American Economic Review
1969 - 2025
Current editor(s): Esther Duflo From American Economic Association Contact information at EDIRC. Bibliographic data for series maintained by Michael P. Albert (). Access Statistics for this journal.
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Volume 92, issue 5, 2002
- Bones, Bombs, and Break Points: The Geography of Economic Activity pp. 1269-1289

- Donald Davis and David Weinstein
- Knowledge Spillovers and Inequality pp. 1290-1307

- Jan Eeckhout and Boyan Jovanovic
- Economic Status and Health in Childhood: The Origins of the Gradient pp. 1308-1334

- Anne Case, Darren Lubotsky and Christina Paxson
- Property Rights and Finance pp. 1335-1356

- Simon Johnson, John McMillan and Christopher Woodruff
- Airport Congestion When Carriers Have Market Power pp. 1357-1375

- Jan Brueckner
- Measuring Market Inefficiencies in California's Restructured Wholesale Electricity Market pp. 1376-1405

- Severin Borenstein, James Bushnell and Frank A. Wolak
- Transport Costs and the Geography of Arbitrage in Eighteenth-Century China pp. 1406-1419

- Carol H. Shiue
- Hazards of Expropriation: Tenure Insecurity and Investment in Rural China pp. 1420-1447

- Hanan Jacoby, Guo Li and Scott Rozelle
- Two-Class Voting: A Mechanism for Conflict Resolution pp. 1448-1471

- Ernst Maug and Bilge Yilmaz
- Racial Profiling, Fairness, and Effectiveness of Policing pp. 1472-1497

- Nicola Persico
- Learning-by-Doing as a Propagation Mechanism pp. 1498-1520

- Yongsung Chang, João Gomes and Frank Schorfheide
- Social Value of Public Information pp. 1521-1534

- Stephen Morris and Hyun Song Shin
- Vouchers for Private Schooling in Colombia: Evidence from a Randomized Natural Experiment pp. 1535-1558

- Joshua Angrist, Eric Bettinger, Erik Bloom, Elizabeth King and Michael Kremer
- Information Technology and the U.S. Productivity Revival: What Do the Industry Data Say? pp. 1559-1576

- Kevin J. Stiroh
- Choosing Wisely: A Multibidding Approach pp. 1577-1587

- David Perez-Castrillo and David Wettstein
- Effects of Environmental and Land Use Regulation in the Oil and Gas Industry Using the Wyoming Checkerboard as an Experimental Design pp. 1588-1593

- Mitch Kunce, Shelby Gerking and William Morgan
- Winning Isn't Everything: Corruption in Sumo Wrestling pp. 1594-1605

- Mark Duggan and Steven Levitt
- Estimating Individual Discount Rates in Denmark: A Field Experiment pp. 1606-1617

- Glenn Harrison, Morten Lau and Melonie B. Williams
- The Halloween Indicator, "Sell in May and Go Away": Another Puzzle pp. 1618-1635

- Sven Bouman and Ben Jacobsen
- Preference Reversals of a Different Kind: The "More Is Less" Phenomenon pp. 1636-1643

- John List
- Risk Aversion and Incentive Effects pp. 1644-1655

- Charles Holt and Susan Laury
- Art as an Investment and the Underperformance of Masterpieces pp. 1656-1668

- Jianping Mei and Michael Moses
- Improving Efficiency of On-Campus Housing: An Experimental Study pp. 1669-1686

- Yan Chen and Tayfun Sönmez
- One, Two, (Three), Infinity,...: Newspaper and Lab Beauty-Contest Experiments pp. 1687-1701

- Antoni Bosch-Domènech, José G. Montalvo, Rosemarie Nagel and Albert Satorra
- Protection for Sale: An Empirical Investigation: Comment pp. 1702-1710

- Theo Eicher and Thomas Osang
- Optimal Incentives for Teams: Comment pp. 1711-1711

- Shingo Ishiguro
Volume 92, issue 4, 2002
- Inequality Among World Citizens: 1820-1992 pp. 727-744

