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 106, issue 12, 2016

Efficient Bailouts? pp. 3607-59

Javier Bianchi

Breakthroughs, Deadlines, and Self-Reported Progress: Contracting for Multistage Projects pp. 3660-99

Brett Green and Curtis R. Taylor

Are There Environmental Benefits from Driving Electric Vehicles? The Importance of Local Factors pp. 3700-3729

Stephen P. Holland, Erin Mansur, Nicholas Muller and Andrew Yates

The Determinants of Productivity in Medical Testing: Intensity and Allocation of Care pp. 3730-64

Jason Abaluck, Leila Agha, Chris Kabrhel, Ali Raja and Arjun Venkatesh

Quality and Accountability in Health Care Delivery: Audit-Study Evidence from Primary Care in India pp. 3765-99

Jishnu Das, Alaka Holla, Aakash Mohpal and Karthik Muralidharan

Sticky Leverage pp. 3800-3828

João Gomes, Urban Jermann and Lukas Schmid

Understanding the Gains from Wage Flexibility: The Exchange Rate Connection pp. 3829-68

Jordi Galí and Tommaso Monacelli

Creative Destruction and Subjective Well-Being pp. 3869-97

Philippe Aghion, Ufuk Akcigit, Angus Deaton and Alexandra Roulet

Income-Induced Expenditure Switching pp. 3898-3931

Rudolfs Bems and Julian di Giovanni

Choice Inconsistencies among the Elderly: Evidence from Plan Choice in the Medicare Part D Program: Comment pp. 3932-61

Jonathan Ketcham, Nicolai Kuminoff and Christopher A. Powers

Choice Inconsistencies among the Elderly: Evidence from Plan Choice in the Medicare Part D Program: Reply pp. 3962-87

Jason Abaluck and Jonathan Gruber

Volume 106, issue 11, 2016

Dynamic Procurement under Uncertainty: Optimal Design and Implications for Incomplete Contracts pp. 3238-74

Malin Arve and David Martimort

Intertemporal Price Discrimination: Dynamic Arrivals and Changing Values pp. 3275-99

Daniel Garrett

Does Welfare Inhibit Success? The Long-Term Effects of Removing Low-Income Youth from the Disability Rolls pp. 3300-3330

ManasI Deshpande

Taxing Top CEO Incomes pp. 3331-66

Laurence Ales and Christopher Sleet

Leverage and Beliefs: Personal Experience and Risk-Taking in Margin Lending pp. 3367-3400

Peter Koudijs and Hans-Joachim Voth

Trade and the Global Recession pp. 3401-38

Jonathan Eaton, Samuel Kortum, Brent Neiman and John Romalis

Firm Size Distortions and the Productivity Distribution: Evidence from France pp. 3439-79

Luis Garicano, Claire Lelarge and John van Reenen

Medicaid Insurance in Old Age pp. 3480-3520

Mariacristina De Nardi, Eric French and John Jones

Free to Choose? Reform, Choice, and Consideration Sets in the English National Health Service pp. 3521-57

Martin Gaynor, Carol Propper and Stephan Seiler

The Berlin Stock Exchange in Imperial Germany: A Market for New Technology? pp. 3558-76

Sibylle Lehmann-Hasemeyer and Jochen Streb

Endogenous Entry to Security-Bid Auctions pp. 3577-89

Takeharu Sogo, Dan Bernhardt and Tingjun Liu

Persuading Voters pp. 3590-3605

Ricardo Alonso and Odilon Câmara

Volume 106, issue 10, 2016

Can Tracking Raise the Test Scores of High-Ability Minority Students? pp. 2783-2816

David Card and Laura Giuliano

The Real Effects of Monetary Shocks in Sticky Price Models: A Sufficient Statistic Approach pp. 2817-51

Fernando Alvarez, Hervé Le Bihan and Francesco Lippi

Adverse Selection and Auction Design for Internet Display Advertising pp. 2852-66

Nick Arnosti, Marissa Beck and Paul Milgrom

How Much Energy Do Building Energy Codes Save? Evidence from California Houses pp. 2867-94

Arik Levinson

Building State Capacity: Evidence from Biometric Smartcards in India pp. 2895-2929

Karthik Muralidharan, Paul Niehaus and Sandip Sukhtankar

Taxation and the International Mobility of Inventors pp. 2930-81

Ufuk Akcigit, Salome Baslandze and Stefanie Stantcheva

Regional Redistribution through the US Mortgage Market pp. 2982-3028

Erik Hurst, Benjamin Keys, Amit Seru and Joseph Vavra

Corruption, Trade Costs, and Gains from Tariff Liberalization: Evidence from Southern Africa pp. 3029-63

