American Economic Review

1969 - 2025

Current editor(s): Esther Duflo

From American Economic Association
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Volume 105, issue 12, 2015

Capital Tax Reform and the Real Economy: The Effects of the 2003 Dividend Tax Cut pp. 3531-63

Danny Yagan

Market Externalities of Large Unemployment Insurance Extension Programs pp. 3564-96

Rafael Lalive, Camille Landais and Josef Zweimüller

Media Influences on Social Outcomes: The Impact of MTV's 16 and Pregnant on Teen Childbearing pp. 3597-3632

Melissa S. Kearney and Phillip Levine

The Housing Market Impacts of Shale Gas Development pp. 3633-59

Lucija Muehlenbachs, Elisheba Spiller and Christopher Timmins

Imported Inputs and Productivity pp. 3660-3703

László Halpern, Miklós Koren and Adam Szeidl

R&D, International Sourcing, and the Joint Impact on Firm Performance pp. 3704-39

Esther Ann Bøler, Andreas Moxnes and Karen Helene Ulltveit-Moe

A Seniority Arrangement for Sovereign Debt pp. 3740-65

Satyajit Chatterjee and Burcu Eyigungor

Feedback Effects, Asymmetric Trading, and the Limits to Arbitrage pp. 3766-97

Alex Edmans, Itay Goldstein and Wei Jiang

Volume 105, issue 11, 2015

Human Capital Risk, Contract Enforcement, and the Macroeconomy pp. 3223-72

Tom Krebs, Moritz Kuhn and Mark Wright

Optimal Annuitization with Stochastic Mortality and Correlated Medical Costs pp. 3273-3320

Felix Reichling and Kent Smetters

Exclusive Contracts and Market Dominance pp. 3321-51

Giacomo Calzolari and Vincenzo Denicolo'

Fiscal Volatility Shocks and Economic Activity pp. 3352-84

Jesus Fernandez-Villaverde, Pablo Guerron, Keith Kuester and Juan F Rubio-Ramirez

Estimating Neighborhood Choice Models: Lessons from a Housing Assistance Experiment pp. 3385-3415

Sebastian Galiani, Alvin Murphy and Juan Pantano

Conveniently Upset: Avoiding Altruism by Distorting Beliefs about Others' Altruism pp. 3416-42

Rafael Di Tella, Ricardo Perez-Truglia, Andres Babino and Mariano Sigman

Optimal Taxation and Debt with Uninsurable Risks to Human Capital Accumulation pp. 3443-70

Piero Gottardi, Atsushi Kajii and Tomoyuki Nakajima

Reputation and School Competition pp. 3471-88

W. Bentley Macleod and Miguel Urquiola

Psychological Frictions and the Incomplete Take-Up of Social Benefits: Evidence from an IRS Field Experiment pp. 3489-3529

Saurabh Bhargava and Dayanand Manoli

Volume 105, issue 10, 2015

Averting Catastrophes: The Strange Economics of Scylla and Charybdis pp. 2947-85

Ian Martin and Robert Pindyck

Disability Insurance and the Dynamics of the Incentive Insurance Trade-Off pp. 2986-3029

Hamish Low and Luigi Pistaferri

Efficient Firm Dynamics in a Frictional Labor Market pp. 3030-60

Leo Kaas and Philipp Kircher

Technical Change, Wage Inequality, and Taxes pp. 3061-3101

Laurence Ales, Musab Kurnaz and Christopher Sleet

Non-optimal Mechanism Design pp. 3102-24

Jason D. Hartline and Brendan Lucier

Delinking Land Rights from Land Use: Certification and Migration in Mexico pp. 3125-49

Alain de Janvry, Kyle Emerick, Marco Gonzalez-Navarro and Elisabeth Sadoulet

The Next Generation of the Penn World Table pp. 3150-82

Robert Feenstra, Robert Inklaar and Marcel Timmer

Competition, Markups, and the Gains from International Trade pp. 3183-3221

Chris Edmond, Virgiliu Midrigan and Yi Xu

Volume 105, issue 9, 2015

Has Consumption Inequality Mirrored Income Inequality? pp. 2725-56

Mark Aguiar and Mark Bils

Education, HIV, and Early Fertility: Experimental Evidence from Kenya pp. 2757-97

