Journal of Political Economy

1893 - 2025

From University of Chicago Press
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Volume 128, issue 12, 2020

Declining Search Frictions, Unemployment, and Growth pp. 4387 - 4437

Paolo Martellini and Guido Menzio

What Goes Up May Not Come Down: Asymmetric Incidence of Value-Added Taxes pp. 4438 - 4474

Youssef Benzarti, Dorian Carloni, Jarkko Harju and Tuomas Kosonen

Ex Ante Returns and Occupational Choice pp. 4475 - 4522

Peter Arcidiacono, V. Joseph Hotz, Arnaud Maurel and Teresa Romano

Commitment versus Flexibility with Costly Verification pp. 4523 - 4573

Marina Halac and Pierre Yared

Welfare Analysis with Heterogeneous Risk Preferences pp. 4574 - 4613

Maya Eden

A/B Testing with Fat Tails pp. 4614 - 000

Eduardo Azevedo, Alex Deng, José Luis Montiel Olea, Justin Rao and E. Glen Weyl

Erratum: Fatter Attraction: Anthropometric and Socioeconomic Matching on the Marriage Market pp. 4673 - 4675

Pierre-André Chiappori, Sonia Oreffice and Climent Quintana-Domeque

Volume 128, issue 11, 2020

Political Cycles and Stock Returns pp. 4011 - 4045

Lubos Pastor and Pietro Veronesi

How Do Doctors Respond to Incentives? Unintended Consequences of Paying Doctors to Reduce Costs pp. 4046 - 4096

Diane Alexander

Firm Volatility in Granular Networks pp. 4097 - 4162

Bernard Herskovic, Bryan Kelly, Hanno Lustig and Stijn Van Nieuwerburgh

Copyrights and Creativity: Evidence from Italian Opera in the Napoleonic Age pp. 4163 - 4210

Michela Giorcelli and Petra Moser

Productivity and Organization in Portuguese Firms pp. 4211 - 4257

Lorenzo Caliendo, Giordano Mion, Luca David Opromolla and Esteban Rossi-Hansberg

Equilibrium Labor Market Search and Health Insurance Reform pp. 4258 - 4336

Naoki Aizawa and Hanming Fang

Occupational Licensing and Maternal Health: Evidence from Early Midwifery Laws pp. 4337 - 4383

D. Mark Anderson, Ryan Brown, Kerwin Kofi Charles and Daniel I. Rees

Erratum: Chinese College Admissions and School Choice Reforms: A Theoretical Analysis pp. 4384 - 4384

Yan Chen and Onur Kesten

Volume 128, issue 10, 2020

Moral Values and Voting pp. 3679 - 3729

Benjamin Enke

Intergenerational Redistribution in the Great Recession pp. 3730 - 3778

Andrew Glover, Jonathan Heathcote, Dirk Krueger and José-Víctor Ríos-Rull

Collusion in Markets with Syndication pp. 3779 - 3819

John William Hatfield, Scott Kominers, Richard Lowery and Jordan M. Barry

Identification in Auction Models with Interdependent Costs pp. 3820 - 3871

Paulo Somaini

Common Values, Unobserved Heterogeneity, and Endogenous Entry in US Offshore Oil Lease Auctions pp. 3872 - 3912

Giovanni Compiani, Philip Haile and Marcelo Sant’Anna

Motivated False Memory pp. 3913 - 3939

Soo Hong Chew, Wei Huang and Xiaojian Zhao

The Economic Origins of Conflict in Africa pp. 3940 - 3997

Eoin McGuirk and Marshall Burke

An Empirical Analysis of Racial Differences in Police Use of Force: A Comment pp. 3998 - 4002

Steven Durlauf and James J. Heckman

An Empirical Analysis of Racial Differences in Police Use of Force: A Response pp. 4003 - 4008

Roland G. Fryer

Volume 128, issue 9, 2020

The Housing Boom and Bust: Model Meets Evidence pp. 3285 - 3345

Greg Kaplan, Kurt Mitman and Giovanni L. Violante

Experience of Communal Conflicts and Intergroup Lending pp. 3346 - 3375

Raymond Fisman, Arkodipta Sarkar, Janis Skrastins and Vikrant Vig

Understanding How Low Levels of Early Lead Exposure Affect Children’s Life Trajectories pp. 3376 - 3433

