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 79, issue 6, 1989

The Pretence of Knowledge pp. 3-7

Friedrich von Hayek

The Equality Issue in World Development pp. 8-17

Gunnar Myrdal

Mathematics in Economics: Achievements, Difficulties, Perspectives pp. 18-22

Leonid Kantorovich

Volume 79, issue 5, 1989

Real Effects of Academic Research pp. 957-70

Adam Jaffe

Why Do Wages Increase with Tenure? On-the-Job Training and Life-Cycle Wage Growth Observed within Firms pp. 971-91

James N Brown

How to Carve a Medical Degree: Human Capital Assets in Divorce Settlements pp. 992-1009

Severin Borenstein and Paul N Cournat

OECD Comparative Economic Growth 1950-85: Catch-Up and Convergence pp. 1010-30

Steve Dowrick and Duc-Tho Nguyen

The Dynastic Cycle and the Stationary State pp. 1031-44

Dan Usher

The Effects of Capital Income Taxation on International Competitiveness and Trade Flows pp. 1045-64

Lans Bovenberg

Import Competition and the Stock Market Return to Capital pp. 1065-87

Gene Grossman and James Levinsohn

Consumption and Capital Market Imperfections: An International Comparison pp. 1088-1105

Tullio Jappelli and Marco Pagano

Monetary Policy in the United States under Flexible Exchange Rates pp. 1106-16

David Papell

On the Relation between Reschedulings and Bank Value pp. 1117-31

Sule Ozler

Why Don't the Prices of Stocks and Bonds Move Together? pp. 1132-45

Robert Barsky

A Traditional Interpretation of Macroeconomic Fluctuations pp. 1146-64

Olivier Blanchard

Desirability of Compatibility in the Absence of Network Externalities pp. 1165-81

Nicholas Economides

Social Security as Trade among Living Generations pp. 1182-95

Ingemar Hansson and Charles Stuart

On the Optimal Tax Base for Commodity Taxation pp. 1196-1206

John Wilson

Politics and the Choice of Durability pp. 1207-13

Amihai Glazer

Cheap Talk with Two Audiences pp. 1214-23

Joseph Farrell and Robert Gibbons

The Compliance Cost of Itemizing Deductions: Evidence from Individual Tax Returns pp. 1224-32

Mark Pitt and Joel Slemrod

The Net Benefits of Incentive-Based Regulation: A Case Study of Environmental Standard Setting pp. 1233-42

Wallace Oates, Paul R Portney and Albert McGartland

The S-Shaped Value Function as a Constrained Optimum pp. 1243-48

Daniel Friedman

Bidding for Firms pp. 1249-56

Dan Black and William H Hoyt

Does the Basketball Market Believe in the 'Hot Hand'? pp. 1257-61

Colin F Camerer

Simon Kuznets' "Sectoral Shares in Labor Force": A Different Explanation of His ( I + S)/ A Ratio pp. 1262-76

Gunther Schmitt

The Endowment Effect and Evidence of Nonreversible Indifference Curves pp. 1277-84

Jack Knetsch

Diamonds Are a Government's Best Friend: Burden-Free Taxes on Goods Valued for Their Values: Comments pp. 1285-88

Richard Dusansky

Diamonds Are a Government's Best Friend: Burden-Free Taxes on Goods Valued for Their Values: Reply pp. 1289-90

Yew-Kwang Ng

Voluntary Donations and Public Expenditures in a Federalist System: Comment and Extension pp. 1291-96

Robert McClelland

On the Organization of Rural Markets and the Process of Economic Development: Comment pp. 1297-98

Ngo Long

On the Organization of Rural Markets and the Process of Economic Development: Reply pp. 1299

Allan Drazen and Zvi Eckstein

The Theory of International Economic Sanctions--A Public Choice Approach: Comment pp. 1300-1303

Michael P Leidy

The Theory of International Economic Sanctions--A Public Choice Approach: Reply pp. 1304-06

William Kaempfer and Anton Lowenberg

Erratum [In Quest of the Slutsky Diamond] pp. 1307

Olivier de La Grandville

Volume 79, issue 4, 1989

Changing Beliefs and Systematic Rational Forecast Errors with Evidence from Foreign Exchange pp. 621-36

