American Economic Association Nashville, TN 0022-8282 Journal of Economic Literature http://www.aeaweb.org/journal.html 40 4 December 2002 http://www.aeaweb.org/articles/issue_detail.php?journal=JEL&volume=40&issue=4&issue_date=December 2002 Journal Article Evaluating Welfare Reform in the United States Rebecca M.Blank 1105 1166 This paper reviews the economic literature on welfare reform over the 1990s. A brief summary of the policy changes is followed by a discussion of the methodological techniques that analyze the effects of these changes on outcomes. The paper then critically reviews the econometric and experimental literature on caseload changes, labor force changes, poverty and income changes, and family formation changes. A growing body of evidence suggests that recent policy changes have influenced economic behavior and well-being. One particular set of "new-style" welfare programs seems to show especially promising results, with significantly increased work and earnings and reduced poverty. http://www.aeaweb.org/articles/article_detail.php?journal=JEL&volume=40&issue=4&article=1&issue_date=December 2002 10.1257/002205102762203576 American Economic Association Nashville, TN 0022-8282 Journal of Economic Literature http://www.aeaweb.org/journal.html 40 4 December 2002 http://www.aeaweb.org/articles/issue_detail.php?journal=JEL&volume=40&issue=4&issue_date=December 2002 Journal Article Identity and Schooling: Some Lessons for the Economics of Education George A.Akerlof Rachel E.Kranton 1167 1201 This review culls noneconomic literature on education--by sociologists, anthropologists, and practitioners to present a new economic theory of students and schools. This theory elaborates two themes that have eluded economic analysis. First is the student as decision-maker whose primary motivation is her identity. Second is a conception of the school as a social institution. This framework suggests a new perspective on questions such as resource allocation and school reform. It explains why some educational policies succeed and others fail. We show how sociological variables may affect outcomes, and suggest ways economists can incorporate them into theoretical and empirical research. http://www.aeaweb.org/articles/article_detail.php?journal=JEL&volume=40&issue=4&article=2&issue_date=December 2002 10.1257/002205102762203585 American Economic Association Nashville, TN 0022-8282 Journal of Economic Literature http://www.aeaweb.org/journal.html 40 4 December 2002 http://www.aeaweb.org/articles/issue_detail.php?journal=JEL&volume=40&issue=4&issue_date=December 2002 Journal Article Anatomy of The Anatomy of Racial Inequality StevenRaphael 1202 1214 In this review, I summarize and offer thoughts about two arguments key to Glenn Loury's analysis of the anatomy of racial inequality. The first concerns the idea that many negative stereotypes held about blacks in the United States are self-fulfilling, despite little evidence of inherent differences between the races in human potential. The second argument concerns the proposition that the racial stigmatization of blacks is deeply embedded in the public consciousness and that such stigma racially biases socially cognitive processes to the severe detriment of African-Americans. http://www.aeaweb.org/articles/article_detail.php?journal=JEL&volume=40&issue=4&article=3&issue_date=December 2002 10.1257/002205102762203594 American Economic Association Nashville, TN 0022-8282 Journal of Economic Literature http://www.aeaweb.org/journal.html 40 4 December 2002 http://www.aeaweb.org/articles/issue_detail.php?journal=JEL&volume=40&issue=4&issue_date=December 2002 Journal Article Review of Shleifer's Inefficient Markets JeffreyZwiebel 1215 1220 This excellent book provides the reader with a broad introduction to, and a powerful advocacy of, behavioral finance. In the tradition of the best of the Clarendon Lecture Series, Andrei Shleifer provides a clear context and motivation for a collection of his influential ideas in this field, emphasizing central themes that link together the wide scope of this work. Topics include: investor sentiment, the limits of arbitrage, the closed-end fund puzzle, positive feedback investment, and both market overreaction and underreaction to news, as well as general discussions on the motivation for this research and promising future directions. http://www.aeaweb.org/articles/article_detail.php?journal=JEL&volume=40&issue=4&article=4&issue_date=December 2002 10.1257/002205102762203602 American Economic Association Nashville, TN 0022-8282 Journal of Economic Literature http://www.aeaweb.org/journal.html 40 4 December 2002 http://www.aeaweb.org/articles/issue_detail.php?journal=JEL&volume=40&issue=4&issue_date=December 2002 Journal Article Review of Grossman and Helpman's Special Interest Politics David P.Baron 1221 1229 In Special Interest Politics Gene Grossman and Elhanan Helpman examine how special-interest groups influence political outcomes for the benefit of their members. The authors take interest groups seriously by considering a range of theories and supporting evidence on interest group activity. Their book provides perspectives on how to study interest group politics and a set of methods for that study. Although the authors present a number of standard models, the book contains much that is new. The reader takes away a multitude of results, tools, models, and new research ideas. The result is an outstanding book full of insight, useful methods, and perspective. http://www.aeaweb.org/articles/article_detail.php?journal=JEL&volume=40&issue=4&article=5&issue_date=December 2002 10.1257/002205102762203611 American Economic Association Nashville, TN 0022-8282 Journal of Economic Literature http://www.aeaweb.org/journal.html 40 4 December 2002 http://www.aeaweb.org/articles/issue_detail.php?journal=JEL&volume=40&issue=4&issue_date=December 2002 Journal Article Book Reviews 1230 1285 http://www.aeaweb.org/articles/article_detail.php?journal=JEL&volume=40&issue=4&article=6&issue_date=December 2002 10.1257/002205102762203620 American Economic Association Nashville, TN 0022-8282 Journal of Economic Literature http://www.aeaweb.org/journal.html 40 4 December 2002 http://www.aeaweb.org/articles/issue_detail.php?journal=JEL&volume=40&issue=4&issue_date=December 2002 Journal Article Annotated Listing of New Books 1286 1437 http://www.aeaweb.org/articles/article_detail.php?journal=JEL&volume=40&issue=4&article=7&issue_date=December 2002 10.1257/002205102762203639 American Economic Association Nashville, TN 0022-8282 Journal of Economic Literature http://www.aeaweb.org/journal.html 40 4 December 2002 http://www.aeaweb.org/articles/issue_detail.php?journal=JEL&volume=40&issue=4&issue_date=December 2002 Journal Article JEL Classification System 1438 1449 http://www.aeaweb.org/articles/article_detail.php?journal=JEL&volume=40&issue=4&article=8&issue_date=December 2002 10.1257/002205102762203648 American Economic Association Nashville, TN 0022-8282 Journal of Economic Literature http://www.aeaweb.org/journal.html 40 4 December 2002 http://www.aeaweb.org/articles/issue_detail.php?journal=JEL&volume=40&issue=4&issue_date=December 2002 Journal Article Doctoral Dissertations in Economics 1450 1475 http://www.aeaweb.org/articles/article_detail.php?journal=JEL&volume=40&issue=4&article=9&issue_date=December 2002 10.1257/002205102762203657