Review of Economic Studies

Article	Citations
Quasi-Experimental Shift-Share Research Designs	380
A More Credible Approach to Parallel Trends	213
Demographics and Automation	183
Income and Wealth Distribution in Macroeconomics: A Continuous-Time Approach	150
Property Rights, Land Misallocation, and Agricultural Efficiency in China	130
Understanding Cultural Persistence and Change	120
Monopoly without a Monopolist: An Economic Analysis of the Bitcoin Payment System	117
The Gender Earnings Gap in the Gig Economy: Evidence from over a Million Rideshare Drivers	115
Immigration and Redistribution	111
Revisiting Event-Study Designs: Robust and Efficient Estimation	94
Should Central Banks Issue Digital Currency?	90
The Missing Profits of Nations	82
Anonymity or Distance? Job Search and Labour Market Exclusion in a Growing African City	70
Subjective Models of the Macroeconomy: Evidence From Experts and Representative Samples	68
Corruption and Firms	67
Intergenerational Mobility in the Very Long Run: Florence 1427–2011	62
Financial Regulation in a Quantitative Model of the Modern Banking System	61
China’s Model of Managing the Financial System	56
Social Norms, Labour Market Opportunities, and the Marriage Gap Between Skilled and Unskilled Women	52
Measuring Bias in Consumer Lending	51
International Spillovers and Local Credit Cycles	51
From Immigrants to Americans: Race and Assimilation during the Great Migration	49
What Would You Do with $500? Spending Responses to Gains, Losses, News, and Loans	48
Understanding the Size of the Government Spending Multiplier: It’s in the Sign	47
Should Robots Be Taxed?	45

A Theory of Foreign Exchange Interventions	41
Default Effects And Follow-On Behaviour: Evidence From An Electricity Pricing Program	41
Long-Term Effects of Childhood Nutrition: Evidence from a School Lunch Reform	40
IQ, Expectations, and Choice	40
The Welfare Effects of Transportation Infrastructure Improvements	40
Skill-Biased Structural Change	38
Identifying Shocks via Time-Varying Volatility	38
Are High-Interest Loans Predatory? Theory and Evidence from Payday Lending	37
Spatial Equilibrium, Search Frictions, and Dynamic Efficiency in the Taxi Industry	37
A Theory of Falling Growth and Rising Rents	37
Optimal Automatic Stabilizers	36
Slicing the Pie: Quantifying the Aggregate and Distributional Effects of Trade	35
Affordable Housing and City Welfare	35
The Gift of Moving: Intergenerational Consequences of a Mobility Shock	34
The Equilibrium Impact of Agricultural Risk on Intermediate Inputs and Aggregate Productivity	33
Data-intensive Innovation and the State: Evidence from AI Firms in China	33
The Dynamics of Return Migration, Human Capital Accumulation, and Wage Assimilation	33
Taking the Fed at its Word: A New Approach to Estimating Central Bank Objectives using Text Analysis	32
Tax Policy and Lumpy Investment Behaviour: Evidence from China’s VAT Reform	31
Forbidden Fruits: The Political Economy of Science, Religion, and Growth	30
Central Bank Swap Lines: Evidence on the Effects of the Lender of Last Resort	29
Reorganization or Liquidation: Bankruptcy Choice and Firm Dynamics	29
Roman Transport Network Connectivity and Economic Integration	29
Voluntary Disclosure and Personalized Pricing	28
Liquidity and Exchange Rates: An Empirical Investigation	28
Exchange Rate Exposure and Firm Dynamics	28
What is a Good School, and Can Parents Tell? Evidence on the Multidimensionality of School Output	28
Firm Heterogeneity in Consumption Baskets: Evidence from Home and Store Scanner Data	27
Improving Management with Individual and Group-Based Consulting: Results from a Randomized Experiment in Colombia	27
Opinions as Facts	26
Social Connectedness and Local Contagion	26
Optimal Fiscal Policy in a Model with Uninsurable Idiosyncratic Income Risk	25
The Value of Unemployment Insurance	24
Globalization, Gender, and the Family	24
On “Trade Induced Technical Change: The Impact of Chinese Imports on Innovation, IT, and Productivity”	23
Who Chooses Commitment? Evidence and Welfare Implications	23
Mortgage Refinancing, Consumer Spending, and Competition: Evidence from the Home Affordable Refinance Program	23
The Design of Teacher Assignment: Theory and Evidence	23
Liquidity Risk and Long-Term Finance: Evidence from a Natural Experiment	22
Global Imbalances and Policy Wars at the Zero Lower Bound	22
The Impact of Car Pollution on Infant and Child Health: Evidence from Emissions Cheating	22
Collateral Booms and Information Depletion	22
Subsidizing Labour Hoarding in Recessions: The Employment and Welfare Effects of Short-time Work	22
Measuring the Incentive to Collude: The Vitamin Cartels, 1990–99	22
Racial Diversity and Racial Policy Preferences: The Great Migration and Civil Rights	22
