Knowledge that Transforms

Previous articleNext article FreeRecent RefereesFull TextPDF Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreJournal of Political Economy acknowledges the assistance of:Rajesh AggarwalLinda ArgoteRuediger BachmannJesse BackstromMartha BaileyDavid BaqaeeNicholas BarberisJean Noel BarrotShai BernsteinJavier BianchiAdrien BilalAlberto BisinAaron Bodoh-CreedAlessandro BonattiAlec BrandonThomas BuserLuigi ButeraJian CaiSteven CallanderRossella CalviOzan CandoganTimothy CasonSylvain ChassangHailiang ChenGabe Chodorow-ReichSouphala ChomsisengphetOlivier CoibionFabrice CollardJonathan ColmerLin William CongThomas CovertFlavio CunhaJan De LoeckerMark DeanPablo D’ErasmoRebecca Dizon-RossWioletta DziudaCatherine EckelNiklas EngbomChristine ExleyBenjamin FaberJesús Fernández-VillaverdeTeresa FortAlexander FrankelCary FrydmanOded GalorNicolae GârleanuNicolas Gendron-CarrierMatthew GentzkowBenjamin GolubGreer GosnellDavid GreenDaniel GreenwaldAdam GurenKareem HaggagMarina HalacMoshe HazanRandi HjalmarssonTom HoldenJustin HolzBo HonoréPeter HullDaniel HungermanErik HurstYoko IbukaEthan IlzetzkiYannis IoannidesOleg ItskhokiPhilippe JehielYoon JoJustin JohnsonMarcin KacperczykMatthias KehrigToru KitagawaNobuhiro KiyotakiAnton KorinekFabian KosseJoshua KriegerDarius LakdawallaTim LandvoigtJean-François LaslierMin Sok LeeEdwin LeuvenIlse LindenlaubMatthew LindquistLance LochnerMichael LovenheimYang LuUlrike MalmendierGonzalo MaturanaRosa MatzkinAndrew McClellanMichael McMahonKonrad MenzelBruce MeyerMoritz Meyer-ter-VehnPascal MichaillatKris MitchenerJarle MoenChristian MoserIsmael MourifiéJoseph MullinsCharles MurryScott NelsonLars NesheimDavid NeumarkSam NorrisDavid NovgorodskyMichaela PagelMallesh PaiAlessandro PavanJacopo PeregoNicola PersicoMichael PetersLaura PilossophIvan PngRobert PollakFranck PortierMichael PowellAndrea PratErik PrawitzLouis PuttermanMarek PyciaNancy QianVincenzo QuadriniJoão RamosA. ReynosoThomas RiveraArthur RobsonGuillaume RocheteauSutanuka RoyAnya SamekEstefania Santacreu-VasutEdouard SchaalSam Schulhofer-WohlJesse ShapiroRobin SicklesHolger SiegJoel SobelFrancesco SquintaniDouglas StaigerVincent SterkJoel StiebaleHelmut StixPhilip StrahanDavid StrombergMathieu Taschereau-DumouchelKonstantinos TatsiramosMarko TervioPetra ToddMartin UribeWinnie van DijkFrederic VermeulenXavier VivesPaul WillenChen YehJungwon YeoJunjian YiH. YoungMinchul YumYifan ZhangJin ZhouFabrizio ZilibottiGabriel Zucman Previous articleNext article DetailsFiguresReferencesCited by Journal of Political Economy Volume 129, Number 3March 2021 Article DOIhttps://doi.org/10.1086/714170 Views: 540 © 2021 by The University of Chicago. All rights reserved. Crossref reports no articles citing this article.

