Demographics and the Politics of Capital Taxation in a Life-Cycle Economy

By Xavier Mateos-Planas

American Economic Review, March 2010

This article studies the effects of demographics on the mix of tax rates on labor and capital. It uses a quantitative general-equilibrium, overlapping-generations model where tax rates are voted without past commitments in every period and characterize...

Earnings Inequality and the Intersectionality of Gender and Ethnicity in Sub-Saharan Africa: The Case of Tanzanian Manufacturing

By Juliet U. Elu and Linda Loubert

American Economic Review, May 2013

This paper estimates quantile earnings functions with data from the 2004 Tanzanian Household Worker Survey to determine if ethnicity and gender--being female--matters per se and across the distribution of earnings. We find that in the Tanzanian manufactur...

Priced and Unpriced Online Markets

[Symposium: Internet Economics]

By Benjamin Edelman

Journal of Economic Perspectives, Summer 2009

Some online resources are free and others are not -- but it can be hard to predict which resources are in which category. In some cases, users are charged for things such as web-based e-mail, wireless Internet access, and software, while in other cases, t...

The Power of Focal Points Is Limited: Even Minute Payoff Asymmetry May Yield Large Coordination Failures

By Vincent P. Crawford, Uri Gneezy, and Yuval Rottenstreich

American Economic Review, September 2008

Since Schelling, it has often been assumed that players make use of salient decision labels to achieve coordination. Consistent with previous work, we find that given equal payoffs, salient labels yield frequent coordination. However, given even minute...

Symposium on Organizations and Economics

[Symposium: Organizations and Economics]

By Joseph E. Stiglitz

Journal of Economic Perspectives, Spring 1991

Legality and Market Reform in Soviet-Type Economies

[Symposium: Economic Transition in the Soviet Union and Eastern Europe]

By John M. Litwack

Journal of Economic Perspectives, Fall 1991

The classical Soviet-type system operates in the virtual absence of economic legality, which is a prerequisite to a successful transition to a market economy in the Soviet Union and the nations of Eastern Europe. In the absence of economic legality, the l...

Report of the Editor: American Economic Review

By Robert A. Moffitt

American Economic Review, May 2009

Report of the Editor: American Economic Journal: Applied Economics

By Esther Duflo

American Economic Review, May 2013

A Review of Avner Greif's Institutions and the Path to the Modern Economy: Lessons from Medieval Trade

By Gregory Clark

Journal of Economic Literature, September 2007

Avner Greif's Institutions and the Path to the Modern Economy: Lessons from Medieval Trade (Cambridge University Press, 2006) is a major work in the ongoing project of many economists and economic historians to show that institutions are the funda...

Integrated GDP-Productivity Accounts

By Michael J. Harper, Brent R. Moulton, Steven Rosenthal, and David B. Wasshausen

American Economic Review, May 2009

The Rich Domain of Uncertainty: Source Functions and Their Experimental Implementation

By Mohammed Abdellaoui, Aurélien Baillon, Laetitia Placido, and Peter P. Wakker

American Economic Review, April 2011

We often deal with uncertain events for which no probabilities are known. Several normative models have been proposed. Descriptive studies have usually been qualitative, or they estimated ambiguity aversion through one single number. This paper introduces...

Recommendations for Further Reading

By Timothy Taylor

Journal of Economic Perspectives, Summer 2010

Understanding, Speaking, Reading, Writing, and Earnings in the Immigrant Labor Market

By Anthony P. Carnevale, Richard A. Fry, and B. Lindsay Lowell

American Economic Review, May 2001

Demand Systems with and without Errors

By Arthur Lewbel

American Economic Review, June 2001

Revealed preference theory assumes that each consumer has demands that are rational, meaning that they arise from the maximization of his or her own utility function. In contrast, econometric or statistical demand models assume that each consumer's demand...

The Impact of Global Warming on Agriculture: A Ricardian Analysis: Comment

By Roy Darwin

American Economic Review, September 1999

Safety Traps

By Kenza Benhima and Baptiste Massenot

American Economic Journal: Macroeconomics, October 2013

Fear of risk provides a rationale for protracted economic downturns. We develop a real business cycle model where investors with decreasing relative risk aversion choose between a risky and a safe technology that exhibit decreasing returns. Because of ...

Report: Ad Hoc Search Committee for the Editor of the American Economic Journal: Economic Policy

By David Cutler, Amy Finkelstein, Adriana Lleras-Muney, James Poterba, David Romer, and Robert Shimer

American Economic Review, May 2013

Has the "Million-Dollar Cap" Affected CEO Pay?

By Nancy L. Rose and Catherine Wolfram

American Economic Review, May 2000

Controlling Automobile Insurance Costs

By J. David Cummins and Sharon Tennyson

Journal of Economic Perspectives, Spring 1992

We begin by providing an overview of the auto insurance system and the structure of the auto insurance market. We then turn to an analysis of the factors underlying the auto insurance price increases experienced in recent years. We find that the auto insu...

Tracking Intergenerational Progress for Immigrant Groups: The Problem of Ethnic Attrition

By Brian Duncan and Stephen J. Trejo

American Economic Review, May 2011

In tracking the later-generation descendants of immigrants, measurement biases can arise from "ethnic attrition" (e.g., US-born individuals who do not self-identify as Mexican despite having ancestors who immigrated from Mexico). We present evidence that ...