Front Matter

(pp. i-ix)

Foreword

Chris Sims

(pp. x-x)

Editors' Introduction

William R. Johnson and Samantha Bennett

(pp. xi-xii)

Richard T. Ely Lecture

Does the Current Account Still Matter?

Maurice Obstfeld

(pp. 1-23)

Implications of Rational Inattention

Simple Market Equilibria with Rationally Inattentive Consumers

Filip Matějka and Alisdair McKay

(pp. 24-29)

Information Processing and Limited Liability

Bartosz Mackowiak and Mirko Wiederholt

(pp. 30-34)

Information Choice Technologies

Christian Hellwig, Sebastian Kohls and Laura Veldkamp

(pp. 35-40)

Attention and Choice

Prospect Theory as Efficient Perceptual Distortion

Michael Woodford

(pp. 41-46)

Salience in Experimental Tests of the Endowment Effect

Pedro Bordalo, Nicola Gennaioli and Andrei Shleifer

(pp. 47-52)

Measuring Systemic Risk

Getting at Systemic Risk via an Agent-Based Model of the Housing Market

John Geanakoplos, Robert Axtell, J. Doyne Farmer, Peter Howitt, Benjamin Conlee, Jonathan Goldstein, Matthew Hendrey, Nathan M. Palmer and Chun-Yi Yang

(pp. 53-58)

Capital Shortfall: A New Approach to Ranking and Regulating Systemic Risks

Viral Acharya, Robert Engle and Matthew Richardson

(pp. 59-64)

Privacy-Preserving Methods for Sharing Financial Risk Exposures

Emmanuel A. Abbe, Amir E. Khandani and Andrew W. Lo

(pp. 65-70)

Fiscal Policy During and After the Financial Crisis

Fiscal Policy and the Great Recession in the Euro Area

Günter Coenen, Roland Straub and Mathias Trabandt

(pp. 71-76)

Fiscal Policy in a Financial Crisis: Standard Policy versus Bank Rescue Measures

Robert Kollmann, Werner Roeger and Jan in't Veld

(pp. 77-81)

Bubbles and Financial Crisis

Bubbles and Total Factor Productivity

Jianjun Miao and Pengfei Wang

(pp. 82-87)

Debt Financing in Asset Markets

Zhiguo He and Wei Xiong

(pp. 88-94)

Understanding Bubbly Episodes

Vasco M. Carvalho, Alberto Martin and Jaume Ventura

(pp. 95-100)

Financial Reform—What's Really Needed?

The Safe-Asset Share

Gary Gorton, Stefan Lewellen and Andrew Metrick

(pp. 101-06)

Three Principles for Market-Based Credit Regulation

Perry Mehrling

(pp. 107-12)

Limited-Purpose Banking--Moving from "Trust Me" to "Show Me" Banking

Christophe Chamley, Laurence J. Kotlikoff and Herakles Polemarchakis

(pp. 113-19)

Very Local House Price Dynamics

Within-City Variation in Urban Decline: The Case of Detroit

Veronica Guerrieri, Daniel Hartley and Erik Hurst

(pp. 120-26)

Housing Booms and City Centers

Edward L. Glaeser, Joshua D. Gottlieb and Kristina Tobio

(pp. 127-33)

Heterogeneity in Neighborhood-Level Price Growth in the United States, 1993-2009

Fernando Ferreira and Joseph Gyourko

(pp. 134-40)

Asset Prices and Wealth Dynamics with Heterogenous Beliefs

Market Prices of Risk with Diverse Beliefs, Learning, and Catastrophes

Timothy Cogley, Thomas J. Sargent and Viktor Tsyrennikov

(pp. 141-46)

Financial Innovation and Asset Price Volatility

Felix Kubler and Karl Schmedders

(pp. 147-51)

International Robust Disagreement

Riccardo Colacito and Mariano M. Croce

(pp. 152-55)

Heterogeneous Beliefs, Wealth Distribution, and Asset Markets with Risk of Default

Viktor Tsyrennikov

(pp. 156-60)

Empirical Approaches to Sovereign Debt Default and Monetary-Fiscal Interactions

Estimating Sovereign Default Risk

Huixin Bi and Nora Traum

(pp. 161-66)