Sandra Sequeira

The Agricultural Origins of Time Preference pp. 3064-3103

Oded Galor and Ömer Özak

Managerial Attention and Worker Performance pp. 3104-32

Marina Halac and Andrea Prat

The Power of Forward Guidance Revisited pp. 3133-58

Alisdair McKay, Emi Nakamura and Jón Steinsson

Trade, Domestic Frictions, and Scale Effects pp. 3159-84

Natalia Ramondo, Andres Rodriguez-Clare and Milagro Saborío-Rodríguez

On the Timing and Pricing of Dividends: Comment pp. 3185-3223

Florian Schulz

On the Timing and Pricing of Dividends: Reply pp. 3224-37

Jules van Binsbergen and Ralph S. J. Koijen

Volume 106, issue 9, 2016

Robust Social Decisions pp. 2407-25

Eric Danan, Thibault Gajdos, Brian Hill and Jean-Marc Tallon

Beyond GDP? Welfare across Countries and Time pp. 2426-57

Charles Jones and Pete Klenow

Bailouts, Time Inconsistency, and Optimal Regulation: A Macroeconomic View pp. 2458-93

Varadarajan Chari and Patrick Kehoe

Long-Run Risk Is the Worst-Case Scenario pp. 2494-2527

Rhys Bidder and Ian Dew-Becker

Properties of the Combinatorial Clock Auction pp. 2528-51

Jonathan Levin and Andrzej Skrzypacz

Timing Decisions in Organizations: Communication and Authority in a Dynamic Environment pp. 2552-81

Steven R. Grenadier, Andrey Malenko and Nadya Malenko

Who Benefits from State Corporate Tax Cuts? A Local Labor Markets Approach with Heterogeneous Firms pp. 2582-2624

Juan Carlos Suárez Serrato and Owen Zidar

Runs on Money Market Mutual Funds pp. 2625-57

Lawrence Schmidt, Allan Timmermann and Russell Wermers

Skill Transferability, Migration, and Development: Evidence from Population Resettlement in Indonesia pp. 2658-98

Samuel Bazzi, Arya Gaduh, Alexander Rothenberg and Maisy Wong

Asymmetric Information and Intermediation Chains pp. 2699-2721

Vincent Glode and Christian Opp

How to Count Citations If You Must pp. 2722-41

Motty Perry and Philip Reny

The Allocation of Future Business: Dynamic Relational Contracts with Multiple Agents pp. 2742-59

Isaiah Andrews and Daniel Barron

A Behavioral Analysis of Stochastic Reference Dependence pp. 2760-82

Yusufcan Masatlioglu and Collin Raymond

Volume 106, issue 8, 2016

Dynamic Delegation of Experimentation pp. 1969-2008

Yingni Guo

Marijuana on Main Street? Estimating Demand in Markets with Limited Access pp. 2009-45

Liana Jacobi and Michelle Sovinsky

Endogenous Skill Acquisition and Export Manufacturing in Mexico pp. 2046-85

David Atkin

The Realization Effect: Risk-Taking after Realized versus Paper Losses pp. 2086-2109

Alex Imas

Health Care Exceptionalism? Performance and Allocation in the US Health Care Sector pp. 2110-44

Amitabh Chandra, Amy Finkelstein, Adam Sacarny and Chad Syverson

Evolving Choice Inconsistencies in Choice of Prescription Drug Insurance pp. 2145-84

Jason Abaluck and Jonathan Gruber

Effects of Deregulation and Consolidation of the Broadcast Television Industry pp. 2185-2218

Jessica Calfee Stahl

Macroeconomic Effects of Bankruptcy and Foreclosure Policies pp. 2219-55

Kurt Mitman

Financial Intermediation, Investment Dynamics, and Business Cycle Fluctuations pp. 2256-2303

Andrea Ajello

Capital Taxation under Political Constraints pp. 2304-28

Florian Scheuer and Alexander Wolitzky

Ostracism and Forgiveness pp. 2329-48

S. Nageeb Ali and David Miller

Moderating Political Extremism: Single Round versus Runoff Elections under Plurality Rule pp. 2349-70

Massimo Bordignon, Tommaso Nannicini and Guido Tabellini

Monitoring Corruptible Politicians pp. 2371-2405

Gustavo Bobonis, Luis R. Cámara Fuertes and Rainer Schwabe

Volume 106, issue 7, 2016

Behavioral Economics: Past, Present, and Future pp. 1577-1600

Richard Thaler

Perceiving Prospects Properly pp. 1601-31

Jakub Steiner and Colin Stewart

The Surprisingly Swift Decline of US Manufacturing Employment pp. 1632-62

Justin Pierce and Peter K. Schott

Network Structure and the Aggregation of Information: Theory and Evidence from Indonesia pp. 1663-1704