Hans Grönqvist, J. Peter Nilsson and Per-Olof Robling

Credit Market Disruptions and Liquidity Spillover Effects in the Supply Chain pp. 3434 - 3468

Anna Costello

Income and Wealth Inequality in America, 1949–2016 pp. 3469 - 3519

Moritz Kuhn, Moritz Schularick and Ulrike I. Steins

Self-Fulfilling Runs: Evidence from the US Life Insurance Industry pp. 3520 - 3569

Nathan Foley-Fisher, Borghan Narajabad and Stephane Verani

Vertical Integration, Supplier Behavior, and Quality Upgrading among Exporters pp. 3570 - 3625

Christopher Hansman, Jonas Hjort, Gianmarco León-Ciliotta and Matthieu Teachout

Surprise! Out-of-Network Billing for Emergency Care in the United States pp. 3626 - 3677

Zack Cooper, Fiona Scott Morton and Nathan Shekita

Volume 128, issue 8, 2020

The Tail That Wags the Economy: Beliefs and Persistent Stagnation pp. 2839 - 2879

Julian Kozlowski, Laura Veldkamp and Venky Venkateswaran

Debates: Voting and Expenditure Responses to Political Communication pp. 2880 - 2924

Kelly Bidwell, Katherine Casey and Rachel Glennerster

Improving College Instruction through Incentives pp. 2925 - 2972

Andy Brownback and Sally Sadoff

On the Identification of Gross Output Production Functions pp. 2973 - 3016

Amit Gandhi, Salvador Navarro and David Rivers

Immigration and Wage Dynamics: Evidence from the Mexican Peso Crisis pp. 3017 - 3089

Joan Monras

Trust in State and Nonstate Actors: Evidence from Dispute Resolution in Pakistan pp. 3090 - 3147

Daron Acemoglu, Ali Cheema, Asim I. Khwaja and James A. Robinson

Macroeconomic Drivers of Bond and Equity Risks pp. 3148 - 3185

John Campbell, Carolin Pflueger and Luis Viceira

The Strategy and Technology of Conflict pp. 3186 - 3219

Sandeep Baliga and Tomas Sjöström

Sharp Bounds and Testability of a Roy Model of STEM Major Choices pp. 3220 - 3283

Ismaël Mourifié, Marc Henry and Romuald Méango

Volume 128, issue 7, 2020

Why Are Older Women Missing in India? The Age Profile of Bargaining Power and Poverty pp. 2453 - 2501

Rossella Calvi

Quantifying the Life-Cycle Benefits of an Influential Early-Childhood Program pp. 2502 - 2541

Jorge Luis Garcia, James J. Heckman, Duncan Ermini Leaf and María José Prados

Persuading the Principal to Wait pp. 2542 - 2578

Dmitry Orlov, Andrzej Skrzypacz and Pavel Zryumov

Queens pp. 2579 - 2652

Oeindrila Dube and S. P. Harish

Technology and Time Inconsistency pp. 2653 - 2689

Bård Harstad

Domestic Trade Frictions and Agriculture pp. 2690 - 2738

Sebastian Sotelo

The Effect of Early-Childhood Education on Social Preferences pp. 2739 - 2758

Alexander Cappelen, John List, Anya Samek and Bertil Tungodden

Revealed-Preference Analysis with Framing Effects pp. 2759 - 2795

Jacob Goldin and Daniel Reck

A Random Attention Model pp. 2796 - 2836

Matias Cattaneo, Xinwei Ma, Yusufcan Masatlioglu and Elchin Suleymanov

Volume 128, issue 6, 2020

International Currencies and Capital Allocation pp. 2019 - 2066

Matteo Maggiori, Brent Neiman and Jesse Schreger

The First 2,000 Days and Child Skills pp. 2067 - 2122

Orla Doyle

Supervisors and Performance Management Systems pp. 2123 - 2187

Anders Frederiksen, Lisa Kahn and Fabian Lange

Robots and Jobs: Evidence from US Labor Markets pp. 2188 - 2244

Daron Acemoglu and Pascual Restrepo

Secular Labor Reallocation and Business Cycles pp. 2245 - 2287

Gabriel Chodorow-Reich and Johannes Wieland

A Model of Fickle Capital Flows and Retrenchment pp. 2288 - 2328

Ricardo Caballero and Alp Simsek

Segmentation versus Agglomeration: Competition between Platforms with Competitive Sellers pp. 2329 - 2374

