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Editors' Introduction (pp. viii - viii)

Foreword (pp. ix - ix)

Beliefs, Doubts and Learning: Valuing Macroeconomic Risk (pp. 1 - 30)

The Technology of Skill Formation (pp. 31 - 47)

Ex Ante Policy Evaluation, Structural Estimation and Model Selection (pp. 48 - 52)

Testing the Mechanisms of Structural Models: The Case of the Mickey Mantle Effect (pp. 53 - 59)

Bayesian Model Comparison and Validation (pp. 60 - 64)

Reciprocity in Groups and the Limits to Social Capital (pp. 65 - 69)

Risk Sharing Across Communities (pp. 70 - 74)

Risk Sharing and Network Formation (pp. 75 - 79)

Community Size and Network Closure (pp. 80 - 85)

Communication Networks: Knowledge and Decisions (pp. 86 - 91)

Diffusion of Behavior and Equilibrium Properties in Network Games (pp. 92 - 98)

Financial Networks (pp. 99 - 103)

Evaluating the Worker Profiling and Reemployment Services System Using a Regression Discontinuity Approach (pp. 104 - 107)

Unemployment Benefits, Unemployment Duration, and Post-Unemployment Jobs: A Regression Discontinuity Approach (pp. 108 - 112)

The Spike at Benefit Exhaustion: Leaving the Unemployment System or Starting a New Job? (pp. 113 - 118)

Distinguishing Income from Substitution Effects in Disability Insurance (pp. 119 - 124)

An Ascending Auction for Interdependent Values: Uniqueness and Robustness to Strategic Uncertainty (pp. 125 - 130)

Designing Efficient Mechanisms for Dynamic Bilateral Trading Games (pp. 131 - 136)

On Quitting Rights in Mechanism Design (pp. 137 - 141)

Neuroeconomic Studies of Impulsivity: Now or Just as Soon as Possible? (pp. 142 - 147)

The Neuroeconomic Theory of Learning (pp. 148 - 152)

Revealing Preferences Graphically: An Old Method Gets a New Tool Kit (pp. 153 - 158)

Optimal Beliefs, Asset Prices, and the Preference for Skewed Returns (pp. 159 - 165)

Experimental Testing of Intrinsic Preferences for NonInstrumental Information (pp. 166 - 169)

Guilt in Games (pp. 170 - 176)

Adding a Stick to the Carrot? The Interaction of Bonuses and Fines (pp. 177 - 181)

Incomplete Contracts and Ownership: Some New thoughts (pp. 182 - 186)

Can Contract Theory Explain Social Preferences? (pp. 187 - 192)

Liquidity and Risk Management (pp. 193 - 197)

Search in Asset Markets: Market Structure, Liquidity, and Welfare (pp. 198 - 202)

Information Percolation in Large Markets (pp. 203 - 209)

Market Maker Inventories and Stock Prices (pp. 210 - 214)

Slow Moving Capital (pp. 215 - 220)

Systemic Illiquidity in the Federal Funds Market (pp. 221 - 225)

Increasing Income Inequality, External Habits, and Self-Reported Happiness (pp. 226 - 231)

Pricing to Habits and the Law of One Price (pp. 232 - 238)

Explaining Asset Prices with External Habits and Wage Rigidities in a DSGE Model (pp. 239 - 243)

Optimal Inattention to the Stock Market (pp. 244 - 249)

Uncertainty and the Dynamics of R&D (pp. 250 - 255)

Investment under Uncertainty with Strategic Debt Service (pp. 256 - 261)

The Bank of Amsterdam and the Leap to Central Bank Money (pp. 262 - 265)

Backing, the Quantity Theory, and the Transition to the US Dollar, 1723–1850 (pp. 266 - 270)

The Political Economy of the US Monetary Union: The Civil War Era as a Watershed (pp. 271 - 275)

John Law's System (pp. 276 - 279)

The Net Worth of the US Federal Government, 1784–1802 (pp. 280 - 284)

The Great Financial Crisis of 1914: What Can We Learn from Aldrich–Vreeland Emergency Currency? (pp. 285 - 289)

The McKenna Rule and UK World War I Finance (pp. 290 - 294)

How Occupied France Financed Its Own Exploitation in World War II (pp. 295 - 299)

The Perils of Transparency in Bureaucracies (pp. 300 - 305)

Decision–Making Procedures for Committees of Careerist Experts (pp. 306 - 310)

The Transparency of Politics and the Quality of Politicians (pp. 311 - 315)

Aid Effectiveness – Opening the Black Box (pp. 316 - 321)

Does Aid Affect Governance? (pp. 322 - 327)

Was Development Assistance a Mistake? (pp. 328 - 332)

The Returns to Currency Speculation in Emerging Markets (pp. 333 - 338)

