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American Economic Review: Vol. 89 No. 2 (May 1999)

Front Matter (pp. i-x)
Abstract/Tools | Full-text Article

Papers

Richard T. Ely Lecture

In Defense of Inequality (pp. 1-17)
Finis Welch
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Economic Well-Being in the United States: How Much Improvement?

Fifty Years of U.S. Income Data from the Current Population Survey: Alternatives, Trends, and Quality (pp. 18-22)
Daniel H. Weinberg
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U.S. Wage-Inequality Trends and Recent Immigration (pp. 23-28)
Robert I. Lerman
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Some Income-Measurement Issues and Their Policy Implications (pp. 29-33)
John C. Weicher
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Trends in Worker Pay: What Do the Data Show?

Why Do Different Wage Series Tell Different Stories? (pp. 34-39)
Katharine G. Abraham, James R. Spletzer and Jay C. Stewart
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Economic Growth: How Good Can It Get? (pp. 40-44)
Frank P. Stafford
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Measuring Labor's Share (pp. 45-51)
Alan B. Krueger
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The "Natural Rate" and the NAIRU After Four Years of Low Inflation

The NAIRU and Wages in Local Labor Markets (pp. 52-57)
Robert M. Coen
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Does the NAIRU Have the Right Dynamics? (pp. 58-62)
Ray C. Fair
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Behind This Structural Boom: The Role of Asset Valuations (pp. 63-68)
Edmund S. Phelps
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New Developments in Price Dynamics

Wage Dynamics: Reconciling Theory and Evidence (pp. 69-74)
Olivier Blanchard and Lawrence F. Katz
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Toward a General Theory of Wage and Price Rigidities and Economic Fluctuations (pp. 75-80)
Joseph E. Stiglitz
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Price Dynamics and Production Lags (pp. 81-88)
Assar Lindbeck and Dennis J. Snower
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Firm Size and Wages

Firm-Size Wage Differentials in Switzerland: Evidence from Job-Changers (pp. 89-93)
Rudolf Winter-Ebmer and Josef Zweimuller
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Productivity Differences across Employers: The Roles of Employer Size, Age, and Human Capital (pp. 94-98)
John C. Haltiwanger, Julia I. Lane and James Spletzer
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Examining the Employer-Size Wage Premium in the Manufacturing, Retail Trade, and Service Industries Using Employer-Employee Matched Data (pp. 99-103)
Kimberly Bayard and Kenneth R. Troske
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Workers Are More Productive in Large Firms (pp. 104-108)
Todd L. Idson and Walter Y. Oi
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Productivity Growth: Current Recovery and Longer-Term Trends

Information Technology and Growth (pp. 109-115)
Dale W. Jorgenson and Kevin J. Stiroh
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The Information-Technology Revolution and the Stock Market (pp. 116-122)
Jeremy Greenwood and Boyan Jovanovic
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U.S. Economic Growth since 1870: One Big Wave? (pp. 123-128)
Robert J. Gordon
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New Ideas on Economic Growth

Zipf's Law and the Growth of Cities (pp. 129-132)
Xavier Gabaix
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Productivity Growth and Factor Prices in East Asia (pp. 133-138)
Chang-Tai Hsieh
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Growth: With or Without Scale Effects? (pp. 139-144)
Charles I. Jones
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Population and Economic Growth

Population and Economic Growth (pp. 145-149)
Gary S. Becker, Edward L. Glaeser and Kevin M. Murphy
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From Malthusian Stagnation to Modern Growth (pp. 150-154)
Oded Galor and David N. Weil
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Income-Distribution Dynamics with Endogenous Fertility (pp. 155-160)
Michael Kremer and Daniel Chen
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Generational Accounting Around the World

Generational Accounting around the Globe (pp. 161-166)
Laurence J. Kotlikoff and Bernd Raffelhuschen
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Generational Accounting in Europe (pp. 167-170)
Bernd Raffelhuschen
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Lessons from Generational Accounting in Japan (pp. 171-175)
Noriyuki Takayama and Yukinobu Kitamura
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Analyzing the Fiscal Impact of U.S. Immigration (pp. 176-180)
Alan J. Auerbach and Philip Oreopoulos
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Immigration Policy and Immigrant Quality