Previous articleNext article FreeJPE Turnaround Times, Previous Two YearsPDFPDF PLUSFull Text Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreJPE Turnaround Times, Previous Two Years Outcome of 1st Round DecisionsMean Days to DecisionMedian Days to DecisionDecision Later than Six Months after Submission (as percentage of decisions within decision type)Desk Rejection53%970%Reject with Reviews38%12210615%Revise9%19116947%Average time from original submission to acceptance (omitting time with author in revision) = 452 days View Table Image Previous articleNext article DetailsFiguresReferencesCited by Journal of Political Economy Volume 129, Number 9September 2021 Article DOIhttps://doi.org/10.1086/716447 Views: 765 © 2021 by The University of Chicago. All rights reserved.PDF download Crossref reports no articles citing this article.

Previous articleNext article FreeRecent RefereesPDFPDF PLUSFull Text Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreJournal of Political Economy acknowledges the assistance of:Daniel AaronsonMartin AbelJerome AddaNikhil AgarwalMohammad AkbarpourRobert AkerlofIngvild AlmåsNabil Al-NajjarJoshua AngristOlof ÅslundEduardo AzevedoMartha BaileyMiguel BallesterDaniel BarronMarco BattagliniPatrick BayerMarianne BertrandTimothy BesleyManudeep BhullerNicolas BottanGiulia BrancaccioGreg BuchakLeonardo BursztynCharles CalomirisColin CamererOzan CandoganAndrew CaplinBharat ChandarGabe Chodorow-ReichGregory ClarkJulien CombeDiego CominAnna CostelloNatalie CoxDavid CutlerEduardo DavilaAlexandre de CornièreMonique De HaanEddie DekelMelissa DellEllora DerenoncourtManasi DeshpandeDouglas DiamondMichael DinersteinMatthias DoepkeChristian DustmannMatt ElliottHanming FangPeter FeldhutterPrice FishbackChristopher FlinnMarco FrancesconiAlexander FrankelPeter FredrikssonEric FrenchMarkus FroelichCary FrydmanJana GallusPeter GanongRobert GibbonsVincent GlodeUri GneezyMarion GousséDavid GreenMatthew GrennanFaruk GulPhilip HaileBarton HamiltonSamuel HartzmarkYinghua HeDavidson HeathBernard HerskovicFlorian HoffmannChristopher HousePeter HullJohn Eric HumphriesTullio JappelliMatthew JaremskiYuichiro KamadaLouis KaplowPinar Karaca-MandicKei KawaiMichael KeenScott KominersFabian KosseDorothea KüblerMarianna KudlyakAndreas LangeRenata LemosMoritz LenelKenneth LeonardArthur LewbelAnnie LiangLee LockwoodCorinne LowRalph LuettickeYao LuoMatteo MaggioriMihai ManeaYusufcan MasatliogluFabrizio MattesiniAlisdair McKayRobert McMillanMarc MelitzKonstantin MilbradtYuliyan MitkovJoshua MollnerJohn MondragonJoan MonrasJosé Montiel OleaThayer MorrillStephen MorrisAdair MorseJack MountjoyIsmael MourifiéXiaosheng MuJoseph MullinsKarthik NagarajanGaston NavarroChristopher NeilsonKevin NovanGuillermo OrdoñezJuan OrtnerMonica PaiellaJuan PantanoJonathan ParkerFernando ParroChristina PattersonPia PingerDevin PopeFranck PortierDavide ProserpioJohn QuahRicardo Quineche UribeValerie RameyNatalia RamondoPascual RestrepoAlbrecht RitschlSteven RivkinJames RobinsonGuillaume RocheteauKnut RøedEvan RoseEsteban Rossi-HansbergMarzena RostekJohn RustAldo RustichiniEvan SadlerRaffaella SadunYuval SalantBatchimeg SambalaibatHeather SarsonsMaximilian SchaeferRichard SchmalenseeBenjamin SchoeferChristoph SchottmuellerKarl SchurterFiona Scott MortonJoseph ShapiroMatthew ShapiroYotam Shem-TovAli ShouridehMichael SimkovicAndrey SimonovJeff SmithAlexandre SollaciRachel SoloveichikPaulo SomainiZheng SongIsaac SorkinPedro SouzaFrancesco SquintaniVictor StangoMatthias SutterMarco TabelliniSteven TadelisIna TanevaFelix TintelnotJean TiroleAlexander TorgovitskyKenneth TroskeBertil TungoddenSergio UrzúaJohn Van ReenenVictoria VanascoGreg VeramendiLise VesterlundAlessandra VoenaJonathan VogelFabian WaldingerChristopher WaltersMichael WeberJonathan WeinsteinDaniel WilhelmThomas WinberryChristian WolfGavin WrightBernard YeungAli YurukogluBasit ZafarGiulio ZanellaOren ZivUlf Zoelitz Previous articleNext article DetailsFiguresReferencesCited by Journal of Political Economy Volume 129, Number 5May 2021 Article DOIhttps://doi.org/10.1086/715534 Views: 238 © 2021 by The University of Chicago. All rights reserved.PDF download Crossref reports no articles citing this article.

