Economics papers worth scanning today

Timilsina, Govinda R., Tran, Chau, Hochman.Gal

Viet Nam is committed to reducing its greenhouse gas emissions by 15.8% by 2030 and meeting its net-zero emission target by 2050.

André Diegmann, Steffen Müller, Benjamin Schoefer

We revisit the employer size wage effect (ESWE)—arguably the most basic and influential departure from the law of one price for labor.

Shuang Chen, Clemens Sialm, David X. Xu

We examine the growth and performance of AI-driven investing.

Eunsik Chang, María Padilla-Romo, Cecilia Peluffo

This paper estimates the effects of early academic rank in elementary school on later cognitive and noncognitive outcomes in the context of Mexico.

Jeffrey Clemens, Anwita Mahajan

At the COVID-19 pandemic's onset, the federal government enacted substantial changes impacting both the revenues and expenditures connected to states' Medicaid programs through a pair of provisions in the March 2020 F...

Andreas Fagereng, Luigi Guiso, Marius A. K. Ring

Using administrative panel data on Norwegian investors’ portfolios, we document strong but slow portfolio allocation responses to a persistent wealth-tax-induced shock to the equity premium.

Anuj Gangopadhyaya, Robert Kaestner

One way to measure the efficiency of the Affordable Care Act (ACA) is the extent to which gains in publicly supported health insurance reduced uninsured rates.

Barbara Biasi, Song Ma

We study whether exposure to frontier knowledge in college affects student outcomes.

Ilse Lindenlaub, Ryungha Oh, Maria Alejandra Rodriguez, Laura Veldkamp

We document and explain the gap between measures of AI exposure and measures of AI adoption in the workplace.

Yi Lee, Shengyu Li, Mark J. Roberts

This paper develops and estimates a structural model of multiproduct production that allows plant-product quality and factor-augmenting input efficiency.

Joshua S. Graff Zivin, Seunghoon Lee

Formal childcare and public schooling are widely understood to be central to mothers’ labor market attachment.

Ariel J. Binder, Max Risch, John L. Voorheis

We document the intergenerational mobility of housing capital in the United States using a new dataset linking Decennial Census data to administrative property and income-tax records for over 3.4 million families.

Karen Dynan, Douglas Elmendorf, Theresa Gullo

This paper examines federal discretionary spending, including its place in the overall budget, its composition, and the economic and political forces shaping its size.

Emanuele Colonnelli, Marcio Cruz, Mariana Pereira-Lopez, Tommaso Porzio, Chun Zhao

We build new data on startups in Africa to study which types of financing these firms demand, how financing is allocated in practice, and the implications for startup creation and the composition of the sector.

Garth Heutel

Through theory and numerical simulations, I explore how a pollution tax can be designed to accommodate ethical objections.

Liran Einav, Amy Finkelstein, Yunan Ji, Neale Mahoney, Gideon Moore

How much fraud is there in Medicare and who commits it?

Yi Chen, Chao Fu, Hongbin Li, Teng Li, Siyan Tang

Extensive discussion centers around the question of whether affirmative action (AA) in higher education “works,” despite AA being in practice a continuous policy instrument.

Paul H.S. Kim, Anran Li

We study the role of public risk-sharing in markets where firms face substantial cost uncertainty, focusing on public reinsurance in health insurance.

Robert J. Gordon, Kenneth Ryu

Why did U.S.

David Thesmar, Emil Verner

We construct a new long-run series of subjective expected equity returns from an independent equity analysis firm, spanning 1956-2024.

Madison K. Arnsbarger, Andreas Ferrara, Paige Montrose

This paper studies the role of economic participation via the labor market in enabling the political mobilization of an underrepresented group.

Gregory J. Martin, Shoshana Vasserman, Cameron Pfiffer

Using a novel dataset covering the complete history of individual-level web traffic and digital subscriptions from a major metropolitan newspaper in the United States between 2020 and 2024, we investigate consumers' w...

Clingain, Clare, Donald, Aletheia Amalia, Hernandez-de-Benito, Maria

Psychological constructs related to agency—such as the ability to set goals or feel in control—are increasingly recognized as determinants of economic outcomes and well-being.

Musonera, Abdou, Nsabimana, Aimable, Overbeck, Daniel

This paper shows that infrastructure investments enhance local tax outcomes.

de Nicola, Francesca, Ragoussis, Alexandros, Schmidt-Eisenlohr, Tim, Tran, Trang Thu

Letters of credit are a key trade finance instrument that covers more than 10 percent of global trade, with a notably larger role in low- and middle-income economies.

