read more...

Jenifer Ruiz-Valenzuela

31 August 2021

Journal article
American Journal of Agricultural Economics:
Forthcoming
Blame it on the rain: Rainfall variability, consumption smoothing, and subjective well-being in rural Ethiopia

How does income uncertainty affect individual well-being? Combining individual-level panel data from rural Ethiopia with high-resolution meteorological data, we estimate that mean-preserving increases in rainfall variabi...Read more...

Yonas Alem and Jonathan Colmer

19 August 2021

Journal article
History of the Family:
Households and entrepreneurship in England and Wales, 1851-1911

This article uses the British Business Census of Entrepreneurs (BBCE) to examine the relationship between the household and entrepreneurship in England and Wales between 1851 and 1911. The BBCE allows three kinds of entr...Read more...

Robert J Bennett, Piero Montebruno, Harry Smith and Carry van Lieshout

18 August 2021

Journal article
German Economic Review:
Trade and the size distribution of firms: Evidence from the German Empire

What effect did trade have on the size distribution of firms during the first wave of globalization? Three historical datasets from the German Empire between 1875 and 1907 were collected and harmonized to answer this que...Read more...

Marcus Biermann

7 August 2021

Journal article
Small Business Economics:
Soft and hard information in equity crowdfunding: network effects in the digitalization of entrepreneurial finance

As a digital financial innovation, equity crowdfunding (ECF) allows investors to exploit the complementarity of information provision and network effects in a reduced transaction cost environment. We build on the underly...Read more...

Saul Estrin, Susanna Khavul and M Wright

1 August 2021

Journal article
China Economic Review:
Compensating for academic loss: Online learning and student performance during the COVID-19 pandemic

The COVID-19 pandemic has led to widespread school shutdowns, with many continuing distance education via online-learning platforms. We here estimate the causal effects of online education on student exam performance usi...Read more...

Andrew E. Clark, Huifu Nong, Rong Zhu and Hongjia Zhu

1 August 2021

Journal article
Journal of Labor Economics:
Forthcoming
Matching in the dark? Inequalities in student to degree match

Read more...

Stuart Campbell, Lindsey Macmillan, Richard Murphy and Gill Wyness

1 August 2021

Journal article
Annual Review of Economics:
Inflation Inequality: Measurement, Causes, and Policy Implications

Does inflation vary across the income distribution? This article reviews the growing literature on inflation inequality, describing recent advances and opportunities for further research in four areas. First, new price i...Read more...

Xavier Jaravel

1 August 2021

Journal article
Journal of Economic Behavior and Organization:
A local community course that raises wellbeing and pro-sociality: Evidence from a randomised controlled trial

Despite a wealth of research on its correlates, relatively little is known about how to effectively raise wellbeing in local communities by means of intervention. Can we teach people to live happier lives, cost-effective...Read more...

Jan-Emmanuel De Neve, Daisy Fancourt, Christian Krekel and Richard Layard

1 August 2021

Journal article
Journal of Economic Behavior and Organization:
The importance of capital in closing the entrepreneurial gender gap: A longitudinal study of lottery wins

Would improving women's access to capital reduce the gender entrepreneurial gap? We study this issue by exploiting longitudinal data on lottery winners. Comparing between large to small winners, we find that an increase ...Read more...

Sarah Fleche, Anthony Lepinteur and Nattavudh Powdthavee

1 August 2021

Journal article
Small Business Economics:
Homophily and peer influence in early-stage new venture informal investment

Abstract: Conceptualising early-stage new venture informal investors as co-entrepreneurs whose actions are socially embedded, we examine the role of social influence and how it interplays with entrepreneurial experience ...Read more...

Saul Estrin, Tomasz Mickiewicz and Fei Qin

1 August 2021

Journal article
Information Technology & People:
Forthcoming
Well-being and Working from Home during Covid-19

The authors track the well-being of individuals across five European countries during the course of the coronavirus disease 2019 (COVID-19) pandemic and relate their well-being to working from home. The authors also cons...Read more...

Andrew E. Clark, Conchita D'Ambrosio, Samuel Greiff, Sonia Schifano and Claus Vogele

20 July 2021

Journal article
Journal of International Business Studies:
Multinationals, innovation, and institutional context: IPR protection and distance effects

We characterize the knowledge production process whereby the inventive capabilities of the firm generate innovation output in highly inventive multinational enterprises (MNEs). We explore the sensitivity of this relation...Read more...

Randolph Bruno, Riccardo Crescenzi, Saul Estrin and Sergio Petralia

19 July 2021

Journal article
European Economic Review:
Financial system architecture and the patterns of international trade

Countries differ in the extent to which their financial systems rely on banks or on financial markets. We offer a model featuring a complex relationship between countries’ financial system architecture and their comparat...Read more...

Emmanuel Amissah, Spiros Bougheas, Fabrice Defever and Rod Falvey

1 July 2021

Journal article
Scandinavian Journal of Economics:
Living in the Shadow of the Past: Financial Profiles and Well-Being*

We consider the link between individual financial profiles over time and well-being, as measured by life satisfaction. In particular, we look at annual self-reported financial worsening and improvement information for mo...Read more...

Andrew E. Clark, Conchita D'Ambrosio and Rong Zhu

1 July 2021

Journal article
Oxford Review of Economic Policy:
The World Management Survey at 18: Lessons and the way forward

Understanding how differences in management 'best practices' affect organizational outcomes has been a focus of both theoretical and empirical work in the fields of management, sociology, economics, and public policy. Th...Read more...

Nicholas Bloom, Renata Lemos, Raffaella Sadun, Daniela Scur and John Van Reenen

1 July 2021

Journal article
Journal of Common Market Studies:
The Effect on Foreign Direct Investment of Membership in the European Union

This article explores the impact of EU membership on foreign direct investment (FDI). It analyses empirically how the effects of such deep integration differ from other forms and investigates what drives these effects. U...Read more...

Randolph Bruno, Nauro Campos and Saul Estrin

1 July 2021

Journal article
Economics Letters:
Gravity model estimates of the spatial determinants of trade, migration, and trade-and-migration policies

Using a gravity model, we explore the effects of distance and borders on trade, migration, and trade-and-migration policies and document three key differences between trade and migration patterns in otherwise equivalent ...Read more...

Rebecca Freeman and John Lewis

1 July 2021

Journal article
Journal of Political Economy:
Are bigger banks better? Firm-level evidence from Germany

The effects of large banks on the real economy are theoretically ambiguous and politically controversial. I identify quasi-exogenous increases in bank size in postwar Germany. I show that firms did not grow faster after ...Read more...

Kilian Huber

1 July 2021

Journal article
Journal of Political Economy:
Planning Ahead for Better Neighborhoods: Long-Run Evidence from Tanzania

Africa’s demand for urban housing is soaring, even as it faces a proliferation of slums. In this setting, can modest infrastructure investments in greenfield areas where people subsequently build their own houses facilit...Read more...

Neeraj Baruah, Amanda Dahlstrand-Rudin, Guy Michaels, Dzhamilya Nigmatulina, Ferdinand Rauch and Tanner Regan

1 July 2021

Journal article
iScience:
Financial viability of electric vehicle lithium-ion battery recycling

Economically viable electric vehicle lithium-ion battery recycling is increasingly needed; however routes to profitability are still unclear. We present a comprehensive, holistic techno-economic model as a framework to d...Read more...

Tom Cleaver, Laura Lander, Viet Nguyen-Tien and Mohammad A. Rajaeifar

25 June 2021

Journal article
Environmental Research Letters:
Saving the world from your couch: The heterogeneous medium-run benefits of COVID-19 lockdowns on air pollution

In Spring 2020, COVID-19 led to an unprecedented halt in public and economic life across the globe. In an otherwise tragic time, this provides a unique natural experiment to investigate the environmental impact of such a...Read more...

Jean-Philippe Bonardi, Quentin Gallea, Dimitrija Kalanoski, Rafael Lalive, Raahil Madhok, Frederik Noac, Dominic Rohner and Tommaso Sonno

25 June 2021

Journal article
American Economic Review: Insights:
Endogenous Education and Long-Run Factor Shares

We study the determinants of factor shares in a neoclassical environment with capital-skill complementarity and endogenous education. In this environment estimates of the elasticity of substitution between capital and la...Read more...

Gene M. Grossman, Elhanan Helpman and Ezra Oberfield

2 June 2021

Journal article
Journal of Applied Econometrics:
Catching up to girls: Understanding the gender imbalance in educational attainment within race

We estimate a sequential model of schooling to assess the major contributing factors to the large gender imbalance in educational attainment within racial groups. First, we find that differences between males and females...Read more...

Esteban M. Aucejo and Jonathan James

1 June 2021

Journal article
Journal of Economic Growth:
Between communism and capitalism: long-term inequality in Poland, 1892–2015

We construct the first consistent series on the long-term distribution of income in Poland by combining tax, household survey and national accounts data. We document a U-shaped evolution of inequalities from the end of t...Read more...

Pawel Bukowski and Filip Novokmet

1 June 2021

Journal article
Economics of Education Review:
Who teaches the teachers? A RCT of peer-to-peer observation and feedback in 181 schools

This paper evaluates a widely used, low stakes, teacher peer-to-peer observation and feedback program under Randomized Control Trial (RCT) conditions. Half of 181 volunteer primary schools in England were randomly select...Read more...

Richard Murphy, Felix Weinhardt and Gill Wyness

1 June 2021

Journal article
Journal of the European Economic Association:
Organizing Global Supply Chains: Input-Output Linkages and Vertical Integration

We study how the technological importance of inputs—measured by cost shares—is related to the decision to “make” or “buy” that input. Using detailed French international trade data and an instrumental variable approach b...Read more...

Giuseppe Berlingieri, Frank Pisch and Claudia Steinwender

1 June 2021

Journal article
Journal of Political Economy:
East-side story: Historical pollution and persistent neighborhood sorting

Why are the east sides of formerly industrial cities more deprived? To answer this question, we use individual-level census data and create historical pollution patterns derived from the locations of 5,000 industrial chi...Read more...

Stephan Heblich, Alex Trew and Yanos Zylberberg

1 May 2021

Journal article
Journal of Political Economy:
How to improve tax compliance? Evidence from population-wide experiments in Belgium

We study the impact of simplification, deterrence, and tax morale on tax compliance. We ran four natural field experiments varying the communication of the tax administration with the universe of income taxpayers in Belg...Read more...

Jan-Emmanuel De Neve, Clement Imbert, Maarten Luts, Johannes Spinnewijn and Teodora Tsankova

1 May 2021

Journal article
The Economic Journal:
Multi-Task Agents and Incentives: The Case of Teaching and Research for University Professors

This paper exploits a natural experiment to study the effects of providing stronger research incentives to faculty members on universities’ average teaching and research performance. The results indicate that professors ...Read more...

Marta De Philippis

1 May 2021

Journal article
AEA Papers & Proceedings:
The Family Origin of the Math Gender Gap is a White Affluent Phenomenon

Previous research has shown that norms around the role of women in society could help explain the gender gap in mathematics and that these norms could be transmitted within the family. Using data from the Florida Departm...Read more...

Gaia Dossi, David Figlio, Paola Giuliano and Paola Sapienza

1 May 2021

Journal article
Economics and Human Biology:
Prenatal economic shocks and birth outcomes in UK cohort data

We consider the effects of major prenatal economic shocks experienced by mothers on two indicators of newborn-infant health, birth weight and head circumference, using detailed microdata from the UK ALSPAC survey. Contro...Read more...

Andrew E. Clark, Conchita D'Ambrosio and Nicholas Rohde

1 May 2021

Journal article
The Review of Economics and Statistics:
Trade and management

—We study how management practices shape export performance using matched production-trade-management data for Chinese and American firms and a randomized control trial in India. Better-managed firms are more likely to e...Read more...

Nicholas Bloom, Kalina Manova, Stephen Teng Sun, John Van Reenen and Zhihong Yu

1 May 2021

Journal article
Journal of Environmental Economics and Management:
Green product innovation in industrial networks: A theoretical model

Previous studies have modeled green technological change as innovations in the process of production (e.g., abatement technologies or energy sources). But greening the economy also requires changing products. The automot...Read more...

Eugenie Dugouna and Marion Dumas

1 May 2021

Journal article
Journal of Economic Geography:
Local economic conditions and the nature of new housing supply

We explore the effects of local economic conditions on the type and size of newly constructed housing units in a city. Exploiting the 1984–2004 metro area samples of the American Housing Survey and US Census building per...Read more...

Christian A. L. Hilber, Jan Rouwendal and Wouter Vermeulen

1 May 2021

Journal article
The Lancet Public Health :
Policy stringency and mental health during the COVID-19 pandemic: a longitudinal analysis of data from 15 countries

To date, public health policies implemented during the COVID-19 pandemic have been evaluated on the basis of their ability to reduce transmission and minimise economic harm. We aimed to assess the association between COV...Read more...

Lara Aknin, Bernardo Andretti, Jan-Emmanuel De Neve, Elizabeth W Dunn, Daisy Fancourt, Elkhonon Goldberg, Rafael Goldszmidt, John Helliwell, Sarah P Jones, Ozge Karadag, Elie Karam, Richard Layard, Anna Petherick, Shekhar Saxena, Ashley Whillans and Jamil Zaki

21 April 2021

Journal article
The Lancet Public Health :
Policy stringency and mental health during the COVID-19 pandemic: a longitudinal analysis of data from 15 countries

Read more...

21 April 2021

Journal article
Personality and Social Psychology Bulletin:
Inequality and Social Rank: Income Increases Buy More Life Satisfaction in More Equal Countries

How do income and income inequality combine to influence subjective well-being? We examined the relation between income and life satisfaction in different societies, and found large effects of income inequality within a ...Read more...

Christopher J. Boyce, Gordon D.A. Brown, Jan-Emmanuel De Neve, Edika G. Quispe-Torreblanca and Alex M. Wood

1 April 2021

Journal article
Journal of the European Economic Association:
Parents, Schools and Human Capital Differences Across Countries

This paper studies the contribution of parental influence in accounting for cross-country gaps in human capital achievements. We argue that the cross-country variation in unobserved parental characteristics is at least a...Read more...

Marta De Philippis and Federico Rossi

1 April 2021

Journal article
Fiscal Studies:
Global banking: Endogenous competition and risk taking

When banks expand abroad, their riskiness decreases if foreign expansion happens in destination countries that are more competitive than their origin countries. We reach this conclusion in three steps. First, we develop ...Read more...

Ester Faia, Sebastien Laffitte, Maximilian Mayer and Gianmarco I. P. Ottaviano

1 April 2021

Journal article
European Economic Review:
Worker and firm responses to trade shocks: The UK-China case

We exploit the recent surge in Chinese export growth to study the effects of a trade shock on workers and firms in a foreign market, the UK, in the period 2000–2007. We find that individuals initially employed in sectors...Read more...

Josh De Lyon and Joao Paulo Pessoa

1 April 2021

Journal article
Journal of Scottish Historical Studies:
Forthcoming
Entrepreneurship in Scotland, 1851-1911

We compare predictions from a conventional protocol-based approach to risk assessment with those based on a machine-learning approach. We first show that the conventional predictions are less accurate than, and have simi...Read more...

Robert J Bennett, Piero Montebruno, Harry Smith and Carry van Lieshout

30 March 2021

Journal article
Business History:
Changes in Victorian entrepreneurship in England and Wales 1851-1911: Methodology and business population estimates

The full population of England and Wales employers and own-account business proprietors is estimated using population censuses 1851–1911. The main contribution of the article is a method of mixed single imputation to ove...Read more...

Robert J Bennett, Piero Montebruno, Harry Smith and Carry van Lieshout

30 March 2021

Journal article
Environmental Research Letters:
Induced innovation in energy technologies and systems: A review of evidence and potential implications for CO2 mitigation

We conduct a systematic and interdisciplinary review of empirical literature assessing evidence on induced innovation in energy and related technologies. We explore links between demand-drivers (both market-wide and targ...Read more...

Antoine Dechezleprêtre, Paul Drummond, Kenneth T Gilingham, Matthieu Glachant, Michael Grubb, Will McDowall, Cristina Penasco, Alexandra Poncia, David Popp, Sascha Samadi and Sjak Smulders

29 March 2021

Journal article
Journal of Empirical Legal Studies:
Comparing Conventional and Machine-Learning Approaches to Risk Assessment in Domestic Abuse Cases

We compare predictions from a conventional protocol-based approach to risk assessment with those based on a machine-learning approach. We first show that the conventional predictions are less accurate than, and have simi...Read more...

Jeffrey Grogger, Sunetra Gupta, Ria Ivandic and Tom Kirchmaier

24 March 2021

Journal article
Real Estate Economics:
Forthcoming
Offices scarce but housing scarcer: Estimating the premium for London office conversions

British planning is among the most restrictive in the world and has been restrictive for longer than elsewhere. Restrictive regulation substantially increases the costs of office space and, especially in London, increase...Read more...

Paul Cheshire and Katerina Kaimakamis

11 March 2021

Journal article
Journal of Economic Behavior and Organization:
Born in the family: Preferences for boys and the gender gap in math

We study the effect of preferences for boys on the performance in mathematics of girls, using evidence from two different data sources. In our first set of results, we identify families with a preference for boys by usin...Read more...

Gaia Dossi, David Figlio, Paola Giuliano and Paola Sapienza

1 March 2021

Journal article
Journal of Economic Behavior and Organization:
Job quality and workplace gender diversity in Europe

We here consider the relationship between workplace gender measures and employees’ perceived job quality, where the former cover both the gender mix of workers with the same job title and the gender of the immediate boss...Read more...

Andrew E. Clark, Conchita D'Ambrosio and Rong Zhu

1 March 2021

Journal article
Review of Economics and Statistics:
The tyranny of the single-minded: Guns, environment, and abortion

We study how electoral incentives affect policy choices on secondary issues, which only minorities of voters care intensely about. We develop a model in which office and policy-motivated politicians vote in favor of or a...Read more...

Laurent Bouton, Paola Conconi, Francisco Pino and Maurizio Zanardi

1 March 2021

Journal article
Journal of Urban Economics:
The local economic impacts of regeneration projects: Evidence from UK's single regeneration budget

Many governments aim to improve the labour market outcomes of people living in deprived areas through "place-making" initiatives. Economists are often sceptical about the effectiveness of such policies, but empirical evi...Read more...

Stephen Gibbons, Henry G. Overman and Matti Sarvimäki

1 March 2021

Journal article
Journal of Urban Economics:
Market tremors: Shale gas exploration, earthquakes, and their impact on house prices

Shale gas has grown to become a major new source of energy in countries around the globe. While its importance for energy supply is well recognized, there has also been public concern over potential risks from hydraulic ...Read more...

Stephen Gibbons, Stephan Heblich and Christopher Timmins

1 March 2021

Journal article
Journal of World Trade:
EU Trade Agreements: To Mix or not to Mix, That is the Question

The European Union (EU) can only act internationally on competences that have been transferred to it by its Member States. Trade agreements negotiated by the EU that include provisions outside its exclusive competences s...Read more...

Paola Conconi, Cristina Herghelegiu and Laura Puccio

1 March 2021

Journal article
European Journal of Political Economy:
The generation gap in direct democracy: Age vs. cohort effects

We document a generation gap in direct democracy outcomes across a wide range of topics that is causally related to aging. To this end, we combine different sources of postelection survey data covering more than 300 Swis...Read more...

Gabriel M. Ahlfeldt, Wolfgang Maennig and Steffen Q. Mueller

1 March 2021

Journal article
Journal of Urban Economics:
The impact of public employment: Evidence from Bonn

This paper evaluates the impact of changes in public employment on private sector activity using the creation of the new West German government in Bonn in the wake of the Second World War as a source of exogenous variati...Read more...

Sascha O. Becker, Stephan Heblich and Daniel M. Sturm

1 March 2021

Journal article
Journal of Business and Economic Statistics:
Forthcoming
Analyzing Subjective Well-Being Data with Misclassification

We use novel nonparametric techniques to test for the presence of nonclassical measurement error in reported life satisfaction (LS) and study the potential effects from ignoring it. Our dataset comes from Wave 3 of the U...Read more...

Ekaterina Oparina and Sorawoot Srisuma

4 February 2021

Journal article
Journal of Personality and Social Psychology:
(Un)happiness and voting in U.S. presidential elections.

A rapidly growing literature has attempted to explain Donald Trump's success in the 2016 U.S. presidential election as a result of a wide variety of differences in individual characteristics, attitudes, and social proces...Read more...

Jan-Emmanuel De Neve and George Ward

1 February 2021

Journal article
Canadian Journal of Economics:
On the interpretation of diploma wage effects estimated by regression discontinuity designs

Several recent papers employ regression discontinuity (RD) designs to estimate the causal effect of a diploma or similar credentials on wages. I build a model of knowledge acquisition, test-taking and labour market caree...Read more...

Georg Graetz

1 February 2021

Journal article
Health Economics (United Kingdom):
Childhood circumstances and young adulthood outcomes: The role of mothers' financial problems

We here consider the cognitive and noncognitive consequences on young adults of growing up with a mother who reported experiencing major financial problems. We use UK data from the Avon Longitudinal Study of Parents and ...Read more...

Marta Barazzetta, Andrew E. Clark and Conchita D'Ambrosio

1 February 2021

Journal article
Economics of Education Review:
It's time to learn: School institutions and returns to instruction time

This paper investigates whether the effects of a reform that substantially increased daily instruction time in Chilean primary schools vary depending on school institutions. Focusing on incumbent students and exploiting ...Read more...

Andrés Barrios Fernández and Giulia Bovini

1 February 2021

Journal article
Review of International Economics:
The role of management practices in acquisitions and the FDI location decision

This paper investigates how management practices as intangible transfers are associated with the performance of multinational business groups. Differences in the management level across source countries are predictive fo...Read more...

Marcus Biermann

1 February 2021

Journal article
Review of Economic Studies:
A reply to Campbell and Mau

In Bloom et al. (2016, Bloom, Draca and Van Reenen (BDVR)), we have a set of nine results on the impact of Chinese trade. The first three showed that Chinese trade increased technical change in European firms measured by...Read more...

