American Economic Review

1969 - 2025

Current editor(s): Esther Duflo

From American Economic Association
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Volume 89, issue 5, 1999

Using Field Experiments to Test Equivalence between Auction Formats: Magic on the Internet pp. 1063-1080

David Reiley

The Effect of Price Advertising on Prices: Evidence in the Wake of 44 Liquormart pp. 1081-1096

Joel Waldfogel and Jeffrey Milyo

Adverse Selection in Durable Goods Markets pp. 1097-1115

Alessandro Lizzeri and Igal Hendel

Endogenous Lobby Formation and Endogenous Protection: A Long-Run Model of Trade Policy Determination pp. 1116-1134

Devashish Mitra

Protection for Sale: An Empirical Investigation pp. 1135-1155

Giovanni Maggi and Pinelopi Goldberg

On the Size of U.S. Government: Political Economy in the Neoclassical Growth Model pp. 1156-1181

José-Víctor Ríos-Rull and Per Krusell

Bicameralism and Its Consequences for the Internal Organization of Legislatures pp. 1182-1196

Roger Myerson and Daniel Diermeier

Marginal Tax Rates and Income Inequality in a Life-Cycle Model pp. 1197-1215

Charles Carlstrom and David Altig

Monopoly Rights: A Barrier to Riches pp. 1216-1233

Edward Prescott and Stephen Parente

On the Driving Forces behind Cyclical Movements in Employment and Job Reallocation pp. 1234-1258

John Haltiwanger and Steven Davis

Changes in Unemployment and Wage Inequality: An Alternative Theory and Some Evidence pp. 1259-1278

Daron Acemoglu

Do Investors Trade Too Much? pp. 1279-1298

Terrance Odean

New Evidence on the Money's Worth of Individual Annuities pp. 1299-1318

Olivia Mitchell

A Simple Approach for Deciding When to Invest pp. 1319-1326

Jonathan B. Berk

Policy Persistence pp. 1327-1336

Stephen Morris and Stephen Coate

Illegal Immigration, Border Enforcement, and Relative Wages: Evidence from Apprehensions at the U.S.-Mexico Border pp. 1337-1357

Antonio Spilimbergo and Gordon Hanson

Longevity Complementarities under Competing Risks pp. 1358-1371

Tomas Philipson, William Dow and Xavier Sala-i-Martin

Intrinsic Bubbles: The Case of Stock Prices: Comment pp. 1372-1376

William C. Hunter and Lucy Ackert

Voting on the Budget Deficit: Comment pp. 1377-1381

Robert Dur, Ben D. Peletier and Otto H. Swank

The Economics of Child Labor: Comment pp. 1382-1385

Carol Rogers and Kenneth A. Swinnerton

The Economics of Child Labor: Reply pp. 1386-1388

Van Pham and Kaushik Basu

Volume 89, issue 4, 1999

Does Where You Stand Depend on Where You Sit? Tithing Donations and Self-Serving Beliefs pp. 703-727

Michael Ransom and Gordon Dahl

Do Workplace Smoking Bans Reduce Smoking? pp. 728-747

Matthew C. Farrelly, William Evans and Edward Montgomery

The Redesign of the Matching Market for American Physicians: Some Engineering Aspects of Economic Design pp. 748-780

Elliott Peranson and Alvin Roth

Gaming against Managers in Incentive Systems: Experimental Results with Chinese Students and Chinese Managers pp. 781-804

David Cooper

Measuring Duopoly Power in the British Electricity Spot Market pp. 805-826

Catherine D. Wolfram

An Empirical Examination of Information Barriers to Trade in Insurance pp. 827-846

Tomas Philipson and John Cawley

Emergence of Money as a Medium of Exchange: An Experimental Study pp. 847-877

Jack Ochs and John Duffy

A Dynamic Economy with Costly Price Adjustments pp. 878-901

Leif Danziger

Household Production and the Excess Sensitivity of Consumption to Current Income pp. 902-920