Geography and Agricultural Productivity: Cross-Country Evidence from Micro Plot-Level Data	21
The U.K. as a Technological Follower: Higher Education Expansion and the College Wage Premium	21
Are Marriage-Related Taxes and Social Security Benefits Holding Back Female Labour Supply?	21
How Do Inheritances Shape Wealth Inequality? Theory and Evidence from Sweden	21
Hazed and Confused: The Effect of Air Pollution on Dementia	21

Motivational Ratings	21
Economic and Social Outsiders but Political Insiders: Sweden’s Populist Radical Right	20
Winning by Default: Why is There So Little Competition in Government Procurement?	20
The Aggregate Implications of Mergers and Acquisitions	20
Social Positions and Fairness Views on Inequality	20
We Are All Behavioural, More, or Less: A Taxonomy of Consumer Decision-Making	19
Testing the Production Approach to Markup Estimation	19
Migration and Informal Insurance: Evidence from a Randomized Controlled Trial and a Structural Model	19
Moral Universalism and the Structure of Ideology	19
Germs, Social Networks, and Growth	19
Killer Incentives: Rivalry, Performance and Risk-Taking among German Fighter Pilots, 1939–45	18
Firm Dynamics, On-the-Job Search, and Labor Market Fluctuations	18
Learning from House Prices: Amplification and Business Fluctuations	18
Dynastic Precautionary Savings	18
Hours Constraints, Occupational Choice, and Gender: Evidence from Medical Residents	18
Browsing versus Studying: A Pro-market Case for Regulation	17
Cupid’s Invisible Hand: Social Surplus and Identification in Matching Models	17
Seawalls and Stilts: A Quantitative Macro Study of Climate Adaptation	17
Workforce Composition, Productivity, and Labour Regulations in a Compensating Differentials Theory of Informality	17
Optimal Environmental Targeting in the Amazon Rainforest	17
Fiscal Multipliers and Foreign Holdings of Public Debt	16
Informational Herding, Optimal Experimentation, and Contrarianism	16
Patience and Comparative Development	16
Multi-asset Noisy Rational Expectations Equilibrium with Contingent Claims	16
Liquidity Constraints in the U.S. Housing Market	16
A Theory of Narrow Thinking	16
Recoverability and Expectations-Driven Fluctuations	16
Recovering Investor Expectations from Demand for Index Funds	16
Diagnostic Business Cycles	15
Conditional Superior Predictive Ability	15
Robots, Trade, and Luddism: A Sufficient Statistic Approach to Optimal Technology Regulation	15
Market Power in Neoclassical Growth Models	15
The Economic Geography of Global Warming	15
Unemployment Insurance in Macroeconomic Stabilization	15
Trade Finance and the Durability of the Dollar	15
Interventions and Cognitive Spillovers	14
Tax Advantages and Imperfect Competition in Auctions for Municipal Bonds	14
Sentimental Business Cycles	14
Investments in social ties, risk sharing, and inequality	14
Fragile Self-Esteem	14
The Cutoff Structure of Top Trading Cycles in School Choice	13
Welfare and Redistribution in Residential Electricity Markets with Solar Power	13
Intelligence, Errors, and Cooperation in Repeated Interactions	13
All-Pay Oligopolies: Price Competition with Unobservable Inventory Choices	13
Inference with Many Weak Instruments	13
The Real Effects of Monetary Expansions: Evidence from a Large-scale Historical Experiment	13
Belief Convergence under Misspecified Learning: A Martingale Approach	13
Time Consistency and Duration of Government Debt: A Model of Quantitative Easing	12
Coordination and Continuous Stochastic Choice	12
Confidence and the Propagation of Demand Shocks	12
A Welfare Analysis of Occupational Licensing in U.S. States	12
Estimation of Discrete Games with Weak Assumptions on Information	12
The Emergence of Market Structure	12
Redeemable Platform Currencies	12
More Than a Penny’s Worth: Left-Digit Bias and Firm Pricing	12
The Returns to Nursing: Evidence from a Parental-Leave Program	12
Measuring Unfair Inequality: Reconciling Equality of Opportunity and Freedom from Poverty	12
Fiscal Rules as Bargaining Chips	12
Coordinated Capacity Reductions and Public Communication in the Airline Industry	11
Down the River: Glyphosate Use in Agriculture and Birth Outcomes of Surrounding Populations	11
Career Spillovers in Internal Labour Markets	11
Estimating Intergenerational and Assortative Processes in Extended Family Data	11
A Macro-Finance Model with Sentiment	11
Income Growth and the Distributional Effects of Urban Spatial Sorting	11
Price Discrimination in the Information Age: Prices, Poaching, and Privacy with Personalized Targeted Discounts	11
An Equilibrium Analysis of the Long-Term Care Insurance Market	11
Matching with Externalities	10
The Effects of Partial Employment Protection Reforms: Evidence from Italy	10
Concentration Bias in Intertemporal Choice	10
Hinterlands, City Formation and Growth: Evidence from the U.S. Westward Expansion	10