Evolving Monetary/Fiscal Policy Mix in the United States

Francesco Bianchi

(pp. 167-72)

Monetary-Fiscal Policy Interactions and Indeterminacy in Postwar US Data

Saroj Bhattarai, Jae Won Lee and Woong Yong Park

(pp. 173-78)

Managing Currency Pegs

Real Exchange Rate Adjustment in and out of the Eurozone

Martin Berka, Michael B. Devereux and Charles Engel

(pp. 179-85)

Fiscal Consolidation in an Open Economy

Christopher J. Erceg and Jesper Lindé

(pp. 186-91)

Managing Currency Pegs

Stephanie Schmitt-Grohé and Martín Uribe

(pp. 192-97)

International Monetary Reform

Can Asia Overcome the IMF Stigma?

Takatoshi Ito

(pp. 198-202)

Capital Flow Management

Olivier Jeanne

(pp. 203-06)

International Liquidity in a Multipolar World

Barry Eichengreen

(pp. 207-12)

The International Transmission of Financial Shocks: Bank-Level Evidence from the 2007-2009 Crisis

Follow the Money: Quantifying Domestic Effects of Foreign Bank Shocks in the Great Recession

Nicola Cetorelli and Linda S. Goldberg

(pp. 213-18)

Flight Home, Flight Abroad, and International Credit Cycles

Mariassunta Giannetti and Luc Laeven

(pp. 219-24)

From Financial Crisis to Great Recession: The Role of Globalized Banks

Shekhar Aiyar

(pp. 225-30)

International Shock Transmission after the Lehman Brothers Collapse: Evidence from Syndicated Lending

Ralph De Haas and Neeltje Van Horen

(pp. 231-37)

Coping with Economic and Environmental Shocks: Institutions and Outcomes

Moving to Higher Ground: Migration Response to Natural Disasters in the Early Twentieth Century

Leah Platt Boustan, Matthew E. Kahn and Paul W. Rhode

(pp. 238-44)

Nature versus Nurture: The Environment's Persistent Influence through the Modernization of American Agriculture

Richard Hornbeck

(pp. 245-49)

Adaptation to Climate Change in Preindustrial Iceland

Matthew A. Turner, Jeffrey S. Rosenthal, Jian Chen and Chunyan Hao

(pp. 250-55)

Crime and Terrorism

Race and Gender Differences under Federal Sentencing Guidelines

Todd Sorensen, Supriya Sarnikar and Ronald L. Oaxaca

(pp. 256-60)

Terrorism and Patriotism: On the Earnings of US Veterans following September 11, 2001

Alberto Dávila and Marie T. Mora

(pp. 261-66)

The Nonlinear Relationship between Terrorism and Poverty

Walter Enders and Gary A. Hoover

(pp. 267-72)

War and Stature: Growing Up during the Nigerian Civil War

Richard Akresh, Sonia Bhalotra, Marinella Leone and Una Okonkwo Osili

(pp. 273-77)

Growth Inputs: From Human Capital to Nation Building

Nation Building and Economic Growth

Ellyn Creasey, Ahmed S. Rahman and Katherine A. Smith

(pp. 278-82)

The Determinants and Consequences of School Choice Errors in Kenya

Adrienne M. Lucas and Isaac M. Mbiti

(pp. 283-88)

Kinship and Financial Networks, Formal Financial Access, and Risk Reduction

Cynthia Kinnan and Robert Townsend

(pp. 289-93)

Child Health and Conflict in Côte d'Ivoire

Camelia Minoiu and Olga Shemyakina

(pp. 294-99)

The Effects of Financial Education and Financial Literacy

How Financial Literacy Affects Household Wealth Accumulation

Jere R. Behrman, Olivia S. Mitchell, Cindy K. Soo and David Bravo

(pp. 300-304)

Financial Education and Timely Decision Support: Lessons from Junior Achievement

Bruce Ian Carlin and David T. Robinson

(pp. 305-08)

Financial Knowledge and Financial Literacy at the Household Level

Alan L. Gustman, Thomas L. Steinmeier and Nahid Tabatabai

(pp. 309-13)

