AEA Journals

Monotonicity among Judges: Evidence from Judicial Panels and Consequences for Judge IV Designs (Forthcoming Article) - Judge IV designs rely on monotonicity—each judge being weakly stricter than more lenient judges in all cases. I measure monotonicity in judicial panels in five different settin...

Forthcoming in the AER: "Monotonicity among Judges: Evidence from Judicial Panels and Consequences for Judge IV Designs" by Henrik Sigstad. www.aeaweb.org/articles?id=...

Higher-Order Beliefs and (Mis)learning from Prices (Forthcoming Article) - We study misperceptions of private-signal correlation in an incomplete-information Cournot duopoly game. Exaggerating the correlation between players’ demand signals is benefic...

Forthcoming in AEJ: Microeconomics: "Higher-Order Beliefs and (Mis)learning from Prices" by Kevin He and Jonathan Libgober. www.aeaweb.org/articles?id=...

American Economic Journal: Microeconomics Vol. 17 No. 4 November 2025

The November 2025 issue of AEJ: Microeconomics (17, 4) is now available online at aeaweb.org/issues/823.

Intimate Partner Violence in Low- and Middle-Income Countries: Insights from Economic Research (Forthcoming Article) - Intimate partner violence (IPV) is a pervasive global issue, with approximately one in three women experiencing IPV over their lifetime. IPV prevalence is higher in low- and mi...

Forthcoming in the JEL: "Intimate Partner Violence in Low- and Middle-Income Countries: Insights from Economic Research" by Manisha Shah and Lydia Barski. www.aeaweb.org/articles?id=...

Exploiting Rivals’ Strengths (Forthcoming Article) - We analyze oligopolistic competition in which firms use contracts contingent on what buyers purchase from their rivals. We present a new mechanism through which a dominant firm...

Forthcoming in AEJ: Microeconomics: "Exploiting Rivals’ Strengths" by Giacomo Calzolari and Vincenzo Denicolò. www.aeaweb.org/articles?id=...

Health Sector Structural Change (Forthcoming Article) - The U.S. health-services sector has grown both in terms of its expenditure share and relative price. Using a two-sector general equilibrium model with monopolistic competition ...

Forthcoming in AEJ: Macroeconomics: "Health Sector Structural Change" by Nick Pretnar and Maria Feldman. www.aeaweb.org/articles?id=...

The Effects of Sin Taxes and Advertising Restrictions in a Dynamic Equilibrium (Forthcoming Article) - We develop a dynamic equilibrium model of firm competition to analyze the effects of counterfactual policies, such as taxes and advertising restrictions, on pricing, advertisin...

Forthcoming in AEJ: Microeconomics: "The Effects of Sin Taxes and Advertising Restrictions in a Dynamic Equilibrium" by Rossi Abi-Rafeh, Pierre Dubois, Rachel Griffith, and Martin O’Connell. www.aeaweb.org/articles?id=...

Work From Home and the Office Real Estate Apocalypse (Forthcoming Article) - We show remote work led to large drops in lease revenues, occupancy, and market rents in the commercial office sector. We revalue New York City office buildings taking into acc...

Forthcoming in the AER: "Work From Home and the Office Real Estate Apocalypse" by Arpit Gupta, Vrinda Mittal, and Stijn Van Nieuwerburgh. www.aeaweb.org/articles?id=...

Dynamic Preference “Reversals” and Time Inconsistency (Forthcoming Article) - We study whether it’s possible to identify time-inconsistent preferences in empirical designs where preferences are elicited in advance at time 0, and then again at time 1, aft...

Forthcoming in AEJ: Microeconomics: "Dynamic Preference “Reversals” and Time Inconsistency" by Philipp Strack and Dmitry Taubinsky. www.aeaweb.org/articles?id=...

Screening Adaptive Cartels (Forthcoming Article) - We propose an equilibrium theory of data-driven antitrust oversight in which regu- lators launch investigations on the basis of suspicious bidding patterns and cartels can adap...

Forthcoming in AER: Insights: "Screening Adaptive Cartels" by Juan Ortner, Sylvain Chassang, and Kei Kawai. www.aeaweb.org/articles?id=...