Nicholas Bloom, Mirko Draca and John Van Reenen

10 January 2021

Journal article
Oxford Review of Economic Policy:
Management practices and public policy: An overview

This paper introduces and summarizes this issue of the Oxford Review of Economic Policy, on management practices. We outline key concepts in the empirical study of structured management practices, then summarize each of ...Read more...

Simon Quinn and Daniela Scur

6 January 2021

Journal article
American Journal of Agricultural Economics:
Rainfall Variability, Child Labor, and Human Capital Accumulation in Rural Ethiopia

How does income uncertainty affect human capital investments in agrarian economies? Using child-level panel data, I exploit a medium-run change in mean-preserving rainfall variability to identify the effects of income un...Read more...

Jonathan Colmer

5 January 2021

Journal article
Quarterly Journal of Economics:
Competition and relational contracts in the Rwanda coffee chain

How does competition affect market outcomes when formal contracts are not enforceable and parties resort to relational contracts? Difficulties with measuring relational contracts and dealing with the endogeneity of compe...Read more...

Rocco Macchiavello and Ameet Morjaria

5 January 2021

Journal article
Journal of Economic Behavior and Organization:
Early-life correlates of later-life well-being: Evidence from the Wisconsin Longitudinal Study

We here use data from the Wisconsin Longitudinal Study (WLS) to provide one of the first analyses of the distal (early-life) and proximal (later-life) correlates of older-life subjective well-being. Unusually, we have tw...Read more...

Andrew E. Clark and Tom Lee

1 January 2021

Journal article
Journal of Economic Behavior and Organization:
The long-lasting effects of family and childhood on adult wellbeing: Evidence from British cohort data

To what extent do childhood experiences continue to affect adult wellbeing over the life course? Previous work on this link has been carried out either at one particular adult age or for some average over adulthood. We h...Read more...

Andrew E. Clark, Sarah Flèche and Warn N. Lekfuangfu

1 January 2021

Journal article
Journal of International Economics:
Preferential trade agreements and global sourcing

We develop a new framework to study the welfare consequences of preferential trade agreements (PTAs) under global sourcing, incomplete contracts and endogenous matching. We uncover several new channels through which PTAs...Read more...

Grant Bickwit, Emanuel Ornelas and John L. Turner

1 January 2021

Journal article
Journal of Public Economics:
COVID-19, lockdowns and well-being: Evidence from Google Trends

The COVID-19 pandemic and government intervention such as lockdowns may severely affect people's mental health. While lockdowns can help to contain the spread of the virus, they may result in substantial damage to popula...Read more...

Abel Brodeur, Andrew E. Clark, Sarah Flèche and Nattavudh Powdthavee

1 January 2021

Journal article
ILR Review:
Monopsony in Labor Markets: A Review

Researchers’ interest in monopsony has increased in recent years. This article reviews the accumulating evidence that employers have considerable monopsony power. It summarizes the application of this idea to explaining ...Read more...

Alan Manning

1 January 2021

Journal article
Vienna Yearbook of Population Research:
The age U-shape in Europe: The protective role of partnership

In this study, we ask whether the U-shaped relationship between life satisfaction and age is flatter for individuals who are partnered. An analysis of cross-sectional EU-SILC data indicates that the decline in life satis...Read more...

Andrew E. Clark, Angela Greulich and Hippolyte d'Albis

1 January 2021

Journal article
Journal of Economic Geography:
Colonial legacies: Shaping African cities

Institutions persisting from colonial rule affect the spatial structure and conditions under which 100s of millions of people live in Sub-saharan African cities. In a sample of 318 cities, Francophone cities have more co...Read more...

Neeraj Baruah, J. Vernon Henderson and Cong Peng

1 January 2021

Journal article
B.E. Journal of Economic Analysis and Policy:
Charging for Higher Education: Estimating the Impact on Inequality and Student Outcomes

Over the last two decades, undergraduate university education in England moved from being state-funded and free for students, to costing all students substantial amounts in tuition fees. In this paper, using detailed adm...Read more...

Ghazala Azmat and Stefania Simion

1 January 2021

Journal article
American Economic Journal: Applied Economics:
Turbulence, Firm Decentralization, and Growth in Bad Times

What is the optimal form of firm organization during “bad times”? The greater turbulence following macro shocks may benefit decentralized firms because the value of local information increases (the “localist” view). On t...Read more...

Philippe Aghion, Nicholas Bloom, Brian Lucking, Raffaella Sadun and John Van Reenen

1 January 2021

Journal article
The Economic Journal:
Trapped Factors and China’s Impact on Global Growth

After a recent increase in Chinese import competition, European firms increased innovation. We present and rationalise these patterns using ‘trapped factors’ at the micro level within a stylised equilibrium model of prod...Read more...

Nicholas Bloom, Paul Romer, Stephen Terry and John Van Reenen

1 January 2021

Journal article
The Economic Journal:
Adjustment Costs and Factor Demand: New Evidence from Firms’ Real Estate

We study corporate real estate frictions and their effect on firm dynamics and labour demand. We build and simulate a general equilibrium model with heterogeneous firms that predicts the response of firms to a productivi...Read more...

Antonin Bergeaud and Simon Ray

1 January 2021

Journal article
World Trade Evolution: Growth, Productivity and Employment:
Firm-to-firm connections in Colombian imports

Read more...

Andrew B. Bernard, Esther Ann Boler and Swati Dhingra

18 December 2020

Journal article
Business History:
The Population of Non-corporate Business Proprietors in England and Wales 1891–1911

This article uses population censuses to provide the first consistent counts of the population of business proprietors for 1891–1911. After appropriate adjustments for imperfect Census design the article confirms the per...Read more...

Robert J Bennett, Piero Montebruno and Harry Smith

1 December 2020

Journal article
Fiscal Studies:
Work, Care and Gender during the COVID-19 Crisis

We explore the effects of the COVID-19 crisis and the associated restrictions to economic activity on paid and unpaid work for men and women in the United Kingdom. Using data from the COVID-19 supplement of Understanding...Read more...

Claudia Hupkau and Barbara Petrongolo

30 November 2020

Journal article
Regional Science and Urban Economics:
Forthcoming
Viewing urban spatial history from tall buildings

Micro-geographic data capturing the spatial distribution of economic activity within cities in history are difficult to access. This paper discusses how tall and durable buildings can be exploited as a source of "big dat...Read more...

Gabriel M. Ahlfeldt and Jason Barr

17 November 2020

Journal article
Quarterly Journal of Economics:
Misallocation in the market for inputs: Enforcement and the organization of production

The strength of contract enforcement determines how firms source inputs and organize production. Using microdata on Indian manufacturing plants, we show that production and sourcing decisions appear systematically distor...Read more...

Johannes Boehm and Ezra Oberfield

1 November 2020

Journal article
Quarterly Journal of Economics:
Quantifying the gap between equilibrium and optimum under monopolistic competition

Equilibria and optima generally differ in imperfectly competitive markets. Although this is well understood theoretically, it is unclear how large the welfare distortions are in the aggregate economy. Do they matter quan...Read more...

Kristian Behrens, Giordano Mion, Yasusada Murata and Jens Suedekum

1 November 2020

Journal article
Journal of Political Economy:
Productivity and organization in portuguese firms

Using employer-employee matched and firm production quantity and input data for Portuguese firms, we study the endogenous response of productivity to firm reorganizations as measured by changes in the number of managemen...Read more...

Lorenzo Caliendo, Giordano Mion, Luca David Opromolla and Esteban Rossi-Hansberg

1 November 2020

Journal article
Journal of Public Economics:
The impact of COVID-19 on student experiences and expectations: Evidence from a survey

In order to understand the impact of the COVID-19 pandemic on higher education, we surveyed approximately 1500 students at one of the largest public institutions in the United States using an instrument designed to recov...Read more...

Esteban M. Aucejo, Jacob French, Maria Paola Ugalde Araya and Basit Zafar

1 November 2020

Journal article
The Journal of Law, Economics, and Organization:
In-house and arms length: productivity heterogeneity and variation in organizational form

This paper analyzes firm boundaries in the US hotel industry. Hotel properties of a given brand are often managed either by a chain employee or by a franchisee. We document that brand properties with the lowest and the h...Read more...

Arturs Kalnins, Stephen F. Lin and Catherine Thomas

1 November 2020

Journal article
Environment and Planning B: Urban Analytics and City Science:
Will coronavirus cause a big city exodus?

What does the pandemic mean for the future of cities? We’ve seen predictions that COVID-19 is an ‘extinction-level event’ for expensive, commuter-driven megacities. We’ve also seen confidence: if the ‘death of distance’ ...Read more...

Max Nathan and Henry G. Overman

1 November 2020

Journal article
The Review of Economics and Statistics:
Forthcoming
Multinomial Choice with Social Interactions: Occupations in Victorian London

We study the importance of social interactions on the occupational choice in Victorian London using a multinomial choice model within an incomplete social network. Individuals form heterogeneous rational expectations abo...Read more...

Jose-Alberto Guerra and Myra Mohnen

30 October 2020

Journal article
Research Policy:
Does light touch cluster policy work? Evaluating the tech city programme

Cluster policies are popular with policymakers, but we know surprisingly little about their effectiveness. This paper evaluates the causal impact of a flagship UK technology cluster programme that uses ‘light touch’, mar...Read more...

Max Nathan

21 October 2020

Journal article
The Review of Economic Studies:
Face-to-Face Communication in Organisations

Communication is integral to organizations and yet field evidence on the relation between communication and worker productivity remains scarce. We argue that a core role of communication is to transmit information that h...Read more...

Diego Battiston, Jordi Blanes i Vidal and Tom Kirchmaier

13 October 2020

Journal article
The BMJ:
Taking a wellbeing years approach to policy choice

Every day, policy makers must decide whether a policy is desirable. They do so by examining its impact on a range of outcomes. But the problem is how to aggregate these disparate outcomes. For example, as covid-19 cases ...Read more...

Andrew E. Clark, Jan-Emmanuel De Neve, Christian Krekel, Richard Layard and Gus O'Donnell

5 October 2020

Journal article
Labour Economics:
Job polarization and the declining quality of knowledge workers: Evidence from the UK and Germany

Across the developed world, employment has polarized clearly by occupation, but changes to the wage structure have been harder to interpret. We examine changes to the wage structure in the UK and Germany, two countries w...Read more...

Chiara Cavaglia and Ben Etheridge

1 October 2020

Journal article
Journal of Public Economics:
Entry through the narrow door: the costs of just failing high stakes exams

In many countries, important thresholds in examinations act as a gateway to higher levels of education and/or improved employment prospects. This paper examines the consequences of just failing a particularly important h...Read more...

Stephen Machin, Sandra McNally and Jenifer Ruiz-Valenzuela

1 October 2020

Journal article
Journal of Economic Perspectives:
Solo self-employment and alternative work arrangements: a cross-country perspective on the changing composition of jobs

The nature of self-employment is changing in most OECD countries. Solo self-employment is increasing relative to self-employment with dependent employees, often being associated with the development of gig economy work a...Read more...

Tito Boeri, Giulia Giupponi, Alan B. Krueger and Stephen Machin

1 October 2020

Journal article
The Economic Journal:
The impact of terrorism on individual well-being: Evidence from the boston marathon bombing

A growing literature has concluded that terrorism affects the economy, yet less is known about its impact on individual welfare. This article estimates the impact of the 2013 Boston marathon bombing on well-being, exploi...Read more...

Andrew E. Clark, Orla Doyle and Elena Stancanelli

1 October 2020

Journal article
The Economic Journal:
Training requirements, automation, and job polarisation

We analyse how job training requirements interact with engineering complexity in shaping firms' automation decisions. A model that distinguishes between a task's engineering complexity and its training requirements predi...Read more...

Andy Feng and Georg Graetz

1 October 2020

Journal article
Journal of Labor Economics:
Why unions survive: Understanding how unions overcome the free-rider problem

This paper provides evidence for why individuals join unions instead of free riding. I model membership as legal insurance. To test the model, I use the incidence of news stories concerning allegations against teachers i...Read more...

Richard Murphy

1 October 2020

Journal article
Review of Economics and Statistics:
Trade and uncertainty

We offer a new explanation as to why international trade is so volatile in response to economic shocks. Our approach combines the idea of uncertainty shocks with international trade. Firms order inputs from home and fore...Read more...

Dennis Novy and Alan M. Taylor

1 October 2020

Journal article
Economic Policy:
School choice during a period of radical school reform. Evidence from academy conversion in England

We study how demand responds to the rebranding of existing state schools as autonomous 'academies' in the context of a radical and large-scale reform to the English education system. The academy programme encouraged scho...Read more...

Marco Bertoni, Stephen Gibbons and Olmo Silva

1 October 2020

Journal article
Gospodarka Narodowa. The Polish Journal of Economics:
Student Mobility and Sorting of Students Mobilnosc studentów i ich sortowanie

This study investigates whether improving student mobility leads to greater sorting of students between schools and classes. I isolate an exogenous change in student mobility using the two-stage design of the Polish comp...Read more...

Pawel Bukowski

30 September 2020

Journal article
Journal of Population Economics:
Children, unhappiness and family finances

The common finding of a zero or negative correlation between the presence of children and parental well-being continues to generate research interest. We consider international data, including well over one million obser...Read more...

David Blanchflower and Andrew E. Clark

29 September 2020

Journal article
CESifo Forum:
The Gig Economy Beyond Local Services and Transportation

The gig economy characterizes a wide variety of short-term freelance work, typically intermediated via online platforms that facilitate matching between buyers and providers. The widespread growth of ride-sharing platfor...Read more...

Christopher T. Stanton and Catherine Thomas

1 September 2020

Journal article
Journal of Urban Economics:
Land tenure and land-use in a developing city: A quantitative spatial model applied to Kampala, Uganda

Land rights and tenure systems are an important factor behind poor housing and inefficient land-use in developing country cities. In Kampala, Uganda, four systems of land tenure coexist, allowing a detailed study of the ...Read more...

Julia Bird and Anthony J. Venables

1 September 2020

Journal article
Journal of International Economics:
Trade liberalization, input intermediaries and firm productivity: Evidence from China

We investigate theoretically and empirically the role of wholesalers in mediating the productivity effects of trade liberalization. Intermediaries provide indirect access to foreign produced inputs. The productivity effe...Read more...

Fabrice Defever, Michele Imbruno and Richard Kneller

1 September 2020

Journal article
Review of Industrial Organization:
Critically important: the heterogeneous effect of diplomatic tensions on trade

With global value chains interlocking today’s economies, what is the impact of diplomatic tensions on international trade? We exploit variation in monthly data on imports, a measure of imported input use in the domesti...Read more...

Julian Hinz and Elsa Leromain

1 September 2020

Journal article
European Economic Review:
All these worlds are yours, except india: The effectiveness of cash subsidies to export in nepal

This paper studies the impact of a ‘textbook’ ad-valorem export subsidy on firm-level export performance. The Cash Incentive Scheme for Exports (CISE) program offered by the government of Nepal offers a cash subsidy to f...Read more...

Fabrice Defever, Jose-Daniel Reyes, Alejandro Riano and Gonzalo Varela

1 September 2020

Journal article
Early Childhood Research Quarterly:
The when and what of measuring ECE quality: Analysis of variation in the Classroom Assessment Scoring System (CLASS) across the ECE day

Observational assessment has become an integral component of the quality improvement agenda in Early Care and Education (ECE) and has been significant in directing attention to quality of interactions within the ECE sett...Read more...

Tony Beatton, Sandy Houen, Peter Rankin, Matteo Sandi, Iram Siraj, Sally Staton and Karen Thorpe

1 September 2020

Journal article
Revista do Serviço Público:
Lockdown 101: Managing economic lockdowns in an epidemic

Countries worldwide have implemented lockdown measures to contain the covid-19 pandemic. After more than three months of restrictions to economic activities in many countries, the question has turned to the best ways to ...Read more...

Emanuel Ornelas

1 September 2020

Journal article
Journal of Economic Geography:
Tales of the city: what do agglomeration cases tell us about agglomeration in general?

This article considers the heterogeneous microfoundations of agglomeration economies. It studies the co-location of industries to look for evidence of labour pooling, input sharing and knowledge spillovers. The novel con...Read more...

Giulia Faggio, Olmo Silva and William C. Strange

1 September 2020

Journal article
Economica:
'Trophy architects' and design as rent-seeking: quantifying deadweight losses in a tightly regulated office market

Britain tightly restricts the supply of office space, creating substantial economic rents, but its development restrictions are politically administered and therefore gameable, inducing rent-seeking activity. We find tha...Read more...

Paul Cheshire and Gerard H. Dericks

1 September 2020

Journal article
SERIEs:
Job loss at home: children's school performance during the Great Recession

This paper studies the intergenerational impact of parental job loss on school performance during the Great Recession in Spain. Collecting data through parental surveys in a school in the province of Barcelona, I obtain ...Read more...

Jenifer Ruiz-Valenzuela

1 September 2020

Journal article
Oxford Review of Economic Policy:
What is the meaning of (statistical) life? Benefit-cost analysis in the time of COVID-19

Efforts to support public policy decisions need to be conducted carefully and thoughtfully. Recent efforts to estimate the social benefits of reductions in mortality risks associated with COVID-19 interventions are likel...Read more...

Jonathan Colmer

29 August 2020

Journal article
Fiscal Studies:
Devolving skills: the case of the apprenticeship grant for employers

One rationale for devolution is that local decision makers may be well placed to adapt national policies to the local context. We test whether such adaptation helps meet programme objectives in the case of the Apprentice...Read more...

Chiara Cavaglia, Sandra McNally and Henry G. Overman

1 August 2020

Journal article
Labour Economics:
Gender norms, fairness and relative working hours within households

Using data in the United States, UK and Germany, we show that women whose working hours exceed those of their male partners report lower life satisfaction on average. By contrast, men do not report lower life satisfactio...Read more...

Sarah Flèche, Anthony Lepinteur and Nattavudh Powdthavee

1 August 2020

Journal article
Economics of Education Review:
Boys lag behind: How teachers’ gender biases affect student achievement

I use a combination of blind and non-blind test scores to show that middle school teachers favor girls in their evaluations. This favoritism, estimated as individual teacher effects, has long-term consequences: as measur...Read more...

Camille Terrier

1 August 2020

Journal article
The Review of Economics and Statistics:
Product mix and firm productivity responses to trade competition

We document how demand shocks in export markets lead French multi-product exporters to re-allocate the mix of products sold in those destinations. In response to positive demand shocks, French firms skew their export sal...Read more...

Thierry Mayer, Marc J. Melitz and Gianmarco I. P. Ottaviano

1 August 2020

Journal article
Science:
Disparities in PM2.5 air pollution in the United States

Air pollution at any given time is unequally distributed across locations. Average concentrations of fine particulate matter smaller than 2.5 micrometers in diameter (PM2.5) have fallen over time. However, we do not know...Read more...

Jonathan Colmer, Ian Hardman, Jay Shimshack and John Voorheis

31 July 2020

Journal article
Proceedings of the National Academy of Sciences of the United States of America:
Ethnolinguistic diversity and urban agglomeration

This article shows that higher ethnolinguistic diversity is associated with a greater risk of social tensions and conflict, which, in turn, is a dispersion force lowering urbanization and the incentives to move to big ci...Read more...

Ulrich J. Eberle, J. Vernon Henderson, Dominic Rohner and Kurt Schmidheiny

14 July 2020

Journal article
Education Economics:
Minority report: the impact of predicted grades on university admissions of disadvantaged groups

We study the UK's university application system, in which students apply based on predicted examination grades, rather than actual results. Using three years of UK university applications data we find that only 16% of ap...Read more...

Richard Murphy and Gill Wyness

3 July 2020

Journal article
European Journal of Finance:
Is firm-level clean or dirty innovation valued more?

We examine how Tobin's Q is linked to 'clean' and 'dirty' innovation and innovation efficiency at the firm level. Clean innovation relates to patented technologies in areas such as renewable energy generation and electri...Read more...

Antoine Dechezleprêtre, Cal B. Muckley and Parvati Neelakantan

2 July 2020

Journal article
Behavioural Public Policy:
A happy choice: a response to the responses

We are very happy to see the engagement of so many eminent scholars in our field with our modest proposal for how to proceed with wellbeing policy formation in the UK. We are also heartened by the apparent endorsement of...Read more...

Andrew E. Clark, Paul Frijters, Christian Krekel and Richard Layard

1 July 2020

Journal article
World Economy:
The not-so-generalised effects of the Generalized System of Preferences

We use an empirical gravity equation to study how non-reciprocal trade preferences (NRTPs), enacted mainly through the Generalized System of Preferences, affect the exports of the beneficiary nations. In line with existi...Read more...

Emanuel Ornelas and Marcos Ritel

1 July 2020

Journal article
Journal of Urban Economics:
On the economic impacts of constraining second home investments

We investigate how political backlash against wealthy second home investors in high natural amenity places affects local residents. We exploit a quasi-natural experiment: the 'Swiss Second Home Initiative', which banned ...Read more...

Christian A. L. Hilber and Olivier Schöni

1 July 2020

Journal article
Journal of Economic Geography:
Airports, access and local economic performance: Evidence from China

In this article, we study the effect of airports on local economic performance that arises from better access to domestic markets in the context of China’s recent airport network expansion. We measure access through the ...Read more...

Stephen Gibbons and Wenjie Wu

1 July 2020

Journal article
Economics and Politics:
The political economy of trade and migration: Evidence from the U.S. Congress

We compare the drivers of U.S. congressmen's votes on trade and migration reforms since the 1970s. Standard trade theory suggests that trade reforms that lower barriers to goods from less skilled-labor abundant countries...Read more...

Paola Conconi, Giovanni Facchini, Max F. Steinhardt and Maurizio Zanardi

1 July 2020

Journal article
Behavioural Public Policy:
A happy choice: wellbeing as the goal of government

n this article, we lay out the basic case for wellbeing as the goal of government. We briefly review the history of this idea, which goes back to the ancient Greeks and was the acknowledged ideal of the Enlightenment. We...Read more...

