Journal issues

Latest issue:

economica january issue

Volume 91/ Issue 361/ January 2024

Consumption and time use responses to unemployment: Implications for the lifecycle model, by Jim Been,  Eduard Suari-Andreu,  Marike Knoef and Rob Alessie

Export-platform foreign direct investment and trade policy uncertainty: Evidence from brexit, by Nicolò Tamberi

Driver's licences for undocumented immigrants and post-mortem organ donation, by Tianyuan Luo and Cesar L. Escalante

Healthy climate, healthy bodies: Optimal fuel taxation and physical activity, by Inge van den Bijgaart,  David Klenert,  Linus Mattauch and Simona Sulikova

Stigma and take-up of labour market assistance: Evidence from two field experiments, by Adam Osman,  Jamin D. Speer

Evaluating compliance gains of expanding tax enforcement Knut Løyland,  Oddbjørn Raaum,  Gaute Torsvik and  Arnstein Øvrum

Effects of the COVID-19 pandemic on domestic violence in Los Angeles, by Amalia R. Miller,  Carmit Segal and Melissa K. Spencer

Risk aversion and favourite–longshot bias in a competitive fixed-odds betting market, by Karl Whelan

What drives the substitutability between native and foreign workers? Evidence about the role of language, by Elena Gentili and Fabrizio Mazzonna

Bank ownership and firm performance, by Pavel Chakraborty

The real side of stock market exuberance: bubbles, output and productivity at the industry level, by Francisco Queirós

Market concentration and the relative demand for college-educated labour, by Anders Akerman 

When populists deliver on their promises: the electoral effects of a large cash transfer programme in Poland, by Jan Gromadzki,  Katarzyna Sałach and Michał Brzeziński


Economica's issues from 2016 onwards:


Volume 90/ Issue 360/ October 2023


economica october issue 2023

Accounting for the role of investment frictions in recessions, by Fernando del Río and Francisco-Xavier Lores 

Investor beliefs about transformative innovations under uncertainty, by Johannes Binswanger,  Anja Garbely and Manuel Oechslin

Productivity dispersion, wage dispersion and superstar firms, by Yannick Bormans and  Angelos Theodorakopoulos

Retail pricing format and rigidity of regular prices, by Sourav Ray,  Avichai Snir and Daniel Levy

Migrants and imports: Evidence from Dutch firms, by Aksel Erbahar and Ömer Tarık Gençosmanoğlu

Intra-EU migration, public transfers and assimilation, by Eduard Suari-Andreu and Olaf van Vliet

Are political and economic integration intertwined? By Bernt BratsbergGiovanni FacchiniTommaso Frattini, and Anna Cecilia Rosso

Consequences of inconvenient information: Evidence from sentencing disparities, by Michal Šoltés

Buddha's grace illuminates all: Temple destruction, school construction and modernization in 20th century China, by Shaoda Wang and Boxiao Zhang

The taxman cometh: Pathways out of a low-capacity trap in the Democratic Republic of the Congo, by Jonathan L. Weigel and Elie Kabue Ngindu

Heterogeneous predictive association of CO2 with global warming, by Liang Chen,  Juan J. Dolado,  Jesús Gonzalo and  Andrey Ramos


Volume 90/ Issue 359 / July 2023


economica july issue 2023

Intellectual property and the organization of the global value chain, by Stefano Bolatto,  Alireza Naghavi,  Gianmarco Ottaviano and Katja Zajc Kejžar

The importance of political selection for bureaucratic effectiveness, by James Habyarimana,  Stuti Khemani and Thiago Scot

Accounting for the slowdown in UK innovation and productivity, by Peter Goodridge and Jonathan Haskel

Diagnosing the UK productivity slowdown: which sectors matter and why? By Diane Coyle and Jen-Chung Mei

‘Good jobs’, training and skilled immigration, by Andrew Mountford and Jonathan Wadsworth

The effect of child allowances on female labour supply: evidence from Israel, by Yuval Mazar and Yaniv Reingewertz

Firm-specific pay premiums and the gender wage gap in Europe, by Jan-Luca Hennig and Balazs Stadler

The UK gender pay gap: Does firm size matter? By Melanie Jones and  Ezgi Kaya

Children's social care and early intervention policy: Evidence from sure start, by Dan Anderberg and Christina Olympiou

Beyond windfall gains: The redistribution of apprenticeship costs and vocational education of care workers, by Eric Schuss

Global banking, financial spillovers and macroprudential policy coordination, by Pierre-Richard Agénor,  Timothy P. Jackson and Luiz A. Pereira da Silva

Seeking shelter in times of crisis? unemployment, perceived job insecurity and trade union membership, by Adrian Chadi and Laszlo Goerke


Volume 90/ Issue 358/  April 2023


economica april issue 2023

Taxes, subsidies and gender gaps in hours
and wages by Robert Duval-HernándezLei Fang and L. Rachel Ngai

Network-based appointments and board
diversity, by Marie Lalanne

Female labour, status and decision power, by Catherine BrosVéronique Gille and François Maniquet

Presenteeism when employers are under
pressure: evidence from a high-stakes
environment, by Mario Lackner and Hendrik Sonnabend 

The impact of place-based policies on
interpersonal income inequality, by Giuseppe AlbaneseGuglielmo Barone and Guido de Blasio

A micro perspective on r > g, by Roberto Iacono and Elisa Palagi

An imperfect wealth tax and employment in
closely held firms, by Marie BjørnebySimen Markussen and Knut Røed

