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Credible Persuasion Journal of Political Economy (IF 9.637) Pub Date : 2024-05-10 Xiao Lin, Ce Liu
Journal of Political Economy, Ahead of Print.
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Redistributive Allocation Mechanisms Journal of Political Economy (IF 9.637) Pub Date : 2024-05-10 Mohammad Akbarpour, Piotr Dworczak, Scott Duke Kominers
Journal of Political Economy, Ahead of Print.
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Foreign Debt, Capital Controls, and Secondary Markets: Theory and Evidence from Nazi Germany Journal of Political Economy (IF 9.637) Pub Date : 2024-05-09 Andrea Papadia, Claudio A. Schioppa
Journal of Political Economy, Ahead of Print.
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Unobserved Inputs in Household Production Journal of Political Economy (IF 9.637) Pub Date : 2024-05-03 Sergey Mityakov, Thomas A. Mroz
Journal of Political Economy, Ahead of Print.
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Childcare Markets, Parental Labor Supply, and Child Development Journal of Political Economy (IF 9.637) Pub Date : 2024-05-01 Samuel Berlinski, Maria Marta Ferreyra, Luca Flabbi, Juan David Martin
We develop and estimate a model of supply and demand for childcare. On the demand side, households make consumption, labor supply, and childcare decisions. On the supply side, centers make entry, price, and quality decisions. In addition, both paid and informal caregivers are available. Child development is a function of the time spent with parents and nonparental care providers. We estimate the model
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The Value of Arbitrage Journal of Political Economy (IF 9.637) Pub Date : 2024-05-01 Eduardo Dávila, Daniel Graves, Cecilia Parlatore
Journal of Political Economy, Ahead of Print.
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Consumer Search, Steering, and Choice Overload Journal of Political Economy (IF 9.637) Pub Date : 2024-04-23 Volker Nocke, Patrick Rey
We develop a model of within-firm sequential, directed search and study a firm’s ability and incentive to steer consumers. We find that the firm often benefits from adopting a noisy positioning strategy, which limits the information available to consumers. This induces consumers to keep searching but discourages some of them from visiting the firm. This occurs even though the firm and the consumers
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On the Joint Evolution of Culture and Political Institutions: Elites and Civil Society Journal of Political Economy (IF 9.637) Pub Date : 2024-04-23 Alberto Bisin, Thierry Verdier
We provide an abstract model of the interaction between culture and political institutions. The model is designed to study the political economy of elites and civil society on the determination of long-run socioeconomic activity. We characterize conditions such that the cultural traits of elites and civil society and the institutions determining their relative political power complement (substitute)
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Are Older People Aware of Their Cognitive Decline? Misperception and Financial Decision-Making Journal of Political Economy (IF 9.637) Pub Date : 2024-04-22 Fabrizio Mazzonna, Franco Peracchi
Journal of Political Economy, Ahead of Print.
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The Microgeography of Housing Supply Journal of Political Economy (IF 9.637) Pub Date : 2024-04-22 Nathaniel Baum-Snow, Lu Han
We perform a comprehensive neighborhood-level analysis of housing supply. Predictions of floor space and housing unit supply elasticities using our estimates average 0.5 and 0.3 across all urban neighborhoods in the United States, exhibiting greater variation within than between metro regions. New construction accounts for about 50% of unit supply responses, with important additional roles for teardowns
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Augmenting State Capacity for Child Development: Experimental Evidence from India Journal of Political Economy (IF 9.637) Pub Date : 2024-04-22 Alejandro J. Ganimian, Karthik Muralidharan, Christopher R. Walters
We use a large-scale randomized experiment to study the impact of augmenting staffing in the world’s largest public early-childhood program: India’s Integrated Child Development Services. Adding a worker doubled net preschool instructional time and led to increases of 0.28σ and 0.46σ in math and language test scores after 18 months for children who remained enrolled in the program and 0.13σ and 0.10σ
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Recent Referees Journal of Political Economy (IF 9.637) Pub Date : 2024-04-18
Journal of Political Economy, Volume 132, Issue 4, April 2024.
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JPE Turnaround Times Journal of Political Economy (IF 9.637) Pub Date : 2024-04-18
Journal of Political Economy, Volume 132, Issue 4, Page 1389-1389, April 2024.