Paul Frijters

1 July 2020

Journal article
Regional Science and Urban Economics:
The effects of supporting local business: evidence from the UK

This paper assesses the effects of a significant place-based intervention that targeted local businesses in deprived areas in the UK. To gain identification, we use data at a fine spatial scale and a regression discontin...Read more...

Elias Einiö and Henry G. Overman

1 July 2020

Journal article
Asian Economic Policy Review:
Trade Blocs and Trade Wars during the Interwar Period

What precisely were the causes and consequences of the trade wars in the 1930s? Were there perhaps deeper forces at work in reorienting global trade prior to the outbreak of World War II? And what lessons may this partic...Read more...

David S. Jacks and Dennis Novy

1 July 2020

Journal article
American Economic Journal: Applied Economics:
Front-loading the unemployment benefit: An empirical assessment

We estimate the effect of front-loading unemployment benefit payments on nonemployment duration and reemployment wages. Exploiting a sharp change in the path of benefits for those who claimed unemployment benefits after ...Read more...

Attila Lindner and Balazs Reizer

1 July 2020

Journal article
Review of Industrial Organization:
The Gravity of Intermediate Goods

One of the puzzles of the gravity literature is the persistent effect of distance on trade flows, despite the dramatic fall in trade costs during the last few decades (Disdier and Head in Rev Econ Stat 90(1):37–48, 2008)...Read more...

Paola Conconi, Glenn Magerman and Afrola Plaku

11 June 2020

Journal article
Journal of the European Economic Association:
Credit Constraints and the Composition of Housing Sales. Farewell to First-Time Buyers?

During the housing bust of 2008-2009, housing prices and transaction volumes fell across the United Kingdom. Although the drop in prices was similar across housing types, transaction volumes fell more for units at the lo...Read more...

Felipe Carozzi

1 June 2020

Journal article
Labour Economics:
Gender gaps and the structure of local labor markets

In this paper we discuss some strands of the recent literature on the evolution of gender gaps and their driving forces. We will revisit key stylized facts about gender gaps in employment and wages in a few high-income c...Read more...

Barbara Petrongolo and Maddalena Ronchi

1 June 2020

Journal article
Journal of Economic Perspectives:
Place-based policies and spatial disparities across European cities

Spatial disparities in income and worklessness across areas of the European Union are profound and persistent. Concerns about these disparities and the appropriate policy response are longstanding. Two trends have re-ene...Read more...

Maximilian v. Ehrlich and Henry G. Overman

1 June 2020

Journal article
World Bank Economic Review:
Migration and Urbanization in Post-Apartheid South Africa

Although Africa has experienced rapid urbanization in recent decades, little is known about the process of urbanization across the continent. This paper exploits a natural experiment, the abolition of South African pass ...Read more...

Jan David Bakker, Christopher Parsons and Ferdinand Rauch

1 June 2020

Journal article
Journal of Economic Perspectives:
Urbanization in the developing world: Too early or too slow?

We describe patterns of urbanization in the developing world and the extent to which they differ from the developed world. We consider the extent to which urbanization in the developing world can be explained by conventi...Read more...

J. Vernon Henderson and Matthew A. Turner

1 June 2020

Journal article
The Journal of Industrial Economics:
Demand-Driven Technical Change and Productivity Growth: Theory and Evidence from the Energy Policy Act

We present novel evidence on the effect of market size on technology adoption and productivity. Our tests exploit a natural experiment in the U.S. corn industry where changes to national energy policy created exogenous i...Read more...

Giammario Impullitti, Richard Kneller and Danny McGowan

1 June 2020

Journal article
Journal of Economic Dynamics and Control:
Comments on "labor market trends and the changing value of time"

The last century was characterized by a well-documented marked increase in income inequality in the US (see Alvaredo et al., 2018, among many others), which fostered a vast debate among academics and policy makers about ...Read more...

Francesca Carta and Marta De Philippis

1 June 2020

Journal article
The Economic Journal:
Skill-biased management: evidence from manufacturing firms

This article investigates the link between management practices and workforce skills in manufacturing firms, exploiting geographical variation in the supply of human capital. Skills measures are constructed using newly c...Read more...

Andy Feng and Anna Valero

1 May 2020

Journal article
Journal of Urban Economics:
The role of demand in land re-development

Vacant, previously-developed land in cities can generate negative externalities on surrounding areas, and is often the target of policies to promote re-development. This paper provides estimates of the price sensitivity ...Read more...

Felipe Carozzi

1 May 2020

Journal article
The Quarterly Journal of Economics:
The making of the modern metropolis: evidence from London

Using newly constructed spatially disaggregated data for London from 1801 to 1921, we show that the invention of the steam railway led to the first large-scale separation of workplace and residence. We show that a class ...Read more...

Stephan Heblich, Stephen J. Redding and Daniel M. Sturm

1 May 2020

Journal article
The Review of Economic Studies:
Top of the class: the importance of ordinal rank

This article establishes a new fact about educational production: ordinal academic rank during primary school has lasting impacts on secondary school achievement that are independent of underlying ability. Using data on ...Read more...

Richard Murphy and Felix Weinhardt

1 May 2020

Journal article
Heliyon:
Estimating the impact of the Internet of Things on productivity in Europe

The Internet of Things (IoT) refers to interconnected devices and objects that collect and transmit data via the Internet. The IoT is an evolving technology, promising to revolutionise industries, but also demanding far-...Read more...

Hector Espinoza, Gerhard Kling, Frank McGroarty, Mary O'Mahony and Xenia Ziouvelou

1 May 2020

Journal article
Journal of Development Economics:
The Belt and Road Initiative: Reshaping economic geography in Central Asia?

This paper develops a computable spatial equilibrium model of Central Asia and uses it to analyze the possible effects of the Belt and Road Initiative on the economy of the region. The model captures international and su...Read more...

Julia Bird, Mathilde Sylvie Maria Lebrand and Anthony J. Venables

1 May 2020

Journal article
European Economic Review:
Voting with their money: Brexit and outward investment by UK firms

We study the impact of the 2016 Brexit referendum on UK foreign direct investment. Using the synthetic control method to construct appropriate counterfactuals, we show that by March 2019 the Leave vote had led to a 17% i...Read more...

Holger Breinlich, Elsa Leromain, Dennis Novy and Thomas Sampson

1 May 2020

Journal article
Information Processing and Management:
Machine learning classification of entrepreneurs in British historical census data

This paper presents a binary classification of entrepreneurs in British historical data based on the recent availability of big data from the I-CeM dataset. The main task of the paper is to attribute an employment status...Read more...

Robert J Bennett, Piero Montebruno, Harry Smith and Carry van Lieshout

1 May 2020

Journal article
The Review of Economic Studies:
Building the City: From Slums to a Modern Metropolis

We model the building of a city, estimate parameters of the model, and calculate welfare losses from institutional frictions encountered in changing land-use. We distinguish formal and slum construction technologies; in ...Read more...

J. Vernon Henderson, Tanner Regan and Anthony J. Venables

1 May 2020

Journal article
Education Policy Analysis Archives:
Using global observation protocols to inform research on teaching effectiveness and school improvement: Strengths and emerging limitations [Uso de protocolos globais de observaçăo em pesquisas sobre a eficácia do professor e melhoria da escola: Pontos for

An essential feature of many modern teacher observation protocols is their “global” approach to measuring instruction. Global protocols provide a summary evaluation of multiple domains of instruction from observers’ over...Read more...

Esteban M. Aucejo, Robert Bringe, Jane Cooley Fruehwirth and Sean Kelly

13 April 2020

Journal article
World Trade Review:
Reopening Pandora's Box in Search of a WTO-Compatible Industrial Policy? the Brazil-Taxation Dispute

We critically assess the Appellate Body (AB) report on the Brazil-Taxation dispute, taken to the World Trade Organisation by the European Union and Japan, and encompassing seven different Brazilian industrial programmes ...Read more...

Emanuel Ornelas and Laura Puccio

2 April 2020

Journal article
American Economic Journal: Applied Economics:
Flooded cities

Does economic activity move away from areas that are at high risk of recurring shocks? We examine this question in the context of floods, which displaced more than 650 million people worldwide in the last 35 years. We st...Read more...

Adriana Kocornik-Mina, Thomas K.J. McDermott, Guy Michaels and Ferdinand Rauch

1 April 2020

Journal article
Journal of the European Economic Association:
Prices, Policing and Policy: The Dynamics of Crime Booms and Busts

In many historical episodes, the extent of criminal activity has displayed booms and busts. One very clear example is the case of metal crime, where in the face of big increases in value driven by world commodity prices,...Read more...

Tom Kirchmaier, Stephen Machin, Matteo Sandi and Robert Witt

1 April 2020

Journal article
Oxford Bulletin of Economics and Statistics:
Do apprenticeships pay? Evidence for England

The importance of apprenticeships for early labour market transitions varies across countries and over time. In recent times, there has been a policy drive to increase the number of people undertaking apprenticeships in ...Read more...

Chiara Cavaglia, Sandra McNally and Guglielmo Ventura

1 April 2020

Journal article
Brazilian Review of Econometrics:
Winners and Losers from China's Ascension in International Trade: a Structural Approach

This paper employs a unified theoretical framework to estimate the effect of changes within China on the Brazilian and World's economy. Based on the Ricardian model of trade of Costinot et al. (2012), we perform counterf...Read more...

Francisco Costa and Joao Paulo Pessoa

25 March 2020

Journal article
Economica:
Male-biased Demand Shocks and Women's Labour Force Participation: Evidence from Large Oil Field Discoveries

Do male-biased labour demand shocks affect women's labour market outcomes? To study this question, we examine large oil field discoveries in the southern USA from 1900 to 1940. We find that oil wealth has an overall posi...Read more...

Stephan E. Maurer and Andrei V. Potlogea

21 March 2020

Journal article
Regional Studies:
Creative differences? Measuring creative economy employment in the United States and the UK

This paper compares the creative economies of the US and the UK regions and nations using high-quality administrative microdata spanning the period 2011–13. The creative industries are highly urbanized in both countries....Read more...

Thomas Kemeny, Max Nathan and Peter O'Brien

1 March 2020

Journal article
The Review of Economic Studies:
Public goods institutions, human capital, and growth: Evidence from german history

What are the origins and consequences of the state as a provider of public goods? We study public goods provision established through new laws in German cities during the 1500s. Cities that adopted the laws subsequently ...Read more...

Jeremiah Dittmar and Ralph R. Meisenzahl

1 March 2020

Journal article
The Quarterly Journal of Economics:
The fall of the labor share and the rise of superstar firms

The fall of labor's share of GDP in the United States and many other countries in recent decades is well documented but its causes remain uncertain. Existing empirical assessments typically rely on industry or macro data...Read more...

David Autor, David Dorn, Lawrence F. Katz, Christina Patterson and John Van Reenen

1 February 2020

Journal article
Oxford Review of Economic Policy:
Gender, achievement, and subject choice in English education

In common with other OECD countries, there is a gender gap in educational achievement in England favouring girls. This carries through to tertiary education. On the other hand, boys are far more likely to engage in STEM ...Read more...

Chiara Cavaglia, Stephen Machin, Sandra McNally and Jenifer Ruiz-Valenzuela

1 February 2020

Journal article
The Economic Journal:
Merger Policy in a Quantitative Model of International Trade

In a two-country international trade model with oligopolistic competition, we study the conditions on market structure and trade costs under which a merger policy designed to benefit domestic consumers is either too toug...Read more...

Holger Breinlich, Volker Nocke and Nicolas Schutz

1 February 2020

Journal article
Quarterly Journal of Economics:
Measuring Aggregate Price Indices with Taste Shocks: Theory and Evidence for CES Preferences

We develop an approach to measuring the cost of living for CES preferences that treats demand shocks as taste shocks that are equivalent to price shocks. In the presence of relative taste shocks, the Sato-Vartia price in...Read more...

Stephen J. Redding and David E. Weinstein

1 February 2020

Journal article
Journal of Urban Economics:
Does investment in national highways help or hurt hinterland city growth?

We investigate the effects of the recently constructed Chinese national highway system on local economic outcomes. On average, roads that improve access to local markets have small or negative effects on prefecture econo...Read more...

Nathaniel Baum-Snow, Loren Brandt, J. Vernon Henderson, Matthew A. Turner and Qinghua Zhang

1 January 2020

Journal article
The Economic Journal:
Autonomous Schools and Strategic Pupil Exclusion

This paper studies whether pupil performance gains in autonomous schools in England can be attributed to the strategic exclusion of poorly performing pupils. England has had two phases of academy school introduction, the...Read more...

Stephen Machin and Matteo Sandi

1 January 2020

Journal article
Journal of Economic Perspectives:
The elusive employment effect of the minimum wage

Vacant, previously-developed land in cities can generate negative externalities on surrounding areas, and is often the target of policies to promote re-development. This paper provides estimates of the price sensitivity ...Read more...

Alan Manning

1 January 2020

Journal article
Labour Economics:
Intergenerational effects of employment protection reforms

Job insecurity has worsened in most OECD countries in the aftermath of the Great Recession. Using Labour Force Survey data, I estimate the link between parental job insecurity (as measured by the contract type held by pa...Read more...

Jenifer Ruiz-Valenzuela

1 January 2020

Journal article
Oxford Review of Economic Policy:
Gender diversity in firms

This paper explores the recent efforts by the corporate world and public policy to increase the number of women in leadership positions in the workplace. We review and empirically evaluate the ‘business case’ for gender ...Read more...

Ghazala Azmat and Anne Boring

1 January 2020

Journal article
Journal of Health Economics:
Child sleep and mother labour market outcomes

We show that sleep deprivation exerts strong negative effects on mothers’ labour market performance. To isolate variations in maternal sleep, we exploit unique variations in child sleep disruption using a UK panel datase...Read more...

Joan Costa-Font and Sarah Flèche

1 January 2020

Journal article
Journal of Economic Perspectives:
City limits: What do local-area minimum wages do?

Cities are increasingly setting their own minimum wages, and this trend has accelerated sharply in recent years. While in 2010 there were only three cities with their own minimum wages exceeding the state or federal stan...Read more...

Arindrajit Dube and Attila Lindner

1 January 2020

Journal article
Journal of Regional Science:
Direct democracy and intergenerational conflicts in ageing societies

To evaluate the potential effects of population ageing on the outcomes of direct democracy, we analyze the effect of age on voting decisions in public referendums. In a case study of the Stuttgart 21 referendum on one of...Read more...

Gabriel M. Ahlfeldt, Wolfgang Maennig and Malte Steenbeck

1 January 2020

Journal article
European Economic Review:
Strategic inattention, delegation and endogenous market structure

We model an industry in which a discrete number of firms choose the output of their differentiated products, deciding whether or not to consider the impact of their decisions on aggregate output. The firm's choice of ign...Read more...

Roberto Cellini, Luca Lambertini and Gianmarco I. P. Ottaviano

1 January 2020

Journal article
Economics of Education Review:
Oil discoveries and education provision in the Postbellum South

This paper studies the effect of oil wealth on the provision of education in the early 20th century United States. Using information on the location and discovery of major oil fields, I find that oil wealth increased loc...Read more...

Stephan E. Maurer

1 December 2019

Journal article
Fiscal Studies:
Financing Local Police Spending in England and Wales: Fiscal Federalism in Practice

Since 1995, police forces in England and Wales have been able to raise revenues locally to supplement grants from central government. We analyse the variation across police force areas in locally raised police revenues o...Read more...

Rowena Crawford, Richard Disney and Polly Simpson

1 December 2019

Journal article
Journal of Assisted Reproduction and Genetics:
Incidence of surrogacy in the USA and Israel and implications on women’s health: a quantitative comparison

Purpose: Gestational surrogacy (GS) has been researched in multiple qualitative studies. In contrast, quantitative aspects of the practice are conspicuously understudied. The present article assesses and compares the inc...Read more...

Daphna Birenbaum-Carmeli and Piero Montebruno

1 December 2019

Journal article
Fiscal Studies:
Have R&D Spillovers Declined in the 21st Century?

Slow growth over the last decade has prompted policy attention towards increasing R&D spending, often via the tax system. We examine the impact of R&D on firm performance, both by the firm's own investments and through p...Read more...

Nicholas Bloom, Brian Lucking and John Van Reenen

1 December 2019

Journal article
Zeitschrift für Immobilienökonomie, German Journal of Real Estate Research:
Immobilienpreise und Immobilienzyklen und die Rolle von Angebotsbeschränkungen

This article explores the role of supply constraints for house price growth and price dynamics. Simple demand-supply considerations suggest that house prices should respond more strongly to local housing demand shocks in...Read more...

Christian A. L. Hilber

1 November 2019

Journal article
Economic Journal:
Can Helping the Sick Hurt the Able? Incentives, Information and Disruption in a Welfare Reform

The UK Jobcentre Plus reform sharpened bureaucratic incentives to help disability benefit recipients (relative to unemployment insurance recipients) into jobs. In the long run, the policy raised exits off disability bene...Read more...

Nitika Bagaria, Felix Koenig, Barbara Petrongolo and John Van Reenen

1 November 2019

Journal article
Zeitschrift für Immobilienökonomie, German Journal of Real Estate Research:
Gewinner und Verlierer von Stadtentwicklung: Ein Plädoyer für mehr Wohneigentum

The desire for more home ownership in Germany remains unbroken. However, not all households succeed in putting this desire into practice. The theoretical and empirical literature on the external benefits and costs of own...Read more...

Gabriel M. Ahlfeldt

1 November 2019

Journal article
Journal of Environmental Economics and Management:
Ease vs. noise: Long-run changes in the value of transport (dis)amenities

For a complete cost-benefit analysis of durable infrastructures, it is important to understand how the value of non-market goods such as transit time and environmental quality changes as incomes rise in the long-run. We ...Read more...

Gabriel M. Ahlfeldt, Volker Nitsch and Nicolai Wendland

1 November 2019

Journal article
National Institute Economic Review:
Formulating Industrial Policy

Alongside the challenge of maintaining economic competitiveness in the face of great uncertainty, Brexit brings an opportunity for the government to set out a new industrial strategy. The case for doing so rests on the n...Read more...

Timothy Besley and Richard Davies

1 November 2019

Journal article
Journal of Urban Economics:
The energy costs of historic preservation

We explore the impact of historic preservation policies on domestic energy consumption. Using panel data for England from 2006 to 2013 and employing a fixed effects strategy, we document that (i) rising national energy p...Read more...

Christian A. L. Hilber, Charles Palmer and Edward W. Pinchbeck

1 November 2019

Journal article
Journal of Economic Perspectives:
The impact of the 2018 tariffs on prices and welfare

We examine conventional approaches to evaluating the economic impact of protectionist trade policies. We illustrate these conventional approaches by applying them to the tariffs introduced by the Trump administration dur...Read more...

Mary Amiti, Stephen J. Redding and David E. Weinstein

1 October 2019

Journal article
The Journal of Human Resources:
Speech and Wages

Although language has been widely studied, relatively little is known about how a worker's speech, in his/her native tongue, is related to wages, or what explains the observed relationship. To address these questions, I ...Read more...

Jeffrey Grogger

1 October 2019

Journal article
The Journal of Human Resources:
Economic shocks and labor market flexibility

We test how labor markets adjust to large, but temporary, economic shocks in a context in which such shocks are common. Using an individual-level panel, from 1,140 Philippine municipalities over 26 quarters, we find that...Read more...

Simon Franklin and Julien Labonne

1 October 2019

Journal article
Journal of Economic Behavior and Organization:
The causes and consequences of early-adult unemployment: Evidence from cohort data

We here use the employment-history data from the British Cohort Study to calculate an individual's total experience of unemployment from the time they left education up to age 30. We show that, conditional on current une...Read more...

Andrew E. Clark and Anthony Lepinteur

1 October 2019

Journal article
Social History:
Female entrepreneurship: business, marriage and motherhood in England and Wales, 1851–1911

This article offers a new perspective on what it meant to be a business proprietor in Victorian Britain. Based on individual census records, it provides an overview of the full population of female business proprietors i...Read more...

Robert J Bennett, Piero Montebruno, Harry Smith and Carry van Lieshout

1 October 2019

Journal article
Journal of International Economics:
Geography, competition, and optimal multilateral trade policy

How should multilateral trade policy be designed in a world in which countries differ in terms of market access and technology, and firms with market power differ in terms of productivity? We answer this question in a mo...Read more...

Antonella Nocco, Gianmarco I. P. Ottaviano and Matteo Salto

1 September 2019

Journal article
Journal of Public Economics:
Quantifying the intangible impact of the Olympics using subjective well-being data

Hosting the Olympic Games costs billions of taxpayer dollars. Following a quasi-experimental setting, this paper assesses the intangible impact of the London 2012 Olympics, using a novel panel of 26,000 residents in Lond...Read more...

Paul Dolan, Georgios Kavetsos, Christian Krekel, Dimitris Mavridis, Robert Metcalfe, Claudia Senik, Stefan Szymanski and Nicolas R. Ziebarth

1 September 2019

Journal article
Journal of Macroeconomics:
Productivity growth, capital reallocation and the financial crisis: Evidence from Europe and the US

How has capital reallocation affected productivity growth since the financial crisis? For example, have low interest rates disrupted the reallocation process? This paper calculates the effect on productivity growth of ca...Read more...

Luisa Corrado, Jonathan Haskel and Cecilia Jona-Lasinio

1 September 2019

Journal article
Economics of Transportation:
Quantifying Wider Economic Impacts of agglomeration for transport appraisal: Existing evidence and future directions

The Authors This paper is concerned with the Wider Economic Impacts (WEIs) of transport improvements that arise via scale economies of agglomeration. It reviews the background theory and empirical evidence on agglomerati...Read more...

Daniel J. Graham and Stephen Gibbons

1 September 2019

Journal article
Journal of Urban Economics:
Measuring urban economic density

At the heart of urban economics are agglomeration economies, which drive the existence and extent of cities. This paper estimates urban agglomeration effects, exploring simple and very nuanced measures of economic densit...Read more...

J. Vernon Henderson, Sebastian Kriticos and Dzhamilya Nigmatulina

14 August 2019

Journal article
Journal of Economic Perspectives:
A Toolkit of Policies to Promote Innovation

Economic theory suggests that market economies are likely to underprovide innovation because of the public good nature of knowledge. Empirical evidence from the United States and other advanced economies supports this id...Read more...