Effectiveness of Employer-Provided Financial Information: Hiring to Retiring

Robert L. Clark, Melinda Sandler Morrill and Steven G. Allen

(pp. 314-18)

Robustness and Approximation in Mechanism Design

Efficient Auctions and Interdependent Types

Dirk Bergemann, Stephen Morris and Satoru Takahashi

(pp. 319-24)

Robustly Ranking Mechanisms

Tilman Börgers and Doug Smith

(pp. 325-29)

Approximation in Mechanism Design

Jason D. Hartline

(pp. 330-36)

Digitization and New Research Directions: Copyright, Privacy, and User-Generated Content

Copyright Research in the Digital Age: Moving from Piracy to the Supply of New Products

Joel Waldfogel

(pp. 337-42)

Is Wikipedia Biased?

Shane Greenstein and Feng Zhu

(pp. 343-48)

Shifts in Privacy Concerns

Avi Goldfarb and Catherine Tucker

(pp. 349-53)

New Challenges for Market Design

New Challenges in Multihospital Kidney Exchange

Itai Ashlagi and Alvin E. Roth

(pp. 354-59)

Holdout in the Assembly of Complements: A Problem for Market Design

Scott Duke Kominers and E. Glen Weyl

(pp. 360-65)

Stability and Strategy-Proofness for Matching with Constraints: A Problem in the Japanese Medical Match and Its Solution

Yuichiro Kamada and Fuhito Kojima

(pp. 366-70)

Understanding Price Controls and Nonprice Competition with Matching Theory

John William Hatfield, Charles R. Plott and Tomomi Tanaka

(pp. 371-75)

In Remembrance of Alfred E. Kahn: Fred Kahn's Impact on Deregulation and Regulatory Reform

After Airline Deregulation and Alfred E. Kahn

Nancy L. Rose

(pp. 376-80)

Dynamic Pricing of Electricity

Paul L. Joskow and Catherine D. Wolfram

(pp. 381-85)

Telecommunications Deregulation

Jerry A. Hausman and William E. Taylor

(pp. 386-90)

Government Policy for a Partially Deregulated Industry: Deregulate It Fully

Clifford Winston

(pp. 391-95)

Global Production Chains

Global Supply Chains and Wage Inequality

Arnaud Costinot, Jonathan Vogel and Su Wang

(pp. 396-401)

Sustaining Production Chains through Financial Linkages

Se-Jik Kim and Hyun Song Shin

(pp. 402-06)

Proximity and Production Fragmentation

Robert C. Johnson and Guillermo Noguera

(pp. 407-11)

Measuring the Upstreamness of Production and Trade Flows

Pol Antràs, Davin Chor, Thibault Fally and Russell Hillberry

(pp. 412-16)

Trade and Labor Markets: Evidence from Matched Employer-Employee Data

Trade, Labor Market Frictions, and Residual Wage Inequality across Worker Groups

Pravin Krishna, Jennifer P. Poole and Mine Zeynep Senses

(pp. 417-23)

Offshoring, Transition, and Training: Evidence from Danish Matched Worker-Firm Data

David Hummels, Jakob R. Munch, Lars Skipper and Chong Xiang

(pp. 424-28)

Liberalized Trade and Worker-Firm Matching

Carl Davidson, Fredrik Heyman, Steven Matusz, Fredrik Sjöholm and Susan Chun Zhu

(pp. 429-34)

Exports and Within-Plant Wage Distributions: Evidence from Mexico

Judith A. Frías, David S. Kaplan and Eric Verhoogen

(pp. 435-40)

New Directions in Trade And Geography

Village Economic Accounts: Real and Financial Intertwined

Archawa Paweenawat and Robert M. Townsend

(pp. 441-46)

Innovation in Space

Klaus Desmet and Esteban Rossi-Hansberg

(pp. 447-52)

Ricardo's Theory of Comparative Advantage: Old Idea, New Evidence

Arnaud Costinot and Dave Donaldson

(pp. 453-58)

New Directions in Trade Policy

Tariff Revenue and Tariff Caps

Manuel Amador and Kyle Bagwell

(pp. 459-65)

Profits in the "New Trade" Approach to Trade Negotiations

Ralph Ossa

(pp. 466-69)