The long-run investment effect of taxation
in OECD countries, by Jakob B. MadsenAntonio Minniti and Francesco Venturini

Support for small businesses amid COVID-19, by Charles A.E. GoodhartDimitrios P. Tsomocos and Xuan Wang

Exponential growth bias in the prediction of
COVID-19 spread and economic expectation, by Ritwik Banerjee and Priyama Majumdar

Artificial intelligence adoption in a
competitive market, Joshua S. Gans


Volume 90/ Issue 357/ January 2023



Advanced Technologies and Worker Voice, by Filippo BellocGabriel Burdin and Fabio Landini

Rising Longevity, Increasing the Retirement Age, and the Consequences for Knowledge-based Long-run Growth, by Michael Kuhn and Klaus Prettner

The Midlife Crisis, by Osea GiuntellaSally McManusRedzo MujcicAndrew J. OswaldNattavudh Powdthavee and Ahmed Tohamy

The Distributional Effect of Trade on the CEO Market, by Juan A. CorreaFrancisco Parro and Rafael Sánchez

The Impact of Non-tariff Barriers on Trade and Welfare, by Swati DhingraRebecca Freeman and Hanwei Huang

Non-standard Employment and Rent-sharing, by Kyoji FukaoCristiano Perugini and Fabrizio Pompei

Migration and Imitation, by Olena IvusAlireza Naghavi and Larry D. Qiu

Liquidity Requirements, Bank Deposits and Financial Development, by Nicola Limodio and Francesco Strobbe

Insuring Replaceable Possessions, by David de Meza and Diane Reyniers

The Social Planning Problem with Costly Information Processing: Towards Understanding Production Decisions in Centralized Economies, by  Dominik Naeher

Algorithmic Leviathan or Individual Choice: Choosing Sanctioning Regimes in the Face of Observational Error, by Thomas MarkussenLouis Putterman and Liangjun Wang

Parental Childcare with Process Benefits, by Sam Cosaert and Veerle Hennebel

Correction to “Training, Recruitment, and Outplacement as Endogenous Adverse Selection”, by Heski Bar-Isaac and Clare Leaver





Volume 89/ Issue 356/ October 2022


Issue 356

Structural Transformation of Occupation Employment, by Georg Duernecker and Berthold Herrendorf

The 15-Hour Week: Keynes’s Prediction Revisited, by Nicholas Crafts

This paper is part of the Economica 100 Series.  Economica, the LSE “house journal” is now 100 years old. To commemorate this achievement, we are publishing 100 papers by former students, as well as current and former faculty. Nicholas Crafts is Emeritus Professor at the University of Warwick. He was a Professor of Economic History at the LSE from 1995–2005.

Rising Stars: Expert Reviews and Reputational Yardsticks in the Research Excellence Framework, by Erich Battistin and Marco Ovidi

Training, Recruitment, and Outplacement as Endogenous Adverse Selection, by Heski Bar-Isaac and Clare Leaver

This paper is part of the Economica 100 Series.  Economica, the LSE “house journal” is now 100 years old. To commemorate this achievement, we are publishing 100 papers by former students, as well as current and former faculty. Heski Bar-Isaac is the Distinguished Professor of Economics and Finance, and Area Coordinator Economic Analysis and Policy Area, Rotman School of Management, University of Toronto. He obtained his MSc and PhD from the LSE.

Gender Differences in STEM Persistence after Graduation, by Judith M. Delaney and Paul J. Devereux

Turning a ‘Blind Eye’? Compliance with Minimum Wage Standards and Employment, by Andrea Garnero and Claudio Lucifora

The Impact of Centre-based Childcare on Non-cognitive Skills of Young Children, by Greta Morando and Lucinda Platt

This paper is part of the Economica 100 Series.  Economica, the LSE “house journal” is now 100 years old. To commemorate this achievement, we are publishing 100 papers by former students, as well as current and former faculty. Lucinda Platt has been a Professor of Social Policy and Sociology, Department of Social Policy at the LSE since 2013.

Ethnic- Diversity, Social Norms and Elite Capture: Theory and Evidence from Indonesia, by Anirban Mitra and Sarmistha Pal

This paper is part of the Economica 100 Series.  Economica, the LSE “house journal” is now 100 years old. To commemorate this achievement, we are publishing 100 papers by former students, as well as current and former faculty.
Sarmistha Pal is a Professor of Financial Economics at the University of Surrey. She graduated with a PhD in economics from the LSE in 1995.

Investment Strategies and Corporate Behaviour with Socially Responsible Investors: A Theory of Active Ownership, by Christian Gollier and Sébastien Pouget

Financial Market Globalization, Deglobalization Policies and Growth, by Wai-Hong Ho


Volume 89/ Issue 355/ July 2022



Volume 89/ Issue 355/ July 2022

Job Creation in Colombia Versus the USA: ‘Up-or-out Dynamics’ Meet ‘The Life Cycle of Plants’, by  Marcela Eslava, John Haltiwanger and Álvaro Pinzón

Military Conscription, Sexist Attitudes and Intimate Partner Violence, by M. Amelia Gibbons and Martín A. Rossi

Negative Trade Shocks and Gender Inequality: Evidence from the USA, by Ishan Ghosh, Mario Larch, Irina Murtazashvili and Yoto V. Yotov

Jobs, Crime and Votes: A Short-run Evaluation of the Refugee Crisis in Germany, by Markus Gehrsitz and Martin Ungerer

Information Provision and Postgraduate Studies, by Jan Berkes, Frauke Peter, C. Katharina Spiess and Felix Weinhardt

Assortative Learning, by Jan Eeckhout and Xi Weng

 Jan Eeckhout is ICREA research professor of Economics at UPF Barcelona. Jan graduated from the LSE in 1998 with a PhD in Economics. Jan also lectured at the LSE from 1996 – 1997.  