Previous articleNext article FreeJPE Turnaround Times, Previous Two YearsPDFPDF PLUSFull Text Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreJPE Turnaround Times, Previous Two Years Outcome of 1st Round DecisionsMean Days to DecisionMedian Days to DecisionDecision Later than Six Months after Submission (as percentage of decisions within decision type)Desk Rejection53%970%Reject with Reviews39%12010514%Revise8%18615945%Average time from original submission to acceptance (omitting time with author in revision) = 466 days Previous articleNext article DetailsFiguresReferencesCited by Journal of Political Economy Volume 129, Number 8August 2021 Article DOIhttps://doi.org/10.1086/715839 Views: 517 © 2021 by The University of Chicago. All rights reserved.PDF download Crossref reports no articles citing this article.

Previous articleNext article FreeRecent RefereesPDFPDF PLUSFull Text Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreJournal of Political Economy acknowledges the assistance of:Francesco AgostinelliDouglas AlmondMiguel AlmuniaJose ApesteguiaPanle BarwickWilliam BassettPierpaolo BenignoMartin BerajaAllen BergerFrancesco BianchiJavier BianchiAlberto BisinNick BloomNina BobkovaJohannes BoehmJaroslav BorovičkaAlec BrandonMeta BrownAriel BursteinLuigi ButeraSteven CallanderColin CamererKatherine CaseyVaradarajan ChariKalyan ChatterjeeJonathan ChiuGabe Chodorow-ReichOlivier CoibionEmanuele ColonnelliEduardo DávilaTommaso DentiEllora DerenoncourtJavier DonnaAnna Dreber AlmenbergSebastian DyrdaArmin FalkErnst FehrJoseph FerrieRam FishmanChristopher FlinnThierry FoucaultLukas FreundWilliam FuchsFrançois GeerolfMatthew GentzkowDavid GillMarta GolinYuriy GorodnichenkoBrett GreenDenis GrombJonathan GruberOmrane GuedhamiPhilip HaileWilliam HanlonTarek HassanJuan Carlos HatchondoDavid HémousJ. HendersonBrett HollenbeckPeter HullAnna IgnatenkoRyota IijimaDavid Jimenez-GomezTimothy KehoeTodd KeisterElisabeth KempfFabian KosseIlan KremerVijay KrishnaDirk KruegerRicardo LagosLuisa LambertiniJosh LernerElliot LipnowskiAriel ListoDavid LuccaSydney LudvigsonGeorge MailathFilip MatějkaFabrizio MattesiniJohn McLarenCarl MelaMargaret MeyerBrent NeimanGeorg NoldekeMatthew NotowidigdoMallesh PaiDino PalazzoJuan PantanoTheodore PapageorgiouCecilia ParlatoreEduardo Perez-RichetIsabelle PerrigneWolfgang PesendorferMichael PetersJulien PratJoseph PriceEugenio ProtoValerie RameyBenjamin RanishDaniel RappoportDoron RavidPascual RestrepoDavid RidleyAlbrecht RitschlGuillaume RocheteauAndrés Rodríguez-ClareJuan Rubio-RamírezJohn RustAdam SacarnyAnya SamekHeather SarsonsNorbert SchadyLiyan ShiDan SilvermanKonstantin SoninJon SteinssonJan StoopRene StulzMatthias SutterAndrew SweetingChristopher TaberMichela TincaniJean TiroleAlexander TorgovitskyRobert TownsendThomas TroegerGerelt TserenjigmidCatherine TuckerBertil TungoddenWinnie van DijkDiana Van PattenDaan van SoestPierre-Louis VezinaDavid WeilJan WernerAlexander WolitzkyMichael WoodfordDavid Yanagizawa-Drott Previous articleNext article DetailsFiguresReferencesCited by Journal of Political Economy Volume 129, Number 8August 2021 Article DOIhttps://doi.org/10.1086/716708 Views: 434 © 2021 by The University of Chicago. All rights reserved.PDF download Crossref reports no articles citing this article.