Esther Duflo, Pascaline Dupas and Michael Kremer

The Welfare Economics of Default Options in 401(k) Plans pp. 2798-2837

B. Douglas Bernheim, Andrey Fradkin and Igor Popov

Credit Constraints and Growth in a Global Economy pp. 2838-81

Nicolas Coeurdacier, Stéphane Guibaud and Keyu Jin

Cooperation, but No Reciprocity: Individual Strategies in the Repeated Prisoner's Dilemma pp. 2882-2910

Yves Breitmoser

The Value of Relationships: Evidence from a Supply Shock to Kenyan Rose Exports pp. 2911-45

Rocco Macchiavello and Ameet Morjaria

Volume 105, issue 8, 2015

Yours, Mine, and Ours: Do Divorce Laws Affect the Intertemporal Behavior of Married Couples? pp. 2295-2332

Alessandra Voena

Country Solidarity in Sovereign Crises pp. 2333-63

Jean Tirole

State Capacity and Economic Development: A Network Approach pp. 2364-2409

Daron Acemoglu, Camilo García-Jimeno and James Robinson

Crossing Party Lines: The Effects of Information on Redistributive Politics pp. 2410-48

Katherine Casey

Health Insurance for "Humans": Information Frictions, Plan Choice, and Consumer Welfare pp. 2449-2500

Benjamin R. Handel and Jonathan T. Kolstad

Evaluating Behaviorally Motivated Policy: Experimental Evidence from the Lightbulb Market pp. 2501-38

Hunt Allcott and Dmitry Taubinsky

No Taxation without Information: Deterrence and Self-Enforcement in the Value Added Tax pp. 2539-69

Dina Pomeranz

Back to Fundamentals: Equilibrium in Abstract Economies pp. 2570-94

Michael Richter and Ariel Rubinstein

On Discrimination in Auctions with Endogenous Entry pp. 2595-2643

Philippe Jehiel and Laurent Lamy

Information Rigidity and the Expectations Formation Process: A Simple Framework and New Facts pp. 2644-78

Olivier Coibion and Yuriy Gorodnichenko

How to Control Controlled School Choice pp. 2679-94

Federico Echenique and M. Bumin Yenmez

In the Name of the Son (and the Daughter): Intergenerational Mobility in the United States, 1850-1940 pp. 2695-2724

Claudia Olivetti and M. Daniele Paserman

Volume 105, issue 7, 2015

An Empirical Model of the Medical Match pp. 1939-78

Nikhil Agarwal

Financial Entanglement: A Theory of Incomplete Integration, Leverage, Crashes, and Contagion pp. 1979-2010

Nicolae Gârleanu, Stavros Panageas and Jianfeng Yu

Banking, Liquidity, and Bank Runs in an Infinite Horizon Economy pp. 2011-43

Mark Gertler and Nobuhiro Kiyotaki

Do Firms Underinvest in Long-Term Research? Evidence from Cancer Clinical Trials pp. 2044-85

Eric Budish, Benjamin N. Roin and Heidi Williams

Acquisitions, Productivity, and Profitability: Evidence from the Japanese Cotton Spinning Industry pp. 2086-2119

Serguey Braguinsky, Atsushi Ohyama, Tetsuji Okazaki and Chad Syverson

Team Contests with Multiple Pairwise Battles pp. 2120-40

Qiang Fu, Jingfeng Lu and Yue Pan

Vertical Contracting with Informational Opportunism pp. 2141-82

Vianney Dequiedt and David Martimort

Revealed Preference, Rational Inattention, and Costly Information Acquisition pp. 2183-2203

Andrew Caplin and Mark Dean

Estimating a War of Attrition: The Case of the US Movie Theater Industry pp. 2204-41

Yuya Takahashi

Risk Preferences Are Not Time Preferences: On the Elicitation of Time Preference under Conditions of Risk: Comment pp. 2242-60

Stephen Cheung

Risk Preferences Are Not Time Preferences: Balancing on a Budget Line: Comment pp. 2261-71

Thomas Epper and Helga Fehr-Duda

Risk Preferences Are Not Time Preferences: Separating Risk and Time Preference: Comment pp. 2272-86

