Optimal Regional Redistribution under Asymmetric Information

By Massimo Bordignon, Paolo Manasse, and Guido Tabellini

American Economic Review, June 2001

Individual Consumption Risk and the Welfare Cost of Business Cycles

By Massimiliano De Santis

American Economic Review, September 2007

We measure the welfare gain from removing aggregate consumption fluctuations in a model where each individual faces incomplete consumption insurance. We show that, because this welfare gain is a convex function of the overall consumption risk—aggreg...

The Economics Major as Part of a Liberal Education: The Teagle Report: Comment

By George Daly

American Economic Review, May 2009

Puzzles: The Arbitrage Mirage, Wait Watchers, and More

By Barry Nalebuff

Journal of Economic Perspectives, Summer 1989

This feature begins with three puzzles motivated by the paradox of the "greener envelope," which was described in detail in the Winter 1989 issue. Following these exchange paradoxes are two longer puzzles, also with answers provided at the end. The longer...

Market Structure and Racial Earnings: Evidence from Job-Changers

By Jacqueline Agesa, Richard U. Agesa, and Gary A. Hoover

American Economic Review, May 2001

How Do Gasoline Prices Affect Fleet Fuel Economy?

By Shanjun Li, Christopher Timmins, and Roger H. von Haefen

American Economic Journal: Economic Policy, August 2009

Exploiting a rich dataset of passenger vehicle registrations in 20 US MSAs from 1997 to 2005, we examine the effects of gasoline prices on the automotive fleet's composition. We find that high gasoline prices affect fleet fuel economy through two chann...

Industrial Structure and Capital Flows

By Keyu Jin

American Economic Review, August 2012

This paper provides a new theory of international capital flows. In a framework that integrates factor-proportions-based trade and financial capital flows, a novel force emerges: capital tends to flow toward countries that become more specialized in capi...

The Impact of Family Income on Child Achievement: Evidence from the Earned Income Tax Credit: Comment

By Samuel Lundstrom

American Economic Review, February 2017

In a recent article in the American Economic Review, Dahl and Lochner (2012) use changes in the Earned Income Tax Credit to estimate the causal effect of family income on child achievement. Their instrumental variable (IV) estimates imply that a ...

Bimetallism Revisited

By Milton Friedman

Journal of Economic Perspectives, Fall 1990

Until recently, I shared what I take to be the conventional view of monetary economists about the relative merits of bimetallism and gold monometallism: namely, that bimetallism is an unstable and unsatisfactory monetary standard involving frequent shifts...

Artistic Originals as a Capital Asset

By Rachel Soloveichik

American Economic Review, May 2010

Disasters and Recoveries

By Francois Gourio

American Economic Review, May 2008

Economics of Development and the Development of Economics

By Pranab Bardhan

Journal of Economic Perspectives, Spring 1993

The purpose of this paper is to restore some historical perspective by highlighting the many contributions of development economics to the rest of economics. We will point out to the younger generations how some of the glittering ideas they currently play...

The Criminal Justice Response to Policy Interventions: Evidence from Immigration Reform

By Sarah Bohn, Matthew Freedman, and Emily Owens

American Economic Review, May 2015

Changes in the treatment of individuals by the criminal justice system following a policy intervention may bias estimates of the effects of the intervention on underlying criminal activity. We explore the importance of such changes in the context of the I...

Offshoring in a Ricardian World

By Andrés Rodríguez-Clare

American Economic Journal: Macroeconomics, April 2010

This paper proposes a Ricardian model to understand the short-run and long-run aggregate effects of increased fragmentation and offshoring on rich and poor countries. The short-run analysis shows that, when offshoring is sufficiently high, further incr...

How Costly Is Protectionism?

By Robert C. Feenstra

Journal of Economic Perspectives, Summer 1992

How costly is protectionism? This paper begins from a U.S. perspective, examining the costs to both the U.S. and other countries from U.S. protectionism. It emphasizes that substantial costs are imposed on foreign countries by U.S. protectionism. These co...

The Efficacy of Collaborative Learning Recitation Sessions on Student Outcomes

By Kim P. Huynh, David T. Jacho-Chávez, and James K. Self

American Economic Review, May 2010

Editors' Introduction

By William R. Johnson and Jane E. Voros

American Economic Review, May 2009

A Short-Run View of What Computers Do: Evidence from a UK Tax Incentive

By Paul Gaggl and Greg C. Wright

American Economic Journal: Applied Economics, July 2017

We study the short-run causal effect of Information and Communication Technology (ICT) adoption on employment and wage distribution. We exploit a natural experiment generated by a tax allowance on ICT investments and find that the primary effect of ICT is...

Foreign Students in U.S. Doctoral Programs

By Nahid Aslanbeigui and Veronica Montecinos

Journal of Economic Perspectives, Summer 1998

In 1996, foreigners represented over half of the doctoral student population in economics, up from 20 percent in 1972. This article presents a profile of foreign students in economics Ph.D. programs in the United States based on survey and interview data ...

Culture and Intraracial Wage Inequality among America's African Diaspora

By Patrick L. Mason

American Economic Review, May 2010