School of Economics


Academics at the School of Economics regularly publish research in leading journals. Here we list highlights of the recently published materials.


Distortions, misallocation and the endogenous determination of the size of the financial sector

  • Jose Rodriguez Mora (University of Edinburgh) and Christian Bauer (LMU Munich)
  • Economic Journal (Accepted in press October 2018)

  • Abstract


Revisiting the effects of unemployment insurance extensions on unemployment: A measurement-error-corrected regression discontinuity approach

  • Steven Dieterle  (University of Edinburgh), joint with Otavio Bartalotti (Iowa State University) and Quentin Brummet (NORC at the University of Chicago)
  • American Economic Journal: Economic Policy (Accepted/in press 25 Sept 2018)

  • Abstract


The gains from economic integration

  • Jose Rodriguez Mora (University of Edinburgh) and David Comerford (University of Strathclyde)
  • Economic Policy (Accepted/In press - 25 Sep 2018)

  • Abstract

Providing advice to job seekers at low cost: An experimental study on on-line advice

  • Philipp Kircher (University of Edinburgh), Michele Belot  (University of Edinburgh) and Paul Muller (University of Gothenburg)
  • Review of Economic Studies  (Accepted 28 August 2018)

  • Abstract

Globalization and the Skilled City


Bidding for talent in sport

  • Roberto Burguet ( University of Central Florida ) and Jozsef Sakovics (University of Edinburgh)
  • Economic Inquiry (July 2018)
  • Abstract

Fixed Adjustment Costs and Aggregate Fluctuations

  • Michael W. L. Elsby (University of Edinburgh) and Ryan Michaels (Federal Reserve Bank of Philadelphia)
  • Journal of Monetary Economics (July 2018)
  • Abstract

Costly Pretrial Agreements

  • Leonardo Felli (LSE and University of Edinburgh), Luca Anderlini (Georgetown University) and Giovanni Immordino(CSEF and Universita di Napoli Federico II)
  • Journal of Legal Studies (July 2018)
  • Abstract

Liquidity, Business Cycles, and Monetary Policy

  • Nobuhiro Kiyotaki (Princeton University)
  • John Moore (University of Edinburgh)
  • Journal of Political Economy, Accepted/In press - Jun 2018
  • Abstract


Inequality Indices as Tests of Fairness

  • Andy Snell (University of Edinburgh), Ravi Kanbur (Dyson School and Economics Department, Cornell University)
  • Economic Journal (June 2018)
  • Abstract

Downward real wage rigidity and equal treatment wage contracts: Theory and evidence

  • Andy Snell (University of Edinburgh), Jonathon Thomas (University of Edinburgh), Heiko Stuber (University of Erlangen-Nuremberg)
  • Review of Economic Dynamics (July 2018)
  • DOI 10.1016/

Priorities in School Choice: The case of the Boston mechanism in Barcelona

Are People Equally Other-Regarding When Selecting a Match vs Choosingan Allocation?

  • Michele Belot (EUI/University of Edinburgh) and Marcel Fafchamps (StanfordUniversity)
  • Southern Economic Journal (April 2018)
  • DOI: 10.1002/soej.12267

Stochastic Stability of Monotone Economies in Regenerative Environments

  • Jonathan Thomas (University of Edinburgh), Tim Worrall (University of Edinburgh), Sergey Foss (Heriot-Watt University) and Seva Shneer (Heriot Watt University) 
  • Journal of Economic Theory, volume 173, pages 334-360
  • DOI:
  • Available here

Friends without benefits? New EMU members and the 'Euro Effect' on trade

  • Robert Zymek (University of Edinburgh and CESifo), Alina Mika (European Central Bank)
  • Journal of International Money and Finance , volume 83 , pages 75-92
  • DOI: http://10.1016/j.jimonfin.2018.02.001%20

Dynamic relational contracts under complete information

Bias in Returns to Tenure when Firm Wages and Employment Comove: A Quantitative Assessment and Solution


