Accepted Papers

Hours Constraints, Occupational Choice and Gender: Evidence from Medical Residents

1 July 2022

Melanie Wasserman

Do the long work hours required by many high-paying professions inhibit the entry of women?

Wall Street and Silicon Valley: A Delicate Interaction

1 July 2022

George-Marios Angeletos, Guido Lorenzoni and Alessandro Pavan

Entrepreneurs and venture capitalists are concerned about investors’ beliefs in asset markets because these beliefs shape the value of a potential IPO and the possibility to expand.

Belief Convergence under Misspecified Learning: A Martingale Approach

1 July 2022

Mira Frick, Ryota Iijima and Yuhta Ishii

We present an approach to analyse learning outcomes in a broad class of misspecified environments, spanning both single-agent and social learning

Marginal Jobs and Job Surplus: A Test of the Efficiency of Separations

1 July 2022

Simon Jäger, Benjamin Schoefer and Josef Zweimüller

We present a test of Coasean theories of efficient separations.

Matching in Dynamic Imbalanced Markets

1 July 2022

Itai Ashlagi, Afshin Nikzad and Philipp Strack

We study dynamic matching in exchange markets with easy- and hard-to-match agents.

Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinance Program

25 June 2022

Sumit Agarwal, Gene Amromin, Souphala Chomsisengphet, Tim Landvoigt, Tomasz Piskorski, Amit Seru and Vincent Yao

We examine the ability of the government to impact mortgage refinancing activity and spur consumption by focusing on the Home Affordable Refinance Program (HARP).

A Risk-based Theory of Exchange Rate Stabilization

25 June 2022

Tarek A. Hassan, Thomas M. Mertens and Tony Zhang

We develop a novel, risk-based theory of the effects of exchange rate stabilization. In our model, the choice of exchange rate regime allows policymakers to make their currency, and by extension, the firms in their country, a safer investment for international investors.

Economic and Social Outsiders but Political Insiders: Sweden’s Populist Radical Right

25 June 2022

Ernesto Dal Bo, Frederico Finan, Olle Folke, Torsten Persson and Johanna Rickne

We study the politicians and voters of the Sweden Democrats, a major populist radical-right party. Based on detailed administrative data, we present the first comprehensive account of which politicians are selected into such a party.

The Review of Economic Studies Follow

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

"A new method for identifying and estimating consumer preferences when choice sets are constrained due to selection or search, but are not observed"

New paper by Agarwal & Somaini:

https://www.restud.com/demand-analysis-under-latent-choice-constraints/

#econtwitter #REStud

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Cities surrounded by expensive farmland are denser and agricultural productivity growth has lowered urban density over time in France. Our multi-region structural change framework can explain it.

New paper by Coeurdacier, @teignier & @FlorianOswald

https://www.restud.com/structural-change-land-use-and-urban-expansion/

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🏠Transaction taxes don’t just cool housing—they reshape it. Same rate, different impact: investors buy more, households less. Result: lower ownership and welfare losses of 111% of tax revenue.

New paper from Han, Ngai & Sheedy:

https://www.restud.com/to-own-or-to-rent-the-effects-of-transaction-taxes-on-housing-markets/

#econtwitter #REStud

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Slum upgrading is a common policy to help residents, but it can delay redevelopment into formal neighborhoods. Evidence from the largest program highlights the tradeoff: central upgrading can entail long-run opportunity costs.

New paper by Harari & Wong:
https://www.restud.com/slum-upgrading-and-long-run-urban-development-evidence-from-indonesia/

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Hours Constraints, Occupational Choice and Gender: Evidence from Medical Residents

Wall Street and Silicon Valley: A Delicate Interaction

Belief Convergence under Misspecified Learning: A Martingale Approach

Marginal Jobs and Job Surplus: A Test of the Efficiency of Separations

Matching in Dynamic Imbalanced Markets

Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinance Program

A Risk-based Theory of Exchange Rate Stabilization

Economic and Social Outsiders but Political Insiders: Sweden’s Populist Radical Right

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