The Quarterly Journal of Economics

1886 - 2025

Current editor(s): Robert J. Barro, Lawrence F. Katz, Nathan Nunn, Andrei Shleifer and Stefanie Stantcheva

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Volume 113, issue 4, 1998

Are Medical Prices Declining? Evidence from Heart Attack Treatments pp. 991-1024

David M. Cutler, Mark McClellan, Joseph Newhouse and Dahlia Remler

Appropriate Technology and Growth pp. 1025-1054

Susanto Basu and David Weil

Why Do New Technologies Complement Skills? Directed Technical Change and Wage Inequality pp. 1055-1089

Daron Acemoglu

Workers, Machines, and Economic Growth pp. 1091-1117

Joseph Zeira

Measuring the Social Return to R&D pp. 1119-1135

Charles Jones and John Williams

Patent Buyouts: A Mechanism for Encouraging Innovation pp. 1137-1167

Michael Kremer

Computing Inequality: Have Computers Changed the Labor Market? pp. 1169-1213

David Autor, Lawrence Katz and Alan Krueger

Technology and Changes in Skill Structure: Evidence from Seven OECD Countries pp. 1215-1244

Stephen Machin and John van Reenen

Implications of Skill-Biased Technological Change: International Evidence pp. 1245-1279

Eli Bekman, John Bound and Stephen Machin

Skilled Labor-Augmenting Technical Progress in U. S. Manufacturing pp. 1281-1308

James Kahn and Jong-Soo Lim

Volume 113, issue 3, 1998

Are CEOs Really Paid Like Bureaucrats? pp. 653-691

Brian J. Hall and Jeffrey Liebman

The Origins of Technology-Skill Complementarity pp. 693-732

Claudia Goldin and Lawrence Katz

The Paradox of Liquidity pp. 733-771

Stewart C. Myers and Raghuram Rajan

Public Versus Private Ownership of Firms: Evidence from Rural China pp. 773-808

Hehui Jin and Yingyi Qian

Trend Employment Growth and the Bunching of Job Creation and Destruction pp. 809-834

Christopher Foote

Customer Discrimination and Employment Outcomes for Minority Workers pp. 835-867

Harry J. Holzer and Keith Ihlanfeldt

Measuring Monetary Policy pp. 869-902

Ben Bernanke and Ilian Mihov

Is Learning by Exporting Important? Micro-Dynamic Evidence from Colombia, Mexico, and Morocco pp. 903-947

Sofronis Clerides, Saul Lach and James Tybout

The Behavior of U. S. Public Debt and Deficits pp. 949-963

Henning Bohn

Social Capability and Economic Growth pp. 965-990

Jonathan Temple and Paul Johnson

Volume 113, issue 2, 1998

Recombinant Growth pp. 331-360

Martin Weitzman

Does Asset Ownership Always Motivate Managers? Outside Options and the Property Rights Theory of the Firm pp. 361-386

David de Meza and Ben Lockwood

Power in a Theory of the Firm pp. 387-432

Raghuram Rajan and Luigi Zingales

Paying for Health Insurance: The Trade-Off between Competition and Adverse Selection pp. 433-466

David M. Cutler and Sarah J. Reber

Insecure Property Rights and Government Ownership of Firms pp. 467-496

Jiahua Che and Yingyi Qian

Ideology, Tactics, and Efficiency in Redistributive Politics pp. 497-529

Avinash Dixit and John Londregan

Are Internal capital Markets Efficient? pp. 531-552

Hyun-Han Shin and René M. Stulz

Private School Vouchers and Student Achievement: An Evaluation of the Milwaukee Parental Choice Program pp. 553-602

Cecilia Elena Rouse

Consumption Inequality and Income Uncertainty pp. 603-640

Richard Blundell and Ian Preston

Openness and Inflation: A New Assessment pp. 641-648

Cristina Terra

A New Assessment of Openness and Inflation: Reply pp. 649-652

David Romer

Volume 113, issue 1, 1998

Default and Renegotiation: A Dynamic Model of Debt pp. 1-41

Oliver Hart and John Moore

Measuring Positive Externalities from Unobservable Victim Precaution: An Empirical Analysis of Lojack pp. 43-77

Ian Ayres and Steven Levitt

Why Do Firms Train? Theory and Evidence pp. 79-119

Daron Acemoglu and Jorn-Steffen Pischke

Investment Tax Incentives, Prices, and the Supply of Capital Goods pp. 121-148

Austan Goolsbee

Fiscal Year Ends and Nonlinear Incentive Contracts: The Effect on Business Seasonality pp. 149-185

Paul Oyer

The Choice of Stock Ownership Structure: Agency Costs, Monitoring, and the Decision to Go Public pp. 187-225

Marco Pagano and Ailsa Röell

Regionalism and Multilateralism: A Political Economy Approach pp. 227-251

Pravin Krishna

Income, Schooling, and Ability: Evidence from a New Sample of Identical Twins pp. 253-284

Orley Ashenfelter and Cecilia Rouse

The Economic Consequences of Parental Leave Mandates: Lessons from Europe pp. 285-317

