The Quarterly Journal of Economics

Republican Support and Economic Hardship: The Enduring Effects Of the Opioid Epidemic Abstract. In this paper, we establish a causal connection between two of the most salient social developments in the United States over the past decades: t

Recently accepted by #QJE, “Republican Support and Economic Hardship: The Enduring Effects of the Opioid Epidemic,” by Arteaga (@caroartc.bsky.social) and Barone (@vickybarone.bsky.social): doi.org/10.1093/qje/...

Permanent Capital Losses After Banking Crises Abstract. We study the mechanisms driving bank losses across historical banking crises in 46 economies and the effectiveness of policy interventions in res

Recently accepted by #QJE, “Permanent Capital Losses After Banking Crises,” by Baron, Laeven, Pénasse, and Usenko: doi.org/10.1093/qje/...

Bargaining and Inequality in The Labor Market* Abstract. We use novel surveys of firms and workers, linked to administrative employer-employee data, to study the prevalence and importance of individual

Recently accepted by #QJE, “Bargaining and Inequality in the Labor Market,” by Caldwell (@sydneecaldwell.bsky.social), Haegele, and Heining: doi.org/10.1093/qje/...

Diversifying Society’s Leaders? The Determinants and Causal Effects of Admission to Highly Selective Private Colleges* Abstract. We use anonymized admissions data from several colleges linked to income tax records and SAT and ACT test scores to study the determinants and ca

Recently accepted by #QJE, “Diversifying Society’s Leaders? The Determinants and Causal Effects of Admission to Highly Selective Private Colleges,” by Chetty (@Oppinsights), Deming, and Friedman: doi.org/10.1093/qje/...

Digital Distractions with Peer Influence: The Impact of Mobile App Usage on Academic and Labor Market Outcomes* Abstract. Concerns about excessive mobile phone use among youth are mounting. We present estimates of both behavioral and contextual peer effects, along wi

Recently accepted by #QJE, “Digital Distractions with Peer Influence: The Impact of Mobile App Usage on Academic and Labor Market Outcomes,” by Barwick, Chen, Fu, and Li: doi.org/10.1093/qje/...

The Price of Housing in the United States, 1890–2006* Abstract. We construct the first annual market rent and home sales price series for American cities over the 20th century using 2.7 million newspaper real

Recently accepted by #QJE, “The Price of Housing in the United States, 1890–2006,” by Lyons (@ronanlyons), Shertzer (@econhist-allday), Gray (@econhistoryorbust), and Agorastos: doi.org/10.1093/qje/...

Aggregation and the Estimation of Quality Change: Application to U.S. Import Prices* Abstract. We characterize the contribution of changes in quality, price, and variety entry/exit to the aggregate price index for smooth, invertible demand

#QJE Nov 2025, #15, “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/...

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 multibillion-euro financing p

#QJE Nov 2025, #14, “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/...

Sexual Harassment in Public Spaces and Police Patrols: Experimental Evidence from Urban India Abstract. We conduct a randomized controlled trial to evaluate the effect of an innovative police patrol program on sexual harassment in public spaces in H

#QJE Nov 2025, #13, “Sexual Harassment in Public Spaces and Police Patrols: Experimental Evidence from Urban India,” by Amaral, Borker, Fiala, Kumar, Prakash, and Sviatschi: doi.org/10.1093/qje/...

What Drives Risky Prescription Opioid Use? Evidence From Migration* ABSTRACT. We develop and estimate a dynamic model of risky prescription opioid use that allows us to unpack the role of person- and place-specific drivers

#QJE Nov 2025, #12, “What Drives Risky Prescription Opioid Use? Evidence from Migration,” by Finkelstein, Gentzkow, and Li: doi.org/10.1093/qje/...

Barriers to Global Capital Allocation* ABSTRACT. Observed international investment positions and cross-country heterogeneity in rates of return to capital are hard to reconcile with frictionless

#QJE Nov 2025, #11, “Barriers to Global Capital Allocation,” by Pellegrino, Spolaore, and Wacziarg: doi.org/10.1093/qje/...

