Minutes of the Annual Business Meeting: Philadelphia, PA, January 5, 2018

By Peter L. Rousseau

AEA Papers and Proceedings, May 2018

The Differential Incidence and Severity of Food Insecurity by Racial, Ethnic, and Immigrant Groups over the Great Recession in the United States

By Alfonso Flores-Lagunes, Hugo B. Jales, Judith Liu, and Norbert L. Wilson

AEA Papers and Proceedings, May 2018

We document the differences in food insecurity incidence and severity by race/ethnicity and immigrant status over the Great Recession. We show that the disadvantaged groups with a higher incidence of food insecurity do not necessarily have a higher severi...

Retrospectives: Cost-Push and Demand-Pull Inflation: Milton Friedman and the "Cruel Dilemma"

By Johannes A. Schwarzer

Journal of Economic Perspectives, Winter 2018

This paper addresses two conflicting views in the 1950s and 1960s about the inflation-unemployment tradeoff as given by the Phillips curve. Many economists at this time emphasized the issue of a seemingly unavoidable inflationary pressure at or even bel...

Do Physicians Respond to the Costs and Cost-Sensitivity of Their Patients?

By Mariana Carrera, Dana P. Goldman, Geoffrey Joyce, and Neeraj Sood

American Economic Journal: Economic Policy, February 2018

We use individual level data on purchases of cholesterol-lowering drugs to study the responses of physicians and patients to variation in the cost of drugs. In a sample of first-time statin prescriptions to employees from 12 Fortune 500 firms, we find tha...

Front Matter

Journal of Economic Perspectives, Winter 2020

The Arrival of Fast Internet and Employment in Africa

By Jonas Hjort and Jonas Poulsen

American Economic Review, March 2019

To show how fast Internet affects employment in Africa, we exploit the gradual arrival of submarine Internet cables on the coast and maps of the terrestrial cable network. Robust difference-in-differences estimates from 3 datasets, covering 12 countries, ...

Prone to Fail: The Pre-crisis Financial System

[Symposium: Financial Stability Regulation]

By Darrell Duffie

Journal of Economic Perspectives, Winter 2019

The financial crisis that began in 2007 was triggered by over-leveraged homeowners and a severe downturn in US housing markets. However, a reasonably well-supervised financial system would have been much more resilient to this and other types of severe ...

Do Women Give Up Competing More Easily? Evidence from the Lab and the Dutch Math Olympiad

By Thomas Buser and Huaiping Yuan

American Economic Journal: Applied Economics, July 2019

We use lab experiments and field data from the Dutch Math Olympiad to show that women are more likely than men to stop competing if they lose. In a math competition in the lab, women are much less likely than men to choose competition again after losing i...

Front Matter

American Economic Review, March 2018

Family Ruptures, Stress, and the Mental Health of the Next Generation: Reply

By Petra Persson and Maya Rossin-Slater

American Economic Review, April 2018

Persson and Rossin-Slater (2018) find that prenatal exposure to family ruptures affects childhood and adult mental health, as well as infant physical health. We compare children whose relatives die within 280 days post-conception to children whose relativ...

Equilibrium Provider Networks: Bargaining and Exclusion in Health Care Markets

By Kate Ho and Robin S. Lee

American Economic Review, February 2019

We evaluate the consequences of narrow hospital networks in commercial health care markets. We develop a bargaining solution, "Nash-in-Nash with Threat of Replacement," that captures insurers' incentives to exclude, and combine it with California data and...

Tax Policy and Local Labor Market Behavior

By Daniel G. Garrett, Eric Ohrn, and Juan Carlos Suárez Serrato

American Economic Review: Insights, March 2020

Since 2002, the US government has encouraged business investment using accelerated depreciation policies that significantly reduce investment costs. We provide the first in-depth analysis of this stimulus on employment and earnings. Our local labor market...

Place, Peers, and the Teenage Years: Long-Run Neighborhood Effects in Australia

By Nathan Deutscher

American Economic Journal: Applied Economics, April 2020

I use variation in the age at which children move to show that where an Australian child grows up has a causal effect on their adult income, education, marriage, and fertility. In doing so, I replicate the findings of Chetty and Hendren (2018a) in a count...

Relational Contracts with Private Information on the Future Value of the Relationship: The Upside of Implicit Downsizing Costs

By Matthias Fahn and Nicolas Klein

American Economic Journal: Microeconomics, November 2019

We analyze a relational-contracting problem, in which the principal has private information about the future value of the relationship. In order to reduce bonus payments, the principal is tempted to claim that the value of the future relationship is lower...

Optimal Dynamic Allocation of Attention

By Yeon-Koo Che and Konrad Mierendorff

American Economic Review, August 2019

We consider a decision maker (DM) who, before taking an action, seeks information by allocating her limited attention dynamically over different news sources that are biased toward alternative actions. Endogenous choice of information generates rich dynam...

Front Matter

American Economic Review, June 2018

Front Matter includes James Heckman: Distinguished Fellow 2017.

Gorbachev versus Deng: A Review of Chris Miller's The Struggle to Save the Soviet Economy

By Sergei Guriev

Journal of Economic Literature, March 2019

Chris Miller's book is a historian's account of Mikhail Gorbachev's efforts to save the Soviet economy. Miller focuses on the question of why Gorbachev did not follow Deng Xiaoping and did not manage to reform the economy. Miller argues that it was not ...

Borrowing Trouble? Human Capital Investment with Opt-In Costs and Implications for the Effectiveness of Grant Aid

By Benjamin M. Marx and Lesley J. Turner

American Economic Journal: Applied Economics, April 2018

We estimate the effect of grant aid on City University of New York (CUNY) students' borrowing and attainment using a regression discontinuity/kink design based on the federal Pell Grant formula. Each dollar of grant aid reduces loans by $1.80 among borrow...

Recommendations for Further Reading

By Timothy Taylor

Journal of Economic Perspectives, Spring 2018

Trade-Induced Structural Change and the Skill Premium

By Javier Cravino and Sebastian Sotelo

American Economic Journal: Macroeconomics, July 2019

We study how international trade affects manufacturing employment and the relative wage of unskilled workers when goods and services are traded with different intensities. Manufacturing trade reduces manufacturing prices worldwide, which reduces manufactu...