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Front Matter Journal of Political Economy (IF 9.637) Pub Date : 2024-04-18
Journal of Political Economy, Volume 132, Issue 4, April 2024.
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Financial Innovation in the Twenty-First Century: Evidence from US Patents Journal of Political Economy (IF 9.637) Pub Date : 2024-04-16 Josh Lerner, Amit Seru, Nicholas Short, Yuan Sun
We explore the evolution of financial innovation using US finance patents. Patented financial innovations are substantial and increasingly economically important. Their subject matter has changed, consistent with the industry’s shift toward household investors and borrowers. Information technology (IT) and other nonfinancial firms drove the surge in financial patenting. The location of innovation shifted
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Mr. Keynes Meets the Classics: Government Spending and the Real Exchange Rate Journal of Political Economy (IF 9.637) Pub Date : 2024-04-16 Benjamin Born, Francesco D’Ascanio, Gernot J. Müller, Johannes Pfeifer
Journal of Political Economy, Ahead of Print.
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Competition and Information Leakage Journal of Political Economy (IF 9.637) Pub Date : 2024-04-09 Markus Baldauf, Joshua Mollner
When seeking to trade in over-the-counter markets, institutional investors typically restrict both the number of potential counterparties they contact and the information they disclose (e.g., by requesting two-sided rather than one-sided quotes). We rationalize these important facts in a model featuring endogenous front-running. Although an additional contact intensifies competition and aids in finding
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Persuasion for the Long Run Journal of Political Economy (IF 9.637) Pub Date : 2024-04-09 James Best, Daniel Quigley
We examine persuasion when the sole source of credibility today is a desire to maintain a public record for accuracy. A long-run sender plays a cheap talk game with a sequence of short-run receivers, who observe some record of feedback about past accuracy. When all feedback is public (as is standard in repeated games), persuasion frequently requires inefficient on-path punishment—even if accuracy is
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Belief Overreaction and Stock Market Puzzles Journal of Political Economy (IF 9.637) Pub Date : 2024-04-05 Pedro Bordalo, Nicola Gennaioli, Rafael La Porta, Andrei Shleifer
We construct an index of long-term expected earnings growth for S&P 500 firms and show that it has remarkable power to jointly predict future errors in expectations and stock returns, in both the aggregate market and the cross section. The evidence supports a mechanism whereby good news causes investors to become too optimistic about long-term earnings growth. This leads to inflated stock prices and
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Mediated Collusion Journal of Political Economy (IF 9.637) Pub Date : 2024-03-27 Juan Ortner, Takuo Sugaya, Alexander Wolitzky
Cartels and bidding rings are often facilitated by intermediaries, who recommend prices/bids to firms and can impose penalties (such as reverting to competitive behavior in future interactions) if these recommendations are not followed. Motivated by such cases, we study correlated equilibria in first-price procurement auctions with complete information, where bidders who disobey their recommendations
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Impacts of a Large-Scale Parenting Program: Experimental Evidence from Chile Journal of Political Economy (IF 9.637) Pub Date : 2024-03-22 Pedro Carneiro, Emanuela Galasso, Italo Lopez Garcia, Paula Bedregal, Miguel Cordero
We present results from a large-scale experimental evaluation of a national parenting program in Chile. The program is low cost: it lasts only 6–8 weeks, and it is administered to groups of eight to 12 parents. It is implemented by the national health system, taking advantage of its existing physical infrastructure and human resources. We find that 3 years after the interventions ends, children whose
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The ABCs of Firm Heterogeneity When Firms Sort into Markets: The Case of Exporters Journal of Political Economy (IF 9.637) Pub Date : 2024-03-20 Bernardo S. Blum, Sebastian Claro, Ignatius Horstmann, David A. Rivers
Journal of Political Economy, Ahead of Print.
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A Theory of Stock Exchange Competition and Innovation: Will the Market Fix the Market? Journal of Political Economy (IF 9.637) Pub Date : 2024-03-20 Eric Budish, Robin S. Lee, John J. Shim
Journal of Political Economy, Ahead of Print.
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The Supply-Side Effects of Monetary Policy Journal of Political Economy (IF 9.637) Pub Date : 2024-03-12 David R. Baqaee, Emmanuel Farhi, Kunal Sangani
Journal of Political Economy, Ahead of Print.
