The Quarterly Journal of Economics

1886 - 2025

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

From President and Fellows of Harvard College
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Volume 131, issue 4, 2016

Measuring Economic Policy Uncertainty pp. 1593-1636

Scott Baker, Nicholas Bloom and Steven Davis

Worms at Work: Long-run Impacts of a Child Health Investment pp. 1637-1680

Sarah Baird, Joan Hamory Hicks, Michael Kremer and Edward Miguel

Sources of Geographic Variation in Health Care: Evidence From PatientMigration pp. 1681-1726

Amy Finkelstein, Matthew Gentzkow and Heidi Williams

Adam Smith, Watch Prices, and the Industrial Revolution pp. 1727-1752

Morgan Kelly and Cormac Ó Gráda

Stereotypes pp. 1753-1794

Pedro Bordalo, Katherine Coffman, Nicola Gennaioli and Andrei Shleifer

Evaluating Public Programs with Close Substitutes: The Case of HeadStart pp. 1795-1848

Patrick Kline and Christopher Walters

Movers and Shakers pp. 1849-1874

Robert Akerlof and Richard Holden

Earthquakes, Religion, and Transition to Self-Government in ItalianCities pp. 1875-1926

Marianna Belloc, Francesco Drago and Roberto Galbiati

The Liquidity Premium of Near-Money Assets pp. 1927-1971

Stefan Nagel

The Short-term Impact of Unconditional Cash Transfers to the Poor: ExperimentalEvidence from Kenya pp. 1973-2042

Johannes Haushofer and Jeremy Shapiro

Volume 131, issue 3, 2016

Editor's Choice Field of Study, Earnings, and Self-Selection pp. 1057-1111

Lars Kirkebøen, Edwin Leuven and Magne Mogstad

Measuring the Unequal Gains from Trade pp. 1113-1180

Pablo Fajgelbaum and Amit Khandelwal

Decision Making Under the Gambler’s Fallacy: Evidence from Asylum Judges, Loan Officers, and Baseball Umpires pp. 1181-1242

Daniel Chen, Tobias J. Moskowitz and Kelly Shue

Bayesian Networks and Boundedly Rational Expectations pp. 1243-1290

Ran Spiegler

Quantifying the Sources of Firm Heterogeneity pp. 1291-1364

Colin J. Hottman, Stephen Redding and David Weinstein

Court Enforcement, Bank Loans, and Firm Investment: Evidence from a Bankruptcy Reform in Brazil pp. 1365-1413

Jacopo Ponticelli and Leonardo Alencar

Teacher Quality and Learning Outcomes in Kindergarten pp. 1415-1453

M. Caridad Araujo, Pedro Carneiro, Yyannú Cruz-Aguayo and Norbert Schady

Shocking Behavior: Random Wealth in Antebellum Georgia and Human Capital Across Generations pp. 1455-1495

Hoyt Bleakley and Joseph Ferrie

Rethinking the Effects of Financial Globalization pp. 1497-1542

Fernando Broner and Jaume Ventura

Input Specificity and the Propagation of Idiosyncratic Shocks in Production Networks pp. 1543-1592

Jean-Noël Barrot and Julien Sauvagnat

Volume 131, issue 2, 2016

Editor's Choice Wealth Inequality in the United States since 1913: Evidence from Capitalized Income Tax Data pp. 519-578

Emmanuel Saez and Gabriel Zucman

Lights, Camera … Income! Illuminating the National Accounts-Household Surveys Debate pp. 579-631

Maxim Pinkovskiy and Xavier Sala-i-Martin

Bargaining, Sorting, and the Gender Wage Gap: Quantifying the Impact of Firms on the Relative Pay of Women pp. 633-686

David Card, Ana Rute Cardoso and Patrick Kline

Wealth, Health, and Child Development: Evidence from Administrative Data on Swedish Lottery Players pp. 687-738