Karen Lewis

Exchange Rate Pass-Through When Market Share Matters pp. 637-54

Kenneth Froot and Paul Klemperer

The Dynamic Effects of Aggregate Demand and Supply Disturbances pp. 655-73

Olivier Blanchard and Danny Quah

Labor Demand and the Structure of Adjustment Costs pp. 674-89

Daniel S Hamermesh

Entry, Exit, and Diffusion with Learning by Doing pp. 690-99

Boyan Jovanovic and Saul Lach

Oligopolistic Pricing with Sequential Consumer Search pp. 700-712

Stahl, Dale O,

A Political Theory of Government Debt and Deficits in a Neo-Ricardian Framework pp. 713-32

Alex Cukierman and Allan Meltzer

The Inflation Tax in a Real Business Cycle Model pp. 733-48

Thomas Cooley and Gary D Hansen

Theory and Misbehavior of First-Price Auctions pp. 749-62

Glenn Harrison

Strategic Voting in Agenda-Controlled Committee Experiments pp. 763-73

Catherine Eckel and Charles Holt

The Effect of Wage Bargains on the Stock Market Value of the Firm pp. 774-800

John Abowd

Strikes, Wages, and Private Information pp. 801-15

Sheena McConnell

A Longitudinal Analysis of Strike Activity in U.S. Manufacturing: 1957-1984 pp. 816-26

Susan Vroman

Cyclical Fluctuations in Strike Durations pp. 827-41

Alan Harrison and Mark Stewart

Alternative Mechanisms for Corporate Control pp. 842-52

Randall Morck, Andrei Shleifer and Robert Vishny

Some Empirical Evidence on the Production Level and Production Cost Smoothing Models of Inventory Investment pp. 853-64

Martin Eichenbaum

How Well Do Economists Forecast Stock Market Prices? A Study of the Livingston Surveys pp. 865-71

Yoon Dokko and Robert H Edelstein

Supernovas in Monetary Theory: Does the Ultimate Sunspot Rule Out Money? pp. 872-81

Jon Faust

Will the Real Elasticity of Substitution Please Stand Up? (A Comparison of the Allen/Uzawa and Morishima Elasticities) pp. 882-88

Charles Blackorby and R Robert Russell

Increasing Returns and Animal Spirits pp. 889-94

Philippe Weil

The Demand for Money and Goods in the Theory of Consumer Choice with Money pp. 895-901

Richard Dusansky

Just-Cause Employment Policies When Unemployment Is a Worker Discipline Device pp. 902-05

David Levine

Licensing and Nontransferable Rents: Comment pp. 906-09

Firouz Gahvari

Licensing and Nontransferable Rents: Reply pp. 910-12

Lott, John R,

Speeding, Coordination, and the 55-MPH Limit: Comment pp. 913-15

David T Levy and Peter Asch

Speeding, Coordination, and the 55-MPH Limit: Comment pp. 916-21

Richard Fowles and Peter Loeb

Speeding, Coordination, and the 55-MPH Limit: Comment pp. 922-25

Donald Snyder

Speeding, Coordination, and the 55-MPH Limit: Reply pp. 926-31

Charles Lave

Statutes versus Enforcement: The Case of the Optimal Speed Limit pp. 932-36

Philip Graves, Dwight R Lee and Robert L Sexton

Volume 79, issue 3, 1989

The Effect of the 1933 Securities Act on Investor Information and the Performance of New Issues pp. 295-318

Carol J Simon

The Sensitivity of Tests of the Intertemporal Allocation of Consumption to Near-Rational Alternatives pp. 319-37

John Cochrane

Inventories as Factors of Production and Economic Fluctuations pp. 338-54

Valerie Ramey

An Experimental Study of Sequential Bargaining pp. 355-84

Jack Ochs and Alvin Roth

The Electronic Mail Game: Strategic Behavior under "Almost Common Knowledge." pp. 385-91

