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 138, issue 4, 2023

Cognitive Uncertainty* pp. 2021-2067

Benjamin Enke and Thomas Graeber

Gender Differences in Job Search and the Earnings Gap: Evidence from the Field and Lab* pp. 2069-2126

Patricia Cortés, Jessica Pan, Laura Pilossoph, Ernesto Reuben and Basit Zafar

A Fiscal Theory of Persistent Inflation* pp. 2127-2179

Francesco Bianchi, Renato Faccini and Leonardo Melosi

Children’s Indirect Exposure to the U.S. Justice System: Evidence From Longitudinal Links between Survey and Administrative Data* pp. 2181-2224

Keith Finlay, Michael Mueller-Smith and Brittany Street

What We Teach About Race and Gender: Representation in Images and Text of Children’s Books* pp. 2225-2285

Anjali Adukia, Alex Eble, Emileigh Harrison, Hakizumwami Birali Runesha and Teodora Szasz

Labor Market Dynamics and Development* pp. 2287-2325

Kevin Donovan, Will Jianyu Lu and Todd Schoellman

A Quantity-Driven Theory of Term Premia and Exchange Rates* pp. 2327-2389

Robin Greenwood, Samuel Hanson, Jeremy C Stein and Adi Sunderam

Buyers’ Sourcing Strategies and Suppliers’ Markups in Bangladeshi Garments* pp. 2391-2450

Julia Cajal-Grossi, Rocco Macchiavello and Guillermo Noguera

Search Frictions and Efficiency in Decentralized Transport Markets* pp. 2451-2503

Giulia Brancaccio, Myrto Kalouptsidi, Theodore Papageorgiou and Nicola Rosaia

The Damages and Distortions from Discrimination in the Rental Housing Market* pp. 2505-2557

Peter Christensen and Christopher Timmins

Economic Consequences of Kinship: Evidence From U.S. Bans on Cousin Marriage* pp. 2559-2606

Arkadev Ghosh, Sam Il Myoung Hwang and Munir Squires

Seeing What is Representative* pp. 2607-2657

Ignacio Esponda, Ryan Oprea and Sevgi Yuksel

Volume 138, issue 3, 2023

Ai-Tocracy pp. 1349-1402

Martin Beraja, Andrew Kao, David Yang and Noam Yuchtman

Justifying Dissent pp. 1403-1451

Leonardo Bursztyn, Georgy Egorov, Ingar Haaland, Aakaash Rao and Christopher Roth

Misdemeanor Prosecution pp. 1453-1505

Amanda Agan, Jennifer L Doleac and Anna Harvey

The Geography of Unemployment pp. 1507-1576

Adrien Bilal

The Other Great Migration: Southern Whites and the New Right pp. 1577-1647

Samuel Bazzi, Andreas Ferrara, Martin Fiszbein, Thomas Pearson and Patrick Testa

Market Power and Spatial Competition in Rural India pp. 1649-1711

Shoumitro Chatterjee

Overreaction in Expectations: Evidence and Theory pp. 1713-1764

Hassan Afrouzi, Spencer Y Kwon, Augustin Landier, Yueran Ma and David Thesmar

Imperfect Risk Sharing and the Business Cycle pp. 1765-1815

David Berger, Luigi Bocola and Alessandro Dovis

Cultural Distance and Conflict-Related Sexual Violence pp. 1817-1861

Eleonora Guarnieri and Ana Tur-Prats

The Political Economics of Green Transitions pp. 1863-1906

Timothy Besley and Torsten Persson

Regulating Untaxable Externalities: Are Vehicle Air Pollution Standards Effective and Efficient? pp. 1907-1976

Mark R Jacobsen, James M Sallee, Joseph Shapiro and Arthur A van Benthem

Visual Inference and Graphical Representation in Regression Discontinuity Designs pp. 1977-2019

