Front Matter

(pp. i-x)

Richard T. Ely Lecture

In Defense of Inequality

Finis Welch

(pp. 1-17)

Economic Well-Being in the United States: How Much Improvement?

Fifty Years of U.S. Income Data from the Current Population Survey: Alternatives, Trends, and Quality

Daniel H. Weinberg, Charles T. Nelson, Marc I. Roemer and Edward J. Welniak

(pp. 18-22)

U.S. Wage-Inequality Trends and Recent Immigration

Robert I. Lerman

(pp. 23-28)

Some Income-Measurement Issues and Their Policy Implications

John C. Weicher

(pp. 29-33)

Trends in Worker Pay: What Do the Data Show?

Why Do Different Wage Series Tell Different Stories?

Katharine G. Abraham, James R. Spletzer and Jay C. Stewart

(pp. 34-39)

Economic Growth: How Good Can It Get?

Frank P. Stafford

(pp. 40-44)

Measuring Labor's Share

Alan B. Krueger

(pp. 45-51)

The "Natural Rate" and the NAIRU After Four Years of Low Inflation

The NAIRU and Wages in Local Labor Markets

Robert M. Coen, Robert Eisner, John Tepper Marlin and Suken N. Shah

(pp. 52-57)

Does the NAIRU Have the Right Dynamics?

Ray C. Fair

(pp. 58-62)

Behind This Structural Boom: The Role of Asset Valuations

Edmund S. Phelps

(pp. 63-68)

New Developments in Price Dynamics

Wage Dynamics: Reconciling Theory and Evidence

Olivier Blanchard and Lawrence F. Katz

(pp. 69-74)

Toward a General Theory of Wage and Price Rigidities and Economic Fluctuations

Joseph E. Stiglitz

(pp. 75-80)

Price Dynamics and Production Lags

Assar Lindbeck and Dennis J. Snower

(pp. 81-88)

Firm Size and Wages

Firm-Size Wage Differentials in Switzerland: Evidence from Job-Changers

Rudolf Winter-Ebmer and Josef Zweimuller

(pp. 89-93)

Productivity Differences across Employers: The Roles of Employer Size, Age, and Human Capital

John C. Haltiwanger, Julia I. Lane and James Spletzer

(pp. 94-98)

Examining the Employer-Size Wage Premium in the Manufacturing, Retail Trade, and Service Industries Using Employer-Employee Matched Data

Kimberly Bayard and Kenneth R. Troske

(pp. 99-103)

Workers Are More Productive in Large Firms

Todd L. Idson and Walter Y. Oi

(pp. 104-108)

Productivity Growth: Current Recovery and Longer-Term Trends

Information Technology and Growth

Dale W. Jorgenson and Kevin J. Stiroh

(pp. 109-115)

The Information-Technology Revolution and the Stock Market

Jeremy Greenwood and Boyan Jovanovic

(pp. 116-122)

U.S. Economic Growth since 1870: One Big Wave?

Robert J. Gordon

(pp. 123-128)

New Ideas on Economic Growth

Zipf's Law and the Growth of Cities

Xavier Gabaix

(pp. 129-132)

Productivity Growth and Factor Prices in East Asia

Chang-Tai Hsieh

(pp. 133-138)

Growth: With or Without Scale Effects?

Charles I. Jones

(pp. 139-144)

Population and Economic Growth

Population and Economic Growth

Gary S. Becker, Edward L. Glaeser and Kevin M. Murphy

(pp. 145-149)

From Malthusian Stagnation to Modern Growth

Oded Galor and David N. Weil

(pp. 150-154)

Income-Distribution Dynamics with Endogenous Fertility

Michael Kremer and Daniel Chen

(pp. 155-160)

Generational Accounting Around the World

Generational Accounting around the Globe

Laurence J. Kotlikoff and Bernd Raffelhuschen

(pp. 161-166)

Generational Accounting in Europe

Bernd Raffelhuschen

(pp. 167-170)

Lessons from Generational Accounting in Japan

Noriyuki Takayama and Yukinobu Kitamura

(pp. 171-175)

Analyzing the Fiscal Impact of U.S. Immigration

Alan J. Auerbach and Philip Oreopoulos

(pp. 176-180)

Immigration Policy and Immigrant Quality

Are Immigrants Favorably Self-Selected?