Monetary Cooperation during Global Inflation Surges (Forthcoming Article) - We study optimal monetary policy during times of global scarcity of tradable goods. The optimal monetary response entails a surge in inflation, which helps rebalance production...

Forthcoming in the AER: "Monetary Cooperation during Global Inflation Surges" by Luca Fornaro and Federica Romei. www.aeaweb.org/articles?id=...

Optimal Design of Market Access (Forthcoming Article) - We study a data provider’s problem of optimally designing and selling marketing lists that enable a retailer with private types to access consumers with heterogeneous character...

Forthcoming in AEJ: Microeconomics: "Optimal Design of Market Access" by Takuro Yamashita and Shuguang Zhu. www.aeaweb.org/articles?id=...

Gender Differences in Economics Seminars (Forthcoming Article) - We assess whether men and women are treated differently when presenting their economics research. We collected data across thousands of seminars, job market talks and conferenc...

Forthcoming in the AER: "Gender Differences in Economics Seminars" by Pascaline Dupas, Amy Handlan, Alicia Sasser Modestino, Muriel Niederle, Mateo Seré, Haoyu Sheng, Justin Wolfers, and Seminar Dynamics Collective. www.aeaweb.org/articles?id=...

Across-Country Wage Compression in Multinationals (Forthcoming Article) - Many employers link wages at establishments outside of the home region to the level at headquarters. We show this using new data on 1,200 multinationals’ establishments across ...

Forthcoming in the AER: "Across-Country Wage Compression in Multinationals" by Jonas Hjort, Xuan Li, and Heather Sarsons. www.aeaweb.org/articles?id=...

Gender and the macroeconomy How has women's labor force participation shaped America's business cycles?

Changes in women's labor force participation help to explain both the Great Moderation and jobless recoveries, something that standard macroeconomic models of the business cycle miss, says Stefania Albanesi of @univmiami.bsky.social. #econsky www.aeaweb.org/research/bus...

Doctor Decision Making and Patient Outcomes (Forthcoming Article) - Doctors often treat similar patients differently, which affects health outcomes and medical spending. We assess the recent literature on doctor decision making through the lens...

Forthcoming in the JEL: "Doctor Decision Making and Patient Outcomes" by Janet Currie, W. Bentley MacLeod, and Kate Musen. www.aeaweb.org/articles?id=...

On Taking a Skewed Risk More Than Once (Forthcoming Article) - Penny-picking refers to the often-observed phenomenon of repeatedly taking negatively skewed risks and seems directly at odds with evidence on (positive-)skewness-seeking as ob...

Forthcoming in AEJ: Microeconomics: "On Taking a Skewed Risk More Than Once" by Sebastian Ebert and Mats Köster. www.aeaweb.org/articles?id=...

Polluted IPOs (Forthcoming Article) - Chinese companies must undergo a review by a regulator-appointed committee before proceeding with initial public offerings (IPOs). We find that firms, particularly politically ...

Forthcoming in AEJ: Economic Policy: "Polluted IPOs" by Meng Miao, Wei Wang, and Zhengyu Zuo. www.aeaweb.org/articles?id=...

Entertainment technology and work behavior How did the rollout of broadcast television during the mid-twentieth century affect labor supply decisions in the United States?

The expansion of TV stations in the mid-twentieth-century led to more leisure and earlier retirement among older Americans, say researchers at @cmu.edu and the US Treasury. #econsky www.aeaweb.org/research/cha...

Congratulations to Joel Mokyr, Philippe Aghion, and Peter Howitt on being awarded the 2025 Nobel Prize in Economic Sciences Joel Mokyr, Philippe Aghion, and Peter Howitt lauded for showing how new technology can drive sustained growth.

Congratulations to Joel Mokyr of Northwestern University; Philippe Aghion of @college-de-france.fr, INSEAD, and LSE; and Peter Howitt of Brown University on winning the Nobel Prize in Economic Sciences! #econsky www.aeaweb.org/news/nobel-p...

Punishing Financial Crimes: The Impact of Prison Sentences on Defendants and Their Colleagues (Forthcoming Article) - Financial crimes are costly to society but less severely punished than other nonviolent crimes. We investigate whether prison sentences reduce financial crimes. Using random as...