Vivi Alatas, Abhijit Banerjee, Arun G. Chandrasekhar, Rema Hanna and Benjamin Olken

CoVaR pp. 1705-41

Tobias Adrian and Markus Brunnermeier

Interest Rates and Equity Extraction during the Housing Boom pp. 1742-74

Neil Bhutta and Benjamin Keys

Experiments on Decisions under Uncertainty: A Theoretical Framework pp. 1775-1801

Eran Shmaya and Leeat Yariv

The Long-Run Effects of the Scramble for Africa pp. 1802-48

Stelios Michalopoulos and Elias Papaioannou

Discounts as a Barrier to Entry pp. 1849-77

Enrique Ide, Juan-Pablo Montero and Nicolás Figueroa

Charters without Lotteries: Testing Takeovers in New Orleans and Boston pp. 1878-1920

Atila Abdulkadiroğlu, Joshua Angrist, Peter Hull and Parag Pathak

Sequential Markets, Market Power, and Arbitrage pp. 1921-57

Koichiro Ito and Mar Reguant

Tracing Value-Added and Double Counting in Gross Exports: Comment pp. 1958-66

Bart Los, Marcel Timmer and Gaaitzen de Vries

Volume 106, issue 6, 2016

Measuring and Understanding Behavior, Welfare, and Poverty pp. 1221-43

Angus Deaton

Do Schools Matter for High Math Achievement? Evidence from the American Mathematics Competitions pp. 1244-77

Glenn Ellison and Ashley Swanson

Too-Systemic-to-Fail: What Option Markets Imply about Sector-Wide Government Guarantees pp. 1278-1319

Bryan Kelly, Hanno Lustig and Stijn Van Nieuwerburgh

Agricultural Productivity and Structural Transformation: Evidence from Brazil pp. 1320-65

Paula Bustos, Bruno Caprettini and Jacopo Ponticelli

The Demand for Energy-Using Assets among the World's Rising Middle Classes pp. 1366-1401

Paul Gertler, Orie Shelef, Catherine D. Wolfram and Alan Fuchs

Domestic Value Added in Exports: Theory and Firm Evidence from China pp. 1402-36

Hiau Looi Kee and Heiwai Tang

Attention Discrimination: Theory and Field Experiments with Monitoring Information Acquisition pp. 1437-75

Vojtěch Bartoš, Michal Bauer, Julie Chytilová and Filip Matejka

Measuring Discounting without Measuring Utility pp. 1476-94

Arthur Attema, Han Bleichrodt, Yu Gao, Zhenxing Huang and Peter Wakker

Does Affirmative Action Work? Caste, Gender, College Quality, and Academic Success in India pp. 1495-1521

Surendrakumar Bagde, Dennis Epple and Lowell Taylor

Rational Inattention and Organizational Focus pp. 1522-36

Wouter Dessein, Andrea Galeotti and Tano Santos

Technological Innovations, Downside Risk, and the Modernization of Agriculture pp. 1537-61

Kyle Emerick, Alain de Janvry, Elisabeth Sadoulet and Manzoor H. Dar

Optimal Expectations and Limited Medical Testing: Evidence from Huntington Disease: Corrigendum pp. 1562-65

Emily Oster, Ira Shoulson and E. Ray Dorsey

Volume 106, issue 5, 2016

Foreword pp. xi-xii

Robert J. Shiller

Editors' Introduction pp. xiii-

William Johnson and Kelly Markel

Restoring Rational Choice: The Challenge of Consumer Financial Regulation pp. 1-30

John Campbell

The Phillips Curve: Back to the '60s? pp. 31-34

Olivier Blanchard

Dealing with Long-Term Deficits pp. 35-38

Martin Feldstein

Monetary Policy, Financial Stability, and the Zero Lower Bound pp. 39-42

Stanley Fischer

How to Restore Equitable and Sustainable Economic Growth in the United States pp. 43-47

Joseph Stiglitz

Can We Restart the Recovery All Over Again? pp. 48-51

John Taylor

A Century of Growth and Improvement pp. 52-56

Benjamin M. Friedman

The Rise and Fall of American Growth: Exploring the Numbers pp. 57-60

Nicholas Crafts

State Capacity and American Technology: Evidence from the Nineteenth Century pp. 61-67

Daron Acemoglu, Jacob Moscona and James Robinson

Winter Is Coming: Robert Gordon and the Future of Economic Growth pp. 68-71

Gregory Clark

Perspectives on The Rise and Fall of American Growth pp. 72-76

Robert J. Gordon

Infrastructure, Incentives, and Institutions pp. 77-82

Nava Ashraf, Edward L. Glaeser and Giacomo Ponzetto

Guns, Latrines, and Land Reform: Dynamic Pigouvian Taxation pp. 83-88

Michael Kremer and Jack Willis

Appliance Ownership and Aspirations among Electric Grid and Home Solar Households in Rural Kenya pp. 89-94

