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 111, issue 4, 1996

A Walrasian Theory of Money and Barter pp. 955-1005

Abhijit Banerjee and Eric Maskin

Learning and Wage Dynamics pp. 1007-1047

Henry S. Farber and Robert Gibbons

Redlining in Boston: Do Mortgage Lenders Discriminate Against Neighborhoods? pp. 1049-1079

Geoffrey Tootell

Channels of Interstate Risk Sharing: United States 1963–1990 pp. 1081-1110

Pierfederico Asdrubali, Bent E. Sørensen and Oved Yosha

Speculative Investor Behavior and Learning pp. 1111-1133

Stephen Morris

Costly Arbitrage: Evidence from Closed-End Funds pp. 1135-1151

Jeffrey Pontiff

Preemptive R&D, Rent Dissipation, and the "Leverage Theory" pp. 1153-1181

Jay Choi

Monetary Policy Shifts and Long-Term Interest Rates pp. 1183-1209

Jeffrey Fuhrer

Convergence to the Law of One Price Without Trade Barriers or Currency Fluctuations pp. 1211-1236

David Parsley and Shang-Jin Wei

Tax Subsidies and Household Saving: Evidence from Canada pp. 1237-1268

Gary V. Engelhardt

Volume 111, issue 3, 1996

The Finance-Growth Nexus: Evidence from Bank Branch Deregulation pp. 639-670

Jith Jayaratne and Philip E. Strahan

How Teachers' Unions Affect Education Production pp. 671-718

Caroline Minter Hoxby

Procyclical Productivity: Increasing Returns or Cyclical Utilization? pp. 719-751

Susanto Basu

Options, the Value of Capital, and Investment pp. 753-777

Andrew B. Abel, Avinash Dixit, Janice Eberly and Robert Pindyck

A Microfoundation for Social Increasing Returns in Human Capital Accumulation pp. 779-804

Daron Acemoglu

On the Timing and Efficiency of Creative Destruction pp. 805-852

Ricardo Caballero and Mohamad L. Hammour

Nominal Wage Stickiness and Aggregate Supply in the Great Depression pp. 853-883

Ben Bernanke and Kevin Carey

Demand Uncertainty, Inventories, and Resale Price Maintenance pp. 885-913

Raymond Deneckere, Howard P. Marvel and James Peck

Sex Discrimination in Restaurant Hiring: An Audit Study pp. 915-941

David Neumark, Roy J. Bank and Kyle D. Van Nort

A Further Augmentation of the Solow Model and the Empirics of Economic Growth for OECD Countries pp. 943-953

Walter Nonneman and Patrick Vanhoudt

Volume 111, issue 2, 1996

An Analysis of Out-of-Wedlock Childbearing in the United States pp. 277-317

George Akerlof, Janet L. Yellen and Michael Katz

The Effect of Prison Population Size on Crime Rates: Evidence from Prison Overcrowding Litigation pp. 319-351

Steven Levitt

Do Doctors Practice Defensive Medicine? pp. 353-390

Daniel Kessler and Mark McClellan

Does Public Insurance Crowd out Private Insurance? pp. 391-430

David M. Cutler and Jonathan Gruber

Health Insurance Eligibility, Utilization of Medical Care, and Child Health pp. 431-466

Janet Currie and Jonathan Gruber

Teen Motherhood and Abortion Access pp. 467-506

Thomas J. Kane and Douglas Staiger

Crime and Social Interactions pp. 507-548

Edward L. Glaeser, Bruce Sacerdote and José A. Scheinkman

Integrating Behavioral Choice into Epidemiological Models of AIDS pp. 549-573

Michael Kremer

Immigration and the Welfare State: Immigrant Participation in Means-Tested Entitlement Programs pp. 575-604

George Borjas and Lynette Hilton

Labor Supply Response to the Earned Income Tax Credit pp. 605-637

Nada Eissa and Jeffrey Liebman

Volume 111, issue 1, 1996

Choosing the Wrong Pond: Social Comparisons in Negotiations That Reflect a Self-Serving Bias pp. 1-19

Linda Babcock, Xianghong Wang and George Loewenstein

Why Are Professional Forecasters Biased? Agency versus Behavioral Explanations pp. 21-40

Tilman Ehrbeck and Robert Waldmann

Income Inequality and Choice of Free Trade in a Model of Intraindustry Trade pp. 41-64

Ronald Fischer and Pablo Serra

A Model of Political Competition with Citizen-Candidates pp. 65-96

Martin Osborne and Al Slivinski

Do Public Schools Hire the Best Applicants? pp. 97-133

Dale Ballou

Income Distribution, Communities, and the Quality of Public Education pp. 135-164

Raquel Fernandez and Richard Rogerson

Loss-Avoidance and Forward Induction in Experimental Coordination Games pp. 165-194

Gérard P. Cachon and Colin Camerer

The Creation and Capture of Rents: Wages and Innovation in a Panel of U. K. Companies pp. 195-226