Do Sticky Wages Matter? New Evidence from Matched Firm Survey and Register Data, by Anne Kathrin Funk and Daniel Kaufmann

An Index Measuring State Capacity, 1789 –2018, by Colin O’Reilly and Ryan H. Murphy

Pricing Behaviour and Menu Costs in Multi-product Firms, by Wilko Letterie and Øivind A. Nilsen

On the Gains from Tradable Benefi ts-in-kind: Evidence for Workfare in India, by Martin Ravallion

This paper is part of the Economica 100 Series.  Economica, the LSE “house journal” is now 100 years old. To commemorate this achievement, we are publishing 100 papers by former students, as well as current and former faculty.
Martin Ravallion
holds the inaugural Edmond D. Villani Chair of Economics at Georgetown University. Martin graduated from the LSE with an MSc in 1978 and a PhD in Economics in 1981. Martin also lectured at the LSE from 1978–1981.


Volume 89/ Issue S1/ June 2022


 Volume 89/ Issue S1/ June 2022

Editorial, by Timothy Besley, Wouter Denhaan, Maitreesh Ghatak, Daniel Gottlieb, Stephen Machin, Henry Overman and Noam Yuchtman

Obedience in the Labour Market and Social Mobility: A Socioeconomic Approach, by Daron Acemoglu

Men are from Mars, and Women Too: A Bayesian Meta-analysis of Overconfi dence Experiments, by Oriana Bandiera, Nidhi Parekh, Barbara Petrongolo and Michelle Rao

Gender and Psychological Pressure in Competitive Environments: A Laboratory-based Experiment, by Alison L. Booth and Patrick Nolen

Gay Politics Goes Mainstream: Democrats, Republicans and Same-sex Relationships, by Raquel Fernández and Sahar Parsa

Suburbanization in the USA, 1970--2010, by Stephen J. Redding

The Second World War, Inequality and the Social Contract in Britain, by Leander Heldring, James A. Robinson and Parker Whitfill

Inequality, Redistribution and Wage Progression, by Richard Blundell

Do Nudges Reduce Borrowing and Consumer Confusion in the Credit Card Market? By Paul Adams, Benedict Guttman-Kenney, Lucy Hayes, Stefan Hunt, David Laibson and Neil Stewart

Modelling the Great Recession as a Bank Panic: Challenges, by Lawrence Christiano, Husnu Dalgic and Xiaoming Li

Microfinance and Diversification, by Oriana Bandiera, Robin Burgess, Erika Deserranno, Ricardo Morel, Imran Rasul, Munshi Sulaiman and Jack Thiemel 

Volume 84/ Issue 354/ April 2022


 Volume 84/ Issue 354/ April 2022

Rainfall, Agricultural Output and Persistent Democratization, by Antonio Ciccone, Adilzhan Ismailov

Gentrification and the Rising Returns to Skill, by Lena Edlund, Cecilia Machado, Maria Sviatschi

The Weak State Trap, by Leopoldo Fergusson, Carlos A. Molina, James A. Robinson

Trust and Law in Credit Markets, by Koji Asano

Measuring Judicial Sentiment: Methods and Application to US Circuit Courts, by Elliott Ash, Daniel L. Chen, Sergio Galletta

Incorporated in Westminster: Channels and Returns to Political Connection in the United Kingdom, by Colin P. Green, Swarnodeep Homroy

Gender Identity and Quality of Employment, by Estefanía Galván

Missing Men: Second World War Casualties and Structural Change, by Christoph Eder

The Effects of Firing Costs on Labour Market Dynamics, by Armando Näf, Yannic Stucki, Jacqueline Thomet

Incentives to Eat Healthily: Evidence from a Grocery Store Field Experiment, by John A. List, Anya Samek, Terri Zhu


Volume 89/ January 2022/ Issue 353



 Volume 89/ January 2022/ Issue 353

The Impact of Sanctions for Young Welfare Recipients on Transitions to Work and Wages, and on Dropping Out, by Gerard J. van den Berg, Arne Uhlendorff, Joachim Wolff

Marriage Market Counterfactuals Using Matching Models, by Arnaud Dupuy, Simon Weber

Gravity Estimations with Interval Data: Revisiting the Impact of Free Trade Agreements, by Peter H. Egger, Mario Larch, Yoto V. Yotov

Macroeconomic Effects of the Anticipation and Implementation of Tax Changes in Germany: Evidence from a Narrative Account, by Désirée I. Christofzik, Angela Fuest, Robin Jessen

Evaluating the Impact of Entrepreneurship Edutainment in Egypt: An Experimental Approach, by Ghada Barsoum, Bruno Crépon, Drew Gardiner, Bastien Michel, William Parienté

Does Rosie Like Riveting? Male and Female Occupational Choices, by Grace Lordan, Jörn-Steffen Pischke

New Evidence on Disability Benefit Claims in Britain: The Role of Health and the Local Labour Market, by Jennifer Roberts, Karl Taylor

Voting Up? The Effects of Democracy and Franchise Extension on Human Stature, by Alberto Batinti, Joan Costa-Font, Timothy J. Hatton

