Intergenerational Mobility of Immigrants in the United States over Two Centuries

By Ran Abramitzky, Leah Boustan, Elisa Jacome, and Santiago Perez

American Economic Review, February 2021

Using millions of father-son pairs spanning more than 100 years of US history, we find that children of immigrants from nearly every sending country have higher rates of upward mobility than children of the US-born. Immigrants' advantage is similar histor...

Mobilizing the Masses for Genocide

By Thorsten Rogall

American Economic Review, January 2021

Do political elites use armed groups to foster civilian participation in genocidal violence? Are armed groups employed strategically? How do they mobilize civilians? I investigate these questions using data from the Rwandan Genocide. To establish causalit...

Front Matter

American Economic Journal: Microeconomics, February 2021

A Generalized Model of Advertised Sales

By Sandro Shelegia and Chris M. Wilson

American Economic Journal: Microeconomics, February 2021

To better understand temporary price reductions or "sales," this paper presents a generalized "clearinghouse" framework of advertised sales and explores some applications. By viewing the firms as competing in utility and amending the conventional tiebreak...

Strategic Experimentation with Congestion

By Caroline D. Thomas

American Economic Journal: Microeconomics, February 2021

This paper considers a two-player game of strategic experimentation with competition. Each agent faces a two-armed bandit problem where she continually chooses between her private, risky arm and a common, safe arm. Each agent has exclusive access to her p...

Sequential Preference Revelation in Incomplete Information Settings

By James Schummer and Rodrigo A. Velez

American Economic Journal: Microeconomics, February 2021

Strategy-proof allocation rules incentivize truthfulness in simultaneous move games, but real world mechanisms sometimes elicit preferences sequentially. Surprisingly, even when the underlying rule is strategy-proof and nonbossy, sequential elicitation ca...

Dynamic Persuasion with Outside Information

By Jacopo Bizzotto, Jesper Rüdiger, and Adrien Vigier

American Economic Journal: Microeconomics, February 2021

A principal seeks to persuade an agent to accept an offer of uncertain value before a deadline expires. The principal can generate information, but exerts no control over exogenous outside information. The combined effect of the deadline and outside infor...

Social Clubs and Social Networks

By Chaim Fershtman and Dotan Persitz

American Economic Journal: Microeconomics, February 2021

We present a strategic network formation model based on membership in clubs. Individuals choose affiliations. The set of all memberships induces a weighted network where two individuals are directly connected if they share a club. Two individuals may also...

Full Implementation under Ambiguity

By Huiyi Guo and Nicholas C. Yannelis

American Economic Journal: Microeconomics, February 2021

This paper introduces the maxmin expected utility framework into the problem of fully implementing a social choice set as ambiguous equilibria. Our model incorporates the Bayesian framework and the Wald-type maxmin preferences as special cases and provide...

A Leverage Theory of Tying in Two-Sided Markets with Nonnegative Price Constraints

By Jay Pil Choi and Doh-Shin Jeon

American Economic Journal: Microeconomics, February 2021

Motivated by recent antitrust cases in markets with zero-pricing, we develop a leverage theory of tying in two-sided markets. In the presence of the nonnegative price constraint, the Chicago school critique of tie-ins fails to hold. In the independent pro...

Organizing Time Exchanges: Lessons from Matching Markets

By Tommy Andersson, Ágnes Cseh, Lars Ehlers, and Albin Erlanson

American Economic Journal: Microeconomics, February 2021

This paper considers time exchanges via a common platform (e.g., markets for exchanging time units, positions at education institutions, and tuition waivers). There are several problems associated with such markets, e.g., imbalanced outcomes, coordination...

Liability Insurance: Equilibrium Contracts under Monopoly and Competition

By Jorge Lemus, Emil Temnyalov, and John L. Turner

American Economic Journal: Microeconomics, February 2021

In liability lawsuits (e.g., patent infringement), a plaintiff demands compensation from a defendant, and the parties often negotiate a settlement to avoid a costly trial. Liability insurance creates bargaining leverage for the defendant in this settlemen...

Wait-and-See or Step In? Dynamics of Interventions

By Dana Foarta and Takuo Sugaya

American Economic Journal: Microeconomics, February 2021

We study the optimal intervention policy to stop projects in a relational contract between a principal and a policymaker. The policymaker is privately informed about his ability and privately chooses how much effort to exert. Before a project is completed...

Mobilizing the masses to murder

[Research Highlight]

January 28, 2021

How did political elites in Rwanda get civilians to participate in genocide?

Immigrants and upward mobility

[Page]

Children of foreign-born parents climb the income ladder faster than kids of US-born parents, especially among the poorest families.

AEASTAT: 2021 Annual Meeting

[Page]

Sessions for AEA Committee on Economic Statistics, 2021 ASSA meetings

Front Matter

American Economic Journal: Economic Policy, February 2021

The Sensitivity of Housing Demand to Financing Conditions: Evidence from a Survey

By Andreas Fuster and Basit Zafar

American Economic Journal: Economic Policy, February 2021

Measuring the sensitivity of housing demand to mortgage rates and available leverage is challenging because there is generally no exogenous variation in these variables. This paper circumvents this issue by designing a strategic survey in which respondent...

Rising Intergenerational Income Persistence in China

By Yi Fan, Junjian Yi, and Junsen Zhang

American Economic Journal: Economic Policy, February 2021

This paper documents an increasing intergenerational income persistence in China since economic reforms were introduced in 1979. The intergenerational income elasticity increases from 0.390 for the 1970–1980 birth cohort to 0.442 for the 1981–1988 bir...

Parental Support, Savings, and Student Loan Repayment

By Lance Lochner, Todd Stinebrickner, and Utku Suleymanoglu

American Economic Journal: Economic Policy, February 2021

Using unique survey and administrative data from Canada, we document that parental support and personal savings substantially reduce student loan repayment problems. Developing a model of student borrowing and repayment, we show that nonmonetary costs of ...