AEA Papers and Proceedings

2018 - 2024

Current editor(s): William Johnson and Kelly Markel

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Volume 108, month May, 2018

Foreword pp. xii-

Olivier Blanchard

Editors' Introduction pp. xiii-

William Johnson and Kelly Markel

Private Paternalism, the Commitment Puzzle, and Model-Free Equilibrium pp. 1-21

David Laibson

Algorithmic Fairness pp. 22-27

Jon Kleinberg, Jens Ludwig, Sendhil Mullainathan and Ashesh Rambachan

Welfarism's Envy Problem Extends to Popular Judgments pp. 28-32

Matthew Weinzierl

Quadratic Voting: How Mechanism Design Can Radicalize Democracy pp. 33-37

Steven P. Lalley and E. Glen Weyl

Should We Treat Data as Labor? Moving beyond "Free" pp. 38-42

Imanol Arrieta-Ibarra, Leonard Goff, Diego Jiménez-Hernández, Jaron Lanier and E. Glen Weyl

What Can Machines Learn, and What Does It Mean for Occupations and the Economy? pp. 43-47

Erik Brynjolfsson, Tom Mitchell and Daniel Rock

Modeling Automation pp. 48-53

Daron Acemoglu and Pascual Restrepo

A Method to Link Advances in Artificial Intelligence to Occupational Abilities pp. 54-57

Edward W. Felten, Manav Raj and Robert Seamans

Human Judgment and AI Pricing pp. 58-63

Ajay Agrawal, Joshua Gans and Avi Goldfarb

Estimating Heterogeneous Consumer Preferences for Restaurants and Travel Time Using Mobile Location Data pp. 64-67

Susan Athey, David Blei, Robert Donnelly, Francisco Ruiz and Tobias Schmidt

The Potential of Digital Credit to Bank the Poor pp. 68-71

Daniel Björkegren and Darrell Grissen

Estimating Economic Characteristics with Phone Data pp. 72-76

Joshua Blumenstock

Nowcasting Gentrification: Using Yelp Data to Quantify Neighborhood Change pp. 77-82

Edward L. Glaeser, Hyunjin Kim and Michael Luca

Misperceptions about Tax Audits pp. 83-87

Marcelo Bergolo, Rodrigo Ceni Gonzalez, Guillermo Cruces, Matias Giaccobasso and Ricardo Perez-Truglia

Ramsey Strikes Back: Optimal Commodity Tax and Redistribution in the Presence of Salience Effects pp. 88-92

Hunt Allcott, Benjamin Lockwood and Dmitry Taubinsky

Can Information Change Personal Retirement Savings? Evidence from Social Security Benefits Statement Mailings pp. 93-97

Susan Carter and William Skimmyhorn

Rationalizations and Mistakes: Optimal Policy with Normative Ambiguity pp. 98-102

Jacob Goldin and Daniel Reck

The Elephant Curve of Global Inequality and Growth pp. 103-08

Facundo Alvaredo, Lucas Chancel, Thomas Piketty, Emmanuel Saez and Gabriel Zucman

From Communism to Capitalism: Private versus Public Property and Inequality in China and Russia pp. 109-13

Filip Novokmet, Thomas Piketty, Li Yang and Gabriel Zucman

Applying Generalized Pareto Curves to Inequality Analysis pp. 114-18

Thomas Blanchet, Bertrand Garbinti, Jonathan Goupille-Lebret and Clara Martínez-Toledano

Extreme Inequality: Evidence from Brazil, India, the Middle East, and South Africa pp. 119-23

Lydia Assouad, Lucas Chancel and Marc Morgan

Challenges in the Measurement of Leakage Risk pp. 124-29

Meredith Fowlie and Mar Reguant

How Trade Sensitive Are Energy-Intensive Sectors? pp. 130-35

Carolyn Fischer and Alan Fox

Regulating Mismeasured Pollution: Implications of Firm Heterogeneity for Environmental Policy pp. 136-42

Eva Lyubich, Joseph Shapiro and Reed Walker

Is Altruism Sensitive to Scope? The Role of Tangibility pp. 143-47

Alex Imas and George Loewenstein

Mental Budgeting versus Relative Thinking pp. 148-52

Samuel Hirshman, Devin Pope and Jihong Song

When Nudges Are Forever: Inertia in the Swedish Premium Pension Plan pp. 153-58

Henrik Cronqvist, Richard Thaler and Frank Yu

Cross-Country Differences in Household Stock Market Participation: The Role of Gender Norms pp. 159-62

Da Ke

Gender Norms and Relative Working Hours: Why Do Women Suffer More Than Men from Working Longer Hours Than Their Partners? pp. 163-68

Sarah Flèche, Anthony Lepinteur and Nattavudh Powdthavee

The Language of Discrimination: Using Experimental versus Observational Data pp. 169-74