Bribes and Bureaucracy Size: The Strategy of Watering Down Corruption, by Maurizio Caserta, Livio Ferrante, Francesco Reito

Audits and Government Hiring Practices, by Maximiliano Lauletta, Martín A. Rossi, Christian A. Ruzzier






Volume 88/ October 2021/ Issue 352


Volume 88/ October 2021/ Issue 352

Potential Consequences of Post-Brexit Trade Barriers for Earnings Inequality in the UK, by Rachel Griffith, Peter Levell, Agnes Norris Keiller

Populism and Civil Society, by Tito Boeri, Prachi Mishra, Chris Papageorgiou, Antonio Spilimbergo

The Wounds That Do Not Heal: The Lifetime Scar of Youth Unemployment, by Gianni De Fraja, Sara Lemos, James Rockey

Maternal Undernutrition in Adolescence and Child Human Capital Development Over the Life Course: Evidence from an International Cohort Study, by Andreas Georgiadis, Liza Benny, Paul Dornan, Jere Behrman

EURQ: A New Web Search-based Uncertainty Index, by Maria Elena Bontempi, Michele Frigeri, Roberto Golinelli, Matteo Squadrani

Technological Growth and Hours in the Long Run: Theory and Evidence, by Magnus Reif, Mewael F. Tesfaselassie, Maik H. Wolters

Product Quality and International Price Dynamics over the Business Cycle, by Marta Arespa, Diego Gruber

From Safe Motherhood to Cognitive Ability: Exploring Intrahousehold and Intergenerational Spillovers, by Somdeep Chatterjee, Prashant Poddar

Have you Read This? An Empirical Comparison of the British REF Peer Review and the Italian VQR Bibliometric Algorithm, by Daniele Checchi, Alberto Ciolfi, Gianni De Fraja, Irene Mazzotta, Stefano Verzillo

Will Brexit Age Well? Cohorts, Seasoning and the Age–Leave Gradient: On the Evolution of UK Support for the European Union, by Barry Eichengreen, Rebecca Maria Mari, Gregory Thwaites


Volume 88/ July 2021/ Issue 351


Volume 88/ July 2021/ Issue 351

Hours, Employment and Earnings of American Manufacturing Workers from the 19th Century to the 21st Century, by John H. Pencavel

Does Ignorance of Economic Returns and Costs Explain the Educational Aspiration Gap? Representative Evidence from Adults and Adolescents, by Philipp Lergetporer, Katharina Werner, Ludger Woessmann

Hierarchy and the Employer Size Effect on Wages: Evidence from Britain, by Colin P. Green, John S. Heywood, Nikolaos Theodoropoulos

Liquidity Formation and Preopening Periods in Financial Markets, by Jieying Hong, Sébastien Pouget

Violence against Rich Ethnic Minorities: A Theory of Instrumental Scapegoating, by Yann Bramoullé, Pauline Morault

Water, Health and Wealth: The Impact of Piped Water Outages on Disease Prevalence and Financial Transactions in Zambia, by Nava Ashraf, Edward Glaeser, Abraham Holland, Bryce Millett Steinberg

Self-reporting and Market Structure, by Matthew D. Rablen, Andrew Samuel

Election Outcomes and Individual Subjective Wellbeing in Great Britain, by Daniel Gray, Harry Pickard, Luke Munford


Volume 88/ April 2021/ Issue 350



Volume 88/ April 2021/ Issue 350

Gender Gaps in the Labour Market and Economic Growth, by Pierre-Richard Agénor, Kamer K. Ozdemir, Emmanuel Pinto Moreira

Capital Heterogeneity and the Decline of the Labour Share, by Mary O’Mahony, Michela Vecchi, Francesco Venturini

Measuring the Market Size for Cannabis: A New Approach Using Forensic Economics, by Matthias Parey, Imran Rasul

Longevity Adjustment of Retirement Age and Intragenerational Inequality, by Svend E. Hougaard Jensen, Thorsteinn Sigurdur Sveinsson, Gylfi Zoega

Electives Shopping, Grading Policies and Grading Competition, by Martin Gregor

Heterogeneity across Families in the Impact of Compulsory Schooling Laws, by Ciprian Domnisoru

Household Bargaining and Spending on Children: Experimental Evidence from Tanzania, by Charlotte Ringdal, Ingrid Hoem Sjursen

Comparing Apples to Apples: Estimating Consistent Partial Effects of Preferential Economic Integration Agreements, by Peter H. Egger, Filip Tarlea

Losing My Connection: The Dark Side of Bank–Firm Interlocking Directorates, by Guglielmo Barone, Litterio Mirenda, Sauro Mocetti

Identity and Redistribution: Theory and Evidence, by Sanjit Dhami, Emma Manifold, Ali al-Nowaihi

Perceptions of Inherited Wealth and the Support for Inheritance Taxation, by Spencer Bastani, Daniel Waldenström

Collateral Damage? Labour Market Effects of Competing with China—at Home and Abroad, by Sónia Cabral, Pedro S. Martins, João Pereira dos Santos, Mariana Tavares


Volume 88/ January 2021/ Issue 349



Volume 88/ January 2021/ Issue 349

Regionalism Meets Samuelson: Local Production of a National Public Good, by Jan K. Brueckner, Steven G. Craig, Kangoh Lee

Why are Fiscal Multipliers Asymmetric? The Role of Credit Constraints, by Richard McManus, F. Gulcin Ozkan, Dawid Trzeciakiewicz

Violence Against Women: A Cross-cultural Analysis for Africa, by Alberto Alesina, Benedetta Brioschi, Eliana La Ferrara

