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American Economic Review

1969 - 2019

Current editor(s): Esther Duflo

From American Economic Association
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Volume 84, issue 5, 1994

The Economic Consequences of Unwed Motherhood: Using Twin Births as a Natural Experiment pp. 1141-56 Downloads
Stephen Bronars and Jeffrey Grogger
Estimates of the Economic Returns to Schooling from a New Sample of Twins pp. 1157-73 Downloads
Orley Ashenfelter and Alan Krueger
Beauty and the Labor Market pp. 1174-94 Downloads
Daniel Hamermesh and Jeff Biddle
Parental and Public Transfers to Young Women and Their Children pp. 1195-1212 Downloads
Mark Rosenzweig and Kenneth I Wolpin
Generics and New Goods in Pharmaceutical Price Indexes pp. 1213-32 Downloads
Zvi Griliches and Iain Cockburn
IRAs and Household Saving pp. 1233-60 Downloads
William Gale and John Scholz
Careers in Ongoing Hierarchies pp. 1261-77 Downloads
Dominique Demougin and Aloysius Siow
A Solution to the Problem of Externalities When Agents Are Well-Informed pp. 1278-93 Downloads
Hal Varian
Domestic Politics and International Conflict pp. 1294-1309 Downloads
Michelle Garfinkel
Risk-Taking, Global Diversification, and Growth pp. 1310-29 Downloads
Maurice Obstfeld
Benefits of Narrow Business Strategies pp. 1330-49 Downloads
Julio Rotemberg and Garth Saloner
The Cleansing Effect of Recessions pp. 1350-68 Downloads
Ricardo Caballero and Mohamad L Hammour
A Unified Model of Investment under Uncertainty pp. 1369-84 Downloads
Andrew Abel and Janice Eberly
The Consequences of Price Instability on Search Markets: Toward Understanding the Effects of Inflation pp. 1385-96 Downloads
Mariano Tommasi
Does Consumer Sentiment Forecast Household Spending? If So, Why? pp. 1397-1408 Downloads
Christopher Carroll, Jeffrey Fuhrer and David Wilcox
Does World Investment Demand Determine U.S. Exports? pp. 1409-22 Downloads
Andrew Warner
Differences in Relative Prices and International Differences in Growth Rates pp. 1423-36 Downloads
Daniel A Nuxoll
Price Discrimination through a Distribution Channel: Theory and Evidence pp. 1437-45 Downloads
Eitan Gerstner, James D Hess and Duncan M Holthausen
Why Have All the Women Gone? A Study of Exit of Women from the Science and Engineering Professions pp. 1446-62 Downloads
Anne E Preston
Earnings Uncertainty and Aggregate Wealth Accumulation: Comment pp. 1463-69 Downloads
Ian Irvine and Susheng Wang
Long-Run Neutrality and Superneutrality in an ARIMA Framework: Comment pp. 1470-73 Downloads
John F Boschen and Christopher Otrok
Domestic Politics, Foreign Interests, and International Trade Policy: Comment pp. 1474-75 Downloads
Tracy Hofer and Christopher Woodruff
Domestic Politics, Foreign Interests,, and International Trade Policy: Reply pp. 1476-78 Downloads
Arye Hillman and Heinrich Ursprung

