Front Matter
(pp. i-ix)
American Economic Review
Vol. 101 No. 3 May 2011
Find articles in this issue
Foreword
(p. x)
Editors' Introduction
(pp. xi-xii)
Inequality at Birth: Some Causes and Consequences
(pp. 1-22)
Recessions, Retirement, and Social Security
(pp. 23-28)
What Explains Changes in Retirement Plans during the Great Recession?
(pp. 29-34)
Time to Retire? The Effect of State Fiscal Policies on Retirement Decisions
(pp. 35-39)
Crash and Wait? The Impact of the Great Recession on the Retirement Plans of Older Americans
(pp. 40-44)
Does Concentration Matter? Measurement of Petroleum Merger Price Effects
(pp. 45-50)
More Evidence on the Performance of Merger Simulations
(pp. 51-55)
Challenges in Merger Simulation Analysis
(pp. 56-59)
The Effect of Bottle Laws on Income: New Empirical Results
(pp. 60-64)
Promoting Recycling: Private Values, Social Norms, and Economic Incentives
(pp. 65-70)
The Environmental Consequences of Global Reuse
(pp. 71-76)
The Diffusion of Energy Efficiency in Building
(pp. 77-82)
Do Residential Customers Respond to Hourly Prices? Evidence from a Dynamic Pricing Experiment
(pp. 83-87)
Electricity Consumption and Durable Housing: Understanding Cohort Effects
(pp. 88-92)
Is an Automaker's Road to Bankruptcy Paved with Customers' Beliefs?
(pp. 93-97)
Consumers' Perceptions and Misperceptions of Energy Costs
(pp. 98-104)
Fuel Economy, Car Class Mix, and Safety
(pp. 105-09)
Forecasting Gasoline Prices Using Consumer Surveys
(pp. 110-14)
Credit Ratings and Security Prices in the Subprime MBS Market
(pp. 115-19)
Credit Ratings Accuracy and Analyst Incentives
(pp. 120-24)
Did Credit Rating Agencies Make Unbiased Assumptions on CDOs?
(pp. 125-30)
Credit Ratings and the Evolution of the Mortgage-Backed Securities Market
(pp. 131-35)
Wine Retail Price Dispersion in the United States: Searching for Expensive Wines?
(pp. 136-41)
Climate, Grapevine Phenology, Wine Production, and Prices: Pauillac (1800-2009)
(pp. 142-46)
Isolating the Symbolic Implications of Employee Mobility: Price Increases after Hiring Winemakers from Prominent Wineries
(pp. 147-51)
What Is the Value of Terroir?
(pp. 152-56)
The Restoration of Welfare Economics
(pp. 157-61)
Markets and Morality
(pp. 162-65)
Economics: A Moral Inquiry with Religious Origins
(pp. 166-70)
Economists as Worldly Philosophers
(pp. 171-75)
Completion Rates and Time-to-Degree in Economics PhD Programs (with comments by David Colander, N. Gregory Mankiw, Melissa P. McInerney, James M. Poterba)
(pp. 176-88)
A Bright Idea for Measuring Economic Growth
(pp. 194-99)
Does Quality Adjustment Matter for Technologically Stable Products? An Application to the CPI for Food
(pp. 200-205)
Quality Adjustment for Health Care Spending on Chronic Disease: Evidence from Diabetes Treatment, 1999-2009
(pp. 206-11)
Sale Rates and Price Movements in Art Auctions
(pp. 212-16)
Rock and Roll Bands, (In)complete Contracts, and Creativity
(pp. 217-21)
Art and Money
(pp. 222-26)
Optimal Learning Patterns for Creativity Generation in a Field
(pp. 227-32)
Why Can't US Airlines Make Money?