Are Immigrants Favorably Self-Selected? (pp. 181-185)
Barry Chiswick
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Immigrants and Human-Capital Investment (pp. 186-191)
Harriet Orcutt Duleep and Mark C. Regets
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Immigration Policy and Immigrant Quality: The Australian Points System (pp. 192-197)
Paul W. Miller
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Topics in Labor Economics

Women's Wages in Women's Work: A U.S./Canada Comparison of the Roles of Unions and 'Public Goods' Sector Jobs (pp. 198-203)
Michael Baker and Nicole M. Fortin
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Exchange Rates and Employment Instability: Evidence from Matched CPS Data (pp. 204-210)
Linda Goldberg, Joseph Tracy and Stephanie Aaronson
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Employment and Retirement Following a Late-Career Job Loss (pp. 211-216)
Sewin Chan and Ann Huff Stevens
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Prospects for the Long-Term Reform of Medicare

Medicare Reform: Obstacles and Options (pp. 217-221)
Joseph R. Antos and Linda Bilheimer
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Prefunding Medicare (pp. 222-227)
Martin Feldstein
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The Geography of Medicare (pp. 228-233)
David M. Cutler and Louise Sheiner
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Child Welfare

Household Resource Allocation in Stepfamilies: Darwin Reflects on the Plight of Cinderella (pp. 234-238)
Anne Case, I-Fen Lin and Sara McLanahan
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Parental Resources and Child Abuse and Neglect (pp. 239-244)
Christina Paxson and Jane Waldfogel
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Is the Impact of Health Shocks Cushioned by Socioeconomic Status? The Case of Low Birthweight (pp. 245-250)
Janet Currie and Rosemary Hyson
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Why Has Fertility Fallen Below Replacement in Industrial Nations, and Will It Last?

Population Growth, Dependency, and Consumption (pp. 251-255)
David N. Weil
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Fertility Decline in the Developed World: Where Will It End? (pp. 256-260)
John Bongaarts
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U.S. Abortion Policy and Fertility (pp. 261-264)
Jacob Alex Klerman
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Agriculture and Transition: The First Decade

Measures of Agricultural Support Policies in Transition Economies: 1994-1997 (pp. 265-270)
Alberto Valdes
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Land Reform and Farm Restructuring: What Has Been Accomplished to Date? (pp. 271-275)
Zvi Lerman
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History's Largest Labor Flow: Understanding China's Rural Migration

Inside China's Cities: Institutional Barriers and Opportunities for Urban Migrants (pp. 276-280)
Feng Wang and Xuejin Zuo
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Leaving the Countryside: Rural-to-Urban Migration Decisions in China (pp. 281-286)
Yaohui Zhao
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Migration, Remittances, and Agricultural Productivity in China (pp. 287-291)
Scott Rozelle, J. Edward Taylor and Alan deBrauw
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Income Distribution in China

Markets and Inequality in Rural China: Parallels with the Past (pp. 292-295)
Dwayne Benjamin and Loren Brandt
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Income Distribution in Urban China during the Period of Economic Reform and Globalization (pp. 296-300)
Azizur Rahman Khan, Keith Griffin and Carl Riskin
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China's Lagging Poor Areas (pp. 301-305)
Martin Ravallion and Jyotsna Jalan
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Urban-Biased Policies and Rising Income Inequality in China (pp. 306-310)
Dennis Tao Yang
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Evolution of the Geographic Concentration of Industry

The Geographic Concentration of Industry: Does Natural Advantage Explain Agglomeration? (pp. 311-316)
Glenn Ellison and Edward L. Glaeser
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Scale of Local Production and City Size (pp. 317-320)
Thomas J. Holmes
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Spatial Evolution of Population and Industry in the United States (pp. 321-327)
Duncan Black and Vernon Henderson
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The Reliability of Aggregate Statistics