- François Bourguignon and Christian Morrisson
- The Returns to Entrepreneurial Investment: A Private Equity Premium Puzzle? pp. 745-778

- Tobias J. Moskowitz and Annette Vissing-Jorgensen
- Managing Dynamic Competition pp. 779-797

- Tracy Lewis and Huseyin Yildirim
- Rigidity, Discretion, and the Costs of Writing Contracts pp. 798-817

- Pierpaolo Battigalli and Giovanni Maggi
- Contractual Structure and Wealth Accumulation pp. 818-849

- Dilip Mookherjee and Debraj Ray
- Monitoring, Motivation, and Management: The Determinants of Opportunistic Behavior in a Field Experiment pp. 850-873

- Daniel S. Nagin, James Rebitzer, Seth Sanders and Lowell Taylor
- Rating Banks: Risk and Uncertainty in an Opaque Industry pp. 874-888

- Donald Morgan
- How Regional Blocs Affect Excluded Countries: The Price Effects of MERCOSUR pp. 889-904

- Won Chang and L. Winters
- Testing Intertemporal Substitution, Implicit Contracts, and Hours Restriction Models of the Labor Market Using Micro Data pp. 905-927

- John C. Ham and Kevin Reilly
- Targeting Nominal Income Growth or Inflation? pp. 928-956

- Henrik Jensen
- Did the Elimination of Mandatory Retirement Affect Faculty Retirement? pp. 957-980

- Orley Ashenfelter and David Card
- Geography of the Family pp. 981-998

- Kai Konrad, Harald Künemund, Kjell Lommerud and Julio Robledo
- Longer-Term Effects of Head Start pp. 999-1012

- Eliana Garces, Duncan Thomas and Janet Currie
- Dynamic Inconsistencies: Counterfactual Implications of a Class of Rational-Expectations Models pp. 1013-1028

- Arturo Estrella and Jeffrey Fuhrer
- Terror as a Bargaining Instrument: A Case Study of Dowry Violence in Rural India pp. 1029-1043

- Francis Bloch and Vijayendra Rao
- Antidumping Investigations and the Pass-Through of Antidumping Duties and Exchange Rates pp. 1044-1061

- Bruce Blonigen and Stephen E. Haynes
- Revisiting Kindness and Confusion in Public Goods Experiments pp. 1062-1069

- Daniel Houser and Robert Kurzban
- Implementing the Efficient Allocation of Pollution pp. 1070-1078

- John Duggan and Joanne Roberts
- The Gains From Self-Ownership and the Expansion of Women's Rights pp. 1079-1092

- Rick Geddes and Dean Lueck
- Last-Minute Bidding and the Rules for Ending Second-Price Auctions: Evidence from eBay and Amazon Auctions on the Internet pp. 1093-1103

- Alvin Roth and Axel Ockenfels
- The Risk Premium for Equity: Implications for the Proposed Diversification of the Social Security Fund pp. 1104-1115

- Simon Grant and John Quiggin
- A New Measure of Horizontal Equity pp. 1116-1125

- Alan Auerbach and Kevin A. Hassett
- Do Corrupt Governments Receive Less Foreign Aid? pp. 1126-1137

- Alberto Alesina and Beatrice Weder di Mauro
- Testing Mixed-Strategy Equilibria When Players Are Heterogeneous: The Case of Penalty Kicks in Soccer pp. 1138-1151

- Pierre Chiappori
- International Spillovers and Water Quality in Rivers: Do Countries Free Ride? pp. 1152-1159

- Hilary Sigman
- Reservation Wages: An Analysis of the Effects of Reservations on Employment of American Indian Men pp. 1160-1168

- Patricia B. Reagan
- R&D Cooperation and Spillovers: Some Empirical Evidence from Belgium pp. 1169-1184

- Bruno Cassiman and Reinhilde Veugelers
- Savings and Portfolio Choice in a Two-Period Two-Asset Model pp. 1185-1191

- Saku Aura, Peter Diamond and John Geanakoplos
- Education, Social Cohesion, and Economic Growth pp. 1192-1204

