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The New Growth Evidence

By Jonathan Temple

Journal of Economic Literature, March 1999

Why do growth rates differ? This paper surveys the recent empirical literature on economic growth, starting with a discussion of stylized facts, data problems, and statistical methods. Six research questions are emphasized, drawing on growth and convergen...

What Are Grades Made Of?

[Symposium: Grade Differences and Inflation]

By Alexandra C. Achen and Paul N. Courant

Journal of Economic Perspectives, Summer 2009

The term "grade inflation" covers a multitude of phenomena, some of which are even alleged to be sins. Continuing increases in average grades have been widely documented in many universities over the last several decades. Also widely documented, and ofte...

Too Big to Fail before the Fed

By Gary Gorton and Ellis W. Tallman

American Economic Review, May 2016

"Too-big-to-fail" is consistent with policies followed by private bank clearing houses during financial crises in the U.S. National Banking Era prior to the existence of the Federal Reserve System. Private bank clearing houses provided emergency lending t...

The Market for Charitable Giving

By John A. List

Journal of Economic Perspectives, Spring 2011

Through good and bad economic times, charitable gifts have continued to roll in largely unabated over the past half century. In a typical year, total charitable gifts of money now exceed 2 percent of gross domestic product. Moreover, charitable giving has...

The Housing Market(s) of San Diego

By Tim Landvoigt, Monika Piazzesi, and Martin Schneider

American Economic Review, April 2015

This paper uses an assignment model to understand the cross section of house prices within a metro area. Movers' demand for housing is derived from a life-cycle problem with credit market frictions. Equilibrium house prices adjust to assign houses that di...

Price Subsidies, Diagnostic Tests, and Targeting of Malaria Treatment: Evidence from a Randomized Controlled Trial

By Jessica Cohen, Pascaline Dupas, and Simone Schaner

American Economic Review, February 2015

Both under- and over-treatment of communicable diseases are public bads. But efforts to decrease one run the risk of increasing the other. Using rich experimental data on household treatment- seeking behavior in Kenya, we study the implications of this...