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.

View published articles on Oxford University Press

New

Aspiring to a Better Future: Can a Simple Psychological Intervention Reduce Poverty?

Kate Orkin, Robert Garlick, Mahreen Mahmud, Richard Sedlmayr, Johannes Haushofer, and Stefan Dercon

Do higher aspirations for the future motivate people living in poverty to make long-term investments? Do their aspirations increase when economic conditions improve? To answer these questions, we run a 415-village field experiment with 8,300 women living in poverty in rural Kenya. We design an 80-minute workshop to help people set higher aspirations and plan to achieve them.

New

Stockups, Stockouts, and the Role for Strategic Reserves

Brett Green, Cyrus Mevorach, and Curtis R. Taylor

We study how supply disruptions interact with monopoly pricing, inventory management, and consumer stockpiling in a continuous-time model. Preemption incentives—consumers prefer to stock up before a price hike while the firm prefers to hike before consumers stock up—lead to an equilibrium with gradual stockpiling and endogenous uncertainty over the timing of a price hike, which can trigger a run at the disruption onset.

New

Equity Frictions and Firm Ownership

Alessandra Peter

In this paper, I document systematic heterogeneity in ownership and financing of firms across Eurozone countries. To rationalize these differences, I build a quantitative general equilibrium model of workers and entrepreneurs who choose debt and equity financing of their firms, subject to rich country-specific financial frictions. The novel data on firm ownership and financing, combined with the structure of the model, allows me to quantify the level of debt and equity frictions in each country.

New

Public Employee Pensions and Municipal Insolvency

Sean Myers

This paper studies how municipal governments jointly manage spending, credit market borrowing, and a public employee pension system. I model governments as levered investors who must meet non-defaultable pension obligations and may value government spending more than citizens. I quantify the model using data on California cities, including a new record of fiscal emergencies, tax increases required to maintain essential city services.

New

Daddy’s Girl: Daughters, Managerial Decisions, and Gender Inequality

Maddalena Ronchi and Nina Smith

Using Danish registry data, we study how managers’ gender attitudes shape gender inequality in the workplace by exploiting the birth of a daughter – as opposed to a son – as a plausibly exogenous shock to male managers’ gender attitudes. Comparing within-firm changes in women’s labor outcomes depending on the gender of the manager’s newborn child, we find that women’s relative earnings and employment increase by 4.4% and 2.9% respectively following the birth of the manager’s first daughter.

Follow us

The Review of Economic Studies Follow

The official account of the Review of Economic Studies, one of the world's top economics journals.

RevEconStudies

New paper by @kateorkin, Garlick, @mahreenmahmud, Sedlmayr, @jhaushofer, & Dercon

https://www.restud.com/aspiring-to-a-better-future-can-a-simple-psychological-intervention-reduce-poverty/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2098025705703350301 Retweet on Twitter 2098025705703350301 4 Like on Twitter 2098025705703350301 25 Twitter 2098025705703350301

How do firms set wages when they can legally wage discriminate? Evidence from minimum wage reform shows firms raise pay for unbound workers, reflecting pay equity considerations.

New paper by @giulia_giupponi & @s_machin_

https://www.restud.com/company-wage-policy-in-a-low-wage-labor-market/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2097632498477875610 Retweet on Twitter 2097632498477875610 10 Like on Twitter 2097632498477875610 44 Twitter 2097632498477875610

Across Europe, even public firms have concentrated ownership, with big cross-country variation. Equity frictions matter more than debt frictions for output and wealth inequality.

New paper by @Ale_M_Peter

https://www.restud.com/equity-frictions-and-firm-ownership/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2097211816644432297 Retweet on Twitter 2097211816644432297 6 Like on Twitter 2097211816644432297 37 Twitter 2097211816644432297

Services like software & R&D are reshaping production networks. Using a novel approach to measure sectoral prices, @nichiflu, Gorry & @C_vom_lehn show this shift can sustain economic growth.

https://www.restud.com/structural-change-in-production-networks-and-economic-growth/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2096852722691543435 Retweet on Twitter 2096852722691543435 25 Like on Twitter 2096852722691543435 104 Twitter 2096852722691543435