- Mark Gradstein and Moshe Justman
- Malthus to Solow pp. 1205-1217

- Gary D. Hansen and Edward Prescott
- Hardnose the Dictator pp. 1218-1221

- Todd Cherry, Peter Frykblom and Jason Shogren
- Competitive Pressure and Labor Productivity: World Iron-Ore Markets in the 1980's pp. 1222-1235

- Jose Galdon-Sanchez and James A. Schmitz
- Using Electoral Cycles in Police Hiring to Estimate the Effect of Police on Crime: Comment pp. 1236-1243

- Justin McCrary
- Using Electoral Cycles in Police Hiring to Estimate the Effects of Police on Crime: Reply pp. 1244-1250

- Steven Levitt
- Losing Sleep at the Market: Comment pp. 1251-1256

- J. Michael Pinegar
- Losing Sleep at the Market: The Daylight Saving Anomaly: Reply pp. 1257-1263

- Mark Kamstra, Lisa Kramer and Maurice Levi
- The Swing Voter's Curse: Comment pp. 1264-1268

- Mark Fey and Jaehoon Kim
Volume 92, issue 3, 2002
- Behavioral Macroeconomics and Macroeconomic Behavior pp. 411-433

- George Akerlof
- Signaling in Retrospect and the Informational Structure of Markets pp. 434-459

- A. Spence
- Information and the Change in the Paradigm in Economics pp. 460-501

- Joseph Stiglitz
- What Explains the Industrial Revolution in East Asia? Evidence From the Factor Markets pp. 502-526

- Chang-Tai Hsieh
- Technological Change, Technological Catch-up, and Capital Deepening: Relative Contributions to Growth and Convergence pp. 527-548

- Subodh Kumar and R. Robert Russell
- An Experimental Test of an Optimal Growth Model pp. 549-570

- Vivian Lei and Charles Noussair
- Fiscal Policy, Profits, and Investment pp. 571-589

- Alberto Alesina, Silvia Ardagna, Roberto Perotti and Fabio Schiantarelli
- Tax Reform and Automatic Stabilization pp. 590-612

- Thomas Kniesner and James Ziliak
- Can Expected Utility Theory Explain Gambling? pp. 613-624

- Roger Hartley and Lisa Farrell
- Efficiency in Auctions with Private and Common Values: An Experimental Study pp. 625-643

- Theo Offerman
- Reputation and Competition pp. 644-663

- Johannes Hörner
- Troubled Banks, Impaired Foreign Direct Investment: The Role of Relative Access to Credit pp. 664-682

- Michael Klein, Joe Peek and Eric Rosengren
- Litigation Costs and Returns to Experience pp. 683-705

- Paul Oyer and Scott Schaefer
- The Household Bankruptcy Decision pp. 706-718

- Scott Fay, Erik Hurst and Michelle J. White
Volume 92, issue 2, 2002
- Editors' Introduction pp. vii-vii

- Robert Lucas
- Foreword pp. viii-viii

- Robert Lucas
- Prosperity and Depression pp. 1-15

- Edward Prescott
- Policy-Driven Productivity in Chile and Mexico in the 1980's and 1990's pp. 16-21

- Raphael Bergoeing, Patrick Kehoe, Timothy Kehoe and Raimundo Soto
- Accounting for the Great Depression pp. 22-27

- Patrick Kehoe and Ellen McGrattan
- The U.S. and U.K. Great Depressions Through the Lens of Neoclassical Growth Theory pp. 28-32

- Harold Cole and Lee Ohanian
- A Dual Liquidity Model for Emerging Markets pp. 33-37

- Ricardo Caballero and Arvind Krishnamurthy
- Bank Bailouts and Aggregate Liquidity pp. 38-41

- Douglas Diamond and Raghuram Rajan
- Domestic and International Supply of Liquidity pp. 42-45

- Bengt Holmstrom and Jean Tirole
- Balance-Sheet Contagion pp. 46-50

- Nobuhiro Kiyotaki and John Moore
- Payment Arrangements and Inflation pp. 51-57

- Edward Green
- Money: What's the Question and Why Should We Care About the Answer? pp. 58-61

