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False Dawn: The New Deal and the Promise of Recovery, 1933鈥�1947 by George Selgin

By Joshua K. Hausman

Journal of Economic Literature

The effects of remote work on the disability employment gap

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A rise in work from home explains most of the postpandemic gain in full-time employment among people with physical disabilities.

蝌蚪网

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Nature, Nurture, and Socioeconomic Outcomes: New Evidence from Sib Pairs and Molecular Genetic Data

By Gareth Markel, Rafael Ahlskog, Joakim Coleman Ebeltoft, 搁别苍茅 惭玫迟迟耻蝉, Sven Oskarsson, Uku Vainik, Eivind Ystrom, and Jonathan Pierre Beauchamp

蝌蚪网 Review: Insights

A consequence of Mendel鈥檚 First Law is that siblings' genetic relatedness varies randomly (with a mean of 50%). We use molecular genetic data to compute the genetic relatedness of ~80,000 sib pairs. We then compare the pairs' genetic relatedness to thei...

Optimal Costly Oversight with Investment and Cream-Skimming

By Sumeyra Akin and Tibor Heumann

蝌蚪网 Journal: Microeconomics

Transplant center oversight鈥攃onducted through costly flagging based on survival rates鈥攊s intended to improve outcomes. However, it has faced challenges because centers strategically select patients (and organs) to improve their reported outcomes. W...

Environmental market design

[Research Highlight]

June 02, 2026

Will Rafey discusses how contracts to remediate or restore Florida鈥檚 wetlands generated billions in gains from trade, but also increased total regional flood damage.

The wrong side of the tracks

[Research Highlight]

May 14, 2026

Eric Chyn discusses the effects of racial segregation on long-run economic outcomes.

Coarse Memory and Plausible Narratives

By Francesco Bilotta and Giacomo Manferdini

蝌蚪网 Journal: Microeconomics

We develop a dynamic model of narrative-based political competition. Voters recall the frequency of policies and outcomes, but not their correlation. Politicians exploit such coarse memory by crafting plausible narratives that overstate their policy鈥�...

Matching with Strategic Consistency

By Marzena Rostek and Nathan Yoder

蝌蚪网 Journal: Microeconomics

In many environments, agents form agreements that have externalities or are multilateral, and may view some agreements as substitutable and others as complementary. This paper presents an approach that ensures the existence of stable outcomes in any en...

Shaping Institutions

By William Fuchs and Satoshi Fukuda

蝌蚪网 Journal: Applied Economics

We propose a simple model of the evolution of institutional strength, where leaders' actions have a persistent effect by shaping the norms of the institutions they lead. This leads to different long-run behaviors even for institutions with the same form...

Campaign Connections

By Samuel Bazzi and Claudio Labanca

蝌蚪网 Journal: Economic Policy

This paper explores the labor market returns to working for a victorious political campaign. Using unique administrative data from Brazil, we track campaign workers鈥� employment and earnings before and after close mayoral elections over nearly 20 years...

Sovereign Debt Restructuring and Reduction in Debt-to-GDP Ratio

By Sakai Ando, Tamon Asonuma, Prachi Mishra, and Alexandre Sollaci

蝌蚪网 Journal: Macroeconomics

How do sovereign debt restructurings affect debt-to-GDP ratios? We explore this empirically using a comprehensive dataset covering 115 countries over 1950鈥�2021. After addressing selection bias through an Augmented Inverse Probability Weighted estimator,...

General Equilibrium Effects in Space: Theory and Measurement

By Rodrigo 础诲茫辞, Costas Arkolakis, and Federico Esposito

蝌蚪网 Journal: Macroeconomics

We examine the general-equilibrium effect of the China shock on US regions. We demonstrate that spatial linkages intensify the shock鈥檚 negative impact on employment across regions, leading to differential effects that are substantially larger than predi...

Today鈥檚 Ombuds Drop-In Hour and Recognition for Team Member Dr. Brent Epperson

[News]

June 23, 2026

View the 蝌蚪网 Member Announcement from June 24, 2026.

Comment on 鈥淒evelopment Effects of Electrification: Evidence from the Topographic Placement of Hydropower Plants in Brazil鈥�

By 闯枚谤驳 Ankel-Peters, Gunther Bensch, and Colin Vance

蝌蚪网 Journal: Applied Economics

Lipscomb, Mobarak, and Barham (2013) document large positive effects of electrification in Brazil due to broad-based improvements in labor productivity. They instrument electrification by simulating a hypothetical power grid roll-out driven solely by ge...

On the Effects of Monetary Policy Shocks on Income and Consumption Heterogeneity

By Minsu Chang and Frank Schorfheide

蝌蚪网 Journal: Macroeconomics

We use the functional autoregressive framework of Chang, Chen, and Schorfheide (2024) to examine the effects of monetary policy shocks on the cross-sectional distributions of U.S. earnings, consumption, and financial income. An expansionary shock reduces ...

Time-Varying Cost of Distancing: Distancing Fatigue and Lockdowns

By Christoph Carnehl, Satoshi Fukuda, and Nenad Kos

蝌蚪网 Journal: Microeconomics

We study a behavioral SIR model with time-varying costs of distancing. We explore the consequences of distancing fatigue and public policies. For a second wave to arise, a steep increase in distancing cost is necessary. We introduce prudent distancing ...

An Experimental Implementation of the Core

By Ailin Leng

蝌蚪网 Journal: Microeconomics

This study experimentally examines a non-cooperative implementation of the core. The protocol adopts a continuous-time frame, which allows a flexible coalition formation process. In the experiment, the core can be a singleton, a set of points that exclu...

Increasing Employment with Coarse Information

By Surajeet Chakravarty, Todd R. Kaplan, and Luke Lindsay

蝌蚪网 Journal: Microeconomics

We investigate whether an agency can increase employment by strategically coarsening information provided to employers about workers' skills. Theoretically, we find that such an increase is possible under fixed wages, and a range of employment levels c...

The Dynamics of Global Sourcing

By Trang Hoang

蝌蚪网 Journal: Microeconomics

This paper studies a model of heterogeneous importers that incorporates static cross-country interdependence and dynamic dependence in firmlevel decisions. Using data on Chinese importers between 2000鈥�2006, I find that source countries are complement...