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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Gendered Spheres of Learning and Household Decision-Making over Fertility

Nava Ashraf, Maxim Bakhtin, Erica Field, Alessandra Voena, and Roberta Ziparo

While men and women make joint decisions about fertility, women give birth and are more likely to learn about a significant cost of childbearing—maternal health risk. Within couples in Zambia, men have systematically lower awareness of maternal risk factors and higher desire for children than their wives. We develop a model in which information asymmetries between partners over maternal health risk can persist in equilibrium due to strategic incentives and can generate disagreement over fertility that cannot be resolved with transfers.

New

Identification Of Time-Inconsistent Models: The Case Of Insecticide Treated Nets

Aprajit Mahajan, Christian Michel, and Alessandro Tarozzi

Time-inconsistency may play a central role in explaining inter-temporal behavior, particularly among poor households. However, little is known about the distribution of time-inconsistent agents, and time-preference parameters are typically not identified in standard dynamic choice models. We formulate a dynamic discrete choice model in an unobservedly heterogeneous population of possibly time-inconsistent agents.

New

Decision Theory for Treatment Choice Problems with Partial Identification

José Luis Montiel Olea, Chen Qiu, and Jörg Stoye

We apply classical statistical decision theory to a large class of treatment choice problems with partial identification. We show that, in a general class of problems with Gaussian likelihood, all decision rules are admissible; it is maximin-welfare optimal to ignore all data; and, for severe enough partial identification, there are infinitely many minimax-regret optimal decision rules, all of which sometimes randomize the policy recommendation.

New

Do The Effects of Nudges Persist? Theory and Evidence from 38 Natural Field Experiments

Alec Brandon, Paul Ferraro, John A. List, Robert D. Metcalfe, Michael K. Price, and Florian Rundhammer

We formalize a research design to uncover the mechanisms underlying long-term reductions in energy consumption caused by a widely implemented nudge. We consider two channels: technology adoption and habit formation. Using data from 38 natural field experiments, we isolate the role of technology adoption by comparing treatment and control homes after the initial resident moves, which discontinues the treatment for a home.

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Improve your economic data analysis by using jackknife standard errors under clustering. This is a minor code change, and can lead to greatly improved inference. This paper provides the theoretical foundation.

New paper by @BruceEHansen

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From 1 June 2026, the submission fee for the Review of Economic Studies will increase to USD 250, with the reduced student rate increasing to USD 150.

Full details are available on our website.

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New paper by Aneja, Farina, and Xu:

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A new tractable model with persistent, spatially correlated utility explains a new fact about how migration evolves over time, with implications for dynamics and welfare.

New paper by @greg_l_howard & Shao:

https://www.restud.com/the-dynamics-of-internal-migration-a-new-fact-and-its-implications/

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