The Quarterly Journal of Economics

Vanguard: Black Veterans and Civil Rights After World War I* Abstract. Nearly 400,000 Black men were drafted into the National Army during World War I, where they toiled primarily as menial laborers in segregated uni

Recently accepted by #QJE, “Vanguard: Black Veterans and Civil Rights After World War I,” by Ang and Chinoy: doi.org/10.1093/qje/...

Dollar Dominance and The Transmission of Monetary Policy* Abstract. Has the dominance of the dollar in global trade rendered monetary policy ineffective? An emerging view contends that if a country invoices its ex

Recently accepted by #QJE, “Dollar Dominance and the Transmission of Monetary Policy,” by McLeay and Tenreyro: doi.org/10.1093/qje/...

Recently accepted by #QJE, “Political Foundations of Racial Violence in the Post-Reconstruction South,” by Testa (@patesta.bsky.social) and Williams: doi.org/10.1093/qje/...

Recently accepted by #QJE, “Failing Banks,” by Correia (@scorreia.com), Luck, and Verner (@emiverner.bsky.social): doi.org/10.1093/qje/...

Ideas Have Consequences The Impact of Law and Economics on American Justice* Abstract. This paper empirically studies the effects of the early law-and-economics movement on the U.S. judiciary. We focus on the Manne Economics Institu

Recently accepted by #QJE, “Ideas Have Consequences: The Impact of Law and Economics on American Justice,” by Ash (@elliottash.bsky.social), Chen, and Naidu: doi.org/10.1093/qje/...

Traditional Institutions in Modern Times: Dowries as Pensions When Sons Migrate* Abstract. This paper uses newly-collected data on the allocation of dowry to examine its role in resolving intergenerational frictions around migration in

Recently accepted by #QJE, “Traditional Institutions in Modern Times: Dowries as Pensions When Sons Migrate,” by Bau, Khanna, Low, and Voena: doi.org/10.1093/qje/...

Recently accepted by #QJE, “Aggregation and the Estimation of Quality Change: Application to U.S. Import Prices,” by Errico and Lashkari (@ldaniall.bsky.social): doi.org/10.1093/qje/...

Recently accepted by #QJE, “What Drives Risky Prescription Opioid Use? Evidence from Migration,” by Finkelstein, Gentzkow, and Li: doi.org/10.1093/qje/...

Recently accepted by #QJE, “The Economics of Spatial Mobility: Theory and Evidence Using Smartphone Data,” by Miyauchi, Nakajima, and Redding (@reddingecon.bsky.social): doi.org/10.1093/qje/...

Recently accepted by #QJE, “Conviction, Incarceration, and Recidivism: Understanding the Revolving Door,” by Humphries, Ouss, Stavreva, Stevenson, and van Dijk: doi.org/10.1093/qje/...

Insurance Versus Moral Hazard in Income-Contingent Student Loan Repayment* Abstract. Student loans with income-contingent repayment insure borrowers against income risk but can reduce their incentives to earn more. Using a change

Recently accepted by #QJE, “Insurance Versus Moral Hazard in Income-Contingent Student Loan Repayment,” by Tim de Silva (@timdesilva.me): doi.org/10.1093/qje/...

Investor Memory and Biased Beliefs: Evidence from the Field* Abstract. We survey a large, representative sample of retail investors in China to elicit their memories of stock market investments and their return expec

Recently accepted by #QJE, “Investor Memory and Biased Beliefs: Evidence from the Field,” by Jiang, Liu, Peng, and Yan: doi.org/10.1093/qje/...

From Public Labs to Private Firms: Magnitude and Channels of Local R&D Spillovers* Abstract. Introducing a new measure of scientific proximity between private firms and public research groups and exploiting a multi-billion euro financing

Recently accepted by #QJE, “From Public Labs to Private Firms: Magnitude and Channels of Local R&D Spillovers,” by Bergeaud (@abergeaud.bsky.social), Guillouzouic (@arthurgzouic.bsky.social), Henry, and Malgouyres: doi.org/10.1093/qje/...

Distributional Growth Accounting: Education and the Reduction of Global Poverty, 1980-2019* Abstract. This article quantifies the role played by education in the reduction of global poverty. I propose tools for identifying the contribution of scho

Recently accepted by #QJE, “Distributional Growth Accounting: Education and the Reduction of Global Poverty, 1980-2019,” by Amory Gethin: doi.org/10.1093/qje/...

Present Bias Unconstrained: Consumption, Welfare, and the Present-Bias Dilemma* Abstract. By augmenting the continuous-time specification of Harris and Laibson (2013) with the assumption that hard borrowing constraints do not bind in e

Recently accepted by #QJE, “Present Bias Unconstrained: Consumption, Welfare, and the Present-Bias Dilemma,” by Peter Maxted: doi.org/10.1093/qje/...

The Evolutionary Stability of Moral Foundations* ABSTRACT. Moral foundations theory is an influential empirical description of moral perception. According to this theory, individuals make moral judgments

#QJE Aug 2025, #15, “The Evolutionary Stability of Moral Foundations,” by Avataneo, Norman, and Persico: doi.org/10.1093/qje/...

