American Economic Review

1969 - 2025

Current editor(s): Esther Duflo

From American Economic Association
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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 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 Jon Steinsson

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

Natalia Ramondo, Andres Rodriguez-Clare and Milagro Saborio-Rodriguez

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 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 Cesar 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 Aysegul Sahin

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

Maxim Boycko and Robert 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 Harmon

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

Amitabh Chandra and Doug 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 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 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 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 Hausman

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

David Atkin

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

Henry 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 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