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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How Credit Constraints Impact Job Finding Rates, Sorting & Aggregate Output

Kyle Herkenhoff, Gordon Phillips, and Ethan Cohen-Cole

How do consumer credit markets affect the allocation of workers to firms, output, and labor productivity? We address this question in two steps. First, we use new microdata to estimate empirical elasticities of job search patterns to credit. Second, we estimate our novel theory of sorting under risk aversion to match these elasticities, and then we conduct aggregate counterfactuals.

Multi-Dimensional Screening: Buyer-Optimal Learning and Informational Robustness

Rahul Deb and Anne-Katrin Roesler

A monopolist seller of multiple goods screens a buyer whose type vector is initially unknown to both but drawn from a commonly known prior distribution. The seller chooses a mechanism to maximize her worst-case profits against all possible signals from which the buyer can learn about his values for the goods. We show that it is robustly optimal for the seller to bundle goods with identical demands (these are goods that can be permuted without changing the buyer’s prior type distribution).

Competition and Career Advancement

Julian V. Johnsen, Hyejin Ku, and Kjell G. Salvanes

In standard promotion tournaments, contestants are ranked based on their output or productivity. We argue that workers’ career progression may also depend on their relative rankings in dimensions a priori unrelated to their job performance, such as visibility or in-person presence. Such implicit tournaments may rationalize a variety of seemingly counterproductive practices in the workplace, including long working hours, low uptake of statutory leave, and presenteeism.

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Our paper on Amazon deforestation is out! Grateful to everyone who helped along the way. I'd like to highlight one thing that made a huge difference: clear and thoughtful guidance from the editor.

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Using frailty as the measure of health, a new paper by @roozbeh52, @KopeckyEcon and Zhao, recently accepted to #REStud, finds that health inequality accounts for 28 percent of lifetime earnings inequality.

https://www.restud.com/how-important-is-health-inequality-for-lifetime-earnings-inequality/

#EconSky #health #frailty #disability

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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 accepted to #REStud, "Barriers to Entry and Regional Economic Growth in China," from Brandt, Kambourov, and Storesletten:

https://www.restud.com/barriers-to-entry-and-regional-economic-growth-in-china/

#econtwitter #China #SOE

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