Book Reviews

Journal of Economic Literature, March 2021

Annotated Listing of New Books

Journal of Economic Literature, March 2021

JEL Classification System

Journal of Economic Literature, March 2021

Prediction: The Long and the Short of It

By Antony Millner and Daniel Heyen

American Economic Journal: Microeconomics, February 2021

Commentators often lament forecasters' inability to provide precise predictions of the long-run behavior of complex economic and physical systems. Yet their concerns often conflate the presence of substantial long-run uncertainty with the need for long-ru...

Launching your Research Career

[Page]

Becoming Inclusive in Hiring, Publishing and Conference-Organizing

[Page]

Flexible decision-making and short-term forecasts

[Research Highlight]

March 04, 2021

How valuable are long-run predictions?

Estimating Frisch elasticity

[Page]

A temporary tax holiday in Switzerland offers insights into how workers adjust to income changes.

Social Media, News Consumption, and Polarization: Evidence from a Field Experiment

By Ro'ee Levy

American Economic Review, March 2021

Does the consumption of ideologically congruent news on social media exacerbate polarization? I estimate the effects of social media news exposure by conducting a large field experiment randomly offering participants subscriptions to conservative or lib...

"Soft" Affirmative Action and Minority Recruitment

By Daniel Fershtman and Alessandro Pavan

American Economic Review: Insights, March 2021

We study search, evaluation, and selection of candidates of unknown quality for a position. We examine the effects of "soft" affirmative action policies increasing the relative percentage of minority candidates in the candidate pool. We show that, while m...

Bringing financial markets together

[Research Highlight]

March 03, 2021

Securities are typically traded separately from one another. Would it be better to combine those transactions?

Connecting Disconnected Financial Markets?

By Milena Wittwer

American Economic Journal: Microeconomics, February 2021

In most financial markets, securities are traded in isolation. Such a disconnected market design can be inefficient if agents trade more than one security. I assess welfare effects of connecting markets by allowing orders for one security to depend on pri...

Spending now or saving for later

[Page]

How do lump-sum severance payments affect consumption for laid-off workers?

Open access

[Research Highlight]

September 17, 2020

Is there a way that companies can use consumer data while also respecting their privacy?

Beyond the lab

[Research Highlight]

February 16, 2021

Do experiments with student participants produce valid measures of behavior within the general population?

How much do local leaders matter?

[Research Highlight]

February 15, 2021

Christian Dippel discusses the Forty-Eighters and their role in the US antislavery movement.

Leadership in Social Movements: Evidence from the "Forty-Eighters" in the Civil War

By Christian Dippel and Stephan Heblich

American Economic Review, February 2021

This paper studies the role of leaders in the social movement against slavery that culminated in the US Civil War. Our analysis is organized around a natural experiment: leaders of the failed German revolution of 1848–1849 were expelled to the United St...

The failure of “soft” affirmative action

[Research Highlight]

March 19, 2021

Why didn’t the NFL’s Rooney Rule lead to more minority head coaches being hired?

Call for Papers: NBU-NPB 2021 Annual Research Conference

[News]

February 10, 2021

The deadline for submission is 14 March 2021 (12 pm EET).

AEA Statement on Anti-Asian Violence and Discrimination

[News]

March 22, 2021

See statement by AEA leadership.