American Economic Review

1969 - 2025

Current editor(s): Esther Duflo

From American Economic Association
Contact information at EDIRC.
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Volume 109, issue 12, 2019

Does Diversity Matter for Health? Experimental Evidence from Oakland pp. 4071-4111

Marcella Alsan, Owen Garrick and Grant Graziani

Predicting and Understanding Initial Play pp. 4112-41

Drew Fudenberg and Annie Liang

The Term Structure of Currency Carry Trade Risk Premia pp. 4142-77

Hanno Lustig, Andreas Stathopoulos and Adrien Verdelhan

The Mortality and Medical Costs of Air Pollution: Evidence from Changes in Wind Direction pp. 4178-4219

Tatyana Deryugina, Garth Heutel, Nolan H. Miller, David Molitor and Julian Reif

Sovereign Debt and Structural Reforms pp. 4220-59

Andreas Müller, Kjetil Storesletten and Fabrizio Zilibotti

Occupations and Import Competition: Evidence from Denmark pp. 4260-4301

Sharon Traiberman

Does Strategic Ability Affect Efficiency? Evidence from Electricity Markets pp. 4302-42

Ali Hortaçsu, Fernando Luco, Steven Puller and Dongni Zhu

Self-Fulfilling Debt Crises: A Quantitative Analysis pp. 4343-77

Luigi Bocola and Alessandro Dovis

The Violent Legacy of Conflict: Evidence on Asylum Seekers, Crime, and Public Policy in Switzerland pp. 4378-4425

Mathieu Couttenier, Veronica Petrencu, Dominic Rohner and Mathias Thoenig

Volume 109, issue 11, 2019

Incentivized Resume Rating: Eliciting Employer Preferences without Deception pp. 3713-44

Judd B. Kessler, Corinne Low and Colin D. Sullivan

The Paradox of Global Thrift pp. 3745-79

Luca Fornaro and Federica Romei

Training and Effort Dynamics in Apprenticeship pp. 3780-3812

Drew Fudenberg and Luis Rayo

Liquidity Sentiments pp. 3813-48

Vladimir Asriyan, William Fuchs and Brett Green

Did Austerity Cause Brexit? pp. 3849-86

Thiemo Fetzer

Monetary Policy, Bounded Rationality, and Incomplete Markets pp. 3887-3928

Emmanuel Farhi and Iván Werning

Strategy Choice in the Infinitely Repeated Prisoner's Dilemma pp. 3929-52

Pedro Dal Bó and Guillaume R. Fréchette

Expecting the Unexpected: Emissions Uncertainty and Environmental Market Design pp. 3953-77

Severin Borenstein, James Bushnell, Frank A. Wolak and Matthew Zaragoza-Watkins

Unity in Diversity? How Intergroup Contact Can Foster Nation Building pp. 3978-4025

Samuel Bazzi, Arya Gaduh, Alexander Rothenberg and Maisy Wong

Market Failure in Kidney Exchange pp. 4026-70

Nikhil Agarwal, Itai Ashlagi, Eduardo Azevedo, Clayton Featherstone and Ömer Karaduman

Volume 109, issue 10, 2019

The Dynamics of Discrimination: Theory and Evidence pp. 3395-3436

Aislinn Bohren, Alex Imas and Michael Rosenberg

Failures in Contingent Reasoning: The Role of Uncertainty pp. 3437-74

Alejandro Martínez-Marquina, Muriel Niederle and Emanuel Vespa

Equilibrium Effects of Firm Subsidies pp. 3475-3513

Martin Rotemberg

Competition and Strategic Incentives in the Market for Credit Ratings: Empirics of the Financial Crisis of 2007 pp. 3514-55

Chenghuan Sean Chu and Marc Rysman

Is Inflation Default? The Role of Information in Debt Crises pp. 3556-84

Marco Bassetto and Carlo Galli

Nominal Wage Rigidity in Village Labor Markets pp. 3585-3616

Supreet Kaur

Firms' Internal Networks and Local Economic Shocks pp. 3617-49

Xavier Giroud and Holger M. Mueller

Quantifying Information and Uncertainty pp. 3650-80

Alexander Frankel and Emir Kamenica

Does Regulatory Jurisdiction Affect the Quality of Investment-Adviser Regulation? pp. 3681-3712

Ben Charoenwong, Alan Kwan and Tarik Umar

Volume 109, issue 9, 2019

Consumers as Tax Auditors pp. 3031-72

Joana Naritomi

Brands in Motion: How Frictions Shape Multinational Production pp. 3073-3124

Keith Head and Thierry Mayer

Bank Networks and Systemic Risk: Evidence from the National Banking Acts pp. 3125-61

