The Quarterly Journal of Economics

1886 - 2025

Current editor(s): Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

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Volume 140, issue 4, 2025

The Economics of Spatial Mobility: Theory and Evidence Using Smartphone Data* pp. 2507-2570

Yuhei Miyauchi, Kentaro Nakajima and Stephen Redding

Distributional Growth Accounting: Education and the Reduction of Global Poverty, 1980–2019* pp. 2571-2618

Amory Gethin

Bottom-Up Markup Fluctuations* pp. 2619-2684

Ariel T Burstein, Vasco Carvalho and Basile Grassi

Are Inflationary Shocks Regressive? A Feasible Set Approach* pp. 2685-2747

Felipe Del Canto, John Grigsby, Eric Qian and Conor Walsh

Investor Memory and Biased Beliefs: Evidence from the Field* pp. 2749-2804

Zhengyang Jiang, Hongqi Liu, Cameron Peng and Hongjun Yan

Who You Gonna Call? Gender Inequality in External Demands for Parental Involvement* pp. 2805-2849

Kristy Buzard, Laura K Gee and Olga Stoddard

Insurance Versus Moral Hazard in Income-Contingent Student Loan Repayment* pp. 2851-2905

Tim de Silva

Conviction, Incarceration, and Recidivism: Understanding the Revolving Door* pp. 2907-2962

John Humphries, Aurélie Ouss, Kamelia Stavreva, Megan T Stevenson and Winnie van Dijk

Present Bias Unconstrained: Consumption, Welfare, and the Present-Bias Dilemma* pp. 2963-3013

Peter Maxted

The Macroeconomic Consequences of Exchange Rate Depreciations* pp. 3015-3065

Masao Fukui, Emi Nakamura and Jón Steinsson

Barriers to Global Capital Allocation* pp. 3067-3131

Bruno Pellegrino, Enrico Spolaore and Romain Wacziarg

What Drives Risky Prescription Opioid Use? Evidence From Migration* pp. 3133-3189

Amy Finkelstein, Matthew Gentzkow and Dean Li

Sexual Harassment in Public Spaces and Police Patrols: Experimental Evidence from Urban India pp. 3191-3231

Sofia Amaral, Girija Borker, Nathan Fiala, Anjani Kumar, Nishith Prakash and Maria Micaela Sviatschi

From Public Labs to Private Firms: Magnitude And Channels of Local R&D Spillovers* pp. 3233-3282

Antonin Bergeaud, Arthur Guillouzouic, Emeric Henry and Clément Malgouyres

Aggregation and the Estimation of Quality Change: Application to U.S. Import Prices* pp. 3283-3335

Marco Errico and Danial Lashkari

Volume 140, issue 3, 2025

Manufacturing Revolutions: Industrial Policy and Industrialization in South Korea* pp. 1683-1741

Nathan Lane

Systemic Discrimination: Theory and Measurement* pp. 1743-1799

J Aislinn Bohren, Peter Hull and Alex Imas

Structural Estimation Under Misspecification: Theory and Implications for Practice* pp. 1801-1855

Isaiah Andrews, Nano Barahona, Matthew Gentzkow, Ashesh Rambachan and Jesse Shapiro

The Race Between Education, Technology, and the Minimum Wage* pp. 1857-1899

Jonathan Vogel

Voluntary Minimum Wages: The Local Labor Market Effects of National Retailer Policies* pp. 1901-1958

Ellora Derenoncourt and David Weil

A Monetary-Fiscal Theory of Sudden Inflations* pp. 1959-2000

Marco Bassetto and David Miller

Micro MPCs and Macro Counterfactuals: The Case of the 2008 Rebates* pp. 2001-2052

Jacob D Orchard, Valerie Ramey and Johannes F Wieland

Collective Bargaining for Women: How Unions Can Create Female-Friendly Jobs* pp. 2053-2105

Viola Corradini, Lorenzo Lagos and Garima Sharma

Revealed Beliefs and the Marriage Market Return to Education* pp. 2107-2162

Alison Andrew and Abi Adams

The Optimal Taxation of Couples* pp. 2163-2211

Mikhail Golosov and Ilia Krasikov

The Long-Run Effects of America’s Largest Residential Racial Desegregation Program: Gautreaux* pp. 2213-2267

Eric Chyn, Robert Collinson and Danielle Sandler

Lives Versus Livelihoods: The Impact of the Great Recession on Mortality and Welfare* pp. 2269-2328

Amy Finkelstein, Matthew Notowidigdo, Frank Schilbach and Jonathan Zhang

What Works and for Whom? Effectiveness and Efficiency of School Capital Investments Across the U.S.* pp. 2329-2379

Barbara Biasi, Julien Lafortune and David Schönholzer

“Descended from Immigrants and Revolutionists”: How Family History Shapes Immigration Policy Making* pp. 2381-2457