Decomposition of Productivity and Unit Costs (pp. 328-332)
Carol Corrado and Lawrence Slifman
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Quality Improvement in Health Care: A Framework for Price and Output Measurement (pp. 333-337)
Irving Shapiro, Matthew D. Shapiro and David W. Wilcox
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Discrepancies in International Data: An Application to China-Hong Kong Entrepot Trade (pp. 338-343)
Robert C. Feenstra
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The State of Economic Education

How Departments of Economics Evaluate Teaching (pp. 344-349)
William E. Becker and Michael Watts
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What Do College Seniors Know about Economics? (pp. 350-354)
William B. Walstad and Sam Allgood
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The State of Economic Education (pp. 355-361)
Michael K. Salemi and John J. Siegfried
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Financial Services in the Black Community

Credit and Banking Structure: Asian and African-American Experience in Los Angeles (pp. 362-366)
Gary Dymski and Lisa Mohanty
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What Can We Expect from Community-Based Lending for the District of Columbia (pp. 367-371)
Gwendolyn Flowers
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The Economic Performance of African-American-Owned Banks: The Role of Loan Loss Provisions (pp. 372-376)
Christopher C. Henderson
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Portfolio Choices of Parents and Their Children as Young Adults: Asset Accumulation by African-American Families (pp. 377-380)
Ngina S. Chiteji and Frank P. Stafford
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Gender and Economic Transactions

Financial Decision-Making: Are Women Really More Risk-Averse? (pp. 381-385)
Renate Schubert
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Gender and Culture: International Experimental Evidence from Trust Games (pp. 386-391)
Rachel Croson and Nancy Buchan
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Cracks in the Glass Ceiling: Gender and Promotion in the Economics Profession (pp. 392-396)
John M. McDowell, Larry D. Singell and James P. Ziliak
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Gender Differences in Salary and Promotion in the Humanities (pp. 397-402)
Donna K. Ginther and Kathy J. Hayes
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Ineffectiveness of Economic Sanctions

Same Song, Same Refrain? Economic Sanctions in the 1990's (pp. 403-408)
Kimberly Ann Elliott and Gary Clyde Hufbauer
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Sanctions: Some Simple Analytics (pp. 409-414)
Jonathan Eaton and Maxim Engers
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Sanctions on South Africa: What Did They Do? (pp. 415-420)
Philip I. Levy
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The Soft Budget Constraint

Recent Theoretical Work on the Soft Budget Constraint (pp. 421-425)
Eric S. Maskin
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Policy Burdens, Accountability, and the Soft Budget Constraint (pp. 426-431)
Justin Yifu Lin and Guofu Tan
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The Myth of the East Asian Miracle: The Macroeconomic Implications of Soft Budgets (pp. 432-437)
Chong-En Bai and Yijiang Wang
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Institutions, Innovations, and Growth (pp. 438-443)
Haizhou Huang and Chenggang Xu
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Proceedings

Minutes of the Annual Meeting

Minutes of the Annual Meeting (pp. 447-448)
John J. Siegfried
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Minutes of the Executive Committee Meetings

Minutes of the Executive Committee Meetings (pp. 449-461)
John J. Siegfried
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Reports

Report of the Secretary for 1998 (pp. 462-464)
John J. Siegfried
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Report of the Treasurer for the Year Ending December 31, 1998 (page 465)
C. Elton Hinshaw
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Report of the Finance Committee (page 466)
C. Elton Hinshaw
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Report of the Editor: American Economic Review (pp. 467-475)
Orley Ashenfelter
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Report of the Editor: Journal of Economic Literature (pp. 476-478)
John McMillan
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Report of the Editor: Journal of Economic Perspectives (pp. 479-483)
Alan B. Krueger
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Report of the Director: Job Openings for Economists (pp. 484-485)
C. Elton Hinshaw
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Report of the Committee on Economic Education (pp. 486-487)
Michael K. Salemi
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Report of the Committee on the Status of Minority Groups in the Economics Profession (pp. 488-491)
Susan M. Collins
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Report of the Committee on the Status of Women in the Economics Profession (pp. 492-498)
Robin L. Bartlett
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American Economic Association Universal Academic Questionnaire Summary Statistics (pp. 499-502)
Charles E. Scott
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