(pp. 233-37)
Comparing the Costs of Intermittent and Dispatchable Electricity Generating Technologies
(pp. 238-41)
Financial Regulatory Reform: Challenges Ahead
(pp. 242-46)
Measuring the Benefits of Greater Spatial Granularity in Short-Term Pricing in Wholesale Electricity Markets
(pp. 247-52)
Challenges from State-Federal Interactions in US Climate Change Policy
(pp. 253-57)
The Role of Trade and Competitiveness Measures in US Climate Policy
(pp. 258-62)
Vertical Targeting and Leakage in Carbon Policy
(pp. 263-67)
The Effect of Allowing Pollution Offsets with Imperfect Enforcement
(pp. 268-72)
Corrective Taxation versus Liability
(pp. 273-76)
Optimal Proof Burdens, Deterrence, and the Chilling of Desirable Behavior
(pp. 277-80)
Trust in Public Institutions over the Business Cycle
(pp. 281-87)
Predicting and Preventing Shootings among At-Risk Youth
(pp. 288-92)
The "Collapse in Quality" Hypothesis
(pp. 293-97)
Trade Finance and the Great Trade Collapse
(pp. 298-302)
US Trade and Inventory Dynamics
(pp. 303-07)
Vertical Linkages and the Collapse of Global Trade
(pp. 308-12)
Does Market Experience Eliminate Market Anomalies? The Case of Exogenous Market Experience
(pp. 313-17)
The Persistence of Treatment Effects with Norm-Based Policy Instruments: Evidence from a Randomized Environmental Policy Experiment
(pp. 318-22)
Can Tailored Communications Motivate Environmental Volunteers? A Natural Field Experiment
(pp. 323-28)
Using Artefactual Field Experiments to Learn about the Incentives for Sustainable Forest Use in Developing Economies
(pp. 329-33)
Long-Term Consequences of Vietnam-Era Conscription: New Estimates Using Social Security Data
(pp. 334-38)
Battle Scars? The Puzzling Decline in Employment and Rise in Disability Receipt among Vietnam Era Veterans
(pp. 339-44)
Long-Run Mortality Effects of Vietnam-Era Army Service: Evidence from Australia's Conscription Lotteries
(pp. 345-49)
The War at Home: Effects of Vietnam-Era Military Service on Postwar Household Stability
(pp. 350-54)
Race and Home Ownership from the End of the Civil War to the Present
(pp. 355-59)
Covenants without Courts: Enforcing Residential Segregation with Legally Unenforceable Agreements
(pp. 360-65)
The New Deal, Race, and Home Ownership in the 1920s and 1930s
(pp. 366-70)
Land and Racial Wealth Inequality
(pp. 371-76)
Heterogeneity in Choice Inconsistencies among the Elderly: Evidence from Prescription Drug Plan Choice
(pp. 377-81)
Part D Formulary and Benefit Design as a Risk-Steering Mechanism
(pp. 382-86)
The Medium-Term Impact of Medicare Part D on Pharmaceutical Prices
(pp. 387-92)
Are Drugs Substitutes or Complements for Intensive (and Expensive) Medical Treatment
(pp. 393-97)
The Risky Steady State
(pp. 398-401)
Market Sentiment: A Tragedy of the Commons
(pp. 402-05)
Disasterization: A Simple Way to Fix the Asset Pricing Properties of Macroeconomic Models
(pp. 406-09)
Regulating Asset Price Risk
(pp. 410-12)
Leverage and the Financial Accelerator in a Liquidity Trap
(pp. 413-16)
Helping Consumers Know Themselves
(pp. 417-22)
The Limits of Transparency: Pitfalls and Potential of Disclosing Conflicts of Interest
(pp. 423-28)
The Financial Education Fallacy
(pp. 429-34)
Superfund Cleanups and Infant Health
(pp. 435-41)
Environmental Regulation and Labor Reallocation: Evidence from the Clean Air Act
(pp. 442-47)
Water Quality Violations and Avoidance Behavior: Evidence from Bottled Water Consumption
(pp. 448-53)
Monopsony, Mobility, and Sex Differences in Pay: Missouri School Teachers
(pp. 454-59)
Teacher Mobility Responses to Wage Changes: Evidence from a Quasi-natural Experiment
(pp. 460-65)
Negative Returns to Seniority and Job Mobility across the Program Quality Distribution: Are Top Public PhD-Granting Programs Different?
(pp. 466-70)
Are Micro and Macro Labor Supply Elasticities Consistent? A Review of Evidence on the Intensive and Extensive Margins
(pp. 471-75)
Interpreting Labor Supply Regressions in a Model of Full- and Part-Time Work
(pp. 476-81)
Labor Supply and the Extensive Margin
(pp. 482-86)
A Labor Supply Elasticity Accord?
(pp. 487-91)
Which Dimensions of Culture Matter for Long-Run Growth?