Volume 84, issue 4, 1994

The Impact of Global Warming on Agriculture: A Ricardian Analysis pp. 753-71 Downloads
Robert Mendelsohn, William Nordhaus and Daigee Shaw
Minimum Wages and Employment: A Case Study of the Fast-Food Industry in New Jersey and Pennsylvania pp. 772-93 Downloads
David Card and Alan Krueger
Measuring Permanent Responses to Capital-Gains Tax Changes in Panel Data pp. 794-809 Downloads
Leonard E Burman and William C Randolph
Is the Glass-Steagall Act Justified? A Study of the U.S. Experience with Universal Banking before 1933 pp. 810-32 Downloads
Randall S Kroszner and Raghuram Rajan
Protection for Sale pp. 833-50 Downloads
Gene Grossman and Elhanan Helpman
North-South Trade and the Global Environment pp. 851-74 Downloads
Graciela Chichilnisky
Flexible Manufacturing and Market Structure pp. 875-88 Downloads
B. Eaton and Nicolas Schmitt
The Intensity and Timing of Investment: The Case of Land pp. 889-904 Downloads
Dennis Capozza and Yuming Li
Aggregation and Simple Dynamics pp. 905-18 Downloads
Arthur Lewbel
The Existence of Pareto-Superior Price Limits pp. 919-32 Downloads
Laura E Kodres and Daniel P O'Brien
Limited Market Participation and Volatility of Asset Prices pp. 933-55 Downloads
Franklin Allen and Douglas Gale
A Simple Model of Educational Standards pp. 956-71 Downloads
Robert M Costrell
The Firm as an Incentive System pp. 972-91 Downloads
Bengt Holmstrom and Paul Milgrom
Jumping the Gun: Imperfections and Institutions Related to the Timing of Market Transactions pp. 992-1044 Downloads
Alvin Roth and Xiaolin Xing
Labor-Market Dynamics When Unemployment is a Worker Discipline Device pp. 1045-59 Downloads
Miles Kimball
Financial Market Imperfections, Firm Leverage, and the Cyclicality of Employment pp. 1060-74 Downloads
Steven Sharpe
Customer- and Supplier-Driven Externalities pp. 1075-84 Downloads
Eric Bartelsman, Ricardo Caballero and Richard Lyons
Environmental Levies and Distortionary Taxation pp. 1085-89 Downloads
Lans Bovenberg and Ruud de Mooij
An Empirical Test of the Infant Industry Argument: Comment pp. 1090-95 Downloads
Ann Harrison
An Empirical Test of the Infant Industry Argument: Reply pp. 1096
Anne O Krueger and Baran Tuncer
The Behavior of U.S. Tariff Rates: Comment pp. 1097-1103 Downloads
Perry Sadorsky
Examining Risk Preferences under High Monetary Incentives: Comment pp. 1104
Guido Ortona
Examining Risk Preferences under High Monetary Incentives: Reply pp. 1105-06 Downloads
Steven J Kachelmeier and Mohamed Shehata
A Note on Competitive Investment under Uncertainty: Comment pp. 1107-12 Downloads
Plutarchos Sakellaris

Volume 84, issue 3, 1994

Economic Performance through Time pp. 359-68
Douglass North
Economic Growth, Population Theory, and Physiology: The Bearing of Long-Term Processes on the Making of Economic Policy pp. 369-95 Downloads
Robert Fogel
An Empirical Analysis of Cigarette Addiction pp. 396-418
Gary Becker, Michael Grossman and Kevin Murphy
Rational Choice under an Imperfect Ability to Choose pp. 419-40 Downloads
André de Palma, Gordon Myers and Yorgos Papageorgiou
Comparing Equilibria pp. 441-59 Downloads
Paul Milgrom and John Roberts
Evolution of Time Preference by Natural Selection pp. 460-81 Downloads
Alan R Rogers
Systematic Errors and the Theory of Natural Selection pp. 482-97 Downloads
Michael Waldman
Coordination Economies, Advertising, and Search Behavior in Retail Markets pp. 498-517 Downloads
Kyle Bagwell and Garey Ramey
Information Aggregation through Costly Political Action pp. 518-30 Downloads
Susanne Lohmann
The Dynamics of Business Ethics and Economic Activity pp. 531-47 Downloads
Thomas Noe and Michael J Rebello
Business as Usual, Market Crashes, and Wisdom after the Fact pp. 548-65 Downloads
Andrew Caplin and John Leahy
Strategic Buyers and Exclusionary Contracts pp. 566-84 Downloads
Robert Innes and Richard J Sexton
Equilibrium in Auctions with Entry pp. 585-99 Downloads
Dan Levin and James Smith
Is Inequality Harmful for Growth? pp. 600-621 Downloads
Torsten Persson and Guido Tabellini
The Incidence of Mandated Maternity Benefits pp. 622-41 Downloads
Jonathan Gruber
The Loser's Curse pp. 642-52 Downloads
Charles Holt and Roger Sherman
A Note on Sequential Auctions pp. 653-57 Downloads
Dan Bernhardt and David Scoones
The Nature of Salience: An Experimental Investigation of Pure Coordination Games pp. 658-73 Downloads
Judith Mehta, Chris Starmer and Robert Sugden
An Analysis of the Correlates of Discrimination Facing Young Hispanic Job-Seekers pp. 674-83 Downloads
Genevieve M Kenney and Douglas A Wissoker
Highway Safety, Economic Behavior, and Driving Environment pp. 684-93 Downloads
Theodore E Keeler
Workers as Creditors: Performance Bonds and Efficiency Wages pp. 694-704 Downloads
Joseph Ritter and Lowell J Taylor
Production, Appropriation, and Land Reform pp. 705-12 Downloads
Herschel Grossman
The Empirical Nature of Taylor-Series Approximations to Expected Utility pp. 713-19 Downloads
Walter Hlawitschka
New Evidence on the Relation between Inflation and Price Dispersion pp. 720-31 Downloads
Marshall Reinsdorf
Sources of Variation in Real Tariff Rates: The United States, 1900-1940 pp. 732-43 Downloads
Mario Crucini