Bin Miao and Songfa Zhong

Risk Preferences Are Not Time Preferences: Reply pp. 2287-93

James Andreoni and Charles Sprenger

Volume 105, issue 6, 2015

Market Failures and Public Policy pp. 1665-82

Jean Tirole

Consumer Search and Double Marginalization pp. 1683-1710

Maarten Janssen and Sandro Shelegia

Government Policy with Time Inconsistent Voters pp. 1711-37

Alberto Bisin, Alessandro Lizzeri and Leeat Yariv

Trafficking Networks and the Mexican Drug War pp. 1738-79

Melissa Dell

Clientelism in Indian Villages pp. 1780-1816

Siwan Anderson, Patrick Francois and Ashok Kotwal

The Value of Democracy: Evidence from Road Building in Kenya pp. 1817-51

Robin Burgess, Remi Jedwab, Edward Miguel, Ameet Morjaria and Gerard Padró i Miquel

Fertility and Childlessness in the United States pp. 1852-82

Thomas Baudin, David de la Croix and Paula Gobbi

Endogenous Liquidity and the Business Cycle pp. 1883-1927

Saki Bigio

Volume 105, issue 5, 2015

Foreword pp. xi-xii

Richard Thaler

Editors' Introduction pp. xiii-xiv

William Johnson and Kelly Markel

Behavioral Economics and Public Policy: A Pragmatic Perspective pp. 1-33

Raj Chetty

Capital and Wealth in the Twenty-First Century pp. 34-37

David Weil

Capital Taxation in the Twenty-First Century pp. 38-42

Alan Auerbach and Kevin Hassett

Yes, r > g. So What? pp. 43-47

N. Gregory Mankiw

About Capital in the Twenty-First Century pp. 48-53

Thomas Piketty

Secular Stagnation: A Supply-Side View pp. 54-59

Robert J. Gordon

Demand Side Secular Stagnation pp. 60-65

Lawrence Summers

Secular Stagnation: The Long View pp. 66-70

Barry Eichengreen

Gary Becker as Teacher pp. 71-73

Kevin M. Murphy

Gary Becker: Model Economic Scientist pp. 74-79

James Heckman

Gary Becker's Impact on Economics and Policy pp. 80-84

Edward Lazear

Human Capital and Growth pp. 85-88

Robert Lucas

Mathiness in the Theory of Economic Growth pp. 89-93

Paul Romer

Lessons from Schumpeterian Growth Theory pp. 94-99

Philippe Aghion, Ufuk Akcigit and Peter Howitt

Globalization and Growth pp. 100-104

Gene M. Grossman and Elhanan Helpman

Messaging and the Mandate: The Impact of Consumer Experience on Health Insurance Enrollment through Exchanges pp. 105-09

Natalie Cox, Benjamin Handel, Jonathan Kolstad and Neale Mahoney

Narrow Networks on the Health Insurance Exchanges: What Do They Look Like and How Do They Affect Pricing? A Case Study of Texas pp. 110-14

Leemore Dafny, Igal Hendel and Nathan Wilson

Measuring Consumer Valuation of Limited Provider Networks pp. 115-19

Keith Ericson and Amanda Starc

The Impact of Market Size and Composition on Health Insurance Premiums: Evidence from the First Year of the Affordable Care Act pp. 120-25

Michael J. Dickstein, Mark Duggan, Joe Orsini and Pietro Tebaldi

The Effect of Unemployment Benefits on the Duration of Unemployment Insurance Receipt: New Evidence from a Regression Kink Design in Missouri, 2003-2013 pp. 126-30

David Card, Andrew Johnston, Pauline Leung, Alexandre Mas and Zhuan Pei

Veterans' Labor Force Participation: What Role Does the VA's Disability Compensation Program Play? pp. 131-36

Courtney Coile, Mark Duggan and Audrey Guo

Earnings, Disposable Income, and Consumption of Allowed and Rejected Disability Insurance Applicants pp. 137-41

Andreas Kostøl and Magne Mogstad

Recall Expectations and Duration Dependence pp. 142-46

Arash Nekoei and Andrea Weber

The Great Recession and Credit Trends across Income Groups pp. 147-53

Gene Amromin and Leslie McGranahan

Heterogeneity in the Impact of Economic Cycles and the Great Recession: Effects within and across the Income Distribution pp. 154-60