David Cesarini, Erik Lindqvist, Robert Östling and Björn Wallace

Measuring Income Tax Evasion Using Bank Credit: Evidence from Greece pp. 739-798

Nikolaos Artavanis, Adair Morse and Margarita Tsoutsoura

Railroads and American Economic Growth: A "Market Access" Approach pp. 799-858

Dave Donaldson and Richard Hornbeck

A Typology of Players: Between Instinctive and Contemplative pp. 859-890

Ariel Rubinstein

Economic Activity and the Spread of Viral Diseases: Evidence from High Frequency Data pp. 891-941

Jerome Adda

Information, Misallocation, and Aggregate Productivity pp. 943-1005

Joel David, Hugo A. Hopenhayn and Venky Venkateswaran

Product Design in Selection Markets pp. 1007-1056

André Veiga and E. Glen Weyl

Volume 131, issue 1, 2016

Editor's Choice Rare Disasters and Exchange Rates pp. 1-52

Emmanuel Farhi and Xavier Gabaix

Learning from Inflation Experiences pp. 53-87

Ulrike Malmendier and Stefan Nagel

A Unified Theory of Firm Selection and Growth pp. 89-155

Costas Arkolakis

The Effects of School Spending on Educational and Economic Outcomes: Evidence from School Finance Reforms pp. 157-218

C. Kirabo Jackson, Rucker C. Johnson and Claudia Persico

Tax Farming Redux: Experimental Evidence on Performance Pay for Tax Collectors pp. 219-271

Adnan Q. Khan, Asim I. Khwaja and Benjamin Olken

Ghost-House Busters: The Electoral Response to a Large Anti–Tax Evasion Program pp. 273-314

Lorenzo Casaburi and Ugo antonio Troiano

Dynamic Selection: An Idea Flows Theory of Entry, Trade, and Growth pp. 315-380

Thomas Sampson

Political Centralization and Government Accountability pp. 381-422

Federico Boffa, Amedeo Piolatto and Giacomo Ponzetto

The Effects of Youth Employment: Evidence from New York City Lotteries pp. 423-460

Alexander Gelber, Adam Isen and Judd B. Kessler

Efficiency, Welfare, and Political Competition pp. 461-518

Felix J. Bierbrauer and Pierre Boyer

Volume 130, issue 4, 2015

Editor's Choice The High-Frequency Trading Arms Race: Frequent Batch Auctions as a Market Design Response pp. 1547-1621

Eric Budish, Peter Cramton and John Shim

Behavioral Hazard in Health Insurance pp. 1623-1667

Katherine Baicker, Sendhil Mullainathan and Joshua Schwartzstein

Do Pharmacists Buy Bayer? Informed Shoppers and the Brand Premium pp. 1669-1726

Bart J. Bronnenberg, Jean-Pierre Dubé, Matthew Gentzkow and Jesse M. Shapiro

Coordination and Crisis in Monetary Unions pp. 1727-1779

Mark Aguiar, Manuel Amador, Emmanuel Farhi and Gita Gopinath

The Skill Complementarity of Broadband Internet pp. 1781-1824

Anders Akerman, Ingvil Gaarder and Magne Mogstad

Human Capital and Industrialization: Evidence from the Age of Enlightenment pp. 1825-1883

Mara P. Squicciarini and Nico Voigtländer

Radio and the Rise of The Nazis in Prewar Germany pp. 1885-1939

Maja Adena, Ruben Enikolopov, Maria Petrova, Veronica Santarosa and Ekaterina Zhuravskaya

The Unfavorable Economics of Measuring the Returns to Advertising pp. 1941-1973

Randall Lewis and Justin M. Rao

Why you Can’t Find a Taxi in the Rain and Other Labor Supply Lessons from Cab Drivers pp. 1975-2026

Henry S. Farber

Risk, Returns, and Multinational Production pp. 2027-2073

Jose Fillat and Stefania Garetto

Volume 130, issue 3, 2015

Editor's Choice The Aggregate Effect of School Choice: Evidence from a Two-Stage Experiment in India pp. 1011-1066

Karthik Muralidharan and Venkatesh Sundararaman

Editor's Choice Working over Time: Dynamic Inconsistency in Real Effort Tasks pp. 1067-1115