James Feigenbaum, Maxwell Palmer and Benjamin Schneer

The Evolutionary Stability of Moral Foundations* pp. 2459-2506

Michelle Avataneo, Thomas Norman and Nicola Persico

Volume 140, issue 2, 2025

When Did Growth Begin? New Estimates of Productivity Growth in England from 1250 to 1870* pp. 835-888

Paul Bouscasse, Emi Nakamura and Jón Steinsson

Generative AI at Work* pp. 889-942

Erik Brynjolfsson, Danielle Li and Lindsey Raymond

Cognitive Endurance as Human Capital* pp. 943-1002

Christina Brown, Supreet Kaur, Geeta Kingdon and Heather Schofield

Can Pollution Markets Work in Developing Countries? Experimental Evidence from India* pp. 1003-1060

Michael Greenstone, Rohini Pande, Nicholas Ryan and Anant Sudarshan

The Impact of Being Denied a Wanted Abortion on Women and Their Children* pp. 1061-1110

Juliana Londoño-Vélez and Estefanía Saravia

Race to the Bottom: Competition and Quality in Science* pp. 1111-1185

Ryan Hill and Carolyn Stein

The Effects of Medical Debt Relief: Evidence from Two Randomized Experiments* pp. 1187-1241

Raymond Kluender, Neale Mahoney, Francis Wong and Wesley Yin

The Earnings and Labor Supply of U.S. Physicians* pp. 1243-1298

Joshua Gottlieb, Maria Polyakova, Kevin Rinz, Hugh Shiplett and Victoria Udalova

The Diffusion of New Technologies* pp. 1299-1365

Aakash Kalyani, Nicholas Bloom, Marcela Carvalho, Tarek Hassan, Josh Lerner and Ahmed Tahoun

“Something Works” in U.S. Jails: Misconduct and Recidivism Effects of the IGNITE Program* pp. 1367-1415

Marcella Alsan, Arkey Barnett, Peter Hull and Crystal S Yang

Teacher Labor Market Policy and the Theory of the Second Best* pp. 1417-1469

Michael Bates, Michael Dinerstein, Andrew C Johnston and Isaac Sorkin

Putting Quantitative Models to the Test: An Application to the U.S.-China Trade War* pp. 1471-1524

Rodrigo Adão, Arnaud Costinot and Dave Donaldson

Officer-Involved: The Media Language of Police Killings* pp. 1525-1580

Jonathan Moreno-Medina, Aurélie Ouss, Patrick Bayer and Bocar A Ba

Exploitation Through Racialization* pp. 1581-1631

Dan McGee

Wage Hysteresis and Entitlement Effects: The Persistent Impacts of a Temporary Overtime Policy* pp. 1633-1680

Simon Quach

Volume 140, issue 1, 2025

Trust at Scale: The Economic Limits of Cryptocurrencies and Blockchains* pp. 1-62

Eric Budish

A Welfare Analysis of Tax Audits Across the Income Distribution* pp. 63-112

William Boning, Nathaniel Hendren, Ben Sprung-Keyser and Ellen Stuart

Measuring and Mitigating Racial Disparities in Tax Audits* pp. 113-163

Hadi Elzayn, Evelyn Smith, Thomas Hertz, Cameron Guage, Arun Ramesh, Robin Fisher, Daniel E Ho and Jacob Goldin

The Global Race for Talent: Brain Drain, Knowledge Transfer, and Growth* pp. 165-238

Marta Prato

Reserves Were Not So Ample After All* pp. 239-281

Adam Copeland, Darrell Duffie and Yilin (David) Yang

LinkedOut? A Field Experiment on Discrimination in Job Network Formation* pp. 283-334

Yulia Evsyukova, Felix Rusche and Wladislaw Mill

Overinference from Weak Signals and Underinference from Strong Signals* pp. 335-401

Ned Augenblick, Eben Lazarus and Michael Thaler

Believed Gender Differences in Social Preferences* pp. 403-458

Christine L Exley, Oliver Hauser, Molly Moore and John-Henry Pezzuto

The Long-Run Impacts of Public Industrial Investment on Local Development and Economic Mobility: Evidence from World War II* pp. 459-520

Andrew Garin and Jonathan Rothbaum

War Reparations, Structural Change, and Intergenerational Mobility* pp. 521-584

Matti Mitrunen

Mandatory Notice of Layoff, Job Search, and Efficiency* pp. 585-633

Jonas Cederlöf, Peter Fredriksson, Arash Nekoei and David Seim

Do Financial Concerns Make Workers Less Productive?* pp. 635-689

Supreet Kaur, Sendhil Mullainathan, Suanna Oh and Frank Schilbach

Present Bias Amplifies the Household Balance-Sheet Channels of Macroeconomic Policy* pp. 691-743

Peter Maxted, David Laibson and Benjamin Moll

A Cognitive View of Policing* pp. 745-791

Oeindrila Dube, Sandy Jo MacArthur and Anuj K Shah

Costs of Financing U.S. Federal Debt Under a Gold Standard: 1791-1933* pp. 793-833

Jonathan Payne, Bálint Szőke, George Hall and Thomas Sargent