Haelim Anderson, Mark Paddrik and Jessie Wang

Family Health Behaviors pp. 3162-91

Itzik Fadlon and Torben Nielsen

Bayesian Identification: A Theory for State-Dependent Utilities pp. 3192-3228

Jay Lu

Slow Moving Debt Crises pp. 3229-63

Guido Lorenzoni and Iván Werning

Bargaining over Babies: Theory, Evidence, and Policy Implications pp. 3264-3306

Matthias Doepke and Fabian Kindermann

Pre-event Trends in the Panel Event-Study Design pp. 3307-38

Simon Freyaldenhoven, Christian Hansen and Jesse Shapiro

How Efficient Is Dynamic Competition? The Case of Price as Investment pp. 3339-64

David Besanko, Ulrich Doraszelski and Yaroslav Kryukov

The Effects of Rent Control Expansion on Tenants, Landlords, and Inequality: Evidence from San Francisco pp. 3365-94

Rebecca Diamond, Tim McQuade and Franklin Qian

Volume 109, issue 8, 2019

Who Pays for the Minimum Wage? pp. 2693-2727

Peter Harasztosi and Attila Lindner

Parents' Beliefs about Their Children's Academic Ability: Implications for Educational Investments pp. 2728-65

Rebecca Dizon-Ross

Identification of and Correction for Publication Bias pp. 2766-94

Isaiah Andrews and Maximilian Kasy

Missing Growth from Creative Destruction pp. 2795-2822

Philippe Aghion, Antonin Bergeaud, Timo Boppart, Peter J. Klenow and Huiyu Li

Crises: Equilibrium Shifts and Large Shocks pp. 2823-54

Stephen Morris and Muhamet Yildiz

Paying for Kidneys? A Randomized Survey and Choice Experiment pp. 2855-88

Julio Elias, Nicola Lacetera and Mario Macis

Does Science Advance One Funeral at a Time? pp. 2889-2920

Pierre Azoulay, Christian Fons-Rosen and Joshua Graff Zivin

Comparing UK Tax Returns of Foreign Multinationals to Matched Domestic Firms pp. 2921-53

Katarzyna Bilicka

Frictions in a Competitive, Regulated Market: Evidence from Taxis pp. 2954-92

Guillaume R. Fréchette, Alessandro Lizzeri and Tobias Salz

Optimal Dynamic Allocation of Attention pp. 2993-3029

Yeon-Koo Che and Konrad Mierendorff

Volume 109, issue 7, 2019

Consumer Spending during Unemployment: Positive and Normative Implications pp. 2383-2424

Peter Ganong and Pascal Noel

Deliberately Stochastic pp. 2425-45

Simone Cerreia-Vioglio, David Dillenberger, Pietro Ortoleva and Gil Riella

Contractual Managerial Incentives with Stock Price Feedback pp. 2446-68

Tse-Chun Lin, Qi Liu and Bo Sun

Capital Accumulation, Private Property, and Rising Inequality in China, 1978–2015 pp. 2469-96

Thomas Piketty, Li Yang and Gabriel Zucman

The Political Legacy of Entertainment TV pp. 2497-2530

Ruben Durante, Paolo Pinotti and Andrea Tesei

The Sources of Capital Misallocation pp. 2531-67

Joel David and Venky Venkateswaran

Incentives and the Supply of Effective Charter Schools pp. 2568-2612

John D. Singleton

Disability Benefits, Consumption Insurance, and Household Labor Supply pp. 2613-54

David Autor, Andreas Kostøl, Magne Mogstad and Bradley Setzler

The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Comment pp. 2655-78

Carsten Jentsch and Kurt Lunsford

The Dynamic Effects of Personal and Corporate Income Tax Changes in the United States: Reply pp. 2679-91

Karel Mertens and Morten Ravn

Volume 109, issue 6, 2019

Climate Change: The Ultimate Challenge for Economics pp. 1991-2014

William Nordhaus

Can We Control Carbon Dioxide? (From 1975) pp. 2015-35

William Nordhaus

A Macroeconomic Model of Price Swings in the Housing Market pp. 2036-72

Carlos Garriga, Rodolfo Manuelli and Adrian Peralta-Alva

Tax Evasion and Inequality pp. 2073-2103

Annette Alstadsæter, Niels Johannesen and Gabriel Zucman

The Effect of House Prices on Household Borrowing: A New Approach pp. 2104-36

James Cloyne, Kilian Huber, Ethan Ilzetzki and Henrik Kleven

Subsidies and Time Discounting in New Technology Adoption: Evidence from Solar Photovoltaic Systems pp. 2137-72

