Regulation, Institutions, and Productivity: New Macroeconomic Evidence from OECD Countries

By Balázs Égert

American Economic Review, May 2016

This paper seeks to understand the drivers of country-level multi-factor productivity (MFP) with a special emphasis on product and labour market policies and the quality of institutions. For a panel of OECD countries, we find that anticompetitive product ...

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Spring 1999

Incentives and Innovation: A Multitasking Approach

By Thomas Hellmann and Veikko Thiele

American Economic Journal: Microeconomics, February 2011

This paper develops a multitask model where employees make choices between their assigned standard tasks, for which the firm has a performance measure and provides incentives, and privately observed innovation opportunities that fall outside of the perfo...

Lessons from Generational Accounting in Japan

By Noriyuki Takayama and Yukinobu Kitamura

American Economic Review, May 1999

Mortgages, Risk, and Homeownership among Low- and Moderate-Income Families

By Raphael W. Bostic and Kwan Ok Lee

American Economic Review, May 2008

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Winter 1991

Welfare Benefits and Female Headship in U.S. Time Series

By Robert A. Moffitt

American Economic Review, May 2000

The Economic Aftermath of Hurricane Katrina

By Jacob Vigdor

Journal of Economic Perspectives, Fall 2008

On August 29, 2005, Hurricane Katrina swept into Louisiana and New Orleans, a city built largely on land reclaimed from swamp, witnessed massive failures in its levees. Much of the city and its surrounding suburbs were inundated; those residents of the ci...

Bailouts, Time Inconsistency, and Optimal Regulation: A Macroeconomic View

By V. V. Chari and Patrick J. Kehoe

American Economic Review, September 2016

A common view is that bailouts of firms by governments are needed to cure inefficiencies in private markets. We propose an alternative view: even when private markets are efficient, costly bankruptcies will occur and benevolent governments without commitm...

The Chinese Warrants Bubble

By Wei Xiong and Jialin Yu

American Economic Review, October 2011

In 2005-2008, over a dozen put warrants traded in China went so deep out of the money that they were almost certain to expire worthless. Nonetheless, each warrant was traded more than three times each day at substantially inflated prices. This bubble is ...

Cooperation and Punishment in Public Goods Experiments

By Ernst Fehr and Simon Gächter

American Economic Review, September 2000

Policy Watch: The Family and Medical Leave Act

By Christopher J. Ruhm

Journal of Economic Perspectives, Summer 1997

This article summarizes the provisions of the Family and Medical Leave Act, its possible effects on labor markets, and the resulting changes in the ability of workers to take leave. The author concludes that the actual provisions of the act are quite mode...

Classifying Economics: A History of the JEL Codes

By Beatrice Cherrier

Journal of Economic Literature, June 2017

In this paper, I suggest that the history of the classification system used by the American Economic Association (AEA) to list economic literature and scholars is a relevant proxy to understand the transformation of economics science throughout the twen...

Monetary Instability, the Predictability of Prices, and the Allocation of Investment: An Empirical Investigation Using U.K. Panel Data

By Paul Beaudry, Mustafa Caglayan, and Fabio Schiantarelli

American Economic Review, June 2001

Leaving the Countryside: Rural-to-Urban Migration Decisions in China

By Yaohui Zhao

American Economic Review, May 1999

Capture and Governance at Local and National Levels

By Pranab K. Bardhan and Dilip Mookherjee

American Economic Review, May 2000

The Worker Adjustment and Retraining Notification Act

By John T. Addison and McKinley L. Blackburn

Journal of Economic Perspectives, Winter 1994

With the passage of the 1988 Worker Adjustment and Retraining Notification Act, the United States belatedly joined the large number of industrialized nations that require employers to provide affected workers with advance notice of a plant closing or mass...

Salience and Taxation: Theory and Evidence

By Raj Chetty, Adam Looney, and Kory Kroft

American Economic Review, September 2009

Using two strategies, we show that consumers underreact to taxes that are not salient. First, using a field experiment in a grocery store, we find that posting tax-inclusive price tags reduces demand by 8 percent. Second, increases in taxes included in...

Women on Welfare: A Macroeconomic Analysis

By Jeremy Greenwood, Nezih Guner, and John A. Knowles

American Economic Review, May 2000

Does Network Theory Connect to the Rest of Us? A Review of Matthew O. Jackson's Social and Economic Networks

By James E. Rauch

Journal of Economic Literature, December 2010

The ubiquity of networks in our social lives has long been recognized, and their importance in our economic lives is increasingly recognized as well. Yet the literature synthesized in Matthew O. Jackson's Social and Economic Networks, which covers the the...