International Economic Review

2008 - 2025

Continuation of International Economic Review.

Current editor(s): Michael O'Riordan and Dirk Krueger

From Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association
160 McNeil Building, 3718 Locust Walk, Philadelphia, PA 19104-6297.
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Volume 66, issue 3, 2025

TAXATION OF TOP INCOMES AND TAX AVOIDANCE pp. 983-1018

Alessandro Di Nola, Georgi Kocharkov, Almuth Scholl, Anna‐Mariia Tkhir and Haomin Wang

Consumer Bankruptcy, Mortgage Default, and Labor Supply pp. 1019-1042

Wenli Li, Costas Meghir and Florian Oswald

ON THE IMPACT OF INFORMATION MANIPULATION IN DEMOCRATIC ELECTIONS pp. 1043-1077

Andreas Grunewald, Andreas Klümper and Matthias Kräkel

Optimal Taxation of Capital in the Presence of Declining Labor Share pp. 1079-1097

Orhan Erem Atesagaoglu and Hakki Yazici

DO WORKERS BENEFIT FROM WAGE TRANSPARENCY RULES? pp. 1099-1128

Oliver Gürtler and Lennart Struth

Growth with Deadly Spillovers pp. 1129-1152

Pietro Peretto and Simone Valente

Liquidity Constraints, Income Variance, and Buffer Stock Savings: Experimental Evidence pp. 1153-1174

John Duffy and Andreas Orland

SELF‐FULFILLING BUSINESS CYCLES WITH PRODUCTION NETWORKS pp. 1175-1206

Feng Dong and Fei Zhou

DOMESTIC AND EXTERNAL SOVEREIGN DEBT pp. 1207-1238

Paola Di Casola and Spyridon Sichlimiris

OPTIMAL REDISTRIBUTION AND EDUCATION SIGNALING pp. 1239-1265

Spencer Bastani, Tomer Blumkin and Luca Micheletto

INFORMATION DESIGN IN ALLOCATION WITH COSTLY VERIFICATION pp. 1267-1285

Yi‐Chun Chen, Gaoji Hu and Xiangqian Yang

PREDICTIVE DENSITY COMBINATION USING BAYESIAN MACHINE LEARNING pp. 1287-1315

Tony Chernis, Niko Hauzenberger, Florian Huber, Gary Koop and James Mitchell

POLITICAL BRINKMANSHIP AND COMPROMISE pp. 1317-1339

Helios Herrera, Antonin Macé and Matías Núñez

A Simple Quantile Regression Model Linking Micro Outcomes to Macro Covariates pp. 1341-1362

Xiaohong Chen, Gaosheng Ju and Qi Li

The Political Economy of School Finance Systems With Endogenous State and Local Tax Policies pp. 1363-1389

