Approximately six out of 10 economics studies published in the field’s most reputable journals — American Economic Review and the Quarterly Journal of Economics — are replicable, according to a study published today in Science.
The authors repeated the results of 18 papers published between 2011 and 2014 and found 11 — approximately 61% — lived up to their claims. But the study found the replicated effect to be on average only 66% of that reported in the earlier studies, which suggests that authors of the original papers may have exaggerated the trends they reported.
Colin Camerer, a behavioral economist at the California Institute of Technology in Pasadena, who co-authored the study, “Evaluating replicability of laboratory experiments in economics,” told us: Continue reading More than half of top-tier economics papers are replicable, study finds