Trade Agreements and the Nature of Price Determination

Pol Antràs and Robert W. Staiger

(pp. 470-76)

Model Selection

On the Use of Holdout Samples for Model Selection

Frank Schorfheide and Kenneth I. Wolpin

(pp. 477-81)

Prediction with Misspecified Models

John Geweke and Gianni Amisano

(pp. 482-86)

Assumptions Matter: Model Uncertainty and the Deterrent Effect of Capital Punishment

Steven N. Durlauf, Chao Fu and Salvador Navarro

(pp. 487-92)

The 2006 Massachusetts Health Reform

Heuristics and Heterogeneity in Health Insurance Exchanges: Evidence from the Massachusetts Connector

Keith Marzilli Ericson and Amanda Starc

(pp. 493-97)

Health Reform, Health Insurance, and Selection: Estimating Selection into Health Insurance Using the Massachusetts Health Reform

Martin B. Hackmann, Jonathan T. Kolstad and Amanda E. Kowalski

(pp. 498-501)

The Impact of the Massachusetts Health Care Reform on Health Care Use among Children

Sarah Miller

(pp. 502-07)

How Did Health Care Reform in Massachusetts Impact Insurance Premiums?

John A. Graves and Jonathan Gruber

(pp. 508-13)

Causes and Consequences of Unemployment: New Microeconomic Evidence and Perspectives

The Long-Term Effects of UI Extensions on Employment

Johannes F. Schmieder, Till von Wachter and Stefan Bender

(pp. 514-19)

Unemployment in the Great Recession: Did the Housing Market Crisis Prevent the Unemployed from Moving to Take Jobs?

Henry S. Farber

(pp. 520-25)

Contract Form, Wage Flexibility, and Employment

Thomas Lemieux, W. Bentley MacLeod and Daniel Parent

(pp. 526-31)

Immigration, Employment, and Entrepreneurship

Access to Credit by Small Businesses: How Relevant Are Race, Ethnicity, and Gender?

Elizabeth Asiedu, James A. Freeman and Akwasi Nti-Addae

(pp. 532-37)

Coming to America: Does Having a Developed Home Country Matter for Self-Employment in the United States?

Ruth Uwaifo Oyelere and Willie Belton

(pp. 538-42)

The Labor Market Impact of Mandated Employment Verification Systems

Catalina Amuedo-Dorantes and Cynthia Bansak

(pp. 543-48)

The Employment of Low-Skilled Immigrant Men in the United States

Brian Duncan and Stephen J. Trejo

(pp. 549-54)

Maternity Leave, Family Formation, and Caregiving

Love and Money by Parental Matchmaking: Evidence from Urban Couples in China

Fali Huang, Ginger Zhe Jin and Lixin Colin Xu

(pp. 555-60)

Business Cycles and Gender Diversification: An Analysis of Establishment-Level Gender Dissimilarity

Cynthia Bansak, Mary E. Graham and Allan A. Zebedee

(pp. 561-65)

Birth Rates and the Vietnam Draft

Marianne P. Bitler and Lucie Schmidt

(pp. 566-69)

Identification of the Effect of Depression on Risky Sexual Behavior: Exploiting a Natural Experiment

Susan L. Averett and Yang Wang

(pp. 570-74)

Measuring and Explaining the Collapse of the Labor Market in the Great Recession

Hiring, Churn, and the Business Cycle

Edward P. Lazear and James R. Spletzer

(pp. 575-79)

Job-to-Job Flows in the Great Recession

Henry Hyatt and Erika McEntarfer

(pp. 580-83)

Recruiting Intensity during and after the Great Recession: National and Industry Evidence

Steven J. Davis, R. Jason Faberman and John C. Haltiwanger

(pp. 584-88)

Did the Housing Price Bubble Clobber Local Labor Market Job and Worker Flows When It Burst?