Aislinn Bohren, Alex Imas and Michael Rosenberg

Gendered Language on the Economics Job Market Rumors Forum pp. 175-79

Alice H. Wu

Representations of Men and Women in Introductory Economics Textbooks pp. 180-85

Betsey Stevenson and Hanna Zlotnik

What Can UWE Do for Economics? pp. 186-90

Tatyana Avilova and Claudia Goldin

A Dialogue between a Populist and an Economist pp. 191-95

Tito Boeri, Prachi Mishra, Chris Papageorgiou and Antonio Spilimbergo

Is Populism Necessarily Bad Economics? pp. 196-99

Dani Rodrik

Economic Drivers of Populism pp. 200-203

Sergei Guriev

Studying the (Economic) Consequences of Populism pp. 204-07

Cristóbal Kaltwasser

On the Returns to Invention within Firms: Evidence from Finland pp. 208-12

Philippe Aghion, Ufuk Akcigit, Ari Hyytinen and Otto Toivanen

Local Violence, Academic Performance, and School Accountability pp. 213-16

Marcus Casey, Jeffrey Schiman and Maciej Wachala

Racial Differences in Police Use of Force: Evidence from the 1960s Civil Disturbances pp. 217-21

Jamein P. Cunningham and Rob Gillezeau

Last Place? The Intersection of Ethnicity, Gender, and Race in Biomedical Authorship pp. 222-27

Gerald Marschke, Allison Nunez, Bruce Weinberg and Huifeng Yu

Reconciling Results on Racial Differences in Police Shootings pp. 228-33

Roland G. Fryer

Intergenerational Effects of Incarceration pp. 234-40

Manudeep Bhuller, Gordon Dahl, Katrine Løken and Magne Mogstad

Racial and Ethnic Sentencing Differentials in the Federal Criminal Justice System pp. 241-45

Brendon McConnell and Imran Rasul

Participating or Not? Characteristics of Female Entrepreneurs Participating in and Completing an Entrepreneurial Training Program pp. 246-51

Leonardo Iacovone, Gabriela Calderón and Cristina MacGregor

Mind The (Profit) Gap: Why Are Female Enterprise Owners Earning Less Than Men? pp. 252-55

Morgan Hardy and Gisella Kagy

Is Personal Initiative Training a Substitute or Complement to the Existing Human Capital of Women? Results from a Randomized Trial in Togo pp. 256-61

Francisco Campos, Michael Frese, Markus Goldstein, Leonardo Iacovone, Hillary C. Johnson, David McKenzie and Mona Mensmann

Disability Saliency and Discrimination in Hiring pp. 262-66

Philip Armour, Patrick Button and Simon Hollands

The Effect of the Disability Insurance Application Decision on the Employment of Denied Applicants pp. 267-71

Mashfiqur R. Khan

Return-to-Work Policies and Labor Supply in Disability Insurance Programs pp. 272-76

Arezou Zaresani

Income Volatility and the PSID: Past Research and New Results pp. 277-80

Robert Moffitt and Sisi Zhang

Nonlinear Persistence and Partial Insurance: Income and Consumption Dynamics in the PSID pp. 281-86

Manuel Arellano, Richard Blundell and Stéphane Bonhomme

New Evidence on Earnings Volatility in Survey and Administrative Data pp. 287-91

Michael D. Carr and Emily E. Wiemers

On the Heterogeneity in Family Earnings and Income Dynamics in the PSID pp. 292-96

Dmytro Hryshko and Iourii Manovskii

Beyond the Flipped Class: The Impact of Research-Based Teaching Methods in a Macroeconomics Principles Class pp. 297-301

Austin Boyle and William Goffe

From "Traditional" to Research-Based Instructional Strategies: An Assessment of Learning Gains pp. 302-06

Sarah B. Cosgrove and Neal H. Olitsky

Low-Cost Randomized Controlled Trials in Education pp. 307-11

Nathan Wozny, Cary Balser and Drew Ives

A New Look at Lake Wobegone: Who's in Your Canoe? pp. 312-16

Christopher Bollinger, Tisha L. N. Emerson, Linda English and Gail M. Hoyt

The Disappearing Large-Firm Wage Premium pp. 317-22

Nicholas Bloom, Fatih Guvenen, Benjamin S. Smith, Jae Song and Till von Wachter

A Cross-Country Comparison of Dynamics in the Large Firm Wage Premium pp. 323-27

Emanuele Colonnelli, Joacim Tåg, Michael Webb and Stefanie Wolter

The Productivity-Wage Premium: Does Size Still Matter in a Service Economy? pp. 328-33