Marianne Bitler and Hilary Hoynes

Changes in Safety Net Use during the Great Recession pp. 161-65

Patricia Anderson, Kristin Butcher and Diane Schanzenbach

Living Arrangements, Doubling Up, and the Great Recession: Was This Time Different? pp. 166-70

Marianne Bitler and Hilary Hoynes

The Effect of Extended Unemployment Insurance Benefits: Evidence from the 2012-2013 Phase-Out pp. 171-76

Henry S. Farber, Jesse Rothstein and Robert Valletta

Disability Insurance and the Great Recession pp. 177-82

Nicole Maestas, Kathleen Mullen and Alexander Strand

Deconstructing the Energy-Efficiency Gap: Conceptual Frameworks and Evidence pp. 183-86

Todd Gerarden, Richard Newell and Robert Stavins

Tagging and Targeting of Energy Efficiency Subsidies pp. 187-91

Hunt Allcott, Christopher Knittel and Dmitry Taubinsky

Limited Attention and the Residential Energy Efficiency Gap pp. 192-95

Karen Palmer and Margaret Walls

Individual Time Preferences and Energy Efficiency pp. 196-200

Richard Newell and Juha Siikamäki

Are the Non-monetary Costs of Energy Efficiency Investments Large? Understanding Low Take-Up of a Free Energy Efficiency Program pp. 201-04

Meredith Fowlie, Michael Greenstone and Catherine Wolfram

Immigration Enforcement and Crime pp. 205-09

Paolo Pinotti

Effects of Immigrant Legalization on Crime pp. 210-13

Scott Baker

The Criminal Justice Response to Policy Interventions: Evidence from Immigration Reform pp. 214-19

Sarah Bohn, Matthew Freedman and Emily Owens

The Long-Run Effect of Mexican Immigration on Crime in US Cities: Evidence from Variation in Mexican Fertility Rates pp. 220-25

Aaron Chalfin

Growth, Pollution, and Life Expectancy: China from 1991-2012 pp. 226-31

Avraham Ebenstein, Maoyong Fan, Michael Greenstone, Guojun He, Peng Yin and Maigeng Zhou

Satellites, Self-Reports, and Submersion: Exposure to Floods in Bangladesh pp. 232-36

Raymond Guiteras, Amir Jina and Ahmed Mobarak

Pay as You Go: Prepaid Metering and Electricity Expenditures in South Africa pp. 237-41

B. Kelsey Jack and Grant Smith

Moving Up the Energy Ladder: The Effect of an Increase in Economic Well-Being on the Fuel Consumption Choices of the Poor in India pp. 242-46

Rema Hanna and Paulina Oliva

Convergence in Adaptation to Climate Change: Evidence from High Temperatures and Mortality, 1900-2004 pp. 247-51

Alan Barreca, Karen Clay, Olivier Deschenes, Michael Greenstone and Joseph Shapiro

Geography, Depreciation, and Growth pp. 252-56

Solomon M. Hsiang and Amir S. Jina

Tropical Economics pp. 257-61

Solomon M. Hsiang and Kyle Meng

Federal Crop Insurance and the Disincentive to Adapt to Extreme Heat pp. 262-66

Francis Annan and Wolfram Schlenker

Why Don't Present-Biased Agents Make Commitments? pp. 267-72

David Laibson

Present Bias: Lessons Learned and to Be Learned pp. 273-79

Ted O'Donoghue and Matthew Rabin

Judging Experimental Evidence on Dynamic Inconsistency pp. 280-85

Charles Sprenger

Loyalty, Exit, and Enforcement: Evidence from a Kenya Dairy Cooperative pp. 286-90

Lorenzo Casaburi and Rocco Macchiavello

Ex Post (In) Efficient Negotiation and Breakdown of Trade pp. 291-94

Rajkamal Iyer and Antoinette Schoar

The Catch-22 of External Validity in the Context of Constraints to Firm Growth pp. 295-99

Greg Fischer and Dean Karlan

The Market for Training Services: A Demand Experiment with Bangladeshi Garment Factories pp. 300-304