John M. Abowd and Lars Vilhuber

(pp. 589-93)

Time Away from Work

Time Use, Emotional Well-Being, and Unemployment: Evidence from Longitudinal Data

Alan B. Krueger and Andreas I. Mueller

(pp. 594-99)

Retirement and Home Production: A Regression Discontinuity Approach

Elena Stancanelli and Arthur Van Soest

(pp. 600-605)

The Role of Preferences and Opportunity Costs in Determining the Time Allocated to Housework

Leslie S. Stratton

(pp. 606-11)

Aggregate Impacts of a Gift of Time

Jungmin Lee, Daiji Kawaguchi and Daniel S. Hamermesh

(pp. 612-16)

Proceedings

Minutes of the Annual Business Meeting: Chicago, IL: January 7, 2012

John J. Siegfried

(pp. 620-21)

Reports

Report of the Secretary for 2011

John J. Siegfried

(pp. 622-25)

Report of the Treasurer

John J. Siegfried

(pp. 626-30)

American Economic Association Universal Academic Questionnaire Summary Statistics

Charles E. Scott and John J. Siegfried

(pp. 631-34)

Minutes of the Meeting of the Executive Committee: Chicago, IL, April 15, 2011

John J. Siegfried

(pp. 637-44)

Minutes of the Meeting of the Executive Committee: Chicago, IL, January 5, 2012

John J. Siegfried

(pp. 645-52)

Report of the Editor: American Economic Review

Pinelopi Koujianou Goldberg

(pp. 653-65)

Report of the Editor: Journal of Economic Literature

Janet Currie

(pp. 666-68)

Report of the Editor: Journal of Economic Perspectives

David H. Autor

(pp. 669-71)

Report of the Editor: American Economic Journal: Applied Economics

Esther Duflo

(pp. 672-75)

Report of the Editor: American Economic Journal: Economic Policy

Alan Auerbach

(pp. 676-79)

Report of the Editor: American Economic Journal: Macroeconomics

Steven J. Davis

(pp. 680-84)

Report of the Editor: American Economic Journal: Microeconomics

Andrew Postlewaite

(pp. 685-87)

Report of the Director: Job Openings for Economists

John J. Siegfried

(pp. 688-90)

Report of the Committee on Economic Education for 2011

Michael Watts

(pp. 691-96)

Report of the Committee on the Status of Women in the Economics Profession 2011

Barbara M. Fraumeni

(pp. 697-704)

Committee on the Status of Minority Groups in the Economics Profession: Report of Committee Activities for the 2011 Calendar Year

Marie T. Mora

(pp. 705-09)

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American Economic Review

Vol. 102 No. 3 May 2012

Find articles in this issue

Front Matter (pp. i-ix)

Foreword Chris Sims (pp. x-x)

Editors' Introduction William R. Johnson and Samantha Bennett (pp. xi-xii)

Does the Current Account Still Matter? Maurice Obstfeld (pp. 1-23)

Simple Market Equilibria with Rationally Inattentive Consumers Filip Matějka and Alisdair McKay (pp. 24-29)

Information Processing and Limited Liability Bartosz Mackowiak and Mirko Wiederholt (pp. 30-34)

Information Choice Technologies Christian Hellwig, Sebastian Kohls and Laura Veldkamp (pp. 35-40)

Prospect Theory as Efficient Perceptual Distortion Michael Woodford (pp. 41-46)

Salience in Experimental Tests of the Endowment Effect Pedro Bordalo, Nicola Gennaioli and Andrei Shleifer (pp. 47-52)

Getting at Systemic Risk via an Agent-Based Model of the Housing Market John Geanakoplos, Robert Axtell, J. Doyne Farmer, Peter Howitt, Benjamin Conlee, Jonathan Goldstein, Matthew Hendrey, Nathan M. Palmer and Chun-Yi Yang (pp. 53-58)

Capital Shortfall: A New Approach to Ranking and Regulating Systemic Risks Viral Acharya, Robert Engle and Matthew Richardson (pp. 59-64)

Privacy-Preserving Methods for Sharing Financial Risk Exposures Emmanuel A. Abbe, Amir E. Khandani and Andrew W. Lo (pp. 65-70)

Fiscal Policy and the Great Recession in the Euro Area Günter Coenen, Roland Straub and Mathias Trabandt (pp. 71-76)

Fiscal Policy in a Financial Crisis: Standard Policy versus Bank Rescue Measures Robert Kollmann, Werner Roeger and Jan in't Veld (pp. 77-81)