Forthcoming in AEJ: Economic Policy: "Punishing Financial Crimes: The Impact of Prison Sentences on Defendants and Their Colleagues" by Kristiina Huttunen, Martti Kaila, David C. Macdonald, and Emily Nix. www.aeaweb.org/articles?id=...

Monopsony in Labor Markets: Theory, Evidence, and Public Policy by Brianna L. Alderman and Roger D. Blair (Forthcoming Article)

Forthcoming book review in the JEL: "Monopsony in Labor Markets: Theory, Evidence, and Public Policy by Brianna L. Alderman and Roger D. Blair" by Marshall Steinbaum. www.aeaweb.org/articles?id=...

Taxing the Wealth of the Poor: Evidence from the Danish Old-Age Support Asset Test (Forthcoming Article) - We document strong behavioral responses to an asset test for an old-age support program in Denmark using comprehensive administrative data. We show that the density distributio...

Forthcoming in AER: Insights: "Taxing the Wealth of the Poor: Evidence from the Danish Old-Age Support Asset Test" by Niels Johannesen, Johan Sæverud, and Emmanuel Saez. www.aeaweb.org/articles?id=...

Tax Compliance in the Rental Housing Market: Evidence from a Field Experiment (Forthcoming Article) - We study rental income tax compliance using novel third-party information and a large-scale randomized field experiment. The third-party information combines register data on t...

Forthcoming in AEJ: Economic Policy: "Tax Compliance in the Rental Housing Market: Evidence from a Field Experiment" by Essi Eerola, Tuomas Kosonen, Kaisa Kotakorpi, and Teemu Lyytikäinen. www.aeaweb.org/articles?id=...

Turbocharging Profits? Contract Gaming and Revenue Allocation in Healthcare (Forthcoming Article) - Firms often exploit weaknesses in government contracts to boost revenues, yet little is known about how they allocate these funds. We study how hospitals allocated $3 billion o...

Forthcoming in AEJ: Applied Economics: "Turbocharging Profits? Contract Gaming and Revenue Allocation in Healthcare" by Atul Gupta, Ambar La Forgia, and Adam Sacarny. www.aeaweb.org/articles?id=...

The Segregative Effects of Charter Schools (Forthcoming Article) - I study the effects of charters on student racial segregation, identifying a novel mechanism: the assignment of white and nonwhite students to regular classrooms within their s...

Forthcoming in AEJ: Economic Policy: "The Segregative Effects of Charter Schools" by Angela Crema. www.aeaweb.org/articles?id=...

Fostering Cooperation: The Conflict-Reducing Effects of Inter-Village Competition for Government Transfers (Forthcoming Article) - We examine the effect of inter-group competition on within-group violent conflict in Indonesia. Using a triple-differences design, we find that higher competition for national ...

Forthcoming in AEJ: Applied Economics: "Fostering Cooperation: The Conflict-Reducing Effects of Inter-Village Competition for Government Transfers" by Teevrat Garg, Caterina Gennaioli, Stefania Lovo, and Gregor Singer. www.aeaweb.org/articles?id=...

The Unintended Consequences of Academic Leniency (Forthcoming Article) - Education is widely recognized as the primary driver of human capital accumulation. However, policies designed to promote educational attainment often overlook students’ endoge...

Forthcoming in AEJ: Economic Policy: "The Unintended Consequences of Academic Leniency" by A. Brooks Bowden, Viviana Rodriguez, and Zach Weingarten. www.aeaweb.org/articles?id=...

Housing supply skepticism Christopher Elmendorf discusses the views of the US public on the housing market.

Americans understand supply and demand when it comes to cars and crops, but struggle to apply the same logic to housing markets. We spoke with @cselmendorf.bsky.social of UC Davis about what this might mean for economic messaging on housing policy. #ResearchHighlight www.aeaweb.org/research/hou...

Unconditional Convergence in Manufacturing: A Reassessment (Forthcoming Article) - The movement of labor out of the agricultural sector is a central feature of the development process. A long-held belief is that successful development requires that much of th...

Forthcoming in AER: Insights: "Unconditional Convergence in Manufacturing: A Reassessment" by Berthold Herrendorf, Richard Rogerson, and Ákos Valentinyi. www.aeaweb.org/articles?id=...