Olivier De Groote and Frank Verboven

Test Design and Minimum Standards pp. 2173-2207

Peter DeMarzo, Ilan Kremer and Andrzej Skrzypacz

Does Incomplete Spanning in International Financial Markets Help to Explain Exchange Rates? pp. 2208-44

Hanno Lustig and Adrien Verdelhan

Tourism and Economic Development: Evidence from Mexico's Coastline pp. 2245-93

Benjamin Faber and Cecile Gaubert

The Impact of Media Censorship: 1984 or Brave New World? pp. 2294-2332

Yuyu Chen and David Yang

Monetary Policy and the Redistribution Channel pp. 2333-67

Adrien Auclert

Volume 109, issue 5, 2019

Wealth Distribution and Social Mobility in the US: A Quantitative Approach pp. 1623-47

Jess Benhabib, Alberto Bisin and Mi Luo

What Drives Differences in Management Practices? pp. 1648-83

Nicholas Bloom, Erik Brynjolfsson, Lucia Foster, Ron Jarmin, Megha Patnaik, Itay Saporta-Eksten and John van Reenen

Incentivizing Better Quality of Care: The Role of Medicaid and Competition in the Nursing Home Industry pp. 1684-1716

Martin B. Hackmann

Payroll Taxes, Firm Behavior, and Rent Sharing: Evidence from a Young Workers' Tax Cut in Sweden pp. 1717-63

Emmanuel Saez, Benjamin Schoefer and David Seim

Religion, Division of Labor, and Conflict: Anti-semitism in Germany over 600 Years pp. 1764-1804

Sascha Becker and Luigi Pascali

Walk on the Wild Side: Temporarily Unstable Paths and Multiplicative Sunspots pp. 1805-42

Guido Ascari, Paolo Bonomolo and Hedibert F. Lopes

Trade, Migration, and Productivity: A Quantitative Analysis of China pp. 1843-72

Trevor Tombe and Xiaodong Zhu

Structural Interpretation of Vector Autoregressions with Incomplete Identification: Revisiting the Role of Oil Supply and Demand Shocks pp. 1873-1910

Christiane Baumeister and James D. Hamilton

Revenue Guarantee Equivalence pp. 1911-29

Dirk Bergemann, Benjamin Brooks and Stephen Morris

Differentiated Durable Goods Monopoly: A Robust Coase Conjecture pp. 1930-68

Francesco Nava and Pasquale Schiraldi

Monetary Policy and Rational Asset Price Bubbles: Comment pp. 1969-90

Jianjun Miao, Zhouxiang Shen and Pengfei Wang

Volume 109, issue 4, 2019

Public Debt and Low Interest Rates pp. 1197-1229

Olivier Blanchard

A Model of Safe Asset Determination pp. 1230-62

Zhiguo He, Arvind Krishnamurthy and Konstantin Milbradt

Vulnerable Growth pp. 1263-89

Tobias Adrian, Nina Boyarchenko and Domenico Giannone

Alcohol and Self-Control: A Field Experiment in India pp. 1290-1322

Frank Schilbach

Selling to Advised Buyers pp. 1323-48

Andrey Malenko and Anton Tsoy

Delegated Expertise, Authority, and Communication pp. 1349-74

Inga Deimen and Dezső Szalay

Large Firm Dynamics and the Business Cycle pp. 1375-1425

Vasco Carvalho and Basile Grassi

Disrupting Education? Experimental Evidence on Technology-Aided Instruction in India pp. 1426-60

Karthik Muralidharan, Abhijeet Singh and Alejandro Ganimian

Targeting with In-Kind Transfers: Evidence from Medicaid Home Care pp. 1461-85

Ethan Lieber and Lee Lockwood

Beyond Truth-Telling: Preference Estimation with Centralized School Choice and College Admissions pp. 1486-1529

Gabrielle Fack, Julien Grenet and Yinghua He

Subsidizing Health Insurance for Low-Income Adults: Evidence from Massachusetts pp. 1530-67

Amy Finkelstein, Nathaniel Hendren and Mark Shepard

(Mis)Allocation, Market Power, and Global Oil Extraction pp. 1568-1615

John Asker, Allan Collard-Wexler and Jan De Loecker

WTO Accession and Performance of Chinese Manufacturing Firms: Corrigendum pp. 1616-21