Nicholas Bloom, John Van Reenen and Heidi Williams

1 August 2019

Journal article
American Economic Review:
Missing Growth from Creative Destruction

For exiting products, statistical agencies often impute inflation from surviving products. This understates growth if creatively-destroyed products improve more than surviving ones. If so, then the market share of surviv...Read more...

Philippe Aghion

1 August 2019

Journal article
Labour Economics:
Reprint of: Teaching assistants, computers and classroom management

Many students still leave school without a good grasp of basic literacy, despite the negative implications for future educational and labour market outcomes. We evaluate how resources may be used within classrooms to rei...Read more...

Helen Johnson, Sandra McNally, Heather Rolfe, Jenifer Ruiz-Valenzuela, Robert Savage, Janet Vousden and Clare Wood

1 August 2019

Journal article
Management Science:
What you don't know. . .can't hurt you? A natural field experiment on relative performance feedback in higher education

This paper studies the effect of providing feedback to college students on their position in the grade distribution by using a natural field experiment. This information was updated every six months during a three-year p...Read more...

Ghazala Azmat, Manuel Bagues, Antonio Cabrales and Nagore Iriberri

1 August 2019

Journal article
Journal of the European Economic Association:
The introduction of academy schools to England's education

This paper studies the origins of what has become one of the most radical and encompassing programmes of school reform seen in the recent past in advanced countries�the introduction of academy schools to English educat...Read more...

Andrew Eyles and Stephen Machin

1 August 2019

Journal article
Economics of Education Review:
The end of free college in England: Implications for enrolments, equity, and quality

Despite increasing financial pressures on higher education systems throughout the world, many governments remain resolutely opposed to the introduction of tuition fees, and some countries and states where tuition fees ha...Read more...

Richard Murphy, Judith Scott-Clayton and Gill Wyness

1 August 2019

Journal article
Economic Journal:
Diversity and Neighbourhood Satisfaction

This article investigates the impact of ethnic diversity on individuals' satisfaction with their neighbourhoods. It uses panel data and a variety of empirical methods to control for potential endogeneity of diversity and...Read more...

Monica Langella and Alan Manning

31 July 2019

Journal article
Journal of Political Economy:
CEO Behavior and Firm Performance

We measure the behavior of over 1,100 CEOs in six countries (Brazil, France, Germany, India, UK and US) using a new methodology that combines (i) a survey measuring each activity undertaken in a random work-week by the e...Read more...

Oriana Bandiera, Stephen Hansen, Andrea Prat and Raffaella Sadun

3 July 2019

Journal article
Economica:
Special Economic Zones and WTO Compliance: Evidence from the Dominican Republic

Special economic zones (SEZ), one of the most important instruments of industrial policy used in developing countries, often impose export share requirements (ESR). That is, firms located in SEZ are required to export mo...Read more...

Fabrice Defever and Jose-Daniel Reyes

1 July 2019

Journal article
Economica:
Who Got the Brexit Blues? The Effect of Brexit on Subjective Wellbeing in the UK

We use the 2015–16 waves of the UK Household Longitudinal Study (Understanding Society) to look at subjective wellbeing around the time of the June 2016 EU membership Referendum in the UK (Brexit). We employ measures of ...Read more...

Andrew E. Clark, Paul Frijters and Nattavudh Powdthavee

1 July 2019

Journal article
Journal of International Economics:
Globalization and state capitalism: Assessing Vietnam's accession to the WTO

What do state-owned enterprises (SOEs) do? How do they respond to market incentives? Can we expect substantial efficiency gains from trade liberalization in economies with a strong presence of SOEs? Using a new dataset o...Read more...

Leonardo Baccini, Giammario Impullitti and Edmund J. Malesky

1 July 2019

Journal article
China and World Economy:
Fiscal Subsidy Policy on Home Appliances: Its Effects on Domestic Consumption and Exports in China

This paper evaluates the effects of the Home Appliances Going to the Countryside (HAGC) policy, a fiscal subsidy program implemented in China to boost private consumption of home appliances in rural areas from 2007 to 20...Read more...

Ting Ji, Ningyuan Jia, Faqin Lin and Hang Wu

1 July 2019

Journal article
Economic Policy:
Zero Hours Contracts and Labour Market Policy

The evolving nature of atypical work arrangements is studied. A particular focus is placed on one such form of work relation: zero hour contracts (ZHCs). The paper uses existing secondary data and new survey data collect...Read more...

Nikhil Datta, Giulia Giupponi and Stephen Machin

28 June 2019

Journal article
The Review of Economics and Statistics:
Healthy Business? Managerial Education and Management in Healthcare

We investigate the link between hospital performance and managerial education by collecting a large database of management practices and skills in hospitals across nine countries. We find that hospitals closer to univers...Read more...

Nicholas Bloom, Renata Lemos, Raffaella Sadun and John Van Reenen

26 June 2019

Journal article
Labour Economics:
Teaching assistants, computers and classroom management

Many students still leave school without a good grasp of basic literacy, despite the negative implications for future educational and labour market outcomes. We evaluate how resources may be used within classrooms to rei...Read more...

Helen Johnson, Sandra McNally, Heather Rolfe, Jenifer Ruiz-Valenzuela, Robert Savage, Janet Vousden and Clare Wood

1 June 2019

Journal article
European Economic Review:
Host-country financial development and multinational activity

This paper evaluates the influence of host-country financial conditions on the global operations of multinational firms. Using detailed U.S. data, we establish that financial development in a country is associated with r...Read more...

L. Kamran Bilir, Davin Chor and Kalina Manova

1 June 2019

Journal article
American Economic Review:
The effect of house prices on household borrowing: A new approach

We investigate the effect of house prices on household borrowing using administrative mortgage data from the United Kingdom and a new empirical approach. The data contain household-level information on house prices and b...Read more...

James Cloyne, Kilian Huber, Ethan Ilzetzki and Henrik Kleven

1 June 2019

Journal article
American Economic Review: Insights:
Robot Arithmetic: New Technology and Wages

Existing economic models show how new technology can cause large changes in relative wages and inequality. But there are also claims, based largely on verbal expositions, that new technology can harm workers on average o...Read more...

Francesco Caselli and Alan Manning

1 June 2019

Journal article
IZA Journal of Labor Economics:
Reallocation and the Role of Firm Composition Effects on Aggregate Wage Dynamics

Aggregate wages display little cyclicality compared to what a standard model would predict. Wage rigidities are an obvious candidate, but the existing literature has emphasized the need to take into account the growing i...Read more...

Effrosyni Adamopoulou, Emmanuele Bobbio, Marta De Philippis and Federico Giorgi

1 June 2019

Journal article
Agricultural History Review:
Shifts in Agrarian entrepreneurship in mid-Victorian England and Wales

This paper provides the first full-population analysis of changes in the entrepreneurial status of farmers during the mid-nineteenth century: between being employers or sole proprietors with no workforce. Using a unique ...Read more...

Robert J Bennett, Piero Montebruno, Max Satchell, Harry Smith and Carry van Lieshout

1 June 2019

Journal article
Physica A: Statistical Mechanics and its Applications:
A tale of two tails: Do Power Law and Lognormal models fit firm-size distributions in the mid-Victorian era?

The paper explores the frequency and size distributions of firm-size in a novel dataset for the mid-Victorian era from a recent extraction of the England and Wales population censuses of 1851, 1861, 1871, and 1881. The p...Read more...

Robert J Bennett, Piero Montebruno, Harry Smith and Carry van Lieshout

1 June 2019

Journal article
Journal of the European Economic Association:
Task specialization in U.S. Cities from 1880 to 2000

We develop a new methodology for quantifying the tasks undertaken within occupations using over 3,000 verbs from more than 12,000 occupational descriptions in the Dictionary of Occupational Titles (DOTs). Using micro dat...Read more...

Guy Michaels, Ferdinand Rauch and Stephen J. Redding

1 June 2019

Journal article
Journal of the European Economic Association:
Joseph Schumpeter Lecture, EEA Annual Congress 2017: Do Tax Cuts Produce more Einsteins? The Impacts of Financial Incentives VerSus Exposure to Innovation on the Supply of Inventors

Many countries provide financial incentives to spur innovation, ranging from tax incentives to research and development grants. In this paper, we study how such financial incentives affect individuals' decisions to pursu...Read more...

Alex Bell, Raj Chetty, Xavier Jaravel, Neviana Petkova and John Van Reenen

1 June 2019

Journal article
Review of Income and Wealth:
Neighbors' Income, Public Goods, and Well-Being

Read more...

Abel Brodeur and Sarah Flèche

1 June 2019

Journal article
Journal of Urban Economics:
Relocation of public sector workers: Evaluating a place-based policy ,

This paper investigates the local labor market impact of a UK relocation initiative – the 2004 Lyons Review. The review resulted in the dispersal of about 25,000 civil service jobs out of London and the South East toward...Read more...

Giulia Faggio

1 May 2019

Journal article
The Quarterly Journal of Economics:
Protests as strategic games: Experimental evidence from Hong Kong's antiauthoritarian movement

Social scientists have long viewed the decision to protest as strategic, with an individual's participation a function of their beliefs about others' turnout. We conduct a framed field experiment that recalibrates indivi...Read more...

Davide Cantoni, David Y. Yang, Noam Yuchtman and Y Jane Zhang

1 May 2019

Journal article
The Quarterly Journal of Economics:
Who becomes an inventor in America? The importance of exposure to innovation

We characterize the factors that determine who becomes an inventor in the United States, focusing on the role of inventive ability (“nature”) versus environment (“nurture”). Using deidentified data on 1.2 million invento...Read more...

Alex Bell, Raj Chetty, Xavier Jaravel, Neviana Petkova and John Van Reenen

1 May 2019

Journal article
The Quarterly Journal of Economics:
The unequal gains from product innovations: Evidence from the U.S. Retail sector

This article examines how product innovations led to inflation inequality in the United States from 2004 to 2015. Using scanner data from the retail sector, I find that annual inflation for retail products was 0.661 (std...Read more...

Xavier Jaravel

1 May 2019

Journal article
The Review of Economic Studies:
The changing returns to crime: do criminals respond to prices?

To what extent does crime follow the pattern of potential gains to illegal activity? This article presents evidence on how criminals respond to this key incentive by reporting crime-price elasticities estimated from a co...Read more...

Mirko Draca, Theodore Koutmeridis and Stephen Machin

1 May 2019

Journal article
American Economic Review:
What drives differences in management practices?

Partnering with the US Census Bureau, we implement a new survey of "structured" management practices in two waves of 35,000 manufacturing plants in 2010 and 2015. We fnd an enormous dispersion of management practices acr...Read more...

Nicholas Bloom, Erik Brynjolfsson, Lucia Foster, Ron Jarmin, Megha Patnaik, Itay Saporta-Eksten and John Van Reenen

1 May 2019

Journal article
AEA Papers and Proceedings:
The Introduction of Tasers and Police Use of Firearms: Evidence from the Chicago Police Department

Many police jurisdictions have recently expanded their Taser arsenals with a goal of reducing officer-involved shootings. We analyze substitution between Tasers and firearms by means of an event study made possible by a ...Read more...

Bocar Ba and Jeffrey Grogger

1 May 2019

Journal article
Review of World Economics:
Are all trade agreements equal? The role of distance in shaping the effect of economic integration agreements on trade flows

How does geographic distance affect the impact of trade agreements on bilateral exports, and through what channels? This paper examines this questions in a gravity model context for different types of goods for 185 count...Read more...

Rebecca Freeman and Samuel Pienknagura

1 May 2019

Journal article
Journal of Urban Economics:
The economic effects of density: A synthesis

This paper synthesises the state of knowledge on the economic effects of density. We consider 347 estimates of density elasticities of a broad range of outcomes ranging from wages, innovation, rents, various amenities, t...Read more...

Gabriel M. Ahlfeldt and Elisabetta Pietrostefani

1 May 2019

Journal article
Journal of International Economics:
Foreign expansion, competition and bank risk

Using a novel dataset on the 15 European banks classified as G-SIBs from 2005 to 2014, we find that the impact of foreign expansion on risk is always negative and significant for most individual and systemic risk metrics...Read more...

Ester Faia, Sebastien Laffitte and Gianmarco I. P. Ottaviano

1 May 2019

Journal article
Journal of Business and Economic Statistics:
Poorly Measured Confounders are More Useful on the Left than on the Right

Researchers frequently test identifying assumptions in regression based research designs (which include e.g. instrumental variables or differences-in-differences models) by adding additional control variables on the righ...Read more...

Zhuan Pei, Jörn-Steffen Pischke and Hannes Schwandt

3 April 2019

Journal article
SSM - Population Health:
Crime victimisation over time and sleep quality

We here consider the relationship between the individual time profile of crime victimisation and sleep quality. Sleep quality worsens with contemporaneous crime victimisation, with physical violence having a larger effec...Read more...

Andrew E. Clark, Conchita D'Ambrosio and Rong Zhu

1 April 2019

Journal article
Journal of Political Economy:
Production networks, geography, and firm performance

This paper examines the importance of buyer-supplier relationships for firm performance. We develop a model in which firms outsource tasks and search for suppliers. Lower search and outsourcing costs lead firms to search...Read more...

Andrew B. Bernard, Andreas Moxnes and Yukiko U. Saito

1 April 2019

Journal article
Journal of Urban Economics:
New road infrastructure: The effects on firms

This paper estimates the impact of new road infrastructure on employment and labour productivity using firm level longitudinal data for Britain. Exposure to transport improvements is measured through changes in accessibi...Read more...

Stephen Gibbons, Teemu Lyytikäinen, Henry G. Overman and Rosa Sanchis-Guarner

1 March 2019

Journal article
Review of Economic Studies:
Carry-along trade

Large multi-product firms dominate international trade flows. This paper documents new facts about multi-product manufacturing exporters that are not easily reconciled with existing multi-product models. Using novel link...Read more...

Andrew B. Bernard, Emily Blanchard, Ilke Van Beveren and Hylke Vandenbussche

1 March 2019

Journal article
Journal of Urban Economics:
Why does birthplace matter so much?

We consider the link between birthplace and wages. Using a unique panel dataset, we estimate a raw elasticity of wages with respect to birthplace size of 4.2%, two thirds of the 6.8% raw elasticity with respect to city s...Read more...

Clément Bosquet and Henry G. Overman

1 March 2019

Journal article
Journal of Comparative Economics:
How history matters for student performance. lessons from the Partitions of Poland

This paper examines the effect on current student performance of the 19th century Partitions of Poland among Austria, Prussia and Russia. Using a regression discontinuity design, I show that student test scores are 0.6 s...Read more...

Pawel Bukowski

1 March 2019

Journal article
Journal of Economic Geography:
Spatial Imaginaries and Tech Cities: Place-branding East London's digital economy

We explore place branding as an economic development strategy for technology clusters, using London’s ‘Tech City’ initiative as a case study. We site place branding in a larger family of policies that develop spatial ima...Read more...

Max Nathan, Emma Vandore and Georgina Voss

1 March 2019

Journal article
International Journal of Industrial Organization:
Flex cars and competition in fuel retail markets

We study how the diffusion of flex (bi-fuel) cars affected competition on ethanol and gasoline retail markets. We propose a model of price competition in which the two fuels become closer substitutes as flex cars penetra...Read more...

Juliano Assuncao, Joao Paulo Pessoa and Leonardo Rezende

1 March 2019

Journal article
Journal of Economic Geography:
The preservation of historic districts - Is it worth it?

Read more...

Sevrin Waights

1 March 2019

Journal article
Journal of Economic Behavior and Organization:
The economic functioning of online drugs markets

The economic functioning of online drug markets using data scraped from online platforms is studied. Analysis of over 1.5 million online drugs sales shows online drugs markets tend to function without the significant mor...Read more...

V. Bhaskar, Robin Linacre and Stephen Machin

1 March 2019

Journal article
Economics of Education Review:
The Economic Impact of Universities: Evidence from Across the Globe

We develop a new dataset using UNESCO source materials on the location of nearly 15,000 universities in about 1,500 regions across 78 countries, some dating back to the 11th Century. We estimate fixed effects models at t...Read more...

Anna Valero and John Van Reenen

1 February 2019

Journal article
The Quarterly Journal of Economics:
The price ain't right? hospital prices and health spending on the privately insured

We use insurance claims data covering 28% of individuals with employersponsored health insurance in the United States to study the variation in health spending on the privately insured, examine the structure of insurer-h...Read more...

Zack Cooper, Stuart Craig, Martin Gaynor and John Van Reenen

1 February 2019

Journal article
Journal of the European Economic Association:
(Mis-)predicted subjective well-being following life events

The correct prediction of how alternative states of the world affect our lives is a cornerstone of economics. We study how accurate people are in predicting their future well-being after facing major life events. Based o...Read more...

Reto Odermatt and Alios Stutzer

1 February 2019

Journal article
The Quarterly Journal of Economics:
Firming up inequality

We use a massive,matched employer-employee database for the United States to analyze the contribution of firms to the rise in earnings inequality from 1978 to 2013. We find that one-third of the rise in the variance of (...Read more...

Nicholas Bloom, Fatih Guvenen, David J. Price, Jae Song and Till von Wachter

1 February 2019

Journal article
Journal of Political Economy:
Monopolistic competition and optimum product diversity under firm heterogeneity

Empirical work has drawn attention to the high degree of productivity differences within industries and their role in resource allocation. This paper examines the allocational efficiency of such markets. Productivity dif...Read more...

Swati Dhingra and John Morrow

1 February 2019

Journal article
Health Affairs:
Hospital prices grew substantially faster than physician prices for hospital-based care in 2007-14

Evidence suggests that growth in providers' prices drives growth in health care spending on the privately insured. However, existing work has not systematically differentiated between the growth rate of hospital prices a...Read more...

Zack Cooper, Stuart Craig, Martin Gaynor, Nir J. Harish, Harlan M. Krumholz and John Van Reenen

1 February 2019

Journal article
Health Affairs:
Variation in health spending growth for the privately insured from 2007 to 2014

We examined the growth in health spending on people with employer-sponsored private insurance in the period 2007-14. Our analysis relied on information from the Health Care Cost Institute data set, which includes insuran...Read more...

Zack Cooper, Stuart Craig, Martin Gaynor, Charles Gray and John Van Reenen

1 February 2019

Journal article
Quantitative Economics:
Incidence, salience, and spillovers: the direct and indirect effects of tax credits on wages

Tax credits are a popular way to alleviate in-work poverty. A common empirical assumption is that the benefit of the tax credit is borne solely by the claimant workers. However, economic theory suggests no particular rea...Read more...

Ghazala Azmat

1 February 2019

Journal article
American Economic Review:
Some causal effects of an industrial policy

We exploit changes in the area-specific eligibility criteria for a program to support jobs through investment subsidies. European rules determine whether an area is eligible for subsidies, and we construct instrumental v...Read more...

Chiara Criscuolo, Ralf Martin, Henry G. Overman and John Van Reenen

1 January 2019

Journal article
Economic Policy:
Global crises and populism: The role of Eurozone institutions

Populist parties are likely to gain consensus when mainstream parties and status quo institutions fail to manage the shocks faced by their economies. Institutional constraints, which limit the possible actions in the fac...Read more...

Luigi Guiso, Helios Herrera, Massimo Morelli and Tommaso Sonno

1 January 2019

Journal article
IZA World of Labor:
Intergenerational income persistence

A strong association between incomes across generations—with children from poor families likely to be poor as adults—is frequently considered an indicator of insufficient equality of opportunity. Studies of such “interge...Read more...

Jo Blanden

1 January 2019

Journal article
Journal of International Economics:
The interconnections between services and goods trade at the firm-level

In this paper we study how international trade in goods and services interact at the firm level. Using a rich dataset on Belgian firms for the period 1995–2005, we show that: i) firms are much more likely to source servi...Read more...

Andrea Ariu, Holger Breinlich, Gregory Corcos and Giordano Mion

1 January 2019

Journal article
Economisks Debatt:
Subjective and physiological measures of well-being: an exploratory analysis using birth-cohort data

We use a rich longitudinal data set following a cohort of Swedish women from age 10 to 49 to analyse the effects of birth and early-life conditions on adulthood outcomes. These latter include both well-being and the stre...Read more...

Daniela Andren, Andrew E. Clark, Conchita D'Ambrosio, Sune Karlsson and Niklas Pettersson

1 January 2019

Journal article
European Journal of Political Economy:
Who voted for Brexit? Individual and regional data combined

Previous analyses of the 2016 Brexit referendum used region-level data or small samples based on polling data. The former might be subject to ecological fallacy and the latter might suffer from small-sample bias. We use ...Read more...

Eleonora Alabrese, Sascha O. Becker, Thiemo Fetzer and Dennis Novy

1 January 2019

Journal article
Travail et Emploi:
Polarization(s) in Labour Markets: Synthesis and Perspectives

Polarization is now well established and documented. The increase in the share of high-wage and low-wage jobs at the expense of "intermediate" jobs has led to a polarization of jobs in the US (Autor, 2010; Autor, Dorn, 2...Read more...

Alan Manning

1 January 2019

Journal article
Regional Science and Urban Economics:
The bedroom tax

Housing subsidies for low income households are a central pillar of many welfare systems, but an expensive one. This paper investigates the consequences of an unusual policy aimed at reducing the cost of these subsidies ...Read more...

Stephen Gibbons, Olmo Silva and Maria Sánchez-Vidal

15 December 2018

Journal article
The Lancet:
Transparency about the outcomes of mental health services (IAPT approach): an analysis of public data

Background: Internationally, the clinical outcomes of routine mental health services are rarely recorded or reported; however, an exception is the English Improving Access to Psychological Therapies (IAPT) service, which...Read more...

Lauren Canvin, David M. Clark, John Green, Magdalena Janecka, Richard Layard and Stephen Pilling

7 December 2018

Journal article
Journal of Housing Economics:
Housing in Europe: A different continent – A continent of differences

This article provides the introduction to the special issue on ‘Housing in Europe: a different continent – a continent of differences’ in the Journal of Housing Economics in 2018. Europe is a large continent with a long ...Read more...

