American Economic Review: Vol. 101 No. 3 (May 2011)

Foreword (page x)
Orley C. Ashenfelter
Abstract/Tools | Full-text Article
Editors' Introduction (pp. xi-xii)
William R. Johnson and Samantha Bennett
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Papers: Richard T. Ely Lecture

Inequality at Birth: Some Causes and Consequences (pp. 1-22)
Janet Currie
Abstract/Tools | Full-text Article

Papers: Recessions and Retirement

Recessions, Retirement, and Social Security (pp. 23-28)
Courtney C. Coile and Phillip B. Levine
Abstract/Tools | Full-text Article
What Explains Changes in Retirement Plans during the Great Recession? (pp. 29-34)
Gopi Shah Goda, John B. Shoven and Sita Nataraj Slavov
Abstract/Tools | Full-text Article

Papers: Evaluating Empirical Tools for Horizontal Merger Analysis

Does Concentration Matter? Measurement of Petroleum Merger Price Effects (pp. 45-50)
Daniel Hosken, Louis Silvia and Christopher Taylor
Abstract/Tools | Full-text Article
Challenges in Merger Simulation Analysis (pp. 56-59)
Christopher R. Knittel and Konstantinos Metaxoglou
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Papers: Economic Underpinnings of Recycling and Waste Disposal Policies

The Effect of Bottle Laws on Income: New Empirical Results (pp. 60-64)
Bevin Ashenmiller
Abstract/Tools | Full-text Article

Papers: Energy Conservation and Electricity Demand

The Diffusion of Energy Efficiency in Building (pp. 77-82)
Nils Kok, Marquise McGraw and John M. Quigley
Abstract/Tools | Full-text Article | Online Appendix (792.72 KB)

Papers: Economics of the Automobile Sector

Is an Automaker's Road to Bankruptcy Paved with Customers' Beliefs? (pp. 93-97)
Ali Hortaçsu, Gregor Matvos, Chaehee Shin, Chad Syverson and Sriram Venkataraman
Abstract/Tools | Full-text Article | Online Appendix (204.50 KB)
Forecasting Gasoline Prices Using Consumer Surveys (pp. 110-14)
Soren T. Anderson, Ryan Kellogg, James M. Sallee and Richard T. Curtin
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Papers: Credit Ratings and the Financial Crisis

Credit Ratings and Security Prices in the Subprime MBS Market (pp. 115-19)
Adam Ashcraft, Paul Goldsmith-Pinkham, Peter Hull and James Vickery
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Papers: Topics in Wine Economics

Wine Retail Price Dispersion in the United States: Searching for Expensive Wines? (pp. 136-41)
David A. Jaeger and Karl Storchmann
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Climate, Grapevine Phenology, Wine Production, and Prices: Pauillac (1800-2009) (pp. 142-46)
Jean-Michel Chevet, Sébastien Lecocq and Michael Visser
Abstract/Tools | Full-text Article | Online Appendix (33.36 KB)
What Is the Value of Terroir? (pp. 152-56)
Robin Cross, Andrew J. Plantinga and Robert N. Stavins
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Papers: Economics as a Moral Science

The Restoration of Welfare Economics (pp. 157-61)
Anthony B. Atkinson
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Economists as Worldly Philosophers (pp. 171-75)
Robert J. Shiller and Virginia M. Shiller
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Papers: Frontiers of Productivity and Output Measurement

A Bright Idea for Measuring Economic Growth (pp. 194-99)
Vernon Henderson, Adam Storeygard and David N. Weil
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Quality Adjustment for Health Care Spending on Chronic Disease: Evidence from Diabetes Treatment, 1999-2009 (pp. 206-11)
Karen N. Eggleston, Nilay D. Shah, Steven A. Smith, Ernst R. Berndt and Joseph P. Newhouse
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Papers: Economics of the Arts

Sale Rates and Price Movements in Art Auctions (pp. 212-16)
Orley Ashenfelter and Kathryn Graddy
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Rock and Roll Bands, (In)complete Contracts, and Creativity (pp. 217-21)
Cédric Ceulemans, Victor Ginsburgh and Patrick Legros
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Art and Money (pp. 222-26)
William N. Goetzmann, Luc Renneboog and Christophe Spaenjers
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Papers: Moving Beyond Deregulation

