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 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 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 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 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 Bard 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 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

Volume 129, issue 4, 2014

Where is the land of Opportunity? The Geography of Intergenerational Mobility in the United States pp. 1553-1623

Raj Chetty, Nathaniel Hendren, Patrick Kline and Emmanuel Saez

Evidence on Self-Stereotyping and the Contribution of Ideas pp. 1625-1660

Katherine Baldiga Coffman

A Sparsity-Based Model of Bounded Rationality pp. 1661-1710

Xavier Gabaix

Family Welfare Cultures pp. 1711-1752

Gordon Dahl, Andreas Kostøl and Magne Mogstad

A Welfare Criterion For Models With Distorted Beliefs pp. 1753-1797

Markus Brunnermeier, Alp Simsek and Wei Xiong

Trade Adjustment: Worker-Level Evidence pp. 1799-1860

David Autor, David Dorn, Gordon Hanson and Jae Song

Extensive Imitation is Irrational and Harmful pp. 1861-1898

Erik Eyster and Matthew Rabin

A body of literature suggests that ethnic heterogeneity limits economic growth pp. 1899-1946

Jonas Hjort

Propaganda and Conflict: Evidence from the Rwandan Genocide pp. 1947-1994

David Yanagizawa-Drott

Tax me if you can! Optimal Nonlinear Income Tax Between Competing Governments pp. 1995-2030

Etienne Lehmann, Laurent Simula and Alain Trannoy

Volume 129, issue 3, 2014

The Life Cycle of Plants in India and Mexico pp. 1035-1084

Chang-Tai Hsieh and Pete Klenow

Trade and the Topography of the Spatial Economy pp. 1085-1140

Treb Allen and Costas Arkolakis

Active vs. Passive Decisions and Crowd-Out in Retirement Savings Accounts: Evidence from Denmark pp. 1141-1219

Raj Chetty, John Friedman, Søren Leth-Petersen, Torben Nielsen and Tore Olsen

Finance and the Preservation of Wealth pp. 1221-1254

Nicola Gennaioli, Andrei Shleifer and Robert Vishny

Capital is Back: Wealth-Income Ratios in Rich Countries 1700–2010 pp. 1255-1310

Thomas Piketty and Gabriel Zucman

Learning Through Noticing: Theory and Evidence from a Field Experiment pp. 1311-1353

Rema Hanna, Sendhil Mullainathan and Joshua Schwartzstein

Injecting Charter School Best Practices into Traditional Public Schools: Evidence from Field Experiments pp. 1355-1407

Roland G. Fryer, Jr.

Gender, Competitiveness, and Career Choices pp. 1409-1447

Thomas Buser, Muriel Niederle and Hessel Oosterbeek

Axiomatization and Measurement of Quasi-Hyperbolic Discounting pp. 1449-1499

José Luis Montiel Olea and Tomasz Strzalecki

International Trade Puzzles: A Solution Linking Production and Preferences pp. 1501-1552

Justin Caron, Thibault Fally and James Markusen

Volume 129, issue 2, 2014

International Prices and Endogenous Quality pp. 477-527

Robert Feenstra and John Romalis

Currency Unions, Product Introductions, and the Real Exchange Rate pp. 529-595

Alberto Cavallo, Brent Neiman and Roberto Rigobon

Agricultural Decisions after Relaxing Credit and Risk Constraints pp. 597-652

Dean Karlan, Robert Osei, Isaac Osei-Akoto and Christopher Udry

Public Health Insurance, Labor Supply, and Employment Lock pp. 653-696

Craig Garthwaite, Tal Gross and Matthew Notowidigdo

Generating Skilled Self-Employment in Developing Countries: Experimental Evidence from Uganda pp. 697-752

Christopher Blattman, Nathan Fiala and Sebastian Martinez

International Trade and Institutional Change: Medieval Venice’s Response to Globalization pp. 753-821

Diego Puga and Daniel Trefler

Medieval Universities, Legal Institutions, and the Commercial Revolution pp. 823-887

Davide Cantoni and Noam Yuchtman

Inconsistent Regulators: Evidence from Banking pp. 889-938

Sumit Agarwal, David Lucca, Amit Seru and Francesco Trebbi

The Agricultural Productivity Gap pp. 939-993

Douglas Gollin, David Lagakos and Michael Waugh

Regional Favoritism pp. 995-1033

Roland Hodler and Paul Raschky

Volume 129, issue 1, 2014

The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008-9 Financial Crisis pp. 1-59

Gabriel Chodorow-Reich

The Global Decline of the Labor Share pp. 61-103

Brent Neiman

"Last-Place Aversion": Evidence and Redistributive Implications pp. 105-149

Ryan W. Buell, Taly Reich and Michael I. Norton

National Institutions and Subnational Development in Africa pp. 151-213

Elias Papaioannou

Inflation Dynamics and Time-Varying Volatility: New Evidence and an Ss Interpretation pp. 215-258

Joseph Vavra

Optimal money creation in "pure currency" economies: a conjecture pp. 259-274

Neil Wallace

Local Economic Development, Agglomeration Economies, and the Big Push: 100 Years of Evidence from the Tennessee Valley Authority pp. 275-331

Enrico Moretti

Migration and Wage Effects of Taxing Top Earners: Evidence from the Foreigners' Tax Scheme in Denmark pp. 333-378

Henrik Jacobsen Kleven, Camille Landais and Esben Schultz

Valuing the Vote: The Redistribution of Voting Rights and State Funds following the Voting Rights Act of 1965 pp. 379-433

Elizabeth Cascio

School Segregation, Educational Attainment, and Crime: Evidence from the End of Busing in Charlotte-Mecklenburg pp. 435-476

Stephen Billings and Jonah Rockoff