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American Economic Review: Vol. 91 No. 2 (May 2001)
Front Matter (pp. i-x)
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Papers
Richard T. Ely Lecture
Struggling to Understand the Stock Market (pp. 1-11)
Robert E. Hall
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Human Capital: Growth, History, and Policy: A Session to Honor Stanley Engerman
Human Capital and Growth (pp. 12-17)
Robert J. Barro
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The Legacy of U.S. Educational Leadership: Notes on Distribution and Economic Growth in the 20th Century (pp. 18-23)
Claudia Goldin and
Lawrence F. Katz
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Black-White Achievement Differences and Governmental Interventions (pp. 24-28)
Eric A. Hanushek
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Development and History: A Session to Honor Stanley Engerman
Input Trade and the Location of Production (pp. 29-33)
Ronald Findlay and
Ronald W. Jones
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Why Did Productivity Fall So Much during the Great Depression? (pp. 34-38)
Lee E. Ohanian
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Market Trade in Patents and the Rise of a Class of Specialized Inventors in the 19th-Century United States (pp. 39-44)
Naomi R. Lamoreaux and
Kenneth L. Sokoloff
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Robustness to Uncertainty
Sharing Ambiguity (pp. 45-50)
Larry G. Epstein
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Pitfalls of a Minimax Approach to Model Uncertainty (pp. 51-54)
Christopher A. Sims
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Minimax Estimation and Forecasting in a Stationary Autoregression Model (pp. 55-59)
Gary Chamberlain
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Robust Control and Model Uncertainty (pp. 60-66)
LarsPeter Hansen and
Thomas J. Sargent
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Economics and Social Behavior
Do People Mean What They Say? Implications for Subjective Survey Data (pp. 67-72)
Marianne Bertrand and
Sendhil Mullainathan
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In Search of Homo Economicus: Behavioral Experiments in 15 Small-Scale Societies (pp. 73-78)
Joseph Henrich
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Growing Up in the Projects: The Economic Lives of a Cohort of Men Who Came of Age in Chicago Public Housing (pp. 79-84)
Steven D. Levitt and
Sudhir Alladi Venkatesh
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Youths and Risky Behavior
Youth Smoking in the 1990's: Why Did It Rise and What Are the Long-Run Implications? (pp. 85-90)
Jonathan Gruber
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Behavior Policies and Teen Traffic Safety (pp. 91-96)
Thomas S. Dee and
William N. Evans
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Going to College to Avoid the Draft: The Unintended Legacy of the Vietnam War (pp. 97-102)
David Card and
Thomas Lemieux
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New Developments in Evaluating Social Programs
Designing Programs for Heterogeneous Populations: The Value of Covariate Information (pp. 103-106)
Charles F. Manski
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Policy-Relevant Treatment Effects (pp. 107-111)
James J. Heckman and
Edward Vytlacil
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Reconciling Conflicting Evidence on the Performance of Propensity-Score Matching Methods (pp. 112-118)
Jeffrey A. Smith and
Petra E. Todd
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Propensity-Score Matching with Instrumental Variables (pp. 119-124)
Hidehiko Ichimura and
Christopher Taber
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Between Parents and Children: Child Support and Child Disability
Interactions between Unmarried Fathers and Their Children: The Role of Paternity Establishment and Child-Support Policies (pp. 125-129)
Laura M. Argys and
H. Elizabeth Peters
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The Effect of Child-Support Policies on Visitations and Transfers (pp. 130-134)
Daniela Del Boca and
Rocio Ribero
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New Estimates of the Impact of Child Disability on Maternal Employment (pp. 135-139)
Elizabeth T. Powers
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Signals of Child Achievement as Determinants of Child Support (pp. 140-144)
Alison Aughinbaugh
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The Benefits of Skill
The Importance of Noncognitive Skills: Lessons from the GED Testing Program (pp. 145-149)
James J. Heckman and
Yona Rubinstein
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As Ye Sweep, So Shall Ye Reap (pp. 150-154)
Rachel Dunifon,
Greg J. Duncan and
Jeanne Brooks-Gunn
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Incentive-Enhancing Preferences: Personality, Behavior, and Earnings (pp. 155-158)
Samuel Bowles,
Herbert Gintis and
Melissa Osborne
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Understanding, Speaking, Reading, Writing, and Earnings in the Immigrant Labor Market (pp. 159-163)
Anthony P. Carnevale,
Richard A. Fry and
B. Lindsay Lowell
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Racial Dynamics in Labor Marekts: Exogenous or Endogenous?