Why Can't US Airlines Make Money? (pp. 233-37)
Severin Borenstein
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Financial Regulatory Reform: Challenges Ahead (pp. 242-46)
Randall S. Kroszner and Philip E. Strahan
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Papers: Critical Issues in National Climate Policy Design

Challenges from State-Federal Interactions in US Climate Change Policy (pp. 253-57)
Lawrence H. Goulder and Robert N. Stavins
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Vertical Targeting and Leakage in Carbon Policy (pp. 263-67)
James B. Bushnell and Erin T. Mansur
Abstract/Tools | Full-text Article | Online Appendix (25.74 KB)

Papers: Law and Economics

Corrective Taxation versus Liability (pp. 273-76)
Steven Shavell
Abstract/Tools | Full-text Article | Online Appendix (98.84 KB)
Predicting and Preventing Shootings among At-Risk Youth (pp. 288-92)
Dana Chandler, Steven D. Levitt and John A. List
Abstract/Tools | Full-text Article | Online Appendix (149.00 KB)

Papers: The Great Trade Collapse of 2008-2009

The "Collapse in Quality" Hypothesis (pp. 293-97)
Andrei A. Levchenko, Logan T. Lewis and Linda L. Tesar
Abstract/Tools | Full-text Article | Online Appendix (195.35 KB)
Trade Finance and the Great Trade Collapse (pp. 298-302)
JaeBin Ahn, Mary Amiti and David E. Weinstein
Abstract/Tools | Full-text Article | Download Data Set (10.45 KB)
US Trade and Inventory Dynamics (pp. 303-07)
George Alessandria, Joseph P. Kaboski and Virgiliu Midrigan
Abstract/Tools | Full-text Article | Download Data Set (748.18 KB) | Online Appendix (126.47 KB)
Vertical Linkages and the Collapse of Global Trade (pp. 308-12)
Rudolfs Bems, Robert C. Johnson and Kei-Mu Yi
Abstract/Tools | Full-text Article | Online Appendix (41.24 KB)

Papers: Using Field Experiments in Environment and Resource Economics

Does Market Experience Eliminate Market Anomalies? The Case of Exogenous Market Experience (pp. 313-17)
John A. List
Abstract/Tools | Full-text Article

Papers: Causal Effects of Vietnam-Era Military Service on Health and Welfare

Long-Term Consequences of Vietnam-Era Conscription: New Estimates Using Social Security Data (pp. 334-38)
Joshua D. Angrist, Stacey H. Chen and Jae Song
Abstract/Tools | Full-text Article

Papers: Race, Property, and Segregation in Historical Perspective

Race and Home Ownership from the End of the Civil War to the Present (pp. 355-59)
William J. Collins and Robert A. Margo
Abstract/Tools | Full-text Article | Online Appendix (115.09 KB)

Papers: The Economics of the Medicare Part D Prescription Drug Program

Heterogeneity in Choice Inconsistencies among the Elderly: Evidence from Prescription Drug Plan Choice (pp. 377-81)
Jason Abaluck and Jonathan Gruber
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Part D Formulary and Benefit Design as a Risk-Steering Mechanism (pp. 382-86)
Dana P. Goldman, Geoffrey F. Joyce and William B. Vogt
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Papers: New Approaches for Modeling Risk in Macroeconomics

The Risky Steady State (pp. 398-401)
Nicolas Coeurdacier, Hélène Rey and Pablo Winant
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Market Sentiment: A Tragedy of the Commons (pp. 402-05)
Tarek A. Hassan and Thomas M. Mertens
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Regulating Asset Price Risk (pp. 410-12)
Philippe Bacchetta, Cédric Tille and Eric van Wincoop
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Papers: Behavioral Economics and Consumer Regulation

Helping Consumers Know Themselves (pp. 417-22)
Emir Kamenica, Sendhil Mullainathan and Richard Thaler
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Papers: Responses to Environmental Regulation

Superfund Cleanups and Infant Health (pp. 435-41)
Janet Currie, Michael Greenstone and Enrico Moretti
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Papers: Mobility and Monopsony in the Labor Market