Economic growth with institutional saving and investment

  • Donald George (University of Edinburgh) 
  • Review of Political Economy (in press) 

How does retirement affect health care expenditures? Evidence from a change in the retirement age

  • Aniko Biro (University of Edinburgh) and Peter Elek (Eötvös Loránd University)
  • Health Economics (Forthcoming) 
  • DOI: 10.1002/hec.3639

Unemployment and econometric learning

Rational Inattention Dynamics: Intertia and Delay in Decision-Making

Competitive Foreclosure

Correlating Social Mobility and Economic Outcomes

  • Maia Guell (University of Edinburgh), José V. Rodríguez Mora (University of Edinburgh), Michele Pellizzari (University of Geneva) and Giovanni Pica (University of Milan)
  • Economic Journal (in press) 
  • Available here

Development Accounting with Intermediate Goods

Long-term unemployment and the Great Recession: Evidence from UK stocks and flows

Asymmetry of individual and aggregate inflation expectations: A survey

Competing with Asking Prices

  • Ludo Visschers (University of Edinburgh), Benjamin Lester (Federal Reserve Bank of Philadelphia) and Ronald Wolthoff (University of Toronto)
  • Theoretical Economics, volume 12, pages 731-770
  • DOI:
  • Available here

Bertrand and the long run

Firm Wage Differentials and Labor Market Sorting: Reconciling Theory and Evidence


How long has this been going on? Long-term unemployment in the UK

  • Mike Elsby (University of Edinburgh), Jennifer C Smith (University of Warwick) and Jonathan Wadsworth (London School of Economics)
  • Long-Term Unemployment After the Great Recession: Causes and remedies, CEPR Press 
  • Available here

The Early Origins of Birth Order Differences in Children’s Outcomes and Parental Behavior

A Simple Diagnostic to Investigate Instrument Validity and Heterogeneous Effects when using a Single Instrument Labour Economics

Gender Differences in Reactions to Feedback and Willingness to Compete

Incentives and Children's Dietary Choices: A Field Experiment in Primary Schools

Public-private sector interactions and the demand for supplementary health insurance in the United Kingdom

Culture, Work Attitudes and Job Search: Evidence from the Swiss Language Border

Do personality traits affect productivity?: Evidence from the lab

Differences between subjective and predicted survival probabilities and their relation to preventive care use

The Cognitive Effects of Micronutrient Deficiency: Evidence from Salt Iodization in the United States

  • Dimitra Politi (University of Edinburgh), James Feyrer (Dartmouth College and NBE) and David N. Wei (Brown University)
  • Journal of the European Economic Association (in press)
  • Available here

Partner Selection into Policy Relevant Field Experiments

Gender and the business cycle: an analysis of labour markets in the US and UK

Marginal Subsidies in Tullock Contests


Is a policy of free movement of workers sustainable?

  • Tim Worrall (University of Edinburgh) and Pierre Picard (University of Luxembourg)
  • Scandinavian Journal of Economics,  2015
  • Available here

An Exploratory Study of Creativity, Personality and Schooling Achievement

  • Noemi Berlin (University of Edinburgh), Jean-Louis Tavani (Université Paris 8, Laboratoire Parisien De Psychologie Sociale) and Maud Beasancon (Université Paris X)
  • Journal Education Economics, 03 November 2016
  • Available here

Perceiving prospects properly

  • Jakub Steiner (University of Edinburgh) and Colin Stewart (University of Toronto)
  • American Economic Review, 2016
  • Available here

How private is private information? The ability to spot deception in an economic game

Tractable Consumer Choice

  • József Sákovics (University of Edinburgh) and Daniel Friedman (UC Santa Cruz)
  • Theory and Decision, 79(2), 333-358 (2015)
  • Available here

Search and Learning in Markets

The Extent and Cyclicality of Career Changes: Evidence for the U.K.