Rocco Macchiavello, Atonu Rabbani and Christopher Woodruff

Lending Booms, Smart Bankers, and Financial Crises pp. 305-09

Anjan Thakor

Neglected Risks: The Psychology of Financial Crises pp. 310-14

Nicola Gennaioli, Andrei Shleifer and Robert Vishny

Do Strict Capital Requirements Raise the Cost of Capital? Bank Regulation, Capital Structure, and the Low-Risk Anomaly pp. 315-20

Malcolm Baker and Jeffrey Wurgler

Does a Bank's History Affect Its Risk-Taking? pp. 321-25

Christa H. S. Bouwman and Ulrike Malmendier

Why Do Firms Have "Purpose"? The Firm's Role as a Carrier of Identity and Reputation pp. 326-30

Rebecca Henderson and Eric Van den Steen

Organizational Culture and Performance pp. 331-35

Elizabeth A. Martinez, Nancy Beaulieu, Robert Gibbons, Peter Pronovost and Thomas Wang

Corporate Culture, Societal Culture, and Institutions pp. 336-39

Luigi Guiso, Paola Sapienza and Luigi Zingales

Understanding Ethnic Identity in Africa: Evidence from the Implicit Association Test (IAT) pp. 340-45

Sara Lowes, Nathan Nunn, James Robinson and Jonathan Weigel

Religion and Innovation pp. 346-51

Roland Benabou, Davide Ticchi and Andrea Vindigni

Measuring Vote-Selling: Field Evidence from the Philippines pp. 352-56

Allen Hicken, Stephen Leider, Nico Ravanilla and Dean Yang

More Money, More Problems? Can High Pay Be Coercive and Repugnant? pp. 357-60

Sandro Ambuehl, Muriel Niederle and Alvin Roth

Sacred Values? The Effect of Information on Attitudes toward Payments for Human Organs pp. 361-65

Julio Elias, Nicola Lacetera and Mario Macis

Deciding When to Quit: Reference-Dependence over Slot Machine Outcomes pp. 366-70

Jaimie W. Lien and Jie Zheng

Testing for the Disposition Effect on Optimal Stopping Decisions pp. 371-75

Jacopo Magnani

Loss Aversion in Post-Sale Purchases of Consumer Products and Their Substitutes pp. 376-80

Debajyoti Ray, Matthew Shum and Colin Camerer

Bankruptcy Rates among NFL Players with Short-Lived Income Spikes pp. 381-84

Kyle Carlson, Joshua Kim, Annamaria Lusardi and Colin Camerer

Principles of (Behavioral) Economics pp. 385-90

David Laibson and John List

Teaching a Behavioral Economics Elective: Highlighting the Science of Economics pp. 391-95

Ted O'Donoghue

Behavioral Economics and Public Policy 102: Beyond Nudging pp. 396-401

Saurabh Bhargava and George Loewenstein

Standing United or Falling Divided? High Stakes Bargaining in a TV Game Show pp. 402-07

Dennie van Dolder, Martijn J. van den Assem, Colin Camerer and Richard Thaler

Cooperation in a Dynamic Fishing Game: A Framed Field Experiment pp. 408-13

Charles Noussair, Daan van Soest and Jan Stoop

I Take Care of My Own: A Field Study on How Leadership Handles Conflict between Individual and Collective Incentives pp. 414-19

Romain Gauriot and Lionel Page

Liquidity in Retirement Savings Systems: An International Comparison pp. 420-25

John Beshears, James Choi, Joshua Hurwitz, David Laibson and Brigitte Madrian

The Composition Effect of Consumption around Retirement: Evidence from Singapore pp. 426-31

Sumit Agarwal, Jessica Pan and Wenlan Qian

Defined Contribution Pension Plans: Mutual Fund Asset Allocation Changes pp. 432-36

Clemens Sialm, Laura Starks and Hanjiang Zhang

The Retirement Consumption Puzzle in China pp. 437-41

Hongbin Li, Xinzheng Shi and Binzhen Wu

Do Private Equity Owned Firms Have Better Management Practices? pp. 442-46

Nicholas Bloom, Raffaella Sadun and John van Reenen

Formal Measures in Informal Management: Can a Balanced Scorecard Change a Culture? pp. 447-51

Robert Gibbons and Robert S. Kaplan

The Real Effects of Relational Contracts pp. 452-56

Steven Blader, Claudine Gartenberg, Rebecca Henderson and Andrea Prat

The Impact of Ethnic Diversity in Bureaucracies: Evidence from the Nigerian Civil Service pp. 457-61

