Accepted Papers

Bilateral Trade Imbalances

1 May 2023

Alejandro Cuñat and Robert Zymek

If sectoral trade flows obey structural gravity, countries’ bilateral trade imbalances are the result of macro trade imbalances, “triangular trade”, or pairwise asymmetric trade barriers. Using data for 40 major economies and the Rest of the World, we show that large and pervasive asymmetries in trade barriers are required to account for most of the observed variation in bilateral imbalances.

Optimal Long-Term Health Insurance Contracts: Characterization, Computation, and Welfare Effects

1 May 2023

Soheil Ghili, Benjamin Handel, Igal Hendel, and Michael Whinston

Reclassification risk is a major concern in health insurance where contracts are typically one year in length but health shocks often persist for much longer. While most health systems with private insurers pair short-run contracts with substantial pricing regulations to reduce reclassification risk, long-term contracts with one-sided insurer commitment have significant potential to reduce reclassification risk without the negative side effects of price regulation, such as adverse selection.

Mortgage Design and Slow Recoveries. The Role of Recourse and Default.

1 May 2023

Pedro Gete and Franco Zecchetto

We show that mortgage recourse systems, by discouraging default, magnify the impact of nominal rigidities. They cause deeper and more persistent recessions. This mechanism can account for up to 31% of the recovery gap during the Great Recession between the U.S., mostly a non-recourse economy, and Spain, a recourse economy.

Demand and Welfare Analysis in Discrete Choice Models with Social Interactions

27 April 2023

Debopam Bhattacharya, Pascaline Dupas, and Shin Kanaya

Many real-life settings of individual choice involve social interactions, causing targeted policies to have spillover effects. This paper develops novel empirical tools for analyzing demand and welfare effects of policy interventions in binary choice settings with social interactions.

Income growth and the distributional effects of urban spatial sorting

19 April 2023

Victor Couture, Cécile Gaubert, Jessie Handbury, and Erik Hurst

We explore the impact of rising incomes at the top of the distribution on spatial sorting patterns within large U.S. cities. We develop and quantify a spatial model of a city with heterogeneous agents and non-homothetic preferences for neighborhoods with endogenous amenity quality.

Fair Matching under Constraints: Theory and Applications

17 April 2023

Yuichiro Kamada and Fuhito Kojima

This paper studies a general model of matching with constraints. Observing that a stable matching typically does not exist, we focus on feasible, individually rational, and fair matchings. We characterize such matchings by fixed points of a certain function.

Diversity in Schools: Immigrants and the Educational Performance of U.S.-Born Students

17 April 2023

David Figlio, Paola Giuliano, Riccardo Marchingiglio, Umut Ozek, and Paola Sapienza

We study the effect of exposure to immigrants on the educational outcomes of U.S.-born students, using a unique dataset combining population-level birth and school records from Florida. This research question is complicated by substantial school selection of U.S.-born students, especially among White and comparatively affluent students, in response to the presence of immigrant students in the school.

The 2000s Housing Cycle With 2020 Hindsight: A Neo-Kindlebergerian View

12 April 2023

Gabriel Chodorow-Reich, Adam M. Guren, and Timothy J. McQuade

With “2020 hindsight,” the 2000s housing cycle is not a boom-bust but a boom-bust- rebound. Using a spatial equilibrium regression in which house prices are determined by income, amenities, urbanization, and supply, we show that long-run city-level fundamentals predict not only 1997-2019 price and rent growth but also the amplitude of the boom-bust-rebound.

Notice: Undefined index: screen_name in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 40

Notice: Undefined index: verified in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/templates/header.php on line 21

Notice: Undefined index: profile_image_url_https in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 371

RevEconStudies Follow

Notice: Undefined offset: 0 in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CtfFeed.php on line 1924

Notice: Undefined offset: 0 in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/templates/item.php on line 12

Notice: Undefined offset: 0 in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Display_Elements.php on line 22

Notice: Trying to access array offset on value of type null in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 67

Notice: Trying to access array offset on value of type null in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 67

Notice: Trying to access array offset on value of type null in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 67

Notice: Trying to access array offset on value of type null in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 67

Notice: Trying to access array offset on value of type null in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 31

Notice: Undefined offset: 0 in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/templates/item.php on line 18

Notice: Undefined offset: 0 in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/templates/item.php on line 19

Notice: Trying to access array offset on value of type null in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 58

Notice: Trying to access array offset on value of type null in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 58

Notice: Trying to access array offset on value of type null in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 67

Notice: Trying to access array offset on value of type null in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 67

Notice: Trying to access array offset on value of type null in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 27

Notice: Trying to access array offset on value of type null in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 136

Notice: Trying to access array offset on value of type null in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 136

Notice: Trying to access array offset on value of type null in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 145

Notice: Trying to access array offset on value of type null in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 154

Notice: Trying to access array offset on value of type null in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 154

Notice: Trying to access array offset on value of type null in /home/restudkddevco/public_html/wp-content/plugins/custom-twitter-feeds/inc/CTF_Parse.php on line 145

@ ·

now

Reply on Twitter Retweet on Twitter Like on Twitter Twitter

Bilateral Trade Imbalances

Optimal Long-Term Health Insurance Contracts: Characterization, Computation, and Welfare Effects

Mortgage Design and Slow Recoveries. The Role of Recourse and Default.

Demand and Welfare Analysis in Discrete Choice Models with Social Interactions

Income growth and the distributional effects of urban spatial sorting

Fair Matching under Constraints: Theory and Applications

Diversity in Schools: Immigrants and the Educational Performance of U.S.-Born Students

The 2000s Housing Cycle With 2020 Hindsight: A Neo-Kindlebergerian View

Follow us