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American Economic Review
1969 - 2013
Edited by Pinelopi Koujianou Goldberg
from American Economic Association EDIRC .
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Volume 96, issue 5 , 2006
Quantitative Aggregate Economics pp. 1373-1383 Finn E. Kydland Assessing the Impact of a School Subsidy Program in Mexico: Using a Social Experiment to Validate a Dynamic Behavioral Model of Child Schooling and Fertility pp. 1384-1417 Kenneth I. Wolpin and Petra Elisabeth Todd Are Technology Improvements Contractionary? pp. 1418-1448 Miles Spencer Kimball , John Fernald and Susanto Basu A Dual-Self Model of Impulse Control pp. 1449-1476 David K. Levine and Drew Fudenberg Estimating the Effects of Global Patent Protection in Pharmaceuticals: A Case Study of Quinolones in India pp. 1477-1514 Panle Gia , Pinelopi Koujianou Goldberg and Shubham Chaudhuri Accounting for the Growth of MNC-Based Trade Using a Structural Model of U.S. MNCs pp. 1515-1558 Michael P Keane and Susan E. Feinberg Inherited Control and Firm Performance pp. 1559-1588 Francisco Pérez-González Household Expenditure and the Income Tax Rebates of 2001 pp. 1589-1610 Nicholas S Souleles , Jonathan A. Parker and David S. Johnson The Hidden Costs of Control pp. 1611-1630 Michael Kosfeld and Armin Falk Globalization and Emerging Markets: With or Without Crash? pp. 1631-1651 Helene Rey and Philippe Martin Incentives and Prosocial Behavior pp. 1652-1678 Jean Tirole and Roland J. Benabou In the Right Place at the Wrong Time: The Role of Firms and Luck in Young Workers pp. 1679-1705 Stefan Bender and Till von Wachter Storable Good Monopoly: The Role of Commitment pp. 1706-1719 Igal Hendel , Paolo Dudine and Alessandro Lizzeri Crises and Prices: Information Aggregation, Multiplicity, and Volatility pp. 1720-1736 Iván Werning and George-Marios Angeletos Cognition and Behavior in Two-Person Guessing Games: An Experimental Study pp. 1737-1768 Vincent P. Crawford and Miguel A. Costa-Gomes Self-Fulfilling Currency Crises: The Role of Interest Rates pp. 1769-1787 Aleh Tsyvinski , Arijit Mukherji and Christian Hellwig Child Labor and the Labor Supply of Other Household Members: Evidence from 1920 America pp. 1788-1801 Marco Manacorda Did Unilateral Divorce Laws Raise Divorce Rates? A Reconciliation and New Results pp. 1802-1820 Justin Wolfers A New Method of Estimating Risk Aversion pp. 1821-1834 Raj Chetty Phased-In Tax Cuts and Economic Activity pp. 1835-1849 Matthew D. Shapiro and Christopher House The Japanese Saving Rate pp. 1850-1858 Selahattin Imrohoroglu , Ayse Imrohoroglu and Kaiji Chen How Special Is the Special Relationship? Using the Impact of U.S. R&D Spillovers on U.K. Firms as a Test of Technology Sourcing pp. 1859-1875 John Michael van Reenen , Rupert Harrison and Rachel Griffith Declining Volatility in the U.S. Automobile Industry pp. 1876-1889 Daniel J. Vine and Valerie Ann Ramey Empathy or Antipathy? The Impact of Diversity pp. 1890-1905 Johanne Boisjoly , Greg J. Duncan , Michael Kremer , Dan M. Levy and Jacque Eccles Inequality Aversion, Efficiency, and Maximin Preferences in Simple Distribution Experiments: Comment pp. 1906-1911 Gary E. Bolton and Axel Ockenfels Inequality Aversion, Efficiency, and Maximin Preferences in Simple Distribution Experiments: Comment pp. 1912-1917 Ernst Fehr , Michael Naef and Klaus M. Schmidt Inequality Aversion, Efficiency, and Maximin Preferences in Simple Distribution Experiments: Reply pp. 1918-1923 Dirk Engelmann and Martin Strobel Does European Unemployment Prop Up American Wages? National Labor Markets and Global Trade: Comment pp. 1924-1930 Jürgen Meckl Volume 96, issue 4 , 2006
