{"title":"Replication code availability over time and across fields: Evidence from the German Socio-Economic Panel","authors":"Lukas Fink, Jan Marcus","doi":"10.1111/ecin.13267","DOIUrl":"https://doi.org/10.1111/ecin.13267","url":null,"abstract":"<p>Providing replication code is an inexpensive way to facilitate reproducibility. However, little is known about the extent of replication code provision. Therefore, we examine the availability of replication code for over 2500 peer-reviewed articles based on the German Socio-Economic Panel (SOEP), one of the most widely used datasets in economics and other social sciences. We find that only 6% of SOEP-based studies have code available, but that this proportion has increased sharply over time. We provide evidence that the increase in code provision is driven by technological advances, individual researcher initiatives, and journal policies.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 2","pages":"357-386"},"PeriodicalIF":1.7,"publicationDate":"2024-11-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13267","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143629876","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Parenthood and occupational mobility","authors":"Andrew Yizhou Liu","doi":"10.1111/ecin.13266","DOIUrl":"https://doi.org/10.1111/ecin.13266","url":null,"abstract":"<p>I show that parenthood contributes to the downward-sloping age-occupational-mobility profile. After the birth of the first child, men experience a 20% decline in occupational switching which is uniform across upward and downward mobility. For women, the decline is 14%, which is larger for upward than for downward occupational mobility. Therefore, parenthood can explain 22% and 12% of the declines in occupational mobility for working men and women between 25 and 45 years of age, respectively. Workers in disadvantaged groups experience larger decreases, highlighting the potential impacts of parenthood on their occupational choices.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 2","pages":"504-522"},"PeriodicalIF":1.7,"publicationDate":"2024-11-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143629899","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Sentiment analysis of economic text: A lexicon-based approach","authors":"Luca Barbaglia, Sergio Consoli, Sebastiano Manzan, Luca Tiozzo Pezzoli, Elisa Tosetti","doi":"10.1111/ecin.13264","DOIUrl":"https://doi.org/10.1111/ecin.13264","url":null,"abstract":"<p>We propose an economic lexicon (EL) specifically designed for textual applications in economics. We construct the dictionary with two important characteristics: (1) to have a wide coverage of terms used in documents discussing economic concepts, and (2) to provide a human-annotated sentiment score in the range [−1, 1]. We illustrate the use of the EL in the context of a simple sentiment measure and consider several applications in economics. The comparison to other lexicons shows that the EL is superior due to its wider coverage of domain relevant terms and its more accurate categorization of the word sentiment.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 1","pages":"125-143"},"PeriodicalIF":1.7,"publicationDate":"2024-11-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13264","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143114637","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Maria Ferrara, Cristiana Fiorelli, Elisabetta Marzano, Monica Varlese
{"title":"Fiscal consolidation plans with underground economy","authors":"Maria Ferrara, Cristiana Fiorelli, Elisabetta Marzano, Monica Varlese","doi":"10.1111/ecin.13263","DOIUrl":"https://doi.org/10.1111/ecin.13263","url":null,"abstract":"<p>Fiscal consolidation literature often neglects that there are economies characterized by sizable underground sectors, with their mechanisms of response to fiscal policy shocks. Therefore, reliable analyses of fiscal consolidation plans call for the decomposition of Gross Domestic Product in its regular and hidden components. We investigate fiscal consolidation effects in the context of tax evasion for the Italian economy. Results show that a temporary cut in public spending associated with a permanent drop in tax rate yet entails tax evasion reduction. The main underlying mechanism is the strong responsiveness of the underground sector, implying a reallocation of resources toward the regular sector.</p>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 1","pages":"144-159"},"PeriodicalIF":1.7,"publicationDate":"2024-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143112219","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"On the design of an optimal immigration policy","authors":"Armando R. Lopez-Velasco","doi":"10.1111/ecin.13260","DOIUrl":"https://doi.org/10.1111/ecin.13260","url":null,"abstract":"<div>\u0000 \u0000 \u0000 <section>\u0000 \u0000 <p>This paper constructs a model for the study of optimal immigration from the perspective of natives. They have preferences over redistributive transfers, a public good subject to congestion, and over the level of family-based migration. Border enforcement is costly. The model derives conditions for an optimal immigration policy, which balances skill-based against family-based migration, equalizes the fiscal opportunity cost of unauthorized immigration with the marginal cost of enforcement, and balances the effects on transfers against the implied congestion effects. A parameterized version of the model studies the 1994–2008 period and finds legislation projects on immigration consistent with the model's predictions.