The Review of Economic Studies (REStud)
@reveconstudies.bsky.social
The official account of the Review of Economic Studies, one of the world's top economics journals. #EconSky, #REStud
People respond in a forward looking way to pension reforms. Evidence from Poland's switch from a Defined Benefit to a Notional Defined Contribution (NDC) scheme. New paper by French, Lindner, O'Dea, and Zawisza www.restud.com/labor-supply... #REStud #EconSky
New paper by Grupp, Mishra, Reynaert, and van Benthem www.restud.com/an-evaluatio... #REStud #EconSky
Racial covenants became unenforceable in 1948. Their effects persist to date: Covenants shaped who moved into neighborhoods, what got built, & where infrastructure was placed—and these early differences explain 6-24% of racial segregation and 3-4.4% of housing price gaps today!
Data isn’t “free.” It’s missing from GDP. A new macro model shows data barter, mis-measurement, and why growth is bigger than we think—by up to 6%. New paper by Veldkamp and Farboodi www.restud.com/a-model-of-t...
New paper by Farina, Fréchette, Ispano, Lizzeri, and Perego www.restud.com/the-selectiv... #REStud #EconSky
Under Smooth Diagnostic Expectations overreaction increases smoothly with uncertainty, providing a micro-foundation for key properties of survey data and the business cycle. New paper by Bianchi, Ilut, and Saijo www.restud.com/smooth-diagn... #REStud #EconSky
The UK’s post-1963 Robbins Report university boom brought in less able students from advantaged backgrounds. Future expansions should target talented students facing socioeconomic barriers. New paper by Ichino, Rustichini, and Zanella: www.restud.com/college-cogn... #REStud #EconSky
Most people perceive their earnings to be far less risky than admin data suggests. New paper by Caplin, Gregory, Lee, Leth-Petersen, and Sæverud: Subjective Earnings Risk www.restud.com/subjective-e... #REStud #EconX #EconTwitter
What role can monetary policy play in offsetting distributional shocks? This paper argues it cannot do very much because the impacts of monetary expansions and contractions are borne relatively evenly across the population. New paper by Wold and McKay www.restud.com/optimal-poli... #EconSky
@danielioren.bsky.social proposes a skill-replacing routine-biased tech model: technology substitutes skill in routine tasks, not workers. This explains wage polarization, falling middle wages, and lower bottom-half inequality. www.restud.com/skill-replac... #REStud #EconSky
Buyers often make choices between differentiated products and negotiate prices specific to the choice. This paper specifies a model for this setting and estimates it on transactions data for the UK brick market. New paper by Smith, Beckert, and Takahashi www.restud.com?s=Competitio... #REStud
🚨🚨 NEW ECONOMICS JOURNAL 🚨🚨 We are excited to announce the launch of The Review of Economic Studies: Insights, a new open-access journal in the REStud family. Mission: publish concise, high-quality research on important questions across economics and economic policy.🧵1/13
How does consumer data let platforms shape competition? Elliott, Galeotti, Koh, and Li show how platforms can use consumer data to segment markets for the benefit of firms or consumers. www.restud.com/market-segme... #REStud #EconSky
The expansion of the railroad network was a crucial driver of growth and organizational change of the federal bureaucracy in the XIX century U.S. Decrease in the costs of monitoring bureaucrats was a key mechanism New paper by Mastrorocco & Teso www.restud.com/state-capaci... #REStud #EconSky
Germany’s temporary 2020 VAT cut boosted consumption spending, especially on durables, by 4.4% according to a HANK model disciplined by survey and scanner data. New paper by Bachmann, Born, Goldfayn-Frank, Kocharkov, Luetticke, and Weber www.restud.com/a-temporary-...
How does income inequality affect the economy? This paper shows rich and poor households save in different assets, affecting which firms get financing. More inequality means bank-dependent firms create fewer jobs. New paper by Doerr, Drechsel, and Lee: www.restud.com/income-inequ... #REStud
Should monetary policy lean against the wind? With macroprudential tools, it targets the output gap. Without them, it also manages capital flows to avoid liquidity traps—yet lower rates may be optimal. New paper by Bianchi and Coulibaly www.restud.com/liquidity-tr... #REStud
