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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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.

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Standard NK models find optimal inflation well below 2%, small welfare losses from business cycles and monetary policy is neutral in the long run.

In a new paper, @mirkoabbritti, @egostino and Weber show all three conclusions break with endogenous growth & DNWR.

1/5

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New paper by Altmann, Glenny, Mahlstedt, & Sebald

https://www.restud.com/the-direct-and-indirect-effects-of-online-job-search-advice/

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New paper by De Loecker & Scott

https://www.restud.com/markup-estimation-using-production-and-demand-data-an-application-to-the-us-brewing-industry/

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Next up: Amen Jalal (@amenjalal_), London School of Economics.

Amen is an Academy Scholar at the Harvard Academy and works on development, environmental, and labor economics. She will join Harvard Kennedy School in August 2027.

7/12

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