Segregation, Rent Control, and Riots: The Economics of Religious Conflict in an Indian City

By Erica Field, Matthew Levinson, Rohini Pande, and Sujata Visaria

American Economic Review, May 2008

Fraudulent Claims and Nitpicky Insurers

By Jean-Marc Bourgeon and Pierre Picard

American Economic Review, September 2014

Insurers have the reputation of being bad payers who nitpick when- ever an opportunity arises. However, this nitpicking activity has a positive impact on their auditing strategy since auditing may prove profitable when claims are not fraudulent. We show t...

Using Engel's Law to Estimate CPI Bias

By Bruce W. Hamilton

American Economic Review, June 2001

Segregation and the Quality of Government in a Cross Section of Countries

By Alberto Alesina and Ekaterina Zhuravskaya

American Economic Review, August 2011

We provide a new compilation of data on ethnic, linguistic, and religious composition at the subnational level for a large number of countries. Using these data, we measure segregation of groups within the country. To overcome the endogeneity problem that...

Entrepreneurship as Experimentation

[Symposium: Entrepreneurship]

By William R. Kerr, Ramana Nanda, and Matthew Rhodes-Kropf

Journal of Economic Perspectives, Summer 2014

Entrepreneurship research is on the rise but many questions about the fundamental nature of entrepreneurship still exist. We argue that entrepreneurship is about experimentation; the probabilities of success are low, extremely skewed, and unknowable until...

Liquidity, Monetary Policy, and the Financial Crisis: A New Monetarist Approach

By Stephen D. Williamson

American Economic Review, October 2012

A model of public and private liquidity integrates financial intermediation theory with a New Monetarist monetary framework. Non-passive fiscal policy and costs of operating a currency system imply that an optimal policy deviates from the Friedman rule. ...

Anomalies: Parimutuel Betting Markets: Racetracks and Lotteries

By Richard H. Thaler and William T. Ziemba

Journal of Economic Perspectives, Spring 1988

Economists have given great attention to stock markets in their efforts to test the concepts of market efficiency and rationality. Yet wagering markets are, in one key respect, better suited for testing market efficiency and rationality. The advantage of ...

Life Expectancy and Old Age Savings

By Mariacristina De Nardi, Eric French, and John Bailey Jones

American Economic Review, May 2009

Income Inequality and Progressive Income Taxation in China and India, 1986-2015

By Thomas Piketty and Nancy Qian

American Economic Journal: Applied Economics, April 2009

This paper evaluates income tax reforms in China and India. The combination of fast income growth and under-indexed tax schedule in China implies the fraction of the Chinese population subject to income tax has increased from less than 0.1 percent in 1...

The Case for Trade Liberalization in Developing Countries

[Symposium: Trade Liberalization and Development]

By Rudiger Dornbusch

Journal of Economic Perspectives, Winter 1992

This paper reviews the actual situation of protection in developing countries, and then discusses the prospective gains from liberalization. Three experiences with liberalization, from three different parts of the world, are sketched: Turkey, Korea, and M...

Estimating the Deterrent Effect of Incarceration Using Sentencing Enhancements

By David S. Abrams

American Economic Journal: Applied Economics, October 2012

Increasing criminal sanctions may reduce crime through two primary mechanisms: deterrence and incapacitation. Disentangling their effects is crucial for optimal policy setting. I use sentence enhancements due to the introduction of state add-on gun laws...

Rethinking Social Insurance

By Martin Feldstein

American Economic Review, March 2005

How the Second-Order Free Rider Problem Is Solved in a Small-Scale Society

By Sarah Mathew

American Economic Review, May 2017

Moralistic punishment enables human cooperation, but an outstanding question is why people voluntarily sanction when they can obtain the benefits of punishment without being enforcers themselves. To address how decentralized societies solve this second-or...

Precautionary Saving and Consumption Fluctuations

By Jonathan A. Parker and Bruce Preston

American Economic Review, September 2005

This paper uses the consumption Euler equation to derive a decomposition of consumption growth into four sources. These four sources are new information, and three sources of predictable consumption growth: intertemporal substitution, changes in the prefe...

Matching and Money

By Dean Corbae, Ted Temzelides, and Randall Wright

American Economic Review, May 2002

Chaotic Interest-Rate Rules

By Jess Benhabib, Stephanie Schmitt-Grohé, and Martín Uribe

American Economic Review, May 2002

Taylor Rules in a Model that Satisfies the Natural-Rate Hypothesis

By Charles T. Carlstrom and Timothy S. Fuerst

American Economic Review, May 2002

The Choice of an Inflation Target Range in a Small Open Economy

By Christopher J. Erceg

American Economic Review, May 2002

Guess Who's Been Coming to Dinner? Trends in Interracial Marriage over the 20th Century

[Symposium: Household Economics]

By Roland G. Fryer Jr.

Journal of Economic Perspectives, Spring 2007

This paper studies marriages across black, white, and Asian racial lines. Marrying across racial lines is a rare event, even today. Interracial marriages account for approximately 1 percent of white marriages, 5 percent of black marriages, and 14 percent ...

The Natural Rate of Q

By Bill Dupor

American Economic Review, May 2002