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Repricing Avalanches Journal of Political Economy (IF 9.637) Pub Date : 2024-03-13 Makoto Nirei, José A. Scheinkman
Journal of Political Economy, Ahead of Print.
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JPE Turnaround Times Journal of Political Economy (IF 9.637) Pub Date : 2024-03-06
Journal of Political Economy, Volume 132, Issue 3, Page 1063-1063, March 2024.
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Recent Referees Journal of Political Economy (IF 9.637) Pub Date : 2024-03-06
Journal of Political Economy, Volume 132, Issue 3, March 2024.
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Front Matter Journal of Political Economy (IF 9.637) Pub Date : 2024-03-06
Journal of Political Economy, Volume 132, Issue 3, March 2024.
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Improving the Organization of Knowledge in Production by Screening Problems Journal of Political Economy (IF 9.637) Pub Date : 2024-02-23 Guilherme Carmona, Krittanai Laohakunakorn
Journal of Political Economy, Ahead of Print.
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Recent Referees Journal of Political Economy (IF 9.637) Pub Date : 2024-02-22
Journal of Political Economy, Volume 132, Issue 2, February 2024.
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JPE Turnaround Times Journal of Political Economy (IF 9.637) Pub Date : 2024-02-22
Journal of Political Economy, Volume 132, Issue 2, Page 721-721, February 2024.
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Front Matter Journal of Political Economy (IF 9.637) Pub Date : 2024-02-22
Journal of Political Economy, Volume 132, Issue 2, February 2024.
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Are Economists’ Preferences Psychologists’ Personality Traits? A Structural Approach Journal of Political Economy (IF 9.637) Pub Date : 2024-02-16 Tomáš Jagelka
Journal of Political Economy, Ahead of Print.
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Social Interactions, Mechanisms, and Equilibrium: Evidence from a Model of Study Time and Academic Achievement Journal of Political Economy (IF 9.637) Pub Date : 2024-02-15 Timothy G. Conley, Nirav Mehta, Ralph Stinebrickner, Todd Stinebrickner
Journal of Political Economy, Ahead of Print.
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Optimal Bank Regulation in the Presence of Credit and Run Risk Journal of Political Economy (IF 9.637) Pub Date : 2024-02-09 Anil K Kashyap, Dimitrios P. Tsomocos, Alexandros P. Vardoulakis
Journal of Political Economy, Ahead of Print.
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Plants in Space Journal of Political Economy (IF 9.637) Pub Date : 2024-02-07 Ezra Oberfield, Esteban Rossi-Hansberg, Pierre-Daniel Sarte, Nicholas Trachter
Journal of Political Economy, Ahead of Print.
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Can Mentoring Alleviate Family Disadvantage in Adolescence? A Field Experiment to Improve Labor Market Prospects Journal of Political Economy (IF 9.637) Pub Date : 2024-02-02 Sven Resnjanskij, Jens Ruhose, Simon Wiederhold, Ludger Woessmann, Katharina Wedel
Journal of Political Economy, Ahead of Print.
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Algorithmic Pricing and Competition: Empirical Evidence from the German Retail Gasoline Market Journal of Political Economy (IF 9.637) Pub Date : 2024-02-01 Stephanie Assad, Robert Clark, Daniel Ershov, Lei Xu
Journal of Political Economy, Ahead of Print.
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Q-Monetary Transmission Journal of Political Economy (IF 9.637) Pub Date : 2024-02-01 Priit Jeenas, Ricardo Lagos
Journal of Political Economy, Ahead of Print.
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The Finance Uncertainty Multiplier Journal of Political Economy (IF 9.637) Pub Date : 2024-01-31 Iván Alfaro, Nicholas Bloom, Xiaoji Lin
Journal of Political Economy, Ahead of Print.
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Beyond the Balance Sheet Model of Banking: Implications for Bank Regulation and Monetary Policy Journal of Political Economy (IF 9.637) Pub Date : 2024-01-23 Greg Buchak, Gregor Matvos, Tomasz Piskorski, Amit Seru
Journal of Political Economy, Ahead of Print.