Urban Jermann and Marianne Baxter

Machine Replacement and the Business Cycle: Lumps and Bumps pp. 921-946

John Haltiwanger, Russell Cooper and Laura Power

The Response of Household Consumption to Income Tax Refunds pp. 947-958

Nicholas S. Souleles

The Reaction of Household Consumption to Predictable Changes in Social Security Taxes pp. 959-973

Jonathan Parker

Commodity Taxes under Fiscal Competition: Stackelberg Equilibrium and Optimality pp. 974-981

You-Qiang Wang

Rents, Competition, and Corruption pp. 982-993

Rafael Di Tella and Alberto Ades

The Costs of Carbon Sequestration: A Revealed-Preference Approach pp. 994-1009

Robert N. Stavins

Are Risk Regulators Rational? Evidence from Hazardous Waste Cleanup Decisions pp. 1010-1027

James T. Hamilton and W Viscusi

Models of Energy Use: Putty-Putty versus Putty-Clay pp. 1028-1043

Patrick Kehoe and Andrew Atkeson

The Impact of Global Warming on Agriculture: A Ricardian Analysis: Comment pp. 1044-1045

John K. Horowitz and John Quiggin

The Impact of Global Warming on Agriculture: A Ricardian Analysis: Reply pp. 1046-1048

William Nordhaus and Robert Mendelsohn

The Impact of Global Warming on Agriculture: A Ricardian Analysis: Comment pp. 1049-1052

Roy Darwin

The Impact of Global Warming on Agriculture: A Ricardian Analysis: Reply pp. 1053-1055

William Nordhaus and Robert Mendelsohn

Central-Bank Independence, Economic Behavior, and Optimal Term Lengths: Comment pp. 1056-1062

Xiang Lin

Volume 89, issue 3, 1999

The Possibility of Social Choice pp. 349-378

Amartya Sen

Does Trade Cause Growth? pp. 379-399

David Romer and Jeffrey Frankel

Voluntary Export Restraints on Automobiles: Evaluating a Trade Policy pp. 400-430

James Levinsohn, Steven Berry and Ariel Pakes

Aid, Nontraded Goods, and the Transfer Paradox in Small Countries pp. 431-449

Jeffrey Nugent and Makoto Yano

A Schumpeterian Model of Protection and Relative Wages pp. 450-472

Paul Segerstrom and Elias Dinopoulos

The Twin Crises: The Causes of Banking and Balance-of-Payments Problems pp. 473-500

Carmen Reinhart and Graciela Kaminsky

Competing for Endorsements pp. 501-524

Elhanan Helpman and Gene Grossman

Follow the Leader: Theory and Evidence on Political Participation pp. 525-547

Barry Nalebuff and Ron Shachar

What's in a Name? Reputation as a Tradeable Asset pp. 548-563

Steven Tadelis

The Market for Evaluations pp. 564-584

Paul Resnick, Christopher Avery and Richard Zeckhauser

Unequal Treatment of Identical Agents in Cournot Equilibrium pp. 585-604

Greg Shaffer and Stephen W. Salant

Do Domestic Firms Benefit from Direct Foreign Investment? Evidence from Venezuela pp. 605-618

Ann E. Harrison and Brian J. Aitken

Roads to Prosperity? Assessing the Link between Public Capital and Productivity pp. 619-638

John Fernald

International Stock Market Equilibrium with Heterogenous Tastes pp. 639-648

Leslie Young and James A. Bennett

Unbiased Value Estimates for Environmental Goods: A Cheap Talk Design for the Contingent Valuation Method pp. 649-665

Laura Taylor and Ronald G. Cummings

State Taxes and Interstate Hazardous Waste Shipments pp. 666-677

Arik Levinson

Anomalous Behavior in a Traveler's Dilemma? pp. 678-690

C. Monica Capra

Strategic Behavior in Contests: Comment pp. 691-693

Onsong Shin and Michael Baye

Strategic Behavior in Contests: Reply pp. 694-694

Avinash Dixit

Volume 89, issue 2, 1999

In Defense of Inequality pp. 1-17

Finis Welch

Fifty Years of U.S. Income Data from the Current Population Survey: Alternatives, Trends, and Quality pp. 18-22

