Front Matter
(pp. i–ix)
American Economic Review
ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)
Vol. 102, No. 3, May 2012
Find articles in this issue
Foreword
(p. x)
Editors' Introduction
(pp. xi–xii)
Does the Current Account Still Matter?
(pp. 1–23)
Simple Market Equilibria with Rationally Inattentive Consumers
(pp. 24–29)
Information Processing and Limited Liability
(pp. 30–34)
Information Choice Technologies
(pp. 35–40)
Prospect Theory as Efficient Perceptual Distortion
(pp. 41–46)
Salience in Experimental Tests of the Endowment Effect
(pp. 47–52)
Getting at Systemic Risk via an Agent-Based Model of the Housing Market
(pp. 53–58)
Capital Shortfall: A New Approach to Ranking and Regulating Systemic Risks
(pp. 59–64)
Privacy-Preserving Methods for Sharing Financial Risk Exposures
(pp. 65–70)
Fiscal Policy and the Great Recession in the Euro Area
(pp. 71–76)
Fiscal Policy in a Financial Crisis: Standard Policy versus Bank Rescue Measures
(pp. 77–81)
Bubbles and Total Factor Productivity
(pp. 82–87)
Debt Financing in Asset Markets
(pp. 88–94)
Understanding Bubbly Episodes
(pp. 95–100)
The Safe-Asset Share
(pp. 101–06)
Three Principles for Market-Based Credit Regulation
(pp. 107–12)
Limited-Purpose Banking--Moving from "Trust Me" to "Show Me" Banking
(pp. 113–19)
Within-City Variation in Urban Decline: The Case of Detroit
(pp. 120–26)
Housing Booms and City Centers
(pp. 127–33)
Heterogeneity in Neighborhood-Level Price Growth in the United States, 1993-2009
(pp. 134–40)
Market Prices of Risk with Diverse Beliefs, Learning, and Catastrophes
(pp. 141–46)
Financial Innovation and Asset Price Volatility
(pp. 147–51)
International Robust Disagreement
(pp. 152–55)
Heterogeneous Beliefs, Wealth Distribution, and Asset Markets with Risk of Default
(pp. 156–60)
Estimating Sovereign Default Risk
(pp. 161–66)
Evolving Monetary/Fiscal Policy Mix in the United States
(pp. 167–72)
Monetary-Fiscal Policy Interactions and Indeterminacy in Postwar US Data
(pp. 173–78)
Real Exchange Rate Adjustment in and out of the Eurozone
(pp. 179–85)
Fiscal Consolidation in an Open Economy
(pp. 186–91)
Managing Currency Pegs
(pp. 192–97)
Can Asia Overcome the IMF Stigma?
(pp. 198–202)
Capital Flow Management
(pp. 203–06)
International Liquidity in a Multipolar World
(pp. 207–12)
Follow the Money: Quantifying Domestic Effects of Foreign Bank Shocks in the Great Recession
(pp. 213–18)
Flight Home, Flight Abroad, and International Credit Cycles
(pp. 219–24)
From Financial Crisis to Great Recession: The Role of Globalized Banks
(pp. 225–30)
International Shock Transmission after the Lehman Brothers Collapse: Evidence from Syndicated Lending
(pp. 231–37)
Moving to Higher Ground: Migration Response to Natural Disasters in the Early Twentieth Century
(pp. 238–44)
Nature versus Nurture: The Environment's Persistent Influence through the Modernization of American Agriculture
(pp. 245–49)
Adaptation to Climate Change in Preindustrial Iceland
(pp. 250–55)
Race and Gender Differences under Federal Sentencing Guidelines
(pp. 256–60)
Terrorism and Patriotism: On the Earnings of US Veterans following September 11, 2001
(pp. 261–66)
The Nonlinear Relationship between Terrorism and Poverty
(pp. 267–72)
War and Stature: Growing Up during the Nigerian Civil War
(pp. 273–77)
Nation Building and Economic Growth
(pp. 278–82)
The Determinants and Consequences of School Choice Errors in Kenya
(pp. 283–88)
Kinship and Financial Networks, Formal Financial Access, and Risk Reduction
(pp. 289–93)
Child Health and Conflict in Côte d'Ivoire
(pp. 294–99)
How Financial Literacy Affects Household Wealth Accumulation
(pp. 300–304)
Financial Education and Timely Decision Support: Lessons from Junior Achievement
(pp. 305–08)
Financial Knowledge and Financial Literacy at the Household Level
(pp. 309–13)
Effectiveness of Employer-Provided Financial Information: Hiring to Retiring
(pp. 314–18)
Efficient Auctions and Interdependent Types
(pp. 319–24)
Robustly Ranking Mechanisms
(pp. 325–29)
Approximation in Mechanism Design
(pp. 330–36)
Copyright Research in the Digital Age: Moving from Piracy to the Supply of New Products
(pp. 337–42)
Is Wikipedia Biased?