Heiko Karle, Martin Peitz and Markus Reisinger

Long-Term-Care Utility and Late-in-Life Saving pp. 2375 - 2451

John Ameriks, Joseph Briggs, Andrew Caplin, Matthew D. Shapiro and Christopher Tonetti

Volume 128, issue 5, 2020

Willingness to Pay for Clean Air: Evidence from Air Purifier Markets in China pp. 1627 - 1672

Koichiro Ito and Shuang Zhang

When Fair Isn’t Fair: Understanding Choice Reversals Involving Social Preferences pp. 1673 - 1711

James Andreoni, Deniz Aydin, Blake Barton, B. Douglas Bernheim and Jeffrey Naecker

Subsidy Design in Privately Provided Social Insurance: Lessons from Medicare Part D pp. 1712 - 1752

Francesco Decarolis, Maria Polyakova and Stephen Ryan

Cutthroat Capitalism versus Cuddly Socialism: Are Americans More Meritocratic and Efficiency-Seeking than Scandinavians? pp. 1753 - 1788

Ingvild Almås, Alexander Cappelen and Bertil Tungodden

Games of Love and Hate pp. 1789 - 1825

Debraj Ray and Rajiv Vohra

The Use of Regression Statistics to Analyze Imperfect Pricing Policies pp. 1826 - 1876

Mark R. Jacobsen, Christopher R. Knittel, James M. Sallee and Arthur A. van Benthem

Stochastic Dominance under Independent Noise pp. 1877 - 1900

Luciano Pomatto, Philipp Strack and Omer Tamuz

Information Aversion pp. 1901 - 1939

Marianne Andries and Valentin Haddad

Turning Up the Heat: The Discouraging Effect of Competition in Contests pp. 1940 - 1975

Dawei Fang, Thomas Noe and Philipp Strack

Cooperation and Community Responsibility pp. 1976 - 2009

Joyee Deb

Women and Power: Unpopular, Unwilling, or Held Back? A Comment pp. 2010 - 2016

Manuel Bagues and Pamela Campa

Volume 128, issue 4, 2020

The Impact of Management Practices on Employee Productivity: A Field Experiment with Airline Captains pp. 1195 - 1233

Greer K. Gosnell, John List and Robert Metcalfe

Transparency and Negotiated Prices: The Value of Information in Hospital-Supplier Bargaining pp. 1234 - 1268

Matthew Grennan and Ashley Swanson

Incarceration, Recidivism, and Employment pp. 1269 - 1324

Manudeep Bhuller, Gordon Dahl, Katrine Løken and Magne Mogstad

CEO Behavior and Firm Performance pp. 1325 - 1369

Oriana Bandiera, Andrea Prat, Stephen Hansen and Raffaella Sadun

On Information Design in Games pp. 1370 - 1404

Laurent Mathevet, Jacopo Perego and Ina Taneva

Ben-Porath Meets Lazear: Microfoundations for Dynamic Skill Formation pp. 1405 - 1435

Costas Cavounidis and Kevin Lang

Eliciting and Utilizing Willingness to Pay: Evidence from Field Trials in Northern Ghana pp. 1436 - 1473

James Berry, Greg Fischer and Raymond Guiteras

Genetic Endowments and Wealth Inequality pp. 1474 - 1522

Daniel Barth, Nicholas Papageorge and Kevin Thom

Experimental Evidence on the Economics of Rural Electrification pp. 1523 - 1565

Kenneth Lee, Edward Miguel and Catherine Wolfram

Innovation in the Global Firm pp. 1566 - 1625

L. Kamran Bilir and Eduardo Morales

Volume 128, issue 3, 2020

Thickness and Information in Dynamic Matching Markets pp. 783 - 815

Mohammad Akbarpour, Shengwu Li and Shayan Oveis Gharan

Knowing When to Ask: The Cost of Leaning In pp. 816 - 854

Christine L. Exley, Muriel Niederle and Lise Vesterlund

Left Behind: Creative Destruction, Inequality, and the Stock Market pp. 855 - 906

