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.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

Volume 86, issue 5, 1996

Why Is Capital So Immobile Internationally? Possible Explanations and Implications for Capital Income Taxation pp. 1057-75

Roger Gordon and Lans Bovenberg

Altered States: Taxes and the Location of Foreign Direct Investment in America pp. 1076-94

James Hines

State Infrastructure and Productive Performance pp. 1095-1111

Catherine Morrison Paul and Amy Schwartz

How Wide Is the Border? pp. 1112-25

Charles Engel and John Rogers

The Payments System, Liquidity, and Rediscounting pp. 1126-38

Scott Freeman

Central-Bank Independence, Economic Behavior, and Optimal Term Lengths pp. 1139-53

Christopher Waller and Carl Walsh

Factor-Hoarding and the Propagation of Business-Cycle Shocks pp. 1154-74

Craig Burnside and Martin Eichenbaum

Staggering and Synchronization in Price-Setting: Evidence from Multiproduct Firms pp. 1175-96

Saul Lach and Daniel Tsiddon

Dynamic Capital Structure under Managerial Entrenchment pp. 1197-1215

Jeffrey Zwiebel

Comparing Apples to Oranges: Productivity Convergence and Measurement across Industries and Countries pp. 1216-38

Andrew Bernard and Charles Jones

The Productivity Slowdown: The Culprit at Last? Follow-Up on Hulten and Wolff pp. 1239-52

Edward Wolff

Industry Differences in the Persistence of Firm-Specific Returns pp. 1253-65

Geoffrey F Waring

Localization Economies, Vertical Organization, and Trade pp. 1266-78

Gordon Hanson

Symmetric Tax Competition with Multiple Jurisdictions in Each Metropolitan Area pp. 1279-90

Ralph M Braid

The Uncertain Unit Root in Real GNP: Comment pp. 1291-98

Francis Diebold and Abdelhak S Senhadji

The Deadweight Loss of Christmas: Comment pp. 1299-1305

Sara J Solnick and David Hemenway

The Deadweight Loss of Christmas: Reply pp. 1306-08

Joel Waldfogel

The Impact of Global Warming on Agriculture: Comment pp. 1309-11

William Cline

The Impact of Global Warming on Agriculture: Reply pp. 1312-15

Robert Mendelsohn and William Nordhaus

Volume 86, issue 4, 1996

Monetary Policy as a Process of Search pp. 689-702

Andrew Caplin and John Leahy

Capital-Market Imperfections and Countercyclical Markups: Theory and Evidence pp. 703-25

Judith Chevalier and David Scharfstein

Arbitrage-Based Tests of Target-Zone Credibility: Evidence from ERM Cross-Rate Options pp. 726-40

Jose Campa and P H Kevin Chang

A Regional Dynamic General-Equilibrium Model of Alternative Climate-Change Strategies pp. 741-65

William Nordhaus and Zili Yang

The Evolution of Social Norms in Common Property Resource Use pp. 766-88

Rajiv Sethi and E. Somanathan

Effects of Air Quality Regulation pp. 789-813

J. Vernon Henderson

How (Not) to Sell Nuclear Weapons pp. 814-29

Philippe Jehiel, Benny Moldovanu and Ennio Stacchetti

Reciprocal Exchange: A Self-Sustaining System pp. 830-51

Rachel Kranton

Multinationals, Linkages, and Economic Development pp. 852-73

Andres Rodriguez-Clare

Bequest Behavior and the Effect of Heirs' Earnings: Testing the Altruistic Model of Bequests pp. 874-92

Mark Wilhelm

New Evidence on Altruism: A Study of TIAA-CREF Retirees pp. 893-908

John Laitner and F. Juster

Migration with Endogenous Moving Costs pp. 909-30

William J Carrington, Enrica Detragiache and Tara Vishwanath

Technical Change and Human-Capital Returns and Investments: Evidence from the Green Revolution pp. 931-53