Daniel Weinberg

U.S. Wage-Inequality Trends and Recent Immigration pp. 23-28

Robert Lerman

Some Income-Measurement Issues and Their Policy Implications pp. 29-33

John C. Weicher

Why Do Different Wage Series Tell Different Stories? pp. 34-39

James R. Spletzer, Katharine Abraham and Jay C. Stewart

Economic Growth: How Good Can It Get? pp. 40-44

Frank P. Stafford

Measuring Labor's Share pp. 45-51

Alan Krueger

The NAIRU and Wages in Local Labor Markets pp. 52-57

Robert M. Coen

Does the NAIRU Have the Right Dynamics? pp. 58-62

Ray Fair

Behind This Structural Boom: The Role of Asset Valuations pp. 63-68

Edmund Phelps

Wage Dynamics: Reconciling Theory and Evidence pp. 69-74

Lawrence Katz and Olivier Blanchard

Toward a General Theory of Wage and Price Rigidities and Economic Fluctuations pp. 75-80

Joseph Stiglitz

Price Dynamics and Production Lags pp. 81-88

Dennis J. Snower and Assar Lindbeck

Firm-Size Wage Differentials in Switzerland: Evidence from Job-Changers pp. 89-93

Josef Zweimüller and Rudolf Winter-Ebmer

Productivity Differences across Employers: The Roles of Employer Size, Age, and Human Capital pp. 94-98

Julia Lane, John C. Haltiwanger and James Spletzer

Examining the Employer-Size Wage Premium in the Manufacturing, Retail Trade, and Service Industries Using Employer-Employee Matched Data pp. 99-103

Kenneth Troske and Kimberly Bayard

Workers Are More Productive in Large Firms pp. 104-108

Walter Oi and Todd Idson

Information Technology and Growth pp. 109-115

Kevin J. Stiroh and Dale Jorgenson

The Information-Technology Revolution and the Stock Market pp. 116-122

Boyan Jovanovic and Jeremy Greenwood

U.S. Economic Growth since 1870: One Big Wave? pp. 123-128

Robert Gordon

Zipf's Law and the Growth of Cities pp. 129-132

Xavier Gabaix

Productivity Growth and Factor Prices in East Asia pp. 133-138

Chang-Tai Hsieh

Growth: With or Without Scale Effects? pp. 139-144

Charles Jones

Population and Economic Growth pp. 145-149

Edward Glaeser, Gary Becker and Kevin Murphy

From Malthusian Stagnation to Modern Growth pp. 150-154

David Weil and Oded Galor

Income-Distribution Dynamics with Endogenous Fertility pp. 155-160

Daniel Chen and Michael Kremer

Generational Accounting around the Globe pp. 161-166

Bernd Raffelhuschen and Laurence Kotlikoff

Generational Accounting in Europe pp. 167-170

Bernd Raffelhuschen

Lessons from Generational Accounting in Japan pp. 171-175

Yukinobu Kitamura and Noriyuki Takayama

Analyzing the Fiscal Impact of U.S. Immigration pp. 176-180

Philip Oreopoulos and Alan Auerbach

Are Immigrants Favorably Self-Selected? pp. 181-185

Barry Chiswick

Immigrants and Human-Capital Investment pp. 186-191

Mark Regets and Harriet Orcutt Duleep

Immigration Policy and Immigrant Quality: The Australian Points System pp. 192-197

Paul Miller

Women's Wages in Women's Work: A U.S./Canada Comparison of the Roles of Unions and "Public Goods" Sector Jobs pp. 198-203

Nicole Fortin and Michael Baker

Exchange Rates and Employment Instability: Evidence from Matched CPS Data pp. 204-210

Joseph Tracy, Linda Goldberg and Stephanie Aaronson

Employment and Retirement Following a Late-Career Job Loss pp. 211-216

Ann Huff Stevens and Sewin Chan

Medicare Reform: Obstacles and Options pp. 217-221

Linda Bilheimer and Joseph Antos

Prefunding Medicare pp. 222-227

Martin Feldstein

The Geography of Medicare pp. 228-233

Louise Sheiner and David Cutler

Household Resource Allocation in Stepfamilies: Darwin Reflects on the Plight of Cinderella pp. 234-238