Loren Brandt, Johannes Van Biesebroeck, Luhang Wang and Yifan Zhang

Volume 109, issue 3, 2019

Beliefs about Gender pp. 739-73

Pedro Bordalo, Katherine Coffman, Nicola Gennaioli and Andrei Shleifer

Familiarity Does Not Breed Contempt: Generosity, Discrimination, and Diversity in Delhi Schools pp. 774-809

Gautam Rao

The Quanto Theory of Exchange Rates pp. 810-43

Lukas Kremens and Ian Martin

How Do Individuals Repay Their Debt? The Balance-Matching Heuristic pp. 844-75

John Gathergood, Neale Mahoney, Neil Stewart and Jörg Weber

Auctions with Limited Commitment pp. 876-910

Qingmin Liu, Konrad Mierendorff, Xianwen Shi and Weijie Zhong

Research and the Approval Process: The Organization of Persuasion pp. 911-55

Emeric Henry and Marco Ottaviani

Quality Overprovision in Cable Television Markets pp. 956-95

Gregory S. Crawford, Oleksandr Shcherbakov and Matthew Shum

Persuasion: The Art of Changing Worldviews pp. 996-1031

Simone Galperti

The Arrival of Fast Internet and Employment in Africa pp. 1032-79

Jonas Hjort and Jonas Poulsen

Does Helping John Help Sue? Evidence of Spillovers in Education pp. 1080-1115

Isaac M. Opper

Does Household Finance Matter? Small Financial Errors with Large Social Costs pp. 1116-54

Harjoat Bhamra and Raman Uppal

The Human Capital Stock: A Generalized Approach: Comment pp. 1155-74

Francesco Caselli and Antonio Ciccone

The Human Capital Stock: A Generalized Approach: Reply pp. 1175-95

Benjamin Jones

Volume 109, issue 2, 2019

When Britain Turned Inward: The Impact of Interwar British Protection pp. 325-52

Alan de Bromhead, Alan Fernihough, Markus Lampe and Kevin O'Rourke

The Taxing Deed of Globalization pp. 353-90

Peter Egger, Sergey Nigai and Nora Strecker

Drilling Like There's No Tomorrow: Bankruptcy, Insurance, and Environmental Risk pp. 391-426

Judson Boomhower

Recovery from the Great Depression: The Farm Channel in Spring 1933 pp. 427-72

Joshua K. Hausman, Paul Rhode and Johannes Wieland

Equilibrium Provider Networks: Bargaining and Exclusion in Health Care Markets pp. 473-522

Kate Ho and Robin Lee

Demand and Supply of Infrequent Payments as a Commitment Device: Evidence from Kenya pp. 523-55

Lorenzo Casaburi and Rocco Macchiavello

The Social Value of Financial Expertise pp. 556-90

Pablo Kurlat

Learning to Coordinate: A Study in Retail Gasoline pp. 591-619

David Byrne and Nicolas de Roos

Fairness and Frictions: The Impact of Unequal Raises on Quit Behavior pp. 620-63

Arindrajit Dube, Laura Giuliano and Jonathan Leonard

Financing Durable Assets pp. 664-701

Adriano Rampini

Optimal Trend Inflation pp. 702-37

Klaus Adam and Henning Weber

Volume 109, issue 1, 2019

Elite Colleges and Upward Mobility to Top Jobs and Top Incomes pp. 1-47

Seth Zimmerman

Some Causal Effects of an Industrial Policy pp. 48-85

Chiara Criscuolo, Ralf Martin, Henry Overman and John van Reenen

Are Low Interest Rates Deflationary? A Paradox of Perfect-Foresight Analysis pp. 86-120

Mariana García-Schmidt and Michael Woodford

The Long-Term Effects of Management and Technology Transfers pp. 121-52

Michela Giorcelli

A Spatial Knowledge Economy pp. 153-70

Donald R. Davis and Jonathan Dingel

An Economic Analysis of Privacy Protection and Statistical Accuracy as Social Choices pp. 171-202

John Abowd and Ian M. Schmutte

How Do Patents Affect Follow-On Innovation? Evidence from the Human Genome pp. 203-36

Bhaven Sampat and Heidi Williams

Making Moves Matter: Experimental Evidence on Incentivizing Bureaucrats through Performance-Based Postings pp. 237-70

Adnan Q. Khan, Asim Ijaz Khwaja and Benjamin Olken

Optimal Regulation of Financial Intermediaries pp. 271-313

Sebastian Di Tella

The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications: Reply pp. 314-24

Olivier Coibion, Yuriy Gorodnichenko and Gee Hee Hong