</p>\u0000 </section>\u0000 </div>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 1","pages":"47-97"},"PeriodicalIF":1.7,"publicationDate":"2024-11-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143112218","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Specialization trends in economics research: A large-scale study using natural language processing and citation analysis","authors":"Sebastian Galiani, Ramiro H. Gálvez, Ian Nachman","doi":"10.1111/ecin.13261","DOIUrl":"https://doi.org/10.1111/ecin.13261","url":null,"abstract":"<div>\u0000 \u0000 \u0000 <section>\u0000 \u0000 <p>This article conducts a comprehensive analysis of specialization trends within and across fields of economics research. We collect data on 24,273 articles published between 1970 and 2016 in general research economics outlets and employ machine learning techniques to enrich the collected data. Results indicate that theory and econometric methods papers are becoming increasingly specialized, with a narrowing scope and steady or declining citations from outside economics and from other fields of economics research. Conversely, applied papers are covering a broader range of topics, receiving more extramural citations from fields like medicine, and psychology. Trends in applied theory articles are unclear.</p>\u0000 </section>\u0000 </div>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 1","pages":"289-329"},"PeriodicalIF":1.7,"publicationDate":"2024-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143110979","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Leadership in a social dilemma: Does it matter if the leader is pro-social or just says they are pro-social?","authors":"Edward Cartwright, Yidan Chai, Lian Xue","doi":"10.1111/ecin.13256","DOIUrl":"https://doi.org/10.1111/ecin.13256","url":null,"abstract":"<div>\u0000 \u0000 \u0000 <section>\u0000 \u0000 <p>Previous studies have shown that pro-social leaders cooperate, on average, more than pro-self leaders in social dilemmas. It can, thus, be beneficial for the group to have a pro-social leader. In this paper we analyze the consequences of a leader <i>informing</i> followers that they are pro-social (or pro-self). In doing so, we compare a setting in which the leader's type is truthfully revealed to settings where the leader can ‘hide’ or ‘lie’ about their pro-sociality. We find that a leader saying they are pro-social boosts efficiency, even if the signal is not fully credible. Cooperation is highest in a truth setting with a pro-social leader. We demonstrate that these results are consistent with a belief-based model of social preference in which the stated type of the leader changes the frame of reference for followers.</p>\u0000 </section>\u0000 </div>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 1","pages":"160-180"},"PeriodicalIF":1.7,"publicationDate":"2024-10-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13256","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143120717","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Reducing the replication time for structural estimations: A successful replication of “An Anatomy of International Trade” using GPU computing","authors":"Jiatong Zhong","doi":"10.1111/ecin.13257","DOIUrl":"https://doi.org/10.1111/ecin.13257","url":null,"abstract":"<div>\u0000 \u0000 \u0000 <section>\u0000 \u0000 <p>Eaton, Kortum, and Kramarz (2011) (EKK) discovered empirical patterns from French manufacturing firms that a baseline firm heterogeneity model could not explain. The authors proposed and estimated a model that closely matches the patterns observed in French data. This paper successfully replicates their findings using author-provided data, re-implementing their algorithms in Python and leveraging graphics processing unit computing to significantly boost computational speed. Applying the model to Chinese manufacturing data, despite differences in context, showed that the model explains most observed patterns well.</p>\u0000 </section>\u0000 </div>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 2","pages":"424-440"},"PeriodicalIF":1.7,"publicationDate":"2024-10-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13257","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143629898","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Pricing in response to new information: The case of betting markets","authors":"Kai Fischer, W. Benedikt Schmal","doi":"10.1111/ecin.13258","DOIUrl":"https://doi.org/10.1111/ecin.13258","url":null,"abstract":"<div>\u0000 \u0000 \u0000 <section>\u0000 \u0000 <p>Markets are information aggregators. But how do they incorporate new data into their pricing? We examine the response of prediction markets to a novel information shock in a quasi-natural experiment: How did the absence announcements of elite soccer players influence the betting odds of affected matches? Analyzing the first four statistical moments of 117,174 odds from 32 bookmakers, we identify initial inertia followed by a lagged reaction that we cannot reason with learning. Our findings raise questions about how bettors and bookmakers incorporate new information into their beliefs. It has broader implications regarding information processing in markets.</p>\u0000 </section>\u0000 </div>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 1","pages":"236-264"},"PeriodicalIF":1.7,"publicationDate":"2024-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://onlinelibrary.wiley.com/doi/epdf/10.1111/ecin.13258","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143118383","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Measuring the U.S. monetary noise shocks","authors":"Yi-Hua Wu, Ching-Chong Lai","doi":"10.1111/ecin.13262","DOIUrl":"https://doi.org/10.1111/ecin.13262","url":null,"abstract":"<div>\u0000 \u0000 \u0000 <section>\u0000 \u0000 <p>Agents' beliefs regarding future monetary policy changes influence their current decisions. However, these expectations may not always materialize in the future. This study shows that the monetary fundamental shocks (exogenous changes consistent with expectations) stabilize output and inflation, while the noise shocks (biased beliefs that fail to be realized in the future) increase economic fluctuations. Moreover, factors that amplify financial frictions—the spread between the capital return of entrepreneurs and the risk-free interest rate of a central bank—can increase anticipation effects associated with these two types of monetary policy shocks.</p>\u0000 </section>\u0000 </div>","PeriodicalId":51380,"journal":{"name":"Economic Inquiry","volume":"63 1","pages":"98-124"},"PeriodicalIF":1.7,"publicationDate":"2024-10-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"143118384","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}