I-Fen Lin, Anne Case and Sara McLanahan

Parental Resources and Child Abuse and Neglect pp. 239-244

Jane Waldfogel and Christina Paxson

Is the Impact of Health Shocks Cushioned by Socioeconomic Status? The Case of Low Birthweight pp. 245-250

Rosemary Hyson and Janet Currie

Population Growth, Dependency, and Consumption pp. 251-255

David Weil

Fertility Decline in the Developed World: Where Will It End? pp. 256-260

John Bongaarts

U.S. Abortion Policy and Fertility pp. 261-264

Jacob Alex Klerman

Measures of Agricultural Support Policies in Transition Economies: 1994-1997 pp. 265-270

Alberto Valdes

Land Reform and Farm Restructuring: What Has Been Accomplished to Date? pp. 271-275

Zvi Lerman

Inside China's Cities: Institutional Barriers and Opportunities for Urban Migrants pp. 276-280

Xuejin Zuo and Wang Feng

Leaving the Countryside: Rural-to-Urban Migration Decisions in China pp. 281-286

Yaohui Zhao

Migration, Remittances, and Agricultural Productivity in China pp. 287-291

J. Edward Taylor, Scott Rozelle and Alan deBrauw

Markets and Inequality in Rural China: Parallels with the Past pp. 292-295

Loren Brandt and Dwayne Benjamin

Income Distribution in Urban China during the Period of Economic Reform and Globalization pp. 296-300

Keith Griffin, Azizur Rahman Khan and Carl Riskin

China's Lagging Poor Areas pp. 301-305

Jyotsna Jalan and Martin Ravallion

Urban-Biased Policies and Rising Income Inequality in China pp. 306-310

Dennis Yang

The Geographic Concentration of Industry: Does Natural Advantage Explain Agglomeration? pp. 311-316

Edward Glaeser and Glenn Ellison

Scale of Local Production and City Size pp. 317-320

Thomas J. Holmes

Spatial Evolution of Population and Industry in the United States pp. 321-327

Vernon Henderson and Duncan Black

Decomposition of Productivity and Unit Costs pp. 328-332

Lawrence Slifman and Carol Corrado

Quality Improvement in Health Care: A Framework for Price and Output Measurement pp. 333-337

Matthew D. Shapiro, Irving Shapiro and David Wilcox

Discrepancies in International Data: An Application to China-Hong Kong Entrepot Trade pp. 338-343

Robert Feenstra

How Departments of Economics Evaluate Teaching pp. 344-349

Michael Watts and William Becker

What Do College Seniors Know about Economics? pp. 350-354

Sam Allgood and William B. Walstad

The State of Economic Education pp. 355-361

John Siegfried and Michael K. Salemi

Credit and Banking Structure: Asian and African-American Experience in Los Angeles pp. 362-366

Lisa Mohanty and Gary Dymski

What Can We Expect from Community-Based Lending for the District of Columbia pp. 367-371

Gwendolyn Flowers

The Economic Performance of African-American-Owned Banks: The Role of Loan Loss Provisions pp. 372-376

Christopher C. Henderson

Portfolio Choices of Parents and Their Children as Young Adults: Asset Accumulation by African-American Families pp. 377-380

Frank P. Stafford and Ngina S. Chiteji

Financial Decision-Making: Are Women Really More Risk-Averse? pp. 381-385

Renate Schubert

Gender and Culture: International Experimental Evidence from Trust Games pp. 386-391

Nancy Buchan and Rachel Croson

Cracks in the Glass Ceiling: Gender and Promotion in the Economics Profession pp. 392-396