Giuseppe Berlingieri, Sara Calligaris and Chiara Criscuolo

What Matters for the Productivity of Kidney Exchange? pp. 334-40

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

Dynamic Incentives in Wait List Mechanisms pp. 341-47

Nikhil Agarwal, Itai Ashlagi, Paulo Somaini and Daniel Waldinger

Dynamics of Child Mortality Inequality pp. 348-52

Tom S. Vogl

Cousin Marriage Is Not Choice: Muslim Marriage and Underdevelopment pp. 353-57

Lena Edlund

Women's Empowerment, the Gender Gap in Desired Fertility, and Fertility Outcomes in Developing Countries pp. 358-62

Matthias Doepke and Michele Tertilt

Male Social Status and Women's Work pp. 363-67

Arielle Bernhardt, Erica Field, Rohini Pande, Natalia Rigol, Simone Schaner and Charity Troyer-Moore

Split Families and the Future of Children: Immigration Enforcement and Foster Care Placements pp. 368-72

Catalina Amuedo-Dorantes and Esther Arenas-Arroyo

The Effect of Parental Education on Children's Drug and Alcohol Use pp. 373-78

Aaron Chalfin and Monica Deza

The Differential Incidence and Severity of Food Insecurity by Racial, Ethnic, and Immigrant Groups over the Great Recession in the United States pp. 379-83

Alfonso Flores-Lagunes, Hugo Jales, Judith Liu and Norbert L. Wilson

Elasticity of Medicaid Access with Respect to State Financial Distress pp. 384-87

Victoria Perez, Joseph Benitez and Eric Seiber

Trends and Disparities in Leave Use under California's Paid Family Leave Program: New Evidence from Administrative Data pp. 388-91

Sarah Bana, Kelly Bedard and Maya Rossin-Slater

Gender Peer Effects in a Predominantly Male Environment: Evidence from West Point pp. 392-95

Nick Huntington-Klein and Elaina Rose

Time and Money: Social Security Benefits and Intergenerational Transfers pp. 396-400

Anita Mukherjee

In Debt and Approaching Retirement: Claim Social Security or Work Longer? pp. 401-06

Barbara Butrica and Nadia Karamcheva

The Changing Face of Debt and Financial Fragility at Older Ages pp. 407-11

Annamaria Lusardi, Olivia Mitchell and Noemi Oggero

The Price of Labor: Evaluating the Impact of Eliminating User Fees on Maternal and Infant Health Outcomes pp. 412-15

Anne Fitzpatrick

Indoor Air Pollution and Infant Mortality: A New Approach pp. 416-21

Imelda Imelda

Short-Term Impacts of a Pay-It-Forward Livestock Transfer and Training Program in Nepal pp. 422-25

Sarah Janzen, Nicholas Magnan, Sudhindra Sharma and William Thompson

Intangibles, Investment, and Efficiency pp. 426-31

Nicolas Crouzet and Janice Eberly

Ownership, Concentration, and Investment pp. 432-37

German Gutierrez and Thomas Philippon

Workplace Signaling and Financial Commitment: Evidence from a Field Experiment pp. 438-43

Emily Breza, Martin Kanz and Leora Klapper

Digital Financial Services Go a Long Way: Transaction Costs and Financial Inclusion pp. 444-48

Pierre Bachas, Paul Gertler, Sean Higgins and Enrique Seira

Salary Delays and Overdrafts in Rural Ghana pp. 449-52

Niklas Buehren, Virginia Ceretti, Ervin Dervisevic, Markus Goldstein, Leora Klapper, Tricia Koroknay-Palicz and Simone Schaner

Carbon Pricing Induces Innovation: Evidence from China's Regional Carbon Market Pilots pp. 453-57

Jingbo Cui, Junjie Zhang and Yang Zheng

China's Rate-Based Approach to Reducing CO2 Emissions: Attractions, Limitations, and Alternatives pp. 458-62

Lawrence H. Goulder and Richard D. Morgenstern

China's New National Carbon Market pp. 463-67

William Pizer and Xiliang Zhang

Institutions and Emissions Trading in China pp. 468-72

Valerie Jean Karplus

Measuring Welfare with Massive Online Choice Experiments: A Brief Introduction pp. 473-76

Erik Brynjolfsson, Felix Eggers and Avinash Gannamaneni

The Empirics of Social Progress: The Interplay between Subjective Well-Being and Societal Performance pp. 477-82

Daniel Fehder, Michael Porter and Scott Stern

Using Online Prices for Measuring Real Consumption across Countries pp. 483-87

Alberto Cavallo, Walter Diewert, Robert Feenstra, Robert Inklaar and Marcel Timmer

Internet Rising, Prices Falling: Measuring Inflation in a World of E-Commerce pp. 488-92

Austan D. Goolsbee and Peter J. Klenow

Reach for Yield and Fickle Capital Flows pp. 493-98

Ricardo Caballero and Alp Simsek

Global Financial Cycles and the Exchange Rate Regime: A Perspective from Emerging Markets pp. 499-504