Paul Cheshire and Christian A. L. Hilber

1 December 2018

Journal article
Review of Economics and Statistics:
Tall buildings and land values: Height and construction cost elasticities in Chicago, 1870-2010

Despite unprecedented vertical growth in large cities, the economics of skyscrapers remain understudied. We combine data on tall buildings with a panel of land prices covering 140 years to analyze the determinants of urb...Read more...

Gabriel M. Ahlfeldt and Daniel P. McMillen

1 December 2018

Journal article
Fiscal Studies:
Off EU Go? Brexit, the UK Labour Market and Immigration

Immigration remains a highly antagonistic issue and its purported effects in the labour market are still contestable. Against this background, the UK looks set to undertake a large overhaul of its immigration policy foll...Read more...

Jonathan Wadsworth

1 December 2018

Journal article
Journal of Housing Economics:
Institutional settings and urban sprawl: Evidence from Europe

This article explores the role of institutional settings in determining spatial variation in urban sprawl across Europe. We first synthesize the emerging literature that links land use policies and local fiscal incentive...Read more...

Maximilian v. Ehrlich, Christian A. L. Hilber and Olivier Schoni

1 December 2018

Journal article
Economics of Education Review:
The threat of competition and public school performance: Evidence from Poland

Theoretical literature on whether school competition raises public school productivity is ambiguous (e.g. MacLeod & Urquiola, 2015) and empirical evidence is mixed (e.g. Hsieh and Urquiola, 2006). Moreover, competition m...Read more...

Pawel Bukowski and Martyna Kobus

1 December 2018

Journal article
Journal of Health Economics:
Convenient primary care and emergency hospital utilisation

Participation and utilisation decisions lie at the heart of many public policy questions. I contribute new evidence by using hospital records to examine how access to primary care services affects utilisation of hospital...Read more...

Edward W. Pinchbeck

1 December 2018

Journal article
Review of Economics and Statistics:
Robots at work

We analyze for the first time the economic contributions of modern industrial robots, which are flexible, versatile, and autonomous machines. We use novel panel data on robot adoption within industries in seventeen count...Read more...

Georg Graetz and Guy Michaels

1 December 2018

Journal article
Journal of the European Economic Association:
The impact of trade agreements on consumerwelfare-evidence from the EU common external trade policy

This paper estimates the consumer welfare impact of the new generation of trade agreements implemented by the European Union between 1993 and 2013. We decompose the overall effect into contributions of changes in prices,...Read more...

Giuseppe Berlingieri, Holger Breinlich and Swati Dhingra

1 December 2018

Journal article
Fiscal Studies:
The Economic Effects of Brexit: Evidence from the Stock Market

We study stock market reactions to the Brexit referendum on 23 June 2016 in order to assess investors� expectations about the effects of leaving theEuropean Union on the UK economy. Our results suggest that initial sto...Read more...

Holger Breinlich, Elsa Leromain, Dennis Novy, Thomas Sampson and Ahmed Usman

1 December 2018

Journal article
Review of International Economics:
Globalization and urban polarization

External trade affects the internal spatial structure of an economy, promoting growth in some cities or regions and decline in others. Internal adjustment to these changes has often proved to be extremely slow and painfu...Read more...

Anthony J. Venables

5 November 2018

Journal article
American Economic Journal: Economic Policy:
From selling goods to selling services: Firm responses to trade liberalization

In this paper, we focus on a new channel of adaptation to trade liberalization , namely the shift toward increased provision of services in lieu of goods production. We exploit variation in European Union trade policy to...Read more...

Holger Breinlich, Anson Soderbery and Greg C. Wright

1 November 2018

Journal article
Quarterly Journal of Economics:
Religious competition and reallocation: The political economy of secularization in the protestant reformation

Using novel microdata, we document an important, unintended consequence ofthe Protestant Reformation: a reallocation ofresources from religious to secular purposes. To understand this process, we propose a conceptual fra...Read more...

Davide Cantoni, Jeremiah Dittmar and Noam Yuchtman

1 November 2018

Journal article
Urban Studies:
Does the law of one price hold for hedonic prices?

Hedonic prices of locational attributes in urban land markets are determined by a process of spatial arbitrage that is similar to that which underpins the law of one price. If hedonic prices deviate from their spatial eq...Read more...

Sevrin Waights

1 November 2018

Journal article
Economics Letters:
The regional effects of Germany's national minimum wage

We show that the minimum wage introduced in Germany in 2015 led to spatial wage convergence, in particular in the left tail of the distribution, without reducing relative employment in low-wage regions within the first t...Read more...

Gabriel M. Ahlfeldt and Duncan Roth

1 November 2018

Journal article
Journal of the European Economic Association:
Firm dynamics and residual inequality in open economies

Wage inequality between similar workers has been on the rise in many rich countries. Recent empirical research suggests that heterogeneity in firm characteristics is crucial to understand wage dispersion. Lower trade cos...Read more...

Gabriel Felbermayr, Giammario Impullitti and Julien Prat

1 October 2018

Journal article
Economica:
Leveraging Monopoly Power by Degrading Interoperability: Theory and Evidence from Computer Markets

When will a monopolist have incentives to leverage her/his market power in a primary market to foreclose competition in a complementary market by degrading compatibility/interoperability of her/his products with those of...Read more...

Christos Genakos, Kai Uwe Kühn and John Van Reenen

1 October 2018

Journal article
Economic Policy:
The productivity puzzle and misallocation: an Italian perspective

Productivity has recently slowed down in many economies around the world. A crucial challenge in understanding what lies behind this 'productivity puzzle' is the still short time span for which data can be analysed. An e...Read more...

Sara Calligaris, Massimo Del Gatto, Fadi Hassan, Gianmarco I. P. Ottaviano and Fabiano Schivardi

1 October 2018

Journal article
Journal of the European Economic Association:
War, migration and the origins of the Thai sex industry

This paper analyzes the determinants behind the spatial distribution of the sex industry in Thailand. We relate the development of the sex industry to an early temporary demand shock, that is, US military presence during...Read more...

Abel Brodeur, Warn N. Lekfuangfu and Yanos Zylberberg

1 October 2018

Journal article
Journal of the European Economic Association:
Does additional spending help urban schools? An evaluation using boundary discontinuities

This study exploits spatial anomalies in school funding policy in England to provide new evidence on the impact of resources on student achievement in urban areas. Anomalies arise because the funding allocated to Local E...Read more...

Stephen Gibbons, Sandra McNally and Martina Viarengo

1 October 2018

Journal article
Journal of Public Economics:
Does competition from private surgical centres improve public hospitals’ performance? Evidence from the English National Health Service

This paper examines the impact of a government programme which facilitated the entry of for-profit surgical centres to compete against incumbent National Health Service hospitals in England. We examine the impact of comp...Read more...

Zack Cooper, Stephen Gibbons and Matthew Skellern

1 October 2018

Journal article
Journal of Community Genetics:
Chromosomal disorders: estimating baseline birth prevalence and pregnancy outcomes worldwide

Chromosomal disorders, of which Down syndrome is the most common, can cause multi-domain disability. In addition, compared to the general population, there is a higher frequency of death before the age of five. In many s...Read more...

Hannah Blencowe, Matthew W Darlison, Stephen Gibbons, Joy E. Lawn, Pierpaolo Mastroiacovo, Bernadette Modell, Sowmiya Moorthie and Joan K. Morris

1 October 2018

Journal article
Journal of International Economics:
Market Potential and Global Growth over the Long Twentieth Century

We examine the evolution of market potential and its role in driving economic growth over the long twentieth century. Theoretically, we exploit a structural gravity model to derive a closed-form solution for a widely-use...Read more...

David S. Jacks and Dennis Novy

1 September 2018

Journal article
The Economic Journal:
Location, Search Costs and Youth Unemployment: Experimental Evidence from Transport Subsidies

Do high search costs affect the labour market outcomes of jobseekers living far away from jobs? I randomly assign transport subsidies to unemployed youth in urban Ethiopia. Treated respondents increase job search intensi...Read more...

Simon Franklin

1 September 2018

Journal article
Annual Review of Economics:
The Development of the African System of Cities

Sub-Saharan Africa has experienced high urban population growth over the past half century, dramatically reshaping the economic and spatial profile of the region. Simultaneously, this process has challenged the conventio...Read more...

J. Vernon Henderson and Sebastian Kriticos

2 August 2018

Journal article
Annual Review of Economics:
Networks and Trade

Trade occurs between firms both across borders and within countries, and most trade transactions include at least one large firm with many trading partners. This article reviews the literature on firm-to-firm connections...Read more...

Andrew B. Bernard and Andreas Moxnes

2 August 2018

Journal article
Small Business Economics:
Entrepreneurship, institutional economics, and economic growth: an ecosystem perspective

We analyze conceptually and in an empirical counterpart the relationship between economic growth, factor inputs, institutions, and entrepreneurship. In particular, we investigate whether entrepreneurship and institutions...Read more...

Zoltan J. Acs, Saul Estrin, Tomasz Mickiewicz and Laszlo Szerb

1 August 2018

Journal article
ILR Review:
The Impact of Acquiring Unrestricted Work Authorization on Romanian and Bulgarian Migrants in the United Kingdom

When Romania and Bulgaria (the so-called A2 countries) joined the European Union in 2007, the United Kingdom imposed temporary restrictions on the employment and welfare entitlements of A2 citizens that lasted until Janu...Read more...

Martin Ruhs and Jonathan Wadsworth

1 August 2018

Journal article
The Economic Journal:
The Time Value of Housing: Historical Evidence on Discount Rates

Most London housing transactions involve trading long leases of varying lengths. We exploit this to estimate the time value of housing – the relationship between the price of a property and the term of ownership – over a...Read more...

Philippe Bracke, Edward W. Pinchbeck and James Wyatt

1 August 2018

Journal article
Industrial and Corporate Change:
A cross-country analysis of start-up employment dynamics

This article carries out a detailed descriptive analysis of employment dynamics of new firms, using comparable and highly representative data for 19 countries. It does so by using a novel analytical decomposition of the ...Read more...

Flavio Calvino, Chiara Criscuolo and Carlo Menon

1 August 2018

Journal article
National Institute Economic Review:
Broken Market or Broken Policy? The Unintended Consequences of Restrictive Planning

This paper summarises the evidence from recent research relating to the British Planning system's impact on the supply of development. Planning serves important economic and social purposes but it is essential to disting...Read more...

Paul Cheshire

1 August 2018

Journal article
Social Science and Medicine:
Life satisfaction, QALYs, and the monetary value of health

The monetary value of a quality-adjusted life-year (QALY) is frequently used to assess the benefits of health interventions and inform funding decisions. However, there is little consensus on methods for the estimation o...Read more...

Li Huang, Paul Frijters, Kim Dalziel and Philip Clarke

1 August 2018

Journal article
Small Business Economics:
The evolution and adoption of equity crowdfunding: entrepreneur and investor entry into a new market

Equity crowdfunding (ECF) offers entrepreneurs an online social media marketplace where they can access numerous potential investors who, in exchange for an ownership stake, may supply them with finance. In this paper, w...Read more...

Saul Estrin, Daniel Gozman and Susanna Khavul

1 August 2018

Journal article
International Economics:
Relaxing credit constraints in emerging economies: The impact of public loans on the productivity of Brazilian manufacturers

In emerging economies credit constraints are often perceived as one of the most important market frictions hampering firm productivity growth in manufacturing. Huge amount of public money is devoted to the removal of suc...Read more...

Filipe Lage de Sousa and Gianmarco I. P. Ottaviano

1 August 2018

Journal article
American Economic Review:
From final goods to inputs: The protectionist effect of rules of origin

Recent decades have witnessed a surge of trade in intermediate goods and a proliferation of free trade agreements (FTAs). FTAs use rules of origin (RoO) to distinguish goods originating from member countries from those o...Read more...

Paola Conconi, Manuel García-Santana, Laura Puccio and Roberto Venturini

1 August 2018

Journal article
European Journal of Population:
Happy People Have Children: Choice and Self-Selection into Parenthood

There is mixed evidence in the existing literature on whether children are associated with greater subjective well-being, with the correlation depending on which countries and populations are considered. We here provide ...Read more...

Sophie Cetre, Andrew E. Clark and Claudia Senik

1 August 2018

Journal article
Journal of Economic Geography:
Intended versus unintended consequences of migration restriction policies: Evidence from a natural experiment in Indonesia

This article studies the consequences of restrictions to migration at the origin on labor market outcomes and school enrolment in origin communities. Our difference-indifferences specification exploits the differential i...Read more...

Mattia Makovec, Ririn S. Purnamasari, Matteo Sandi and Astrid R. Savitri

1 July 2018

Journal article
American Economic Review:
The persistence of local joblessness

Differences in employment-population ratios across US commuting zones have persisted for many decades. We claim these disparities represent real gaps in economic opportunity for individuals of fixed characteristics. Thes...Read more...

Michael Amior and Alan Manning

1 July 2018

Journal article
Economica:
Wage Flexibility and Employment Fluctuations: Evidence from the Housing Sector

Many economists suspect that downward nominal wage rigidities in ongoing labour contracts are an important source of employment fluctuations over the business cycle, but there is little direct empirical evidence on this ...Read more...

Jörn-Steffen Pischke

1 July 2018

Journal article
Review of Economics and Statistics:
Two-sided heterogeneity and trade

This paper develops a multicountry model of international trade that provides a simple microfoundation for buyer-seller relationships in trade. We explore a rich data set that identifies buyers and sellers in trade and e...Read more...

Andrew B. Bernard, Andreas Moxnes and Karen Helene Ulltveit-Moe

1 July 2018

Journal article
Review of Economics and Statistics:
Crime scars: recessions and the making of career criminals

Recessions lead to short-term job loss, lower levels of happiness and decreasing income levels. There is growing evidence that workers who first join the labour market during economic downturns suffer from poor job match...Read more...

Brian Bell, Anna Bindler and Stephen Machin

1 July 2018

Journal article
Journal of Economic History:
A Dissection of Trading Capital: Trade in the Aftermath of the Fall of the Iron Curtain

We study trade in Europe after the fall of the Iron Curtain, and show that the countries of the former Austro-Hungarian monarchy trade significantly more with one another after 1989 than predicted by a standard gravity m...Read more...

Matthias Beestermöller and Ferdinand Rauch

29 June 2018

Journal article
Renewal: a journal of social democracy:
The Everyday Economy and the next economic settlement

Review of Rachel Reeves, The Everyday Economy, 2018, https://www.scribd.com/document/374425087/Rachel-Reeves-TheEveryday-Economy...Read more...

Dan Chandler

15 June 2018

Journal article
CESifo Economic Studies:
Take me to the Centre of your Town! Using micro-geographical data to identify Town Centres

© The Author(s) 2018. Published by Oxford University Press on behalf of Ifo Institute, Munich. All rights reserved. We often talk about 'Town Centres' (TCs), but defining their location and extent is surprisingly difficu...Read more...

Paul Cheshire, Christian A. L. Hilber, Piero Montebruno and Rosa Sanchis-Guarner

1 June 2018

Journal article
Journal of the European Economic Association:
The limits of political compromise: Debt ceilings and political turnover

We study the desirability of limits on the public debt and of political turnover in an economy where incumbents have an incentive to set public expenditures above the socially optimal level due to rent-seeking motives. P...Read more...

Alexandre B. Cunha and Emanuel Ornelas

1 June 2018

Journal article
Journal of Economic Literature:
Global firms

Research in international trade has changed dramatically over the last twenty years, as attention has shifted from countries and industries towards the firms actually engaged in international trade. The now-standard hete...Read more...

Andrew B. Bernard, J. Bradford Jensen, Stephen J. Redding and Peter K. Schott

1 June 2018

Journal article
CESifo Economic Studies:
Weights to address non-parallel trends in panel difference-in-differences models

Causal inference using the difference-in-differences (DD) method relies on the untestable assumption of parallel counterfactual trends across units that are assigned to different treatments. To facilitate the application...Read more...

Gabriel M. Ahlfeldt

1 June 2018

Journal article
The Journal of Industrial Economics:
The Impact of Maximum Markup Regulation on Prices

Markup regulation is a common, yet understudied type of regulation. We analyze the repeal of maximum wholesale and retail markup regulation in an oligopolistic and vertically nonintegrated market. By comparing the prices...Read more...

Christos Genakos, Pantelis Koutroumpis and Mario Pagliero

1 June 2018

Journal article
Labour Economics:
Larrikin youth: Crime and Queensland's Earning or Learning reform

This paper analyses the impact of the introduction of an Earning or Learning reform on youth crime in Queensland, Australia. The 2006 reform increased learning and reduced earning as school participation rose post-reform...Read more...

Tony Beatton, Michael P. Kidd, Stephen Machin and Dipa Sarkar

1 June 2018

Journal article
IZA World of Labor:
Do social interactions in the classroom improve academic attainment?

The role of social interactions in modifying individual behavior is central to many fields of social science. In education, one essential aspect is that “good” peers can potentially improve students’ academic achievement...Read more...

Shqiponja Telhaj

1 June 2018

Journal article
Region:
Urbanisation in developing economies: Building cities that work

This paper reviews recent work on the economics of fast growing developing country cities, with a focus on Africa. It sets out some of the broad facts about African urbanisation and summarises two recent pieces of resear...Read more...

Anthony J. Venables

11 May 2018

Journal article
Journal of International Economics:
The buyer margins of firms’ exports

We use detailed data on exporters from Costa Rica, Ecuador and Uruguay as well as on their buyers to show that: aggregate exports are disproportionally driven by few multi-buyers exporters; and each multi-buyer exporter'...Read more...

Jerónimo Carballo, Gianmarco I. P. Ottaviano and Christian Volpe Martincus

1 May 2018

Journal article
American Economic Journal: Economic Policy:
Changing how literacy is taught: evidence on synthetic phonics

A significant number of people have very low levels of literacy in many OECD countries. This paper studies a national change in policy and practice in England that refocused the teaching of reading around "synthetic phon...Read more...

Stephen Machin, Sandra McNally and Martina Viarengo

1 May 2018

Journal article
American Economic Journal: Economic Policy:
A Macroeconomic Approach to Optimal Unemployment Insurance: Applications

In the United States, unemployment insurance (UI) is more generous when unemployment is high. This paper examines whether this policy is desirable. The optimal UI replacement rate is the Baily-Chetty replacement rate plu...Read more...

Camille Landais, Pascal Michaillat and Emmanuel Saez

1 May 2018

Journal article
AEA Papers and Proceedings:
A Dialogue between a Populist and an Economist

In this imaginary dialogue, a populist and an economist discuss the role of economic shocks to explain populism. A simple correlation between economic shocks and populism is weak. However, economic shocks can explain wel...Read more...

Tito Boeri, Prachi Mishra, Chris Papageorgiou and Antonio Spilimbergo

1 May 2018

Journal article
Journal of Economic Geography:
Who gets the urban surplus?

High productivity in cities creates an economic surplus relative to other areas. How is this divided between workers and landowners? Simple models with homogenous labour suggest that it accrues largely-or entirely-in the...Read more...

Paul Collier and Anthony J. Venables

1 May 2018

Journal article
AEA Papers and Proceedings:
Gender Norms and Relative Working Hours: Why Do Women Suffer More Than Men from Working Longer Hours Than Their Partners?

Constraints that prevent women from working longer hours are argued to be important drivers of the gender wage gap in the United States. We provide evidence that in couples where the wife's working hours exceed the husba...Read more...

Sarah Flèche, Anthony Lepinteur and Nattavudh Powdthavee

1 May 2018

Journal article
The Review of Economics and Statistics:
The asymmetric experience of positive and negative economic growth: Global evidence using subjective well-being data

Are individuals more sensitive to losses than gains in terms of economic growth?We find that measures of subjective well-being are more than twice as sensitive to negative as compared to positive economic growth. We use ...Read more...

Femke De Keulenaer, Jan-Emmanuel De Neve, Georgios Kavetsos, Michael I. Norton, Bert Van Landeghem and George Ward

1 May 2018

Journal article
The Review of Financial Studies:
Managing the family firm: Evidence from CEOs at work

We build a comparable and bottom-up measure of CEO labor supply for 1,114 CEOs and investigate whether family and professional CEOs differ along this dimension. Family CEOs work 9% fewer hours relative to professional CE...Read more...

Oriana Bandiera, Renata Lemos, Andrea Prat and Raffaella Sadun

1 May 2018

Journal article
Quarterly Journal of Economics:
Transparency and deliberation within the FOMC: A computational linguistics approach

How does transparency, a key feature of central bank design, affect monetary policy makers' deliberations? Theory predicts a positive discipline effect and negative conformity effect. We empirically explore these effects...Read more...

Stephen Hansen, Michael McMahon and Andrea Prat

1 May 2018

Journal article
American Economic Journal: Economic Policy:
A macroeconomic approach to optimal unemployment insurance: Theory

This paper develops a theory of optimal unemployment insurance (UI) in matching models. The optimal UI replacement rate is the conventional Baily-Chetty replacement rate, which solves the tradeoff between insurance and j...Read more...

Camille Landais, Pascal Michaillat and Emmanuel Saez

1 May 2018

Journal article
Economic Journal:
Nation-building through compulsory schooling during the age of mass migration

Why did America introduce compulsory schooling laws at a time when financial investments in education and voluntary school attendance were high? We provide qualitative and quantitative evidence that states adopted compul...Read more...

Oriana Bandiera, Myra Mohnen, Imran Rasul and Martina Viarengo

20 April 2018

Journal article
Social science & medicine:
Ownership and hospital behaviour: Employment and local unemployment

In this paper, we address two issues: i) how hospital employment changes with local unemployment, according to the type of hospital ownership, and ii) whether this relationship changed after the implementation of a pro-c...Read more...

Andrew E. Clark and Carine Milcent

1 April 2018

Journal article
Journal of Economic Dynamics and Control:
Growth volatility and size: A firm-level study

This paper provides a systematic cross-country investigation of the relation between a firm's growth volatility and its size. For the first time the analysis is carried out using comparable and representative sets of dat...Read more...