Monopsony, Mobility, and Sex Differences in Pay: Missouri School Teachers (pp. 454-59)
Michael R. Ransom and Val E. Lambson
Abstract/Tools | Full-text Article | Online Appendix (131.37 KB)

Papers: Micro versus Macro Labor Supply Elasticities

Are Micro and Macro Labor Supply Elasticities Consistent? A Review of Evidence on the Intensive and Extensive Margins (pp. 471-75)
Raj Chetty, Adam Guren, Day Manoli and Andrea Weber
Abstract/Tools | Full-text Article | Online Appendix (27.13 KB)
Interpreting Labor Supply Regressions in a Model of Full- and Part-Time Work (pp. 476-81)
Yongsung Chang, Sun-Bin Kim, Kyooho Kwon and Richard Rogerson
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Labor Supply and the Extensive Margin (pp. 482-86)
Richard Blundell, Antoine Bozio and Guy Laroque
Abstract/Tools | Full-text Article | Online Appendix (155.52 KB)
A Labor Supply Elasticity Accord? (pp. 487-91)
Lars Ljungqvist and Thomas J. Sargent
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Papers: Culture, Institutions, and Development

Which Dimensions of Culture Matter for Long-Run Growth? (pp. 492-98)
Yuriy Gorodnichenko and Gerard Roland
Abstract/Tools | Full-text Article
Fertility and the Plough (pp. 499-503)
Alberto Alesina, Paola Giuliano and Nathan Nunn
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Papers: Minorities in Eastern Europe

Gender Gap in Performance under Competitive Pressure: Admissions to Czech Universities (pp. 514-18)
Štěpán Jurajda and Daniel Münich
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The Roma/Non-Roma Test Score Gap in Hungary (pp. 519-25)
Gábor Kertesi and Gábor Kézdi
Abstract/Tools | Full-text Article | Online Appendix (249.72 KB)

Papers: Regression, Reweighting, or Both?

Oaxaca-Blinder as a Reweighting Estimator (pp. 532-37)
Patrick Kline
Abstract/Tools | Full-text Article | Download Data Set (13.83 KB)
Flexible Estimation of Treatment Effect Parameters (pp. 544-51)
Thomas MaCurdy, Xiaohong Chen and Han Hong
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The Lerner Index of Monopoly Power: Origins and Uses (pp. 558-64)
Kenneth G. Elzinga and David E. Mills
Abstract/Tools | Full-text Article | Online Appendix (62.13 KB)

Papers: Challenges Facing Developing Countries

The Impact of the Transatlantic Slave Trade on Ethnic Stratification in Africa (pp. 571-76)
Warren Whatley and Rob Gillezeau
Abstract/Tools | Full-text Article | Online Appendix (116.46 KB)
Remittances and Income Smoothing (pp. 582-87)
Catalina Amuedo-Dorantes and Susan Pozo
Abstract/Tools | Full-text Article | Download Data Set (3.29 MB) | Online Appendix (78.81 KB)

Papers: Race, Gender, Ethnicity, College Choice, and The Labor Market

Applying Fixed Effects to Hierarchical Segregation Models (pp. 588-92)
Dina Shatnawi, Ronald Oaxaca and Michael Ransom
Abstract/Tools | Full-text Article

Papers: New Developments in Housing Research

Owner-Occupied Housing: Life-Cycle Implications for the Household Portfolio (pp. 609-14)
Marjorie Flavin and Takashi Yamashita
Abstract/Tools | Full-text Article | Download Data Set (20.57 MB)
House Prices and Marital Stability (pp. 615-19)
Martin Farnham, Lucie Schmidt and Purvi Sevak
Abstract/Tools | Full-text Article

Papers: Gender Gaps in Families, Health Care, and Industry

Compensating Differentials for Sexual Harassment (pp. 630-34)
Joni Hersch
Abstract/Tools | Full-text Article
Report of the Secretary for 2010 (pp. 655-58)
John J. Siegfried
Abstract/Tools | Full-text Article (Complimentary)
Report of the Treasurer (pp. 659-63)
John J. Siegfried
Abstract/Tools | Full-text Article (Complimentary)
Committee on Government Relations (pp. 741-43)
Katharine G. Abraham
Abstract/Tools | Full-text Article (Complimentary)


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