The official account of the Review of Economic Studies, one of the world's top economics journals.
London
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- Following 15
- Followers 31,101
- Likes 587
@TTorslov, @LudvigWier and @gabriel_zucman estimate that 36% of multinational profits are shifted to tax havens globally. U.S. multinationals shift twice as much profit as other multinationals relative to the size of their foreign earnings.
restud.com/paper/the-missing…
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Welcome to the Review of Economic Studies official twitter account. We tweet about recently accepted and forthcoming papers. Follow us so as to keep up to date with frontier economics research.
(There was a previous account but it is run by someone else so please ignore it.)
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.@martha_j_bailey, @HilaryHoynes & @maya_rossin:
Access to Food Stamps before age 5 improves human capital, economic self-sufficiency & quality of one's residence neighborhood in adulthood, reduces likelihood of incarceration, increases life expectancy.
restud.com/is-the-social-saf…
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``Successful performance of democratic regimes is critical for support for democracy."
From @DAcemogluMIT, Ajzenman, Aksoy, Fiszbein and Molina:
restud.com/successful-democr…
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Recently published in REStud, ``Does Pricing Carbon Mitigate Climate Change? Firm-Level Evidence from the European Union Emissions Trading System,'' from @JonathanColmer, @mondpanther, @MirabelleMuuls, and Wagner:
restud.com/does-pricing-carb…
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"New research on job loss (or not) from minimum wage policy and how it varies with labor market concentration."
From @joseazar, @EmilianoHuetV, @mioana & @Bledi_Taska:
restud.com/1511-2/
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Recently published in REStud, ``The Macroeconomics of Supply Chain Disruptions,'' from @DAcemogluMIT and @mashalirezaa:
restud.com/the-macroeconomic…
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How well do people know their social position relative to others in society? How does their position shape their views on fairness?
A new paper from @KBHvidberg & @okoctk of @Economics_UCPH and @S_Stantcheva of @harvardecon:
restud.com/paper/social-posi…
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The article "Growing up in a Recession” has been retracted.
doi.org/10.1093/restud/rdac0…
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``Can indirect taxes help reduce inequality in developing countries?
Accounting for the informal sector makes consumption taxes progressive, but widespread tax exemptions on necessity goods (food) regressive.''
From @pierrebachas, @LucieGadenne & Jensen:
restud.com/informality-consu…
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"National Elections Database," including the results of 1,023 presidential and 2,962 parliamentary elections conducted worldwide since 1946!
From @VinPons, @benjaminmarx and @vincent_rollet.
The companion paper: restud.com/electoral-turnove…
#EconSky #Elections
We are very happy to publish the new National Elections Database, including the results of 1,023 presidential and 2,962 parliamentary elections conducted worldwide since 1946!
nationalelectionsdatabase.co…
with @benjaminmarx and @vincent_rollet
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Are you (or your referees) worried that the parallel trends assumption might not hold exactly? @asheshrambachan & @jondr44 propose methods for robust inference / sensitivity analysis that bound violations of PT using pre-trends:
restud.com/paper/a-more-cred…
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``The sectoral allocation of credit matters for whether credit booms result in growth slowdowns and financial crises.''
From @KarstenMueIIer and @EmilVerner:
restud.com/credit-allocation…
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``Do the long work hours required by many high-paying professions inhibit the entry of women?''
Find out more in the recently published paper from Melanie Wasserman:
restud.com/paper/hours-const…
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``In the presence of consumption smoothing, workers engage in precautionary job search which leads to negative duration-dependence on wages.''
From @jan_eeckhout @UPFBarcelona and @ASepahsalari @BristolUni:
restud.com/the-effect-of-wea…
#Unemployment #UnemploymentInsurance
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``Administrative data from Italy show that lengthening the careers of older workers blocks promotions and limits wage growth of younger coworkers, but only in nongrowing firms.''
From @BianchiEcon, Bovini, Li, @MatteoParadisi and @convexify:
restud.com/paper/career-spil…
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In a recently published paper, @luigiiov and @d_sergeyev investigate the effects of central bank balance sheet policies without rational expectations.
@Unibocconi @cepr_org
restud.com/paper/central-ban…
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Recently accepted to REStud, ``Revisiting Event Study Designs: Robust and Efficient Estimation,'' from Borusyak, Jaravel and Spiess:
restud.com/revisiting-event-…
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``Growth has fallen in the U.S. while concentration has increased. This paper develops a theory that links these facts to the decline in overhead costs of spanning multiple products.''