Black-White Earnings Differentials: Privatization versus Deregulation (pp. 164-168)
James Peoples and
Wayne K. Talley
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Market Structure and Racial Earnings: Evidence from Job-Changers (pp. 169-173)
Jacqueline Agesa,
Richard U. Agesa and
Gary A. Hoover
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Racial Differences in Transportation Access to Employment in Chicago and Los Angeles, 1980 and 1990 (pp. 174-177)
Chanjin Chung,
Samuel L. Myers and
Lisa Saunders
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Annual Income and Identity Formation among Persons of Mexican Descent (pp. 178-183)
Patrick L. Mason
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The Scope of the Firm: New Empirical Directions
Assessing the Property Rights and Transaction-Cost Theories of Firm Scope (pp. 184-188)
Michael D. Whinston
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Empirical Strategies in Contract Economics: Information and the Boundary of the Firm (pp. 189-194)
George Baker and
Thomas N. Hubbard
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Do Firm Boundaries Matter? (pp. 195-199)
Sendhil Mullainathan and
David Scharfstein
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Organizational Economics
Organizational Design: Decision Rights and Incentive Contracts (pp. 200-205)
Susan Athey and
John Roberts
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The Influence of the Financial Revolution on the Nature of Firms (pp. 206-211)
Raghuram G. Rajan and
Luigi Zingales
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Bringing the Market inside the Firm? (pp. 212-218)
George Baker,
Robert Gibbons and
Kevin J. Murphy
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Recent Advances in Monetary-Policy Rules
Interest Rates and Inflation (pp. 219-225)
Fernando Alvarez,
Robert E. Lucas and
Warren E. Weber
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NAIRU Uncertainty and Nonlinear Policy Rules (pp. 226-231)
Laurence H. Meyer,
Eric T. Swanson and
Volker W. Wieland
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The Taylor Rule and Optimal Monetary Policy (pp. 232-237)
Michael Woodford
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Exchange Rates and the Choice of Monetary-Policy Regimes
Fewer Monies, Better Monies (pp. 238-242)
Rudi Dornbusch
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Why Not a Global Currency? (pp. 243-247)
Kenneth Rogoff
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Optimal Monetary Policy in Open versus Closed Economies: An Integrated Approach (pp. 248-252)
Richard Clarida,
Jordi Gali and
Mark Gertler
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Quantitative Policy Implications of New Normative Macroeconomic Research
Should Central Banks Respond to Movements in Asset Prices? (pp. 253-257)
Ben S. Bernanke and
Mark Gertler
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Should Monetary Policy Respond Strongly to Output Gaps? (pp. 258-262)
Bennett T. McCallum
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The Role of the Exchange Rate in Monetary-Policy Rules (pp. 263-267)
John B. Taylor
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Price and Quality Measurement
Price and Quality of Desktop and Mobile Personal Computers: A Quarter-Century Historical Overview (pp. 268-273)
Ernst R. Berndt and
Neal J. Rappaport
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The Acceleration of Variety Growth (pp. 274-280)
Mark Bils and
Peter J. Klenow
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Productivity Change in Health Care (pp. 281-286)
David M. Cutler and
Mark McClellan
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Interconnection and Access in Telecom and the Internet
Internet Peering (pp. 287-291)
Jean-Jacques Laffont
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Advances in Routing Technologies and Internet Peering Agreements (pp. 292-296)
Stanley Besen
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Access Pricing, Bypass, and Universal Service (pp. 297-301)
Mark Armstrong
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Cable Modems and DSL: Broadband Internet Access for Residential Customers (pp. 302-307)
Jerry A. Hausman,
J. Gregory Sidak and
HalJ. Singer
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E-Commerce E-conomy
Do We Have a New E-conomy? (pp. 308-312)
Martin Neil Baily and
Robert Z. Lawrence
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Projecting the Economic Impact of the Internet (pp. 313-317)
Robert E. Litan and
Alice M. Rivlin
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E-Commerce: Measurement and Measurement Issues (pp. 318-322)
Barbara M. Fraumeni
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Technology, Education, and Economic Growth
Schooling Data, Technological Diffusion, and the Neoclassical Model (pp. 323-327)
Angel de la Fuente and
Rafael Domenech
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Cross-Country Technology Diffusion: The Case of Computers (pp. 328-335)
Francesco Caselli and
Wilbur John Coleman
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Why Wait? A Century of Life before IPO (pp. 336-341)
Boyan Jovanovic and
Peter L. Rousseau
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Conflict and the Economy
Appeasement: Can It Work? (pp. 342-346)
Jack Hirshleifer
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The Creation of Effective Property Rights (pp. 347-352)
Herschel I. Grossman