Andrew Foster and Mark Rosenzweig

The Price Is Right, but Are the Bids? An Investigation of Rational Decision Theory pp. 954-70

Jonathan B Berk, Eric Hughson and Kirk Vandezande

Household Responses to Pricing Garbage by the Bag pp. 971-84

Don Fullerton and Thomas Kinnaman

Optimal Environmental Taxation in the Presence of Other Taxes: General-Equilibrium Analyses pp. 985-1000

Lans Bovenberg and Lawrence H Goulder

Turning Points in the Civil War: Views from the Greenback Market pp. 1001-18

Kristen L Willard, Timothy Guinnane and Harvey Rosen

A Signaling Explanation for Charity pp. 1019-28

Amihai Glazer and Kai Konrad

Volume 86, issue 3, 1996

Rat Race Redux: Adverse Selection in the Determination of Work Hours in Law Firms pp. 329-48

Renee M Landers, James Rebitzer and Lowell Taylor

Veblen Effects in a Theory of Conspicuous Consumption pp. 349-73

Laurie Simon Bagwell and B. Douglas Bernheim

The Gender Gap, Fertility, and Growth pp. 374-87

Oded Galor and David Weil

The Timing and Incidence of Exploratory Drilling on Offshore Wildcat Tracts pp. 388-407

Kenneth Hendricks and Robert Porter

The Swing Voter's Curse pp. 408-24

Timothy J Feddersen and Wolfgang Pesendorfer

How Do Senators Vote? Disentangling the Role of Voter Preferences, Party Affiliation, and Senate Ideology pp. 425-41

Steven Levitt

Revenue Effects and Information Processing in English Common Value Auctions pp. 442-60

Dan Levin, John Kagel and Jean-Francois Richard

Avoidable Cost: Ride a Double Auction Roller Coaster pp. 461-77

Mark Van Boening and Nathaniel Wilcox

Holdups, Standard Breach Remedies, and Optimal Investment pp. 478-501

Aaron Edlin and Stefan Reichelstein

Employee Buyout in a Bargaining Game with Asymmetric Information pp. 502-23

Avner Ben-Ner and Byoung Jun

Aggregation without Separability: A Generalized Composite Commodity Theorem pp. 524-43

Arthur Lewbel

Voluntary Export Restraints, Antidumping Procedure, and Domestic Politics pp. 544-61

B. Rosendorff

Entry, Exit, Growth, and Innovation over the Product Life Cycle pp. 562-83

Steven Klepper

Heterogeneity, Stratification, and Growth: Macroeconomic Implications of Community Structure and School Finance pp. 584-609

Roland Benabou

Investment Lags pp. 610-22

Avner Bar-ilan and William Strange

On the Dixit-Stiglitz Model of Monopolistic Competition pp. 623-29

Claude d'Aspremont, Rodolphe Dos Santos Ferreira and Louis-André Gérard-Varet

R&D Spillovers and the Geography of Innovation and Production pp. 630-40

David Audretsch and Maryann P Feldman

Company-Scientist Locational Links: The Case of Biotechnology pp. 641-52

David Audretsch and Paula Stephan

Social Distance and Other-Regarding Behavior in Dictator Games pp. 653-60

Elizabeth Hoffman, Kevin McCabe and Vernon Smith

Money, Expectations, and U.S. Civil War pp. 661-71

McCandless, George T,

Contracts as a Barrier to Entry: Comment pp. 672-74

Steffen Ziss

Serving the Public Debt: The Role of Expectations: Comment pp. 675-79

Roel Beetsma

Volume 86, issue 2, 1996

The Missing Piece in Policy Analysis: Social Security Reform pp. 1-14

Martin Feldstein

Household Survey Data from Developing Countries: Progress and Prospects pp. 15-19