Barry Chiswick

(pp. 181-185)

Immigrants and Human-Capital Investment

Harriet Orcutt Duleep and Mark C. Regets

(pp. 186-191)

Immigration Policy and Immigrant Quality: The Australian Points System

Paul W. Miller

(pp. 192-197)

Topics in Labor Economics

Women's Wages in Women's Work: A U.S./Canada Comparison of the Roles of Unions and "Public Goods" Sector Jobs

Michael Baker and Nicole M. Fortin

(pp. 198-203)

Exchange Rates and Employment Instability: Evidence from Matched CPS Data

Linda Goldberg, Joseph Tracy and Stephanie Aaronson

(pp. 204-210)

Employment and Retirement Following a Late-Career Job Loss

Sewin Chan and Ann Huff Stevens

(pp. 211-216)

Prospects for the Long-Term Reform of Medicare

Medicare Reform: Obstacles and Options

Joseph R. Antos and Linda Bilheimer

(pp. 217-221)

Prefunding Medicare

Martin Feldstein

(pp. 222-227)

The Geography of Medicare

David M. Cutler and Louise Sheiner

(pp. 228-233)

Child Welfare

Household Resource Allocation in Stepfamilies: Darwin Reflects on the Plight of Cinderella

Anne Case, I-Fen Lin and Sara McLanahan

(pp. 234-238)

Parental Resources and Child Abuse and Neglect

Christina Paxson and Jane Waldfogel

(pp. 239-244)

Is the Impact of Health Shocks Cushioned by Socioeconomic Status? The Case of Low Birthweight

Janet Currie and Rosemary Hyson

(pp. 245-250)

Why Has Fertility Fallen Below Replacement in Industrial Nations, and Will It Last?

Population Growth, Dependency, and Consumption

David N. Weil

(pp. 251-255)

Fertility Decline in the Developed World: Where Will It End?

John Bongaarts

(pp. 256-260)

U.S. Abortion Policy and Fertility

Jacob Alex Klerman

(pp. 261-264)

Agriculture and Transition: The First Decade

Measures of Agricultural Support Policies in Transition Economies: 1994-1997

Alberto Valdes

(pp. 265-270)

Land Reform and Farm Restructuring: What Has Been Accomplished to Date?

Zvi Lerman

(pp. 271-275)

History's Largest Labor Flow: Understanding China's Rural Migration

Inside China's Cities: Institutional Barriers and Opportunities for Urban Migrants

Feng Wang and Xuejin Zuo

(pp. 276-280)

Leaving the Countryside: Rural-to-Urban Migration Decisions in China

Yaohui Zhao

(pp. 281-286)

Migration, Remittances, and Agricultural Productivity in China

Scott Rozelle, J. Edward Taylor and Alan deBrauw

(pp. 287-291)

Income Distribution in China

Markets and Inequality in Rural China: Parallels with the Past

Dwayne Benjamin and Loren Brandt

(pp. 292-295)

Income Distribution in Urban China during the Period of Economic Reform and Globalization

Azizur Rahman Khan, Keith Griffin and Carl Riskin

(pp. 296-300)

China's Lagging Poor Areas

Martin Ravallion and Jyotsna Jalan

(pp. 301-305)

Urban-Biased Policies and Rising Income Inequality in China

Dennis Tao Yang

(pp. 306-310)

Evolution of the Geographic Concentration of Industry

The Geographic Concentration of Industry: Does Natural Advantage Explain Agglomeration?

Glenn Ellison and Edward L. Glaeser

(pp. 311-316)

Scale of Local Production and City Size

Thomas J. Holmes

(pp. 317-320)

Spatial Evolution of Population and Industry in the United States

Duncan Black and Vernon Henderson

(pp. 321-327)

The Reliability of Aggregate Statistics

Decomposition of Productivity and Unit Costs

Carol Corrado and Lawrence Slifman

(pp. 328-332)

Quality Improvement in Health Care: A Framework for Price and Output Measurement

Irving Shapiro, Matthew D. Shapiro and David W. Wilcox

(pp. 333-337)

Discrepancies in International Data: An Application to China-Hong Kong Entrepot Trade

Robert C. Feenstra, Wen Hai, Wing T. Woo and Shunli Yao

(pp. 338-343)

The State of Economic Education

How Departments of Economics Evaluate Teaching

William E. Becker and Michael Watts

(pp. 344-349)

What Do College Seniors Know about Economics?