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Guns, Butter, and Openness: On the Relationship between Security and Trade (pp. 353-357)
Stergios Skaperdas and
Constantinos Syropoulos
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Fragmentation, Diversification, and International Trade
Commercial Policy in a 'Fragmented' World (pp. 358-362)
Eric W. Bond
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The Role of International Fragmentation in the Development Process (pp. 363-366)
Ronald W. Jones and
Sugata Marjit
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Trade and Exposure (pp. 367-370)
Kathryn M. E. Dominguez and
Linda L. Tesar
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International Trade and Business Cycles: Is Vertical Specialization the Missing Link? (pp. 371-375)
M. Ayhan Kose and
Kei-Mu Yi
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Currency Unions
Coping with Terms-of-Trade Shocks: Pegs versus Floats (pp. 376-380)
Christian Broda
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Dollarization (pp. 381-385)
Alberto Alesina and
Robert J. Barro
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National Money as a Barrier to International Trade: The Real Case for Currency Union (pp. 386-390)
Andrew K. Rose and
Eric van Wincoop
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Exchange-Rate Exposure of Firms and Workers
Exchange-Rate Hedging: Financial versus Operational Strategies (pp. 391-395)
George Allayannis,
Jane Ihrig and
James P. Weston
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A Reexamination of Exchange-Rate Exposure (pp. 396-399)
Kathryn M. E. Dominguez and
Linda L. Tesar
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Gender Differences in the Labor-Market Effects of the Dollar (pp. 400-405)
Linda Goldberg and
Joseph Tracy
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Precautionary Savings
The Empirical Importance of Precautionary Saving (pp. 406-412)
Pierre-Olivier Gourinchas and
Jonathan A. Parker
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How Important Are Idiosyncratic Shocks? Evidence from Labor Supply (pp. 413-417)
Kjetil Storesletten,
Chris I. Telmer and
Amir Yaron
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Interest Elasticity in a Life-Cycle Model with Precautionary Savings (pp. 418-421)
Marco Cagetti
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Financial Intermediaries
Banks and Liquidity (pp. 422-425)
Douglas W. Diamond and
Raghuram G. Rajan
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Venture Capitals As Principals: Contracting, Screening, and Monitoring (pp. 426-430)
Steven N. Kaplan and
Per Stromberg
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A Reason for Quantity Regulation (pp. 431-435)
Edward L. Glaeser and
Andrei Shleifer
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Financial Intermediation without Exclusivity (pp. 436-439)
Tano Santos and
Jose A. Scheinkman
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New Research in Economic Education
Research in Economic Education: Five New Initiatives (pp. 440-445)
Michael K. Salemi
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Teaching Economics at the Start of the 21st Century: Still Chalk-and-Talk (pp. 446-451)
William E. Becker and
Michael Watts
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Assessing the Economic Understanding of U.S. High School Students (pp. 452-457)
William B. Walstad and
Ken Rebeck
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Proceedings
Minutes of the Annual Meeting
Minutes of the Annual Meeting (pp. 461-462)
John J. Siegfried
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Minutes of the Executive Committee Meetings
Minutes of the Executive Committee Meetings (pp. 462-471)
John J. Siegfried
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Reports
Report of the Secretary for 2000 (pp. 472-474)
John J. Siegfried
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Report of the Treasurer for the Year Ending December 31, 2000 (page 475)
John J. Siegfried
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Report of the Finance Committee (page 476)
John J. Siegfried
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Report of the Editor: American Economic Review (pp. 477-485)
Orley Ashenfelter
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Report of the Editor: Journal of Economic Literature (pp. 486-488)
John McMillan
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Report of the Editor: Journal of Economic Perspectives (pp. 489-491)
Alan B. Krueger
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Report of the Director: Job Openings for Economists (pp. 492-494)
John J. Siegfried
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Report of the Committee on Economic Education (pp. 495-496)
William B. Walstad
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Report of the Committee on the Status of Minority Groups in the Economics Profession (pp. 497-501)
William Darity Jr.
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Report of the Committee on the Status of Women in the Economics Profession (pp. 502-507)
Beth Allen
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Report of the Search Committee for the Editor of the AER (page 508)
John Taylor
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American Economic Association Universal Academic Questionnaire Summary Statistics (pp. 509-511)
Charles E. Scott
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