Kenneth Lee, Edward Miguel and Catherine Wolfram

Firm-Level Dispersion in Productivity: Is the Devil in the Details? pp. 95-98

Lucia Foster, Cheryl Grim, John Haltiwanger and Zoltán Wolf

Productivity Dispersion in Medicine and Manufacturing pp. 99-103

Amitabh Chandra, Amy Finkelstein, Adam Sacarny and Chad Syverson

Market Regulations, Prices, and Productivity pp. 104-08

Gilbert Cette, Jimmy Lopez and Jacques Mairesse

Regulation, Institutions, and Productivity: New Macroeconomic Evidence from OECD Countries pp. 109-13

Balázs Égert

Crowdsourcing City Government: Using Tournaments to Improve Inspection Accuracy pp. 114-18

Edward L. Glaeser, Andrew Hillis, Scott Kominers and Michael Luca

Personalized Risk Assessments in the Criminal Justice System pp. 119-23

Sharad Goel, Justin M. Rao and Ravi Shroff

Productivity and Selection of Human Capital with Machine Learning pp. 124-27

Aaron Chalfin, Oren Danieli, Andrew Hillis, Zubin Jelveh, Michael Luca, Jens Ludwig and Sendhil Mullainathan

Cities Are Physical Too: Using Computer Vision to Measure the Quality and Impact of Urban Appearance pp. 128-32

Nikhil Naik, Ramesh Raskar and César A. Hidalgo

The Rapid Adoption of Data-Driven Decision-Making pp. 133-39

Erik Brynjolfsson and Kristina McElheran

Copyright Infringement in the Market for Digital Images pp. 140-45

Hong Luo and Julie Mortimer

Agglomeration of Invention in the Bay Area: Not Just ICT pp. 146-51

Chris Forman, Avi Goldfarb and Shane Greenstein

International Data on Measuring Management Practices pp. 152-56

Nicholas Bloom, Renata Lemos, Raffaella Sadun, Daniela Scur and John van Reenen

Making Private Data Accessible in an Opaque Industry: The Experience of the Private Capital Research Institute pp. 157-60

Leslie Jeng and Josh Lerner

Modernizing Federal Economic Statistics pp. 161-64

William G. Bostic, Ron Jarmin and Brian Moyer

Battling over Jobs: Occupational Licensing in Health Care pp. 165-70

Morris M. Kleiner

Should the US Eliminate Entry Barriers to the Practice of Law? Perspectives Shaped by Industry Deregulation pp. 171-76

Clifford Winston and Quentin Karpilow

Disruptive Change in the Taxi Business: The Case of Uber pp. 177-82

Judd Cramer and Alan Krueger

Patents and Research Investments: Assessing the Empirical Evidence pp. 183-87

Eric Budish, Benjamin N. Roin and Heidi Williams

Patent Licensing, Technology Transfer, and Innovation pp. 188-92

Mark A. Lemley and Robin Feldman

Patent Quality and Examination in Europe pp. 193-97

Dietmar Harhoff

Patent Remedies pp. 198-202

Carl Shapiro

Declining Business Dynamism: What We Know and the Way Forward pp. 203-07

Ryan Decker, John Haltiwanger, Ron Jarmin and Javier Miranda

Wage Posting and Business Cycles pp. 208-13

Giuseppe Moscarini and Fabien Postel-Vinay

Firm Entry and Macroeconomic Dynamics: A State-Level Analysis pp. 214-18

Francois Gourio, Todd Messer and Michael Siemer

The Role of Startups in Structural Transformation pp. 219-23

Robert C. Dent, Fatih Karahan, Benjamin Pugsley and Ayşegül Şahin

Popular Attitudes toward Markets and Democracy: Russia and United States Compared 25 Years Later pp. 224-29

Maxim Boycko and Robert J. Shiller

War, Inflation, and Social Capital pp. 230-35

Sergei Guriev and Nikita Melnikov

Russia's Billionaires pp. 236-41

Daniel Treisman

Paid Parental Leave Laws in the United States: Does Short-Duration Leave Affect Women's Labor-Force Attachment? pp. 242-46

Tanya Byker

Has the Increased Attachment of Women to the Labor Market Changed a Family's Ability to Smooth Income Shocks? pp. 247-51

Olga Gorbachev

Evolution of the Marriage Earnings Gap for Women pp. 252-56

Chinhui Juhn and Kristin McCue

The Math Gender Gap: The Role of Culture pp. 257-61

Natalia Nollenberger, Núria Rodriguez-Planas and Almudena Sevilla

Does the Market Value CEO Styles? pp. 262-66

Antoinette Schoar and Luo Zuo

Gender Diversity on Corporate Boards: Do Women Contribute Unique Skills? pp. 267-71

