Can private insurance fill gaps from public disability insurance (DI) cuts? Studying a German reform, Seibold, Seitz & Siegloch find modest private DI take-up, no adverse selection & efficiency gains, but an equity case for public DI.

Analyzing scientists' biographies during the baby boom, we find that mothers have a unique life cycle pattern of productivity. Children reduce the productivity of mothers but not fathers, with important implications for promotions and participation.

We study how trade policy can reduce global emissions. Unilateral carbon border taxes have limited efficacy at cutting foreign emissions. By contrast, coordinated trade penalties under a climate club prove highly effective.

We are excited to announce that the following new associate editors with expertise in economic theory joined the editorial board of Econometrica on July 1st, 2025: Piotr Dworczak (Northwestern University), Ryota Iijima (Princeton University), & Yves Sprumont (Deakin University).

We are excited to announce that the following new associate editors with expertise in political economy joined the editorial board of Econometrica on July 1st, 2025: Hülya Eraslan (Rice University) and Eric Weese (Tokyo University).

We are excited to announce the following new AEs with expertise in IO, labor, and applied micro: Francesco Decarolis (Bocconi University), Thomas Lemieux (VSE), Mathias Reynaert (TSE), Eduardo Souza-Rodrigues (University of Toronto), and Andrew Sweeting (Maryland University).

We are excited to announce that the following new AEs with expertise in macroeconomics and international economics joined the editorial board of ECMA on July 1st, 2025: Jennifer La'O (Columbia University), Michael Peters (Yale University), & Stephen Redding (Princeton University).

We are excited to announce that the following new associate editors with expertise in econometrics joined the editorial board of Econometrica on July 1st, 2025: Alexei Onatski (University of Cambridge), Adam M. Rosen (Duke University), and Jörg Stoye (Cornell University).

We are thrilled to have Aureo de Paula (UCL), Keisuke Hirano (Penn State), Pete Klenow (Stanford), & Marciano Siniscalchi (Northwestern) join the board as coeditors, starting July 1st. They will handle papers on a wide range of topics in IO, econometrics, macro, & economic theory.

Co-editors Kate Ho and Chad Jones left the editorial board at the end of June 2025. We are very grateful to them for their contributions. The journal has greatly benefited from their insight and energy.

We are thankful to Marina Halac, who will transition from Co-editor to become the Editor, starting July 1st, 2025. She will continue to handle papers on a wide range of topics in economic theory.

On June 30, 2025, Guido Imbens stepped down as Editor. We express our immense gratitude for his six years of exceptional service and leadership.

Econometric analysis typically ignores researcher incentives. This article frames experimental data analysis as a mechanism-design problem, showing how unbiased estimation and sample splitting can resolve conflicts of interest.

We revisit Kasy & Sautmann (2021)’s main theorem on adaptive treatment assignment, propose a new posterior-weighted policy regret measure, and establish optimality results for exploration sampling in policy choice.

Econometrica continues to allow for online comments. There have so far been four comments published on papers in the March 2025 issue

Econometrica Volume 93, Issue 3 (May 2025) is now online.

Incorporating informative Bayesian priors into impact evaluation offers the ability to learn more from experiments. @leoiacovone, @economeager & @dmckenzie001 demonstrate how to do this in the context of a Colombian exporting experiment.

The link changed slightly, here is an updated Link to download the paper:

Public funds to Italian firms in disadvantaged areas (ex. Law 488/92) permanently increased employment, but allocation matters: Firms selected by objective rules create more jobs per € than those favored by local politicians.

What are the welfare effects of surge pricing? Using Uber data, I develop an empirical model of spatial equilibrium composed of demand, supply, and matching. I find that surge pricing raises total welfare, benefitting riders but hurting drivers.