An Astonishing Sixty Years: The Legacy of Hiroshima pp. 929-937 Thomas C. Schelling Multiple Dimensions of Private Information: Evidence from the Long-Term Care Insurance Market pp. 938-958 Amy Finkelstein and Kathleen McGarry Higher-Education Policies and the College Wage Premium: Cross-State Evidence from the 1990s pp. 959-987 Nicole M. Fortin What Mean Impacts Miss: Distributional Effects of Welfare Reform Experiments pp. 988-1012 Marianne P. Bitler , Jonah B. Gelbach and Hilary Williamson Hoynes Taxes, Cigarette Consumption, and Smoking Intensity pp. 1013-1028 Jerome Adda and Francesca Cornaglia The Speed of Learning in Noisy Games: Partial Reinforcement and the Sustainability of Cooperation pp. 1029-1042 Yoella Bereby-Meyer and Alvin E. Roth Costly Information Acquisition: Experimental Analysis of a Boundedly Rational Model pp. 1043-1068 Xavier Gabaix , David Isaac Laibson , Guillermo Moloche and Stephen Weinberg Individual Preferences, Monetary Gambles, and Stock Market Participation: A Case for Narrow Framing pp. 1069-1090 Nicholas Barberis , Ming Huang and Richard H. Thaler A Model of Forum Shopping pp. 1091-1113 Josh Lerner and Jean Tirole Cardinality versus Ordinality: A Suggested Compromise pp. 1114-1136 Michael Mandler Self-Enforcing Voting in International Organizations pp. 1137-1158 Giovanni Maggi and Massimo Morelli Speculative Growth: Hints from the U.S. Economy pp. 1159-1192 Ricardo J. Caballero , Emmanuel Farhi and Mohamad L. Hammour Shocks and Government Beliefs: The Rise and Fall of American Inflation pp. 1193-1224 Thomas J. Sargent , Noah Williams and Tao Zha Traditional Institutions Meet the Modern World: Caste, Gender, and Schooling Choice in a Globalizing Economy pp. 1225-1252 kaivan Munshi and Mark R. Rosenzweig $1,000 Cash Back: The Pass-Through of Auto Manufacturer Promotions pp. 1253-1270 Meghan Busse , Jorge Silva-Risso and Florian Zettelmeyer A Theory of Participation in Elections pp. 1271-1282 Timothy Feddersen and Alvaro Sandroni What is Discrimination? Gender in the American Economic Association, 1935-2004 pp. 1283-1292 Stephen Geoffrey Donald and Daniel Hamermesh Stock Prices, News, and Economic Fluctuations pp. 1293-1307 Paul Beaudry and Franck Portier Life-Cycle Variation in the Association between Current and Lifetime Earnings pp. 1308-1320 Steven J. Haider and Gary Solon Choice Shifts in Groups: A Decision-Theoretic Basis pp. 1321-1332 Kfir Eliaz , Debraj Ray and Ronny Razin Good Principals or Good Peers? Parental Valuation of School Characteristics, Tiebout Equilibrium, and the Incentive Effects of Competition among Jurisdictions pp. 1333-1350 Jesse Rothstein Caps on Political Lobbying: Comment pp. 1351-1354 Todd R. Kaplan and David Wettstein Caps on Political Lobbying: Reply pp. 1355-1360 Yeon-Koo Che and Ian L. Gale Credibility of Optimal Monetary Delegation: Comment pp. 1361-1366 John Driffill and Zeno Rotondi Equilibrium Incentives in Oligopoly: Corrigendum pp. 1367-1367 Chaim Fershtman and Kenneth L. Judd Volume 96, issue 3 , 2006
Increasing Residual Wage Inequality: Composition Effects, Noisy Data, or Rising Demand for Skill? pp. 461-498 Thomas Lemieux The World Technology Frontier pp. 499-522 Francesco Caselli and Wilbur John Coleman Medium-Term Business Cycles pp. 523-551 Diego Comin and Mark L. Gertler Can Information Heterogeneity Explain the Exchange Rate Determination Puzzle? pp. 552-576 Philippe Bacchetta and Eric van Wincoop Media Frenzies in Markets for Financial Information pp. 577-601 Laura Veldkamp An Efficient Dynamic Auction for Heterogeneous Commodities pp. 602-629 Lawrence M. Ausubel