Christopher Ruhm

Growth Empirics: A Panel Data Approach—A Comment pp. 319-323

Kevin Lee, Mohammad Pesaran and Ronald Smith

Growth Empirics: A Panel Data Approach—A Reply pp. 325-329

Nazrul Islam

Volume 112, issue 4, 1997

Determinants of Privatization Prices pp. 965-1025

Florencio Lopez-de-Silanes

On the Number and Size of Nations pp. 1027-1056

Alberto Alesina and Enrico Spolaore

The Breakup of Nations: A Political Economy Analysis pp. 1057-1090

Patrick Bolton and Gérard Roland

Disorganization pp. 1091-1126

Olivier Blanchard and Michael Kremer

The Proper Scope of Government: Theory and an Application to Prisons pp. 1127-1161

Oliver Hart, Andrei Shleifer and Robert W. Vishny

Separation of Powers and Political Accountability pp. 1163-1202

Torsten Persson, Gérard Roland and Guido Tabellini

Africa's Growth Tragedy: Policies and Ethnic Divisions pp. 1203-1250

William Easterly and Ross Levine

Does Social Capital Have an Economic Payoff? A Cross-Country Investigation pp. 1251-1288

Stephen Knack and Philip Keefer

A Theory of Misgovernance pp. 1289-1332

Abhijit Banerjee

Volume 112, issue 3, 1997

Financial Intermediation, Loanable Funds, and The Real Sector pp. 663-691

Bengt Holmstrom and Jean Tirole

Large Shareholders, Monitoring, and the Value of the Firm pp. 693-728

Mike Burkart, Denis Gromb and Fausto Panunzi

The Endogenous Determination of Time Preference pp. 729-758

Gary Becker and Casey Mulligan

The Reasons for Wage Rigidity: Evidence from a Survey of Firms pp. 759-789

Carl Campbell and Kunal S. Kamlani

The Magnitude of Menu Costs: Direct Evidence from Large U. S. Supermarket Chains pp. 791-824

Daniel Levy, Mark Bergen, Shantanu Dutta and Robert Venable

Are Ghettos Good or Bad? pp. 827-872

David M. Cutler and Edward L. Glaeser

Contractual Fragility, Job Destruction, and Business Cycles pp. 873-911

Garey Ramey and Joel Watson

Unemployment Insurance Takeup Rates and the After-Tax Value of Benefits pp. 913-937

Patricia Anderson and Bruce Meyer

The Dynamics of Smithian Growth pp. 939-964

Morgan Kelly

Volume 112, issue 2, 1997

Money Illusion pp. 341-374

Eldar Shafir, Peter Diamond and Amos Tversky

Back to Bentham? Explorations of Experienced Utility pp. 375-406

Daniel Kahneman, Peter Wakker and Rakesh Sarin

Labor Supply of New York City Cabdrivers: One Day at a Time pp. 407-441

Colin Camerer, Linda Babcock, George Loewenstein and Richard Thaler

Golden Eggs and Hyperbolic Discounting pp. 443-478

David Laibson

A Test of the Theory of Reference-Dependent Preferences pp. 479-505

Ian Bateman, Alistair Munro, Bruce Rhodes, Chris Starmer and Robert Sugden

Measuring Players' Losses in Experimental Games pp. 507-536

Drew Fudenberg and David Levine

Preference Parameters and Behavioral Heterogeneity: An Experimental Approach in the Health and Retirement Study pp. 537-579

Robert Barsky, F. Juster, Miles Kimball and Matthew D. Shapiro

The Evolution of Bargaining Behavior pp. 581-602

Tore Ellingsen

What Makes Markets Allocationally Efficient? pp. 603-630

Dhananjay K. Gode and Shyam Sunder

An Experiment on Risk Taking and Evaluation Periods pp. 631-645

Uri Gneezy and Jan Potters

The Effect of Myopia and Loss Aversion on Risk Taking: An Experimental Test pp. 647-661

Richard Thaler, Amos Tversky, Daniel Kahneman and Alan Schwartz

Volume 112, issue 1, 1997

Buffer-Stock Saving and the Life Cycle/Permanent Income Hypothesis pp. 1-55

Christopher Carroll

Growth and Interdependence pp. 57-84

Jaume Ventura

An Economic Model of Representative Democracy pp. 85-114

Timothy Besley and Stephen Coate

How Much does Sorting Increase Inequality? pp. 115-139

Michael Kremer

Marriage and Class pp. 141-168

Ken Burdett and Melvyn Coles

Do Investment-Cash Flow Sensitivities Provide Useful Measures of Financing Constraints? pp. 169-215

Steven Kaplan and Luigi Zingales

Personal Bankruptcy and Credit Supply and Demand pp. 217-251

Reint Gropp, John Karl Scholz and Michelle J. White

Workers, Wages, and Technology pp. 253-290

Mark Doms, Timothy Dunne and Kenneth Troske

The Returns to Computer Use Revisited: Have Pencils Changed the Wage Structure Too? pp. 291-303

John DiNardo and Jorn-Steffen Pischke

Do Gasoline Prices Respond Asymmetrically to Crude Oil Price Changes? pp. 305-339

Severin Borenstein, A. Cameron and Richard Gilbert