Flavio Calvino, Chiara Criscuolo, Carlo Menon and Angelo Secchi

1 April 2018

Journal article
Labour Economics:
Unfairness at work: Well-being and quits

We here consider the effect of the level of income that individuals consider to be fair for the job they do, which we take as measure of comparison income, on both subjective well-being and objective future job quitting....Read more...

Marta Barazzetta, Andrew E. Clark and Conchita D'Ambrosio

1 April 2018

Journal article
Review of Income and Wealth:
Four decades of the economics of happiness: Where next?

There has been explosive growth in the analysis of subjective well-being in Economics over the past 40 years. This article reviews some of this growth, and suggests a number of domains in which future research may procee...Read more...

Andrew E. Clark

1 April 2018

Journal article
The Review of Economic Studies:
The effect of police response time on crime clearance rates

Police agencies devote vast resources to minimizing the time that it takes them to attend the scene of a crime. Despite this, the long-standing consensus is that police response time has no meaningful effect on the likel...Read more...

Jordi Blanes i Vidal and Tom Kirchmaier

1 April 2018

Journal article
Journal of Consumer Psychology:
The Power of Voice in Stimulating Morality: Eliciting Taxpayer Preferences Increases Tax Compliance

Decisions about paying taxes represent one of the most common moral quandaries faced by citizens. In the present research, we argue that taxpayer compliance can be raised by increasing "voice": allowing taxpayers to expr...Read more...

Jan-Emmanuel De Neve, Cait Lamberton and Michael I. Norton

1 April 2018

Journal article
Scandinavian Journal of Economics:
Gender and Promotions: Evidence from Academic Economists in France

Differences in promotion across genders are still prevalent in many occupations. Recent work based on experimental evidence indicates that women participate less in or exert lower effort during contests. We exploit the u...Read more...

Clément Bosquet, Pierre-Philippe Combes and Cecila Garcia-Peñalosa

12 March 2018

Journal article
Journal of Epidemiology and Community Health:
Social tenants' health: Evaluating the effectiveness of landlord interventions

Background: The National Health Service (NHS) scores well internationally on access to healthcare. But access has been measured on methods likely to undersample the more disadvantaged. Social landlords have access to mor...Read more...

Paul Cheshire, Stephen Gibbons and Jemma Mouland

8 March 2018

Journal article
Journal of International Economics:
Immigration, trade and productivity in services: Evidence from U.K. firms

This paper explores the impact of immigrants on the imports, exports and productivity of service-producing firms in the U.K. Immigrants may substitute for imported intermediate inputs (offshore production) and they may i...Read more...

Gianmarco I. P. Ottaviano, Giovanni Peri and Greg C. Wright

6 March 2018

Journal article
American Economic Review:
Real effects of information frictions: When the states and the Kingdom Became United

How do information frictions distort international trade? This paper exploits a unique historical experiment to estimate the magnitude of these distortions: the establishment of the transatlantic telegraph connection in ...Read more...

Claudia Steinwender

1 March 2018

Journal article
Journal of Industrial Economics:
Firm Productivity Differences From Factor Markets

We model firm adaptation to local factor markets in which firms care about both the price and availability of inputs. The model is estimated by combining firm and population census data, and quantifies the role of factor...Read more...

Wenya Cheng and John Morrow

1 March 2018

Journal article
Regional Science and Urban Economics:
You've come a long way, baby. Husbandsďż˝ commuting time and family labour supply

This paper explores the effects of husbands’ commuting time on wives’ employment and family time allocation. We develop a unitary family model, and we show that when market services are imperfect substitutes of home prod...Read more...

Francesca Carta and Marta De Philippis

1 March 2018

Journal article
Journal of International Economics:
Working across time zones: Exporters and the gender wage gap

This study argues that there is a systematic difference in the gender wage gap (GWG) between exporting firms and non-exporters. Exporters may require greater commitment from their employees, such as working particular ho...Read more...

Esther Ann Bøler, Beata Javorcik and Karen Helene Ulltveit-Moe

1 March 2018

Journal article
Fiscal Studies:
Academies 2 - the new batch: the changing nature of academy schools in England

The English education system has undergone large-scale restructuring through the introduction of academy schools. The most salient feature of these schools is that, despite remaining part of the state sector, they operat...Read more...

Andrew Eyles, Stephen Machin and Olmo Silva

1 March 2018

Journal article
AEA Papers and Proceedings:
The Productivity-Wage Premium: Does Size Still Matter in a Service Economy?

The literature has established two robust stylized facts: (i) the existence of a firm size-wage premium and (ii) a positive relationship between firm size and productivity. However, the existing evidence is mainly based ...Read more...

Giuseppe Berlingieri, Sara Calligaris and Chiara Criscuolo

1 March 2018

Journal article
Journal of World Business:
Emerging Economy MNEs: How does home country munificence matter?

Multinational Enterprises (MNEs) from emerging economies (EEs) are establishing operations in advanced economies (AEs), apparently departing from traditional models of internationalization. We explore an under-explored d...Read more...

Saul Estrin, Klaus E. Meyer and Adeline Pelletier

1 March 2018

Journal article
Papers in Regional Science:
UK trade and FDI: A post-Brexit perspective

Leaving the EU will reshape the UK's economic relations with the rest of the world. This paper summarizes the findings of recent research studying the UK's role in the global economy, and the consequences of Brexit for U...Read more...

Swati Dhingra, Gianmarco I. P. Ottaviano, Veronica Rappoport, Thomas Sampson and Catherine Thomas

1 March 2018

Journal article
American Economic Review:
Disentangling the effects of a banking crisis: Evidence from German firms and counties

Lending cuts by banks directly affect the firms borrowing from them, but also indirectly depress economic activity in the regions in which they operate. This paper moves beyond firm-level studies by estimating the effect...Read more...

Kilian Huber

1 March 2018

Journal article
Fiscal Studies:
Academies 2 – The New Batch: The Changing Nature of Academy Schools in England

The English education system has undergone large-scale restructuring through the introduction of academy schools. The most salient feature of these schools is that, despite remaining part of the state sector, they operat...Read more...

Andrew Eyles, Stephen Machin and Olmo Silva

1 March 2018

Journal article
Journal of Economic History:
Voting behavior and public employment in Nazi Germany

This article analyzes whether the German National Socialists used economic policies to reward their voters after coming to power in 1933. Using newly-collected data on public employment from the German censuses in 1925, ...Read more...

Stephan E. Maurer

1 March 2018

Journal article
Journal of Economic Geography:
From periphery to core: Measuring agglomeration effects using high-speed rail

We analyze the economic impact of the German high-speed rail (HSR) connecting Cologne and Frankfurt, which provides plausibly exogenous variation in access to surrounding economic mass. We find a causal effect of about 8...Read more...

Gabriel M. Ahlfeldt and Arne Feddersen

1 March 2018

Journal article
Journal of Economic Behavior and Organization:
Identity, non-take-up and welfare conditionality

We study a model in which poor individuals of different types request a service and may suffer from the discrepancy between the service provider's beliefs and their true type. The utility loss resulting from such a discr...Read more...

Claudia Hupkau and François Maniquet

1 March 2018

Journal article
The Economic Journal:
The Distribution of Talent Across Contests

Do the contests with the largest prizes attract the most able contestants? To what extent do contestants avoid competition? We show that the distribution of abilities is crucial in determining contest choice. Complete so...Read more...

Ghazala Azmat and Marc Moller

1 February 2018

Journal article
Economic Journal:
Distinctively Different: A New Approach to Valuing Architectural Amenities

We propose a method to estimate the capitalised value of the architectural design quality of an area. Our economic design premium is identified by spatially differentiating property prices and design quality within neigh...Read more...

Gabriel M. Ahlfeldt and Nancy Holman

1 February 2018

Journal article
Journal of Public Economics:
Empty homes, longer commutes: The unintended consequences of more restrictive local planning

We investigate the impact of land use regulation on housing vacancy rates. Using a 30-year panel dataset on land use regulation for 350 English Local Authorities (LAs) and addressing potential reverse causation and other...Read more...

Paul Cheshire, Christian A. L. Hilber and Hans R. A. Koster

1 February 2018

Journal article
The Economic Journal:
Resetting the Urban Network: 117-2012

Do fixed geographic features such as coastlines and rivers determine town locations, or can historical events trap towns in unfavourable locations for centuries? We examine the effects on town locations of the collapse o...Read more...

Guy Michaels and Ferdinand Rauch

1 February 2018

Journal article
Journal of the Royal Statistical Society. Series A: Statistics in Society:
‘Making it count’: incentives, student effort and performance

The paper examines how incentives to participate in on-line assessments (quizzes) affect students' effort and performance. Our identification strategy exploits within-student weekly variation in incentives to attempt on-...Read more...

Arnaud Chevalier, Peter Dolton and Melanie Lührmann

1 February 2018

Journal article
The Economic Journal:
Locus of Control and its Intergenerational Implications for Early Childhood Skill Formation

This article builds upon Cunha's (2015) subjective rationality model in which parents have a subjective belief about the impact of their investment on their children's early skill formation. We propose that this subjecti...Read more...

Francesca Cornaglia, Warn N. Lekfuangfu, Nattavudh Powdthavee and Nele Warrinnier

1 February 2018

Journal article
Economics of Education Review:
Smart but unhappy: Independent-school competition and the wellbeing-efficiency trade-off in education

We study whether independent-school competition involves a trade-off between pupil wellbeing and academic performance. To test this hypothesis, we analyse data covering pupils across the OECD, exploiting historical Catho...Read more...

Gabriel Heller-Sahlgren

1 February 2018

Journal article
Quarterly Journal of Economics:
The global distribution of economic activity: nature, history, and the role of trade

We explore the role of natural characteristics in determining the worldwide spatial distribution of economic activity, as proxied by lights at night, observed across 240,000 grid cells. A parsimonious set of 24 physical ...Read more...

J. Vernon Henderson, Tim Squires, Adam Storeygard and David Weil

1 February 2018

Journal article
Economic Journal:
Trade, Firm Selection and Innovation: The Competition Channel

We study the welfare gains from trade in an economy with heterogeneous firms, variable markups and endogenous growth. Variable markups arise from oligopolistic competition, and cost-reducing innovation is the engine of l...Read more...

Giammario Impullitti and Omar Licandro

1 February 2018

Journal article
American Journal of Health Economics:
Do you have to win it to fix it?: A longitudinal study of lottery winners and their health-care demand

We exploit lottery wins to investigate the effects of exogenous changes to individuals' income on the utilization of health-care services, and the choice between private and public health care in the United Kingdom. Our ...Read more...

Terence C. Cheng, Joan Costa-Font and Nattavudh Powdthavee

23 January 2018

Journal article
Journal of Labor Economics:
Minimum wages and firm value

How does the value of a firm change in response to a minimum wage hike? The evidence we have to date is not well-suited to answer this question, principally because events that have been studied are not completely unknow...Read more...

Brian Bell and Stephen Machin

1 January 2018

Journal article
Foreign Affairs:
The Truth About the Minimum Wage: Neither Job Killer Nor Cure-All

It has been more than eight years since many of the United States’ cashiers, dishwashers, janitors, lifeguards, baggage handlers, baristas, manicurists, retail employees, housekeepers, construction laborers, home health ...Read more...

Alan Manning

1 January 2018

Journal article
Economic Policy:
Evaluating market consolidation in mobile communications

We study the dual relationship between market structure and prices and between market structure and investment in mobile telecommunications. Using a uniquely constructed panel of mobile operators' prices and accounting i...Read more...

Christos Genakos, Tommaso Valletti and Frank Verboven

1 January 2018

Journal article
Journal of Labor Economics:
Management practices, workforce selection, and productivity

We study the relationship among productivity, management practices, and employee ability using German data combining management practices surveys with employees’ longitudinal earnings records. Including human capital red...Read more...

Stefan Bender, Nicholas Bloom, David Card, John Van Reenen and Stefanie Wolter

1 January 2018

Journal article
Journal of Economic Geography:
Big plant closures and local employment

This paper estimates the impact of large plant closures on the local employment in the affected industry. Specifically, we examine the closure of 45 large manufacturing plants in Spain which relocated abroad between 2001...Read more...

Jordi Jofre-Monseny, Maria Sanchez-Vidal and Elisabet Viladecans-Marsal

1 January 2018

Journal article
Journal of Urban Economics:
Mortgage debt and entrepreneurship

We study the link between mortgage debt and entrepreneurship using a model of occupational choice and housing tenure in a setting where loans are recourse—like in the UK and several US states. Our model shows that as lon...Read more...

Philippe Bracke, Christian A. L. Hilber and Olmo Silva

1 January 2018

Journal article
Renewal: a journal of social democracy:
The disintegrated firm

Chandler reviews The Fissured Workplace by David Weil....Read more...

Dan Chandler

1 January 2018

Journal article
European Journal of Political Economy:
Electoral incentives, term limits, and the sustainability of peace

One of the few stylized facts in international relations is that democracies, unlike autocracies, almost never fight each other. Recent empirical findings show that binding term limits invalidate this result: democratic ...Read more...

Paola Conconi, Nicolas Sahuguet and Maurizio Zanardi

1 January 2018

Journal article
Journal of Economic Perspectives:
The economic consequences of family policies: lessons from a century of legislation in high-income countries

By the early 21st century, most high-income countries have put into effect a host of generous and virtually gender-neutral parental leave policies and family benefits, with the multiple goals of gender equity, higher fer...Read more...

Claudia Olivetti and Barbara Petrongolo

1 December 2017

Journal article
Economics of Education Review:
A question of degree: The effects of degree class on labor market outcomes

How does performance at university affect labor market outcomes? Employing a regression discontinuity design, we show that university degree class causally affects graduates’ industry, wages, and earnings. Our sample c...Read more...

Andy Feng and Georg Graetz

1 December 2017

Journal article
Research in Economics:
Efficiency in large markets with firm heterogeneity

Empirical work has drawn attention to the high degree of productivity differences within industries, and its role in resource allocation. In a benchmark monopolistically competitive economy, productivity differences intr...Read more...

Swati Dhingra and John Morrow

1 December 2017

Journal article
Research in Economics:
Monopolistic competition and optimum product selection: Why and how heterogeneity matters

After some decades of relative oblivion, the interest in the optimality properties of monopolistic competition has recently re-emerged due to the availability of an appropriate and parsimonious framework to deal with fir...Read more...

Antonella Nocco, Gianmarco I. P. Ottaviano and Matteo Salto

1 December 2017

Journal article
The Quarterly Journal of Economics:
The benefits of forced experimentation: Striking evidence from the London underground network

We present evidence that a significant fraction of commuters on the London Underground do not travel on their optimal route. We show that a strike on the Underground, which forced many commuters to experiment with new ro...Read more...

Shaun Larcom, Ferdinand Rauch and Tim Willems

1 November 2017

Journal article
The Quarterly Journal of Economics:
Reference-dependent job search: Evidence from Hungary

We propose a model of job search with reference-dependent preferences, with loss aversion relative to recent income (the reference point). In this model, newly unemployed individuals search hard since consumption is belo...Read more...

Stefano DellaVigna, Attila Lindner, Balazs Reizer and Johannes F. Schmieder

1 November 2017

Journal article
Journal of Regional Science:
A review of volume 5 of the Handbook of Regional and Urban Economics

[No abstract available]...Read more...

Keith Head, Thierry Mayer and Gianmarco I. P. Ottaviano

1 November 2017

Journal article
Journal of Public Economics:
Unexpected school reform: academisation of primary schools in England

The UK change of government in 2010 provoked a large structural change in the English education landscape. Unexpectedly, the new government offered primary schools the chance to have "the freedom and the power to take co...Read more...

Andrew Eyles, Stephen Machin and Sandra McNally

1 November 2017

Journal article
Journal of Public Economics:
Learning about the prospects for mobility: Economic and political dynamics following fundamental policy reform

The political left turn in Latin America, which lagged its transition to liberalized market economies by a decade or more, challenges conventional economic explanations of voting behavior. This paper generalizes the forw...Read more...

Michael Carter and John Morrow

1 November 2017

Journal article
National Institute Economic Review:
Local economic effects of Brexit

This paper studies local economic impacts of the increases in trade barriers associated with Brexit. Predictions of the local impact of Brexit are presented under two different scenarios, soft and hard Brexit, which are ...Read more...

Swati Dhingra, Stephen Machin and Henry G. Overman

31 October 2017

Journal article
American Economic Review:
How Local Are Labor Markets? Evidence from a Spatial Job Search Model

This paper models the optimal search strategies of the unemployed across space to characterize local labor markets. Our methodology allows for linkages between numerous areas, while preserving tractability. We estimate t...Read more...

Alan Manning and Barbara Petrongolo

1 October 2017

Journal article
American Economic Journal: Macroeconomics:
Gender gaps and the rise of the service economy

This paper investigates the role of the rise in services in the narrowing of gender gaps in hours and wages in recent decades. We highlight the between-industry component of differential gender trends for the United Stat...Read more...

L. Rachel Ngai and Barbara Petrongolo

1 October 2017

Journal article
Journal of Political Economy:
Gender gaps in performance: Evidence from young lawyers

This paper documents the gender gap in performance among highskilled professionals in the United States. On the basis of widely used performance measures in law firms, we find that male lawyers bill 10 percent more hours...Read more...

Ghazala Azmat and Rosa Ferrer

1 October 2017

Journal article
Journal of Economic Perspectives:
Brexit: the economics of international disintegration

On June 23, 2016, the United Kingdom held a referendum on its membership in the European Union. Although most of Britain's establishment backed remaining in the European Union, 52 percent of voters disagreed and handed a...Read more...

Thomas Sampson

1 October 2017

Journal article
Labour Economics:
Returning to returns: Revisiting the British education evidence

We revisit the question of what is the rate of return to education in Great Britain. We make two contributions. Firstly, we re-assess the robustness of Harmon and Walker (1995), Oreopoulos (2006) and Devereux and Hart (2...Read more...

Peter Dolton and Matteo Sandi

1 October 2017

Journal article
Journal of Behavioral and Experimental Economics:
When experienced and decision utility concur: The case of income comparisons

While there is now something of a consensus in the economics of happiness literature that income comparisons to others help determine subjective well-being, debate continues over the relative importance of own and refere...Read more...

Andrew E. Clark, Claudia Senik and Katsunori Yamada

1 October 2017

Journal article
Economic Policy:
The costs and benefits of leaving the EU: trade effects

This paper estimates the welfare effects of Brexit in the medium to long run, focusing on trade and fiscal transfers.We use a standard quantitative general equilibrium trade model with many countries and sectors and trad...Read more...

Swati Dhingra, Hanwei Huang, Gianmarco I. P. Ottaviano, Joao Paulo Pessoa, Thomas Sampson and John Van Reenen

1 October 2017

Journal article
Labour Economics:
Top earnings inequality and the gender pay gap: Canada, Sweden, and the United Kingdom

This paper explores the consequences of the under-representation of women in top jobs for the overall gender pay gap. Using administrative annual earnings data from Canada, Sweden, and the United Kingdom, it applies the ...Read more...

Brian Bell, Michael Bohm and P Fortin

1 October 2017

Journal article
Journal of Economic Behavior and Organization:
The back-scratching game

We develop a new experiment to study the emergence of welfare-reducing bilateral alliances within larger groups, and the effectiveness of institutional interventions to curtail ‘back-scratching’. In each of the 25 rounds...Read more...

Paul Frijters, Cameron K. Murray and Melissa Vorster

1 October 2017

Journal article
Economic Policy:
Who voted for Brexit? A comprehensive district-level analysis

On 23 June 2016, the British electorate voted to leave the European Union (EU). We analyse vote and turnout shares across 380 local authority areas in the United Kingdom. We find that exposure to the EU in terms of immig...Read more...

Sascha O. Becker, Thiemo Fetzer and Dennis Novy

1 October 2017

Journal article
The Economic Journal:
Game of Zones: The Political Economy of Conservation Areas

We develop a simple theory of the conservation area designation process in which we postulate that the level of designation is chosen to comply with interests of local homeowners. Conservation areas provide benefits to l...Read more...

Gabriel M. Ahlfeldt, Kristoffer Moeller, Sevrin Waights and Nicolai Wendland

1 October 2017

Journal article
American Economic Review:
Exporter dynamics and partial-year effects

Two identical firms who start exporting in different months, one each in January and December, will report dramatically different exports for the first calendar year. This partial-year effect biases down firstyear export...Read more...

Andrew B. Bernard, Esther Ann Boler, Renzo Massari, Jose-Daniel Reyes and Daria Taglioni

1 October 2017

Journal article
The World Bank Economic Review:
On minimizing the risk of bias in randomized controlled trials in economics

Estimation of empirical relationships is prone to bias. Economists have carefully studied sources of bias in structural and quasi-experimental approaches, but the randomized control trial (RCT) has only begun to receive ...Read more...

Peter Boone, Alex Eble and Diana Elbourne

1 October 2017

Journal article
Oxford Review of Economic Policy:
Life in a slum: Understanding living conditions in Nairobi's slums across time and space

This paper overviews the role of slums in urban Africa, focusing on Nairobi. It reveals the characteristics of slums and how these have changed over time. Spatially disaggregated data show that slum areas are very dense ...Read more...

Julia Bird, Piero Montebruno and Tanner Regan

1 October 2017

Journal article
Journal of Economic Psychology:
Top incomes and human well-being: Evidence from the Gallup World Poll

The share of income held by the top 1 percent in many countries around the world has been rising persistently over the last 30 years. But we continue to know little about the relationship between the rising top income sh...Read more...

Richard V. Burkhauser, Jan-Emmanuel De Neve and Nattavudh Powdthavee

1 October 2017

Journal article
The Economic Journal:
My Precious! The Location and Diffusion of Scientific Research: Evidence from the Synchrotron Diamond Light Source

We analyse the impact of the establishment of the Diamond Light Source synchrotron, a large basic scientific research facility in the UK, on the geographic distribution of related research. To account for the potentially...Read more...