From Aghion, @a_bergeaud, Boppart, @peteklenow and @huiyu_li:
restud.com/paper/a-theory-of…
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``Taxpayers respond to a wealth tax by instantly misreporting their wealth. This effect persists even years after the tax is no longer in place. They also hide assets in tax havens."
Recently accepted to REStud, from @juliana_londono & Ávila-Mahecha:
restud.com/behavioral-respon…
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``THANK, a tractable HANK model captures analytically core micro-heterogeneity channels of quantitative HANK; the paper uses the former to elucidate key transmission mechanisms and dynamic properties of the latter."
Recently accepted, from @FlorinBilbiie:
restud.com/monetary-policy-a…
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New paper from @mariusring using Norwegian data shows that a tax on wealth may cause households to save *more*. 1/3
👇
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State and gang rule are sometimes complements in security provision and dispute solving. In Medellín, Colombia, gangs exogenously closer to state presence in 1987 developed more governance over time, suggesting new ways to counter criminal governance.
1/2
👇
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``The slaughter and near-extinction of the bison in the late 19th century negatively impacted the dynamic path of development for the formerly bison-reliant Native American nations.''
From @DonnFeir, @robgillezeau and @MaggieECJones:
restud.com/the-slaughter-of-…
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📢 **REStud Page Limit**
With effect from 1st July 2022, a page limit policy applies to all submissions. Papers should be under 45 pages. Online appendices should not exceed 30 pages. A “grace period” is in place until 15th August 2022. For more details:
restud.com/submissions/#manu…
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Recently accepted to REStud, ``On the Economic Origins of Concerns over Women’s Chastity,'' from Anke Becker:
restud.com/on-the-economic-o…
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``Consumers are left-digit biased, buying as if $3.00 is 22 cent more expensive than $2.99. However, firms underestimate this bias and price heuristically, forgoing profits.''
Check out the new paper accepted by REStud, from @AvnerShlain:
restud.com/paper/more-than-a…
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REStud Tours, initiated in 1989, have since embodied REStud’s tradition of promoting original studies by young economists.
Here are the selected speakers for 2022 and summaries of their promising JMPs. 1/8
🧵
restud.com/restudtour/
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Ball @JohnsHopkins and Mankiw @Harvard extend the classic growth models of Solow and Diamond to include firms with market power, delivering new insights about the effects of government debt.
restud.com/paper/market-powe…
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"Political brokers use social networks to identify and target reciprocal non-copartisans for vote buying. Parties recruit brokers central in networks to sway persuadable voters."
From @rduartegonzalez, Finan, @HLarreguy, and @LauraASchechter:
restud.com/brokering-votes-w…
#REStud
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``We propose and quantify a dynamic economic assessment model of the world economy with high spatial resolution to study the cost of global warming and the importance of a variety of adaptation channels.''
From @jlcruzalv and @HansbergRossi:
restud.com/the-economic-geog…
#CarbonTax
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Recently published in REStud, ``The Effects of Partial Employment Protection Reforms: Evidence from Italy", from Daruich @USC, Di Addario @bancaditalia and Saggio @ubcVSE:
restud.com/paper/the-effects…
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Recently accepted to REStud, ``The Child Penalty Atlas" quantifies the unequal effects of parenthood on men and women’s employment in 134 countries.
From Henrik Kleven, @landais_camille & @LeiteMariante:
restud.com/the-child-penalty…
#Fertility, #Childcare, #Children, #Youth
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Recently accepted to #REStud, "Demand Shocks as Technology Shocks," from Bai, Ríos-Rull and Storesletten:
restud.com/demand-shocks-as-…
#econtwitter
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Do autonomous changes in consumer sentiments have macroeconomic impact? Lagerborg, Pappa and @MortenORavn find that the answer is yes, and that deteriorating sentiments are recessionary especially in terms of the impact on the labor market.
restud.com/paper/sentimental…
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Globalization & larger markets boost welfare via "Darwinian effect": 80% of scale gains come from better resource allocation, concentrating sales & employment in high-markup firms.
From @DBaqaee, Farhi and @ksangani8:
restud.com/the-darwinian-ret…
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``Empirically, government spending is more expansionary when financed with more progressive taxes. This can be replicated in a HANK model with realistic MPCs and labor supply elasticities.''