Gender Differences in Professional Career Dynamics: New Evidence from a Global Law Firm, by Ina Ganguli, Ricardo Hausmann, Martina Viarengo

Resource Discovery and the Political Fortunes of National Leaders, by Sambit Bhattacharyya, Michael Keller

Male-biased Demand Shocks and Women's Labour Force Participation: Evidence from Large Oil Field Discoveries, by Stephan E. Maurer, Andrei V. Potlogea

Presidential Elections, Divided Politics, and Happiness in the USA, by Sergio Pinto, Panka Bencsik, Tuugi Chuluun, Carol Graham

Breaking the Crystal Methamphetamine Economy: Illegal Drugs, Supply-side Interventions and Crime Responses, by Rocco d'Este




Volume 87/ October 2020/ Issue 348

Catching Cheating Students, by Ming‐Jen Lin and Steven D. Levitt

The Role of Land in Temperate and Tropical Agriculture, by T. Ryan Johnson and Dietrich Vollrath

The Impact of Trade Openness on Relative Equipment Prices: Lessons from Latin America, by Jessica Madariaga and Anton Bekkerman

Distributional Effects of Corruption When Enforcement is Biased: Theory and Evidence from Bribery in Schools in Bangladesh, by M. Shahe Emran, Asadul Islam and Forhad Shilpi

Trend Fundamentals and Exchange Rate Dynamics, by Florian Huber and Daniel Kaufmann

Gender Disparities in Sentencing, by Arnaud Philippe

‘Trophy Architects’ and Design as Rent‐seeking: Quantifying Deadweight Losses in a Tightly Regulated Office Market, by Paul C. Cheshire and Gerard H. Dericks

Does It Matter How and How Much Politicians are Paid?, by Duha T. Altindag, Elif S. Filiz and Erdal Tekin

Investment in Financial Information and Portfolio Performance, by Luigi Guiso and Tullio Jappelli

Volume 87/ July 2020/ Issue 347

A Democratic Measure of Household Income Growth: Theory and Application to the United Kingdom, by Andrew Aitken and Martin Weale

Is a Minimum Wage an Appropriate Instrument for Redistribution?, by Aart Gerritsen and Bas Jacobs

How Do NYPD Officers Respond to Terror Threats?, by Steven F. Lehrer and Louis‐Pierre Lepage

Unemployment and Effort at Work, by Michael C. Burda, Katie R. Genadek and Daniel S. Hamermesh

Occupational Social Value and Returns to Long Hours, by Dora Gicheva

Input–Output Linkages and Sectoral Volatility, by Michael Olabisi

The Effect on Annuities Preference of Prompts to Consider Life Expectancy: Evidence from a UK Quota Sample, by Jenny Robinson and David A. Comerford

Income Guarantees and Borrowing in Risky Environments: Evidence from India's Rural Employment Guarantee Scheme, by Clive Bell and Abhiroop Mukhopadhyay

Value‐Added Tax, Input–Output Linkages and Informality, by Mohammad Hoseini

Fighting for Votes: Theory and Evidence on the Causes of Electoral Violence, by Olivier Sterck

Volume 87/ April 2020/ Issue 346

Does Social Pressure Hinder Entrepreneurship in Africa? The Forced Mutual Help Hypothesis, by Philippe Alby, Emmanuelle Auriol and Pierre Nguimkeu

High‐powered Contracts, Self‐selection and Welfare in Settings with Externalities, by Eberhard Feess, M. Vittoria Levati, Marcel Rieser and Ivan Soraperra

Endogenous Institutions and Economic Outcomes, by Carmine Guerriero

Euler Equations, Subjective Expectations and Income Shocks, by Orazio Attanasio, Agnes Kovacs and Krisztina Molnar

Credit Constraints and the Inverted‐U Relationship Between Competition and Innovation, by Roberto Bonfatti and Luigi Pisano

Paying Politicians: Not Too Little, Not Too Much, by Alessandro Fedele and Pierpaolo Giannoccolo

What Drives Enrolment Gaps in Further Education? The Role of Beliefs in Sequential Schooling Decisions, by Chris Belfield, Teodora Boneva, Christopher Rauh and Jonathan Shaw

Financial Development, Endogenous Dependence on External Financing, and Trade, by ByeongHwa Choi

Volume 87/ January 2020/ Issue 345

Intergenerational Earnings Mobility in Post‐Soviet Russia, by Gleb V. Borisov and Christopher A. Pissarides

School Grants and Education Quality: Experimental Evidence from Senegal, by Pedro Carneiro, Oswald Koussihouèdé, Nathalie Lahire, Costas Meghir and Corina Mommaerts

Exponential‐growth Bias in Experimental Consumption Decisions, by Matthew R. Levy and Joshua Tasoff

Chameleons: The Misuse of Theoretical Models in Finance and Economics, by Paul Pfleiderer

Incomplete Preferences and Equilibrium in Contingent Markets, by Robert Chambers and Tigran Melkonyan

A Two‐sided Matching Model of Monitored Finance, by Arturo Antón and Kaniṣka Dam

The Evolution of Charter School Quality, by Patrick L. Baude, Marcus Casey, Eric A. Hanushek, Gregory R. Phelan and Steven G. Rivkin

Economic Crises and Unemployment Persistence: Analysis of Job Losses During the Finnish Recession of the 1990s, by Jouko Verho

Firm‐level Investment Spikes and Aggregate Investment over the Great Recession, by Richard Disney, Helen Miller and Thomas Pope