Volume 84, issue 2, 1994

Methodological Individualism and Social Knowledge pp. 1-9
Kenneth Arrow
Time-Series Evidence on the pp. 10-16 Downloads
George Borjas and Valerie Ramey
Regional Labor Markets and the Determinants of Wage Inequality pp. 17-22 Downloads
Robert Topel
Rising Wage Inequality and the U.S. Gender Gap pp. 23-28 Downloads
Francine Blau and Lawrence Kahn
Changing Wage Structure and Black-White Wage Differentials pp. 29-33 Downloads
David Card and Thomas Lemieux
The Dynamics of Poverty Spells: Updating Bane and Ellwood pp. 34-37 Downloads
Ann Stevens
Welfare Dependence: Concepts, Measures, and Trends pp. 38-42 Downloads
Peter Gottschalk and Robert Moffitt
Has the Decline in Benefits Shortened Welfare Spells? pp. 43-48 Downloads
Hilary Hoynes and Thomas MaCurdy
Short-Term Recidivism among Public-Assistance Recipients pp. 49-53 Downloads
Rebecca Blank and Patricia Ruggles
Low-Wage Employment Subsidies versus the Welfare State pp. 54-58 Downloads
Edmund Phelps
Wage Distribution and Unemployment: The French Experience pp. 59-64 Downloads
Jean-Paul Fitoussi
Converting Unemployment Benefits into Employment Subsidies pp. 65-70 Downloads
Dennis Snower
The Welfare State and the Employment Problem pp. 71-75 Downloads
Assar Lindbeck
Curing Child Poverty in the United States pp. 76-80 Downloads
Barbara R Bergmann
The Child-Support Revolution pp. 81-85 Downloads
Irwin Garfinkel
Children as Public Goods pp. 86-90 Downloads
Nancy Folbre
The Economic Status of African-American Women: Special Session in Honor of Phyllis A. Wallace: Introduction pp. 91-92 Downloads
Bernard E Anderson
Tilting against the Wind: Reflections on the Life and Work of Phyllis Ann Wallace pp. 93-97 Downloads
Julianne Malveaux
Litigation of Employment Discrimination under Title VII: The Case of African-American Women pp. 98-102 Downloads
Charles L Betsey
The Reliance of African-American Women on Government and Third-Sector Employment pp. 103-07 Downloads
Lynn C Burbridge
Changes in Wage-and-Salary Returns to Skill and the Recent Rise in Female Self-Employment pp. 108-13 Downloads
Theresa J Devine
A Child-Support Assurance Program: How Much Will It Reduce Child Poverty, and at What Cost? pp. 114-19 Downloads
Elaine Sorensen and Sandra Clark
Housework, Wages, and the Division of Housework Time for Employed Spouses pp. 120-25 Downloads
Joni Hersch and Leslie Stratton
I, Thou, and Them: Capabilities, Altruism, and Norms in the Economics of Marriage pp. 126-31 Downloads
Julie Nelson
Noncooperative Bargaining Models of Marriage pp. 132-37 Downloads
Shelly Lundberg and Robert Pollak
The Creation of Domestic Currencies pp. 138-42 Downloads
Viviana A Zelizer
Rethinking Economics through a Feminist Lens pp. 143-47 Downloads
Myra H Strober
For Better or Worse: The Roles of Power in Models of Distribution within Marriage pp. 148-52 Downloads
Robert Pollak
Feminist Thought and Economics: Or, What Do the Visigoths Know? pp. 153-58 Downloads
Diana Strassmann
When Can Government Subsidize Research Joint Ventures? Politics, Economics, and Limits to Technology Policy pp. 159-63 Downloads
Linda Cohen
The Political Economy of Insider-Trading Laws pp. 164-68 Downloads
Carla Tighe and Ron Michener
Does Electoral Uncertainty Cause Economic Fluctuations? pp. 169-73 Downloads
Michelle Garfinkel and Amihai Glazer
Expanding the Life-Cycle Model: Precautionary Saving and Public Policy pp. 174-79 Downloads
Robert Hubbard, Jonathan Skinner and Stephen Zeldes
Targeted Retirement Saving and the Net Worth of Elderly Americans pp. 180-85 Downloads
James Poterba, Steven Venti and David Wise
Psychology and Savings Policies pp. 186-92 Downloads
Richard Thaler
Achievement Differences on Multiple-Choice and Essay Tests in Economics pp. 193-96 Downloads
William B Walstad and William Becker
Graphs and Learning in Principles of Economics pp. 197-200 Downloads
Elchanan Cohn and Sharon Cohn
The Lake Wobegon Effect in Student Self-Reported Data pp. 201-05 Downloads
Nan L Maxwell and Jane S Lopus
Does More Calculus Improve Student Learning in Intermediate Micro and Macro Economic Theory? pp. 206-10 Downloads
J. Butler, T Aldrich Finegan and John Siegfried