Daehyun Kim and Laura T. Starks

Playing the Boys Game: Golf Buddies and Board Diversity pp. 272-76

Sumit Agarwal, Wenlan Qian, David M. Reeb and Tien Foo Sing

Women on Boards in Finance and STEM Industries pp. 277-81

Renee Adams and Tom Kirchmaier

Childhood Environment and Gender Gaps in Adulthood pp. 282-88

Raj Chetty, Nathaniel Hendren, Frina Lin, Jeremy Majerovitz and Benjamin Scuderi

School Quality and the Gender Gap in Educational Achievement pp. 289-95

David Autor, David Figlio, Krzysztof Karbownik, Jeffrey Roth and Melanie Wasserman

What Explains the Gender Gap in College Track Dropout? Experimental and Administrative Evidence pp. 296-302

Ingvild Almås, Alexander Cappelen, Kjell G Salvanes, Erik Sørensen and Bertil Tungodden

Experimental Age Discrimination Evidence and the Heckman Critique pp. 303-08

David Neumark, Ian Burn and Patrick Button

The Power of Eye Tracking in Economics Experiments pp. 309-13

Joanna Lahey and Douglas Oxley

Determinants of Callbacks to Job Applications: An Audit Study pp. 314-18

Henry S. Farber, Dan Silverman and Till von Wachter

Supply and Demand for Discrimination: Strategic Revelation of Own Characteristics in a Trust Game pp. 319-23

Anthony Heyes and John List

Student Loan Information Provision and Academic Choices pp. 324-28

Maximilian Schmeiser, Christiana Stoddard and Carly Urban

Birth Timing and Neonatal Health pp. 329-32

Cristina Borra, Libertad Gonzalez and Almudena Sevilla

STEM Training and Early Career Outcomes of Female and Male Graduate Students: Evidence from UMETRICS Data Linked to the 2010 Census pp. 333-38

Catherine Buffington, Benjamin Cerf, Christina Jones and Bruce Weinberg

Medicare Part D and Portfolio Choice pp. 339-42

Padmaja Ayyagari and Daifeng He

Coordinated Admissions Program pp. 343-47

Rodney J. Andrews

Can Admissions Percent Plans Lead to Better Collegiate Fit for Minority Students? pp. 348-54

Kalena E. Cortes and Jane Arnold Lincove

Religious Workers' Density and the Racial Earnings Gap pp. 355-59

Fernando Lozano and Jessica Shiwen Cheng

Does the EITC Buffer against Neighborhood Transition? Evidence from Washington, DC pp. 360-62

LaTanya Brown-Robertson, Marcus Casey, Bradley Hardy and Daniel Muhammad

Classroom Experiments: Is More More? pp. 363-67

Tisha L. N. Emerson and Linda English

Measuring the Effect of Blended Learning: Evidence from a Selective Liberal Arts College pp. 368-72

Aaron Swoboda and Lauren Feiler

The Impact of Challenge Quizzes on Student Knowledge pp. 373-77

KimMarie McGoldrick and Peter W. Schuhmann

A Randomized Assessment of Online Learning pp. 378-82

William Alpert, Kenneth Couch and Oskar R. Harmon

Sources of Inefficiency in Healthcare and Education pp. 383-87

Amitabh Chandra and Douglas Staiger

Interpreting Tests of School VAM Validity pp. 388-92

Joshua Angrist, Peter Hull, Parag Pathak and Christopher Walters

Using Lagged Outcomes to Evaluate Bias in Value-Added Models pp. 393-99

Raj Chetty, John Friedman and Jonah Rockoff

Fixed Effects, Invariance, and Spatial Variation in Intergenerational Mobility pp. 400-404

Gary Chamberlain

Identity Economics 2016: Where Do Social Distinctions and Norms Come From? pp. 405-09

Rachel E. Kranton

Identity-Based Organizations pp. 410-14

Jean-Paul Carvalho

"We Thinking" and Its Consequences pp. 415-19

Robert Akerlof

Identity-Driven Cooperation versus Competition pp. 420-24

Dennis J. Snower and Steven Bosworth

Option Awareness: The Psychology of What We Consider pp. 425-29

Anuj K. Shah and Jens Ludwig

Beyond Beta-Delta: The Emerging Economics of Personal Plans pp. 430-34

John Beshears, Katherine Milkman and Joshua Schwartzstein

The Psychological Lives of the Poor pp. 435-40

Frank Schilbach, Heather Schofield and Sendhil Mullainathan

Refugees, Asylum Seekers, and Policy in OECD Countries pp. 441-45

Timothy J. Hatton

Rethinking Protection of Those Displaced by Humanitarian Crises pp. 446-50

Susan F. Martin

Toward an International Migration Regime pp. 451-55

Jeffrey D. Sachs

The Economic Impact of Syrian Refugees on Host Countries: Quasi-experimental Evidence from Turkey pp. 456-60

