The Review of Economics and Statistics (REStat)
@restatjournal
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REStat is a 100-year-old general journal of economics. Edited at @Kennedy_School, the Review shares empirical & theoretical contributions for a wide readership.
Joined October 2019
Under- and over-reaction of expectations can explain the puzzles surrounding uncovered interest rate parity. In the September issue, by Giacomo Candian @giacomocandian and Pierre De Leo @pierredeleo
direct.mit.edu
Abstract. Using survey data, we document that predictable exchange rate forecast errors are responsible for the uncovered interest parity (UIP) puzzle and its reversal at longer horizons. We develop...
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In the September issue, "One-Child Policy, Marriage Distortion, and Welfare Loss" by Wei Huang, Yinghao Pan, and Yi Zhou
direct.mit.edu
Abstract. We investigate how exposure to the One-Child Policy (OCP) during early adulthood affects marriage and fertility in China. Exploring fertility penalties across provinces over time and the...
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A study how parents respond to children’s genetic endowments and to sibling differences in endowments. In the September issue, by Anna Sanz-de-Galdeano and Anastasia Terskaya @Asia_terskaya
direct.mit.edu
Abstract. We take advantage of recent advances in genomics to revisit a classic question in economics: how do parents respond to children’s endowments and to sibling differences in endowments? We use...
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A large scale survey in Chile is used to analyze whether studying economics makes students more gender biased. In the September issue, by Valentina Paredes, @vale_paredesh, M. Daniele Paserman, @DanielePaserman Francisco J. Pino @franciscopino
direct.mit.edu
Abstract. We provide direct evidence on explicit and implicit biases against women among students in economics relative to other fields. We conducted a large scale survey among undergraduates in...
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Community rating is good if costly individuals (e.g., the elderly) experience the most adverse selection. In the September issue, by Andre Veiga, @andreveiga33
direct.mit.edu
Abstract. Should insurance prices vary with age? I consider competitive markets for lemons where a signal (e.g., age) partitions consumers (e.g., young and old). I study the continuum of policies...
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The Federal Reserve's communication of an inflation objective better anchored inflation expectations. In the September issue, by Brent Bundick and A. Lee Smith
direct.mit.edu
Abstract. In a macroeconomic model with drifting long-run inflation expectations, the anchoring of inflation expectations manifests in two testable predictions. First, expectations about inflation...
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In the September issue, “Trade Liberalization and Chinese Students in U.S. Higher Education” by Gaurav Khanna, Kevin Shih, Ariel Weinberger, Mingzhi Xu, and Miaojie Yu.
direct.mit.edu
Abstract. We highlight a lesser-known consequence of China’s integration into the world economy: the rise of services trade. We demonstrate how the United States’ trade deficit in goods cycles back...
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Whistleblowers are a highly cost-effective way at stopping fraud in public programs. In the September issue, "Can Whistleblowers Root Out Public Expenditure Fraud? Evidence from Medicare" by Jetson Leder-Luis @jetson_econ
direct.mit.edu
Abstract. This paper analyzes private antifraud enforcement under the False Claims Act, which compensates whistleblowers for litigating against health care providers who overbill the US government. I...
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In the September issue, "Harvesting the Rain: The Adoption of Environmental Technologies in the Sahel" by Jenny C. Aker and B. Kelsey Jack
direct.mit.edu
Abstract. Many agricultural and environmental technologies require upfront investments. This may deter adoption, particularly in settings characterized by information, liquidity, and credit constra...
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In the September issue, “Productivity Gains from Trade: Bunching Estimates from Trading Rights in China” by Yunong Li, Yi Lu, and Jianguo Wang.
direct.mit.edu
Abstract. This paper identifies productivity gains from trade by studying the manipulation behavior of firms in response to regulatory policies on international trade in China. Bunching estimates...
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Revenue inflows from local taxes outperform natural resource rents in terms of public goods and corruption in Colombia. In the September issue, by Luis R. Martínez: @luisrmartinezahttps://zurl.co/SgsAn
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Medium-intensity hurricanes create situations in which US politicians allocate disaster relief in a biased way. In the September issue, by Stephan A. Schneider and Sven Kunze (@Sven__Kunze)
direct.mit.edu
Abstract. Allocation decisions are vulnerable to political influence, but it is unclear in which situations politicians use their discretionary power in a partisan manner. We analyze the allocation...
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An extra day of check-clearing time makes account holders 65.5% more likely to cash a check than deposit it. In the September issue, by Ryan C. McDevitt (@ryanmcdevitt) and Aaron Sojourner (@aaronsojourner)
direct.mit.edu
Abstract. We use a nonlinear reduction in a bank’s check-cashing fees and variation in regulated check-clearing times to identify the elasticity of demand for cashing checks rather than depositing...
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China's curriculum reform steered graduates to the CCP and state jobs. Just Accepted new paper by Hongbin Li. Sai Luo, and Yang Wang
direct.mit.edu
Abstract. We examine the causal impact of ideological education on students' political participation and career choices by exploiting China's staggered rollout of a high school curriculum reform that...
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Multifamily rental housing is not as harmful to owner-occupied property values as previously estimated. Just Accepted new paper by Michael D. Eriksen and Guoyang Yang
direct.mit.edu
Abstract. We provide evidence that similar price effects occur from new multifamily rental housing on surrounding owner-occupied property values regardless of whether the development was subsidized....
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Expenditure patterns differ across experienced utility levels using Engel curves. Just Accepted new paper by Cristina Bernini, Silvia Emili, and Federica Galli
direct.mit.edu
Abstract. This study examines how individual spending behaviours change for different levels of experienced utility using a composite SWB indicator as a utility proxy and modelling expenditure...
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Raising the school-leaving age in South Australia reduced maltreatment reports and emergency room visits. Just Accepted new paper by Adam A. Dzulkipli (@itsadamakmal), Nicole Black, David W. Johnston, and Leonie Segal
direct.mit.edu
Abstract. Abused and neglected children are at extreme risk of school dropout, poor health, and destructive behaviours, yet evidence on interventions that prevent maltreatment and its harms is...
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Uganda farming program boosted crop adoption by 15% by changing farmers' expectations about oilseed yields. Just Accepted new paper by Jacopo Bonan, Harounan Kazianga, and Mariapia Mendola (@MariapiaMendola)
direct.mit.edu
Abstract. This paper uses the randomized rollout of a national agricultural extension program in Uganda to study subsistence smallholders' decisions to adopt cash oilseed crops and shift to commerc...
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Computer machine tools c. 1970s automated metal manufacture. Displaced workers shifted to light manufacture. Just Accepted new paper by Leah Boustan, Jiwon Choi, and David Clingingsmith
direct.mit.edu
Abstract. The diffusion of computerized machine tools in the mid-20th century was a pivotal step in the century-long process of factory automation. We build a novel measure of exposure to computer...
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Opioid use reduces job performance in the military: fewer promotions, more disciplinary actions and exits. Just Accepted new paper by Abby Alpert, Stephen D. Schwab, and Benjamin Ukert
direct.mit.edu
Abstract. There is significant interest in understanding labor market consequences of the opioid epidemic, but little is known about how opioid use affects on-the-job performance. We analyze the...
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