Firm Heterogeneity and Macroeconomic Outcomes

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Advances in Imputing Race and Ethnicity to Administrative Data

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LGBTQ+ Economics Topics

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Understanding the Return of Inflation

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Economics of Gun Violence

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New Perspectives on the Economics of Mental Health

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Global Value Chains and Inflation

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New Frontiers in the Economics of the Social Safety Net

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Racial Aspects of Economic Disparities

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Where the Economy is Headed

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Overcoming Obstacles in the Publishing Process: Advice for Authors and Editors

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Working to Change the Climate in Economics

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2023 in Research Highlights

[Research Highlight]

December 07, 2023

Economists addressed issues related to graduate student mental health, teacher diversity, the origin of government, and more.

Religion and Growth

By Sascha O. Becker, Jared Rubin, and Ludger Woessmann

Journal of Economic Literature

We use the elements of a macroeconomic production function—physical capital, human capital, labor, and technology—together with standard growth models to frame the role of religion in economic growth. Unifying a growing literature, we argue t...

Dual Moral Hazard and The Tyranny of Success

By Enrique Ide

American Economic Journal: Microeconomics

I explain why current success can undermine an organization’s ability to innovate. I consider a standard bandit problem between a safe and a risky arm with two modifications. First, a principal allocates resources. Second, an agent must install the r...

Press

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Information about the AEA for the press/media

Education and Geographical Mobility: The Role of the Job Surplus

By Michael Amior

American Economic Journal: Economic Policy

Better educated workers accept many more long-distance job offers, and relocate quicker following local shocks. I attribute this to a fundamental feature of their labor market experience, unrelated to geography: large returns to job match quality. If a...

The Elasticity of Aggregate Output with Respect to Capital and Labor

By Dietrich Vollrath

American Economic Journal: Macroeconomics

It is often assumed that the elasticity of GDP with respect to capital is one-third, but this assumes zero markups and an aggregate production function. I estimate the elasticity allowing markups to vary by industry and with a rich input-output structur...

International Friends and Enemies

By Benny Kleinman, Ernest Liu, and Stephen J. Redding

American Economic Journal: Macroeconomics

We examine whether as countries become more economically dependent on a trade partner, they realign politically towards that trade partner. We use network measures of economic exposure to foreign productivity growth derived from the class of trade mode...

Noncompete Agreements and the Welfare of Consumers

By Michael Lipsitz and Mark J. Tremblay

American Economic Journal: Microeconomics

Employee spinoffs harm incumbent firms by increasing competition (benefiting consumers) and by preventing firm owners from making beneficial investments in workers who may later spin off (harming consumers). We model noncompete agreements (NCAs) as so...