Stephen Calabrese, Dennis Epple and Richard Romano

Volume 66, issue 2, 2025

ON THE ECONOMIC MECHANICS OF WARFARE pp. 491-526

Guillaume Vandenbroucke

Home and School in the Development of Children pp. 527-566

Francesco Agostinelli, Morteza Saharkhiz and Matthew Wiswall

WAGE RISK, EMPLOYMENT RISK, AND THE RISE IN WAGE INEQUALITY pp. 567-594

Ariel Mecikovsky and Felix Wellschmied

LAST BUT NOT LEAST: LAGGARD FIRMS, TECHNOLOGY DIFFUSION, AND ITS STRUCTURAL AND POLICY DETERMINANTS pp. 595-627

Giuseppe Berlingieri, Sara Calligaris, Chiara Criscuolo and Rudy Verlhac

FIRM SIZE AND BUSINESS CYCLES WITH CREDIT SHOCKS pp. 629-659

In Hwan Jo

SELF‐EMPLOYMENT AND LABOR MARKET RISKS pp. 661-686

Richard Audoly

Sovereign Spreads and the Political Leaning of Nations pp. 687-709

Johnny Cotoc, Alok Johri and César Sosa‐Padilla

THE DYNAMICS OF RESIDENTIAL SORTING AND HEALTH: IMPLICATIONS OF CLIMATE CHANGE IN THE UNITED STATES pp. 711-756

Sophie Mathes

NONSTANDARD CHOICE IN MATCHING MARKETS pp. 757-786

Gian Caspari and Manshu Khanna

ENTRY ORDER, PERFORMANCE, AND GEOGRAPHY: THE CASE OF THE CONVENIENCE‐STORE INDUSTRY IN JAPAN pp. 787-822

Mitsukuni Nishida

CENTRAL BANK DIGITAL CURRENCY AND PRIVACY: A RANDOMIZED SURVEY EXPERIMENT pp. 823-847

Syngjoo Choi, Bongseop Kim, Young Sik Kim and Ohik Kwon

BANKING AND BANKING REFORMS IN CHINA IN A MODEL OF COSTLY STATE VERIFICATION pp. 849-882

Jie Luo and Cheng Wang

SUBSTITUTION BETWEEN CLEAN AND DIRTY ENERGY WITH BIASED TECHNICAL CHANGE pp. 883-902

Ara Jo

The Role of Nonpecuniary Considerations: Location Decisions of College Graduates From Low‐Income Backgrounds pp. 903-931

Yifan Gong, Todd Stinebrickner, Ralph Stinebrickner and Yuxi Yao

TRADE LIBERALIZATION AND THE GREAT LABOR REALLOCATION pp. 933-963

Yuan Zi

Recombinant Innovation, Novel Ideas, and the Start of Nobel Prize–Winning Work pp. 965-979

John C. Ham, Brian Quistorff and Bruce A. Weinberg

Volume 66, issue 1, 2025

2023 KLEIN LECTURE—CAPITAL AND WAGES pp. 3-24

Daron Acemoglu

PRODUCTIVE ROBOTS AND INDUSTRIAL EMPLOYMENT: THE ROLE OF NATIONAL INNOVATION SYSTEMS pp. 25-52

Chrystalla Kapetaniou and Christopher Pissarides

ON THE OPTIMALITY OF DIFFERENTIAL ASSET TAXATION pp. 53-78

Thomas Phelan

MANDATORY INTEGRATION AGREEMENTS FOR UNEMPLOYED JOB SEEKERS: A RANDOMIZED CONTROLLED FIELD EXPERIMENT IN GERMANY pp. 79-105

Gerard J. van den Berg, Barbara Hofmann, Gesine Stephan and Arne Uhlendorff

HEALTH, HEALTH INSURANCE, AND INEQUALITY pp. 107-141

Chaoran Chen, Zhigang Feng and Jiaying Gu

PENSIONS, INCOME TAXES, AND HOMEOWNERSHIP: A CROSS‐COUNTRY ANALYSIS pp. 143-174

Hans Fehr, Maurice Hofmann and George Kudrna

INVENTORIES, INPUT COSTS, AND PRODUCTIVITY GAINS FROM TRADE LIBERALIZATIONS pp. 175-199

Shafaat Khan and Armen Khederlarian

IDEAL DEFAULT FOR RESOLVING DISPUTES EFFICIENTLY pp. 201-221

Nejat Anbarci and Gorkem Celik

UNEQUAL PEACE pp. 223-258

Ali Kamranzadeh and Charles Z. Zheng

AGE DISCONTINUITY AND NONEMPLOYMENT BENEFIT POLICY EVALUATION THROUGH THE LENS OF JOB SEARCH THEORY pp. 259-286

Bruno Decreuse and Guillaume Wilemme

MACRO UNCERTAINTY, UNEMPLOYMENT RISK, AND CONSUMPTION DYNAMICS pp. 287-312

Joonseok Oh and Anna Rogantini Picco

CONDORCET CONSISTENCY AND PAIRWISE JUSTIFIABILITY UNDER VARIABLE AGENDAS pp. 313-329

Salvador Barberà, Dolors Berga, Bernardo Moreno and Antonio Nicolo'

UNDERSTANDING THE GREAT RECESSION THROUGH THE BANKING SECTOR pp. 331-361

Toshiaki Ogawa

CONSTANT DISCOUNTING, TEMPORAL INSTABILITY, AND DYNAMIC INCONSISTENCY IN DENMARK: A LONGITUDINAL FIELD EXPERIMENT pp. 363-392