The Macroeconomic Consequences of Exchange Rate Depreciations* Abstract. We study the consequences of “regime-induced” exchange rate depreciations by comparing outcomes for peggers versus floaters to the U.S. dollar in

#QJE Nov 2025, #10, “The Macroeconomic Consequences of Exchange Rate Depreciations,” by Fukui, Nakamura, and Steinsson: 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

#QJE Nov 2025, #9, “Present Bias Unconstrained: Consumption, Welfare, and the Present-Bias Dilemma,” by Peter Maxted: doi.org/10.1093/qje/...

Conviction, Incarceration, and Recidivism: Understanding the Revolving Door* Abstract. Noncarceral conviction is a common outcome of criminal court cases: for every person incarcerated, there are approximately three who were recentl

#QJE Nov 2025, #8, “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

#QJE Nov 2025, #7, “Insurance Versus Moral Hazard in Income-Contingent Student Loan Repayment,” by Tim de Silva (@timdesilva.me): doi.org/10.1093/qje/...

Who You Gonna Call? Gender Inequality in External Demands for Parental Involvement* ABSTRACT. Gender imbalance in time spent on child-rearing causes gender inequalities in labor market outcomes, human capital accumulation, and economic mob

#QJE Nov 2025, #6, “Who You Gonna Call? Gender Inequality in External Demands for Parental Involvement,” by Buzard (@kbuzard7.bsky.social), Gee (@laurakgee.bsky.social), and Stoddard (@olgastoddard.bsky.social): 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

#QJE Nov 2025, #5, “Investor Memory and Biased Beliefs: Evidence from the Field,” by Jiang, Liu, Peng, and Yan: doi.org/10.1093/qje/...

Are Inflationary Shocks Regressive? A Feasible Set Approach* ABSTRACT. We develop a framework to measure the welfare impact of macroeconomic shocks throughout the distribution. The first-order impact of a shock is su

#QJE Nov 2025, #4, “Are Inflationary Shocks Regressive? A Feasible Set Approach,” by Del Canto (@pipeton8.bsky.social), Grigsby (@johngrigsby.bsky.social), Qian (@ericqian.bsky.social), and Walsh (@conorwalsh.bsky.social): doi.org/10.1093/qje/...

Bottom-Up Markup Fluctuations* Abstract. We study markup cyclicality in a granular macroeconomic model with oligopolistic competition. We first characterize how firm, sectoral, and aggre

#QJE Nov 2025, #3, “Bottom-Up Markup Fluctuations,” by Burstein, Carvalho, and Grassi (@basileg.bsky.social): 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

#QJE Nov 2025, #2, “Distributional Growth Accounting: Education and the Reduction of Global Poverty, 1980-2019,” by Amory Gethin: doi.org/10.1093/qje/...

The Economics of Spatial Mobility: Theory and Evidence Using Smartphone Data* ABSTRACT. We develop a tractable quantitative framework for modeling the rich patterns of spatial mobility observed in smartphone data. We show that travel

#QJE Nov 2025, #1, “The Economics of Spatial Mobility: Theory and Evidence Using Smartphone Data,” by Miyauchi, Nakajima, and Redding (@reddingecon.bsky.social): doi.org/10.1093/qje/...

Volume 140 Issue 4 | The Quarterly Journal of Economics | Oxford Academic The official journal of the President and Fellows of Harvard University. The oldest professional journal of economics in the English language, it covers all aspects of the field.

The November 2025 issue of the #QJE is now online here: academic.oup.com/qje/issue/14...

The Macroeconomic Consequences of Exchange Rate Depreciations Abstract. We study the consequences of “regime-induced” exchange rate depreciations by comparing outcomes for peggers versus floaters to the US dollar in r

Recently accepted by #QJE, “The Macroeconomic Consequences of Exchange Rate Depreciations,” by Fukui, Nakamura, and Steinsson: doi.org/10.1093/qje/...

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/...