From @gmnavarro and @AxelleFerriere
restud.com/the-heterogeneous…
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"State schools aimed to secularize Indonesia, but religious schools adapted, competing for students and strengthening Islamic identity instead."
Recently accepted to #REStud, from @samuelbazzi, Hilmy and @benjaminmarx:
restud.com/religion-educatio…
#EconTwitter
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``Social interactions determine economic behaviour. We show how to recover social network structures from panel data that has no actual information on social ties between agents."
From @PaulaAureo, @ImranRasul3 and @pedroclsouza:
restud.com/identifying-netwo…
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Recently accepted to #REStud, "Behavioral Causal Inference," from Ran Spiegler:
restud.com/behavioral-causal…
#econtwitter
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Recently accepted to REStud, ``The Climate in Climate Economics: where economics meets climate physics,''
From Folini, @friedlale, Kübler and @comp_simon:
restud.com/the-climate-in-cl…
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Recently published in REStud, ``Fixed Effects and the Generalized Mundlak Estimator'',
From @ArkhangelskyD and @guido_imbens:
restud.com/fixed-effects-and…
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Recently accepted to REStud, ``Standard Errors for Calibrated Parameters," from Cocci @awscloud and Plagborg-Møller @PrincetonEcon:
restud.com/standard-errors-f…
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"Strong institutions provide comparative advantage in clean industries, and so improve a country’s environmental quality."
Recently accepted to #REStud, from @_josephshapiro @nber:
restud.com/institutions-comp…
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What makes a good manager good? We let the data tell us, and find that hard-to-observe things like attention and control have large effects on productivity, and are undervalued in manager pay. From @achadhvaryu, @AnantNyshadham and Tamayo:
restud.com/paper/managerial-…
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Recently accepted to REStud, ``Rational Expectations Models with Higher-Order Beliefs," from Huo & Takayama:
restud.com/rational-expectat…
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Credit matters for job search. Laid off workers with greater credit access take longer to find jobs but find higher paying jobs at better firms. Expanded credit since the '60s let young, constrained, high human capital workers find better jobs. Output & productivity improved. 👇
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``Slowing down automation can be justified on efficiency grounds when it displaces workers who are financially vulnerable.''
Recently accepted paper, from @MartinBeraja and @Nathan_Zorzi:
restud.com/inefficient-autom…
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Recently appeared in REStud, ``Left-Digit Bias at Lyft", from List @UChi_Economics @ANUmedia, Muir @lyft, Pope @ChicagoBooth, Sun @WUSTLbusiness:
#LeftDigitBias
restud.com/paper/left-digit-…
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New paper by Krishna Dasaratha models the formation of the social networks driving innovation. The main result is that the endogenous network is at a critical threshold implying large inefficiencies.
restud.com/paper/innovation-…
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Recently accepted to REStud, ``Outside Options in the Labor Market,'' from Caldwell and Danieli:
restud.com/outside-options-i…
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New paper by Alesina, @ArmMiano and @S_Stantcheva studies the link between people’s perceptions of immigrants & their views on redistribution. People have stark misperceptions about #immigrants that shape their views on #progressive policies.
restud.com/paper/immigration…
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Recently accepted to REStud, ``Who Are the Hand-to-Mouth?'' from Aguiar, Bils and Boar:
restud.com/who-are-the-hand-…
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Recently appeared in REStud, ``Testing the Production Approach to Markup Estimation", from Devesh Raval:
restud.com/paper/testing-the…
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``Home production hours of spouses have become more complementary over time, accounting for a significant part of the decline in gender inequality in Germany, while technological change in the labor market has fuelled inequality.''
From @pauliecalvo, Lindenlaub and Reynoso:
👇
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Recently accepted to #REStud, ``Job Displacement, Unemployment Benefits and Domestic Violence'' from Bhalotra, Britto, Pinotti and Sampaio:
restud.com/job-displacement-…
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Recently published in REStud, ``Stock Market Participation, Inequality, and Monetary Policy,'' from @davide_melc and Sterk:
restud.com/stock-market-part…
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Recently published in REStud, ``Deadly Debt Crises: COVID-19 in Emerging Markets'', from Arellano @MinneapolisFed, Bai @UofR and Mihalache @OSU_Econ:
restud.com/deadly-debt-crise…
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Socio-emotional skills training in primary school boosts educational careers. To find out more, check out this new paper from @giu_sorrenti, @uZoelitz, @denis_ribeaud and Eisner (@zproso, @JacobscenterUZH):
restud.com/the-causal-impact…
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Recently accepted to REStud, ``Markups and Inequality," from Boar and Midrigan:
restud.com/markups-and-inequ…
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``Democratic values and institutions travel across countries through economic integration with democratic partners".