Superstition and Rational Learning pp. 630-651 Drew Fudenberg and David K. Levine Matching and Price Competition pp. 652-668 Jeremy Bulow and Jonathan Levin A Change Would Do You Good.... An Experimental Study on How to Overcome Coordination Failure in Organizations pp. 669-693 Jordi Brandts and David Jacob Cooper Paying Not to Go to the Gym pp. 694-719 Stefano DellaVigna and Ulrike Malmendier Handcuffs for the Grabbing Hand? Media Capture and Government Accountability pp. 720-736 Timothy J. Besley and Andrea Prat Pareto-Improving Social Security Reform when Financial Markets are Incomplete!? pp. 737-755 Dirk Krueger and Felix Kubler On the Simple Economics of Advertising, Marketing, and Product Design pp. 756-784 Justin P. Johnson and David Peter Myatt Exclusive Dealing and Entry, when Buyers Compete pp. 785-795 Chiara Fumagalli and Massimo Motta Investment Behavior, Observable Expectations, and Internal Funds pp. 796-810 Jason G. Cummins , Kevin Allen Hassett and Stephen D. Oliner General versus Specific Skills in Labor Markets with Search Frictions and Firing Costs pp. 811-831 Etienne Wasmer Training and Lifetime Income pp. 832-846 Burhanettin Kuruscu Long-Term Educational Consequences of Secondary School Vouchers: Evidence from Administrative Records in Colombia pp. 847-862 Joshua D Angrist , Eric P. Bettinger and Michael Kremer Incarceration Length, Employment, and Earnings pp. 863-876 Jeffrey Richard Kling Will International Rules on Subsidies Disrupt the World Trading System? pp. 877-895 Kyle Bagwell and Robert W. Staiger Preferential Trade Agreements as Stumbling Blocks for Multilateral Trade Liberalization: Evidence for the United States pp. 896-914 Nuno M. Limão Volume 96, issue 2 , 2006
The Quiet Revolution That Transformed Women's Employment, Education, and Family pp. 1-21 Claudia Goldin Editors' Introduction pp. 8-8 Michelle DE Blasi and Ronald L. Oaxaca Foreword pp. 9-9 George A. Akerlof Climate Treaties and "Breakthrough" Technologies pp. 22-25 Scott Barrett The Evolution of a Global Climate Change Agreement pp. 26-30 William A. Pizer After Kyoto: Alternative Mechanisms to Control Global Warming pp. 31-34 William D. Nordhaus An International Policy Architecture for the Post-Kyoto Era pp. 35-38 Sheila M. Olmstead and Robert Norman Stavins The Government's Valuation of Military Life-Saving in War: A Cost Minimization Approach pp. 39-44 Chris Rohlfs Israel, the Palestinian Factions, and the Cycle of Violence pp. 45-49 David A. Jaeger and M. Daniele Paserman Poverty, Political Freedom, and the Roots of Terrorism pp. 50-56 Alberto Abadie When to Exit a Product: Evidence from the U. S. Motion-Picture Exhibition Market pp. 57-61 Darlene C. Chisholm and George Norman Regulation under Asymmetric Information in Water Utilities pp. 62-66 Isabelle Brocas , Kitty Chan and Isabelle Perrigne The Effects of Rate Regulation on Demand for Supplemental Health Insurance pp. 67-71 M. Kate Bundorf and Kosali Ilayperuma Simon "Build-or-Buy" Strategies in the Local Loop pp. 72-76 Marc Bourreau and Pinar Dogan Patent Litigation with Endogenous Disputes pp. 77-81 James Bessen and Michael J. Meurer Simultaneous Model of Innovation, Secrecy, and Patent Policy pp. 82-86 Klaus Kultti , Tuomas Takalo and Juuso Toikka When Do More Patents Reduce R&D? pp. 87-91 Robert M. Hunt Prior User Rights pp. 92-96 Carl Shapiro Vertical Integration and Competition pp. 97-102 Philippe Aghion , Rachel Griffith and Peter Howitt Did Medicare Induce Pharmaceutical Innovation? pp. 103-107 Daron Acemoglu , David M. Cutler , Amy Finkelstein and Joshua Linn Valuing Consumer Products by the Time Spent Using Them: An Application to the