Larry D. Singell, John McDowell and James Ziliak

Gender Differences in Salary and Promotion in the Humanities pp. 397-402

Kathy J. Hayes and Donna Ginther

Same Song, Same Refrain? Economic Sanctions in the 1990's pp. 403-408

Gary Clyde Hufbauer and Kimberly Elliott

Sanctions: Some Simple Analytics pp. 409-414

Maxim Engers and Jonathan Eaton

Sanctions on South Africa: What Did They Do? pp. 415-420

Philip Levy

Recent Theoretical Work on the Soft Budget Constraint pp. 421-425

Eric Maskin

Policy Burdens, Accountability, and the Soft Budget Constraint pp. 426-431

Guofu Tan and Justin Lin

The Myth of the East Asian Miracle: The Macroeconomic Implications of Soft Budgets pp. 432-437

Yijiang Wang and Chong-En Bai

Institutions, Innovations, and Growth pp. 438-443

Chenggang Xu and Haizhou Huang

Minutes of the Annual Meeting pp. 447-448

John Siegfried

Minutes of the Executive Committee Meetings pp. 449-461

John Siegfried

Report of the Secretary for 1998 pp. 462-464

John Siegfried

Report of the Treasurer for the Year Ending December 31, 1998 pp. 465-465

C. Elton Hinshaw

Report of the Finance Committee pp. 466-466

C. Elton Hinshaw

Report of the Editor: American Economic Review pp. 467-475

Orley Ashenfelter

Report of the Editor: Journal of Economic Literature pp. 476-478

John McMillan

Report of the Editor: Journal of Economic Perspectives pp. 479-483

Alan Krueger

Report of the Director: Job Openings for Economists pp. 484-485

C. Elton Hinshaw

Report of the Committee on Economic Education pp. 486-487

Michael K. Salemi

Report of the Committee on the Status of Minority Groups in the Economics Profession pp. 488-491

Susan M. Collins

Report of the Committee on the Status of Women in the Economics Profession pp. 492-498

Robin L. Bartlett

American Economic Association Universal Academic Questionnaire Summary Statistics pp. 499-502

Charles E. Scott

Volume 89, issue 1, 1999

Catching Up with the Economy pp. 1-21

Robert Fogel

The Voracity Effect pp. 22-46

Philip Lane and Aaron Tornell

Endogenous Technological Change and Wage Inequality pp. 47-77

Huw Lloyd-Ellis

Technological Revolutions pp. 78-102

Francesco Caselli

Doing It Now or Later pp. 103-124

Matthew Rabin and Ted O'Donoghue

Cooperative Investments and the Value of Contracting pp. 125-147

Donald B. Hausch and Yeon-Koo Che

Rules of Thumb versus Dynamic Programming pp. 148-174

Harald Uhlig and Martin Lettau

The Generalized War of Attrition pp. 175-189

Paul Klemperer and Jeremy Bulow

The Role of Multilateral Institutions in International Trade Cooperation pp. 190-214

Giovanni Maggi

An Economic Theory of GATT pp. 215-248

Robert W. Staiger and Kyle Bagwell

Technology, Employment, and the Business Cycle: Do Technology Shocks Explain Aggregate Fluctuations? pp. 249-271

Jordi Galí

Scale Economies and Industry Agglomeration Externalities: A Dynamic Cost Function Approach pp. 272-290

Donald S. Siegel and Catherine Morrison Paul

Can Affirmative Action Be Cost Effective? An Experimental Examination of Price-Preference Auctions pp. 291-305

Andrew Schotter and Allan Corns

Overconfidence and Excess Entry: An Experimental Approach pp. 306-318

Dan Lovallo and Colin Camerer

The Winner's Curse and Public Information in Common Value Auctions: Comment pp. 319-324

Samuel H. Dinkin, James Cox and Vernon L. Smith

The Winner's Curse and Public Information in Common Value Auctions: Reply pp. 325-334

John Kagel, Colin Campbell and Dan Levin

Social Distance and Other-Regarding Behavior in Dictator Games: Comment pp. 335-339

Bruno Frey and Iris Bohnet

Social Distance and Other-Regarding Behavior in Dictator Games: Reply pp. 340-341

Kevin McCabe, Elizabeth Hoffman and Vernon L. Smith

Optimal Inflation Targets, "Conservative" Central Banks, and Linear Inflation Contracts: Comment pp. 342-347

Henrik Jensen and Roel Beetsma