Erratum to: Psychological Effects of Poverty on Time Preferences
The Economic Journal, Volume 131, Issue 638, August 2021, Pages 2357–2382, https://doi.org/10.1093/ej/ueab007
View ArticleCyclical Government Spending: Theory and Empirics
AbstractThis paper shows that part of what is usually labelled discretionary government spending actually varies systematically over the cycle. I exploit the pervasive gap between ordinary least...
View ArticleThe Political Economy of Preferential Trade Agreements: An Empirical...
AbstractWe develop a political economy model to study the decision of representative democracies to join a preferential trading agreement, distinguishing between free trade areas and customs unions....
View ArticleRelative Performance Feedback in Education: Evidence from a Randomised...
AbstractIn a one-year randomised controlled trial involving thousands of university students, we provide real-time private feedback on relative performance in a semester-long online assignment. Within...
View ArticleThe Elasticity of Taxable Income: A Meta-Regression Analysis
AbstractThe elasticity of taxable income is a key parameter in tax policy analysis. To examine the large variation found in the literature of taxable and broad income elasticities, I conduct a...
View ArticleSpending Political Capital
AbstractAn important task for organisations is establishing truthful communication between parties with differing interests. This task is made particularly challenging when the accuracy of the...
View ArticleAchievement Rank Affects Performance and Major Choices in College
AbstractIn this paper we study how a student's ordinal rank in a peer group affects performance and specialisation choices in university. By exploiting data with repeated random assignment of students...
View ArticleAir Pollution and Manufacturing Firm Productivity: Nationwide Estimates for...
AbstractWe provide nationwide causal estimates of air pollution's effect on short-run productivity for China's manufacturing sector from 1998 to 2007. Using thermal inversions as an instrument, a 1...
View ArticleDoes Democratisation Promote Competition? Evidence from Indonesia*
AbstractDoes democratisation promote economic competition? This paper documents that the disruption of political connections associated with Suharto's fall had a modest pro-competitive effect on...
View ArticleThe Economic Consequences of Sir Robert Peel: A Quantitative Assessment of...
AbstractThis paper provides a quantitative general equilibrium evaluation of the repeal of Britain's Corn Laws in 1846. Using a detailed input-output matrix of the British economy in 1841, we find the...
View ArticleProperty Right Acquisition and Path Dependence: Nineteenth-Century Land...
AbstractIn this paper we compare lands settled between 1862–1940 under the Homestead Act to lands that sold for cash during the same time. We combine recently digitised individual land patents with...
View ArticleUpstream Bundling and Leverage of Market Power
AbstractWe present a novel rationale for bundling in vertical relations. In many markets, upstream firms compete to be in the best downstream slots (e.g., the best shelf in a retail store or the...
View ArticleClass Altruism and Redistribution
AbstractWhy do tax rates vary so much across countries? We study the role of other-regarding preferences and ethnic fragmentation in redistribution. A government is elected by altruistic voters and...
View ArticleR&D Heterogeneity and the Impact of R&D Subsidies*
AbstractIn this paper we study the determinants of R&D heterogeneity and the economic impact of R&D subsidies. We estimate a Schumpeterian growth model featuring firms with heterogeneous...
View ArticleCorrigendum to: Alphabetical Author Order, Intellectual Collaboration and...
Originally published in The Economic Journal, Volume 131, Issue 635, April 2021, Pages 1250–1268, https://doi.org/10.1093/ej/ueaa049.
View ArticleDifferences Attract: An Experimental Study of Focusing in Economic Choice
AbstractSeveral behavioural models of choice assume that decision makers place more weight on attributes where options differ more, an assumption we test in a set of experiments. We find that subjects...
View ArticleTime Preferences Across Language Groups: Evidence on Intertemporal Choices...
AbstractDifferences in patience across language groups have recently received increased attention in the literature. We provide evidence on this issue by measuring time preferences of French and German...
View ArticleLending Cycles and Real Outcomes: Costs of Political Misalignment
AbstractWe document a strong political cycle in bank credit and industry outcomes in Turkey. In line with theories of tactical redistribution, state-owned banks systematically adjust their lending...
View ArticleUncertainty, Wages and the Business Cycle
AbstractWe show that limited wage flexibility in economic downturns generates strong and state-dependent amplification of uncertainty shocks. It also explains the cyclical behaviour of empirical...
View ArticlePolitical Activism and the Provision of Dynamic Incentives: Growing the Pie...
AbstractThis paper studies the determination of income taxes in a dynamic setting with human capital accumulation. The goal is to understand the factors that support an outcome without complete...
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