Pareto-Improving Social Security Reform when Financial Markets are Incomplete!?

By Dirk Krueger and Felix Kubler

American Economic Review, June 2006

This paper studies an overlapping generations model with stochastic production and incomplete markets to assess whether the introduction of an unfunded social security system leads to a Pareto improvement. When returns to capital and wages are imperfec...

Discrimination in the Post-Civil Rights Era: Beyond Market Interactions

[Symposium: Discrimination in Product, Credit and Labor Markets]

By Glenn C. Loury

Journal of Economic Perspectives, Spring 1998

This comment argues that discrimination against blacks remains important, especially in labor markets, but that its extent is modest both by historical standards and in relation to supply-side racial disparities. It contends that the racial skills gap is ...

The Returns to Currency Speculation in Emerging Markets

By Craig Burnside, Martin Eichenbaum, and Sergio Rebelo

American Economic Review, May 2007

Pricing to Habits and the Law of One Price

By Morten O. Ravn, Stephanie Schmitt-Grohé, and Martín Uribe

American Economic Review, May 2007

Playing the Admissions Game: Student Reactions to Increasing College Competition

[Symposium: College Admissions]

By John Bound, Brad Hershbein, and Bridget Terry Long

Journal of Economic Perspectives, Fall 2009

Gaining entrance to a four-year college or university, particularly a selective institution, has become increasingly competitive over the last several decades. We document this phenomenon and show how it has varied across different parts of the student ab...

Japan's Different Trade Regime: An Analysis with Particular Reference to Seiretsu

[Symposium: Is Japan's Trade Regime Different?]

By Robert Z. Lawrence

Journal of Economic Perspectives, Summer 1993

Many claim that although formal trade barriers have been removed at the border, Japanese markets remain unusually closed because of non-tariff barriers. After describing Japan's development strategy and the debate over the sources of Japanese growth, we c...

Costly Predation and the Distribution of Competence

By John Conlisk

American Economic Review, June 2001

An evolutionary game model shows how an equilibrium distribution of competence may evolve when members of a population prey on one another, but when predatory competence is costly to acquire. Under one interpretation, the competence distribution is an end...

Comments: Elbert Dijkgraaf and Raymond Gradus, Thomas Kinnaman; and a Correction

By Elbert Dijkgraaf, Raymond Gradus, Thomas Kinnaman, Dale W. Jorgenson, Mun S. Ho, and Kevin J. Stiroh

Journal of Economic Perspectives, Spring 2008

Recommendations for Further Reading

By Timothy Taylor

Journal of Economic Perspectives, Spring 2006

Report of the Editor: American Economic Journal: Microeconomics

By Andrew Postlewaite

American Economic Review, May 2013

Policy Watch: The Food Stamp Program and Welfare Reform

By Betsey A. Kuhn, Pamela Allen Dunn, David Smallwood, Kenneth Hanson, Jim Blaylock, and Stephen Vogel

Journal of Economic Perspectives, Spring 1996

Major changes have been proposed for the Food Stamp Program, including replacing the program with block grants to the states, cashing out the benefits, and reducing program funding from baseline levels. This paper will explore the impacts of food stamp re...

Morally Motivated Self-Regulation

By David P. Baron

American Economic Review, September 2010

Self-regulation is the private provision of public goods and private redistribution. This paper examines the scope of self-regulation motivated by altruistic moral preferences that are reciprocal and stronger the closer are citizens in a socioeconomic dis...

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Summer 2001

In Honor of David Card: Winner of the John Bates Clark Medal

By Richard B. Freeman

Journal of Economic Perspectives, Spring 1997

This paper describes the contribution of David Card, winner of the John Bates Clark Medal, to economics and the new empiricism that has become such an important part of the profession. Card's forte is creative and careful empirical scholarship that exploi...

The Effect of Child-Support Policies on Visitations and Transfers

By Daniela Del Boca and Rocio Ribero

American Economic Review, May 2001

Fertility Decline and Missing Women

By Seema Jayachandran

American Economic Journal: Applied Economics, January 2017

The desire for smaller families is conjectured as one reason the male-to-female sex ratio has increased with economic development in several countries. Families that strongly want at least one son are less likely to obtain him by chance at low fertility, ...

On the Determinants of Organizational Forgetting

By Guy David and Tanguy Brachet

American Economic Journal: Microeconomics, August 2011

Studies of organizational learning and forgetting identify potential channels through which the firm's production experience is lost. These channels have differing implications for efficient resource allocation within the firm, but their relative importan...

Does Buffer-Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption?

By Sydney C. Ludvigson and Alexander Michaelides

American Economic Review, June 2001

Contested Exchange versus the Governance of Contractual Relations

By Oliver E. Williamson

Journal of Economic Perspectives, Winter 1993

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Summer 1992