Optimal Interventions in Markets with Adverse Selection

By Thomas Philippon and Vasiliki Skreta

American Economic Review, February 2012

We study the design of interventions to stabilize financial markets plagued by adverse selection. Our contribution is to analyze the information revealed by participation decisions. Taking part in a government program carries a stigma, and outside option...

Fewer Monies, Better Monies

By Rudi Dornbusch

American Economic Review, May 2001

Carrots and Sticks: Fertility Effects of China's Population Policies

By Marjorie McElroy and Dennis Tao Yang

American Economic Review, May 2000

Quantifying the Contribution of Search to Wage Inequality

By Volker Tjaden and Felix Wellschmied

American Economic Journal: Macroeconomics, January 2014

We empirically establish that one-third of job transitions leads to wage losses. Using a quantitative on-the-job search model, we find that 60 percent of them are movements down the job ladder. Accounting for them, our baseline calibration matches the ...

All for One? Family Size and Children's Educational Distribution under Credit Constraints

By Jeanne Lafortune and Soohyung Lee

American Economic Review, May 2014

This paper examines the possibility that a child's years of schooling could increase in the number of siblings, instead of being diminished by competition for parents' resources: if unable to finance the education of their younger children, parents may do...

The Bundling of Academic Journals

By Aaron S. Edlin and Daniel L. Rubinfeld

American Economic Review, May 2005

Is the US Public Corporation in Trouble?

[Symposium: The Modern Corporation]

By Kathleen M. Kahle and René M. Stulz

Journal of Economic Perspectives, Summer 2017

We examine the current state of the US public corporation and how it has evolved over the last 40 years. After falling by 50 percent since its peak in 1997, the number of public corporations is now smaller than 40 years ago. These corporations are now...

Catching Up with the Economy

By Robert W. Fogel

American Economic Review, March 1999

The Political Economy of Debt Bondage

By Ulf von Lilienfeld-Toal and Dilip Mookherjee

American Economic Journal: Microeconomics, August 2010

What are the effects of restricting bonded labor clauses in tenancy or debt contracts? While such restrictions reduce agents' ability to credibly commit ex ante to repay principals in states where they default on their financial obligations, they also gen...

Meese-Rogoff Redux: Micro-Based Exchange-Rate Forecasting

By Martin D. D. Evans and Richard K. Lyons

American Economic Review, May 2005

Balance Sheets and Exchange Rate Policy

By Luis Felipe Céspedes, Roberto Chang, and Andrés Velasco

American Economic Review, September 2004

Monetary Policy and Market Interest Rates

By Tore Ellingsen and Ulf Soderstrom

American Economic Review, December 2001

Departure Times in Y-Shaped Traffic Networks with Multiple Bottlenecks

By Terry E. Daniel, Eyran J. Gisches, and Amnon Rapoport

American Economic Review, December 2009

We study the departure time decisions of commuters traversing a traffic network with the goal of arriving at a common destination at a specified time. There are costs associated with arriving either too early or too late, and with delays experienced at bo...

Technology Improves Learning in Large Principles of Economics Classes: Using Our WITS

By Sheryl B. Ball, Catherine Eckel, and Christian Rojas

American Economic Review, May 2006

The Determinants of Equilibrium Unemployment

By Eran Yashiv

American Economic Review, December 2000

The paper takes the search and matching model of the aggregate labor market to the data. It tests the model's empirical validity and employs structural estimation to generate a characterization of the optimal behavior of firms and workers. The model is ap...

Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias

By Orley Ashenfelter and Michael Greenstone

American Economic Review, May 2004

A Review of David Colander's The Making of an Economist, Redux

By Daniel S. Hamermesh

Journal of Economic Literature, June 2008

David Colander's update/reworking of his 1987 volume draws conclusions about graduate study in economics from interviews with students in selected leading U.S. programs. Although not formally statistical, the interviews support the conclusion that most...

How Local Are Labor Markets? Evidence from a Spatial Job Search Model

By Alan Manning and Barbara Petrongolo

American Economic Review, October 2017

This paper models the optimal search strategies of the unemployed across space to characterize local labor markets. Our methodology allows for linkages between numerous areas, while preserving tractability. We estimate that labor markets are quite local, ...

Demand Reduction in Multiunit Auctions: Evidence from a Sportscard Field Experiment

By John A. List and David Lucking-Reiley

American Economic Review, September 2000

Socioeconomic Differences in the Adoption of New Medical Technologies

By Dana Goldman and James P. Smith

American Economic Review, May 2005