Christina Korting, Carl Lieberman, Jordan Matsudaira, Zhuan Pei and Yi Shen

Volume 138, issue 2, 2023

Does Directed Innovation Mitigate Climate Damage? Evidence from U.S. Agriculture pp. 637-701

Jacob Moscona and Karthik A Sastry

How do Campaigns Shape Vote Choice? Multicountry Evidence from 62 Elections and 56 TV Debates pp. 703-767

Caroline Le Pennec and Vincent Pons

Welfare and Output With Income Effects and Taste Shocks pp. 769-834

David Baqaee and Ariel Burstein

Use It or Lose It: Efficiency and Redistributional Effects of Wealth Taxation pp. 835-894

Fatih Guvenen, Gueorgui Kambourov, Burhan Kuruscu, Sergio Ocampo and Daphne Chen

Cutting the Innovation Engine: How Federal Funding Shocks Affect University Patenting, Entrepreneurship, and Publications pp. 895-954

Tania Babina, Alex Xi He, Sabrina T Howell, Elisabeth Perlman and Joseph Staudt

Learning from Shared News: When Abundant Information Leads to Belief Polarization pp. 955-1000

T Renee Bowen, Danil Dmitriev and Simone Galperti

Why do Borrowers Default on Mortgages? pp. 1001-1065

Peter Ganong and Pascal Noel

Web of Power: How Elite Networks Shaped War and Politics in China pp. 1067-1108

Ying Bai, Ruixue Jia and Jiaojiao Yang

Globalization, Trade Imbalances, and Labor Market Adjustment pp. 1109-1171

Rafael Dix-Carneiro, João Paulo Pessoa, Ricardo Reyes-Heroles and Sharon Traiberman

The Fractured-Land Hypothesis pp. 1173-1231

Jesus Fernandez-Villaverde, Mark Koyama, Youhong Lin and Tuan-Hwee Sng

Let the Worst One Fail: A Credible Solution to the Too-Big-To-Fail Conundrum pp. 1233-1271

Thomas Philippon and Olivier Wang

The Refugee’s Dilemma: Evidence from Jewish Migration out of Nazi Germany pp. 1273-1345

Johannes Buggle, Thierry Mayer, Seyhun Orcan Sakalli and Mathias Thoenig

Volume 138, issue 1, 2023

When Should You Adjust Standard Errors for Clustering? pp. 1-35

Alberto Abadie, Susan Athey, Guido W Imbens and Jeffrey Wooldridge

The Evolution of Access to Public Accommodations in the United States pp. 37-102

Lisa D Cook, Maggie Jones, Trevon Logan and David Rosé

Increasing the Demand for Workers with a Criminal Record pp. 103-150

Zoë Cullen, Will Dobbie and Mitchell Hoffman

Improving Workplace Climate in Large Corporations: A Clustered Randomized Intervention pp. 151-203

Sule Alan, Gozde Corekcioglu and Matthias Sutter

Asset Specificity of Nonfinancial Firms pp. 205-264

Amir Kermani and Yueran Ma

Memory and Probability pp. 265-311

Pedro Bordalo, John J Conlon, Nicola Gennaioli, Spencer Y Kwon and Andrei Shleifer

Economic Agents as Imperfect Problem Solvers pp. 313-362

Cosmin Ilut and Rosen Valchev

The Long-Term Effects of Universal Preschool in Boston pp. 363-411

Guthrie Gray-Lobe, Parag Pathak and Christopher Walters

Inflammatory Political Campaigns and Racial Bias in Policing pp. 413-463

Pauline Grosjean, Federico Masera and Hasin Yousaf

New Deal, New Patriots: How 1930s Government Spending Boosted Patriotism During World War II pp. 465-513