Semih Tumen

Converging to American: Healthy Immigrant Effect in Children of Immigrants pp. 461-66

Mónica García-Pérez

Ethnic Attrition and the Observed Health of Later-Generation Mexican Americans pp. 467-71

Francisca Antman, Brian Duncan and Stephen Trejo

HIV/AIDS and Development: A Reappraisal of the Productivity and Factor Accumulation Effects pp. 472-77

Théophile T. Azomahou, Raouf Boucekkine and Bity Diene

LEP Language Disability, Immigration Reform, and English-Language Acquisition pp. 478-83

Alberto Dávila and Marie T. Mora

On the Optimal Inflation Rate pp. 484-89

Markus Brunnermeier and Yuliy Sannikov

Sooner or Later: Timing of Monetary Policy with Heterogeneous Risk-Taking pp. 490-95

Dong Beom Choi, Thomas Eisenbach and Tanju Yorulmazer

Money and Asset Liquidity in Frictional Capital Markets pp. 496-502

Wei Cui and Sören Radde

Secular Stagnation in the Open Economy pp. 503-07

Gauti Eggertsson, Neil R. Mehrotra and Lawrence H. Summers

The Sovereign-Bank Diabolic Loop and ESBies pp. 508-12

Markus Brunnermeier, Luis Garicano, Philip Lane, Marco Pagano, Ricardo Reis, Tano Santos, David Thesmar, Stijn Van Nieuwerburgh and Dimitri Vayanos

Safe Asset Scarcity and Aggregate Demand pp. 513-18

Ricardo Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas

What Makes US Government Bonds Safe Assets? pp. 519-23

Zhiguo He, Arvind Krishnamurthy and Konstantin Milbradt

Crises and the Development of Economic Institutions: Some Microeconomic Evidence pp. 524-27

Raghuram Rajan and Rodney Ramcharan

Too Big to Fail before the Fed pp. 528-32

Gary Gorton and Ellis Tallman

Interbank Markets and Banking Crises: New Evidence on the Establishment and Impact of the Federal Reserve pp. 533-37

Mark Carlson and David Wheelock

Bank Leverage and Regulatory Regimes: Evidence from the Great Depression and Great Recession pp. 538-42

Christoffer Koch, Gary Richardson and Patrick Van Horn

A Simple Model of Subprime Borrowers and Credit Growth pp. 543-47

Alejandro Justiniano, Giorgio Primiceri and Andrea Tambalotti

Debt Constraints and the Labor Wedge pp. 548-53

Patrick Kehoe, Virgiliu Midrigan and Elena Pastorino

Anticipated Banking Panics pp. 554-59

Mark Gertler, Nobuhiro Kiyotaki and Andrea Prestipino

Bank Leverage and Social Welfare pp. 560-64

Lawrence Christiano and Daisuke Ikeda

Capital Flows: Expansionary or Contractionary? pp. 565-69

Olivier Blanchard, Jonathan Ostry, Atish Ghosh and Marcos Chamon

The Macroprudential Role of International Reserves pp. 570-73

Olivier Jeanne

Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015 pp. 574-80

Carmen Reinhart, Vincent Reinhart and Christoph Trebesch

When Do Capital Inflow Surges End in Tears? pp. 581-85

Atish Ghosh, Jonathan Ostry and Mahvash Qureshi

Information Design, Bayesian Persuasion, and Bayes Correlated Equilibrium pp. 586-91

Dirk Bergemann and Stephen Morris

Bayesian Persuasion in Coordination Games pp. 592-96

Itay Goldstein and Chong Huang

A Rothschild-Stiglitz Approach to Bayesian Persuasion pp. 597-601

Matthew Gentzkow and Emir Kamenica

Shutting Down the Thermohaline Circulation pp. 602-06

David Anthoff, Francisco Estrada and Richard Tol

A Potential Disintegration of the West Antarctic Ice Sheet: Implications for Economic Analyses of Climate Policy pp. 607-11

Delavane Diaz and Klaus Keller

The Ecosystem Impacts of Severe Warming pp. 612-14

Robert Mendelsohn, Iain C. Prentice, Oswald Schmitz, Benjamin Stocker, Robert Buchkowski and Benjamin Dawson