Saving and Bequest in China: An Analysis of Intergenerational Exchange, by Ingvild Almås, Eleonora Freddi and Øystein Thøgersen

How Important are Firms in Explaining Wage Changes During a Recession?, by Aedín Doris, Donal O'Neill and Olive Sweetman



Volume 86 / October 2019 / Issue 344


The Decline in Capital Efficiency and Labour Share, by Fernando del Río and Francisco-Xavier Lores

Employment Protection and Firm Relocation: Theory and Evidence, by Gerda Dewit, Holger Görg and Yama Temouri

Old and Young Politicians, by Alberto Alesina, Traviss Cassidy and Ugo Troiano

The Real Effects of Credible Disinflation in the Presence of Real Wage Rigidities, by Mewael F. Tesfaselassie

Do-it-yourself Digital: the Production Boundary, the Productivity Puzzle and Economic Welfare, by Diane Coyle

When do Voters Weaken Checks and Balances to Facilitate Economic Reform?, by Alvaro Forteza and Juan S. Pereyra

Early Marriage, Social Networks and the Transmission of Norms, by M. Niaz Asadullah and Zaki Wahhaj

Efficiency under Uncertainty and Non-convexity: Evaluating the Role of Probabilities, by Jean-Paul Chavas and Walter Briec

Volume 86 / July 2019 / Issue 343


Monetary Policy, Product Market Competition and Growth, by Philippe Aghion, Emmanuel Farhi and Enisse Kharroubi

Who Got the Brexit Blues? The Effect of Brexit on Subjective Wellbeing in the UK, by Nattavudh Powdthavee, Anke C. Plagnol, Paul Frijters and Andrew E. Clark

The Rise and Fall of Consumption in the 2000s: A Tangled Tale, by Yuliya Demyanyk, Dmytro Hryshko, María José Luengo-Prado and Bent E. Sørensen

Special Economic Zones and WTO Compliance: Evidence from the Dominican Republic, by Fabrice Defever, José-Daniel Reyes, Alejandro Riaño and Miguel Eduardo Sánchez-Martín

Local Environmental Quality and Interjurisdictional Spillovers, by John William Hatfield and Katrina Kosec

The Effect of University Fees on Applications, Attendance and Course Choice: Evidence from a Natural Experiment in the UK, by Filipa Sá

Volume 86 / April 2019 / Issue 342


Risky Sexual Behaviours: Biological Markers and Self-reported Data, by Lucia Corno and Áureo De Paula

Inflation Targets and the Zero Lower Bound in a Behavioural Macroeconomic Model, by Paul De Grauwe and Yuemei Ji

Airport Size and Urban Growth, by Nicholas Sheard

The Public and Private Marginal Product of Capital, by Matt Lowe, Chris Papageorgiou and Fidel Perez-Sebastian

Foreign Direct Investment, Source Country Heterogeneity and Management Practices, by Fredrik Heyman, Pehr-Johan Norbäck and Rickard Hammarberg

Note on Idea Diffusion Models with Cohort Structures, by Santiago Caicedo

Some Misconceptions About Public Investment Efficiency and Growth, by Andrew Berg, Edward F. Buffie, Catherine Pattillo, Rafael Portillo, Andrea F. Presbitero and Luis-Felipe Zanna

Volume 86/ January 2019/ Issue 341

Coase Lecture - The Inverted-U Relationship Between Credit Access and Productivity Growth, by Philippe AghionAntonin BergeaudGilbert CetteRémy Lecat and Hélène Maghin

Public Goods and Ethnic Diversity: Evidence from Deforestation in Indonesia, by Alberto AlesinaCaterina Gennaioli and Stefania Lovo

Destination-based vs. Origin-based Commodity Taxation in Large Open Economies with Unemployment, by Fabio AntoniouPanos Hatzipanayotou and Nikos Tsakiris

Real Effect of Bank Efficiency: Evidence from Disaggregated Manufacturing Sectors, by Ali Mirzaei and Tomoe Moore

Export Destination Characteristics and Markups: The Role of Country Size, by Umut Kilinç

A Non-unitary Discount Rate Model, by Takeo Hori and Koichi Futagami

Don’t Look Down: The Consequences of Job Loss in a Flexible Labour Market, by Richard Upward and Peter W. Wright

Immigration Policies and the Choice between Documented and Undocumented Migration, by Slobodan Djajic ́ and Alexandra Vinogradova



Volume 85 / October 2018 / Issue 340


How Much do Existing Borrowers Value Microfinance? Evidence from an Experiment on Bundling Microcredit and Insurance, by Abhijit Banerjee, Esther Duflo and Richard Hornbeck

Wage Regulation and the Quality of Police Applicants, by Rowena Crawford and Richard Disney

What Do We Know About the Effects of Macroprudential Policy?, by Gabriele Galati and Richhild Moessner

The Competitive Effects of Credit Constraints in the Global Economy, by Peter Egger, Sebastian Kunert and Tobias Seidel

A Head-count Measure of Rank Mobility and its Directional Decomposition, by Walter Bossert, Burak Can and Conchita D’Ambrosio

Intergenerational Earnings Persistence and Economic Inequality in the Long Run: Evidence from French Cohorts, 1931–75, by Arnaud Lefranc

Attitudes Towards Large Income Risk in Welfare States: An International Comparison, by Fred Schroyen and Karl Ove Aarbu

Leveraging Monopoly Power by Degrading Interoperability: Theory and Evidence from Computer Markets by, Christos Genakos, Kai-Uwe Kühn and John Van Reenen

