Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/281380 
Year of Publication: 
2023
Series/Report no.: 
Chemnitz Economic Papers No. 061
Publisher: 
Chemnitz University of Technology, Faculty of Economics and Business Administration, Chemnitz
Abstract: 
Over the past several decades, meta-analysis has emerged as a widely accepted tool to understand economics research. Meta-analyses often challenge the established conventional wisdom of their respective fields. We systematically review a wide range of influential meta-analyses in economics and compare them to 'conventional wisdom.' After correcting for observable biases, the empirical economic effects are typically much closer to zero and sometimes switch signs. Typically, the relative reduction in effect sizes is 45-60%.
Subjects: 
meta-analysis
systematic review
conventional wisdom
JEL: 
A14
B40
C10
Document Type: 
Working Paper

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