#QJE Aug 2025, #14, “‘Descended from Immigrants and Revolutionists:’ How Family History Shapes Immigration Policymaking,” by Feigenbaum (@jamesfeigenbaum.bsky.social), Palmer (@maxwellpalmer.com), and Schneer: doi.org/10.1093/qje/...

#QJE Aug 2025, #13, “What Works and For Whom? Effectiveness and Efficiency of School Capital Investments Across the U.S.,” by Biasi (@barbarabiasi.com), Lafortune, and Schönholzer (@davidschonholzer.bsky.social): doi.org/10.1093/qje/...

#QJE Aug 2025, #12, “Lives Versus Livelihoods: The Impact of the Great Recession on Mortality and Welfare,” by Finkelstein, Notowidigdo (@profnoto.bsky.social), Schilbach, and Zhang: doi.org/10.1093/qje/...

#QJE Aug 2025, #11, “The Long-Run Effects of America’s Largest Residential Desegregation Program: Gautreaux,” by Chyn (ericchyn.bsky.social), Collinson (@racollinson.bsky.social), and Sandler (@dismalscientist86.bsky.social): doi.org/10.1093/qje/...

#QJE Aug 2025, #10, “The Optimal Taxation of Couples,” by Golosov and Krasikov: doi.org/10.1093/qje/...

Revealed Beliefs and the Marriage Market Return to Education* Abstract. We develop a new methodology to estimate subjective beliefs from hypothetical-choice data. Our identification approach is based on the novel insi

#QJE Aug 2025, #9, “Revealed Beliefs and the Marriage Market Return to Education,” by Andrew (@alisonandrew.bsky.social) and Adams (@abicadams.bsky.social): doi.org/10.1093/qje/...

Collective Bargaining for Women: How Unions Can Create Female-Friendly Jobs* ABSTRACT. We study the role of unions in improving workplaces for women. Starting in 2015, Brazil’s largest trade union federation made women central to it

#QJE Aug 2025, #8, “Bargaining for Women: How Unions Can Create Female-Friendly Jobs,” by Corradini, Lagos, and Sharma: doi.org/10.1093/qje/...

Micro MPCs and Macro Counterfactuals: The Case of the 2008 Rebates* ABSTRACT. We present evidence that the high estimated marginal propensities to consume (MPCs) from the leading household studies result in implausible macr

#QJE Aug 2025, #7, “Micro MPCs and Macro Counterfactuals: The Case of the 2008 Rebates,” by Orchard (@jakeorchard.bsky.social), Ramey, and Wieland: doi.org/10.1093/qje/...

A Monetary-Fiscal Theory of Sudden Inflations* ABSTRACT. This article posits an information channel as an explanation for sudden inflations. Households saving via nominal government bonds face a choice

#QJE Aug 2025, #6, “A Monetary-Fiscal Theory of Sudden Inflations,” by Bassetto and Miller (@dsmintex.bsky.social): doi.org/10.1093/qje/...

Voluntary Minimum Wages: The Local Labor Market Effects of National Retailer Policies* ABSTRACT. Low unionization rates, a falling real federal minimum wage, and outsourcing have hampered wage growth in the low-wage sector in the United State

#QJE Aug 2025, #5, “Voluntary Minimum Wages: The Local Labor Market Effects of National Retailer Policies,” by Derenoncourt and Weil: doi.org/10.1093/qje/...

The Race Between Education, Technology, and the Minimum Wage* ABSTRACT. What is the effect of the real minimum wage on wages and inequality? I develop a theory that nests the race between education and technology. The

#QJE Aug 2025, #4, “The Race Between Education, Technology, and the Minimum Wage,” by Jonathan Vogel (@jonathanvogel.bsky.social): doi.org/10.1093/qje/...

Structural Estimation Under Misspecification: Theory and Implications for Practice* ABSTRACT. A researcher can use a tightly parameterized structural model to obtain internally consistent estimates of a wide range of economically interesti

#QJE Aug 2025, #3, “Structural Estimation Under Misspecification: Theory and Implications for Practice,” by Andrews, Barahona (@nanobarahona.bsky.social), Gentzkow, Rambachan (@asheshrambachan.bsky.social), and Shapiro: doi.org/10.1093/qje/...

Systemic Discrimination: Theory and Measurement* Abstract. Economists often measure discrimination as disparities arising from the direct effects of group identity. We develop new tools to model and measu

#QJE Aug 2025, #2, “Systemic Discrimination: Theory and Measurement,” by Bohren, Hull (@instrumenthull.bsky.social), and Imas (@aleximas.bsky.social): doi.org/10.1093/qje/...

Manufacturing Revolutions: Industrial Policy and Industrialization in South Korea* Abstract. I study the effect of industrial policies on industrial development by considering an important episode during the East Asian miracle: South Kore

#QJE Aug 2025, #1, “Manufacturing Revolutions: Industrial Policy and Industrialization in South Korea,” by Nathan Lane (@nathanlane.bsky.social): doi.org/10.1093/qje/...