Accepted Papers

Save, Spend or Give? A Model of Housing, Family Insurance, and Savings in Old Age

12 December 2022

Daniel Barczyk, Sean Fahle, and Matthias Kredler

How do housing and family shape the savings, spending, and inter-generational transfer behavior of the elderly?

Hazed and Confused: The Effect of Air Pollution on Dementia

4 December 2022

Kelly C. Bishop, Jonathan D. Ketcham, and Nicolai V. Kuminoff

We study whether long-term cumulative exposure to airborne small particulate matter (PM2.5) affects the probability that an individual receives a new diagnosis of Alzheimer’s disease or related dementias.

“Since You’re So Rich, You Must Be Really Smart”: Talent, Rent Sharing, and the Finance Wage Premium

4 December 2022

Michael J. Böhm, Daniel Metzger, and Per Strömberg

Financial sector wages have increased extraordinarily over the last decades. We address two potential explanations for this increase: (1) rising demand for talent and (2) firms sharing rents with their employees.

Learning from Neighbors about a Changing State

9 November 2022

Krishna Dasaratha, Benjamin Golub, and Nir Hak

Agents learn about a changing state using private signals and their neighbors’ past estimates of the state. We present a model in which Bayesian agents in equilibrium use neighbors’ estimates simply by taking weighted sums with time-invariant weights.

Robots, Trade, and Luddism: A Sufficient Statistic Approach to Optimal Technology Regulation

30 October 2022

Arnaud Costinot and Ivan Werning

Technological change, from the advent of robots to expanded trade opportunities, creates winners and losers. How should government policy respond?

IQ, Expectations, and Choice

26 October 2022

Francesco D'Acunto, Daniel Hoang, Maritta Paloviita, and Michael Weber

We use administrative and survey-based micro data to study the relationship between cognitive abilities (IQ), the formation of inflation expectations, and the consumption plans of a representative male population.

Optimal Feedback in Contests

23 October 2022

Jeffrey C. Ely, George Georgiadis, Sina Khorasani, and Luis Rayo

We obtain optimal dynamic contests for environments where the designer monitors effort through coarse, binary signals—Poisson successes—and aims to elicit maximum effort, ideally in the least amount of time possible, given a fixed prize.

Price Discrimination in the Information Age: Prices, Poaching, and Privacy with Personalized Targeted Discounts

23 October 2022

Simon Anderson, Alicia Baik and Nathan Larson

We study list price competition when firms can individually target consumer discounts (at a cost) afterwards, and we address recent privacy regulation (like the GDPR) allowing consumers to choose whether to opt-in to targeting.

The Review of Economic Studies Follow

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

New paper by Lee:

https://www.restud.com/identification-and-estimation-of-dynamic-random-coefficient-models/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2049790410055094689 Retweet on Twitter 2049790410055094689 7 Like on Twitter 2049790410055094689 14 Twitter 2049790410055094689

Manager pay and pay inequality have increased substantially since the 1980s. Manager pay reflect that managers increase the firm’s productivity which in turn affects market power.

New paper by @jan_eeckhout, Bao, and De Loecker

https://www.restud.com/manager-pay-inequality-and-market-power/

#REStud
#EconX

Reply on Twitter 2049104488686878800 Retweet on Twitter 2049104488686878800 13 Like on Twitter 2049104488686878800 35 Twitter 2049104488686878800

Uniform asymptotic theory for local projections with unknown/infinite lag order. LPs can achieve semiparametric efficiency and support robust IRF inference.

New paper by Xu:

https://www.restud.com/local-projection-based-inference-under-general-conditions/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2048673594721374442 Retweet on Twitter 2048673594721374442 15 Like on Twitter 2048673594721374442 53 Twitter 2048673594721374442

Monopsony power makes productive firms decide to stay small, hurting aggregate productivity. More strongly size-dependent wages in East Germany explain a third of the difference to the West.

New paper by @BachmannRudi, @christianbaye13, Stüber, and Wellschmied

Reply on Twitter 2047620181963280444 Retweet on Twitter 2047620181963280444 39 Like on Twitter 2047620181963280444 163 Twitter 2047620181963280444