  • Ludo Visschers (University of Edinburgh), Carlos Carillo Tudela (University of Essex, CESifo and IZA), Bart Hobijn (Federal Reserve Bank of San Francisco) and Powen She (University of Essex)
  • Journal European Economic Review, 2015
  • Discussion Paper No. 246

Matching, sorting, and the distributional effects of international trade

  • Philipp Kircher (University of Edinburgh), Gene M Grossman (Princeton University) and Elhanan Helpman (Harvard University and CIFAR)
  • Journal of Political Economy, 2015
  • Available here

Cognitive Discrimination - A Benchmark Experimental Study

  • Michele Belot (University of Edinburgh)
  • Journal of Neuroscience, Psychology and Economics, 2015
  • Available here

A Circular Economy Model of Economic Growth

  • Donald George (University of Edinburgh), Brian Chi-ang Lin (National Chengchi University) and Yunmin Chen (Academia Sinica)
  • Environmental Modelling & Software, 2015
  • Available here

Class-size Reduction Policies and the Quality of Entering Teachers

Money Cycles

  • Andrew Clausen (University of Edinburgh) and Carlo Strub (University of St Gallen)
  • International Economic Review, 2015
  • Discussion Paper 249

Price Distortions under Coarse Reasoning with Frequent Trade

  • Jakub Steiner (University of Edinburgh) and Colin Stewart (University of Toronto)
  • Journal of Economic Theory, 2015
  • Available here

Did the junk food tax make the Hungarians eat healthier?

  • Aniko Biro (University of Edinburgh)
  • Journal 'Food Policy', 2015
  • Available here

Marriage as a Rat Race: Noisy Pre-Marital Investments with Assortative Matching

  • Ed Hopkins (University of Edinburgh) and V. Bhaskar
  • Journal of Political Economy, 2015, p. 1-38

Efficient Competition through Cheap Talk: The Case of Competing Auctions

  • Philipp Kircher (University of Edinburgh) and Kyungmin Kim (University of Iowa)
  • Journal Econometrica, 2015
  • Available here

Efficient Firm Dynamics in a Frictional Labor Market

  • Philipp Kircher (University of Edinburgh) and Leo Kaas (University of Konstanz)
  • American Economic Review, 2015
  • Available here

Directed Search over the Life Cycle

  • Ludo Visschers (University of Edinburgh), Guido Menzio (University of Pennsylvania and NBER) and Irina Telyukova (University of California at San Diego)
  • Journal "Review of Economic Dynamics", 2016
  • Discussion Paper

Educational spillovers and parental migration

The Spillover Effects of Monitoring: A Field Experiment

  • Michele Belot (University of Edinburgh) and Marina Schröder
  • Management Science, Vol. 62, p. 37-45
  • Discussion Paper

A comprehensive comparison of students and non-students in classic experimental games

  • Michele Belot (University of Edinburgh), Raymond Duch and Luis Miller
  • Journal of Economic Behavior & Organization, February 2015
  • Available here

Factor Proportions and the Growth of World Trade

  • Robert Zymek (University of Edinburgh)
  • Journal of International Economics, Volume 95, Issue 1, pp. 42–53
  • Available here

Wage Adjustment in the Great Recession and Other Downturns: Evidence from the United States and GB

  • Mike Elsby, D Shin and Gary Solon
  • Journal of Labor Economics

Confidence and competence in communication

On the Importance of the Participation Margin for Labor Market Fluctuations

  • Mike Elsby, Bart Hobijn and Ayşegül Sahin
  • Journal of Monetary Economics
  • Available here

Unemployment Risk and Wage Differentials

  • Ludo Visschers (University of Edinburgh) and Roberto Pinheiro
  • Journal of Economic Theory, January 2015, Vol. 157, p. 397-424
  • Available here
  • Authors' version

Meeting Technologies and Optimal Trading Mechanisms in Competitive Search Markets