Glenn Harrison, Morten I. Lau and Hong Il Yoo

THE UNPRECEDENTED FALL IN U.S. REVOLVING CREDIT pp. 393-451

Gajendran Raveendranathan and Georgios Stefanidis

INTERNATIONAL SPILLOVERS OF QUALITY REGULATIONS pp. 453-484

Luca Macedoni and Ariel Weinberger

Volume 65, issue 4, 2024

2020 Klein Lecture—Investment and Subjective Uncertainty pp. 1591-1606

Nicholas Bloom, Steven J. Davis, Lucia Foster, Scott Ohlmacher and Itay Saporta‐Eksten

RAZOR‐THIN MASS ELECTIONS WITH HIGH TURNOUT pp. 1607-1624

David K. Levine and Cesar Martinelli

THE IMPACT OF A LARGE DEPRECIATION ON THE COST OF LIVING OF RICH AND POOR CONSUMERS pp. 1625-1656

Anatoli Colicev, Joris Hoste and Jozef Konings

MIDDLEMEN IN SEARCH EQUILIBRIUM WITH INTENSIVE AND EXTENSIVE MARGINS pp. 1657-1679

Grace Xun Gong and Randall Wright

SPOUSAL LABOR SUPPLY, CAREGIVING, AND THE VALUE OF DISABILITY INSURANCE pp. 1681-1716

Siha Lee

TRADE SHOCKS AND HIGHER‐ORDER EARNINGS RISK IN LOCAL LABOR MARKETS pp. 1717-1746

Tomas Martinez and Ursula Mello

FRICTIONAL SORTING: THE IMPACTS OF DUAL CONSTRAINTS ON MOBILITY AND HOUSING SUPPLY IN CHINA pp. 1747-1776

Wenquan Liang, Ran Song and Christopher Timmins

CORPORATE EARNINGS ANNOUNCEMENTS AND ECONOMIC ACTIVITY pp. 1777-1793

Mirela S. Miescu and Haroon Mumtaz

ASSET‐MARKET SENTIMENTS AND BUSINESS CYCLE FLUCTUATIONS pp. 1795-1819

Xuewen Liu, Pengfei Wang and Sichuang Xu

FIGHTING COLLUSION: AN IMPLEMENTATION THEORY APPROACH pp. 1821-1850

Helmuts Azacis and Péter Vida

TORT LIABILITY AND UNAWARENESS pp. 1851-1876

Surajeet Chakravarty, David Kelsey and Joshua C. Teitelbaum

HOUSEHOLD DEBT AND THE EFFECTS OF FISCAL POLICY pp. 1877-1909

Sami Alpanda, Melissa Hyunji Song and Sarah Zubairy

SPLITTING THE DIFFERENCE IN INCOMPLETE‐INFORMATION BARGAINING: THEORY AND WIDESPREAD EVIDENCE FROM THE FIELD pp. 1911-1939

Daniel Keniston, Bradley J. Larsen, Shengwu Li, J.J. Prescott, Bernardo S. Silveira and Chuan Yu

A MODEL OF GROSS CAPITAL FLOWS: RISK SHARING AND FINANCIAL FRICTIONS pp. 1941-1984

Hyunju Lee

SOVEREIGN UNCERTAINTY pp. 1985-2018

Edgar Silgado‐Gómez

ADD‐ON PRICING OVER REGIONAL BUSINESS CYCLES: EVIDENCE FROM EXTENDED WARRANTIES pp. 2019-2046

Branko Bošković, Sacha Kapoor, Agnieszka Markiewicz and Barry Scholnick

Volume 65, issue 3, 2024

HIGHER‐ORDER INCOME RISK OVER THE BUSINESS CYCLE pp. 1105-1131

Christopher Busch and Alexander Ludwig

THE COST OF TRADE DISRUPTIONS AT DIFFERENT STAGES OF DEVELOPMENT pp. 1133-1161

Juan Carlos Conesa, Matthew J. Delventhal, Pau Pujolas and Gajendran Raveendranathan