Imran Rasul and Daniel Rogger

Do Natural Field Experiments Afford Researchers More or Less Control Than Laboratory Experiments? pp. 462-66

Omar Al-Ubaydli and John List

Heterogeneous Treatment Effects in Impact Evaluation pp. 467-70

Eva Vivalt

Learning from Experiments When Context Matters pp. 471-75

Lant Pritchett and Justin Sandefur

A Measure of Robustness to Misspecification pp. 476-80

Susan Athey and Guido Imbens

Machine Learning Methods for Demand Estimation pp. 481-85

Patrick Bajari, Denis Nekipelov, Stephen Ryan and Miaoyu Yang

Post-Selection and Post-Regularization Inference in Linear Models with Many Controls and Instruments pp. 486-90

Victor Chernozhukov, Christian Hansen and Martin Spindler

Prediction Policy Problems pp. 491-95

Jon Kleinberg, Jens Ludwig, Sendhil Mullainathan and Ziad Obermeyer

Can Online Learning Bend the Higher Education Cost Curve? pp. 496-501

David Deming, Claudia Goldin, Lawrence Katz and Noam Yuchtman

Evaluating Econometric Evaluations of Post-Secondary Aid pp. 502-07

Joshua Angrist, David Autor, Sally Hudson and Amanda Pallais

Connecting Student Loans to Labor Market Outcomes: Policy Lessons from Chile pp. 508-13

Harald Beyer, Justine Hastings, Christopher Neilson and Seth Zimmerman

What High-Achieving Low-Income Students Know about College pp. 514-17

Caroline Hoxby and Sarah Turner

Factoryless Goods Producing Firms pp. 518-23

Andrew Bernard and Teresa Fort

How Well Is US Intrafirm Trade Measured? pp. 524-29

Kim Ruhl

Multinational Production: Data and Stylized Facts pp. 530-36

Natalia Ramondo, Andres Rodriguez-Clare and Felix Tintelnot

Markup and Cost Dispersion across Firms: Direct Evidence from Producer Surveys in Pakistan pp. 537-44

David Atkin, Azam Chaudhry, Shamyla Chaudhry, Amit Khandelwal and Eric Verhoogen

Informal Employment in a Growing and Globalizing Low-Income Country pp. 545-50

Brian McCaig and Nina Pavcnik

Trade Liberalization and the Skill Premium: A Local Labor Markets Approach pp. 551-57

Rafael Dix-Carneiro and Brian Kovak

History and the Sizes of Cities pp. 558-63

Hoyt Bleakley and Jeffrey Lin

Declining Mortality Inequality within Cities during the Health Transition pp. 564-69

Dora Costa and Matthew Kahn

Killer Cities: Past and Present pp. 570-75

W Hanlon and Yuan Tian

The Impact of Temporary Protected Status on Immigrants' Labor Market Outcomes pp. 576-80

Pia Orrenius and Madeline Zavodny

The Labor Market Impacts of Forced Migration pp. 581-86

Isabel Ruiz and Carlos Vargas-Silva

The Impact of Economic Freedom on the Black/White Income Gap pp. 587-92

Gary Hoover, Ryan Compton and Daniel Giedeman

Income Inequality, Capitalism, and Ethno-linguistic Fractionalization pp. 593-97

Jan-Egbert Sturm and Jakob de Haan

Falling through the Cracks? Grade Retention and School Dropout among Children of Likely Unauthorized Immigrants pp. 598-603

Catalina Amuedo-Dorantes and Mary Lopez

Academic Undermatching of High-Achieving Minority Students: Evidence from Race-Neutral and Holistic Admissions Policies pp. 604-10

Sandra Black, Kalena E. Cortes and Jane Arnold Lincove

Household Asset Allocation, Offspring Education, and the Sandwich Generation pp. 611-15