- Narayana Kocherlakota
- Evil Is the Root of All Money pp. 62-66

- Nobuhiro Kiyotaki and John Moore
- Matching and Money pp. 67-71

- P. Dean Corbae, Ted Loch Temzelides and Randall Wright
- Chaotic Interest-Rate Rules pp. 72-78

- Jess Benhabib, Stephanie Schmitt-Grohe and Martín Uribe
- Taylor Rules in a Model that Satisfies the Natural-Rate Hypothesis pp. 79-84

- Charles Carlstrom and Timothy Fuerst
- The Choice of an Inflation Target Range in a Small Open Economy pp. 85-89

- Christopher Erceg
- The Fed and Interest Rates - A High-Frequency Identification pp. 90-95

- Monika Piazzesi
- The Natural Rate of Q pp. 96-101

- Bill Dupor
- Inflation-Targeting, Exchange-Rate Pass-Through, and Volatility pp. 102-107

- Maurice Obstfeld
- The Fed and the New Economy pp. 108-114

- Laurence Ball and Robert R. Tchaidze
- Monetary-Policy Rules and the Great Inflation pp. 115-120

- Athanasios Orphanides
- A Rehabilitation of Monetary Policy in the 1950's pp. 121-127

- Christina Romer and David Romer
- Monetary Policy, Banking Crises, and the Friedman Rule pp. 128-134

- Bruce D. Smith
- Excess Asset Returns with Limited Enforcement pp. 135-140

- Costas Azariadis and Luisa Lambertini
- Self-Insurance, Social Insurance, and the Optimum Quantity of Money pp. 141-147

- Chris Edmond
- The U.S. Technology Frontier pp. 148-152

- Francesco Caselli and Wilbur Coleman
- The U.S. Demographic Transition pp. 153-159

- Jeremy Greenwood and Ananth Seshadri
- The Role of Agriculture in Development pp. 160-164

- Douglas Gollin, Stephen Parente and Richard Rogerson
- Interpreting the Tariff–Growth Correlation of the Late 19th Century pp. 165-169

- Douglas Irwin
- The Mystery of the Excess Trade (Balances) pp. 170-174

- Donald Davis and David Weinstein
- Cost of Protection: Where Do We Stand? pp. 175-179

- Arvind Panagariya
- Trade and Poverty in the Poor Countries pp. 180-183

- Jagdish Bhagwati
- Firm and Product Life Cycles and Firm Survival pp. 184-190

- Rajshree Agarwal and Michael Gort
- The Decline of Cities and Inequality pp. 191-197

- Mehmet Yorukoglu
- The Q-Theory of Mergers pp. 198-204

- Boyan Jovanovic and Peter Rousseau
- The Economics of Copyright "Fair Use" in a Networked World pp. 205-208

- Benjamin Klein, Andres V. Lerner and Kevin Murphy
- The Case Against Intellectual Property pp. 209-212

- Michele Boldrin and David Levine
- When Should We Use Intellectual Property Rights? pp. 213-216

- Paul Romer
- On the Supply of Creative Work: Evidence from the Movies pp. 217-220

- Kai-Lung Hui
- 150 Years of Patent Protection pp. 221-225

- Josh Lerner
- Accounting for Innovation and Measuring Innovativeness: An Illustrative Framework and an Application pp. 226-230

- Jacques Mairesse and Pierre Mohnen
- Technological Change, Entry, and Stock-Market Dynamics: An Analysis of Transition in a Monopolistic Industry pp. 231-235

- Bipasa Datta and Huw Dixon
- The Internet and International Trade in Services pp. 236-240

- Caroline Freund and Diana Weinhold
- Explaining Diversity: Symmetry-Breaking in Complementarity Games pp. 241-246

- Kiminori Matsuyama
- Spatial Agglomeration Dynamics pp. 247-252

- Danny Quah
- Is Equality Stable? pp. 253-259

- Dilip Mookherjee and Debraj Ray
- Inheritances and Wealth Inequality, 1989–1998 pp. 260-264

