The Economics of Human Development

The Technology of Skill Formation
Flavio Cunha and James Heckman

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Model Validation and Model Comparison

Ex Ante Policy Evaluation, Structural Estimation and Model Selection
Kenneth I. Wolpin

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Testing the Mechanisms of Structural Models: The Case of the Mickey Mantle Effect
Hanming Fang, Michael Keane, Ahmed Khwaja, Martin Salm and Dan Silverman

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Bayesian Model Comparison and Validation
John Geweke

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Risk-Sharing and Cooperation in Social Networks

Reciprocity in Groups and the Limits to Social Capital
Francis Bloch, Garance Genicot and Debraj Ray

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Risk Sharing Across Communities
Yann Bramoullé and Rachel Kranton

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Risk Sharing and Network Formation
Marcel Fafchamps and Flore Gubert

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Community Size and Network Closure
Hunt Allcott, Dean Karlan, Markus M. Möbius, Tanya S. Rosenblat and Adam Szeidl

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Networked Interactions

Communication Networks: Knowledge and Decisions
Antoni Calvó-Armengol and Joan de Martí

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Diffusion of Behavior and Equilibrium Properties in Network Games
Matthew O. Jackson and Leeat Yariv

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Financial Networks
Douglas M. Gale and Shachar Kariv

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Social Insurance Programs: Good for Workers? Good for the Labor Market?

Evaluating the Worker Profiling and Reemployment Services System Using a Regression Discontinuity Approach
Dan A. Black, Jose Galdo and Jeffrey A. Smith

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Unemployment Benefits, Unemployment Duration, and Post-Unemployment Jobs: A Regression Discontinuity Approach
Rafael Lalive

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The Spike at Benefit Exhaustion: Leaving the Unemployment System or Starting a New Job?
David Card, Raj Chetty and Andrea Weber

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Distinguishing Income from Substitution Effects in Disability Insurance
David H. Autor and Mark G. Duggan

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Developments in Dynamic Mechanism Design

An Ascending Auction for Interdependent Values: Uniqueness and Robustness to Strategic Uncertainty
Dirk Bergemann and Stephen Morris

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Designing Efficient Mechanisms for Dynamic Bilateral Trading Games
Susan Athey and Ilya Segal

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On Quitting Rights in Mechanism Design
Olivier Compte and Philippe Jehiel

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Decision Theory: New Methods, New Insights

Neuroeconomic Studies of Impulsivity: Now or Just as Soon as Possible?
Paul William Glimcher, Joseph Kable and Kenway Louie

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The Neuroeconomic Theory of Learning
Andrew Caplin and Mark Dean

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Revealing Preferences Graphically: An Old Method Gets a New Tool Kit
Syngjoo Choi, Raymond Fisman, Douglas M. Gale and Shachar Kariv

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Beliefs in the Utility Function

Optimal Beliefs, Asset Prices, and the Preference for Skewed Returns
Markus K. Brunnermeier, Christian Gollier and Jonathan A. Parker

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Experimental Testing of Intrinsic Preferences for NonInstrumental Information
Kfir Eliaz and Andrew Schotter

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Guilt in Games
Pierpaolo Battigalli and Martin Dufwenberg

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Contracts and Fairness

Adding a Stick to the Carrot? The Interaction of Bonuses and Fines
Ernst Fehr and Klaus M. Schmidt

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Incomplete Contracts and Ownership: Some New thoughts
Oliver Hart and John Moore

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Can Contract Theory Explain Social Preferences?
W. Bentley MacLeod

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Search-and-Matching Financial Markets

Liquidity and Risk Management
Nicolae Gârleanu and Lasse Heje Pedersen

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Search in Asset Markets: Market Structure, Liquidity, and Welfare
Ricardo Lagos and Guillaume Rocheteau

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Information Percolation in Large Markets
Darrell Duffie and Gustavo Manso

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Capital Market Frictions

Market Maker Inventories and Stock Prices
Terrence Hendershott and Mark S. Seasholes

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Slow Moving Capital
Mark Mitchell, Lasse Heje Pedersen and Todd Pulvino

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Systemic Illiquidity in the Federal Funds Market
Adam B. Ashcraft and Darrell Duffie

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Habit Persistence and the Macroeconomy

Increasing Income Inequality, External Habits, and Self-Reported Happiness
Karen E. Dynan and Enrichetta Ravina

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Pricing to Habits and the Law of One Price
Morten O. Ravn, Stephanie Schmitt-Grohé and Martín Uribe

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Explaining Asset Prices with External Habits and Wage Rigidities in a DSGE Model
Harald Uhlig