Margaret E Grosh and Paul Glewwe

International Price and Quantity Comparisons: Potentials and Pitfalls pp. 20-24

Alan Heston and Robert Summers

International Comparisons of the Sources of Economic Growth pp. 25-29

Chrys Dougherty and Dale Jorgenson

Measurement and Mismeasurement of Social Indicators pp. 30-34

John Strauss and Duncan Thomas

Trade, Technology, and Wages: A Tale of Two Countries pp. 35-40

Ronald Jones and Stanley L Engerman

The United States in a New Global Economy? A Century's Perspective pp. 41-46

Douglas Irwin

Modeling Global Interdependence: Centers, Peripheries, and Frontiers pp. 47-51

Ronald Findlay

Regional Trading Arrangements: Natural or Supernatural pp. 52-56

Jeffrey Frankel, Ernesto Stein and Shang-Jin Wei

How Severe Is Global Retaliation Risk under Increasing Regionalism? pp. 57-61

Carlo Perroni and John Whalley

Free-Trade Agreements: For Better or Worse? pp. 62-66

Ronald Wonnacott

Asset-Market Structure and International Trade Dynamics pp. 67-70

Athanasios V Arvanitis and Anne Mikkola

Incomplete Exchange-Rate Pass-Through and Imperfect Competition: The Effect of Local Production pp. 71-76

Anne Gron and Deborah Swenson

U.S. Equity Investment in Foreign Markets: Portfolio Rebalancing or Return Chasing? pp. 77-81

Henning Bohn and Linda Tesar

The Theory of Preferential Trade Agreements: Historical Evolution and Current Trends pp. 82-87

Jagdish Bhagwati and Arvind Panagariya

Compatibility of Regional and Multilateral Trading Agreements: Reforming the WTO Process pp. 88-92

Gary P Sampson

Regionalism and the (Dis)advantage of Dispute-Settlement Access pp. 93-98

Philip Levy and T. Srinivasan

Distributional Conflicts, Factor Mobility, and Political Integration pp. 99-104

Patrick Bolton and Gérard Roland

Fiscal Consolidation in Europe: Composition Matters pp. 105-10

Roberto Perotti

Monetary Cohabitation in Europe pp. 111-16

Torsten Persson and Guido Tabellini

Theoretical Aspects of Transition pp. 117-22

Olivier Blanchard

Enterprises and Workers in the Transition: Econometric Evidence pp. 123-27

Jan Svejnar

The Transition at Mid Decade pp. 128-33

Jeffrey D Sachs

Federalism, Fiscal Restraints, and European Monetary Union pp. 134-38

Juergen von Hagen and Barry Eichengreen

Implementing EMU pp. 139-42

Richard Portes

The New EMS: Narrow Bands inside Deep Bands pp. 143-46

Vincent Labhard and Charles Wyplosz

Economic Transition and the Exchange-Rate Regime pp. 147-52

Jeffrey D Sachs

Recent Exchange-Rate Experience and Proposals for Reform pp. 153-58

Jeffrey Frankel

Exchange Rates and the Political Economy of Macroeconomic Discipline pp. 159-63

Sebastian Edwards

One Year of Solitude: Some Pilgrim Tales about Mexico's 1994-1995 Crisis pp. 164-69

Francisco Gil-Diaz and Agustin Carstens

Petty Crime and Cruel Punishment: Lessons from the Mexican Debacle pp. 170-75

Guillermo Calvo and Enrique Mendoza

Exchange-Rate Anchors, Credibility, and Inertia: A Tale of Two Crises, Chile and Mexico pp. 176-80

Sebastian Edwards

The "Fundamental Transformation" in Macroeconomics pp. 181-86

Ricardo Caballero and Mohamad L Hammour

Modeling Aggregate Liquidity pp. 187-91

Bengt Holmstrom and Jean Tirole

Trading Costs, Price, and Volume in Asset Markets pp. 192-96

Andrew Caplin and John Leahy

The First Industrial Revolution: A Guided Tour for Growth Economists pp. 197-201

Nicholas Crafts

Why, Indeed, in America? Theory, History, and the Origins of Modern Economic Growth pp. 202-06