Volume 85 / July 2018 / Issue 339


Wage Flexibility and Employment Fluctuations: Evidence from the Housing Sector, by Jorn-Steffen Pischke

Should Congestion Tolls be Set by the Government or by the Private Sector? The Knight-Pigoy Debate Revisited, by Stephen Salant and Nathan Seegert

House Prices, Wealth Effects and Labour Supply, by Richard Disney and John Gathergood

The Economic Consequences of Political Donation Limits, by John Maloney and Andrew Pickering

Clientelism, Contagious Voting and Governance, by Abhirup Sarkar

Did the Swedish Tobacco Monopoly Set Monopoly Prices?, by Marcus Asplund

Did the Euro Common Currency Increase or Decrease Business Cycle Synchronization for its Member Countries?, by William Miles, Chu-Ping C Vijverberg

Accounting for the UK Productivity Puzzle: A Decomposition and Predictions, by Peter Goodridge, Jonathan Haskel, and Gavin Wallis

Trends in Life Expectancy by Income and the Role of Specific Causes of Death, by Karin Hederos, Markus Jantti, Lena Lindahl, and Jenny Torssander

Debt Relief for Poor Countries: Conditionality and Effectiveness, by Almuth Scholl

The Effects of Recommended Retail Prices on Consumer and Retailer Behaviour, by Lisa Bruttel

Volume 85 / April 2018 / Issue 338


Coase Lecture – The Glass Ceiling, by Marianne Bertrand

Does Financial Deregulation Boost Top Incomes? Evidence from the Big Bang, by
Julia Tanndal and Daniel Waldenstrom

Mandated Political Representation and Redistribution, by Anirban Mitra

General Equilibrium Dynamics with Naïve and Sophisticated Hyperbolic Consumers in an Overlapping Generations Economy, by Takeshi Ojima

Risk Preferences and the Role of Emotions, by Anna Conte, M Vittoria Levati and Chiara Nardi

International Technology Spillovers and Growth over the Past 142 Years: The Role of Genetic Proximity, by Jakob B Madsen and Minoo Farhadi

Towards an Understanding of the Origins of the Favourite–Longshot Bias: Evidence
from Online Poker Markets, a Real-money Natural Laboratory, by Leighton Vaughan Williams, Ming-Chien Sung, Peter A F Fraser-Mackenzie, John Peirson and
Johnnie E V Johnson

Measuring Corruption in China: An Expenditure-based Approach Using Household Survey Data, by Hai Zhong

Volume 85 / January 2018 / Issue 337

Phillips Lecture – Why Some Times Are Different: Macroeconomic Policy and the Aftermath of Financial Crises, by Christina D Romer and David H Romer

Friends with Benefits: How Political Connections Help to Sustain Private Enterprise Growth in China, by James Kai-sing Kung and Chicheng Ma

Public–Private Mixed Delivery and Information Effects, by Illoong Kwon and Sangin Park

The Impact of House Prices on Consumption in the UK: a New Perspective, by Vivien Burrows

Job Loss and Immigrant Labour Market Performance, by Bernt Bratsberg, Oddbjørn Raaum and Knut Røed

The Clash of Central Bankers with Labour Market Insiders, and the Persistence of Inflation and Unemployment, by George Alogoskoufis

Export and Innovation in Small and Medium Enterprises: The Role of Concentrated Bank Borrowing, by Maria Luisa Mancusi, Andrea Vezzulli, Serena Frazzoni, Zeno Rotondi and Maurizio Sobrero


Volume 84 / October 2017 / Issue 336

On a World Climate Assembly and the Social Cost of Carbon, by Martin L Weitzman

Non-additivity and the Salience of Marginal Productivities: Experimental Evidence on Distributive Fairness, by Urs Fischbacher, Nadja Kairies-Schwarz and Ulrike Stefani

Knowledge is Power: A Theory of Information, Income and Welfare Spending, by Jo Thori Lind and Dominic Rohner

Migration when Social Preferences are Ordinal: Steady-state Population Distribution and Social Welfare, by Oded Stark

Demographic Change and R&D-based Economic Growth, by Klaus Prettner and Timo Trimborn

Do Banks Lend Less in Uncertain Times?, by Burkhard Raunig, Johann Scharler and Friedrich Sindermann

Social Spillovers in the Classroom: Identification, Estimation and Policy Analysis, by Santiago Pereda-Fernández

The Intergenerational Transmission of Education: New Evidence from Adoptions in the USA, by Mary A Silles

Fiscal Policy and Inflation in a Monetary Union, by José-Miguel Cardoso-Costa and Vivien Lewis

Government Size and Macroeconomic Volatility, by Fabrice Collard, Harris Dellas and George Tavlas

The Discounted Euler Equation: A Note, by Alisdair McKay, Emi Nakamura and Jón Steinsson

Volume 84 / July 2017 / Issue 335

Coase Lecture - Taxes, Targets and the Social Cost of Carbon, by Robert S Pindyck

Group Learning, Wage Dispersion and Non-stationary Offers, by Julio J Rotemberg

Death and the Media: Infectious Disease Reporting During the Health Transition, by Dora L Costa and Matthew E Kahn

Baumol's Cost Disease and the Sustainability of the Welfare State, by Torben M Andersen and Claus T Kreiner

Do the Right Thing: Incentives for Policy Selection in Presidential and Parliamentary Systems, by Michela CellaGiovanna Iannantuoni and Elena Manzoni

The Good, the Bad and the Different: Can Gender Quotas Raise the Quality of Politicians?, by Paulo Júlio and José Tavares

Spacey Parents and Spacey Hosts in Foreign Direct Investment, by Harald Badinger and Peter Egger

Workplace Productivity and Bonus Preferences: Why Do Men With Low Productivity Prefer Individual Pay?, by Gaute Torsvik

Volume 84 / April 2017 / Issue 334 Special Issue on Inequality


Volume 84 / April 2017 / Issue 334  Special Issue on Inequality

The issue commemorates Frank Cowell's contribution to Economica as Editor from 1982 to 2015.