Ned Augenblick, Muriel Niederle and Charles Sprenger

Site Selection Bias in Program Evaluation pp. 1117-1165

Hunt Allcott

Preventives Versus Treatments pp. 1167-1239

Michael Kremer and Christopher M. Snyder

Dollar Funding and the Lending Behavior of Global Banks pp. 1241-1281

Victoria Ivashina, David S. Scharfstein and Jeremy C. Stein

Price Coherence and Excessive Intermediation pp. 1283-1328

Benjamin Edelman and Julian Wright

How Does Peer Pressure Affect Educational Investments? pp. 1329-1367

Leonardo Bursztyn and Robert Jensen

International Liquidity and Exchange Rate Dynamics pp. 1369-1420

Xavier Gabaix and Matteo Maggiori

Property Rights over Marital Transfers pp. 1421-1484

Siwan Anderson and Chris Bidner

Financial Asset Holdings and Political Attitudes: Evidence from Revolutionary England pp. 1485-1545

Saumitra Jha

Volume 130, issue 2, 2015

Aggregate Demand, Idle Time, and Unemployment pp. 507-569

Pascal Michaillat and Emmanuel Saez

Gender Identity and Relative Income within Households pp. 571-614

Marianne Bertrand, Emir Kamenica and Jessica Pan

Editor's Choice Does Religion Affect Economic Growth and Happiness? Evidence from Ramadan pp. 615-658

Filipe Campante and David Yanagizawa-Drott

Comparative Advantage and Optimal Trade Policy pp. 659-702

Arnaud Costinot, Dave Donaldson, Jonathan Vogel and Iván Werning

Education and Human Capital Externalities: Evidence from Colonial Benin pp. 703-757

Leonard Wantchekon, Marko Klašnja and Natalija Novta

Juvenile Incarceration, Human Capital, and Future Crime: Evidence from Randomly Assigned Judges pp. 759-803

Anna Aizer and Joseph J. Doyle

The Value of Hiring through Employee Referrals pp. 805-839

Stephen Burks, Bo Cowgill, Mitchell Hoffman and Michael Housman

The Response of Drug Expenditure to Nonlinear Contract Design: Evidence from Medicare Part D pp. 841-899

Liran Einav, Amy Finkelstein and Paul Schrimpf

Spending-Biased Legislators: Discipline Through Disagreement pp. 901-949

Facundo Piguillem and Alessandro Riboni

Experimentation in Federal Systems pp. 951-1002

Steven Callande and Bård Harstad

Volume 130, issue 1, 2015

Editor's Choice Very Long-Run Discount Rates pp. 1-53

Stefano Giglio, Matteo Maggiori and Johannes Stroebel

Waves in Ship Prices and Investment pp. 55-109

Robin Greenwood and Samuel G. Hanson

Regulating Consumer Financial Products: Evidence from Credit Cards pp. 111-164

Sumit Agarwal, Souphala Chomsisengphet, Neale Mahoney and Johannes Stroebel

Does Working from Home Work? Evidence from a Chinese Experiment pp. 165-218

Nicholas Bloom, James Liang, John Roberts and Zhichun Jenny Ying

Do Markets Erode Social Responsibility? pp. 219-266

Björn Bartling, Roberto Weber and Lan Yao

The Geography of Interstate Resource Wars pp. 267-315

Francesco Caselli, Massimo Morelli and Dominic Rohner

Patents and Cumulative Innovation: Causal Evidence from the Courts pp. 317-369

Alberto Galasso and Mark Schankerman

The Psychological Effect of Weather on Car Purchases pp. 371-414

Meghan R. Busse, Devin Pope, Jaren Pope and Jorge Silva-Risso

Optimal Regulation in the Presence of Reputation Concerns pp. 415-464

Andrew Atkeson, Christian Hellwig and Guillermo Ordonez

The Impact of Housing Assistance on Child Outcomes: Evidence from a Randomized Housing Lottery pp. 465-506

Brian A. Jacob, Max Kapustin and Jens Ludwig