William B. Walstad and Sam Allgood

(pp. 350-354)

The State of Economic Education

Michael K. Salemi and John J. Siegfried

(pp. 355-361)

Financial Services in the Black Community

Credit and Banking Structure: Asian and African-American Experience in Los Angeles

Gary Dymski and Lisa Mohanty

(pp. 362-366)

What Can We Expect from Community-Based Lending for the District of Columbia

Gwendolyn Flowers

(pp. 367-371)

The Economic Performance of African-American-Owned Banks: The Role of Loan Loss Provisions

Christopher C. Henderson

(pp. 372-376)

Portfolio Choices of Parents and Their Children as Young Adults: Asset Accumulation by African-American Families

Ngina S. Chiteji and Frank P. Stafford

(pp. 377-380)

Gender and Economic Transactions

Financial Decision-Making: Are Women Really More Risk-Averse?

Renate Schubert, Martin Brown, Matthias Gysler and Hans Wolfgang Brachinger

(pp. 381-385)

Gender and Culture: International Experimental Evidence from Trust Games

Rachel Croson and Nancy Buchan

(pp. 386-391)

Cracks in the Glass Ceiling: Gender and Promotion in the Economics Profession

John M. McDowell, Larry D. Singell and James P. Ziliak

(pp. 392-396)

Gender Differences in Salary and Promotion in the Humanities

Donna K. Ginther and Kathy J. Hayes

(pp. 397-402)

Ineffectiveness of Economic Sanctions

Same Song, Same Refrain? Economic Sanctions in the 1990's

Kimberly Ann Elliott and Gary Clyde Hufbauer

(pp. 403-408)

Sanctions: Some Simple Analytics

Jonathan Eaton and Maxim Engers

(pp. 409-414)

Sanctions on South Africa: What Did They Do?

Philip I. Levy

(pp. 415-420)

The Soft Budget Constraint

Recent Theoretical Work on the Soft Budget Constraint

Eric S. Maskin

(pp. 421-425)

Policy Burdens, Accountability, and the Soft Budget Constraint

Justin Yifu Lin and Guofu Tan

(pp. 426-431)

The Myth of the East Asian Miracle: The Macroeconomic Implications of Soft Budgets

Chong-En Bai and Yijiang Wang

(pp. 432-437)

Institutions, Innovations, and Growth

Haizhou Huang and Chenggang Xu

(pp. 438-443)

Proceedings: Minutes of the Annual Meeting

Minutes of the Annual Meeting

John J. Siegfried

(pp. 447-448)

Proceedings: Minutes of the Executive Committee Meetings

Minutes of the Executive Committee Meetings

John J. Siegfried

(pp. 449-461)

Proceedings: Reports

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American Economic Review

Vol. 89 No. 2 May 1999

Find articles in this issue

Front Matter (pp. i-x)

In Defense of Inequality Finis Welch (pp. 1-17)

Fifty Years of U.S. Income Data from the Current Population Survey: Alternatives, Trends, and Quality Daniel H. Weinberg, Charles T. Nelson, Marc I. Roemer and Edward J. Welniak (pp. 18-22)

U.S. Wage-Inequality Trends and Recent Immigration Robert I. Lerman (pp. 23-28)

Some Income-Measurement Issues and Their Policy Implications John C. Weicher (pp. 29-33)

Why Do Different Wage Series Tell Different Stories? Katharine G. Abraham, James R. Spletzer and Jay C. Stewart (pp. 34-39)

Economic Growth: How Good Can It Get? Frank P. Stafford (pp. 40-44)

Measuring Labor's Share Alan B. Krueger (pp. 45-51)

The NAIRU and Wages in Local Labor Markets Robert M. Coen, Robert Eisner, John Tepper Marlin and Suken N. Shah (pp. 52-57)

