An Empirical Analysis of the Risk Properties of Human Capital Returns

By Ignacio Palacios-Huerta

American Economic Review, June 2003

Collusive Practices in Repeated English Auctions: Experimental Evidence on Bidding Rings

By Owen R. Phillips, Dale J. Menkhaus, and Kalyn T. Coatney

American Economic Review, June 2003

Estimating the Knowledge-Capital Model of the Multinational Enterprise: Comment

By Bruce A. Blonigen, Ronald B. Davies, and Keith Head

American Economic Review, June 2003

An Asset Allocation Puzzle: Comment

By Haim Shalit and Shlomo Yitzhaki

American Economic Review, June 2003

Endogenous Growth Without Scale Effects: Comment

By Chol-Won Li

American Economic Review, June 2003

Auditors' Report/Audited Financial Statements

American Economic Review, June 2003

Inequality and Growth: Why Differential Fertility Matters

By David de la Croix and Matthias Doepke

American Economic Review, September 2003

We develop a new theoretical link between inequality and growth. In our model, fertility and education decisions are interdependent. Poor parents decide to have many children and invest little in education. A mean-preserving spread in the income distribut...

Plants and Productivity in International Trade

By Andrew B. Bernard, Jonathan Eaton, J. Bradford Jensen, and Samuel Kortum

American Economic Review, September 2003

We reconcile trade theory with plant-level export behavior, extending the Ricardian model to accommodate many countries, geographic barriers, and imperfect competition. Our model captures qualitatively basic facts about U.S. plants: (i) productivity dispe...

Information, Decisions, and Productivity: On-Board Computers and Capacity Utilization in Trucking

By Thomas N. Hubbard

American Economic Review, September 2003

Productivity reflects not only how efficiently inputs are transformed into outputs, but also how well information is applied to resource allocation decisions. This paper examines how information technology has affected capacity utilization in the trucking...

Upward Bias in the Estimated Returns to Education: Evidence from South Africa

By Thomas Hertz

American Economic Review, September 2003

Inflation Persistence and Relative Contracting

By Steinar Holden and John C. Driscoll

American Economic Review, September 2003

The Importance of Group Coverage: How Tax Policy Shaped U.S. Health Insurance

By Melissa A. Thomasson

American Economic Review, September 2003

The Most Technologically Progressive Decade of the Century

By Alexander J. Field

American Economic Review, September 2003

Wage Adjustment Under Low Inflation: Evidence from U.S. History

By Christopher Hanes and John A. James

American Economic Review, September 2003

Elephants: Reply

By Michael Kremer and Charles Morcom

American Economic Review, September 2003

Pension Wealth and Household Saving: Evidence from Pension Reforms in the United Kingdom

By Orazio P. Attanasio and Susann Rohwedder

American Economic Review, December 2003

Using three major U.K. pension reforms as natural experiments we investigate the relationship between pension saving and discretionary private savings. Unlike most differences-in-differences approaches which rely on average differences between control and...

Valuing Biodiversity from an Economic Perspective: A Unified Economic, Ecological, and Genetic Approach

By William A. Brock and Anastasios Xepapadeas

American Economic Review, December 2003

We develop a conceptual framework for valuing biodiversity from an economic perspective. We argue for a dynamic economic welfare measure of biodiversity that complements the literature on benefit-cost approaches and genetic distance/phylogenic tree approa...

Assessing the Importance of Tiebout Sorting: Local Heterogeneity from 1850 to 1990

By Paul W. Rhode and Koleman S. Strumpf

American Economic Review, December 2003

This paper argues that long-run trends in geographic segregation are inconsistent with models where residential choice depends solely on local public goods (the Tiebout hypothesis). We develop an extension of the Tiebout model that predicts as mobility co...

Pregnancy and the Demand for Cigarettes

By W. David Bradford

American Economic Review, December 2003

Creating the U.S. Dollar Currency Union, 1748-1811: A Quest for Monetary Stability or a Usurpation of State Sovereignty for Personal Gain?

By Farley Grubb

American Economic Review, December 2003