Previous articleNext article FreeJPE Turnaround Times, Previous Two YearsPDFPDF PLUSFull Text Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreJPE Turnaround Times, Previous Two Years Outcome of 1st Round DecisionsMean Days to DecisionMedian Days to DecisionDecision Later than Six Months after Submission (as percentage of decisions within decision type)Desk Rejection50%1070%Reject with Reviews42%11710013%Revise8%17515941%Average time from original submission to acceptance (omitting time with author in revision) = 441 days View Table Image Previous articleNext article DetailsFiguresReferencesCited by Journal of Political Economy Volume 129, Number 2February 2021 Article DOIhttps://doi.org/10.1086/713093 Views: 205 © 2021 by The University of Chicago. All rights reserved.PDF download Crossref reports no articles citing this article.

Previous articleNext article FreeJPE Turnaround Times, Previous Two YearsFull TextPDF Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreJPE Turnaround Times, Previous Two Years Outcome of 1st Round DecisionsMean Days to DecisionMedian Days to DecisionDecision Later than Six Months after Submission (as percentage of decisions within decision type)Desk Rejection51%970%Reject with Reviews41%11710013%Revise8%17115140%Average time from original submission to acceptance (omitting time with author in revision) = 438 days View Table Image Previous articleNext article DetailsFiguresReferencesCited by Journal of Political Economy Volume 129, Number 3March 2021 Article DOIhttps://doi.org/10.1086/713658 Views: 699 © 2021 by The University of Chicago. All rights reserved. Crossref reports no articles citing this article.

Previous articleNext article Free2021 Lucas Prize AnnouncementPDFPDF PLUSFull Text Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreThe Robert E. Lucas Jr. Prize is awarded biannually for the most interesting paper in the area of Dynamic Economics published in the Journal of Political Economy in the preceding two years. The prize was established in 2016 on the occasion of the celebration of Lucas’s seminal contributions to economics and his Phoenix Prize award.Papers published between August 2018 and June 2020 were considered for the third prize, which has been awarded to Charles I. Jones and Jihee Kim for “A Schumpeterian Model of Top Income Inequality” ( Journal of Political Economy 126 [5]: 1785–1826).This paper pertains to a topic that has received much attention as of late: why is income inequality at the top so high, and why has it risen sharply in the United States, though less so in other countries? The authors provide an empirical analysis and complement it with a model to understand the facts.The authors observe that top income inequality was relatively low and stable between 1960 and 1980 but then rose sharply in the United States, Norway, and the United Kingdom. They argue that rising top income inequality to a great extent reflects rising labor income inequality, where labor income is broadly conceived and includes entrepreneurial income such as “business income.” The authors confirm that labor income is well described by a Pareto distribution, that is, that the expected income above some level is in a constant proportion relative to that level (see their fig. 4). The rising income inequality manifests itself in that this proportion has risen between 1980 and 2005.For their model, they focus on entrepreneurial activity and the resulting income as the driving force. They assume that a small share of entrepreneurs can turn their efforts into fast income growth, until they are replaced by competitors via creative destruction. This interplay produces the Pareto distribution and income inequality. They calculate the resulting efforts provided by entrepreneurs. Higher growth prospects and a lower creative destruction rate imply higher efforts as well as higher inequality. In their measurement, they calculate the contribution of each. A numerical approximation shows that the model can well account for the observed changes in income inequality. Ultimately, then, economic forces due to information technology, taxes, and policies related to innovation blocking may explain the varied patterns.This important paper is part of a growing literature that helps us more deeply understand the engines of growth, the sources of inequality, and their rich interplay. Policy choices seeking adjustments to one are likely to affect the other. Future research can build on the work by Jones and Kim to provide more detailed guidance. Previous articleNext article DetailsFiguresReferencesCited by Journal of Political Economy Volume 129, Number 2February 2021 Article DOIhttps://doi.org/10.1086/713243 Views: 375 © 2021 by The University of Chicago. All rights reserved.PDF download Crossref reports no articles citing this article.