(pp. 492-98)
Fertility and the Plough
(pp. 499-503)
The Weight of History on European Cultural Integration: A Gravity Approach
(pp. 504-08)
Social Preferences and Fairness Norms as Informal Institutions: Experimental Evidence
(pp. 509-13)
Gender Gap in Performance under Competitive Pressure: Admissions to Czech Universities
(pp. 514-18)
The Roma/Non-Roma Test Score Gap in Hungary
(pp. 519-25)
Learn English, Not the Local Language! Ethnic Russians in the Baltic States
(pp. 526-31)
Oaxaca-Blinder as a Reweighting Estimator
(pp. 532-37)
Robustness to Parametric Assumptions in Missing Data Models
(pp. 538-43)
Flexible Estimation of Treatment Effect Parameters
(pp. 544-51)
Origins of the Unemployment Rate: The Lasting Legacy of Measurement without Theory
(pp. 552-57)
The Lerner Index of Monopoly Power: Origins and Uses
(pp. 558-64)
Real Wage Index Numbers
(pp. 565-70)
The Impact of the Transatlantic Slave Trade on Ethnic Stratification in Africa
(pp. 571-76)
Global Financial Crisis and Africa: Is the Impact Permanent or Transitory? Time Series Evidence from North Africa
(pp. 577-81)
Remittances and Income Smoothing
(pp. 582-87)
Applying Fixed Effects to Hierarchical Segregation Models
(pp. 588-92)
Does Mestizaje Matter in the US? Economic Stratification of Mexican Immigrants
(pp. 593-97)
Estimating the Ex Ante Expected Returns to College
(pp. 598-602)
Tracking Intergenerational Progress for Immigrant Groups: The Problem of Ethnic Attrition
(pp. 603-08)
Owner-Occupied Housing: Life-Cycle Implications for the Household Portfolio
(pp. 609-14)
House Prices and Marital Stability
(pp. 615-19)
Hazardous Waste Cleanup, Neighborhood Gentrification, and Environmental Justice: Evidence from Restricted Access Census Block Data
(pp. 620-24)
Estimating the Willingness to Pay to Avoid Violent Crime: A Dynamic Approach
(pp. 625-29)
Compensating Differentials for Sexual Harassment
(pp. 630-34)
Chipping Away at the Glass Ceiling: Gender Spillovers in Corporate Leadership
(pp. 635-39)
Have Gender Gaps in Insurance Coverage and Access to Care Narrowed under Health Reform? Findings from Massachusetts
(pp. 640-44)
International Migration and Gender Discrimination among Children Left Behind
(pp. 645-49)
Minutes of the Annual Meeting: Denver, CO, January 8, 2011
(pp. 653-54)
Report of the Secretary for 2010
(pp. 655-58)
Report of the Treasurer
(pp. 659-63)
American Economic Association Universal Academic Questionnaire Summary Statistics
(pp. 664-67)
Minutes of the Meeting of the Executive Committee: Chicago, IL, April 23, 2010
(pp. 669-76)
Minutes of the Meeting of the Executive Committee: Denver, CO, January 6, 2011
(pp. 677-83)
Report of the Editor: American Economic Review (with Appendix by Philip J. Glandon)
(pp. 684-93)
Report of the Editor: Journal of Economic Literature
(pp. 700-702)
Report of the Editor: Journal of Economic Perspectives
(pp. 703-05)
Report of the Editor: American Economic Journal: Applied Economics
(pp. 706-09)
Report of the Editor: American Economic Journal: Economic Policy
(pp. 710-12)
Report of the Editor: American Economic Journal: Macroeconomics
(pp. 713-17)
Report of the Editor: American Economic Journal: Microeconomics
(pp. 718-20)
Report of the Director: Job Openings for Economists
(pp. 721-23)
Report of the Committee on Economic Education for 2010
(pp. 724-30)
Report of the Committee on the Status of Women in the Economics Profession 2010
(pp. 731-36)
Committee on the Status of Minority Groups in the Economics Profession: Report of Committee Activities for the 2010 Calendar Year
(pp. 737-38)
American Economic Association Committee on Statistics (AEAStat): Annual Report--2010
(pp. 739-40)
Report of the Committee on Government Relations
(pp. 741-43)
Report of Ad Hoc Committee on the Job Market
(pp. 744-46)