Bubbles and Total Factor Productivity Jianjun Miao and Pengfei Wang (pp. 82-87)

Debt Financing in Asset Markets Zhiguo He and Wei Xiong (pp. 88-94)

Understanding Bubbly Episodes Vasco M. Carvalho, Alberto Martin and Jaume Ventura (pp. 95-100)

The Safe-Asset Share Gary Gorton, Stefan Lewellen and Andrew Metrick (pp. 101-06)

Three Principles for Market-Based Credit Regulation Perry Mehrling (pp. 107-12)

Limited-Purpose Banking--Moving from "Trust Me" to "Show Me" Banking Christophe Chamley, Laurence J. Kotlikoff and Herakles Polemarchakis (pp. 113-19)

Within-City Variation in Urban Decline: The Case of Detroit Veronica Guerrieri, Daniel Hartley and Erik Hurst (pp. 120-26)

Housing Booms and City Centers Edward L. Glaeser, Joshua D. Gottlieb and Kristina Tobio (pp. 127-33)

Heterogeneity in Neighborhood-Level Price Growth in the United States, 1993-2009 Fernando Ferreira and Joseph Gyourko (pp. 134-40)

Market Prices of Risk with Diverse Beliefs, Learning, and Catastrophes Timothy Cogley, Thomas J. Sargent and Viktor Tsyrennikov (pp. 141-46)

Financial Innovation and Asset Price Volatility Felix Kubler and Karl Schmedders (pp. 147-51)

International Robust Disagreement Riccardo Colacito and Mariano M. Croce (pp. 152-55)

Heterogeneous Beliefs, Wealth Distribution, and Asset Markets with Risk of Default Viktor Tsyrennikov (pp. 156-60)

Estimating Sovereign Default Risk Huixin Bi and Nora Traum (pp. 161-66)

Evolving Monetary/Fiscal Policy Mix in the United States Francesco Bianchi (pp. 167-72)

Monetary-Fiscal Policy Interactions and Indeterminacy in Postwar US Data Saroj Bhattarai, Jae Won Lee and Woong Yong Park (pp. 173-78)

Real Exchange Rate Adjustment in and out of the Eurozone Martin Berka, Michael B. Devereux and Charles Engel (pp. 179-85)

Fiscal Consolidation in an Open Economy Christopher J. Erceg and Jesper Lindé (pp. 186-91)

Managing Currency Pegs Stephanie Schmitt-Grohé and Martín Uribe (pp. 192-97)

Can Asia Overcome the IMF Stigma? Takatoshi Ito (pp. 198-202)

Capital Flow Management Olivier Jeanne (pp. 203-06)

International Liquidity in a Multipolar World Barry Eichengreen (pp. 207-12)

Follow the Money: Quantifying Domestic Effects of Foreign Bank Shocks in the Great Recession Nicola Cetorelli and Linda S. Goldberg (pp. 213-18)

Flight Home, Flight Abroad, and International Credit Cycles Mariassunta Giannetti and Luc Laeven (pp. 219-24)

From Financial Crisis to Great Recession: The Role of Globalized Banks Shekhar Aiyar (pp. 225-30)

International Shock Transmission after the Lehman Brothers Collapse: Evidence from Syndicated Lending Ralph De Haas and Neeltje Van Horen (pp. 231-37)

Moving to Higher Ground: Migration Response to Natural Disasters in the Early Twentieth Century Leah Platt Boustan, Matthew E. Kahn and Paul W. Rhode (pp. 238-44)

Nature versus Nurture: The Environment's Persistent Influence through the Modernization of American Agriculture Richard Hornbeck (pp. 245-49)

Adaptation to Climate Change in Preindustrial Iceland Matthew A. Turner, Jeffrey S. Rosenthal, Jian Chen and Chunyan Hao (pp. 250-55)

Race and Gender Differences under Federal Sentencing Guidelines Todd Sorensen, Supriya Sarnikar and Ronald L. Oaxaca (pp. 256-60)

Terrorism and Patriotism: On the Earnings of US Veterans following September 11, 2001 Alberto Dávila and Marie T. Mora (pp. 261-66)