Internet pp. 108-113 Austan Goolsbee and Pete Klenow The Dynamics of Open-Source Contributors pp. 114-118 Josh Lerner , Parag Pathak and Jean Tirole Dividend Taxes and Firm Valuation: New Evidence pp. 119-123 Alan Auerbach and Kevin Allen Hassett The Effects of the 2003 Dividend Tax Cut on Corporate Behavior: Interpreting the Evidence pp. 124-129 Raj Chetty and Emmanuel Saez Putting Firms into Optimal Tax Theory pp. 130-134 Wojciech Kopczuk and Joel Slemrod Housing, Credit Constraints, and Macro Stability: The Secondary Mortgage Market and Reduced Cyclicality of Residential Investment pp. 135-140 Joe Peek and James A. Wilcox Helping Infant Economies Grow: Foundations of Trade Policies for Developing Countries pp. 141-146 Bruce Greenwald and Joseph E. Stiglitz Investor Sentiment and Corporate Finance: Micro and Macro pp. 147-151 Owen A. Lamont and Jeremy C. Stein Inertia of Forward-Looking Expectations pp. 152-157 Stephen Morris and Hyun Song Shin Rational Inattention: Beyond the Linear-Quadratic Case pp. 158-163 Christopher Sims Pervasive Stickiness pp. 164-169 N. Gregory Mankiw and Ricardo Reis The Regulatory Record of the Greenspan Fed pp. 170-173 Charles W. Calomiris The Greenspan Era: Discretion, Rather than Rules pp. 174-177 Benjamin M. Friedman The Road to Price Stability pp. 178-181 Athanasios Orphanides A Letter to Ben Bernanke pp. 182-184 N. Gregory Mankiw From Inflation to More Inflation, Disinflation, and Low Inflation pp. 185-188 Allan H. Meltzer The Polarization of the U.S. Labor Market pp. 189-194 David Autor , Lawrence F. Katz and Melissa Schettini Kearney Postsecondary Education and Increasing Wage Inequality pp. 195-199 Thomas Lemieux The Evolution of Top Incomes: A Historical and International Perspective pp. 200-205 Thomas Piketty and Emmanuel Saez Discrimination, Social Identity, and Durable Inequalities pp. 206-211 Karla Hoff and Priyanka Pandey The Impact of Group Membership on Cooperation and Norm Enforcement: Evidence Using Random Assignment to Real Social Groups pp. 212-216 Lorenz Goette , David Huffman and Stephan Meier Group Affiliation and Altruistic Norm Enforcement pp. 217-221 Helen Bernhard , Ernst Fehr and Urs Fischbacher Migration, Remittances, and Male and Female Employment Patterns pp. 222-226 Catalina Amuedo-Dorantes and Susan Pozo Migration and Imperfect Monitoring: Implications for Intra-Household Allocation pp. 227-231 Joyce Chen Gender and Performance: Evidence from School Assignment by Randomized Lottery pp. 232-236 Justine S. Hastings , Thomas J. Kane and Doug Staiger The Impact of State Licensing Regulations on Low-Skilled Immigrants: The Case of Vietnamese Manicurists pp. 237-241 Maya N. Federman , David E. Harrington and Kathy J. Krynski Shades of Discrimination: Skin Tone and Wages pp. 242-245 Arthur H. Goldsmith , Darrick Hamilton and William Alexander Darity Crime and Punishment: And Skin Hue Too? pp. 246-250 Kwabena Gyimah-Brempong and Gregory Price Skin-Tone Effects among African Americans: Perceptions and Reality pp. 251-255 Joni Hersch Colorism, Complexion Homogamy, and Household Wealth: Some Historical Evidence pp. 256-260 Howard Bodenhorn Why Personal Ties Cannot Be Bought pp. 261-264 Alessandra Casella and Nobuyuki Hanaki Is School Segregation Good or Bad? pp. 265-269 Federico Echenique , Roland G. Fryer and Alex Kaufman Wages and Employment in a Random Social Network with Arbitrary Degree Distribution pp. 270-274 Yannis M. Ioannides and Adriaan Soetevent All in the Extended Family: Effects of Grandparents, Aunts, and Uncles on Educational Attainment pp. 275-278 Linda Datcher Loury Point Shaving: Corruption in NCAA Basketball pp. 279-283 