Vicki L. Bogan

An A for Effort pp. 616-20

Omari Swinton

Trust and Reciprocity between Spouses in India pp. 621-24

Carolina Castilla

Can Alcohol Prohibition Reduce Violence against Women? pp. 625-29

Dara Lee Luca, Emily Owens and Gunjan Sharma

The Labor Supply Effects of Delayed First Birth pp. 630-37

Jane Leber Herr

Child Gender and Parental Inputs: No More Son Preference in Korea? pp. 638-43

Eleanor Choi and Jisoo Hwang

Demand Shocks and Open Economy Puzzles pp. 644-49

Yan Bai and José-Víctor Ríos-Rull

Macroeconomic Uncertainty Indices Based on Nowcast and Forecast Error Distributions pp. 650-55

Barbara Rossi and Tatevik Sekhposyan

FOMC Forward Guidance and Investor Beliefs pp. 656-61

Arunima Sinha

(Indirect) Input Linkages pp. 662-66

Marcela Eslava, Ana Cecília Fieler and Yi Xu

Minutes of the Annual Business Meeting: Boston, MA, January 3, 2015 pp. 669-70

Peter Rousseau

Report of the Secretary pp. 671-74

Peter Rousseau

Report of the Treasurer pp. 675-78

Peter Rousseau

American Economic Association Universal Academic Questionnaire Summary Statistics pp. 679-81

Charles E. Scott and John Siegfried

Volume 105, issue 4, 2015

Climate Clubs: Overcoming Free-Riding in International Climate Policy pp. 1339-70

William Nordhaus

The Housing Market(s) of San Diego pp. 1371-1407

Tim Landvoigt, Monika Piazzesi and Martin Schneider

Has the US Finance Industry Become Less Efficient? On the Theory and Measurement of Financial Intermediation pp. 1408-38

Thomas Philippon

The Anatomy of a Credit Crisis: The Boom and Bust in Farm Land Prices in the United States in the 1920s pp. 1439-77

Raghuram Rajan and Rodney Ramcharan

How Elastic Are Preferences for Redistribution? Evidence from Randomized Survey Experiments pp. 1478-1508

Ilyana Kuziemko, Michael I. Norton, Emmanuel Saez and Stefanie Stantcheva

Wages and Informality in Developing Countries pp. 1509-46

Costas Meghir, Renata Narita and Jean-Marc Robin

Medicare Part D: Are Insurers Gaming the Low Income Subsidy Design? pp. 1547-80

Francesco Decarolis

Punishment and Deterrence: Evidence from Drunk Driving pp. 1581-1617

Benjamin Hansen

Until the Bitter End: On Prospect Theory in a Dynamic Context pp. 1618-33

Sebastian Ebert and Philipp Strack

Correlation Neglect, Voting Behavior, and Information Aggregation pp. 1634-45

Gilat Levy and Ronny Razin

Competitive Policy Development pp. 1646-64

Alexander V. Hirsch and Kenneth W. Shotts

Volume 105, issue 3, 2015

The Limits of Price Discrimination pp. 921-57

Dirk Bergemann, Benjamin Brooks and Stephen Morris

Credit Supply and the Price of Housing pp. 958-92

Giovanni Favara and Jean Imbs

The Cyclicality of Sales, Regular and Effective Prices: Business Cycle and Policy Implications pp. 993-1029

Olivier Coibion, Yuriy Gorodnichenko and Gee Hee Hong

Adverse Selection and an Individual Mandate: When Theory Meets Practice pp. 1030-66

Martin Hackmann, Jonathan T. Kolstad and Amanda Kowalski

The War on Poverty's Experiment in Public Medicine: Community Health Centers and the Mortality of Older Americans pp. 1067-1104

Martha Bailey and Andrew Goodman-Bacon

New Trade Models, New Welfare Implications pp. 1105-46

Marc Melitz and Stephen Redding

The Virtues of Hesitation: Optimal Timing in a Non-stationary World pp. 1147-76

Urmee Khan and Maxwell B. Stinchcombe

Measuring Uncertainty pp. 1177-1216

Kyle Jurado, Sydney Ludvigson and Serena Ng

Inequality, Leverage, and Crises pp. 1217-45

Michael Kumhof, Romain Ranciere and Pablo Winant

Preferences for Flexibility and Randomization under Uncertainty pp. 1246-71

Kota Saito

Debt Relief and Debtor Outcomes: Measuring the Effects of Consumer Bankruptcy Protection pp. 1272-1311