Grover, Arti, Vézina, Pierre-Louis

This paper examines how armed conflict affects the global allocation of foreign direct investment using monthly conflict fatality data matched with project-level greenfield foreign direct investment (FDI) and cross-bo...

Ursina Schaede, Ville Mankki

We evaluate equity-efficiency trade-offs from admissions quotas by examining effects on output once beneficiaries start producing in the relevant industry.

Andrés Barrios-Fernández, Christopher Neilson, Seth Zimmerman

Do elite colleges help talented students join the social elite or help incumbent elites retain their positions?

Felix Montag

Policy choices often create trade-offs between workers and consumers.

Danil Agafiev Macambira, Michael Geruso, Anthony Lollo, Chima D. Ndumele, Jacob Wallace

This paper examines the effects of privatizing social health insurance.

Yann Algan, Nicolò Dalvit, Quoc-Anh Do, Alexis Le Chapelain, Yves Zenou

We examine how social interactions and friendships shape students’ political opinions in a natural experiment at Sciences Po, a leading French university specializing in social and political sciences.

Marco Alfano, Thomas Cornelissen

Conflict along transportation routes during Somalia’s al-Shabaab insurgency significantly increases maize prices at distant locations, decreasing food security, health, and education.

Elena Capatina, Michael Keane

Health Shocks, Health Insurance, Human Capital, and the Dynamics of Earnings and Health

Michael Baker, Yosh Halberstam, Kory Kroft, Alexandre Mas, Derek Messacar

We estimate the impact of unionization on the wage distribution of Canadian university faculty using longitudinal administrative data on salaries and exploiting the staggered rollout of unionization across institutions.

Nicholas Bloom, Gordon B. Dahl, Dan-Olof Rooth

There has been a dramatic rise in disability employment since the pandemic, while work from home (WFH) has risen fourfold.

Sarah R. Cohodes, Astrid C. Pineda

The charter school movement encompasses many school models.

Itzik Fadlon, Astrid Sophie Fugleholm, Torben Heien Nielsen

We use administrative records on the universe of Danish households to characterize survivors’ mental health following their spouse’s death.

Georg U. Thunecke, Valeria Merlo, Andreas Schanbacher, Georg Wamser

Identifying tax-setting responses from local fiscal policy programs

Enea Baselgia

The compliance effects of the automatic exchange of information: Evidence from the Swiss tax amnesty

Olga Gorbachev, Maria J. Luengo-Prado, J.Christina Wang

Better late than never?

Justyna Klejdysz, Tom Zawisza

Taxation and business entry: Evidence from the Polish self-employment “Flat” tax

Youjin Hahn, Hyuncheol Bryant Kim, Minjeong Joyce Kim, Hee-Seung Yang

The value of in-person schooling during times of educational disruption: Impacts on students’ emotional problems and subjective well-being

Jane Friesen, Ricardo Meilman Cohn, Simon Woodcock

Sorting, peer effects and school effectiveness in private and public schools

Josefa Aguirre, Juan Matta, Ana María Montoya

College peer effects, gender, and STEM

Yongli Chen, Chen Liu

Teacher quality and gender-differentiated long-term outcomes: Evidence from rural China

Jeffrey Penney, Matéo Moisan, Gloria L. Bernal, Jesús Daniel-Cañizares

Scholarships and student effort - The transition from Ser Pilo Paga to Excelencia

Sade Bonilla, Daniel Sparks

Get a Skill, Get a Job, Get Ahead?

Hema Shah

College admissions testing and learning about ability: Evidence from strategic ACT and SAT taking

Michel Grosz, Tomás Monarrez

The great recession, college enrollment, and the dynamics of student debt

Thang Dang, Mika Haapanen, Tuomo Suhonen

The long-term health consequences of expanding access to higher education

Christopher Avery, Andrew Bacher-Hicks

Inequality and within-school student-teacher assignment patterns

Marco Alberto De Benedetto, Damiano Silipo, Carmela Ciccarelli

Bridging the gap: The effect of National Operational Program (PON) on primary school performance

Alan Finkelstein Shapiro, Victoria Nuguer

Climate policies, labor markets, and macroeconomic outcomes in emerging economies

Xuezheng Qin, Yingfei Wang, Haochen Zhang

Number one girl: Female top scorers and peer academic performance in junior high schools

Zhejian Wang

Restricting video games in China: Effects on time use, educational achievement, and health

Naijia Guo, Duoxi Li, Michael B. Wong

Domestic outsourcing and employment security

Jacobus Cilliers, James Habyarimana

Addressing weak links in government implementation at scale: Experimental evidence from a school governance reform in Tanzania

Zihao Chen, Yawen Ding, Xu Tian

The stalled quiet revolution: Population control, skewed sex ratios, and the widening gender gap in labor force participation

Muneer Kalliyil, Soham Sahoo

Does restricting access to credit affect learning outcomes?