Previous articleNext article FreeRecent RefereesPDFPDF PLUSFull Text Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreJournal of Political Economy acknowledges the assistance of:Ran AbramitzkyDilip AbreuDaron AcemogluAlessandro AcquistiGeorge AlessandriaS. Nageeb AliTreb AllenOmar Al-UbaydliBjoern BartlingJeanet BentzenMartin BerajaJames BerryCarola BinderFrederic BoissayStéphane BonhommeMaristella BotticiniLaurent BoutonMarkus BrunnermeierEric BudishMike BurkartLuís CabralSteven CallanderDavide CantoniGabriel CarrollJuan CastilloFederica CoelliOlivier CoibionRiccardo ColacitoThomas CovertMariano M. CroceJosé CuestaDiego DaruichJoel DavidOlivier De GrooteJonathan de QuidtCary DeckAdeline DelavandeTatyana DeryuginaMichael DinersteinJonathan DingelUmut DurMatt ElliottRuben EnikolopovTeresa FortMarco FrancesconiAlexander FrankelChao FuJana GallusAshvin GandhiJared GarsCécile GaubertYuriy GorodnichenkoBryan GrahamCorbett GraingerJulien GrenetJeff GroggerAdam GurenGlenn HarrisonArshia HashemiJie HeJonathan HeathcoteNathan HendricksRichard HornbeckErik HovenkampJonathan HughesIngrid HuitfeldtJane HumphriesElisabeth IsaksenAsad IslamKoichiro ItoÒscar JordàCharles KahnPeter KaradiRyan KelloggJudd KesslerMichael KileyPéter KondorMiklós KorenBotond Ko˝ szegiJulian KozlowskiKory KroftPawel KrolikowskiHoward KungClauda LambertRasmus LandersøRobert LawsonMunseob LeeEric LeeperKenneth LeonardJacob LeshnoKai LiuJay LuJune MaEsfandiar MaasoumiAlexander MacKayYusufcan MasatliogluAdrien MatrayAlisdair McKayJonathan MeerLeonardo MelosiDaniel MillimetEduardo MoralesErica MyersSusanne NeckermannWojciech OlszewskiNuno PalmaNicola PavaniniChristopher PhelanDevesh RavalRicardo ReisMassimo RiccaboniClaudia Robles-GarciaKenneth RogoffRichard RomanoMarte RønningJuan Rubio-RamírezAldo RustichiniJames SalleeThomas SampsonFlorian ScheuerRaphael SchoenleBradley SetzlerJoseph ShapiroAlp SimsekDivya SinghKenneth SmallKerry SmithNicholas Snashall-WoodhamsChristopher SnyderJörg L. SpenkuchJon SteinssonJoerg StoyeJohannes StroebelDavid StrömbergMartin StuermerJan StuhlerSilvana TenreyroNicholas TrachterEgon TripodiMaxim TroshkinBertil TungoddenDaan van SoestDimitri VayanosXavier VivesMike WaughMichael WeberMatthew WeinzierlNathan WilsonChristian WolfHendrik WolffLiyan YangVincent YaoLawrence ZbikowskiYves ZenouOwen ZidarGabriel Zucman Previous articleNext article DetailsFiguresReferencesCited by Journal of Political Economy Volume 129, Number 9September 2021 Article DOIhttps://doi.org/10.1086/716773 Views: 581 © 2021 by The University of Chicago. All rights reserved.PDF download Crossref reports no articles citing this article.