Leonid Kogan, Dimitris Papanikolaou and Noah Stoffman

Lying and Deception in Games pp. 907 - 947

Joel Sobel

A New Approach to Estimating Equilibrium Models for Metropolitan Housing Markets pp. 948 - 983

Dennis Epple, Luis Quintero and Holger Sieg

Upcoding: Evidence from Medicare on Squishy Risk Adjustment pp. 984 - 1026

Michael Geruso and Timothy Layton

Optimal Monetary Policy with Informational Frictions pp. 1027 - 1064

George-Marios Angeletos and Jennifer La’O

Early and Late Human Capital Investments, Borrowing Constraints, and the Family pp. 1065 - 1147

Elizabeth M. Caucutt and Lance Lochner

A Model of Dynamic Limit Pricing with an Application to the Airline Industry pp. 1148 - 1193

Andrew Sweeting, James W. Roberts and Chris Gedge

Volume 128, issue 2, 2020

Universal Gravity pp. 393 - 433

Treb Allen, Costas Arkolakis and Yuta Takahashi

The Formation of Prosociality: Causal Evidence on the Role of Social Environment pp. 434 - 467

Fabian Kosse, Thomas Deckers, Pia Pinger, Hannah Schildberg-Hörisch and Armin Falk

Moving the Goalposts pp. 468 - 506

Jeffrey C. Ely and Martin Szydlowski

Political Booms, Financial Crises pp. 507 - 543

Helios Herrera, Guillermo Ordonez and Christoph Trebesch

The Political Economy of Weak Treaties pp. 544 - 590

Marco Battaglini and Bård Harstad

Bride Price and Female Education pp. 591 - 641

Nava Ashraf, Natalie Bau, Nathan Nunn and Alessandra Voena

Structural Estimation of a Model of School Choices: The Boston Mechanism versus Its Alternatives pp. 642 - 680

Caterina Calsamiglia, Chao Fu and Maia Güell

Information Design in the Holdup Problem pp. 681 - 709

Daniele Condorelli and Balázs Szentes

On the Optimality of Financial Repression pp. 710 - 739

V. V. Chari, Alessandro Dovis and Patrick Kehoe

Like Attract Like? A Structural Comparison of Homogamy across Same-Sex and Different-Sex Households pp. 740 - 781

Edoardo Ciscato, Alfred Galichon and Marion Goussé

Volume 128, issue 1, 2020

Clock Auctions and Radio Spectrum Reallocation pp. 1 - 31

Paul Milgrom and Ilya Segal

On the Origins of the State: Stationary Bandits and Taxation in Eastern Congo pp. 32 - 74

Raúl Sánchez de la Sierra

The Role of Quality in Internet Service Markets pp. 75 - 117

Elena Krasnokutskaya, Kyungchul Song and Xun Tang

Labor Supply in the Past, Present, and Future: A Balanced-Growth Perspective pp. 118 - 157

Timo Boppart and Per Krusell

Cognitive and Noncognitive Costs of Day Care at Age 0–2 for Children in Advantaged Families pp. 158 - 205

Margherita Fort, Andrea Ichino and Giulio Zanella

Survival and Long-Run Dynamics with Heterogeneous Beliefs under Recursive Preferences pp. 206 - 251

Jaroslav Borovička

Social Insurance and the Marriage Market pp. 252 - 300

Petra Persson

Internal versus External Growth in Industries with Scale Economies: A Computational Model of Optimal Merger Policy pp. 301 - 341

Ben Mermelstein, Volker Nocke, Mark A. Satterthwaite and Michael D. Whinston

Comparing the Chosen: Selection Bias When Selection Is Competitive pp. 342 - 390

Thomas Noe