New paper from Tabellini and Magistretti:
restud.com/economic-integrat…
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``How do social networks influence the decision to migrate? @jblumenstock, Chi, and Tan analyze a nation’s mobile phone logs, and find that dense networks matter more than extensive networks.''
restud.com/migration-and-the…
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Recently accepted to #REStud, ``The Long-Run Labor Market Effects of the Canada-U.S. Free Trade Agreement,'' from Kovak and Morrow:
restud.com/the-long-run-labo…
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Companies share rising profits with their employees. This, and not the attraction of more talent, has led to the surging wages of the financial sector over the past decades.
From @MichaelJBoehm, @Butchered_Data & @pellestromb:
restud.com/paper/since-youre…
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``Why do some democracies become illiberal? Why are some illiberal democracies resilient and others fall? When do they become autocracies? And how can we stop this process and preserve liberty? We have a theory.''
From @grattonecon and @bartonelee2:
restud.com/paper/liberty-sec…
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Recently accepted to REStud, ``The Impact of Online Competition on Local Newspapers: Evidence from the Introduction of Craigslist,'' from @MNDjourel
@RDurante_2020 @gregmartinphd:
restud.com/the-impact-of-onl…
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Recently accepted to REStud, ``On the family origins of human capital formation: Evidence from donor children," from Lundborg, Plug and Astrid Würtz-Rasmussen:
restud.com/on-the-family-ori…
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What drives the recent upsurge in industry automation?
In “Demographics and Automation,” Acemoglu and Restrepo show that rapidly aging countries have spearheaded the surge in automation, as the scarcity of workers fuels incentives for automation.
academic.oup.com/restud/arti…
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Does short time work save employment? @giulia_giupponi and @landais_camille show that it does, but its welfare effects depend crucially on the degree of persistence of the shock:
restud.com/paper/subsidizing…
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"Productivity is more dispersed across plants within firms than across firms. Rather than misallocation, this may reflect optimal reallocation of internal funds."
Recent paper from @MacroMatthias and Vincent:
restud.com/good-dispersion-b…
#econtwitter
#REStud
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Recently accepted to #REStud, ``Wealth Inequality and Asset Prices'' from Matthieu Gomez:
restud.com/wealth-inequality…
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``How politics is perceived matters for political selection & policy: when portrayed as enabling pro-social action ordinary people run for office, get elected, and make policies that reflect voter preferences.''
Recently accepted paper, from @saadgulzar and @yasirmkh 👇
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Recently accepted to #REStud, "Homeownership, Polarization, and Inequality," from Andrii Parkhomenko:
restud.com/homeownership-pol…
#EconTwitter
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"This study estimates the carbon-efficient forest cover in the Brazilian Amazon. A $10/ton carbon tax could preserve 95% of the efficient carbon stock, avoiding 42B tons of CO2 & yielding $1.6T in welfare gains."
New paper from @AraujoCRRafael, @_FranciscoCosta
& Sant'Anna:
👇
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Recently published in REStud, ``Gender Preferences in Job Vacancies and Workplace Gender Diversity,'' from Card @berkeleyecon , @FabriColella @USI_IDEP and @rlalive @HECLausanneEcon:
restud.com/gender-preference…
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``This paper studies the survival of millions of microenterprises amid competition from larger and more productive firms.''
From Miguel Angel Talamas Marcos (@MiguelTalamas):
restud.com/surviving-competi…
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.@FedericoHuneeus & Rogerson document heterogeneous industrialization experiences among recent developers, explain it with a benchmark model of structural change. Slow growth in agricultural productivity is a key driver of premature deindustrialization.
restud.com/heterogeneous-pat…
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Recently accepted to REStud, ``The Work-From-Home Technology Boon and its Consequences,'' from Davis, Ghent and Gregory:
restud.com/the-work-from-hom…
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*** Meet REStud North American 2025 Tourists! ***
The REStud North American Tour recognizes the most promising graduating doctoral students in economics and finance from European universities, and introduces them and their research to audiences in North America,
🧵
1/13
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``In a dynamic production network, temporary shocks to upstream sectors have disproportionately significant welfare impact compared to affected sectors’ size.''