- Edward Wolff
- Simulating the Transmission of Wealth Inequality pp. 265-269

- Jagadeesh Gokhale and Laurence Kotlikoff
- Wealth Inequality and Altruistic Bequests pp. 270-273

- John Laitner
- The Importance of Bequests and Life-Cycle Saving in Capital Accumulation: A New Answer pp. 274-278

- Karen E. Dynan, Jonathan Skinner and Stephen Zeldes
- The Behavioral and Distributional Implications of Aid for College pp. 279-285

- Susan Dynarski
- Semiparametric Reduced-Form Estimation of Tuition Subsidies pp. 286-292

- Hidehiko Ichimura and Christopher Taber
- Financial Aid, Borrowing Constraints, and College Attendance: Evidence from Structural Estimates pp. 293-297

- Michael Keane
- A Multinomial-Choice Model of Neighborhood Effects pp. 298-303

- William Brock and Steven Durlauf
- Identifying Hedonic Models pp. 304-309

- Ivar Ekeland, James J. Heckman and Lars Nesheim
- On the Demographic Composition of Colleges and Universities in Market Equilibrium pp. 310-314

- Dennis Epple, Richard Romano and Holger Sieg
- Asymmetric Information in Community Banking and Its Relationship to Credit-Market Discrimination pp. 315-319

- Christopher Henderson
- A Dream Deferred or Realized: The Impact of Public Policy on Fostering Black Homeownership in New York City Throughout the 1990's pp. 320-324

- Lance Freeman and Darrick Hamilton
- Cooperatives and Wealth Accumulation: Preliminary Analysis pp. 325-329

- Jessica Gordon Nembhard
- Wealth: Asset-Accumulation Differences by Race–SCF Data, 1995 and 1998 pp. 330-334

- Ronald L. Straight
- A Foundation for Behavioral Economics pp. 335-338

- Jessica L. Cohen and William T. Dickens
- IQ and Income Inequality in a Sample of Sibling Pairs from Advantaged Family Backgrounds pp. 339-343

- Charles Murray
- The Nature and Nurture of Economic Outcomes pp. 344-348

- Bruce Sacerdote
- Wage Gains Associated with Height as a Form of Health Human Capital pp. 349-353

- T. Paul Schultz
- The Motherhood Wage Penalty: Which Mothers Pay It and Why? pp. 354-358

- Deborah J. Anderson, Melissa Binder and Kate Krause
- Children and Household Income Packages: A Cross-National Analysis pp. 359-362

- Erin Todd and Dennis Sullivan
- Child Abuse and Abortion Availability pp. 363-367

- Marianne Bitler and Madeline Zavodny
- All in the Family: A Simultaneous Model of Parenting Style and Child Conduct pp. 368-372

- Peter Burton, Shelley Phipps and Lori Curtis
- Labor Supply at the Extensive and Intensive Margins: The EITC, Welfare, and Hours Worked pp. 373-379

- Bruce Meyer
- Welfare, Employment, and Income: Evidence on the Effects of Benefit Reductions from California pp. 380-384

- V. Joseph Hotz, Charles H. Mullin and John Karl Scholz
- The Behavioral Effects of Welfare Time Limits pp. 385-389

- Jeffrey Grogger
- The Wage Gap and Public Support for Social Security pp. 390-395

- Assaf Razin, Efraim Sadka and Phillip Swagel
- Pension Reforms and the Opinions of European Citizens pp. 396-401

- Tito Boeri, Axel Boersch-Supan and Guido Tabellini
- Asset-Market Effects of the Baby Boom and Social-Security Reform pp. 402-406

- Robin Brooks
- Intergenerational Risk-Sharing via Social Security when Financial Markets Are Incomplete pp. 407-410

- Dirk Krueger and Felix Kubler
- Taxation of Financial Services under a VAT pp. 411-416

- Alan Auerbach and Roger Gordon
- Capital-Income Taxation with Imperfect Competition pp. 417-421

- Kenneth Judd
- Exchange-Traded Funds: A New Investment Option for Taxable Investors pp. 422-427

- James Poterba and John B. Shoven
- Modern Evidence on the Firm pp. 428-432

- Scott Masten
- Complexity, Flexibility, and the Make-or-Buy Decision pp. 433-437

