Habits, Peers, and Happiness: An Evolutionary Perspective

By Luis Rayo and Gary S. Becker

American Economic Review, May 2007

Interbank Markets and Banking Crises: New Evidence on the Establishment and Impact of the Federal Reserve

By Mark Carlson and David C. Wheelock

American Economic Review, May 2016

This paper examines the impact of the Federal Reserve's founding on seasonal pressures and contagion risk in the interbank system. Deposit flows among classes of banks were highly seasonal before 1914; amplitude and timing varied regionally. Panics interr...

The Subjectivist Response

By Dale J. Poirier

Journal of Economic Perspectives, Winter 1988

[This paper responds to comments on "Frequentist and Subjectivist Perspectives on the Problems of Model Building in Economics," by Dale J. Poirier.] It is a rare opportunity to have one's research discussed in print by as eminent and contemplative a group...

Expropriation Dynamics

By Mark Aguiar, Manuel Amador, and Gita Gopinath

American Economic Review, May 2009

Sexual Violence against Women and Labor Market Outcomes

By Joseph J. Sabia, Angela K. Dills, and Jeffrey DeSimone

American Economic Review, May 2013

This study is the first in the economics literature to explore the labor market consequences of sexual violence toward women. Using data from the Add Health, we find that sexual violence against women is associated with a 6.6 percent lower probability of ...

Spatial Evolution of Population and Industry in the United States

By Duncan Black and Vernon Henderson

American Economic Review, May 1999

Corrigendum: Ideologues Beat Idealists

By Sambuddha Ghosh and Vinayak Tripathi

American Economic Journal: Microeconomics, August 2012

The Impact of Market Size and Composition on Health Insurance Premiums: Evidence from the First Year of the Affordable Care Act

By Michael J. Dickstein, Mark Duggan, Joe Orsini, and Pietro Tebaldi

American Economic Review, May 2015

Under the Affordable Care Act, individual states have discretion in how they define coverage regions, within which insurers must charge the same premium to buyers of the same age, family structure, and smoking status. We exploit variation in these definit...

Report of the Secretary for 2009

By John J. Siegfried

American Economic Review, May 2010

The War at Home: Effects of Vietnam-Era Military Service on Postwar Household Stability

By Dalton Conley and Jennifer Heerwig

American Economic Review, May 2011

Prior researchers have deployed the Vietnam-era draft lottery as an instrument to estimate causal effects of military service on health and earnings. However, household and residential outcomes may be more sensitive to the psychological effects of militar...

Economic Growth and the Elasticity of Substitution: Two Theorems and Some Suggestions

By Rainer Klump and Olivier de La Grandville

American Economic Review, March 2000

Revealing Preferences Graphically: An Old Method Gets a New Tool Kit

By Syngjoo Choi, Raymond Fisman, Douglas M. Gale, and Shachar Kariv

American Economic Review, May 2007

Theft, Gift-Giving, and Trustworthiness: Honesty Is Its Own Reward in Rural Paraguay

By Laura Schechter

American Economic Review, December 2007

In developing countries lacking legal enforcement, villagers may use implicit contracts to minimize crime. I construct a dynamic limited-commitment model, in which a thief cannot commit to forego stealing, but is induced to steal less by the promise of ...

Report of the Editor: American Economic Journal: Economic Policy

By Alan J. Auerbach

American Economic Review, May 2013

Markets: Cartel Behavior and Amateurism in College Sports

By Lawrence M. Kahn

Journal of Economic Perspectives, Winter 2007

This paper studies intercollegiate athletics in the context of the theory of cartels. Some point to the explicit attempts by the National Collegiate Athletic Association (NCAA) to restrict output and payments for factors of production as evidence of carte...

Sales and Monetary Policy

By Bernardo Guimaraes and Kevin D. Sheedy

American Economic Review, April 2011

A striking fact about pricing is the prevalence of "sales": large temporary price cuts followed by prices returning to exactly their former levels. This paper builds a macroeconomic model with a rationale for sales based on firms facing customers with dif...

The Impact of Crime and Insecurity on Trust in Democracy and Institutions

By Luisa Blanco and Isabel Ruiz

American Economic Review, May 2013

This paper examines the impact of crime and insecurity on support for and satisfaction with democracy and trust in institutions. We use survey data from the Latin American Public Opinion Project (LAPOP) for Colombia during the 2004-2010 period. We find th...

A Test for the Rational Ignorance Hypothesis: Evidence from a Natural Experiment in Brazil

By Fernanda Leite Lopez de Leon and Renata Rizzi

American Economic Journal: Economic Policy, November 2014

This paper tests the rational ignorance hypothesis by Downs (1957). This theory predicts that people do not acquire costly information to educate their votes. We provide new estimates for the effect of voting participation by exploring the Brazilian du...

The Effect of Migration on Wages: Evidence from a Natural Experiment

By Dakshina G. De Silva, Robert P. McComb, Young-Kyu Moh, Anita R. Schiller, and Andres J. Vargas

American Economic Review, May 2010

Labor Markets and Monetary Policy: A New Keynesian Model with Unemployment

By Olivier Blanchard and Jordi Galí

American Economic Journal: Macroeconomics, April 2010

We construct a utility-based model of fluctuations with nominal rigidities and unemployment. We first show that under a standard utility specification, productivity shocks have no effect on unemployment in the constrained efficient allocation. That pro...