Christian Helmers and Henry G. Overman

1 September 2017

Journal article
The World Economy:
Service Trade and Occupational Tasks: An Empirical Investigation

Using microdata for Belgium, we investigate the relationship between changes in the task content of production and the rise in the number of service exporters. We show that occupational tasks changes display an extremely...Read more...

Andrea Ariu and Giordano Mion

1 September 2017

Journal article
American Economic Review:
Relational knowledge transfers

We study how relational contracts mitigate Becker's classic problem of providing general human capital when training contracts are incomplete. The firm's profit-maximizing agreement is a multiperiod apprenticeship in whi...Read more...

Luis Garicano and Luis Rayo

1 September 2017

Journal article
Scientific Reports:
In search of features that constitute an "enriched environment" in humans: Associations between geographical properties and brain structure

Enriched environments elicit brain plasticity in animals. In humans it is unclear which environment is enriching. Living in a city has been associated with increased amygdala activity in a stress paradigm, and being brou...Read more...

Sandra Duzel, Peter Eibich, Jurgen Gallinat, Jan Goebel, Jens Kolbe, Christian Krekel, Simone Kuhn, Ulman Lindenberger, Johan Martensson, Gert G. Wagner and Henry Wustermann

1 September 2017

Journal article
Journal of Economic Geography:
Paying out and crowding out? The globalization of higher education

Increased globalization of higher education has occurred as more students from across the world now enrol in universities abroad for their post-school education. We study the consequences of having more foreign students ...Read more...

Stephen Machin and Richard Murphy

1 September 2017

Journal article
Journal of Urban Economics:
Transfer taxes and household mobility: Distortion on the housing or labor market?

We estimate the effect of the UK Stamp Duty Land Tax (SDLT) – a transfer tax on the purchase price of property or land – on different types of household mobility using micro data. Exploiting a discontinuity in the tax sc...Read more...

Christian A. L. Hilber and Teemu Lyytikäinen

1 September 2017

Journal article
Journal of Economic Literature:
On economic interdependence and war

In this article, we review the book Economic Interdependence and War by Dale C. Copeland, and take this opportunity to describe and discuss the current debate on the topic from an interdisciplinary perspective. We also p...Read more...

Massimo Morelli and Tommaso Sonno

1 September 2017

Journal article
British Journal of Industrial Relations:
Unions and Collective Bargaining in the Wake of the Great Recession: Evidence from Portugal

Against the backdrop of its industrial relations architecture, characteristic of the ‘southern European group’ and intimately linked to the recommendations of the Troika, this paper examines four key aspects of Portugues...Read more...

John T. Addison, Pedro Portugal and Hugo Vilares

1 September 2017

Journal article
Journal of Banking and Finance:
The role of prepayment penalties in mortgage loans

We study the effect of mortgage prepayment penalties on borrowers’ prepayments and delinquencies by exploiting a 2007 reform in Italy that reduced penalties on outstanding mortgages and banned penalties on newly-issued m...Read more...

Andrea Beltratti, Matteo Benetton and Alessandro Gavazza

1 September 2017

Journal article
Harvard Business Review:
Why do we undervalue competent management?

Business schools teach MBA students that you can't compete on the basis of management processes because they're easily copied. Operational effectiveness is table stakes in the competitive universe, according to the strat...Read more...

Nicholas Bloom, Raffaella Sadun and John Van Reenen

1 September 2017

Journal article
Annual Review of Economics:
Quantitative spatial economics

The observed uneven distribution of economic activity across space is influenced by variation in exogenous geographical characteristics and endogenous interactions between agents in goods and factor markets. Until the pa...Read more...

Stephen J. Redding and Esteban Rossi-Hansberg

1 August 2017

Journal article
Journal of the European Economic Association:
Neighbourhood turnover and teenage attainment

Theories about neighbours' influence on children's education that are based on social capital, cohesion, and disorganisation stress the importance of neighbourhood stability. This is because stability is regarded as nece...Read more...

Stephen Gibbons, Olmo Silva and Felix Weinhardt

1 August 2017

Journal article
Journal of Technology Transfer:
Academic inventors: collaboration and proximity with industry

This paper addresses a number of fundamental research questions on university-industry (U-I) collaborations. Are U-I collaborations intrinsically different from other forms of collaboration, such as inter-firm or inter-u...Read more...

Riccardo Crescenzi, Andrea Filippetti and Simona Iammarino

1 August 2017

Journal article
Real Estate Economics:
The Economic Implications of House Price Capitalization: A Synthesis

In this article, I synthesize an emerging literature that explores the conditions under which public and private investments and intergovernmental transfers are capitalized into local house prices and the broader economi...Read more...

Christian A. L. Hilber

1 July 2017

Journal article
Journal of the European Economic Association:
Speed 2.0: Evaluating access to universal digital highways

This paper shows that having access to a fast Internet connection is an important determinant of capitalization effects in property markets. Our empirical strategy combines a boundary discontinuity design with controls f...Read more...

Gabriel M. Ahlfeldt, Pantelis Koutroumpis and Tommaso Valletti

1 July 2017

Journal article
PLoS Medicine:
Community health promotion and medical provision for neonatal health - CHAMPION cluster randomised trial in Nagarkurnool district, Telangana (formerly Andhra Pradesh), India

Background: In the mid-2000s, neonatal mortality accounted for almost 40% of deaths of children under 5 years worldwide, and constituted 65% of infant deaths in India. The neonatal mortality rate in Andhra Pradesh was 44...Read more...

Peter Boone, Alex Eble, Diana Elbourne, Chris Frost, Chitra Jayanty, Rashmi Lakshminarayana, Vera Mann, Rohini Mukherjee, Gilda Piaggio and Padmanabh Reddy

1 July 2017

Journal article
Journal of Economic Behavior and Organization:
Would you choose to be happy? Tradeoffs between happiness and the other dimensions of life in a large population survey

A large literature documents the determinants of happiness. But is happiness all that people want from life; and if so, what type of happiness matters to them? Or are they willing to sacrifice happiness (however it is de...Read more...

Matthew D. Adler, Paul Dolan and Georgios Kavetsos

1 July 2017

Journal article
Journal of Health Economics:
Retirement blues

This paper analyses the short- and longer-term effects of retirement on mental health in ten European countries. It exploits thresholds created by state pension ages in an individual-fixed effects instrumental-variable s...Read more...

Gabriel Heller-Sahlgren

1 July 2017

Journal article
Journal of International Economics:
On the comparative advantage of U.S. manufacturing: Evidence from the shale gas revolution

This paper provides novel empirical evidence of the effects of a plausibly exogenous change in relative factor prices on U.S. manufacturing production and trade. The shale gas revolution has led to (very) large and persi...Read more...

Rabah Arezki, Thiemo Fetzer and Frank Pisch

1 July 2017

Journal article
Review of Environmental Economics and Policy:
The impacts of environmental regulations on competitiveness

This article reviews the empirical literature on the impacts of environmental regulations on firms’ competitiveness as measured by trade, industry location, employment, productivity, and innovation. The evidence shows th...Read more...

Antoine Dechezlepretre and Misato Sato

1 July 2017

Journal article
Review of Economics and Statistics:
Roads, railroads, and decentralization of Chinese cities

We investigate how urban railroad and highway configurations have influenced urban form in Chinese cities since 1990. Each radial highway displaces 4% of central city population to surrounding regions, and ring roads dis...Read more...

Nathaniel Baum-Snow, Loren Brandt, J. Vernon Henderson, Matthew A. Turner and Qinghua Zhang

1 July 2017

Journal article
The Review of Economic Studies:
"High" achievers? Cannabis access and academic performance

This paper investigates how legal cannabis access affects student performance. Identification comes from an exceptional policy introduced in the city of Maastricht in the Netherlands that discriminated access via license...Read more...

Olivier Marie and Ulf Zölitz

1 July 2017

Journal article
Research Policy:
The long-term effect of digital innovation on bank performance: An empirical study of SWIFT adoption in financial services

We examine the impact on bank performance of the adoption of SWIFT, a network-based technological infrastructure and set of standards for worldwide interbank telecommunication. We construct a new longitudinal dataset of ...Read more...

Susan Scott, John Van Reenen and Markos Zachariadis

1 June 2017

Journal article
The Economic Journal:
Adjusting Your Dreams? High School Plans and Dropout Behaviour

At the end of middle school, many low-achieving students realise that they do not have the ability to get into selective high school programmes, which may be a source of disengagement and eventually lead them to drop out...Read more...

Dominique Goux, Marc Gurgand and Eric Maurin

1 June 2017

Journal article
International Review of Economics:
Happiness, income and poverty

There is considerable evidence from a variety of sources to suggest that well-being is a function of relative income. These findings have been used to explain the Easterlin Paradox, whereby a rise in income for all does ...Read more...

Andrew E. Clark

1 June 2017

Journal article
The Quarterly Journal of Economics:
Smart and illicit: Who becomes an entrepreneur and do they earn more?

We disaggregate the self-employed into incorporated and unincorporated to distinguish between "entrepreneurs" and other business owners. We show that the incorporated self-employed and their businesses engage in activiti...Read more...

Ross Levine and Yona Rubinstein

1 May 2017

Journal article
The Economic Journal:
Take What You Can: Property Rights, Contestability and Conflict

Weak property rights are strongly associated with underdevelopment, low state capacity and civil conflict. In economic models of conflict, outbreaks of violence require a prize that is both valuable and contestable. This...Read more...

Thiemo Fetzer and Samuel Marden

1 May 2017

Journal article
Journal of Development Economics:
Subsidies with export share requirements in China

A subsidy is subject to an export share requirement (ESR) when firms must export more than a certain share of their output to receive it. Such incentives are frequently found in free trade zones, export processing regime...Read more...

Fabrice Defever and Alejandro Riano

1 May 2017

Journal article
National Institute Economic Review:
Post-Compulsory Education in England: Choices and Implications

Most students do not follow the ‘academic track’ (i.e. A-levels) after leaving school and only about a third of students go to university before the age of 20. Yet progression routes for the majority that do not take thi...Read more...

Claudia Hupkau, Sandra McNally, Jenifer Ruiz-Valenzuela and Guglielmo Ventura

1 May 2017

Journal article
American Economic Review:
Is modern technology responsible for jobless recoveries?

Since the early 1990s, recoveries from recessions in the US have been plagued by weak employment growth. We investigate whether a similar problem afflicts other developed economies, and whether technology is a culprit. W...Read more...

Georg Graetz and Guy Michaels

1 May 2017

Journal article
American Economic Review:
Concentrating on the fall of the labor share

The recent fall of labor's share of GDP in numerous countries is well-documented, but its causes are poorly understood. We sketch a "superstar firm" model where industries are increasingly characterized by "winner take m...Read more...

David Autor, David Dorn, Lawrence F. Katz, Christina Patterson and John Van Reenen

1 May 2017

Journal article
The Scandinavian Journal of Economics:
A Characteristics Approach to Optimal Taxation: Line Drawing and Tax-Driven Product Innovation

Real-world tax legislation assigns goods to different categories of tax rates on the basis of observable characteristics, allowing the tax system to handle a constantly evolving set of available goods. We recast the theo...Read more...

Christian Gillitzer, Henrik Kleven and Joel Slemrod

1 April 2017

Journal article
Journal of Political Economy:
Economic uncertainty, parental selection, and children’s educational outcomes

After the fall of the BerlinWall, East Germany experienced an unprecedented temporary drop in fertility driven by economic uncertainty. We show that the children born during this transition period performed worse on a ra...Read more...

Arnaud Chevalier and Olivier Marie

1 April 2017

Journal article
Economica:
Gender Inequality and Economic Development: Fertility, Education and Norms

We document the evolution of gender inequality in labour market outcomes—earnings, labour supply and wage rates—over the path of economic development, and present evidence on the potential reasons for this evolution. To ...Read more...

Henrik Kleven and Camille Landais

1 April 2017

Journal article
American Economic Review:
Balanced growth despite uzawa

The evidence for the United States points to balanced growth despite falling investment-good prices and a less-than-unitary elasticity of substitution between capital and labor. This is inconsistent with the Uzawa Growth...Read more...

Gene M. Grossman, Elhanan Helpman, Ezra Oberfield and Thomas Sampson

1 April 2017

Journal article
Economics of Transition:
Introduction to the Special Issue on the Economics of the Middle East and North Africa

[No abstract available]...Read more...

Philippe Aghion, Ralph De Haas, Guido Friebel, Sergei Guriev and Jan Luksic

1 April 2017

Journal article
Journal of Economic Perspectives:
Undergraduate econometrics instruction: Through our classes, darkly

The past half-century has seen economic research become increasingly empirical, while the nature of empirical economic research has also changed. In the 1960s and 1970s, an empirical economist's typical mission was to "e...Read more...

Joshua D. Angrist and Jörn-Steffen Pischke

1 April 2017

Journal article
Oxford Economic Papers:
Strategic uncertainty, indeterminacy, and the formation of international environmental agreements

Since the end of the Kyoto Protocol, global climate negotiations have shifted away from setting binding short-run targets on emissions towards placing long-term limits on global warming. We investigate how this alters th...Read more...

Daiju Narita and Ulrich J. Wagner

1 April 2017

Journal article
Small Business Economics:
Prospect theory and the effects of bankruptcy laws on entrepreneurial aspirations

We apply prospect theory to explain how personal and corporate bankruptcy laws affect risk perceptions of entrepreneurs at time of entry and therefore their growth ambitions. Previous theories have reached ambiguous conc...Read more...

Saul Estrin, Tomasz Mickiewicz and Anna Rebmann

1 April 2017

Journal article
Journal of Environmental Economics and Management:
Does the presence of wind turbines have negative externalities for people in their surroundings? Evidence from well-being data

Throughout the world, governments foster the deployment of wind power to mitigate negative externalities of conventional electricity generation, notably CO2 emissions. Wind turbines, however, are not free of externalitie...Read more...

Christian Krekel and Alexander Zerrahn

1 March 2017

Journal article
Journal of Urban Economics:
Sorting and agglomeration economies in French economics departments

Are agglomeration and peer effects at stake in academic research? To tackle this question, we study how departments’ characteristics affect the quantity and quality of academics’ publications in economics in France, cont...Read more...

Clément Bosquet and Pierre-Philippe Combes

1 March 2017

Journal article
Journal of Urban Economics:
Urban economics for the developing World: An introduction

This is an introduction to the special issue of the Journal of Urban Economics on “Urbanization in Developing Countries: Past and Present”. We argue that the rapid urbanization and the rise of cities in the developing wo...Read more...

Edward L. Glaeser and J. Vernon Henderson

1 March 2017

Journal article
Journal of Urban Economics:
Political favoritism in China's capital markets and its effect on city sizes

This paper examines political favoritism of cites in national capital markets and the effect of that favoritism on city sizes. The paper estimates the city-by-city variation in the prices of capital across cities in Chin...Read more...

Wei Cai, Yi Chen and J. Vernon Henderson

1 March 2017

Journal article
Review of Economics and Statistics:
Heterogeneous agglomeration

Many prior treatments of agglomeration explicitly or implicitly assume that all industries agglomerate for the same reasons. This paper uses U.K. establishment-level coagglomeration data to document substantial heterogen...Read more...

Giulia Faggio, Olmo Silva and William C. Strange

1 March 2017

Journal article
The Australian Economic Review:
Observations on Uncertainty

I discuss three phenomena which appear important for modelling the impact of uncertainty on growth. The first is international spillovers in uncertainty, which arise even in large countries like the United States and par...Read more...

Andrew E. Clark and Carine Milcent

1 March 2017

Journal article
Sleep:
Family income and material deprivation: Do they matter for sleep quality and quantity in early life? Evidence from a longitudinal study

Introduction: The aim of this article is to investigate the determinants of sleeping patterns in children up to age 9 on a large and geographically homogeneous sample of British children and parents, focusing in particul...Read more...

Marta Barazzetta and Simone Ghislandi

1 March 2017

Journal article
Applied Economics Letters:
Industrial structure and preferences for a common currency – the case of the EURO referendum in Sweden

Attitudes for a common currency differ from nation to nation, or from region to region. We analyse regionally differing voting results of a referendum held in Sweden in lieu of joining the European Monetary Union. We put...Read more...

Gabriel M. Ahlfeldt, Wolfgang Maennig and Tobias Osterheider

1 March 2017

Journal article
American Economic Review:
A structural model of the retail market for illicit drugs

We estimate a model of illicit drugs markets using data on purchases of crack cocaine. Buyers are searching for high-quality drugs, but they determine drugs' quality (i.e., their purity) only after consuming them. Hence,...Read more...

Manolis Galenianos and Alessandro Gavazza

1 March 2017

Journal article
Oxford Review of Economic Policy:
A hitch-hiker's guide to post-Brexit trade negotiations: Options and principles

Brexit will require the UK to negotiate new trade arrangements with the EU. After summarizing the main options for future UK-EU trade relations, this article reviews the purpose of trade agreements. We highlight that tra...Read more...

Swati Dhingra, Gianmarco I. P. Ottaviano and Thomas Sampson

1 March 2017

Journal article
Journal of International Economics:
Suspiciously timed trade disputes

This paper shows that electoral incentives crucially affect the initiation of trade disputes. Focusing on WTO disputes filed by the United States during the 1995–2014 period, we find that U.S. presidents are more likely ...Read more...

Paola Conconi, David DeRemer, Georg Kichsteiger, Lorenzo Trimarchi and Maurizio Zanardi

1 March 2017

Journal article
Management Science:
Risk aversion and wealth: Evidence from person-to-person lending portfolios

We estimate risk aversion from investors' financial decisions in a person-toperson lending platform. We develop a method that obtains a risk-aversion parameter from each portfolio choice. Since the same individuals inves...Read more...

Daniel Paravisini, Veronica Rappoport and Enrichetta Ravina

1 February 2017

Journal article
The Economic Journal:
Longitudinal Evidence for a Midlife Nadir in Human Well-being: Results from Four Data Sets

There is a large amount of cross-sectional evidence for a midlife low in the life cycle of human happiness and well-being (a ‘U shape’). Yet no genuinely longitudinal inquiry has uncovered evidence for a U-shaped pattern...Read more...

Terence C. Cheng, Andrew J. Oswald and Nattavudh Powdthavee

1 February 2017

Journal article
The World Bank Economic Review:
Volunteerism after the tsunami: The effects of democratization

Using three waves of survey data from fishing villages in Aceh, Indonesia for 2005-09, we examine the determinants of local volunteer labor after the tsunami. Volunteer labor is the village public sector labor force for ...Read more...

Tiago Freire, J. Vernon Henderson and Ari Kuncoro

1 February 2017

Journal article
Kyklos:
Do More of Those in Misery Suffer from Poverty, Unemployment or Mental Illness?

Studies of deprivation usually ignore mental illness. This paper uses household panel data from the USA, Australia, Britain and Germany to broaden the analysis. We ask first how many of those in the lowest levels of life...Read more...

Sarah Flèche and Richard Layard

1 February 2017

Journal article
Tijdschrift voor Economische en Sociale Geografie, Journal of Economic and Human Geography:
The Geography of Foreign Investments in the EU Neighbourhood

This paper aims at investigating the drivers of Multinational Enterprise (MNE) investment in countries linked to the ‘core’ of the European Union (EU 15) by different degrees of functional, economic and political integra...Read more...

Andrea Ascani, Riccardo Crescenzi and Simona Iammarino

1 February 2017

Journal article
Econometric Theory:
Identification and inference on regressions with missing covariate data

This paper examines the problem of identification and inference on a conditional moment condition model with missing data, with special focus on the case when the conditioning covariates are missing. We impose no assumpt...Read more...

Esteban M. Aucejo, Federico A. Bugni and V. Joseph Hotz

1 February 2017

Journal article
Regional Studies:
Global investments and regional development trajectories: the missing links

Global investments and regional development trajectories: the missing links. Regional Studies. Regional economic development has been long conceptualized as a non-linear, interactive and socially embedded process: these ...Read more...

Riccardo Crescenzi and Simona Iammarino

1 January 2017

Journal article
Economic Geography:
Innovation in Russia: The Territorial Dimension

The debate on Russia’s innovation performance has paid little attention to the role of geography. This article addresses this gap by integrating an evolutionary dimension in an augmented regional knowledge production fun...Read more...

Riccardo Crescenzi and Alexander Jaax

1 January 2017

Journal article
IZA World of Labor:
The economics of mental health

In a typical country, one in five people suffers from a mental illness, the great majority from depression or crippling anxiety. Mental illness accounts for half of all illness up to age 45 in rich countries, making it t...Read more...

Richard Layard

1 January 2017

Journal article
IZA Journal of Labor and Development:
Pathways from school to work in the developing world

This paper uses novel micro data from the ILO-STWT surveys to provide evidence on the duration, endpoint, and determinants of the transition from school to work in a sample of 23 low- and middle-income countries around t...Read more...

Furio Camillo Rosati, Giuseppe Dachille, Marco Manacorda and Marco Razanzi

1 January 2017

Journal article
Journal of Economic Geography:
Agglomeration externalities and urban growth controls

How can land use policy enhance the exploitation of external urban agglomeration economies? In a system of heterogeneous cities, we show that the second-best land use policy constrains city creation, while subsidizing (t...Read more...

Wouter Vermeulen

1 January 2017

Journal article
Journal of Development Economics:
Has climate change driven urbanization in Africa?

This paper documents strong but differentiated links between climate and urbanization in large panels of districts and cities in Sub-Saharan Africa, which has dried substantially in the past fifty years. The key dimensio...Read more...

Uwe Deichmann, J. Vernon Henderson and Adam Storeygard

1 January 2017

Journal article
Journal of Economic Geography:
Urban renewal after the Berlin wall: A place-based policy evaluation

We use a quasi-experimental research design to study the effects of a spatially targeted renewal policy implemented in Berlin, Germany, in the aftermath of the city's division during the Cold War period. Our results sugg...Read more...

Gabriel M. Ahlfeldt, Wolfgang Maennig and Felix J. Richter

1 January 2017

Journal article
International Journal of Industrial Organization:
International aspects of merger policy: A survey

This paper surveys the literature on merger policy in open economies. We first adopt a reduced-form approach to derive general insights on the scope for conflict between national antitrust authorities and on the gains fr...Read more...