Will Dobbie and Jae Song

Vehicle Scrappage and Gasoline Policy pp. 1312-38

Mark R. Jacobsen and Arthur A. van Benthem

Volume 105, issue 2, 2015

The Impact of the Great Migration on Mortality of African Americans: Evidence from the Deep South pp. 477-503

Dan Black, Seth G. Sanders, Evan Taylor and Lowell Taylor

Overconfidence in Political Behavior pp. 504-35

Pietro Ortoleva and Erik Snowberg

Robustness and Linear Contracts pp. 536-63

Gabriel Carroll

Systemic Risk and Stability in Financial Networks pp. 564-608

Daron Acemoglu, Asuman Ozdaglar and Alireza Tahbaz-Salehi

Price Subsidies, Diagnostic Tests, and Targeting of Malaria Treatment: Evidence from a Randomized Controlled Trial pp. 609-45

Jessica Cohen, Pascaline Dupas and Simone Schaner

Self-Confirming Equilibrium and Model Uncertainty pp. 646-77

Pierpaolo Battigalli, Simone Cerreia-Vioglio, Fabio Maccheroni and Massimo Marinacci

Environmental Health Risks and Housing Values: Evidence from 1,600 Toxic Plant Openings and Closings pp. 678-709

Janet Currie, Lucas Davis, Michael Greenstone and Reed Walker

Bankruptcy as Implicit Health Insurance pp. 710-46

Neale Mahoney

Leader Punishment and Cooperation in Groups: Experimental Field Evidence from Commons Management in Ethiopia pp. 747-83

Michael Kosfeld and Devesh Rustagi

The Price of Experience pp. 784-815

Hyeok Jeong, Yong Kim and Iourii Manovskii

Optimal Life Cycle Unemployment Insurance pp. 816-59

Claudio Michelacci and Hernán Ruffo

Evidence for Countercyclical Risk Aversion: An Experiment with Financial Professionals pp. 860-85

Alain Cohn, Jan Engelmann, Ernst Fehr and Michel Maréchal

Information Disclosure as a Matching Mechanism: Theory and Evidence from a Field Experiment pp. 886-905

Steven Tadelis and Florian Zettelmeyer

Thar SHE Blows? Gender, Competition, and Bubbles in Experimental Asset Markets pp. 906-20

Catherine Eckel and Sascha Füllbrunn

Volume 105, issue 1, 2015

Price Reaction to Information with Heterogeneous Beliefs and Wealth Effects: Underreaction, Momentum, and Reversal pp. 1-34

Marco Ottaviani and Peter Sørensen

Infrastructure Quality and the Subsidy Trap pp. 35-66

Shaun McRae

Efficient Matching under Distributional Constraints: Theory and Applications pp. 67-99

Yuichiro Kamada and Fuhito Kojima

Teacher Quality Policy When Supply Matters pp. 100-130

Jesse Rothstein

Reallocation and Technology: Evidence from the US Steel Industry pp. 131-71

Allan Collard-Wexler and Jan De Loecker

Mergers When Prices Are Negotiated: Evidence from the Hospital Industry pp. 172-203

Gautam Gowrisankaran, Aviv Nevo and Robert Town

Paying Attention or Paying Too Much in Medicare Part D pp. 204-33

Jonathan Ketcham, Claudio Lucarelli and Christopher A. Powers

Cellular Service Demand: Biased Beliefs, Learning, and Bill Shock pp. 234-71

Michael Grubb and Matthew Osborne

Rational Inattention to Discrete Choices: A New Foundation for the Multinomial Logit Model pp. 272-98

Filip Matejka and Alisdair McKay

Revealed (P)Reference Theory pp. 299-321

Efe Ok, Pietro Ortoleva and Gil Riella

How Do Voters Respond to Information? Evidence from a Randomized Campaign pp. 322-53

Chad Kendall, Tommaso Nannicini and Francesco Trebbi

Institutional Corruption and Election Fraud: Evidence from a Field Experiment in Afghanistan pp. 354-81

Michael Callen and James D. Long

The Effect of the TseTse Fly on African Development pp. 382-410

Marcella Alsan

When Does Regulation Distort Costs? Lessons from Fuel Procurement in US Electricity Generation pp. 411-44

Steve Cicala

The Cost of Financial Frictions for Life Insurers pp. 445-75

Ralph S. J. Koijen and Motohiro Yogo