Bruno Caprettini and Hans-Joachim Voth

Top Wealth in America: New Estimates Under Heterogeneous Returns pp. 515-573

Matthew Smith, Owen Zidar and Eric Zwick

Corruption in Customs pp. 575-636

Cyril Chalendard, Ana M Fernandes, Gaël Raballand and Bob Rijkers

Volume 137, issue 4, 2023

Systemic Discrimination Among Large U.S. Employers pp. 1963-2036

Patrick Kline, Evan K Rose and Christopher Walters

Valuing the Global Mortality Consequences of Climate Change Accounting for Adaptation Costs and Benefits pp. 2037-2105

Tamma Carleton, Amir Jina, Michael Delgado, Michael Greenstone, Trevor Houser, Solomon Hsiang, Andrew Hultgren, Robert E Kopp, Kelly E McCusker, Ishan Nath, James Rising, Ashwin Rode, Hee Kwon Seo, Arvid Viaene, Jiacan Yuan and Alice Tianbo Zhang

Reshaping Global Trade: The Immediate and Long-Run Effects of Bank Failures pp. 2107-2161

Chenzi Xu

Sexual Harassment and Gender Inequality in the Labor Market pp. 2163-2212

Olle Folke and Johanna Rickne

The Quality and Efficiency of Public and Private Firms: Evidence from Ambulance Services pp. 2213-2262

Daniel Knutsson and Björn Tyrefors

Does Welfare Prevent Crime? the Criminal Justice Outcomes of Youth Removed from Ssi pp. 2263-2307

Manasi Deshpande and Michael Mueller-Smith

Labor Market Returns and the Evolution of Cognitive Skills: Theory and Evidence pp. 2309-2361

Santiago Hermo, Miika Päällysaho, David Seim and Jesse Shapiro

Army Service in the All-Volunteer Era pp. 2363-2418

Kyle Greenberg, Matthew Gudgeon, Adam Isen, Corbin Miller and Richard Patterson

Competing Models pp. 2419-2457

José Luis Montiel Olea, Pietro Ortoleva, Mallesh M Pai and Andrea Prat

Improving Management Through Worker Evaluations: Evidence from Auto Manufacturing pp. 2459-2497

Jing Cai and Shing-Yi Wang

Price Discrimination by Negotiation: a Field Experiment in Retail Electricity pp. 2499-2537

David P Byrne, Leslie A Martin and Jia Sheen Nah

Investing in Infants: the Lasting Effects of Cash Transfers to New Families pp. 2539-2583

Andrew Barr, Jonathan Eggleston and Alexander A Smith

Volume 137, issue 3, 2022

The Slope of the Phillips Curve: Evidence from U.S. States pp. 1299-1344

Jonathon Hazell, Juan Herreño, Emi Nakamura and Jón Steinsson

The Gender Gap in Self-Promotion pp. 1345-1381

Christine L Exley and Judd B Kessler

The Assessment Gap: Racial Inequalities in Property Taxation pp. 1383-1434

Carlos F Avenancio-León and Troup Howard

Dominant Currencies: How Firms Choose Currency Invoicing and Why it Matters pp. 1435-1493

Mary Amiti, Oleg Itskhoki and Jozef Konings

The Effects of Joining Multinational Supply Chains: New Evidence from Firm-to-Firm Linkages pp. 1495-1552

Alonso Alfaro-Ureña, Isabela Manelici and Jose Vasquez

Imports, Exports, and Earnings Inequality: Measures of Exposure and Estimates of Incidence pp. 1553-1614

Rodrigo Adão, Paul Carrillo, Arnaud Costinot, Dave Donaldson and Dina Pomeranz

Sovereign Bonds Since Waterloo pp. 1615-1680

Josefin Meyer, Carmen Reinhart and Christoph Trebesch

Multinational Banks and Financial Stability pp. 1681-1736

Christopher Clayton and Andreas Schaab

On the Effects of the Availability of Means of Payments: The Case of Uber pp. 1737-1789

Fernando Alvarez and David Argente

Smart Matching Platforms and Heterogeneous Beliefs in Centralized School Choice pp. 1791-1848

Felipe Arteaga, Adam J Kapor, Christopher Neilson and Seth Zimmerman

Predictable Effects of Visual Salience in Experimental Decisions and Games pp. 1849-1900