A Risk-based Theory of Exchange Rate Stabilization	10
Variation Margins, Fire Sales, and Information-constrained Optimality	10
Consumer Search and Prices in the Automobile Market	10
Energy Efficiency and Directed Technical Change: Implications for Climate Change Mitigation	10
Rules without Commitment: Reputation and Incentives	10
Product Life Cycle, Learning, and Nominal Shocks	9
Identifying the Costs of a Public Health Success: Arsenic Well Water Contamination and Productivity in Bangladesh	9
An Instrumental Variable Approach to Dynamic Models	9
Entrepreneurial Human Capital and Firm Dynamics	9
Using Disasters to Estimate the Impact of Uncertainty	9

Inference for Ranks with Applications to Mobility across Neighbourhoods and Academic Achievement across Countries	9
Lending Relationships and Optimal Monetary Policy	9
A Theory of Participation in OTC and Centralized Markets	9
Prizes versus Contracts as Incentives for Innovation	9
Informal Risk Sharing with Local Information	9
Folk Theorem in Repeated Games with Private Monitoring	9
When Less is More: Improving Choices in Health Insurance Markets	9
A Theory of Monetary Union and Financial Integration	9
Currency Choice in Contracts	9
Managerial Quality and Productivity Dynamics	9
Credit Shocks and Equilibrium Dynamics in Consumer Durable Goods Markets	9
Matching in Dynamic Imbalanced Markets	8
Simple Adaptive Size-Exact Testing for Full-Vector and Subvector Inference in Moment Inequality Models	8
Caught between Cultures: Unintended Consequences of Improving Opportunity for Immigrant Girls	8
Adverse Selection in the Marriage Market: HIV Testing and Marriage in Rural Malawi	8
Culture and the Historical Fertility Transition	8
The Cost of Wage Rigidity	8
Stratification Trees for Adaptive Randomisation in Randomised Controlled Trials	8
Patent Screening, Innovation, and Welfare	8
Endogenous Social Interactions with Unobserved Networks	8
Marginal Jobs and Job Surplus: A Test of the Efficiency of Separations	8
Asset Prices and Unemployment Fluctuations: A Resolution of the Unemployment Volatility Puzzle	8
A World Equilibrium Model of the Oil Market	8
Using Bid Rotation and Incumbency to Detect Collusion: A Regression Discontinuity Approach	8
“Since You’re So Rich, You Must Be Really Smart”: Talent, Rent Sharing, and the Finance Wage Premium	7
An Information-based Theory of Financial Intermediation	7
Policy Effects of International Taxation on Firm Dynamics and Capital Structure	6
Changes in Social Network Structure in Response to Exposure to Formal Credit Markets	6
How Exporters Grow	6
Revealed Price Preference: Theory and Empirical Analysis	6
Migration and the Value of Social Networks	6
Optimal Auctions: Non-expected Utility and Constant Risk Aversion	6
Risk Premium Shocks Can Create Inefficient Recessions	6
Minimum Wage Employment Effects and Labour Market Concentration	6
An Elementary Theory of Directed Technical Change and Wage Inequality	6
Instrument-Based versus Target-Based Rules	6
Record-Keeping and Cooperation in Large Societies	5
Liberty, Security, and Accountability: The Rise and Fall of Illiberal Democracies	5
Choice with Endogenous Categorization	5
Innovation and Strategic Network Formation	5
Is the Social Safety Net a Long-Term Investment? Large-Scale Evidence From the Food Stamps Program	5
Deadly Debt Crises: COVID-19 in Emerging Markets	5
Sources and Transmission of Country Risk	5
The Lost Capital Asset Pricing Model	5
Salience and Taxation with Imperfect Competition	5
Overcoming Free-Riding in Bandit Games	5
Learning from Neighbours about a Changing State	5
Non-parametric Analysis of Time-Inconsistent Preferences	5
Monetary Policy and Heterogeneity: An Analytical Framework	5
A Menu of Insurance Contracts for the Unemployed	4
Optimal Taxation with Private Insurance	4
Bond Premium Cyclicality and Liquidity Traps	4
The Brexit Vote, Productivity Growth, and Macroeconomic Adjustments in the U.K.	4
The Transmission of Commodity Price Super-Cycles	4
A Theory of Socially Responsible Investment	4
Infrequent Random Portfolio Decisions in an Open Economy Model	4
Save, Spend, or Give? A Model of Housing, Family Insurance, and Savings in Old Age	4
Optimal Feedback in Contests	4
Dynamic Opinion Aggregation: Long-Run Stability and Disagreement	4
Negative Nominal Interest Rates and the Bank Lending Channel	4
Central Bank Balance Sheet Policies Without Rational Expectations	4
Uncertainty in the Hot Hand Fallacy: Detecting Streaky Alternatives to Random Bernoulli Sequences	4
Selfish Corporations	4
Dollar Safety and the Global Financial Cycle	4
Fixed Effects and the Generalized Mundlak Estimator	4
Repayment Flexibility and Risk Taking: Experimental Evidence from Credit Contracts	4
Behaviour within a Clinical Trial and Implications for Mammography Guidelines	4