Accepted Papers

Human Capital, Female Employment, and Electricity: Evidence from the Early 20th-Century United States

12 February 2023

Daniela Vidart

This paper revisits the link between electrification and the rise in female labor force participation (LFP), and presents theoretical and empirical evidence showing that electrification triggered a rise in female LFP by increasing market opportunities for skilled women.

The Cost of Wage Rigidity

12 February 2023

Ester Faia and Vincenzo Pezone

Private efficiency of wage rigidity has taken center stage in economics. Measuring its effects has proven elusive for lack of actual wage data.

Dynamic Asset-Backed Security Design

12 February 2023

Emre Ozdenoren, Kathy Yuan, and Shengxing Zhang

Borrowers obtain liquidity by issuing securities backed by the current period payoff and resale price of a long-lived collateral asset, and they are privately informed about the payoff distribution.

A Theory of Falling Growth and Rising Rents

9 February 2023

Philippe Aghion, Antonin Bergeaud, Timo Boppart, Peter J. Klenow, and Huiyu Li

Growth has fallen in the U.S. amid a rise in firm concentration. Market share has shifted to low labor share firms, while within-firm labor shares have actually risen.

Risk Classification in Insurance Markets with Risk and Preference Heterogeneity

9 February 2023

Vitor Farinha Luz, Piero Gottardi, and Humberto Moreira

This paper studies a competitive model of insurance markets in which consumers are privately informed about their risk and risk preferences. We provide a characterization of the equilibria, which depend non-trivially on consumers’ type distribution, a desirable feature for policy analysis.

Left-Digit Bias at Lyft

8 February 2023

John A. List, Ian Muir, Devin Pope, and Gregory Sun

Left-digit bias (or 99-cent pricing) has been discussed extensively in economics, psychology, and marketing. Despite this, we show that the rideshare company, Lyft, was not using a 99-cent pricing strategy prior to our study.

The Lost Capital Asset Pricing Model

8 February 2023

Daniel Andrei, Julien Cujean, and Mungo Wilson

We provide a novel explanation for the empirical failure of the CAPM despite its widespread practical use. In a rational-expectations economy in which information is dispersed, variation in expected returns over time and across investors creates an informational gap between investors and the empiricist.

The Effects of Partial Employment Protection Reforms: Evidence from Italy

5 February 2023

Diego Daruich, Sabrina Di Addario, and Raffaele Saggio

We combine matched employer-employee data with firms’ financial records to study a 2001 Italian reform that lifted constraints on the employment of temporary contract workers while maintaining rigid employment protection regulations for employees hired under permanent contracts.

The Review of Economic Studies Follow

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

New apper by Atal, Cuesta, & Sæthre

https://www.restud.com/quality-regulation-and-competition-evidence-from-pharmaceutical-markets/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2112437553475309568 Retweet on Twitter 2112437553475309568 9 Like on Twitter 2112437553475309568 21 Twitter 2112437553475309568

New paper by Melcangi

https://www.restud.com/the-marginal-propensity-to-hire/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2112077217832316967 Retweet on Twitter 2112077217832316967 9 Like on Twitter 2112077217832316967 57 Twitter 2112077217832316967

New paper by Cavenaile, Celik, & Tian

https://www.restud.com/are-markups-too-high-competition-strategic-innovation-and-industry-dynamics/

#REStud
#EconX
#EconTwitter

Reply on Twitter 2111040312558649794 Retweet on Twitter 2111040312558649794 14 Like on Twitter 2111040312558649794 48 Twitter 2111040312558649794

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

Reply on Twitter 2108101870762017073 Retweet on Twitter 2108101870762017073 28 Like on Twitter 2108101870762017073 122 Twitter 2108101870762017073

Human Capital, Female Employment, and Electricity: Evidence from the Early 20th-Century United States

The Cost of Wage Rigidity

Dynamic Asset-Backed Security Design

A Theory of Falling Growth and Rising Rents

Risk Classification in Insurance Markets with Risk and Preference Heterogeneity

Left-Digit Bias at Lyft

The Lost Capital Asset Pricing Model

The Effects of Partial Employment Protection Reforms: Evidence from Italy

Follow us