The Nonlinear Relationship between Terrorism and Poverty Walter Enders and Gary A. Hoover (pp. 267-72)

War and Stature: Growing Up during the Nigerian Civil War Richard Akresh, Sonia Bhalotra, Marinella Leone and Una Okonkwo Osili (pp. 273-77)

Nation Building and Economic Growth Ellyn Creasey, Ahmed S. Rahman and Katherine A. Smith (pp. 278-82)

The Determinants and Consequences of School Choice Errors in Kenya Adrienne M. Lucas and Isaac M. Mbiti (pp. 283-88)

Kinship and Financial Networks, Formal Financial Access, and Risk Reduction Cynthia Kinnan and Robert Townsend (pp. 289-93)

Child Health and Conflict in Côte d'Ivoire Camelia Minoiu and Olga Shemyakina (pp. 294-99)

How Financial Literacy Affects Household Wealth Accumulation Jere R. Behrman, Olivia S. Mitchell, Cindy K. Soo and David Bravo (pp. 300-304)

Financial Education and Timely Decision Support: Lessons from Junior Achievement Bruce Ian Carlin and David T. Robinson (pp. 305-08)

Financial Knowledge and Financial Literacy at the Household Level Alan L. Gustman, Thomas L. Steinmeier and Nahid Tabatabai (pp. 309-13)

Effectiveness of Employer-Provided Financial Information: Hiring to Retiring Robert L. Clark, Melinda Sandler Morrill and Steven G. Allen (pp. 314-18)

Efficient Auctions and Interdependent Types Dirk Bergemann, Stephen Morris and Satoru Takahashi (pp. 319-24)

Robustly Ranking Mechanisms Tilman Börgers and Doug Smith (pp. 325-29)

Approximation in Mechanism Design Jason D. Hartline (pp. 330-36)

Copyright Research in the Digital Age: Moving from Piracy to the Supply of New Products Joel Waldfogel (pp. 337-42)

Is Wikipedia Biased? Shane Greenstein and Feng Zhu (pp. 343-48)

Shifts in Privacy Concerns Avi Goldfarb and Catherine Tucker (pp. 349-53)

New Challenges in Multihospital Kidney Exchange Itai Ashlagi and Alvin E. Roth (pp. 354-59)

Holdout in the Assembly of Complements: A Problem for Market Design Scott Duke Kominers and E. Glen Weyl (pp. 360-65)

Stability and Strategy-Proofness for Matching with Constraints: A Problem in the Japanese Medical Match and Its Solution Yuichiro Kamada and Fuhito Kojima (pp. 366-70)

Understanding Price Controls and Nonprice Competition with Matching Theory John William Hatfield, Charles R. Plott and Tomomi Tanaka (pp. 371-75)

After Airline Deregulation and Alfred E. Kahn Nancy L. Rose (pp. 376-80)

Dynamic Pricing of Electricity Paul L. Joskow and Catherine D. Wolfram (pp. 381-85)

Telecommunications Deregulation Jerry A. Hausman and William E. Taylor (pp. 386-90)

Government Policy for a Partially Deregulated Industry: Deregulate It Fully Clifford Winston (pp. 391-95)

Global Supply Chains and Wage Inequality Arnaud Costinot, Jonathan Vogel and Su Wang (pp. 396-401)

Sustaining Production Chains through Financial Linkages Se-Jik Kim and Hyun Song Shin (pp. 402-06)

Proximity and Production Fragmentation Robert C. Johnson and Guillermo Noguera (pp. 407-11)

Measuring the Upstreamness of Production and Trade Flows Pol Antràs, Davin Chor, Thibault Fally and Russell Hillberry (pp. 412-16)

Trade, Labor Market Frictions, and Residual Wage Inequality across Worker Groups Pravin Krishna, Jennifer P. Poole and Mine Zeynep Senses (pp. 417-23)

Offshoring, Transition, and Training: Evidence from Danish Matched Worker-Firm Data David Hummels, Jakob R. Munch, Lars Skipper and Chong Xiang (pp. 424-28)

Liberalized Trade and Worker-Firm Matching Carl Davidson, Fredrik Heyman, Steven Matusz, Fredrik Sjöholm and Susan Chun Zhu (pp. 429-34)