The Quarterly Journal of Economics
Articles in this Issue
Trust and Innovation Within the Firm: Evidence from Matched CEO-Firm Data
Abstract This article shows that a CEO’s trust enhances innovation within a firm, providing a novel micro-foundation for the well-known trust-growth relationship. I build a new match...
Complete Pass-Through in Levels
Abstract Empirical studies find that the pass-through of input cost changes to prices is incomplete: a 10% increase in costs causes downstream prices to rise less than 10%, even at l...
Monetary Policy and Sovereign Risk in Emerging Economies (NK-Default)
Abstract This article develops a New Keynesian model with sovereign default risk. Inflation is set by forward-looking firms, monetary policy is an interest rate rule, and the fiscal...
The Macroeconomic Impact of Climate Change: Global Versus Local Temperature
Abstract This article estimates that the macroeconomic damages from climate change are an order of magnitude larger than previously thought. Exploiting natural global temperature var...
Civil War–Induced Displacement and Human Capital
Abstract We study the effect of conflict-induced displacement on human capital and occupational shifts, focusing on the Mozambican civil war (1977–1992), during which millions of civ...
Disaggregated Economic Accounts
Abstract We develop a system of disaggregated economic accounts. The system breaks down national accounting positions into bilateral flows between consistently defined groups of cons...
Insuring Peace: Index-Based Livestock Insurance, Droughts, and Conflict
Abstract We provide quasi-experimental evidence of how an innovative market-based solution using remote-sensing technology can mitigate drought-induced conflict. Droughts are a major...
A Theory of How Workers Keep up with Inflation
Abstract We develop a model that integrates modern theories of labor market flows with nominal wage rigidities to study the consequences of inflation on the labor market. Nominal wag...
Automation and Rent Dissipation: Implications for Wages, Inequality, and Productivity
Abstract This article studies the effects of automation in a task-based economy in which some jobs pay workers rents—wages above workers' outside options. We show that automation tar...
How Do You Identify a Good Manager?
Abstract We introduce and validate a novel approach to identifying good managers. In a preregistered lab experiment, we causally identify managerial contributions by randomly assigni...
(Not) Thinking About the Future: Financial Information and Maternal Labor Supply
Abstract Does information about the long-run financial costs of reduced labor supply increase mothers’ working hours? We document descriptively that long-term financial factors are n...
The Future in Mind: Aspirations and Long-Term Outcomes in Rural Ethiopia
Abstract Aspirations may condition the future-oriented choices of individuals and thus may play a role in the persistence of poverty or the effort to break out of it. We run a random...
Leveraging Virtual Contact and Social Networks to Foster Interethnic Harmony
Abstract This article investigates whether virtual contact, initiated through a documentary film, can promote interethnic harmony. We carried out a cluster-randomized field experimen...
Growth Experiences and Trust in Government
Abstract This article explores the relationship between economic growth and trust in government using variation in GDP growth experienced over a lifetime since birth. We assemble a n...
Changing Opportunity: Sociological Mechanisms Underlying Growing Class Gaps and Shrinking Race Gaps in Economic Mobility
Abstract We show that intergenerational mobility changed rapidly by race and class in recent decades in the United States and study the causal mechanisms underlying those changes. Be...