Do Risk Preferences Change? Evidence from the Great East Japan Earthquake

By Chie Hanaoka, Hitoshi Shigeoka, and Yasutora Watanabe

American Economic Journal: Applied Economics, April 2018

We investigate whether individuals' risk preferences change after experiencing a natural disaster, specifically, the 2011 Great East Japan Earthquake. Exploiting the panels of nationally representative surveys on risk preferences, we find that men who exp...

CSMGEP Profiles: Alfonso Flores-Lagunes

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15th NIPE Summer School Announcement

[News]

April 05, 2018

Course will be taught at the University of Minho, Braga, Portugal, between June 11th and June 14th 2018

What's best for the baby

[Research Highlight]

March 22, 2018

The AEA interviews Maya Rossin-Slater and Petra Persson about the long-term impact of maternal stress during pregnancy.

Won't you be my neighbor?

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Sanitation practices help explain a longstanding puzzle over infant mortality rates in India.

Atlanta Journal-Constitution features AER paper on maternal stress

[News]

April 09, 2018

Paper from Stanford University researchers says in utero stress impacts mental health of children later in life.

2018 AEA Poster Videos

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Watch videos from the 2018 AEA Annual Meeting Poster Session

CTREE registration is closing soon

[News]

April 10, 2018

Early registration for the Conference on Teaching & Research in Economic Education closes April 17th.

Scrapping a subsidy to homeowners

[Research Highlight]

March 19, 2018

What would happen to the housing market if we eliminated the mortgage interest deduction?

Implications of US Tax Policy for House Prices, Rents, and Homeownership

By Kamila Sommer and Paul Sullivan

American Economic Review, February 2018

This paper studies the impact of the mortgage interest tax deduction on equilibrium house prices, rents, homeownership, and welfare. We build a dynamic model of the housing market that features a realistic progressive tax system in which owner-occupied ho...

Russell Sage Foundation Visiting Scholars Fellowship

[News]

April 13, 2018

June 28 is the deadline for applications for the 2019-2020 academic year.

Russell Sage Foundation Programs and Initiatives Currently Accepting Letters of Inquiry

[News]

April 13, 2018

The deadline for letters of inquiry is May 24, 2018.

A puzzling success

[Research Highlight]

April 05, 2018

An entrepreneurship program in Chile worked, but not as expected.

Draft AEA Code of Professional Conduct

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Better banking?

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Access to basic accounts may not be enough to promote usage.

What will the next global financial crisis look like?

[Research Highlight]

April 17, 2018

Crises could be less likely, but they may also be worse.

Henry Aaron, Distinguished Fellow 2018

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Henry Aaron is a 2018 Distinguished Fellow

Joel Mokyr, Distinguished Fellow 2018

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Joel Mokyr is a 2018 Distinguished Fellow

Richard Posner, Distinguished Fellow 2018

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Richard Posner is a 2018 Distinguished Fellow

Collective Self-Control

By Alessandro Lizzeri and Leeat Yariv

American Economic Journal: Microeconomics, August 2017

Behavioral economics presents a "paternalistic" rationale for a benevolent government's intervention. We consider an economy where the only "distortion" is agents' time-inconsistency. We study the desirability of various forms of collective action, ones p...