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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.

Regional Consumption Responses and the Aggregate Fiscal Multiplier

5 February 2023

Bill Dupor, Marios Karabarbounis, Marianna Kudlyak, and M. Saif Mehkari

We use regional variation in the American Recovery and Reinvestment Act (2009-2012) to analyze the effect of government spending on consumer spending.

Down the River: Glyphosate Use in Agriculture and Birth Outcomes of Surrounding Populations

30 January 2023

Mateus Dias, Rudi Rocha, and Rodrigo R. Soares

This paper documents an externality from the agricultural use of the most widely applied herbicide in the world—glyphosate—on birth outcomes of surrounding populations.

Central Bank Balance Sheet Policies Without Rational Expectations

30 January 2023

Luigi Iovino and Dmitriy Sergeyev

We study the effects of central bank balance sheet policies—namely, quantitative easing and foreign exchange interventions—in a model where people form expectations through an iterative level-k thinking process.

Stalled Racial Progress and Japanese Trade in the 1970s and 1980s

24 January 2023

Mary Kate Batistich and Timothy N. Bond

We assess the impact of a rapid rise in Japanese import competition on the growth in racial earnings and employment gaps during the 1970s and 80s.

Hinterlands, city formation and growth: Evidence from the U.S. westward expansion

24 January 2023

Dávid Krisztián Nagy

I study how geography shaped city formation and aggregate development in the United States prior to the Civil War. To guide my analysis, I present a conjecture that cities’ farm hinterlands fostered both city development and aggregate growth: the hinterland hypothesis.

Estimating Production Functions of Multiproduct Firms

22 January 2023

Nelli Valmari

Multiproduct firms constitute a considerable share of firms and account for an even greater share of production. Nevertheless, the vast majority of production function estimates are based on the assumption that firms are single-product manufacturers.

Inference for Ranks with Applications to Mobility across Neighborhoods and Academic Achievement across Countries

22 January 2023

Magne Mogstad, Joseph P. Romano, Azeem M. Shaikh, and Daniel Wilhelm

It is often desired to rank different populations according to the value of some feature of each population. For example, it may be desired to rank neighborhoods according to some measure of intergenerational mobility or countries according to some measure of academic achievement. These rankings are invariably computed using estimates rather than the true values of these features.

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The Review of Economic Studies

The Review was founded in 1933 by a group of Economists from leading UK and US departments. It is now managed by European-based economists.

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