ENDING WASTEFUL YEAR‐END SPENDING: ON OPTIMAL BUDGET RULES IN ORGANIZATIONS pp. 1163-1188

Christoph Siemroth

FINANCIAL DOLLARIZATION IN EMERGING MARKETS: AN INSURANCE ARRANGEMENT pp. 1189-1219

Husnu Dalgic

ENTRY BARRIERS AND GROWTH: THE ROLE OF ENDOGENOUS MARKET STRUCTURE pp. 1221-1248

Helu Jiang, Yu Zheng and Lijun Zhu

PROMINENCE AND MARKET POWER: ASYMMETRIC OLIGOPOLY WITH SEQUENTIAL CONSUMER SEARCH pp. 1249-1281

Makoto Hanazono and Noritaka Kudoh

INTERTEMPORAL CONSUMPTION WITH ANTICIPATING, REMEMBERING, AND EXPERIENCING SELVES pp. 1283-1322

Sam Cosaert and Tom Potoms

ASSET DIVERSIFICATION VERSUS CLIMATE ACTION pp. 1323-1355

Christoph Hambel, Holger Kraft and Frederick (Rick) van der Ploeg

STATISTICAL DISCRIMINATION AND DURATION DEPENDENCE IN A SEMISTRUCTURAL MODEL pp. 1357-1386

Ismail Baydur and Jianhuan Xu

UNCERTAINTY, LONG‐RUN, AND MONETARY POLICY RISKS IN A TWO‐COUNTRY MACRO MODEL pp. 1387-1413

Kimberly Berg and Nelson Mark

THE INS AND OUTS OF SELLING HOUSES: UNDERSTANDING HOUSING‐MARKET VOLATILITY pp. 1415-1440

L. Rachel Ngai and Kevin Sheedy

MONETARY POLICY UNDER NATURAL DISASTER SHOCKS pp. 1441-1497

Alessandro Cantelmo, Nikos Fatouros, Giovanni Melina and Chris Papageorgiou

Source Dependence in Effort Provision pp. 1499-1517

Yiting Chen and Songfa Zhong

INFRAMARGINAL TRAVELERS AND TRANSPORTATION POLICY pp. 1519-1550

Jonathan Hall

LABOR MARKET INSTITUTIONS AND FERTILITY pp. 1551-1587

Nezih Guner, Ezgi Kaya and Virginia Sánchez‐Marcos

Volume 65, issue 2, 2024

KILLER ACQUISITIONS AND BEYOND: POLICY EFFECTS ON INNOVATION STRATEGIES pp. 591-622

Igor Letina, Armin Schmutzler and Regina Seibel

GROWTH, HOUSING, AND GLOBAL IMBALANCES pp. 623-654

Luis Franjo, Luisa Lambertini and Serhiy Stepanchuk

AN EQUILIBRIUM LABOR MARKET MODEL WITH INTERNAL AND EXTERNAL REFERRALS pp. 655-692

Youze Lang and Youzhi Yang

SEQUENTIAL PRICE SETTING: THEORY AND EVIDENCE FROM A LAB EXPERIMENT pp. 693-727

Tom-Reiel Heggedal, Leif Helland and Espen R. Moen

INFORMATION ACQUISITION AND DIFFUSION IN MARKETS pp. 729-753

Atabek Atayev and Maarten Janssen

ESTIMATION OF PRODUCTION TECHNOLOGIES WITH OUTPUT AND ENVIRONMENTAL CONSTRAINTS pp. 755-780

Scott E. Atkinson and Rong Luo

INVESTMENT HOUSING TAX CONCESSIONS AND WELFARE: A QUANTITATIVE STUDY FOR AUSTRALIA pp. 781-816

Yunho Cho, Shuyun May Li and Lawrence Uren

REGULATORY PROTECTION AND THE ROLE OF INTERNATIONAL COOPERATION pp. 817-850

Yuan Mei

REGULARIZED GMM FOR TIME‐VARYING MODELS WITH APPLICATIONS TO ASSET PRICING pp. 851-883