John van Reenen

Wages, Profits, and Rent-Sharing pp. 227-251

David Blanchflower, Andrew Oswald and Peter Sanfey

Search with Learning and Price Adjustment Dynamics pp. 253-268

Arthur Fishman

Is Fixed Investment the Key to Economic Growth? pp. 269-276

Magnus Blomstrom, Robert Lipsey and Mario Zejan

Volume 110, issue 4, 1995

Globalization and the Inequality of Nations pp. 857-880

Paul Krugman and Anthony Venables

Expansion of Markets and the Geographic Distribution of Economic Activities: The Trends in U. S. Regional Manufacturing Structure, 1860–1987 pp. 881-908

Sukkoo Kim

The Medicaid Notch, Labor Supply, and Welfare Participation: Evidence from Eligibility Expansions pp. 909-939

Aaron Yelowitz

Finishing High School and Starting College: Do Catholic Schools Make a Difference? pp. 941-974

William Evans and Robert M. Schwab

Some Empirical Evidence on the Effects of Shocks to Monetary Policy on Exchange Rates pp. 975-1009

Martin Eichenbaum and Charles Evans

Financial Systems in Northern Thai Villages pp. 1011-1046

Robert M. Townsend

What Determines the Value of Corporate Votes? pp. 1047-1073

Luigi Zingales

Foreign Competition, Market Power, and Wage Inequality pp. 1075-1110

George Borjas and Valerie Ramey

How Do We Know That Real Wages Are Too High? pp. 1111-1125

Alan Manning

Growth Empirics: A Panel Data Approach pp. 1127-1170

Nazrul Islam

Corrigendum pp. 1171

Duncan Foley

Volume 110, issue 3, 1995

Social Mobility and Redistributive Politics pp. 551-584

Thomas Piketty

Ambiguity Aversion and Comparative Ignorance pp. 585-603

Craig R. Fox and Amos Tversky

Case-Based Decision Theory pp. 605-639

Itzhak Gilboa and David Schmeidler

The Tyranny of Numbers: Confronting the Statistical Realities of the East Asian Growth Experience pp. 641-680

Alwyn Young

Corruption and Growth pp. 681-712

Paolo Mauro

Did Workers Pay for the Passage of Workers' Compensation Laws? pp. 713-742

Price Fishback and Shawn Kantor

Is the Behavior of Hours Worked Consistent with Implicit Contract Theory? pp. 743-768

Paul Beaudry and John DiNardo

Does Electoral Accountability Affect Economic Policy Choices? Evidence from Gubernatorial Term Limits pp. 769-798

Timothy Besley and Anne Case

Monopolistic Competition and International Trade: Reconsidering the Evidence pp. 799-836

David Hummels and James Levinsohn

The Long Side of the Market and the Short End of the Stick: Bargaining Power and Price Formation in Buyers', Sellers', and Balanced Markets pp. 837-855

Curtis R. Taylor

Volume 110, issue 2, 1995

Arm's Length Relationships pp. 275-295

Jacques Crémer

Pensions and Retirement: Evidence from Union Army Veterans pp. 297-319

Dora Costa

The Timing and Magnitude of Retail Store Markdowns: Evidence from Weekends and Holidays pp. 321-352

Elizabeth J. Warner and Robert Barsky

Economic Growth and the Environment pp. 353-377

Gene M. Grossman and Alan Krueger

Prices and Trading Volume in the Housing Market: A Model with Down-Payment Effects pp. 379-406

Jeremy C. Stein

The Effect of Credit Market Competition on Lending Relationships pp. 407-443

Mitchell A. Petersen and Raghuram Rajan

A Theoretical and Empirical Investigation of the Effects of Public Health Subsidies for STD Testing pp. 445-474

Tomas Philipson and Richard Posner

The Effects of Tax-Based Saving Incentives on Government Revenue and National Saving pp. 475-494

Martin Feldstein

Time Series Tests of Endogenous Growth Models pp. 495-525

Charles Jones

The High Unemployment Trap pp. 527-550

Gilles Saint-Paul

Volume 110, issue 1, 1995

Warm-Glow versus Cold-Prickle: The Effects of Positive and Negative Framing on Cooperation in Experiments pp. 1-21

James Andreoni

Search at Wholesale Auto Auctions pp. 23-49

David Genesove

The Effect of Arrests on the Employment and Earnings of Young Men pp. 51-71

Jeffrey Grogger

Myopic Loss Aversion and the Equity Premium Puzzle pp. 73-92

Shlomo Benartzi and Richard Thaler

Word-of-Mouth Communication and Social Learning pp. 93-125

Glenn Ellison and Drew Fudenberg

Inflation Persistence pp. 127-159

Jeffrey Fuhrer and George Moore

Relative-Price Changes as Aggregate Supply Shocks pp. 161-193

Laurence Ball and N. Gregory Mankiw

Trade and Circuses: Explaining Urban Giants pp. 195-227

Alberto F. Ades and Edward L. Glaeser

Aggregate Price Indices, New Goods, and Generics pp. 229-244

Franklin M. Fisher and Zvi Griliches

Sticky Prices: New Evidence from Retail Catalogs pp. 245-274

Anil Kashyap