Paul Romer

Hybridizing Growth Theory pp. 207-12

Martin Weitzman

Inflation's Children: Tales of Crises That Beget Reforms pp. 213-17

Michael Bruno and William Easterly

International Measures of Schooling Years and Schooling Quality pp. 218-23

Robert Barro and Jong-Wha Lee

Accounting for China's Growth Performance pp. 224-28

Eduardo Borensztein and Jonathan Ostry

Economies in Transition: The Beginnings of Growth pp. 229-33

Stanley Fischer, Ratna Sahay and Carlos Vegh

U.S. Trade with Developing Countries and Wage Inequality pp. 234-39

Jeffrey D Sachs and Howard Shatz

Globalization, Outsourcing, and Wage Inequality pp. 240-45

Robert Feenstra and Gordon Hanson

Searching for the Effect of Immigration on the Labor Market pp. 246-51

George Borjas, Richard Freeman and Lawrence Katz

Technology, Skill, and the Wage Structure: Insights from the Past pp. 252-57

Claudia Goldin and Lawrence Katz

With What Skills Are Computers a Complement? pp. 258-62

Frank Levy and Richard Murnane

Human-Capital Investments and Productivity pp. 263-67

Sandra Black and Lisa Lynch

Do Men Whose Wives Work Really Earn Less? pp. 268-73

Joyce Jacobsen and Wendy Rayack

Domestic Violence: The Value of Services as Signals pp. 274-79

Amy Farmer and Jill Tiefenthaler

Gender Differences in Overeducation: A Test of the Theory of Differential Overqualification pp. 280-84

KimMarie McGoldrick and John Robst

Wage Disparities and Affirmative Action in the 1980's pp. 285-89

Jonathan Leonard

The Effect of Federal Contractor Status on Racial Differences in Establishment-Level Employment Shares: 1979-1992 pp. 290-93

Rodgers, William M, and William E Spriggs

Do Preferential Procurement Programs Benefit Minority Business? pp. 294-97

Timothy Bates and Darrell Williams

The Ebb and Flow of Enforcing Executive Order 11246 pp. 298-301

Bernard E Anderson

Changes in the Distribution of Wages and Unemployment in OECD Countries pp. 302-08

Stephen Nickell and Brian Bell

Wage Inequality from International Competition and Technological Change: Theory and Country Experience pp. 309-14

Edward Leamer

Reorganization of Firms and Labor-Market Inequality pp. 315-21

Assar Lindbeck and Dennis Snower

Challenges for the Post-Apartheid Economy pp. 322-25

Francis Wilson

Compulsory Centralization of Collective Bargaining in South Africa pp. 326-29

Peter Moll

Education across Generations in South Africa pp. 330-34

Duncan Thomas

Education Returns across Quantiles of the Wage Function: Alternative Explanations for Returns to Education by Race in South Africa pp. 335-39

Germano Mwabu and T. Schultz

Some Effects of Taxes on Schooling and Training pp. 340-46

Dupor, Bill, et al

On the Divergence between "Ideal" and Conventional Income-Tax Treatment of Human Capital pp. 347-52

Louis Kaplow

How Should Government Allocate Subsidies for Human Capital? pp. 353-57

C. Eugene Steuerle

Different Approaches for Dealing with Social Security pp. 358-62

Edward Gramlich

Social Security Privatization: A Structure for Analysis pp. 363-67

Olivia Mitchell and Stephen Zeldes

Privatizing School Security at Home and Abroad pp. 368-72

Laurence Kotlikoff

Social Security Reform: Around the World in 80 Ways pp. 373-77

Sylvester J Schieber and John B Shoven

The Effect of Medicaid Expansions on Public Insurance, Private Insurance, and Redistribution pp. 378-83

David Cutler and Jonathan Gruber

Do (More and Better) Drugs Keep People Out of Hospitals? pp. 384-88

Frank Lichtenberg

HMO Penetration and the Cost of Health Care: Market Discipline or Market Segmentation? pp. 389-94