Nicolás González-Pampillón, Javier Vázquez-Grenno

Minimum wages, low-wage workers, and compliance under imperfect enforcement

Chao Gu, Randall Wright, Yu Zhu

Following Sargent and Wallace’s ‘Some Unpleasant Monetarist Arithmetic,’ we study different ways to implement monetary and fiscal policy.

Gábor Békés, Matyas Molnar, Claudia Steinwender

Search and matching frictions prevent firms from forming international trade linkages.

Tommaso Porzio, Emanuele Colonnelli, Marcio Cruz, Mariana De La Paz Pereira Lopez

We build new data on startups in Africa to study which types of financing these firms demand, how financing is allocated in practice, and the implications for startup creation and the composition of the sector.

Diego Comin, Ana Danieli, Marti Mestieri

We study labor-market polarization by developing a framework with heterogeneous consumers, non-homothetic preferences, and endogenous labor supply a la Roy (1951).

Fabio Bertolotti, Andrea Lanteri, Hyeonsik Yoon

We analyze optimal subsidies for the replacement of durable assets in a model with heterogeneous producers, endogenous capital-embodied innovation, and environmental externalities that depend on capital vintages.

David Strömberg, Victor Lei, Yanhui Wu

Using 30 months of panel data on 26,811 Chinese students in grades 7--12, we study how generative AI affects homework productivity and learning.

Andre Diegmann, Steffen Müller, Benjamin Schoefer

We revisit the employer size wage effect (ESWE)—arguably the most basic and influential departure from the law of one price for labor.

Bernhard Bartels, Barry Eichengreen, Julian Schumacher, Beatrice Weder di Mauro

Unprecedented balance sheet expansion in recent years has resulted in heightened financial risk for central banks, reflected initially in higher profits and subsequently in significant losses.

Christiaan van der Kwaak

I investigate the macroeconomic impact of money-financed fiscal stimuli when they are financed by interest-paying central bank reserves.

Stefano Carattini, Pamela Giustinelli, Marcella Veronesi

Knowledge gaps and biased beliefs concerning both climate change and climate policy represent major obstacles to the decarbonization process.

Cassidy, Rachel, Das, Smita, Delavallade, Clara, Kipchumba, Elijah, Sulaiman, Munshi

This paper evaluates a socio-emotional skills training programme for 4,728 urban Tanzanian youth who were not in full-time employment, education, or training.

Isah, Abdulrasheed Abdulkarim, Rentschler, Jun, Middelanis, Robin, Avner, Paolo, Hallegatte, Stephane

Natural hazards can profoundly disrupt economies, yet their impact on employment remains underexplored.

Barthelemy Bonadio, Andrei Levchenko, Nitya Pandalai-Nayar

This paper quantitatively evaluates other countries' optimal tariffs and the prospects of sustaining international trade cooperation when a large player — the United States — exits the cooperative trade regime.

Juan Felipe Riaño, Francesco Trebbi

Between 2021 and 2024, the United States experienced one of the most severe inflation episodes in decades, coinciding with renewed debate over the role of economic conditions for electoral outcomes.

Fernanda Ortega, Dennis Snower

The experience of rapid economic growth and transition to high-income status in Asian countries has brought about significant improvements in material well-being and aggregate economic prosperity.

Teresa Fort, Nathan Goldschlag, Jack Liang, Peter Schott, Nikolas Zolas

Relatively flat US productivity growth versus rising R&D expenditures is often interpreted as evidence that ideas are getting harder to find.

Vergara Cobos, Estefania Belen, Cakir, Selcen, Mei Zahav, Hagai

Does cybersecurity preparedness matter for growth, and if so, where?

Carol Propper

In the last two decades European policy makers have sought to increase the use of market mechanisms in the delivery of healthcare.

Ralph Luetticke, Christopher Roth, Mirko Wiederholt, Johannes Wohlfart

The Lucas critique holds that policy evaluations based on historical correlations can fail because policy changes alter expectation formation.

Sonia Bhalotra, Meltem Daysal, Mathias Fjællegaard Jensen, Thomas H. Jørgensen, Sébastien Montpetit

Using four decades of Danish administrative data, we estimate the intergenerational transmission of violent crime victimization.