If Exchange Rates are Random Walks, Then Almost Everything We Say About Monetary Policy is Wrong (pp. 339 - 345)

Random Walk Expectations and the Forward Discount Puzzle (pp. 346 - 350)

Unbalanced Trade (pp. 351 - 355)

Trade Flow Dynamics with Heterogeneous Firms (pp. 356 - 361)

Pricing-to-Market in a Ricardian Model of International Trade (pp. 362 - 367)

The Effect of Globalization on the Performance of Small- and Medium-Sized Enterprises in the United States: Does Owners' Race/Ethnicity Matter? (pp. 368 - 372)

The Effects of Recent Immigration on Racial/Ethnic Labor Market Differentials (pp. 373 - 377)

Inward Foreign Direct Investment and Racial Employment Patterns in US Manufacturing (pp. 378 - 382)

Differential Impacts of Immigrants on Native Black and White Workers (pp. 383 - 387)

Nonlinearities and Robustness in Growth Regressions (pp. 388 - 392)

Public Education Expenditures, Taxation, and Growth: Linking Data to Theory (pp. 393 - 397)

Why Do Poor Children Lose Health Insurance in the SCHIP Era? The Role of Family Health (pp. 398 - 401)

The Effect of Child Gender on Parents' Labor Supply: An Examination of Natives, Immigrants, and their Children (pp. 402 - 406)

Reaching Equilibrium in the Market for Obstetricians and Gynecologists (pp. 407 - 411)

Gender Differences in the Labor Market: Impact of IRCA (pp. 412 - 416)

The Role of Labor Market Intermittency in Explaining Gender Wage Differentials (pp. 417 - 421)

Women Helping Women, Men Helping Women? Same-Gender Mentoring, Initial Job Placements, and Early Career Publishing Success for Economics PhDs (pp. 422 - 426)

Integrated Insurance Design in the Presence of Multiple Medical Technologies (pp. 427 - 432)

Social Value and the Speed of Innovation (pp. 433 - 437)

The Impact of New Drugs on US Longevity and Medical Expenditure, 1990–2003: Evidence from Longitudinal, Disease-Level Data (pp. 438 - 443)

Identification and Estimation of Bidders' Risk Aversion in First-Price Auctions (pp. 444 - 448)

An Estimate Dynamic Model of Entry, Exit, and Growth in Oligopoly Retail Markets (pp. 449 - 454)

Bounding Revenue Comparisons across Multi-Unit Auction Formats under ε-Best Response (pp. 455 - 458)

Linear Regression Estimation of Discrete Choice Models with Nonparametric Distributions of Random Coefficients (pp. 459 - 463)

Toward Choice-Theoretic Foundations for Behavioral Welfare Economics (pp. 464 - 470)

Welfare without Happiness (pp. 471 - 476)

Mistakes in Choice-Based Welfare Analysis (pp. 477 - 481)

Some Evolutionary Economics of Family Partnerships (pp. 482 - 486)

Habits, Peers, and Happiness: An Evolutionary Perspective (pp. 487 - 491)

Why do We Die? Economics, Biology and Aging (pp. 492 - 495)

The Evolution of Intertemporal Preferences (pp. 496 - 500)

Is There An Insider Advantage in Getting Tenure? (pp. 501 - 505)

The Search for Economics Talent: Doctoral Completion and Research Productivity (pp. 506 - 511)

What Does Performance in Graduate School Predict? Graduate Economics Education and Student Outcomes (pp. 512 - 520)

John Bates Clark Award (pp. 521 - 522)

Minutes of the Annual Meeting (pp. 523 - 524)

Minutes of the Executive Committee Meetings (pp. 525 - 533)

Secretary (pp. 534 - 537)

Treasurer (pp. 538 - 541)

Editor, American Economic Review (pp. 542 - 554)

Editor, Journal of Economic Literature (pp. 555 - 557)

Editor, Journal of Economic Perspectives (pp. 558 - 559)

Director, Job Openings for Economists (pp. 560 - 562)

Committee on Economic Education (pp. 563 - 565)

Committee on the Status of Women in the Economics Profession (pp. 566 - 572)

Committee on the Status of Minority Groups in the Economics Profession (pp. 573 - 580)

Committee on Economic Statistics (pp. 581 - 582)

Representative to the International Economic Association (pp. 583 - 583)

Search Committee for the Editor, American Economic Journal: Macroeconomics (pp. 584 - 584)

Search Committee for the Editor, American Economic Journal: Microeconomics (pp. 585 - 585)

Search Committee for the Editor, American Economic Journal: Applied Economics (pp. 586 - 586)

Search Committee for the Editor, American Economic Journal: Economic Policy (pp. 587 - 587)

Universal Academic Questionnaire Summary Statistics (pp. 588 - 588)

American Economic Review

Vol. 97, No. 2, May 2007

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Authors

Hansen, Lars Peter

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