Justin Wolfers How Widespread Was Late Trading in Mutual Funds? pp. 284-289 Eric Zitzewitz White-Collar Crime Writ Small: A Case Study of Bagels, Donuts, and the Honor System pp. 290-294 Steven Levitt Marriage Laws and Growth in Sub-Saharan Africa pp. 295-298 Todd Kurtis Schoellman and Michele Tertilt Trade and the Great Divergence: The Family Connection pp. 299-303 Oded Galor and Andrew Mountford Individual versus Parental Consent in Marriage: Implications for Intra-Household Resource Allocation and Growth pp. 304-307 Lena Edlund and Nils-Petter Lagerlof Family Structure, Institutions, and Growth: The Origins and Implications of Western Corporations pp. 308-312 Avner Greif Health and Democracy pp. 313-318 Timothy J. Besley and Masayuki Kudamatsu Democracy and Development: The Devil in the Details pp. 319-324 Torsten Persson and Guido Tabellini De Facto Political Power and Institutional Persistence pp. 325-330 Daron Acemoglu and James A. Robinson Modernizing China's Growth Paradigm pp. 331-336 Eswar Prasad and Raghuram G. Rajan Has Government Investment Crowded Out Private Investment in India? pp. 337-341 Pritha Mitra Why Is Russian GDP Growth Slowing? pp. 342-347 Padma Desai Who Are China's Entrepreneurs? pp. 348-352 Simeon Djankov , Yingyi Qian , Gérard Roland and Ekaterina Zhuravskaya The Multitask Theory of State Enterprise Reform: Empirical Evidence from China pp. 353-357 Chong-En Bai , Lu Jiangyong and Zhigang Tao Institutional Entrepreneurs pp. 358-362 David Daokui Li , Junxin Feng and Hongping Jiang Executive Turnover and Firm Performance in China pp. 363-367 Takao Kato and Cheryl Long Factor Reallocation in Eastern Germany after Reunification pp. 368-374 Michael Christopher Burda The Caring Hand that Cripples: The East German Labor Market after Reunification pp. 375-382 Dennis Snower and Christian Merkl Regional Labor Markets, Network Externalities and Migration: The Case of German Reunification pp. 383-387 Harald Uhlig The Return to Capital in Ghana pp. 388-393 Christopher R. Udry and Santosh Shrikant Anagol War and Institutions: New Evidence from Sierra Leone pp. 394-399 John Bellows and Edward Andrew Miguel Asian Growth and African Development pp. 400-404 Marcos Chamon and Michael R. Kremer Sudden Stops and Phoenix Miracles in Emerging Markets pp. 405-410 Guillermo A. Calvo , Alejandro Izquierdo and Ernesto Talvi Lessons from the Debt-Deflation Theory of Sudden Stops pp. 411-416 Enrique G. Mendoza On Overborrowing pp. 417-421 Martín Uribe China's Exchange Rate Policy Dilemma pp. 422-426 Morris Goldstein and Nicholas Lardy China's Exchange Rate Trap: Japan Redux? pp. 427-431 Ronald McKinnon The Parallel-Currency Approach to Asian Monetary Integration pp. 432-436 Barry Julian Eichengreen Requiring a Math Skills Unit: Results of a Randomized Experiment pp. 437-441 Susan Pozo and Charles A. Stull Technology Improves Learning in Large Principles of Economics Classes: Using Our WITS pp. 442-446 Sheryl B. Ball , Catherine C Eckel and Christian Rojas Incentives and Student Learning: A Natural Experiment with Economics Problem Sets pp. 447-452 Wayne A. Grove and Tim Wasserman Matriculation in U.S. Economics Ph.D. Programs: How Many Accepted Americans Do Not Enroll? pp. 453-457 T. Aldrich Finegan , Wendy A. Stock and John J. Siegfried Attrition in Economics Ph.D. Programs pp. 458-466 Wendy A. Stock , T. Aldrich Finegan and John J. Siegfried Time-to-Degree for the Economics Ph.D. Class of 2001-2002 pp. 467-474 Wendy A. Stock and John J. Siegfried Minutes of the Annual Meeting pp. 477-478 John J. Siegfried Minutes of the Executive Committee Meetings pp. 479-489 John J. Siegfried Report