School Resources and Student Outcomes: An Overview of the Literature and New Evidence from North and South Carolina

[Symposium: Primary and Secondary Education]

By David Card and Alan B. Krueger

Journal of Economic Perspectives, Fall 1996

This paper reviews and interprets the literature on the effects of school resources on students' eventual earnings and educational attainment. In addition, new evidence is presented on the impact of the great disparity in school resources between black an...

Growth, Adoption, and Use of Mobile E-Commerce

By Liran Einav, Jonathan Levin, Igor Popov, and Neel Sundaresan

American Economic Review, May 2014

We document some early effects of how mobile devices might change Internet and retail commerce. We present three main findings based on an analysis of eBay's mobile shopping application and core Internet platform. First, early adopters of mobile e-commerc...

Inputs and Impacts in Charter Schools: KIPP Lynn

By Joshua D. Angrist, Susan M. Dynarski, Thomas J. Kane, Parag A. Pathak, and Christopher R. Walters

American Economic Review, May 2010

Time Is Money: Choosing between Charitable Activities

By Naomi E. Feldman

American Economic Journal: Economic Policy, February 2010

This paper analyzes the impact of a preferential tax-price for monetary donations on the joint decision to donate time (volunteer) and money. The methodological approach takes into account that consumption of each charitable good affects consumption of...

Climate Change and Birth Weight

By Olivier Deschenes, Michael Greenstone, and Jonathan Guryan

American Economic Review, May 2009

Household Surveys in Crisis

By Bruce D. Meyer, Wallace K. C. Mok, and James X. Sullivan

Journal of Economic Perspectives, Fall 2015

Household surveys, one of the main innovations in social science research of the last century, are threatened by declining accuracy due to reduced cooperation of respondents. While many indicators of survey quality have steadily declined in recent d...

Surviving the Global Financial Crisis: Foreign Ownership and Establishment Performance

By Laura Alfaro and Maggie Xiaoyang Chen

American Economic Journal: Economic Policy, August 2012

We examine the differential response of establishments to the recent global financial crisis with particular emphasis on the role of foreign ownership. Using a worldwide establishment panel dataset, we investigate how multinational subsidiaries around the...

Using Selection on Observed Variables to Assess Bias from Unobservables When Evaluating Swan-Ganz Catheterization

By Joseph G. Altonji, Todd E. Elder, and Christopher R. Taber

American Economic Review, May 2008

The Composition Effect of Consumption around Retirement: Evidence from Singapore

By Sumit Agarwal, Jessica Pan, and Wenlan Qian

American Economic Review, May 2015

It is well established that consumption is "hump" shaped over an individual's lifecycle, peaking in middle age and then declining in the years that follow. Prior research has documented that consumption declines at retirement, which is inconsistent with t...

Content-Based Agendas and Qualified Majorities in Sequential Voting

By Andreas Kleiner and Benny Moldovanu

American Economic Review, June 2017

We analyze sequential, binary voting schemes in settings where several privately informed agents have single-peaked preferences over a finite set of alternatives, and we focus on robust equilibria that do not depend on assumptions about the players' belie...

Generalized Systematic Risk

By Ohad Kadan, Fang Liu, and Suying Liu

American Economic Journal: Microeconomics, May 2016

We generalize the concept of "systematic risk" to a broad class of risk measures potentially accounting for high distribution moments, downside risk, rare disasters, as well as other risk attributes. We offer two different approaches. First is an equil...

The Response of Household Saving to the Large Shock of German Reunification

By Nicola Fuchs-Schundeln

American Economic Review, December 2008

German reunification was a large, unexpected shock for East Germans. Exploiting German reunification as a natural experiment, I analyze the validity of the life-cycle consumption model. I derive three stylized features concerning the saving behavior of...

Exclusive Dealing and Entry, When Buyers Compete: Comment

By Julian Wright

American Economic Review, June 2009

In a recent paper, Chiara Fumagalli and Massimo Motta (2006) challenge the idea that an incumbent can foreclose efficient entry in the face of scale economies by using exclusive contracts. They claim that inefficient exclusion does not arise when buyers a...

Cooperative Investments and the Value of Contracting

By Yeon-Koo Che and Donald B. Hausch

American Economic Review, March 1999

Recent articles have shown that contracts can support the efficient outcome for bilateral trade even in the face of specific investments and incomplete contracting. These studies typically considered 'selfish' investments that benefit the investor (e.g., ...

The Role of Information in Medical Markets: An Analysis of Publicly Reported Outcomes in Cardiac Surgery

By David M. Cutler, Robert S. Huckman, and Mary Beth Landrum

American Economic Review, May 2004

Risk Preferences in the PSID: Individual Imputations and Family Covariation

By Miles S. Kimball, Claudia R. Sahm, and Matthew D. Shapiro

American Economic Review, May 2009

International Liquidity in a Multipolar World

By Barry Eichengreen

American Economic Review, May 2012

Today's global monetary and financial system, to a remarkable extent, continues to rely on the U.S. dollar for international liquidity. This reflects the currency's historic role, the liquidity of American financial markets, and the absence of alternativ...

Policy Watch: Child Support Policies

By Robert I. Lerman

Journal of Economic Perspectives, Winter 1993

With more parents living apart, the societal problem of parents who fail to share with each other or with their children becomes more acute. Although governments have mainly relied on public transfers to address the resulting economic hardships among chil...

Productivity and Selection of Human Capital with Machine Learning

By Aaron Chalfin, Oren Danieli, Andrew Hillis, Zubin Jelveh, Michael Luca, Jens Ludwig, and Sendhil Mullainathan

American Economic Review, May 2016

Economists have become increasingly interested in studying the nature of production functions in social policy applications, with the goal of improving productivity. Traditionally models have assumed workers are homogenous inputs. However, in practice, su...

The Impact of Challenge Quizzes on Student Knowledge

By KimMarie McGoldrick and Peter W. Schuhmann

American Economic Review, May 2016

We evaluate the efficacy of a blended formative/summative assessment tool developed to support mastery learning by students without placing undue burden on instructors. Our innovation provides students with an opportunity to take a more difficult "challen...