Laurence C Baker and Kenneth Corts

Budget Institutions and Fiscal Policy in the U.S. States pp. 395-400

James Poterba

Fiscal Discipline and the Budget Process pp. 401-07

Alberto Alesina and Roberto Perotti

European versus American Perspectives on Balanced-Budget Rules pp. 408-13

Giancarlo Corsetti and Nouriel Roubini

Structural Analysis of Auction Data pp. 414-20

Jean-Jacques Laffont and Quang Vuong

Empirical Models of Discrete Strategic Choices pp. 421-26

Peter C Reiss

Public-Policy Uses of Discrete-Choice Dynamic Programming Models pp. 427-32

Kenneth I Wolpin

Religion, Science, and Rationality pp. 433-37

Rodney Stark, Laurence Iannaccone and Roger Finke

The Discontents of Islamic Economic Morality pp. 438-42

Timur Kuran

Contemplations on the Economic Approach to Religious Behavior pp. 443-47

James D Montgomery

Chalk and Talk: A National Survey on Teaching Undergraduate Economics pp. 448-53

William Becker and Michael Watts

Laboratory-Based Experimental and Demonstration Initiatives in Teaching Undergraduate Economics pp. 454-59

Cardell, N Scott, et al

Teacher Training Programs in Economics: Past, Present, and Future pp. 460-64

Michael K Salemi, Phillip Saunders and William B Walstad

Volume 86, issue 1, 1996

Economics, Values, and Health Care Reform pp. 1-24

Victor Fuchs

Mortgage Lending in Boston: Interpreting HMDA Data pp. 25-53

Alicia Munnell, Geoffrey Tootell, Lynn E. Browne and James McEneaney

Productivity and the Density of Economic Activity pp. 54-70

Antonio Ciccone and Robert Hall

Real-Business-Cycle Models and the Forecastable Movements in Output, Hours, and Consumption pp. 71-89

Julio Rotemberg and Michael Woodford

Money and Output: A Test of Reverse Causation pp. 90-111

Wilbur Coleman

Business Cycles and Labor-Market Search pp. 112-32

David Andolfatto

The Spirit of Capitalism and Stock-Market Prices pp. 133-57

Gurdip S Bakshi and Zhiwu Chen

Income Risk, Borrowing Constraints, and Portfolio Choice pp. 158-72

Luigi Guiso, Tullio Jappelli and Daniele Terlizzese

The LeChatelier Principle pp. 173-79

Paul Milgrom and John Roberts

Auctions versus Negotiations pp. 180-94

Jeremy Bulow and Paul Klemperer

Organizational Design and Technology Choice under Intrafirm Bargaining pp. 195-222

Lars Stole and Jeffrey Zwiebel

Divisionalization, Franchising, and Divestiture Incentives in Oligopoly pp. 223-36

Michael Baye, Keith J Crocker and Jiandong Ju

Strategic Trade Policies with Endogenous Mode of Competition pp. 237-58

Giovanni Maggi

Understanding the Costs of Sovereign Default: American State Debts in the 1840's pp. 259-75

William B English

Canadian National Health Insurance and Infant Health pp. 276-84

Maria J Hanratty

Health Insurance and Precautionary Savings pp. 285-95

Martha Starr

Budget Constraints and Time-Series Evidence on Consumption: Comment pp. 296-97

William Roberds

Budget Constraints and Time-Series Evidence on Consumption: Reply pp. 298-99

Jordi Galí

Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance: Comment pp. 300-309

Stephen Oliner and Glenn Rudebusch

Monetary Policy and Credit Conditions: Evidence from the Composition of External Finance: Reply pp. 310-14

Anil Kashyap, Jeremy Stein and David Wilcox

Collective Bargaining in the Public Sector: Comment pp. 315-26

Morley Gunderson, Robert Hebdon and Douglas Hyatt

Collective Bargaining in the Public Sector: Reply pp. 327-28

Janet Currie and Sheena McConnell