You're the One That I Want! Understanding the Overrepresentation of Women in the Public Sector

By Pedro Gomes and Zoë Kuehn

American Economic Journal: Macroeconomics, April 2026

The public sector hires disproportionally more women than men. Using microdata, we document gender differences in employment, transition probabilities, hours, and wages in the public and private sector. We calibrate a search and matching model where men a...

Disagreement about Monetary Policy

By Karthik A. Sastry

American Economic Journal: Macroeconomics, April 2026

This paper studies why central banks and markets hold different beliefs. I introduce a model that formalizes three mechanisms for disagreement: asymmetric information about fundamentals, different perceptions of the policy rule, and different confidence i...

Cognitive Hubs and Spatial Redistribution

By Esteban Rossi-Hansberg, Pierre-Daniel Sarte, and Felipe Schwartzman

American Economic Journal: Macroeconomics, April 2026

In the United States, cognitive nonroutine (CNR) occupations are disproportionately and increasingly represented in large cities. To study the allocation of workers across cities, we propose a quantitative spatial equilibrium model with multiple industrie...