1/2 Climate change will displace millions in Sub-Saharan Africa. This paper shows that lowering migration barriers alone leaves many behind.

How does information about migration opportunities change outcomes? Giving Indonesian women "report cards" rating migration agencies made them choosier: migration slowed, risky illegal migration fell, and those who went had better experiences during training and abroad.

the CCP grew far faster in occupied counties—more middle- to upper-rank party cadres, grassroots political organization, and guerrilla forces—driven by power vacuums under puppet troops and war suffering, with effects persisting to 1980.

What role do firms play in immigrants' integration? Following former Soviet immigrants in Israel for three decades, this paper shows that climbing the firm ladder played a key role: immigrants moved more, climbed faster, and reached higher-paying and more desirable firms.

This paper analyzes spatial data on mineral deposits and conflict in Sierra Leone (and the rest of sub-Saharan Africa) through the lens of a theoretical model. It identifies the deposits whose development would promote peace.

How do firms form inflation expectations in a heterogeneous monetary union? Using novel euro area survey data, including an RCT, the paper shows that firms' beliefs are consistent with Bayesian updating, extrapolating from regional and national inflation to euro area expectations

How much police, prison and schooling does society need to control crime? The authors develop an equilibrium model to characterize optimal public security policies. Interactions across policies imply that impact evaluation estimates focusing on a single dimension can be misleading.

Monetary policy moves labor supply after all. When policy tightens, aggregate hours fall, but low-income workers work more. A HANK model with endogenous labor supply rationalizes this evidence, helping left-tail workers smooth consumption and lowering disinflation costs.

The paper finds that emotions causally influence policy views and that, once negative emotions are triggered, factual information is no longer relevant in the formation of policy views.

When the same shareholders own multiple banks, do borrowers pay more? In syndicated loans, we find the opposite: common ownership lets the lead bank credibly share private information, cutting loan spreads. A new upside of common ownership.

How does wealth heterogeneity shape consumption? Evidence from household panel data in 5 euro-area countries shows that MPCs fall with wealth, housing wealth matters across countries, and consumption responds more where mortgages are larger, consistent with a collateral channel.

Forthcoming article "Market Power and Regulation in Pharmaceutical Markets" by Klaus Gugler, Lukas Pirnbacher and Florian Szücs @eeanews.bsky.social Teaching materials available: www.eeassoc.org/teaching-mat... doi.org/10.1093/jeea...

Can Europe boost competitiveness with fragmented innovation policy? This new JEEA paper suggests that coordination matters: jointly designed R&D subsidies can generate large welfare gains by internalising cross-border knowledge spillovers and supporting idea diffusion through FDI.

Over the past 130 years, Germany’s top 1% wealth share has fallen by half, from close to 50% in 1895 to 26% today. Historical shocks to the valuation of wealth and taxation turn out as key drivers of the long-run evolution of the wealth distribution.

Recursive preferences penalize persistent consumption risk and value its early resolution. This creates a tax trade-off: low social mobility makes consumption risk more persistent, but reveals future consumption earlier. Optimal progressivity depends on which force dominates.

Do elections abroad shape migrants’ political engagement at home? Evidence from 1,267 elections in 43 origin and 217 residence countries shows emigrant turnout rises 7pp in homeland elections held after residence-country ones—consistent with a salience channel via media exposure.

How do social comparison affect productivity and stress, and does the peer assignment mechanisms matter? This paper shows that letting people choose their peer can yield substantial productivity gains without increasing stress too much.

Exploiting the 1999 Swiss-EU Agreement on the Free Movement of Persons as a natural experiment, the authors find that foreign inventors raised patenting in Swiss border regions, enabling R&D labs to expand and lifting incumbent inventors' productivity through new collaborations.

How does inequality shape redistribution after democratization? Evidence from an 1894 reform of poor relief governance shows larger post-reform spending increases in more unequal areas—consistent with the Meltzer–Richard model—but elite de facto power dampened the effects.

Using a dynamic structural model of oligopolistic bank branch location choice, the authors quantify the long-term impacts of the 1997 Thai financial crisis on local access to credit.

Check out the April 2026 issue (24,2) of @jeeanews.bsky.social Journal of @eeanews.bsky.social Teaching materials available: www.eeassoc.org/teaching-mat... academic.oup.com/jeea/issue

The authors identify the rent-sharing elasticity in German manufacturing using firms' energy input mix. A 10% change in rents changes wages by about 2%. Effects are asymmetric: workers do not benefit from energy price cuts, but a 10% rise in energy prices cuts wage growth by 0.34%.

What drove top inequality in France since 1984? Markups, taxes, and asset prices, but mainly through saving-rate responses. The paper quantifies the mechanisms in a heterogeneous-agent model with three assets (deposits, housing and capital) and disciplined by DINA data.

Why do groups sometimes acquire more information than individuals? This paper shows that groups seek more when information aligns preferences, but less when it creates divergence. An experiment supports these predictions. It speaks to state capacity and the wisdom of the crowd.

Can micro data identify macro spillovers? The authors show that firm- and bank-level data can discipline both the direct and indirect general-equilibrium effects of sovereign risk. Calibrated to Italy, the model implies sovereign risk accounted for roughly one-third of output losses in 2011–13.

Using data from PIAAC, the world's largest international survey of adult skills, Hartinger, Resnjanskij, Ruhose & Wiederhold show that people from more individualistic cultures develop stronger cognitive skills, invest more in education, earn higher wages, and face lower unemployment.

This paper studies how entry affects gasoline price distributions in Germany. Using several hundred entries in an event study, it finds a persistent shift in prices: little change at the top, but substantially lower prices at the left tail of the price distribution.

When does norms-based discrimination emerge? We stress the importance of economic integration. A minority is at risk of discrimination in democracy (a majority of voters may prefer a world with discrimination than without) when it is composed of many workers and few employers.

Check out the February 2026 issue (24,1) of @jeeanews.bsky.social Journal of @eeanews.bsky.social Teaching materials available: www.eeassoc.org/teaching-mat... academic.oup.com/jeea/issue

Can mandatory service build nations? Evidence from Argentina shows conscription boosts national identity and social integration, but not civic values. Effects appear driven by value inculcation in the military, not just contact across social groups.