Economic Effects of an Ocean Acidification Catastrophe pp. 615-19

Stephen G. Colt and Gunnar P. Knapp

How Mortgage Finance Reform Could Affect Housing pp. 620-24

John Duca, John Muellbauer and Anthony Murphy

Borrowing Constraints and Homeownership pp. 625-29

Arthur Acolin, Jesse Bricker, Paul Calem and Susan Wachter

A Lost Generation? Education Decisions and Employment Outcomes during the US Housing Boom-Bust Cycle of the 2000s pp. 630-35

Luc Laeven and Alexander Popov

To Buy or Not to Buy: Consumer Constraints in the Housing Market pp. 636-40

Andreas Fuster and Basit Zafar

Estimating Top Income and Wealth Shares: Sensitivity to Data and Methods pp. 641-45

Jesse Bricker, Alice Henriques, Jacob Krimmel and John Sabelhaus

Estimating the Top Tail of the Wealth Distribution pp. 646-50

Philip Vermeulen

Heterogeneity in Returns to Wealth and the Measurement of Wealth Inequality pp. 651-55

Andreas Fagereng, Luigi Guiso, Davide Malacrino and Luigi Pistaferri

The Role of Bequests in Shaping Wealth Inequality: Evidence from Danish Wealth Records pp. 656-61

Simon Boserup, Wojciech Kopczuk and Claus Kreiner

Revenue and Incentive Effects of Basis Step-Up at Death: Lessons from the 2010 "Voluntary" Estate Tax Regime pp. 662-67

Robert Gordon, David Joulfaian and James Poterba

Minutes of the Annual Business Meeting: San Francisco, CA, January 3, 2016 pp. 671-

Peter Rousseau

Report of the Secretary pp. 672-75

Peter Rousseau

Report of the Treasurer pp. 676-79

Peter Rousseau

American Economic Association Universal Academic Questionnaire Summary Statistics pp. 680-82

Charles E. Scott and John Siegfried

List of Online Reports pp. 683-

Peter Rousseau

Minutes of the Meeting of the Executive Committee: Chicago, IL, April 24, 2015 pp. 685-90

Peter Rousseau

Minutes of the Meeting of the Executive Committee: San Francisco, CA, January 2, 2016 pp. 691-99

Peter Rousseau

Report of the Editor: American Economic Review pp. 700-712

Pinelopi Goldberg

Report of the Editor: Journal of Economic Literature pp. 713-15

Steven Durlauf

Report of the Editor: Journal of Economic Perspectives pp. 716-18

Enrico Moretti

Report of the Editor: American Economic Journal: Applied Economics pp. 719-25

Esther Duflo

Report of the Editor: American Economic Journal: Economic Policy pp. 726-30

Matthew D. Shapiro

Report of the Editor: American Economic Journal: Macroeconomics pp. 731-35

Richard Rogerson

Report of the Editor: American Economic Journal: Microeconomics pp. 736-39

Andrew Postlewaite

Report of the Director: Job Openings for Economists pp. 740-42

John Siegfried

Report: Committee on Economic Education pp. 743-49

Sam Allgood

Report: Committee on the Status of Women in the Economics Profession (CSWEP) pp. 750-73

Marjorie B. McElroy

Report: Committee on the Status of Minority Groups in the Economics Profession (CSMGEP) pp. 774-87

Cecilia Rouse and Gary Hoover

Report: American Economic Association Committee on Statistics (AEAStat) pp. 788-93

Robert Moffitt

Report: Committee on Government Relations pp. 794-96

Jonathan Skinner

Volume 106, issue 4, 2016

The Effects of Exposure to Better Neighborhoods on Children: New Evidence from the Moving to Opportunity Experiment pp. 855-902

Raj Chetty, Nathaniel Hendren and Lawrence Katz

Long-Run Impacts of Childhood Access to the Safety Net pp. 903-34

Hilary Hoynes, Diane Schanzenbach and Douglas Almond

The Long-Run Impact of Cash Transfers to Poor Families pp. 935-71

Anna Aizer, Shari Eli, Joseph Ferrie and Adriana Lleras-Muney

Bounding the Labor Supply Responses to a Randomized Welfare Experiment: A Revealed Preference Approach pp. 972-1014

Patrick Kline and Melissa Tartari

Presidents and the US Economy: An Econometric Exploration pp. 1015-45

Alan Blinder and Mark Watson

The Evolution of Strategic Sophistication pp. 1046-72

Nikolaus Robalino and Arthur Robson

Group Strategy-Proofness in Private Good Economies pp. 1073-99

Salvador Barberà, Dolors Berga and Bernardo Moreno

Fiscal Policy and Economic Recovery: The Case of the 1936 Veterans' Bonus pp. 1100-1143

Joshua K. Hausman

The Caloric Costs of Culture: Evidence from Indian Migrants pp. 1144-81

David Atkin

The Bidder's Curse: Comment pp. 1182-94

Henry S. Schneider

The Bidder's Curse: Reply pp. 1195-1213

Ulrike Malmendier

Search, Liquidity, and the Dynamics of House Prices and Construction: Corrigendum pp. 1214-19

