Stock-Market Participation, Intertemporal Substitution, and Risk-Aversion

By Annette Vissing-Jørgensen and Orazio P. Attanasio

American Economic Review, May 2003

Average Debt and Equity Returns: Puzzling?

By Ellen R. McGrattan and Edward C. Prescott

American Economic Review, May 2003

Employer Stock and 401(k) Plans

By James M. Poterba

American Economic Review, May 2003

Accounting in Partnerships

By Steven Huddart and Pierre Jinghong Liang

American Economic Review, May 2003

The Impact of Bankruptcy on Airline Service Levels

By Severin Borenstein and Nancy L. Rose

American Economic Review, May 2003

Endogenous Business Cycles and the Dynamics of Output, Hours, and Consumption

By Stephanie Schmitt-Grohe

American Economic Review, December 2000

This paper studies the business-cycle fluctuations predicted by a two-sector endogenous-business-cycle model with sector-specific external increasing returns to scale. It focuses on aspects of actual fluctuations that have been identified both as defining...

Law, Regulation, and the Business Climate: The Nature and Influence of the World Bank Doing Business Project

[Symposium: Doing Business]

By Timothy Besley

Journal of Economic Perspectives, Summer 2015

The importance of a well-functioning legal and regulatory system in creating an effective market economy is now widely accepted. One flagship project that tries to measure the environment in which businesses operate in countries across the world is the ...

Promises and Perils of Pre-analysis Plans

[Symposium: Pre-Analysis Plans in Economics]

By Benjamin A. Olken

Journal of Economic Perspectives, Summer 2015

The purpose of this paper is to help think through the advantages and costs of rigorous pre-specification of statistical analysis plans in economics. A pre-analysis plan pre-specifies in a precise way the analysis to be run before examining the data. ...

Front Matter

American Economic Review, May 2009

The Integrated Financial and Real System of National Accounts for the United States: Does It Presage the Financial Crisis?

By Michael G. Palumbo and Jonathan A. Parker

American Economic Review, May 2009

Ability, Gender, and Performance Standards: Evidence from Academic Probation

By Jason M. Lindo, Nicholas J. Sanders, and Philip Oreopoulos

American Economic Journal: Applied Economics, April 2010

We use a regression discontinuity design to examine students' responses to being placed on academic probation. Consistent with a model of introducing performance standards, we find that being placed on probation at the end of the first year discourages...

Policy Watch: Medicare

By Joseph P. Newhouse

Journal of Economic Perspectives, Summer 1996

The forecast growth for Medicare spending has created a highly visible budgetary impasse between the president and Congress. Both favor the growth of health plans that accept risk and would promote them by creating less restrictive options than heretofore...

Institutional Strategies to Achieve Gender Equity in Intercollegiate Athletics: Does Title IX Harm Male Athletes?

By Deborah J. Anderson and John J. Cheslock

American Economic Review, May 2004

Training and Lifetime Income

By Burhanettin Kuruscu

American Economic Review, June 2006

This paper challenges the notion that on-the-job training investments are quantitatively important for workers' welfare and argues that on-the-job training may not increase lifetime income by more than 1 percent. I argue that it is very difficult to recon...

The Impact of New Drugs on US Longevity and Medical Expenditure, 1990–2003: Evidence from Longitudinal, Disease-Level Data

By Frank R. Lichtenberg

American Economic Review, May 2007

Medium Term Business Cycles in Developing Countries

By Diego Comin, Norman Loayza, Farooq Pasha, and Luis Serven

American Economic Journal: Macroeconomics, October 2014

We study the transmission of business cycle fluctuations for developed (N ) to developing economies (S ) with a two-country, asymmetric, DSGE model with endogenous development of new technologies in N, and sunk costs of exporting and transferring the p...

Optimal Labor-Market Policy in Recessions

By Philip Jung and Keith Kuester

American Economic Journal: Macroeconomics, April 2015

Within a search and matching model with risk-averse workers, endogenous hiring and separation, and unobservable search effort, we show how to decentralize the constrained-efficient allocation by a combination of a production tax and three labor-market pol...

Front Matter

American Economic Journal: Microeconomics, August 2015

Cyber-Shilling in Automobile Auctions: Evidence from a Field Experiment

By David Grether, David Porter, and Matthew Shum

American Economic Journal: Microeconomics, August 2015

We run a large field experiment with an online company specializing in selling used automobiles via ascending auctions. We manipulate experimentally the "price grid," or the possible amounts that bidders can bid above the current standing price. Using two...

Collusion and the Organization of the Firm

By Alfredo Burlando and Alberto Motta

American Economic Journal: Microeconomics, August 2015

This paper shows that the threat of collusion between a productive agent and the auditor in charge of monitoring production can influence a number of organizational dimensions of the firm, including outsourcing decisions and the allocation of productio...