Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/297858 
Year of Publication: 
2024
Series/Report no.: 
FMM Working Paper No. 95
Publisher: 
Hans-Böckler-Stiftung, Macroeconomic Policy Institute (IMK), Forum for Macroeconomics and Macroeconomic Policies (FMM), Düsseldorf
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
Creative Commons License: 
cc-by Logo
Document Type: 
Working Paper

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