From @ErnestLiuEcon and Tsyvinski:
restud.com/a-dynamic-model-o…
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``What are the origins of U.S. cities? I argue that trade in farm goods contributed substantially to the formation of cities and aggregate U.S. growth in the 19th century.''
From Dávid Krisztián Nagy @bse_barcelona @CREIResearch:
restud.com/paper/hinterlands…
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From Beuermann, @KiraboJackson, @Lnavarrosola &
@franciscopardop:
School effects are multidimensional. Effects on test scores are weakly related to effects on crime, teen births, and employment. (1/2)
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Technological change creates winners and losers. How should government policy respond? We provide a general theory of optimal technology regulation in a second–best world.
From Costinot and @IvanWerning:
restud.com/paper/robots-trad…
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.@daniela_vidart uses theory and newly digitized data to show that a key way through which electrification increased female labor force participation in the 1st half of 20th century in the U.S. was by creating labor market opportunities for skilled women.
restud.com/paper/human-capit…
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``In the United States, market hours worked are approximately flat across the wealth distribution. Accounting for this phenomenon is a standing challenge for standard heterogeneous-agent macro models. In these models, wealthier households consume more and work fewer hours.👇
1/3
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Recently published in REStud, ``How Exporters Grow'', from Fitzgerald, Haller and Yedid-Levi:
restud.com/how-exporters-gro…
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Recently accepted by REStud, ``We are all behavioral, more or less: A taxonomy of consumer decision making", by Stango and Zinman.
restud.com/paper/we-are-all-…
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``We develop a model of the international monetary system that centers on the international demand for safe dollar assets. The global financial cycle is a dollar cycle.''
From @ProfJiang, @HannoLustig and @ProfArvindKrish:
restud.com/dollar-safety-and…
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Since 2021, REStud has also sponsored a tour of North American universities by some of the most promising graduating doctoral students in economics and finance from European universities.
Here are the selected speakers for 2023 and summaries of their JMPs. 🧵
1/6
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``Imitative superiority seeking, wanting what others want more but cannot have, leads to a preference for objects and attributes that become scarcer and a motive for economic and social exclusion.''
From @alexoimas and @KristofMadaras1:
restud.com/superiority-seeki…
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Recently accepted to #REStud, "Barriers to Entry and Regional Economic Growth in China," from Brandt, Kambourov, and Storesletten:
restud.com/barriers-to-entry…
#econtwitter #China #SOE
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Recently published in ReStud: ``Measuring Unfair Inequality: Reconciling Equality of Opportunity and Freedom from Poverty'' by @PaulHufe @RaviKanbur and @APeichl who introduce a new measure of unfair inequality and apply it to data from the US and the EU
restud.com/paper/measuring-u…
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Recently accepted to #REStud, "How People Use Statistics" from Bordalo, Conlon, Gennaioli, Kwon, and Shleifer:
restud.com/how-people-use-st…
#EconTwitter
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"What are the consequences of the psychological costs of financial constraints in a dynamic consumption-saving-labor supply model calibrated to survey evidence?"
Recently accepted to #REStud, from @d_sergeyev, @ChenLian92 & @YGorodnichenko:
restud.com/the-economics-of-…
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``When people need to talk to others to understand news, seeding a message with fewer people can make for better diffusion and learning, both in theory and in a field experiment.''
From Banerjee, @emilybreza, Chandrasekhar and @ben_golub:
restud.com/when-less-is-more…
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Do we hold others responsible for their choices even when these choices have been shaped by unfair unequal circumstances?
Yes, we do, suggests "Shallow Meritocracy" from Peter Andre (@ptr_andre), recently accepted at REStud.
restud.com/shallow-meritocra…
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Electoral turnovers improve countries' performance and foster accountability. Their effects are investigated in a new paper by @benjaminmarx, @VinPons, and @vincent_rollet, who built a database of all presidential and parliamentary elections since 1945. (1/2)
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In a new paper, Markevich, Naumenko, and Qian estimate that 77% of deaths in the 1933 Soviet famine can be explained by bias against ethnic Ukrainians.
restud.com/the-causes-of-ukr…
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``Sovereign risk and nominal rigidities generate a macro-stabilization hedging motive for holding international reserves, leading to higher reserve accumulation in fixed exchange rate regimes.''
From @JavierBianchi7 and @cesarspa1:
restud.com/reserve-accumulat…
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