(pp. 343–48)
Shifts in Privacy Concerns
(pp. 349–53)
New Challenges in Multihospital Kidney Exchange
(pp. 354–59)
Holdout in the Assembly of Complements: A Problem for Market Design
(pp. 360–65)
Stability and Strategy-Proofness for Matching with Constraints: A Problem in the Japanese Medical Match and Its Solution
(pp. 366–70)
Understanding Price Controls and Nonprice Competition with Matching Theory
(pp. 371–75)
After Airline Deregulation and Alfred E. Kahn
(pp. 376–80)
Dynamic Pricing of Electricity
(pp. 381–85)
Telecommunications Deregulation
(pp. 386–90)
Government Policy for a Partially Deregulated Industry: Deregulate It Fully
(pp. 391–95)
Global Supply Chains and Wage Inequality
(pp. 396–401)
Sustaining Production Chains through Financial Linkages
(pp. 402–06)
Proximity and Production Fragmentation
(pp. 407–11)
Measuring the Upstreamness of Production and Trade Flows
(pp. 412–16)
Trade, Labor Market Frictions, and Residual Wage Inequality across Worker Groups
(pp. 417–23)
Offshoring, Transition, and Training: Evidence from Danish Matched Worker-Firm Data
(pp. 424–28)
Liberalized Trade and Worker-Firm Matching
(pp. 429–34)
Exports and Within-Plant Wage Distributions: Evidence from Mexico
(pp. 435–40)
Village Economic Accounts: Real and Financial Intertwined
(pp. 441–46)
Innovation in Space
(pp. 447–52)
Ricardo's Theory of Comparative Advantage: Old Idea, New Evidence
(pp. 453–58)
Tariff Revenue and Tariff Caps
(pp. 459–65)
Profits in the "New Trade" Approach to Trade Negotiations
(pp. 466–69)
Trade Agreements and the Nature of Price Determination
(pp. 470–76)
On the Use of Holdout Samples for Model Selection
(pp. 477–81)
Prediction with Misspecified Models
(pp. 482–86)
Assumptions Matter: Model Uncertainty and the Deterrent Effect of Capital Punishment
(pp. 487–92)
Heuristics and Heterogeneity in Health Insurance Exchanges: Evidence from the Massachusetts Connector
(pp. 493–97)
Health Reform, Health Insurance, and Selection: Estimating Selection into Health Insurance Using the Massachusetts Health Reform
(pp. 498–501)
The Impact of the Massachusetts Health Care Reform on Health Care Use among Children
(pp. 502–07)
How Did Health Care Reform in Massachusetts Impact Insurance Premiums?
(pp. 508–13)
The Long-Term Effects of UI Extensions on Employment
(pp. 514–19)
Unemployment in the Great Recession: Did the Housing Market Crisis Prevent the Unemployed from Moving to Take Jobs?
(pp. 520–25)
Contract Form, Wage Flexibility, and Employment
(pp. 526–31)
Access to Credit by Small Businesses: How Relevant Are Race, Ethnicity, and Gender?
(pp. 532–37)
Coming to America: Does Having a Developed Home Country Matter for Self-Employment in the United States?
(pp. 538–42)
The Labor Market Impact of Mandated Employment Verification Systems
(pp. 543–48)
The Employment of Low-Skilled Immigrant Men in the United States
(pp. 549–54)
Love and Money by Parental Matchmaking: Evidence from Urban Couples in China
(pp. 555–60)
Business Cycles and Gender Diversification: An Analysis of Establishment-Level Gender Dissimilarity
(pp. 561–65)
Birth Rates and the Vietnam Draft
(pp. 566–69)
Identification of the Effect of Depression on Risky Sexual Behavior: Exploiting a Natural Experiment
(pp. 570–74)
Hiring, Churn, and the Business Cycle
(pp. 575–79)
Job-to-Job Flows in the Great Recession
(pp. 580–83)
Recruiting Intensity during and after the Great Recession: National and Industry Evidence
(pp. 584–88)
Did the Housing Price Bubble Clobber Local Labor Market Job and Worker Flows When It Burst?
(pp. 589–93)
Time Use, Emotional Well-Being, and Unemployment: Evidence from Longitudinal Data
(pp. 594–99)
Retirement and Home Production: A Regression Discontinuity Approach
(pp. 600–605)
The Role of Preferences and Opportunity Costs in Determining the Time Allocated to Housework
(pp. 606–11)
Aggregate Impacts of a Gift of Time
(pp. 612–16)
Minutes of the Annual Business Meeting: Chicago, IL: January 7, 2012
(pp. 620–21)
Report of the Secretary for 2011
(pp. 622–25)
Report of the Treasurer
(pp. 626–30)
American Economic Association Universal Academic Questionnaire Summary Statistics
(pp. 631–34)
Minutes of the Meeting of the Executive Committee: Chicago, IL, April 15, 2011
(pp. 637–44)
Minutes of the Meeting of the Executive Committee: Chicago, IL, January 5, 2012
(pp. 645–52)
Report of the Editor: American Economic Review
(pp. 653–65)
Report of the Editor: Journal of Economic Literature
(pp. 666–68)
Report of the Editor: Journal of Economic Perspectives
(pp. 669–71)
Report of the Editor: American Economic Journal: Applied Economics
(pp. 672–75)
Report of the Editor: American Economic Journal: Economic Policy
(pp. 676–79)
Report of the Editor: American Economic Journal: Macroeconomics
(pp. 680–84)
Report of the Editor: American Economic Journal: Microeconomics
(pp. 685–87)
Report of the Director: Job Openings for Economists
(pp. 688–90)
Report of the Committee on Economic Education for 2011
(pp. 691–96)
Report of the Committee on the Status of Women in the Economics Profession 2011
(pp. 697–704)
Committee on the Status of Minority Groups in the Economics Profession: Report of Committee Activities for the 2011 Calendar Year
(pp. 705–09)
American Economic Association Committee on Statistics (AEAStat): Annual Report--2011
(p. 710)
Report of the Committee on Government Relations
(pp. 711–13)
The American Economic Association and Allied Social Science Associations
(pp. 714–15)
Report of the Selection Committee for the American Economic Journal: Macroeconomics Editor
(p. 716)