Ariel Rubinstein

Three Variants on the Allais Example pp. 392-407

John Conlisk

Preference Reversals without the Independence Axiom pp. 408-26

James Cox and Seth Epstein

Measuring the Efficiency Cost of Taxing Risky Capital Income pp. 427-39

Roger Gordon and John Wilson

The Simple Analytics of Debt-Equity Swaps pp. 440-51

Elhanan Helpman

Dependents and the Demand for Life Insurance pp. 452-67

Frank Lewis

In Quest of the Slutsky Diamond pp. 468-81

Olivier de La Grandville

The Health and Earnings of Rejected Disability Insurance Applicants pp. 482-503

John Bound

Economic and Mechanical Models of Intergenerational Transmission pp. 504-13

Arthur Goldberger

On the Economics of the Family: Reply to a Skeptic pp. 514-18

Gary Becker

Some Empirical Aspects of Entrepreneurship pp. 519-35

David Evans and Linda S Leighton

Returns to Seniority after Permanent Job Loss pp. 536-43

Lori Gladstein Kletzer

Too Many Proposals Pass the Benefit Cost Test pp. 544-51

John P Hoehn and Alan Randall

Trade Negotiations and World Welfare pp. 552-59

Carsten Kowalczyk

Is There a Leviathan in Your Neighborhood? pp. 560-67

Jeffrey Zax

Is Leviathan a Mythical Beast? pp. 568-77

Kevin Forbes and Ernest M Zampelli

Searching for Leviathan: Reply pp. 578-83

Wallace Oates

The Dynamics of Population Growth, Differential Fertility, and Inequality: Comment pp. 584-87

Erik Dietzenbacher

If Homo Economicus Could Choose His Own Utility Function, Would He Want One with a Conscience?: Comment pp. 588-93

Harrington, Joseph E,

If Homo Economicus Could Choose His Own Utility Function, Would He Want One with a Conscience? Reply pp. 594-96

Robert Frank

Two-Moment Decision Models and Expected Utility Maximization: Comment pp. 597-600

Haim Levy

Two-Moment Decision Models and Expected Utility Maximization: Comment pp. 601-02

Hans-Werner Sinn

Two-Moment Decision Models and Expected Utility Maximization: Reply pp. 603

Jack Meyer

Price Leadership and Welfare Losses in U.S. Manufacturing: Comment pp. 604-09

Johan Willner

Price Leadership and Welfare Losses in U.S. Manufacturing: Reply pp. 610-13

Micha Gisser

Volume 79, issue 2, 1989

Politics and the Professors Revisited pp. 1-15

Henry Aaron

Economic Reform in the USSR, Eastern Europe, and China: The Politics of Economics pp. 16-20

Ed A Hewett

Reforms in China: Implications for U.S. Policy pp. 21-25

Robert F Dernberger

Reforms in the USSR: Implications for U.S. Policy pp. 26-30

Franklyn D Holzman

The J-Curve, the Fire Sale, and the Hard Landing pp. 31-35

Paul Krugman

The Case against Trying to Stabilize the Dollar pp. 36-40

Martin Feldstein

The Case for Roughly Stabilizing the Real Value of the Dollar pp. 41-45

John Williamson

Expenditures, Efficiency, and Equity in Education: The Federal Government's Role pp. 46-51

Eric A Hanushek

Economics of Investment in Educationally Disadvantaged Students pp. 52-56

Henry Levin

Role of Parental Income in Educational Attainment pp. 57-61

Paul Taubman

Employment Opportunities of Young Men and Family Formation pp. 62-66

Robert Lerman

Economic Transformation, Family Structure, and Poverty Rates of Black Children in Metropolitan Areas pp. 67-70

Cynthia Rexroat

The Labor Supply and School Attendance of Black Women in Extended and Nonextended Households pp. 71-74

David Macpherson and James B Stewart

Having Opinions--One of the Elements of Well-Being? pp. 75-79

Albert Hirschman

Frames of Reference and the Quality of Life pp. 80-85

Robert Frank

Altruism and the Quality of Life pp. 86-90

Oded Stark

Fiscal Policy and the Dynamic Inconsistency of Social Security Forecasts pp. 91-96

Henry Aaron and Gary Burtless

Social Security and Personal Saving: An Analysis of Expectations pp. 97-102

B. Douglas Bernheim and Lawrence Levin

Is It Worth Eliminating the Retirement Test? pp. 103-07

Marjorie Honig and Cordelia Reimers

Tax Policy for the 1990s: Personal Saving, Business Investment, and Corporate Debt pp. 108-12

