Accepted Papers

The Review of Economic Studies is one of the most highly respected academic journals in the field of economics. It is known for publishing leading research in all areas of economics, from microeconomics to macroeconomics. The journal is published by the Oxford University Press.

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Spatial Implications of Telecommuting

Matthew J. Delventhal and Andrii Parkhomenko

We build a quantitative spatial model in which some workers can substitute on-site effort with work done from home. Ability and propensity to telecommute vary by education and industry. We quantify our framework to match the distribution of jobs and residents across 4,502 U.S. locations. Then we simulate permanent increases in the attractiveness and productivity of telework that lead to greater adoption of hybrid and fully remote work.

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A Temporary VAT Cut as Unconventional Fiscal Policy

Ruediger Bachmann, Benjamin Born, Olga Goldfayn-Frank, Georgi Kocharkov, Ralph Luetticke, and Michael Weber

We exploit Germany’s temporary three-percentage-point VAT cut in the second half of 2020 to study the spending response to unconventional fiscal policy. We use survey and scanner data on household consumption expenditures and their perceived pass-through of the tax change into prices, and a HANK model to quantify the effects of this VAT policy.

New

Competing under Information Heterogeneity: Evidence from Auto Insurance

Marco Cosconati, Yi Xin, Fan Wu, and Yizhou Jin

This paper studies competition under information heterogeneity in selection markets and examines the impact of public information regulations aimed at reducing information asymmetries between competing firms. We develop a novel model and introduce new empirical strategies to analyze imperfect competition in markets where firms have heterogeneous information about consumers, vary in cost structures, and offer differentiated products.

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Pigovian Transport Pricing in Practice

Beat Hintermann, Beaumont Schoeman, Joseph Molloy, Thomas Götschi, Alberto Castro, Christopher Tchervenkov, Uros Tomic, and Kay W. Axhausen

We implement Pigovian transport pricing in a field experiment in urban agglomerations of Switzerland over the course of 8 weeks. Our pricing considers the external costs from climate damages, health outcomes from pollution, accidents and physical activity, and congestion. It varies across time, space and mode of transport and is deducted from a budget provided to GPS-tracked participants.

New

The Architecture of Social Networks and the Diffusion of Innovations

Bryony Reich

For many technologies and behaviors, an agent’s benefit from adopting depends on his contacts adopting, and the benefit to his contacts of adopting depends on their contacts adopting. This paper examines how the architecture of these connections shapes the success or failure of the diffusion of innovations. We start with a standard model of diffusion with the key addition that some agents can coordinate their decisions. This captures the idea that people often talk and make decisions together with friends or family to adopt technologies.

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Improve your economic data analysis by using jackknife standard errors under clustering. This is a minor code change, and can lead to greatly improved inference. This paper provides the theoretical foundation.

New paper by @BruceEHansen

https://www.restud.com/jackknife-standard-errors-for-clustered-regression/

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From 1 June 2026, the submission fee for the Review of Economic Studies will increase to USD 250, with the reduced student rate increasing to USD 150.

Full details are available on our website.

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New paper by Aneja, Farina, and Xu:

https://www.restud.com/closing-gender-gaps-through-workplace-diversity-the-intergenerational-effects-of-world-war-i/

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A new tractable model with persistent, spatially correlated utility explains a new fact about how migration evolves over time, with implications for dynamics and welfare.

New paper by @greg_l_howard & Shao:

https://www.restud.com/the-dynamics-of-internal-migration-a-new-fact-and-its-implications/

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