of the Secretary for 2005 pp. 490-492 John J. Siegfried Report of the Treasurer pp. 493-496 John J. Siegfried Editor, Journal of Economic Literature pp. 510-511 Roger H. Gordon Editor, Journal of Economic Perspectives pp. 512-513 Andrei Shleifer Report of the Director, Job Openings for Economists pp. 514-515 John J. Siegfried Report of the Committee on Economic Education pp. 516-518 William Walstad Report of the Committee on the Status of Women in the Economics Profession pp. 519-526 Francine Blau American Economic Association Universal Academic Questionnaire Summary Statistics pp. 527-530 Charles E. Scott and John J. Siegfried Volume 96, issue 1 , 2006
Free Markets and Fettered Consumers pp. 5-29 Daniel L. McFadden Money in a Theory of Banking pp. 30-53 Douglas W. Diamond and Raghuram G. Rajan Were There Regime Switches in U.S. Monetary Policy? pp. 54-81 Christopher Sims and Tao Zha Odious Debt pp. 82-92 Seema Jayachandran and Michael Kremer Advertising Content pp. 93-113 Simon Anderson and Régis Renault Managing Growth to Achieve Efficient Coordination in Large Groups pp. 114-126 Roberto A. Weber An Alternative Test of Racial Prejudice in Motor Vehicle Searches: Theory and Evidence pp. 127-151 Shamena Anwar and Hanming Fang Estimating Average and Local Average Treatment Effects of Education when Compulsory Schooling Laws Really Matter pp. 152-175 Philip Oreopoulos The Long-Term Impact of Military Service on Health: Evidence from World War II and Korean War Veterans pp. 176-194 Kelly Bedard and Olivier Deschenes The Evolution of Managerial Expertise: How Corporate Culture Can Run Amok pp. 195-221 Dan Bernhardt , Eric Hughson and Edward Kutsoati Why Beauty Matters pp. 222-235 Markus Michael Mobius and Tanya S. Rosenblat Wealth Concentration in a Developing Economy: Paris and France, 1807–1994 pp. 236-256 Thomas Piketty , Gilles Postel-Vinay and Jean-Laurent Rosenthal Inequality, Lobbying, and Resource Allocation pp. 257-279 Joan Esteban and Debraj Ray Putting Risk in Its Proper Place pp. 280-289 Louis Eeckhoudt and Harris Schlesinger Economic Conditions Early in Life and Individual Mortality pp. 290-302 Gerard J. van den Berg , Maarten Lindeboom and France Portrait Can Rational Expectations Sticky-Price Models Explain Inflation Dynamics? pp. 303-320 Jeremy Rudd and Karl Whelan On the Workings of a Cartel: Evidence from the Norwegian Cement Industry pp. 321-338 Lars-Hendrik Röller and Frode Steen Benefit-Cost in a Benevolent Society pp. 339-351 Ted Bergstrom Do Technological Improvements in the Manufacturing Sector Raise or Lower Employment? pp. 352-368 Yongsung Chang and Jay H. Hong Politically Connected Firms pp. 369-386 Mara Faccio Persistent Distortionary Policies with Asymmetric Information pp. 387-393 Matthew F. Mitchell and Andrea Moro National Treatment in the GATT pp. 394-404 Henrik Horn Do Labor Issues Matter in the Determination of U.S. Trade Policy? An Empirical Reevaluation pp. 405-421 Xenia Matschke and Shane M. Sherlund Information Gathering, Transaction Costs, and the Property Rights Approach pp. 422-434 Patrick W. Schmitz The New York Times and the Market for Local Newspapers pp. 435-447 Lisa George and Joel Waldfogel Social Value of Public Information: Comment: Morris and Shin (2002) Is Actually Pro-Transparency, Not Con pp. 448-452 Lars E. O. Svensson Social Value of Public Information: Morris and Shin (2002) Is Actually Pro-Transparency, Not Con: Reply pp. 453-455 Stephen Morris , Hyun Song Shin and Hui Tong International Protection of Intellectual Property: Corrigendum pp. 456-456 Gene M. Grossman and Edwin L.-C. Lai
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