Martin Feldstein

The Continuing Search for a Popular Tax pp. 113-17

Alice Rivlin

Protection: Is There a Better Way? pp. 118-22

Robert Lawrence

Macroeconomic Influences on Trade Policy pp. 123-27

William Cline

U.S. Trade Policy: Recent Changes and Future U.S. Interests pp. 128-33

Robert Baldwin

Reputation and Time Consistency pp. 134-39

Nancy L Stokey

The Economics of Accounting Information Systems pp. 140-45

James Jordan

The FSLIC Crisis and the Southwest Plan pp. 146-50

Paul M Horvitz

The Lender of Last Resort in the Wake of the Crash pp. 151-55

Gillian Garcia

Expanded Powers after the Crash(es) pp. 156-60

Herbert Baer

The Future of Public Sector Unions: Stagnation or Growth? pp. 161-65

Linda N Edwards

Trends in Worker Demand for Union Representation pp. 166-71

Henry S Farber

The Ability of Unions to Adapt to Innovative Workplace Arrangements pp. 172-76

Adrienne E Eaton and Paula B Voos

Some Simple Economics of Mandated Benefits pp. 177-83

Lawrence H Summers

On the Contribution of Economics to the Evaluation and Formation of Social Insurance Policy pp. 184-90

Laurence Kotlikoff

Economists' View of the Welfare System pp. 191-96

Edward Gramlich

Markets, Market Failures, and Development pp. 197-203

Joseph Stiglitz

Financial Factors in Economic Development pp. 204-09

Rüdiger Dornbusch and Alejandro Reynoso

Unemployment, Inflation, and Wages in the American Depression: Are There Lessons for Europe? pp. 210-14

Ben Bernanke and Martin Parkinson

The Thatcher Miracle? pp. 215-19

Richard Layard and Stephen Nickell

Hysteresis in History: Was There Ever a Phillips Curve? pp. 220-25

Robert Gordon

An Econometric Model of the Role of Gender in Economic Education pp. 226-30

Julia A Heath

The Effect of State Mandates on Student Performance pp. 231-35

Sherrie L W Rhine

The Principles Courses Revisited pp. 236-41

Michael Watts and Gerald J Lynch

Will There Be Enough Teachers? pp. 242-46

Richard Murnane and Randall J Olsen

College Quality and Future Earnings: Where Should You Send Your Child to College? pp. 247-52

James, Estelle, et al

Recent Trends in U.S. Higher Education Costs and Prices: The Role of Government Funding pp. 253-57

Michael S McPherson, Morton Owen Schapiro and Gordon Winston

Reducing International Imbalances: Evidence from Multicountry Models pp. 258-63

John F Helliwell

Evaluating Blueprints for the Conduct of International Macro Policy pp. 264-69

David Currie and Simon Wren-Lewis

The Simple Macroeconomics of North-South Interaction pp. 270-76

Thomas Moutos and David Vines

The General Equilibrium Effects of Inflation on Housing Consumption and Investment pp. 277-82

James Berkovec and Don Fullerton

Trade Liberalization in Developing Countries: Do Imperfect Competition and Scale Economies Matter? pp. 283-87

Shantayanan Devarajan and Dani Rodrik

The Economic Impact of the European Community pp. 288-94

Glenn Harrison, Thomas Rutherford and Ian Wooton

The Role of Part-Time Work in Women's Labor Market Choices over Time pp. 295-99

Rebecca Blank

Female Mobility and the Returns to Seniority: Should EEO Policy Be Concerned with Promotion? pp. 300-304

Shulamit Kahn and Harriet Griesinger

Effects of Comparable Worth Policy: Evidence from Washington State pp. 305-09

June O'Neill, Michael Brien and James Cunningham

How the Rich Have Fared, 1973-87 pp. 310-14

Sheldon Danziger, Peter Gottschalk and Eugene Smolensky

Deficit Reduction and Income Redistribution pp. 315-19

Edward Gramlich, Richard Kasten and Frank Sammartino

Inequality among Children and Elderly in Ten Modern Nations: The United States in an International Context pp. 320-24