Previous articleNext article FreeRecent RefereesPDFPDF PLUSFull Text Add to favoritesDownload CitationTrack CitationsPermissionsReprints Share onFacebookTwitterLinked InRedditEmailQR Code SectionsMoreJournal of Political Economy acknowledges the assistance of:Brant AbbottFrancesco AgostinelliDavid AlbouyTreb AllenOmar Al-UbaydliManuel AmadorSandro AmbuehlIsaiah AndrewsJuan Antolin-DiazAndrew AtkesonAdrien AuclertDavid Austen-SmithDavid AutorScott BakerSpencer BanzhafGadi BarlevyChristian BayerAnke BeckerMarianne BertrandManudeep BhullerBarbara BiasiJoaquin BlaumLeah BoustanBen BrooksKevin BryanJulia CageEnrico CantoniAgostino CapponiJean-Paul CarvalhoHector ChadeLaurens CherchyeGabe Chodorow-ReichThomas ColemanDaniele CondorelliJohn ConlonChristopher CostelloGordon DahlEduardo DavilaTommaso DentiMichael DinersteinWill DobbieAntonio Doblas-MadridMatthias DoepkeSebastian DyrdaFlorian EdererMark EganMaximilian EhrlichLasse EikaMatt ElliottWilliam EvansRobert FairlieRoger FarmerShuaizhang FengJesus Fernandez-VillaverdeFilippo FerroniDoireann FitzgeraldMarco FrancesconiPeter FredrikssonChao FuYana GallenGarance GenicotMichael GerusoMichela GiorcelliMikhail GolosovCorbett GraingerPaul GriecoCristina GualdaniGlenn HarrisonJonathan HeathcoteNathaniel HendrenNathan HendricksKevin HooverJean-Francois HoudeCosmin IlutPeter KaradiMelissa KearneyPatrick KehoeTodd KeisterWilliam KerrJudd KesslerNicolas KleinPatrick KlineRalph KoijenFabian KosseAart KraayMatthias KredlerEliana La FerraraLuc LaevenDavid LagakosRicardo LagosMoritz LenelAndrei LevchenkoArthur LewbelXing LiAriel ListoJoan LlullKatrine LokenRocco MacchiavelloAlejandro ManelliRamon MarimonCostas MeghirEnrique MendozaLukas MenkhoffGuido MenzioMargaret MeyerAmeet MorjariaSuresh NaiduSalvador NavarroDavid NovgorodskyPablo OttonelloKrishna PendakurEduardo Perez-RichetWolfgang PesendorferAlessandra PeterGiacomo PonzettoAndrea PratJoseph PriceUday RajanValerie RameyNeel RaoJohn RehbeckPhilip RenyPascual RestrepoGary RichardsonGuillaume RocheteauMark RosenzweigSutanuka RoyJuan Pablo RudJohn RustThomas SampsonSusanne SchennachPaul SchmelzingPetr SedlacekAjay ShenoyXi SongDavid SplinterDmitriy StolyarovWilliam StrangeDavid StrombergBruno StruloviciJan StuhlerRobert SugdenEric SwansonAndrew SweetingSteven TadelisAndrea TambalottiEugene TanOlivier TercieuxAlexander TorgovitskyGerman Villegas BauerJonathan VogelDaniel WilhelmBen WilliamsAlexander WolmanLiangjie WuAli YurukogluGema ZamarroYiyi ZhouJidong Zhou Previous articleNext article DetailsFiguresReferencesCited by Journal of Political Economy Volume 129, Number 1January 2021 Article DOIhttps://doi.org/10.1086/713346 Views: 260 © 2021 by The University of Chicago. All rights reserved.PDF download Crossref reports no articles citing this article.