Xiaomin Li and Colin Camerer

Hours and Wages pp. 1901-1962

Alexander Bick, Adam Blandin and Richard Rogerson

Volume 137, issue 2, 2023

Diagnosing Physician Error: A Machine Learning Approach to Low-Value Health Care pp. 679-727

Sendhil Mullainathan and Ziad Obermeyer

Selection with Variation in Diagnostic Skill: Evidence from Radiologists pp. 729-783

David C Chan, Matthew Gentzkow and Chuan Yu

Why Do People Stay Poor? pp. 785-844

Clare Balboni, Oriana Bandiera, Robin Burgess, Maitreesh Ghatak and Anton Heil

Old Boys’ Clubs and Upward Mobility Among the Educational Elite pp. 845-909

Valerie Michelman, Joseph Price and Seth Zimmerman

The Costs of Employment Segregation: Evidence from the Federal Government Under Woodrow Wilson pp. 911-958

Abhay Aneja and Guo Xu

Correlation Made Simple: Applications to Salience and Regret Theory pp. 959-987

Giacomo Lanzani

The Macroeconomics of Sticky Prices with Generalized Hazard Functions pp. 989-1038

Fernando Alvarez, Francesco Lippi and Aleksei Oskolkov

Marginal Effects of Merit Aid for Low-Income Students pp. 1039-1090

Joshua Angrist, David Autor and Amanda Pallais

Firm Organization with Multiple Establishments pp. 1091-1138

Anna Gumpert, Henrike Steimer and Manfred Antoni

Origins of the Opioid Crisis and its Enduring Impacts pp. 1139-1179

Abby Alpert, William Evans, Ethan Lieber and David Powell

Evidence on Job Search Models from a Survey of Unemployed Workers in Germany pp. 1181-1232

Stefano Della, Jörg Heining, Johannes Schmieder and Simon Trenkle

War, Socialism, and the Rise of Fascism: an Empirical Exploration pp. 1233-1296

Daron Acemoglu, Giuseppe De Feo, Giacomo De Luca and Gianluca Russo

Volume 137, issue 1, 2022

Brahmin Left Versus Merchant Right: Changing Political Cleavages in 21 Western Democracies, 1948–2020 pp. 1-48

Amory Gethin, Clara Martínez-Toledano and Thomas Piketty

Would Eliminating Racial Disparities in Motor Vehicle Searches have Efficiency Costs? pp. 49-113

Benjamin Feigenberg and Conrad Miller

Affirmative Action, Mismatch, and Economic Mobility after California’s Proposition 209 pp. 115-160

Zachary Bleemer

Efficient Coding and Risky Choice pp. 161-213

Cary Frydman and Lawrence J Jin

Flexible Wages, Bargaining, and the Gender Gap pp. 215-266

Barbara Biasi and Heather Sarsons

Reallocation Effects of the Minimum Wage pp. 267-328

Christian Dustmann, Attila Lindner, Uta Schönberg, Matthias Umkehrer and Philipp vom Berge

Taxation and Innovation in the Twentieth Century pp. 329-385

Ufuk Akcigit, John Grigsby, Tom Nicholas and Stefanie Stantcheva

The Investment Network, Sectoral Comovement, and the Changing U.S. Business Cycle pp. 387-433

Christian vom Lehn and Thomas Winberry

Monetary Independence and Rollover Crises pp. 435-491

Javier Bianchi and Jorge Mondragon

Quantifying the High-Frequency Trading “Arms Race” pp. 493-564

Matteo Aquilina, Eric Budish and Peter O’Neill

Voluntary Regulation: Evidence from Medicare Payment Reform pp. 565-618

Liran Einav, Amy Finkelstein, Yunan Ji and Neale Mahoney

How to Sell Hard Information pp. 619-678

S Nageeb Ali, Nima Haghpanah, Xiao Lin and Ron Siegel