Allen Head, Huw Lloyd-Ellis and Hongfei Sun

Volume 106, issue 3, 2016

The Determinants and Welfare Implications of US Workers' Diverging Location Choices by Skill: 1980-2000 pp. 479-524

Rebecca Diamond

University Differences in the Graduation of Minorities in STEM Fields: Evidence from California pp. 525-62

Peter Arcidiacono, Esteban Aucejo and V. Joseph Hotz

Search Design and Broad Matching pp. 563-86

Kfir Eliaz and Ran Spiegler

How Do Electricity Shortages Affect Industry? Evidence from India pp. 587-624

Hunt Allcott, Allan Collard-Wexler and Stephen O'Connell

Firm Dynamics, Job Turnover, and Wage Distributions in an Open Economy pp. 625-63

A. Kerem Co?ar, Nezih Guner and James Tybout

Parameter Learning in General Equilibrium: The Asset Pricing Implications pp. 664-98

Pierre Collin-Dufresne, Michael Johannes and Lars A. Lochstoer

Liquidity Trap and Excessive Leverage pp. 699-738

Anton Korinek and Alp Simsek

The Effect of Unemployment Benefits and Nonemployment Durations on Wages pp. 739-77

Johannes Schmieder, Till von Wachter and Stefan Bender

The Value of Postsecondary Credentials in the Labor Market: An Experimental Study pp. 778-806

David Deming, Noam Yuchtman, Amira Abulafi, Claudia Goldin and Lawrence Katz

Taxpayer Confusion: Evidence from the Child Tax Credit pp. 807-35

Naomi Feldman, Peter Katuš?ák and Laura Kawano

Dictating the Risk: Experimental Evidence on Giving in Risky Environments: Comment pp. 836-39

Michal Krawczyk and Fabrice Le Lec

Dictating the Risk: Experimental Evidence on Giving in Risky Environments: Reply pp. 840-42

J. Michelle Brock, Andreas Lange and Erkut Ozbay

A Balls-and-Bins Model of Trade: Comment pp. 843-51

Bernardo S. Blum, Sebastian Claro and Ignatius J. Horstmann

A Balls-and-Bins Model of Trade: Reply pp. 852-54

Roc Armenter and Miklós Koren

Volume 106, issue 2, 2016

The Politics of Compromise pp. 229-59

Alessandro Bonatti and Heikki Rantakari

Poverty and Economic Decision-Making: Evidence from Changes in Financial Resources at Payday pp. 260-84

Leandro Carvalho, Stephan Meier and Stephanie Wang

On Communication and Collusion pp. 285-315

Yu Awaya and Vijay Krishna

Anatomy of a Contract Change pp. 316-58

Rajshri Jayaraman, Debraj Ray and Francis de Véricourt

Redistribution and Social Insurance pp. 359-86

Mikhail Golosov, Maxim Troshkin and Aleh Tsyvinski

Consumption Inequality and Family Labor Supply pp. 387-435

Richard Blundell, Luigi Pistaferri and Itay Saporta-Eksten

Exchange Rates, Interest Rates, and the Risk Premium pp. 436-74

Charles Engel

The Housing Market Impacts of Shale Gas Development: Corrigendum pp. 475-475

Lucija Muehlenbachs, Elisheba Spiller and Christopher Timmins

Just Luck: An Experimental Study of Risk-Taking and Fairness: Erratum pp. 476-77

Alexander Cappelen, James Konow, Erik Sørensen and Bertil Tungodden

Volume 106, issue 1, 2016

Betting on Secession: Quantifying Political Events Surrounding Slavery and the Civil War pp. 1-23

Charles W. Calomiris and Jonathan Pritchett

Generalized Social Marginal Welfare Weights for Optimal Tax Theory pp. 24-45

Emmanuel Saez and Stefanie Stantcheva

Networks and Misallocation: Insurance, Migration, and the Rural-Urban Wage Gap pp. 46-98

Kaivan Munshi and Mark Rosenzweig

The Market Impacts of Pharmaceutical Product Patents in Developing Countries: Evidence from India pp. 99-135

Mark Duggan, Craig Garthwaite and Aparajita Goyal

Patents and the Global Diffusion of New Drugs pp. 136-64

Iain Cockburn, Jean Lanjouw and Mark Schankerman

Are Sticky Prices Costly? Evidence from the Stock Market pp. 165-99

Yuriy Gorodnichenko and Michael Weber

Real Rigidity, Nominal Rigidity, and the Social Value of Information pp. 200-227

George-Marios Angeletos, Luigi Iovino and Jennifer La'O