Holger Breinlich, Volker Nocke and Nicolas Schutz

1 January 2017

Journal article
The Review of Economic Studies:
Trade and inequality: From theory to estimation

While neoclassical theory emphasizes the impact of trade on wage inequality between occupations and sectors, more recent theories of firm heterogeneity point to the impact of trade on wage dispersion within occupations a...Read more...

Elhanan Helpman, Oleg Itskhoki, Marc-Andreas Muendler and Stephen J. Redding

1 January 2017

Journal article
Journal of Urban Economics:
Spatial frictions

The world is replete with spatial frictions. Shipping goods across cities entails trade frictions. Commuting within cities causes urban frictions. How important are these frictions in shaping the spatial economy? We deve...Read more...

Kristian Behrens, Giordano Mion, Yasusada Murata and Jens Suedekum

1 January 2017

Journal article
Journal of Economic Geography:
Innovation, SMEs and the liability of distance: The demand and supply of bank funding in UK peripheral regions

This article considers geographical variations in the demand and supply of bank finance for innovative firms in the UK. It uses a detailed survey on the finances of almost 40,000 UK Small- and Medium-Sized Enterprises fo...Read more...

Ross Brown and Neil Lee

1 January 2017

Journal article
IZA Journal of Labor Policy:
Wage rigidities and business cycle fluctuations: A linked employer-employee analysis

This paper analyses wage dynamics in Italy in the last 25 years with a special focus on the recent recession. Despite the rather rigid Italian institutional setting, using linked employer-employee data we find that wage ...Read more...

Effrosyni Adamopoulou, Emmanuele Bobbio, Marta De Philippis and Federico Giorgi

1 December 2016

Journal article
Environment and Planning A:
Ethnic diversity and business performance: Which firms? Which cities?

A growing literature examines how ethnic diversity influences economic outcomes in cities and inside firms. However, firm–city interactions remain more or less unexplored. Ethnic diversity may help firm performance by in...Read more...

Max Nathan

1 December 2016

Journal article
Economics of Education Review:
Assessing the effect of school days and absences on test score performance

While instructional time is viewed as crucial to learning, little is known about the effectiveness of reducing absences relative to increasing the number of school days. Using administrative data from North Carolina publ...Read more...

Esteban M. Aucejo and Teresa Romano

1 December 2016

Journal article
Journal of Human Capital:
Student awareness of costs and benefits of educational decisions: effects of an information campaign

Many students appear to leave full-time education too soon, despite the possibility of high returns from further investment in their education. One contributory factor may be insufficient information about the potential ...Read more...

Martin McGuigan, Sandra McNally and Gill Wyness

1 December 2016

Journal article
Health Economics (United Kingdom):
On a Family of Achievement and Shortfall Inequality Indices

This paper identifies a family of absolute consistent inequality indices using a weakly decomposable postulate suggested by Ebert. Because one member employs an Atkinson type aggregation we refer to it as the Atkinson in...Read more...

Satya R. Chakravarty, Nachiketa Chattopadhyay and Conchita D'Ambrosio

1 December 2016

Journal article
The Review of Economics and Statistics:
Survive another day: Using changes in the composition of investments to measure the cost of credit constraints

We introduce a novel empirical strategy to measure the size of credit shocks. Theoretically, we show that credit shocks reduce the value of long-term relative to short-term investments. Empirically, we can therefore comp...Read more...

Luis Garicano and Claudia Steinwender

1 December 2016

Journal article
Journal of the European Economic Association:
GENDER DIFFERENCES IN RESPONSE TO BIG STAKES

It is commonly perceived that increasing incentives improves performance. However, the reaction to increased incentives might differ between men and women, leading to gender differences in performance. In a natural exper...Read more...

Ghazala Azmat, Caterina Calsamiglia and Nagore Iriberri

1 December 2016

Journal article
The Economic Journal:
Unemployment and Domestic Violence: Theory and Evidence

Does rising unemployment really increase domestic violence as many commentators expect? The contribution of this article is to examine how changes in unemployment affect the incidence of domestic abuse. Theory predicts t...Read more...

Dan Anderberg, Helmut Rainer, Jonathan Wadsworth and Tanya Wilson

1 November 2016

Journal article
Review of International Economics:
The Geometry of the Distance Coefficient in Gravity Equations in International Trade

Gravity equations in trade imply that trade flows are proportional to the size of a country and inversely proportional to distance. This paper develops the analogy of gravity in physics with gravity in trade and provides...Read more...

Ferdinand Rauch

1 November 2016

Journal article
Journal of International Economics:
Multi-product firms and product quality

We examine the global operations of multi-product firms. We present a flexible heterogeneous-firm trade model with either limited or strong scope for quality differentiation. Using customs data for China during 2002–2006...Read more...

Kalina Manova and Zhihong Yu

1 November 2016

Journal article
Journal of International Economics:
Relational contracts and supplier turnover in the global economy

Headquarters and their specialized component suppliers have a vital interest in establishing long-term collaborations. When formal contracts are not enforceable, such efficiency-enhancing cooperations can be established ...Read more...

Fabrice Defever, Christian Fischer and Jens Suedekum

1 November 2016

Journal article
The Quarterly Journal of Economics:
Measuring economic policy uncertainty

We develop a new index of economic policy uncertainty (EPU) based on newspaper coverage frequency. Several types of evidence-including human readings of 12,000 newspaper articles-indicate that our index proxies for movem...Read more...

Scott R. Baker, Nicholas Bloom and Steven J. Davis

1 November 2016

Journal article
The Journal of Law, Economics, and Organization:
The returns to knowledge hierarchies

Hierarchies allow individuals to leverage their knowledge through others' time. This mechanism increases productivity and amplifies the impact of skill heterogeneity on earnings inequality. This article analyzes the earn...Read more...

Luis Garicano and Thomas N. Hubbard

1 November 2016

Journal article
American Economic Review:
Firm size distortions and the productivity distribution: Evidence from France

We show how size-contingent laws can be used to identify the equilibrium and welfare effects of labor regulation. Our framework incorporates such regulations into the Lucas (1978) model and applies it to France where man...Read more...

Luis Garicano, Claire Lelarge and John Van Reenen

1 November 2016

Journal article
Cityscape:
Housing Policies in the United Kingdom, Switzerland, and the United States: Lessons Learned

We provide an analysis of the housing market and current housing policies in three developed countries: the United Kingdom, Switzerland, and the United States. We focus on these three countries mainly because of the mark...Read more...

Christian A. L. Hilber

1 October 2016

Journal article
Annual Review of Economics:
The evolution of gender gaps in industrialized countries

Women in developed economies have made major advancements in labor markets throughout the past century, but remaining gender differences in pay and employment seem remarkably persistent. This article documents long-run t...Read more...

Claudia Olivetti and Barbara Petrongolo

1 October 2016

Journal article
The Review of Economic Studies:
First impressions matter: Signalling as a source of policy dynamics

We provide the first direct empirical support for the importance of signalling in monetary policy by testing two key predictions from a novel structural model. First, all policymaker types should become less tough on inf...Read more...

Stephen Hansen and Michael McMahon

1 October 2016

Journal article
The Review of Economic Studies:
Estimating strategic models of international treaty formation

This article develops an empirical framework for analysing the timing of international treaties. A treaty is modelled as a dynamic game among governments that decide on participation in every period. The net benefit of t...Read more...

Ulrich J. Wagner

1 October 2016

Journal article
Economics of Education Review:
Crime, compulsory schooling laws and education

Do compulsory schooling laws reduce crime? Previous evidence for the US from the 1960s and 1970s suggests they do, primarily working through their effect on educational attainment to generate a causal impact on crime. In...Read more...

Brian Bell, Rui Costa and Stephen Machin

1 October 2016

Journal article
Labour Economics:
Share capitalism and worker wellbeing

We show that worker wellbeing is determined not only by the amount of compensation workers receive but also by how compensation is determined. While previous theoretical and empirical work has often been preoccupied with...Read more...

Alex Bryson, Andrew E. Clark, Richard B. Freeman and Colin P. Green

1 October 2016

Journal article
Journal of Social Policy:
Educational inequality, educational expansion and intergenerational mobility

The distribution of education by social background and the mobility prospects of society are intimately connected. To begin to predict future trends in mobility in the UK we bring together evidence on educational inequal...Read more...

Jo Blanden and Lindsey Macmillan

1 October 2016

Journal article
Applied Research in Quality of Life:
Estimating the Mental Health Effects of Social Isolation

It is frequently hypothesized that feelings of social isolation are detrimental for an individual’s mental health, however standard statistical models cannot estimate this effect due to reverse causality between the inde...Read more...

Conchita D'Ambrosio, Prasada Rao, Nicholas Rohde and Kam Ki Tang

1 September 2016

Journal article
The Economic Journal:
Tariffs, Trade and Productivity: A Quantitative Evaluation of Heterogeneous Firm Models

We examine the quantitative predictions of heterogeneous firm in the context of the Canada–US Free Trade Agreement (CUSFTA) of 1989. We compute predicted increases in trade flows and measured productivity and compare the...Read more...

Holger Breinlich and Alejandro Cunat

1 September 2016

Journal article
Energy Policy:
Competition and norms: a self-defeating combination?

This paper investigates the effects of information feedback mechanisms on electricity and heating usage at a student hall of residence in London. In a randomised control trial, we formulate different treatments such as f...Read more...

Genevieve Alberts, Zeynep Gurguc, Pantelis Koutroumpis, Ralf Martin, Mirabelle Muûls and Tamaryn Napp

1 September 2016

Journal article
London Review of Education:
Benchmarking London in the PISA rankings

The Programme for International Student Assessment (PISA) is an important international study of 15-year-olds’ academic achievement. Although PISA has traditionally been used to draw comparisons across countries, there i...Read more...

John Jerrim and Gill Wyness

1 September 2016

Journal article
The Review of Income and Wealth:
Economic Growth Evens Out Happiness: Evidence from Six Surveys

In spite of the great U-turn that saw income inequality rise in Western countries in the 1980s, happiness inequality has fallen in countries that have experienced income growth (but not in those that did not). Modern gro...Read more...

Andrew E. Clark, Sarah Flèche and Claudia Senik

1 September 2016

Journal article
Journal of International Economics:
The price of development: The Penn–Balassa–Samuelson effect revisited

The Penn–Balassa–Samuelson effect is the stylized fact about the positive correlation between cross-country price level and per-capita income. This paper provides evidence that the price–income relation is actually non-l...Read more...

Fadi Hassan

1 September 2016

Journal article
Journal of Comparative Economics:
Lower coverage but stronger unions? Institutional changes and union wage premia in Central Europe

In this paper we use the national samples from the European Structure of Earnings Survey (ESES) to analyze the evolution of the wage premium of firm- and industry-level agreements in the Czech Republic, Hungary, and Pola...Read more...

Iga Magda, David Marsden and Simone Moriconi

1 August 2016

Journal article
The Quarterly Journal of Economics:
Quantifying the sources of firm heterogeneity

We develop and structurally estimate a model of heterogeneous multiproduct firms that can be used to decompose the firm-size distribution into the contributions of costs, "appeal" (quality or taste), markups, and product...Read more...

Colin Hottman, Stephen J. Redding and David E. Weinstein

1 August 2016

Journal article
American Economic Journal: Microeconomics:
Inducing leaders to take risky decisions: Dismissal, tenure, and term limits

How can a principal (employer or voter) induce an agent (worker or politician) to choose the "right" actions if risky actions reveal the agent's decision-making competence and only dismissal can be used as an incentive i...Read more...

Philippe Aghion and Matthew O. Jackson

1 August 2016

Journal article
Oxford Bulletin of Economics and Statistics:
Peer effects: evidence from secondary school transition in England

We estimate the effect of peers' prior achievement on student progress in secondary school, using administrative data on four cohorts of students in England. Students leaving primary for secondary school experience a big...Read more...

Stephen Gibbons and Shqiponja Telhaj

1 August 2016

Journal article
Labour Economics:
School reforms and pupil performance

The relationship between school reforms, specifically those involving the introduction of new school types, and pupil performance is studied. The particular context is the introduction of academy schools in England, but ...Read more...

Andrew Eyles, Claudia Hupkau and Stephen Machin

1 August 2016

Journal article
The Review of Economics and Statistics:
Adaptation to poverty in long-run panel data

We consider the link between poverty and subjective wellbeing and focus in particular on potential adaptation to poverty. We use panel data on almost 54,000 individuals living in Germany from 1985 to 2012 to show, first,...Read more...

Andrew E. Clark, Conchita D'Ambrosio and Simone Ghislandi

1 July 2016

Journal article
Economic Policy:
Academies, charter and free schools: Do new school types deliver better outcomes?

School reforms featuring the introduction of new types of schools have occurred in the education systems of a number of countries. The most well-known of these new school types to be recently introduced are charter schoo...Read more...

Andrew Eyles, Claudia Hupkau and Stephen Machin

1 July 2016

Journal article
Journal of Economics and Management Strategy:
Capacity Investment under Demand Uncertainty: The Role of Imports in the U.S. Cement Industry

Demand uncertainty is thought to influence irreversible capacity decisions. Suppose that local demand can be sourced from domestic (rigid) production or from (flexible) imports. This paper shows that the optimal domestic...Read more...

Guy Meunier, Jean-Pierre Ponssard and Catherine Thomas

1 July 2016

Journal article
The Review of Economics and Statistics:
Resource windfalls, political regimes, and political stability

We study theoretically and empirically whether natural resource windfalls affect political regimes. We show that windfalls have no effect on democracies, while they have heterogeneous political consequences in autocracie...Read more...

Francesco Caselli and Andrea Tesei

1 July 2016

Journal article
Journal of International Economics:
Goods trade, factor mobility and welfare

We develop a quantitative spatial model that incorporates a rich geography of trade costs and labor mobility with heterogeneous worker preferences across locations. We provide comparative statics for the unique equilibri...Read more...

Stephen J. Redding

1 July 2016

Journal article
Psychological Science:
Models of Affective Decision Making: How Do Feelings Predict Choice?

Intuitively, how you feel about potential outcomes will determine your decisions. Indeed, an implicit assumption in one of the most influential theories in psychology, prospect theory, is that feelings govern choice. Sur...Read more...

Caroline J. Charpentier, Jan-Emmanuel De Neve, Xinyi Li, Jonathan P. Roiser and Tali Sharot

1 June 2016

Journal article
The Journal of Industrial Economics:
Spillovers in Space: Does Geography Matter?

Using U.S. firm level panel data we simultaneously assess the contributions to productivity of three potential sources of research and development spillovers: geographic, technological, and product market ("horizontal")....Read more...

Sergey Lychagin, Joris Pinkse, Margaret E. Slade and John Van Reenen

1 June 2016

Journal article
Science:
Building functional cities

The literature views many African cities as dysfunctional with a hodgepodge of land uses and poor "connectivity." One driver of inefficient land uses is construction decisions for highly durable buildings made under weak...Read more...

J. Vernon Henderson, Anthony J. Venables, Tanner Regan and Ilia Samsonov

20 May 2016

Journal article
Science:
Inequality in mortality decreased among the young while increasing for older adults, 1990-2010

Many recent studies point to increasing inequality in mortality in the United States over the past 20 years. These studies often use mortality rates in middle and old age. We used poverty level rankings of groups of U.S....Read more...

Janet Currie and Hannes Schwandt

6 May 2016

Journal article
American Economic Journal: Economic Policy:
Do cash transfers improve birth outcomes? Evidence from matched vital statistics, and program and social security data

There is limited empirical evidence on whether cash transfers to poor pregnant women improve children's birth outcomes and potentially help weaken the cycle of intergenerational poverty. Using a unique array of program a...Read more...

Verónica Amarante, Marco Manacorda, Edward Miguel and Andrea Vigorito

1 May 2016

Journal article
Regional Science and Urban Economics:
Local agglomeration, entrepreneurship and the 2008 recession: Evidence from Italian industrial districts

We investigate whether the impact of recessions on entrepreneurship is affected by the presence of industrial districts, a source of local agglomeration economies. Using Italian Labour Force quarterly data from 2006 to 2...Read more...

Giorgio Brunello and Monica Langella

1 May 2016

Journal article
Journal of International Economics:
How firms export: Processing vs. ordinary trade with financial frictions

The fragmentation of production across borders allows firms to make and export final goods, or to perform only intermediate stages of production by processing imported inputs for re-exporting. We examine how financial fr...Read more...

Kalina Manova and Zhihong Yu

1 May 2016

Journal article
American Economic Review:
The sovereign-bank diabolic loop and esbies

We propose a simple model of the sovereign-bank diabolic loop, and establish four results. First, the diabolic loop can be avoided by restricting banks' domestic sovereign exposures relative to their equity. Second, equi...Read more...

Markus K. Brunnermeier, Luis Garicano, Philip R. Lane, Marco Pagano, Ricardo Reis, Tano Santos, David Thesmar, Stijn Van Nieuwerburgh and Dimitri Vayanos

1 May 2016

Journal article
American Economic Review:
International data on measuring management practices

We examine methods used to survey firms on their management and organizational practices. We contrast the strengths and weaknesses of "open ended questions" (like the World Management Survey) with "closed questions" (lik...Read more...

Nicholas Bloom, Renata Lemos, Raffaella Sadun, Daniela Scur and John Van Reenen

1 May 2016

Journal article
The Economic Journal:
Universal pre-school education: the case of public funding with private provision

This article studies the effect of free pre-school education on child outcomes in primary school. We exploit the staggered implementation of free part-time pre-school for three year olds across Local Education Authoritie...Read more...

Jo Blanden, Emilia Del Bono, Sandra McNally and Birgitta Rabe

1 May 2016

Journal article
Journal of Economic Theory:
Assignment reversals: Trade, skill allocation and wage inequality

The allocation of skilled labor across industries shapes inter-industry wage differences and wage inequality. This paper shows the ranking of industries by workforce skill differs between developed and developing countri...Read more...

Thomas Sampson

1 May 2016

Journal article
European Economic Review:
Racial prejudice and labour market penalties during economic downturns

Do economic downturns encourage racist attitudes? Does this in-turn lead to worse labour market outcome for minorities? We assess these important questions using British attitude and labour force data. The attitude data ...Read more...

David W. Johnston and Grace Lordan

1 May 2016

Journal article
Journal of Economic Perspectives:
Mortality inequality: The good news from a county-level approach

In this essay, we ask whether the distributions of life expectancy and mortality have become generally more unequal, as many seem to believe, and we report some good news. Focusing on groups of counties ranked by their p...Read more...

Janet Currie and Hannes Schwandt

1 April 2016

Journal article
Social Choice and Welfare:
Measuring rank mobility with variable population size

We provide a characterization of a class of rank-mobility measures. These measures generalize the Kemeny measure that is well-known from the literature on measuring the distance between orderings.We use replication invar...Read more...

Walter Bossert, Burak Can and Conchita D'Ambrosio

1 April 2016

Journal article
Economica:
The Rising Postgraduate Wage Premium

Despite post-college degree holders now making up nearly 15% of the US adult workforce, studies of their labour market performance remain sparse. This is surprising given that they are the most educated group in the labo...Read more...

Joanne Lindley and Stephen Machin

1 April 2016

Journal article
The RAND Journal of Economics:
Project selection and execution in teams

We use a mechanism-design approach to study a team whose members select a joint project and exert individual efforts to execute it. Members have private information about the qualities of alternative projects. Informatio...Read more...

Jordi Blanes i Vidal and Marc Moller

1 April 2016

Journal article
Research Policy:
Measuring technological novelty with patent-based indicators

This study provides a new, more comprehensive measurement of technological novelty. Integrating insights from the existing economics and management literature, we characterize inventions ex ante along two dimensions of t...Read more...

Jan David Bakker, Dennis Verhoeven and Reinhilde Veugelers

1 April 2016

Journal article
Oxford Economic Papers:
Graduate returns, degree class premia and higher education expansion in the UK

We investigate the extent to which graduate returns vary according to the class of degree achieved by UK university students, and examine changes over time in estimated degree class premia. Using a variety of complementa...Read more...

Robin A. Naylor, James Smith and Shqiponja Telhaj

1 April 2016

Journal article
Labour Economics:
Ill communication: technology, distraction and student performance

This paper investigates the impact of schools banning mobile phones on student test scores. By surveying schools in four English cities regarding their mobile phone policies and combining it with administrative data, we ...Read more...

Louis-Philippe Beland and Richard Murphy

1 April 2016

Journal article
The Review of Economic Studies:
Landing the first job: The value of intermediaries in online hiring

Online markets for remote labour services allow workers and firms to contract with each other directly. Despite this, intermediaries-called outsourcing agencies-have emerged in these markets. This article shows that agen...Read more...

Christopher T. Stanton and Catherine Thomas

1 April 2016

Journal article
Gerontology:
Associations between neighborhood characteristics, well-being and health vary over the life course

Background: Neighborhood characteristics are important determinants of individual health and well-being. For example, characteristics such as noise and pollution affect health directly, while other characteristics affect...Read more...

Ilja Demuth, Peter Eibich, Christian Krekel and Gert G. Wagner

1 April 2016

Journal article
American Economic Review:
University differences in the graduation of minorities in STEM fields: Evidence from California

We examine differences in minority science graduation rates among University of California campuses when racial preferences were in place. Less prepared minorities at higher ranked campuses had lower persistence rates in...Read more...

Peter Arcidiacono, Esteban M. Aucejo and V. Joseph Hotz

1 March 2016

Journal article
The Review of Economics and Statistics:
Environmental policy and directed technological change: Evidence from the european carbon market

This paper investigates the impact of the European Union Emissions Trading System (EU ETS) on technological change, exploiting installations level inclusion criteria to estimate the System's causal impact on firms' paten...Read more...

Raphael Calel and Antoine Dechezlepretre

1 March 2016

Journal article
Journal of Development Economics:
Violence and birth outcomes: Evidence from homicides in Brazil

This paper uses microdata from Brazilian vital statistics on births and deaths between 2000 and 2010 to estimate the impact of in-utero exposure to local violence - measured by homicide rates - on birth outcomes. The est...Read more...

Martin Foureaux Koppensteiner and Marco Manacorda

1 March 2016