  • Ludo Visschers (University of Edinburgh), Benjamin Lester and Ronald Wolthoff
  • Journal of Economic Theory, Vol. 155, pp. 1-15
  • Available here
  • Authors' version

The Informational Content of Surnames

  • Maia Güell (University of Edinburgh), José V. Rodríguez Mora (University of Edinburgh) and Christopher I. Telmer
  • The Review of Economic Studies, December 2014, 82 (1)
  • Available here


The U-shapes of Occupational Mobility

  • Philipp Kircher (University of Edinburgh), Frane Groes and Iourii Manovskii
  • Review of Economic Studies, October 2014, Vol. 82, Issue 2, p. 659-692

Parental Leave and Mothers` Careers: The Relative Importance of Job Protection and Cash Benefits

  • Andreas Steinhauer (University of Edinburgh), Analia Schlosser, Rafael Lalive, and Josef Zweimuller
  • Review of Economic Studies, Vol. 81, Issue 1, p. 219-265
  • Available here

How do Principals Assign Students to Teachers?

  • Steven Dieterle (University of Edinburgh), Cassandra M. Guarino, Mark Reckas,e and Jeffrey Wooldridge
  • Journal of Policy Analysis and Management, July 2014, Vol. 34, Issue 1, p. 32-58

  • Available here

Price formation in a matching market with targeted offers

  • Jozsef Sakovics (University of Edinburgh)
  • Games and Economic Behavior, May 2014, Vol. 81, p. 161-177

  • Available here

Cycles and Instability in a Rock-Paper-Scissors Population Game: A Continuous Time Experiment

  • Ed Hopkins (University of Edinburgh), Timothy N. Cason, and Daniel Friedman
  • Review of Economic Studies, January 2014, Vol. 81, Issue 1, p. 112-136
  • Available here


Determinants of H1N1 vaccination uptake in England

  • Aniko Biro (University of Edinburgh)
  • Preventive Medicine, August 2013, Vol. 57, Issue 2, p. 140-142

  • Available here

Precautionary Demand for Money in a Monetary Business Cycle Model

  • Ludo Visschers (University of Edinburgh) and Irina Telyukova (UCSD)
  • Journal of Monetary Economics, 2013, Vol. 60, Issue 8, p. 900-916
  • Available here

Eliciting Information from a Large Population

  • Kohei Kawamura (University of Edinburgh)
  • Journal of Public Economics, July 2013, Vol. 103, p. 44-54
  • Available here

On the Difference Between Social and Private Good

  • Philipp Kircher (University of Edinburgh), Sandra Ludwig and Alvaro Sandroni
  • B.E. Journal of Theoretical Economics, June 2013, Vol. 13, Issue 1, p. 151-177
  • Available here

Discount rates and the education gradient in mammography in the UK

  • Aniko Bíró (University of Edinburgh)
  • Health Economics, January 2013, Vol. 22, Issue 9, p. 1021-1036
  • Available here

Two Studies on the Interplay between Social Preferences and Individual Biological Features

  • Santiago Sánchez-Pagés (University of Edinburgh) and Enrique Turiegano
  • Behaviour, 2013, Vol. 150, p. 713-735
  • Available here

An indirect detrimental effect of non-discrimination clauses

  • Kohei Kawamura (University of Edinburgh) and József Sákovics (University of Edinburgh)
  • Scottish Journal of Political Economy, 2014, Vol. 61, Issue 5, p. 487-501
  • Discussion Paper No. 221
  • Available here

Revealed cardinal preference

  • József Sákovics (University of Edinburgh)
  • Economic Theory Bulletin, May 2013, Vol. 1, Issue 1, p. 39-45

  • Available here

Co-payments, gatekeeping, and the utilization of outpatient public and private care at age 50 and above in Europe

  • Aniko Bíró (University of Edinburgh)
  • Health Policy, June 2013, Vol. 111, Issue 1, p. 24-33
  • Available here