Liyuan Cui, Guanhao Feng and Yongmiao Hong

OPTIMAL STOPPING IN A DYNAMIC SALIENCE MODEL pp. 885-913

Markus Dertwinkel‐Kalt and Jonas Frey

DO STRONGER PATENTS LEAD TO FASTER INNOVATION? THE EFFECT OF CLUSTERED SEARCH pp. 915-954

Kaustav Das and Nicolas Klein

HOUSING MARKET DISCOUNT RATES: EVIDENCE FROM BARGAINING AND BIDDING WARS pp. 955-1002

Hans Koster and Jan Rouwendal

MONETARY ASYMMETRIES WITHOUT (AND WITH) PRICE STICKINESS pp. 1003-1047

Ivan Jaccard

INTEREST‐ONLY MORTGAGES AND CONSUMPTION GROWTH: EVIDENCE FROM A MORTGAGE MARKET REFORM pp. 1049-1079

Claes Bäckman and Natalia Khorunzhina

CAPITAL DEPRECIATION AND INDUSTRY COMPETITION: EVIDENCE AND THEORY pp. 1081-1102

Alicia H. Dang and Roberto Samaniego

Volume 65, issue 1, 2024

FOUR STYLIZED FACTS ABOUT COVID‐19 pp. 3-42

Andrew G. Atkeson, Karen Kopecky and Tao Zha

Government Expenditure on the Public Education System pp. 43-73

Chao Fu, Shoya Ishimaru and John Kennan

CAPITAL TAX REFORMS WITH POLICY UNCERTAINTY pp. 75-116

Árpád Ábrahám, Pavel Brendler and Eva Cárceles‐Poveda

CONSUMPTION TAX CUTS IN A RECESSION pp. 117-148

Francesca Parodi

TUTORING EFFICACY, HOUSEHOLD SUBSTITUTION, AND STUDENT ACHIEVEMENT: EXPERIMENTAL EVIDENCE FROM AN AFTER‐SCHOOL TUTORING PROGRAM IN RURAL CHINA pp. 149-189

Jere Behrman, C. Simon Fan, Naijia Guo, Xiangdong Wei, Hongliang Zhang and Junsen Zhang

LABOR SUPPLY IN THE EXTENDED HOUSEHOLD: ECONOMIES OF SCALE, SELF‐SELECTION, AND THE INTRAHOUSEHOLD DISTRIBUTION OF RESOURCES IN SOUTH AFRICA pp. 191-215

Olivier Donni and Eliane Badaoui

HOUSEHOLD INVENTORY, TEMPORARY SALES, PRICE INDICES pp. 217-251

Kozo Ueda, Kota Watanabe and Tsutomu Watanabe

BUSINESS CYCLES WITH CYCLICAL RETURNS TO SCALE pp. 253-282

Jay Hyun, Ryan Kim and Byoungchan Lee

SPENDING A WINDFALL pp. 283-313

Nuno Palma and Andre Silva

COLLEGE EXPANSION, TRADE, AND INNOVATION: EVIDENCE FROM CHINA pp. 315-351

Xiao Ma

A THEORY OF ECONOMIC DISINTEGRATION pp. 353-392

Eckhard Janeba and Karl Schulz

Generational Distribution of Fiscal Burdens: A Positive Analysis pp. 393-430

Yuki Uchida and Tetsuo Ono

INVENTORY MANAGEMENT IN DECENTRALIZED MARKETS pp. 431-470

Fei Li, Charles Murry, Can Tian and Yiyi Zhou

UNEMPLOYMENT DURATION UNDER FLEXIBLE INFORMATION ACQUISITION pp. 471-503

Jeong Ho (John) Kim, Kyungmin Kim and Marilyn Pease

ACCOUNTING FOR SOCIAL SECURITY CLAIMING BEHAVIOR pp. 505-545

Svetlana Pashchenko and Ponpoje Porapakkarm

THE FULL RECESSION: PRIVATE VERSUS SOCIAL COSTS OF COVID‐19 pp. 547-582

Juan‐Carlos Cordoba, Marla Ripoll and Siqiang Yang