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Outputs (660)

The small open economy in a generalized gravity model (2024)
Journal Article
Demidova, S., Kucheryavyy, K., Naito, T., & Rodríguez-Clare, A. (2024). The small open economy in a generalized gravity model. Journal of International Economics, 152, Article 103997. https://doi.org/10.1016/j.jinteco.2024.103997

To provide sharp answers to basic questions in international trade, a standard approach is to focus on a small open economy (SOE). Whereas the classic tradition is to define a SOE as an economy that takes world prices as given, in the new trade liter... Read More about The small open economy in a generalized gravity model.

At the Top of the Mind: Peak Prices and the Disposition Effect (2024)
Journal Article
Quispe-Torreblanca, E., Hume, D., Gathergood, J., Loewenstein, G., & Stewart, N. (in press). At the Top of the Mind: Peak Prices and the Disposition Effect. Journal of Political Economy Microeconomics,

The disposition effect is the reluctance to sell assets at a loss relative to a salient point of reference, typically assumed to be the purchase price. Using data on stocks and housing sales, we show that the peak price achieved by an asset during th... Read More about At the Top of the Mind: Peak Prices and the Disposition Effect.

How to activate threat perceptions in behavior research: A simple technique for inducing health and resource scarcity threats (2024)
Journal Article
Isler, O., Yilmaz, O., Maule, A. J., & Gächter, S. (2024). How to activate threat perceptions in behavior research: A simple technique for inducing health and resource scarcity threats. Behavior Research Methods, 56, 8379-8395. https://doi.org/10.3758/s13428-024-02481-6

Understanding our cognitive and behavioral reactions to large-scale collective problems involving health and resource scarcity threats, such as the COVID-19 pandemic, helps us be better prepared for future collective threats. However, existing studie... Read More about How to activate threat perceptions in behavior research: A simple technique for inducing health and resource scarcity threats.

Money and mental health: The impact of intergenerational transfers on elderly people in China (2024)
Journal Article
Appleton, S., Huang, J., Lou, X., & Zhou, M. (2024). Money and mental health: The impact of intergenerational transfers on elderly people in China. Health Economics, 33(11), 2645-2670. https://doi.org/10.1002/hec.4887

Using three waves of the China Health and Retirement Longitudinal Study, this paper examines whether financial transfers from adult children to elderly parents affect the latter's mental health. Both OLS and instrumental variable (IV) estimates show... Read More about Money and mental health: The impact of intergenerational transfers on elderly people in China.

Tracking trend output using expectations data (2024)
Journal Article
Lee, K., & Mahony, M. (2024). Tracking trend output using expectations data. Journal of the Royal Statistical Society: Series A, Article qnae064. https://doi.org/10.1093/jrsssa/qnae064

This article proposes a new approach to measuring trend output that exploits survey data on expectations to distinguish the effects of permanent and transitory shocks and to track the time-variation in the processes underlying the determination of ou... Read More about Tracking trend output using expectations data.

The Textbook Case for Industrial Policy: Theory Meets Data (2024)
Journal Article
Bartelme, D., Mit, A. C., Donaldson, D., & Rodriguez-Clare, A. (in press). The Textbook Case for Industrial Policy: Theory Meets Data. Journal of Political Economy,

The textbook case for industrial policy is well understood. If some sectors are subject to external economies of scale, whereas others are not, a government should subsidize the first group of sectors at the expense of the second. Little is known, ho... Read More about The Textbook Case for Industrial Policy: Theory Meets Data.

On the productivity advantage of cities (2024)
Journal Article
Jacob, N., & Mion, G. (2024). On the productivity advantage of cities. Journal of Economic Geography, 24(5), 679-705. https://doi.org/10.1093/jeg/lbae020

Agglomeration externalities are the key factor explaining the existence of cities and their size. However, while the various micro foundations of agglomeration externalities stress the importance of total factor productivity (TFP), the empirical evid... Read More about On the productivity advantage of cities.

Learning about labor markets (2024)
Journal Article
Bradley, J., & Mann, L. (2024). Learning about labor markets. Journal of Monetary Economics, 148, Article 103612. https://doi.org/10.1016/j.jmoneco.2024.103612

We study a general equilibrium model of the labor market in which agents slowly learn about their suitability for jobs. Our model reproduces desirable features of the data, many of which standard models fail to replicate. We explore how, in such an e... Read More about Learning about labor markets.

International Trade Liberalization and Domestic Institutional Reform: Effects of WTO Accession on Chinese Internal Migration Policy (2024)
Journal Article
Tian, Y. (2024). International Trade Liberalization and Domestic Institutional Reform: Effects of WTO Accession on Chinese Internal Migration Policy. Review of Economics and Statistics, 106(3), 794-813. https://doi.org/10.1162/rest_a_01175

Economic institutions that impede factor mobility become more costly when an economy experiences substantial transitions such as trade liberalization. I study how trade triggers changes in labor institutions that regulate internal migration in the co... Read More about International Trade Liberalization and Domestic Institutional Reform: Effects of WTO Accession on Chinese Internal Migration Policy.