John Coder, Lee Rainwater and Timothy M Smeeding

Lifetime Incidence and the Distributional Burden of Excise Taxes pp. 325-30

James Poterba

Taxation and Uncertainty pp. 331-36

David S Bizer and Kenneth Judd

Economists in Health Care: Saviors, or Elephants in a Porcelain Shop? pp. 337-42

Uwe E Reinhardt

Health and Long-term Care for the Aged pp. 343-48

Dorothy P Rice

National Health Insurance: A Proposal pp. 349-52

Karen Davis

Multiplicity of Equilibria and Fluctuations in Dynamic Imperfectly Competitive Economies pp. 353-57

Satyajit Chatterjee and Russell Cooper

Labor Contracts in a Model of Imperfect Competition pp. 358-63

Varadarajan Chari, Larry Jones and Rodolfo Manuelli

Toward a Theory of Rigidities pp. 364-69

Bruce Greenwald and Joseph Stiglitz

Macroeconomic Policy and Insider Power pp. 370-76

Assar Lindbeck and Dennis J Snower

A Microeconomic Approach to Macroeconomic Policy pp. 377-81

Mancur Olson

Should Governments Learn to Live with Inflation? pp. 382-87

Stanley Fischer and Lawrence H Summers

Volume 79, issue 1, 1989

Divergences of Measurement and Theory and Some Implications for Economic Policy pp. 1-13

Robert Eisner

Agency Costs, Net Worth, and Business Fluctuations pp. 14-31

Ben Bernanke and Mark Gertler

Cheap Talk and the Fed: A Theory of Imprecise Policy Announcements pp. 32-42

Jeremy C Stein

Sovereign Debt: Is to Forgive to Forget? pp. 43-50

Jeremy Bulow and Kenneth Rogoff

Optimal Contracts with Lock-In pp. 51-68

Joseph Farrell and Carl Shapiro

Inflexible Rules in Incentive Problems pp. 69-84

Tracy Lewis and David Sappington

Trade in Producer Services and in Other Specialized Intermediate Inputs pp. 85-95

James Markusen

Quality Distortion by a Discriminating Monopolist pp. 96-105

Padmanabhan Srinagesh and Ralph Bradburd

Gradual Reforms of Capital Income Taxation pp. 106-24

Peter Howitt and Hans-Werner Sinn

The Efficiency of the Market for Single-Family Homes pp. 125-37

Karl Case and Robert J Shiller

Determining the Impact of Federal Antidiscrimination Policy on the Economic Status of Blacks: A Study of South Carolina pp. 138-77

James J Heckman and Brook S Payner

Is the Test Score Decline Responsible for the Productivity Growth Decline? pp. 178-97

John Hillman Bishop

Price Discrimination by U.S. and German Exporters pp. 198-210

Michael M Knetter

The Behavior of U.S. Tariff Rates pp. 211-18

Grant W Gardner and Kent P Kimbrough

Self-interest, Agency Theory, and Political Voting Behavior: The Ratification of the United States Constitution pp. 219-34

Robert A McGuire and Robert L Ohsfeldt

Taxing to Control Social Costs: The Case of Alcohol pp. 235-43

Thomas F Pogue and Larry G Sgontz

The Effects of Third-Degree Price Discrimination in Oligopoly pp. 244-50

Thomas J Holmes

Technological Stagnation, Tenurial Laws, and Adverse Selection pp. 251-55

Kaushik Basu

On the Measurement and Trend of Inequality: A Reconsideration pp. 256-64

John P Formby, Terry G Seaks and W James Smith

On the Measurement and Trend of Inequality: Reply pp. 265-66

Morton Paglin

Government Size and Economic Growth: A New Framework and Some Evidence from Cross-Section and Time-Series Data: Comment pp. 267-71

Jack L Carr

Government Size and Economic Growth: A New Framework and Some Evidence from Cross-Section and Time-Series Data: Comment pp. 272-80

V V Bhanoji Rao

Government Size and Economic Growth: A New Framework and Some Evidence from Cross-Section and Time-Series Data: Reply pp. 281-84

Rati Ram

Measures of Risk Aversion and Comparative Statics of Industry Equilibrium: Correction pp. 285-86

Yasunori Ishii

Accounting Rates of Return: Comment pp. 287-89

Willem Buijink and Marc Jegers

Accounting Rates of Return: Reply pp. 290-93

Gerald L Salamon