- Steven Tadelis
- The Lens of Contract: Private Ordering pp. 438-443

- Oliver Williamson
- Can Web Courses Replace the Classroom in Principles of Microeconomics? pp. 444-448

- Byron W. Brown and Carl Liedholm
- Microeconomic Principles Teaching Tricks pp. 449-453

- Daniel S. Hamermesh
- Reconsidering Crucial Concepts in Micro Principles pp. 454-458

- Karl Case
- The Economic Naturalist: Teaching Introductory Students How to Speak Economics pp. 459-462

- Robert Frank
- Use It or Lose It: Teaching Literacy in the Economics Principles Course pp. 463-472

- W. Lee Hansen, Michael K. Salemi and John Siegfried
Volume 92, issue 1, 2002
- Markets and Diversity pp. 1-15

- Sherwin Rosen
- Racial Integration as an Innovation: Empirical Evidence from Sports Leagues pp. 16-26

- Brian L. Goff, Robert McCormick and Robert Tollison
- The Impact of Economic Conditions on Participation in Disability Programs: Evidence from the Coal Boom and Bust pp. 27-50

- Dan Black, Kermit Daniel and Seth Sanders
- Insuring Consumption Against Illness pp. 51-70

- Paul Gertler and Jonathan Gruber
- Endogenous Federal Grants and Crowd-out of State Government Spending: Theory and Evidence from the Federal Highway Aid Program pp. 71-92

- Brian Knight
- Increasing Returns and All That: A View from Trade pp. 93-119

- Werner Antweiler and Daniel Trefler
- Geographic Localization of International Technology Diffusion pp. 120-142

- Wolfgang Keller
- When Do Research Consortia Work Well and Why? Evidence from Japanese Panel Data pp. 143-159

- Lee Branstetter and Mariko Sakakibara
- Induced Innovation and Energy Prices pp. 160-180

- David Popp
- Plant-Level Irreversible Investment and Equilibrium Business Cycles pp. 181-197

- Marcelo Veracierto
- How Important Is Human Capital for Development? Evidence from Immigrant Earnings pp. 198-219

- Lutz Hendricks
- Sources of U.S. Economic Growth in a World of Ideas pp. 220-239

- Charles Jones
- Machiavellian Privatization pp. 240-258

- Bruno Biais and Enrico Perotti
- Journal Pricing and Mergers: A Portfolio Approach pp. 259-269

- Mark J. McCabe
- Do Women Pay More for New Vehicles? Evidence from Transaction Price Data pp. 270-279

- David W. Harless and George E. Hoffer
- Did Community Rating Induce an Adverse Selection Death Spiral? Evidence from New York, Pennsylvania, and Connecticut pp. 280-294

- Thomas Buchmueller and John DiNardo
- The Rise in Old-Age Longevity and the Market for Long-Term Care pp. 295-306

- Darius Lakdawalla and Tomas Philipson
- Public Schooling for Young Children and Maternal Labor Supply pp. 307-322

- Jonah Gelbach
- Does Increasing Women's Schooling Raise the Schooling of the Next Generation? pp. 323-334

- Jere Behrman and Mark Rosenzweig
- Intergenerational Income Mobility Among Daughters pp. 335-344

- Laura Chadwick and Gary Solon
- Owner-Occupied Housing and the Composition of the Household Portfolio pp. 345-362

- Marjorie Flavin and Takashi Yamashita
- Does Federalism Lead to Excessively High Taxes? pp. 363-370

- Michael Keen and Christos Kotsogiannis
- Charitable Giving, Income, and Taxes: An Analysis of Panel Data pp. 371-382

- Gerald E. Auten, Holger Sieg and Charles Clotfelter
- A Century of Missing Trade? pp. 383-393

- Antoni Estevadeordal and Alan Taylor
- The Case of the Missing Trade and Other Mysteries: Comment pp. 394-404

- Patrick J. Conway
- The Case of the Missing Trade and Other Mysteries: Reply pp. 405-410

- Daniel Trefler
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