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When It Rains It Pours: Cascading Uncertainty Shocks Journal of Political Economy (IF 9.637) Pub Date : 2024-01-19 Anthony M. Diercks, Alex Hsu, Andrea Tamoni
Journal of Political Economy, Ahead of Print.
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Piercing through Opacity: Relationships and Credit Card Lending to Consumers and Small Businesses during Normal Times and the COVID-19 Crisis Journal of Political Economy (IF 9.637) Pub Date : 2024-01-18 Allen N. Berger, Christa H. S. Bouwman, Lars Norden, Raluca A. Roman, Gregory F. Udell, Teng Wang
Journal of Political Economy, Ahead of Print.
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The Human Capital–Reproductive Capital Trade-Off in Marriage Market Matching Journal of Political Economy (IF 9.637) Pub Date : 2024-01-12 Corinne Low
Journal of Political Economy, Ahead of Print.
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The Life Cycle of Products: Evidence and Implications Journal of Political Economy (IF 9.637) Pub Date : 2024-01-11 David Argente, Munseob Lee, Sara Moreira
Journal of Political Economy, Ahead of Print.
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Recent Referees Journal of Political Economy (IF 9.637) Pub Date : 2024-01-09
Journal of Political Economy, Volume 132, Issue 1, January 2024.
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JPE Turnaround Times Journal of Political Economy (IF 9.637) Pub Date : 2024-01-09
Journal of Political Economy, Volume 132, Issue 1, Page 336-336, January 2024.
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Front Matter Journal of Political Economy (IF 9.637) Pub Date : 2024-01-09
Journal of Political Economy, Volume 132, Issue 1, January 2024.
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Foreign Shocks as Granular Fluctuations Journal of Political Economy (IF 9.637) Pub Date : 2024-01-03 Julian di Giovanni, Andrei A. Levchenko, Isabelle Mejean
Journal of Political Economy, Ahead of Print.
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The Global Distribution of College Graduate Quality Journal of Political Economy (IF 9.637) Pub Date : 2024-01-03 Paolo Martellini, Todd Schoellman, Jason Sockin
Journal of Political Economy, Ahead of Print.
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Recent Referees Journal of Political Economy (IF 9.637) Pub Date : 2023-12-20
Journal of Political Economy, Volume 131, Issue 12, December 2023.
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Index to Volume 131 Journal of Political Economy (IF 9.637) Pub Date : 2023-12-20
Journal of Political Economy, Volume 131, Issue 12, Page 3543-3549, December 2023.
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JPE Turnaround Times Journal of Political Economy (IF 9.637) Pub Date : 2023-12-20
Journal of Political Economy, Volume 131, Issue 12, Page 3540-3540, December 2023.
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Front Matter Journal of Political Economy (IF 9.637) Pub Date : 2023-12-20
Journal of Political Economy, Volume 131, Issue 12, December 2023.
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Estimation of a Life-Cycle Model with Human Capital, Labor Supply, and Retirement Journal of Political Economy (IF 9.637) Pub Date : 2023-12-14 Xiaodong Fan, Ananth Seshadri, Christopher Taber
Journal of Political Economy, Ahead of Print.
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Cultural Values and Productivity Journal of Political Economy (IF 9.637) Pub Date : 2023-12-06 Andreas Ek
Journal of Political Economy, Ahead of Print.
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Spatial Influences in Upward Mobility Journal of Political Economy (IF 9.637) Pub Date : 2023-12-06 Garrett Anstreicher
Journal of Political Economy, Ahead of Print.
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Market Segmentation and Competition in Health Insurance Journal of Political Economy (IF 9.637) Pub Date : 2023-12-04 Michael J. Dickstein, Kate Ho, Nathaniel Mark
Journal of Political Economy, Ahead of Print.
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Multidimensional Sorting under Random Search Journal of Political Economy (IF 9.637) Pub Date : 2023-11-28 Ilse Lindenlaub, Fabien Postel-Vinay
Journal of Political Economy, Ahead of Print.
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Evaluating the Success of the War on Poverty since 1963 Using an Absolute Full-Income Poverty Measure Journal of Political Economy (IF 9.637) Pub Date : 2023-11-27 Richard V. Burkhauser, Kevin Corinth, James Elwell, Jeff Larrimore
Journal of Political Economy, Ahead of Print.