Poverty, Incentives, and Development pp. 211-15 Downloads
Abhijit V Banerjee and Andrew Newman
Poverty and Illness in Low-Income Rural Areas pp. 216-20 Downloads
Andrew Foster
Poverty and Vulnerability pp. 221-25 Downloads
Jonathan Morduch
Choosing a Welfare Indicator pp. 226-31 Downloads
Sudhir Anand and Christopher Harris
Human Development: Means and Ends pp. 232-37 Downloads
Paul Streeten
Human Development: A New Paradigm or Reinvention of the Wheel? pp. 238-43 Downloads
T. Srinivasan
Poverty, Human Development, and Growth: An Emerging Consensus? pp. 244-49 Downloads
Harsha Aturupane, Paul Glewwe and Paul Isenman
The Interaction of Population Growth and Environmental Quality pp. 250-54 Downloads
Maureen Cropper and Charles Griffiths
Human Capital, Family Planning, and Their Effects on Population Growth pp. 255-60
T. Schultz
Population, Poverty, and Policies pp. 261-65 Downloads
Charles Timmer
Chinese Institutional Innovation and Privatization from Below pp. 266-70 Downloads
Barry Naughton
Chinese Industrial Reform: Accomplishments, Prospects, and Implications pp. 271-75
Thomas Rawski
Social Security in Present-Day China and Its Reform pp. 276-80 Downloads
Athar Hussain
Chinese Rural Poverty: Marginalized or Dispersed? pp. 281-84 Downloads
Carl Riskin
On Economic Reform, Poverty, and Nutrition in Africa pp. 285-90 Downloads
David Sahn
Economic Reform and Social Welfare: The Case of Nutrition in Sri Lanka pp. 291-96 Downloads
S R Osmani
Poverty, Food Consumption, and Nutrition during the Transition to the Market Economy in Eastern Europe pp. 297-302 Downloads
Giovanni Cornia
The Great Irish Famine and Population: The Long View pp. 303-08 Downloads
Timothy Guinnane
The Economic Impact of the Famine in the Short and Long Run pp. 309-13
Kevin O'Rourke
Invisible-Hand Explanations pp. 314-18 Downloads
Robert Nozick
Adam Smith and the Invisible Hand pp. 319-22 Downloads
Emma Rothschild
Visible and Invisible Governance pp. 323-26 Downloads
Oliver Williamson
Better than Rational: Evolutionary Psychology and the Invisible Hand pp. 327-32 Downloads
Leda Cosmides and John Tooby
The Invisible Hand and Externalities pp. 333-37 Downloads
Eric Maskin
Direct Democracy: Politico-economic Lessons from Swiss Experience pp. 338-42 Downloads
Bruno Frey
The On-and-Off Connection between Political and Economic Progress pp. 343-48 Downloads
Albert Hirschman
Capacities and Limits of Democracy pp. 349-52 Downloads
Nicolaus Tideman
When Inequalities Diverge pp. 353-58
Michael C Wolfson
Measuring Social Welfare with and without Poverty Lines pp. 359-64
Martin Ravallion
Normative Measurement: Is Theory Relevant? pp. 365-70 Downloads
James Foster
International Comparisons of Poverty pp. 371-74 Downloads
McKinley Blackburn
Bosses of Different Stripes: A Cross-National Perspective on Monitoring and Supervision pp. 375-79 Downloads
David M Gordon
Supervision, Discretion, and Work Organization pp. 380-84 Downloads
Paul Osterman
The Formulation of Rational Choice pp. 385-90 Downloads
Amartya Sen
The Traveler's Dilemma: Paradoxes of Rationality in Game Theory pp. 391-95 Downloads
Kaushik Basu
Preference, Belief, and Welfare pp. 396-400
Daniel Hausman and Michael McPherson
Rationality as Self-Interest versus Rationality as Present Aims pp. 401-05 Downloads
Vivian Walsh
Inductive Reasoning and Bounded Rationality pp. 406-11 Downloads
W Brian Arthur
Complex Landscapes in Economic Geography pp. 412-16 Downloads
Paul Krugman
Self-Organized Criticality and Economic Fluctuations pp. 417-21 Downloads
Jose Scheinkman and Michael Woodford
Trade-Off Theory pp. 422-26 Downloads
Donald E Campbell and Jerry S Kelly
Social Diversity, Arbitrage, and Gains from Trade: A Unified Perspective on Resource Allocation pp. 427-34 Downloads
Graciela Chichilnisky
Rights, Welfarism, and Social Choice pp. 435-39 Downloads
Prasanta K Pattanaik and Kotaro Suzumura
Information and Intergroup Transfers pp. 440-47 Downloads
Charles Blackorby and David Donaldson
Social-Choice Mediators pp. 448-53 Downloads
Gilbert Laffond, Jean-François Laslier and Michel Le Breton
Can a Ranking of Opportunity Sets Attach an Intrinsic Importance to Freedom of Choice? pp. 454-58 Downloads
Nicolas Gravel