Maurice Obstfeld, Jonathan Ostry and Mahvash Qureshi

Optimal Payment Areas or Optimal Currency Areas? pp. 505-08

Patrick Bolton and Haizhou Huang

Financial Cycles and Credit Growth across Countries pp. 509-12

Nuno Coimbra and Helene Rey

The Effects of Tax Changes at the Zero Lower Bound: Evidence from Japan pp. 513-18

Akihisa Kato, Wataru Miyamoto, Thuy Lan Nguyen and Dmitriy Sergeyev

Unconventional Fiscal Policy pp. 519-23

Francesco D'Acunto, Daniel Hoang and Michael Weber

What Do We Know about the Effects of Austerity? pp. 524-30

Alberto Alesina, Carlo Favero and Francesco Giavazzi

Exchange Rates and the Working Capital Channel of Trade Fluctuations pp. 531-36

Valentina Bruno, Se-Jik Kim and Hyun Song Shin

Foreign Safe Asset Demand for US Treasurys and the Dollar pp. 537-41

Zhengyang Jiang, Arvind Krishnamurthy and Hanno Lustig

Trade Invoicing, Bank Funding, and Central Bank Reserve Holdings pp. 542-46

Gita Gopinath and Jeremy C. Stein

The Welfare Consequences of Income-Induced Expenditure Switching pp. 547-51

Rudolfs Bems and Julian di Giovanni

Wealth Redistribution after Exchange Rate Devaluations pp. 552-56

Andres Drenik, Gustavo Pereira and Diego J. Perez

What Is the Impact of Food Stamps on Prices and Products Variety? The Importance of the Supply Response pp. 557-61

Xavier Jaravel

The Geographic Spread of a Large Devaluation pp. 562-66

Javier Cravino and Andrei Levchenko

Through a Crystal Ball Darkly: The Future of Monetary Policy Communication pp. 567-71

Alan Blinder

Central Bank Forward Guidance and the Signal Value of Market Prices pp. 572-77

Stephen Morris and Hyun Song Shin

Central Bank Communications and the General Public pp. 578-83

Andrew Haldane and Michael McMahon

The "Standard Error" of Event Studies: Lessons from the 2016 Election pp. 584-89

Justin Wolfers and Eric Zitzewitz

Unequal Rewards to Firms: Stock Market Responses to the Trump Election and the 2017 Corporate Tax Reform pp. 590-96

Alexander Wagner, Richard Zeckhauser and Alexandre Ziegler

Economic Expectations, Voting, and Economic Decisions around Elections pp. 597-602

Gur Huberman, Tobias Konitzer, Masha Krupenkin, David Rothschild and Shawndra Hill

Minutes of the Annual Business Meeting: Philadelphia, PA, January 5, 2018 pp. 605-07

Peter Rousseau

Report of the Secretary pp. 608-11

Peter Rousseau

Report of the Treasurer pp. 612-15

Peter Rousseau

American Economic Association Universal Academic Questionnaire Summary Statistics pp. 616-18

Charles E. Scott and John Siegfried

List of Online Reports pp. 619-

Peter Rousseau

Minutes of the Meeting of the Executive Committee: Chicago, IL, April 14, 2017 pp. 621-27

Peter Rousseau

Minutes of the Meeting of the Executive Committee: Philadelphia, PA, January 4, 2018 pp. 628-35

Peter Rousseau

Report of the Editor: American Economic Review pp. 636-51

Esther Duflo

Report of the Editor: American Economic Review: Insights pp. 652-53

Amy Finkelstein

Report of the Editor: Journal of Economic Literature pp. 654-56

Steven Durlauf

Report of the Editor: Journal of Economic Perspectives pp. 657-59

Enrico Moretti

Report of the Editor: American Economic Journal: Applied Economics pp. 660-67

Alexandre Mas

Report of the Editor: American Economic Journal: Economic Policy pp. 668-76

Matthew Shapiro

Report of the Editor: American Economic Journal: Macroeconomics pp. 677-85

Richard Rogerson

Report of the Editor: American Economic Journal: Microeconomics pp. 686-93

Johannes Horner

Report: Job Openings for Economists pp. 694-96

John Siegfried

Report: Committee on Economic Education pp. 697-703

Sam Allgood

Report: Committee on the Status of Women in the Economics Profession (CSWEP) pp. 704-21

Shelly Lundberg

Report: Committee on Government Relations pp. 739-41

Phillip Swagel

Report of the Search Committee for the Editor of the AEJ: Macroeconomics pp. 742-

Ben Bernanke

Report by Committee to Appoint the Lead Editor to AER: Insights pp. 743-44

Jose A. Scheinkman

Report of the Search Committee to Appoint a Data Editor for the AEA pp. 745-

Esther Duflo and Hilary Hoynes