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 Responsive are Wages to Firm-Specific Changes in Labor Demand? Evidence from Idiosyncratic Export Demand Shocks

Andrew Garin and Filipe Silvério

Do firms adjust wages in response to changes in their own demand level, or to changes in competitive pressure from rival employers? We study how exporters adjust wages in response to unexpected product demand shocks during the 2008–2009 Great Recession. Using rich data on Portuguese firms’ pre-recession export shipments, we measure firm-level shocks to export demand during the Recession.

Changes in Social Network Structure in Response to Exposure to Formal Credit Markets

Abhijit Banerjee, Emily Breza, Arun G. Chandrasekhar, Esther Duflo, Matthew O. Jackson, and Cynthia Kinnan

We show that the entry of formal financial institutions can have far-reaching and long-lasting impacts on informal lending and social networks more generally. We first study the introduction of microfinance in 75 villages in Karnataka, India, 43 of which were exposed to microfinance. Using difference-in-differences, we show that networks shrank more in exposed villages.

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Recently accepted to #REStud, "Making Decisions under Model Misspecification," from Cerreia-Vioglio, @UncertainLars , Maccheroni and Marinacci:

https://www.restud.com/making-decisions-under-model-misspecification/

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Recently accepted to #REStud, "Demand Shocks as Technology Shocks," from Bai, Ríos-Rull and Storesletten:

https://www.restud.com/demand-shocks-as-technology-shocks/

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Recently accepted to #REStud, "Pseudo Lindahl Equilibrium as a Collective Choice Rule," from Gul and Pesendorfer:

https://www.restud.com/pseudo-lindahl-equilibrium-as-a-collective-choice-rule/

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Excited to have my first paper appear in REStud - five years in the making! Paul Milgrom and I show how to extend Walrasian mechanisms to nonconvex markets - with only one additional parameter needed to assure existence.

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