Volume 84, issue 1, 1994

Productivity, R&D, and the Data Constraint pp. 1-23
Zvi Griliches
Business-Cycle Durations and Postwar Stabilization of the U.S. Economy pp. 24-46 Downloads
Mark Watson
Money and Growth: An Alternative Approach pp. 47-65 Downloads
Peter Ireland
Productivity Growth, Technical Progress, and Efficiency Change in Industrialized Countries pp. 66-83 Downloads
Rolf Fare, Shawna Grosskopf, Mary Norris and Zhongyang Zhang
Dynamics of the Trade Balance and the Terms of Trade: The J-Curve? pp. 84-103 Downloads
David Backus, Patrick Kehoe and Finn Kydland
Barter and Monetary Exchange under Private Information pp. 104-23 Downloads
Stephen Williamson and Randall Wright
Unemployment and Vacancies with Sectoral Shifts pp. 124-44 Downloads
Arthur Hosios
A Theory of Shortage in Socialist Economies Based on the "Soft Budget Constraint." pp. 145-56 Downloads
Yingyi Qian
New Product Varieties and the Measurement of International Prices pp. 157-77 Downloads
Robert Feenstra
Equal Division, Efficiency, and the Sovereign Supply of Labor pp. 178-89 Downloads
Laurence Kranich
Expropriation and Inventions: Appropriable Rents in the Absence of Property Rights pp. 190-209 Downloads
James Anton and Dennis A Yao
Opportunism in Multilateral Vertical Contracting: Nondiscrimination, Exclusivity, and Uniformity pp. 210-30 Downloads
Randolph McAfee and Marius Schwartz
The Effect of Taxes on Labor Supply in the Underground Economy pp. 231-54 Downloads
Thomas Lemieux, Bernard Fortin and Pierre Frechette
Resolving Differences in Willingness to Pay and Willingness to Accept pp. 255-70
Jason Shogren, Seung Y. Shin, Dermot Hayes and James B. Kliebenstein
Was the Crash of 1929 Expected? pp. 271-81
Peter Rappoport and Eugene White
Credible Disinflation with Staggered Price-Setting pp. 282-89 Downloads
Laurence Ball
On Inflation and Output with Costly Price Changes: A Simple Unifying Result pp. 290-97 Downloads
Roland Benabou and Jerzy Konieczny
Cointegration, Aggregate Consumption, and the Demand for Imports: A Structural Econometric Investigation pp. 298-308 Downloads
Richard Clarida
The Debt Burden and Debt Maturity pp. 309-19
Alessandro Missale and Olivier Blanchard
Debt Maturity and the Deadweight Cost of Leverage: Optimally Financing Banking Firms pp. 320-31 Downloads
Mark Flannery
International Comparisons of Living Standards and Tastes: A Revealed-Preference Analysis pp. 332-41 Downloads
Steve Dowrick and John Quiggin
The Misperception of Walras pp. 342-52 Downloads
Beat Bürgenmeier
Does the Human-Capital/Educational-Sorting Debate Matter for Development Policy? pp. 353-58
Kevin Lang
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