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Inaction and Adjustment: Consequences for Households and Firms

Optimal Inattention to the Stock Market
Andrew B. Abel, Janice C. Eberly and Stavros Panageas

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Uncertainty and the Dynamics of R&D
Nick Bloom

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Investment under Uncertainty with Strategic Debt Service
Suresh Sundaresan and Neng Wang

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Monetary Systems: Transitions and Experiments

The Bank of Amsterdam and the Leap to Central Bank Money
Stephen Quinn and William Roberds

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Backing, the Quantity Theory, and the Transition to the US Dollar, 1723–1850
Peter L. Rousseau

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The Political Economy of the US Monetary Union: The Civil War Era as a Watershed
David F. Weiman and John A. James

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John Law's System
François R. Velde

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Wars, Finance, and War Finance

The Net Worth of the US Federal Government, 1784–1802
Farley Grubb

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The Great Financial Crisis of 1914: What Can We Learn from Aldrich–Vreeland Emergency Currency?
William L. Silber

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The McKenna Rule and UK World War I Finance
James M. Nason and Shaun P. Vahey

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How Occupied France Financed Its Own Exploitation in World War II
Filippo Occhino, Kim Oosterlinck and Eugene N. White

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The Transparency of Political Institutions

The Perils of Transparency in Bureaucracies
Alessandro Gavazza and Alessandro Lizzeri

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Decision–Making Procedures for Committees of Careerist Experts
Gilat Levy

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The Transparency of Politics and the Quality of Politicians
Andrea Mattozzi and Antonio Merlo

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Is Foreign Aid Helping?

Aid Effectiveness – Opening the Black Box
François Bourguignon and Mark Sundberg

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Does Aid Affect Governance?
Raghuram Rajan and Arvind Subramanian

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Was Development Assistance a Mistake?
William Easterly

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Exchange Rate Puzzles

The Returns to Currency Speculation in Emerging Markets
Craig Burnside, Martin Eichenbaum and Sergio Rebelo

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If Exchange Rates are Random Walks, Then Almost Everything We Say About Monetary Policy is Wrong
Fernando Alvarez, Andrew Atkeson and Patrick J. Kehoe

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Random Walk Expectations and the Forward Discount Puzzle
Philippe Bacchetta and Eric van Wincoop

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New Approaches to International Trade

Unbalanced Trade
Robert Dekle, Jonathan Eaton and Samuel Kortum

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Trade Flow Dynamics with Heterogeneous Firms
Fabio Ghironi and Marc J. Melitz

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Pricing-to-Market in a Ricardian Model of International Trade
Andrew Atkeson and Ariel Burstein

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Globalization and Economic Outcomes for Minority Groups

The Effect of Globalization on the Performance of Small- and Medium-Sized Enterprises in the United States: Does Owners' Race/Ethnicity Matter?
Elizabeth Asiedu and James A. Freeman

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The Effects of Recent Immigration on Racial/Ethnic Labor Market Differentials
Deborah Reed and Sheldon Danziger

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Inward Foreign Direct Investment and Racial Employment Patterns in US Manufacturing
Abera Gelan, Kaye Husbands Fealing and James Peoples

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Differential Impacts of Immigrants on Native Black and White Workers
Paul Ong and Don Mar

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Growth, Education, and Investment in Children

Nonlinearities and Robustness in Growth Regressions
Jenny Minier

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Public Education Expenditures, Taxation, and Growth: Linking Data to Theory
William F. Blankenau, Nicole B. Simpson and Marc Tomljanovich

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Why Do Poor Children Lose Health Insurance in the SCHIP Era? The Role of Family Health
Anne Carroll, Hope Corman, Kelly Noonan and Nancy E. Reichman

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The Effect of Child Gender on Parents' Labor Supply: An Examination of Natives, Immigrants, and their Children
Sabrina Wulff Pabilonia and Jennifer Ward-Batts

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Gender and Labor Market Outcomes

Reaching Equilibrium in the Market for Obstetricians and Gynecologists
Jessica Wolpaw Reyes

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Gender Differences in the Labor Market: Impact of IRCA
Catalina Amuedo-Dorantes, Cynthia Bansak and Steven Raphael

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The Role of Labor Market Intermittency in Explaining Gender Wage Differentials
Julie L. Hotchkiss and M. Melinda Pitts

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Women Helping Women, Men Helping Women? Same-Gender Mentoring, Initial Job Placements, and Early Career Publishing Success for Economics PhDs
Christiana Hilmer and Michael Hilmer

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