Pareto and the Upper Tail of the Income Distribution in the UK: 1799 to the Present, by A B Atkinson

Two Decades of Income Inequality in Britain: The Role of Wages, Household Earnings and Redistribution, by Chris Belfield, Richard Blundell, Jonathan Cribb, Andrew Hood and Robert Joyce

Gender Inequality and Economic Development: Fertility, Education and Norms, by Henrik Kleven and Camille Landais

Wellbeing Inequality and Preference Heterogeneity, by Koen Decancq, Marc Fleurbaey and Erik Schokkaert

On the Share of Inheritance in Aggregate Wealth: Europe and the USA, 1900–2010, by Facundo Alvaredo, Bertrand Garbinti and Thomas Piketty

Pareto Models, Top Incomes and Recent Trends in UK Income Inequality, by Stephen P Jenkins

Inequality with Ordinal Data, by Frank A Cowell and Emmanuel Flachaire

Dynamic Equality of Opportunity, by John E Roemer and Burak Ünveren

Volume 84 / January 2017 / Issue 333

Phillips Lecture - The Anatomy of Stagnation in a Modern Economy, by Robert E Hall

Defaults, Decision Costs and Welfare in Behavioural Policy Design, by Nicholas Chesterley

The Importance of Product Reformulation Versus Consumer Choice in Improving Diet Quality, by Rachel Griffith, Martin O'Connell and Kate Smith

The Design of Vertical R&D Collaborations, by Patrick Herbst and Uwe Walz

Centralised Fiscal Spending by Supranational Unions, by Jenny Simon and Justin Mattias Valasek

Martial Sorting, Inequality and the Role of Female Labour Supply: Evidence from East and West Germany, by Nico  Pestel


Volume 83 / October 2016 / Issue 332

Recovery from Work and the Productivity of Working Hours, by John Pencavel

Churn Versus Diversion in Antitrust: An Illustrative Model, by Yongmin Chen and Marius Schwartz

Resilient Leaders and Institutional Reform: Theory and Evidence, by Timothy Besley, Torsten Persson and Marta Reynal-Querol

Aid, Catastrophes and the Samaritan's Dilemma, by Paul A Raschky and Manijeh Schwindt

Sale of Visas: a Smuggler's Final Song?, by Emmanuelle Auriol and Alice Mesnard

Assessing Individual Income Growth, by Stephen P Jenkins and Philippe Van Kerm

Role-dependent Social Preferences, by Friedel Bolle and Philipp E Otto

Incentive Provision when Contracting is Costly, by Ola Kvaløy and Trond E Olsen

Volume 83 / July 2016 / Issue 331

Saints Marching In, 1590-2012, by Robert J Barro and Rachel M McCleary

Subjective Expectations and Income Processes in Rural India, by Orazio Attanasio and Britta Augsburg

Real Rigidities and Nominal Price Changes, by Peter J Klenow and Jonathan L Willis

Growth and Violence: Argument for a Per Capita Measure of Civil War, by Hannes Mueller

Does the Federal Reserve have Private Information about its Future Actions?, by Bedri Kamil Onur Taş

'For Richer, For Poorer': Assortative Mating and Savings Preferences, by Luc Arrondel and Nicolas Frémeaux

Volume 83 / April 2016 / Issue 330

Coase Lecture - Human Capital, Inequality and Tax Reform: Recent Past and Future Prospects, by Richard Blundell         

Why Can Modern Governmen Tax So Much? An Agency Model of Firms as Fiscal Intermediaries, by Henrik Jacobsen Kleven, Claus Thustrup Kreiner and Emmanuel Saez

Shopping Around: How Households Adjusted Food Spending Over the Great Recession, by Rachel Griffith, Martin O'Connell and Kate Smith

The Rising Postgraduate Wage Premium, by Joanne Lindley and Stephen Machin

Predicateble Recoveries, by Xiaoming Cai, Wouter J Den Haan and Jonathan Pinder

Intra-industry trade: A Krugman-Ricardo Model and Data, by Kwok Tong Soo

The Impact of Government Debt, Expenditure  and Taxes on Aggregate Investment and Productivity Growth, by Simone Salotti and Carmine Trecroci

Volume 83 / January 2016 / Number 329

Education as Liberation?, by Willa Friedman, Michael Kremer, Edward Miguel and Rebecca Thornton 

A General Equilibrium Analysis of Personal Bankruptcy Law, by Ulf Von Lilienfeld-Toal and Dilip Mookherjee

Information and Enforcement in Informal Credit Markets, by Parikshit Ghosh and Debraj Ray

The Slow Growth of New Plants: Learning about Demand?, by Lucia Foster, John Haltiwanger and Chad Syverson

Spatial Asset Pricing: A First Step, by François Ortalo-Magné and Andrea Prat

Does Competition Solve the Hold-up Problem?, by Leonardo Felli and Kevin Roberts



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