Does the NAIRU Have the Right Dynamics? Ray C. Fair (pp. 58-62)

Behind This Structural Boom: The Role of Asset Valuations Edmund S. Phelps (pp. 63-68)

Wage Dynamics: Reconciling Theory and Evidence Olivier Blanchard and Lawrence F. Katz (pp. 69-74)

Toward a General Theory of Wage and Price Rigidities and Economic Fluctuations Joseph E. Stiglitz (pp. 75-80)

Price Dynamics and Production Lags Assar Lindbeck and Dennis J. Snower (pp. 81-88)

Firm-Size Wage Differentials in Switzerland: Evidence from Job-Changers Rudolf Winter-Ebmer and Josef Zweimuller (pp. 89-93)

Productivity Differences across Employers: The Roles of Employer Size, Age, and Human Capital John C. Haltiwanger, Julia I. Lane and James Spletzer (pp. 94-98)

Examining the Employer-Size Wage Premium in the Manufacturing, Retail Trade, and Service Industries Using Employer-Employee Matched Data Kimberly Bayard and Kenneth R. Troske (pp. 99-103)

Workers Are More Productive in Large Firms Todd L. Idson and Walter Y. Oi (pp. 104-108)

Information Technology and Growth Dale W. Jorgenson and Kevin J. Stiroh (pp. 109-115)

The Information-Technology Revolution and the Stock Market Jeremy Greenwood and Boyan Jovanovic (pp. 116-122)

U.S. Economic Growth since 1870: One Big Wave? Robert J. Gordon (pp. 123-128)

Zipf's Law and the Growth of Cities Xavier Gabaix (pp. 129-132)

Productivity Growth and Factor Prices in East Asia Chang-Tai Hsieh (pp. 133-138)

Growth: With or Without Scale Effects? Charles I. Jones (pp. 139-144)

Population and Economic Growth Gary S. Becker, Edward L. Glaeser and Kevin M. Murphy (pp. 145-149)

From Malthusian Stagnation to Modern Growth Oded Galor and David N. Weil (pp. 150-154)

Income-Distribution Dynamics with Endogenous Fertility Michael Kremer and Daniel Chen (pp. 155-160)

Generational Accounting around the Globe Laurence J. Kotlikoff and Bernd Raffelhuschen (pp. 161-166)

Generational Accounting in Europe Bernd Raffelhuschen (pp. 167-170)

Lessons from Generational Accounting in Japan Noriyuki Takayama and Yukinobu Kitamura (pp. 171-175)

Analyzing the Fiscal Impact of U.S. Immigration Alan J. Auerbach and Philip Oreopoulos (pp. 176-180)

Are Immigrants Favorably Self-Selected? Barry Chiswick (pp. 181-185)

Immigrants and Human-Capital Investment Harriet Orcutt Duleep and Mark C. Regets (pp. 186-191)

Immigration Policy and Immigrant Quality: The Australian Points System Paul W. Miller (pp. 192-197)

Women's Wages in Women's Work: A U.S./Canada Comparison of the Roles of Unions and "Public Goods" Sector Jobs Michael Baker and Nicole M. Fortin (pp. 198-203)

Exchange Rates and Employment Instability: Evidence from Matched CPS Data Linda Goldberg, Joseph Tracy and Stephanie Aaronson (pp. 204-210)

Employment and Retirement Following a Late-Career Job Loss Sewin Chan and Ann Huff Stevens (pp. 211-216)

Medicare Reform: Obstacles and Options Joseph R. Antos and Linda Bilheimer (pp. 217-221)

Prefunding Medicare Martin Feldstein (pp. 222-227)

The Geography of Medicare David M. Cutler and Louise Sheiner (pp. 228-233)

Household Resource Allocation in Stepfamilies: Darwin Reflects on the Plight of Cinderella Anne Case, I-Fen Lin and Sara McLanahan (pp. 234-238)

Parental Resources and Child Abuse and Neglect Christina Paxson and Jane Waldfogel (pp. 239-244)

Is the Impact of Health Shocks Cushioned by Socioeconomic Status? The Case of Low Birthweight Janet Currie and Rosemary Hyson (pp. 245-250)

Population Growth, Dependency, and Consumption David N. Weil (pp. 251-255)

Fertility Decline in the Developed World: Where Will It End? John Bongaarts (pp. 256-260)

U.S. Abortion Policy and Fertility Jacob Alex Klerman (pp. 261-264)

Measures of Agricultural Support Policies in Transition Economies: 1994-1997 Alberto Valdes (pp. 265-270)

Land Reform and Farm Restructuring: What Has Been Accomplished to Date? Zvi Lerman (pp. 271-275)

Inside China's Cities: Institutional Barriers and Opportunities for Urban Migrants Feng Wang and Xuejin Zuo (pp. 276-280)

Leaving the Countryside: Rural-to-Urban Migration Decisions in China Yaohui Zhao (pp. 281-286)

Migration, Remittances, and Agricultural Productivity in China Scott Rozelle, J. Edward Taylor and Alan deBrauw (pp. 287-291)

Markets and Inequality in Rural China: Parallels with the Past Dwayne Benjamin and Loren Brandt (pp. 292-295)

Income Distribution in Urban China during the Period of Economic Reform and Globalization Azizur Rahman Khan, Keith Griffin and Carl Riskin (pp. 296-300)

China's Lagging Poor Areas Martin Ravallion and Jyotsna Jalan (pp. 301-305)

Urban-Biased Policies and Rising Income Inequality in China Dennis Tao Yang (pp. 306-310)

The Geographic Concentration of Industry: Does Natural Advantage Explain Agglomeration? Glenn Ellison and Edward L. Glaeser (pp. 311-316)

Scale of Local Production and City Size Thomas J. Holmes (pp. 317-320)

Spatial Evolution of Population and Industry in the United States Duncan Black and Vernon Henderson (pp. 321-327)

Decomposition of Productivity and Unit Costs Carol Corrado and Lawrence Slifman (pp. 328-332)

Quality Improvement in Health Care: A Framework for Price and Output Measurement Irving Shapiro, Matthew D. Shapiro and David W. Wilcox (pp. 333-337)

Discrepancies in International Data: An Application to China-Hong Kong Entrepot Trade Robert C. Feenstra, Wen Hai, Wing T. Woo and Shunli Yao (pp. 338-343)

How Departments of Economics Evaluate Teaching William E. Becker and Michael Watts (pp. 344-349)

What Do College Seniors Know about Economics? William B. Walstad and Sam Allgood (pp. 350-354)

The State of Economic Education Michael K. Salemi and John J. Siegfried (pp. 355-361)

Credit and Banking Structure: Asian and African-American Experience in Los Angeles Gary Dymski and Lisa Mohanty (pp. 362-366)

What Can We Expect from Community-Based Lending for the District of Columbia Gwendolyn Flowers (pp. 367-371)

The Economic Performance of African-American-Owned Banks: The Role of Loan Loss Provisions Christopher C. Henderson (pp. 372-376)

Portfolio Choices of Parents and Their Children as Young Adults: Asset Accumulation by African-American Families Ngina S. Chiteji and Frank P. Stafford (pp. 377-380)

Financial Decision-Making: Are Women Really More Risk-Averse? Renate Schubert, Martin Brown, Matthias Gysler and Hans Wolfgang Brachinger (pp. 381-385)

Gender and Culture: International Experimental Evidence from Trust Games Rachel Croson and Nancy Buchan (pp. 386-391)

Cracks in the Glass Ceiling: Gender and Promotion in the Economics Profession John M. McDowell, Larry D. Singell and James P. Ziliak (pp. 392-396)

Gender Differences in Salary and Promotion in the Humanities Donna K. Ginther and Kathy J. Hayes (pp. 397-402)

Same Song, Same Refrain? Economic Sanctions in the 1990's Kimberly Ann Elliott and Gary Clyde Hufbauer (pp. 403-408)

Sanctions: Some Simple Analytics Jonathan Eaton and Maxim Engers (pp. 409-414)

Sanctions on South Africa: What Did They Do? Philip I. Levy (pp. 415-420)

Recent Theoretical Work on the Soft Budget Constraint Eric S. Maskin (pp. 421-425)