Front Matter
(pp. i-viii)
American Economic Review
Vol. 103 No. 3 May 2013
Find articles in this issue
President's Foreword
(pp. xi-xii)
Editor's Introduction
(pp. xiii-xiv)
A Nation of Gamblers: Real Estate Speculation and American History
(pp. 1-42)
Glass-Steagall: A Requiem
(pp. 43-47)
Shifting Mandates: The Federal Reserve's First Centennial
(pp. 48-54)
The Most Dangerous Idea in Federal Reserve History: Monetary Policy Doesn't Matter
(pp. 55-60)
Not Just the Great Contraction: Friedman and Schwartz's A Monetary History of the United States 1867 to 1960
(pp. 61-65)
The Missing Transmission Mechanism in the Monetary Explanation of the Great Depression
(pp. 66-72)
Shadowy Banks and Financial Contagion during the Great Depression: A Retrospective on Friedman and Schwartz
(pp. 73-78)
Married to Intolerance: Attitudes toward Intermarriage in Germany, 1900-2006
(pp. 79-85)
The Transmission of Democracy: From the Village to the Nation-State
(pp. 86-92)
The Persistence of Inferior Cultural-Institutional Conventions
(pp. 93-98)
Cyclical Variation in Labor Hours and Productivity Using the ATUS
(pp. 99-104)
Comparisons of Weekly Hours over the Past Century and the Importance of Work-Sharing Policies in the 1930s
(pp. 105-10)
The Life-Cycle Profile of Time Spent on Job Search
(pp. 111-16)
Growth Forecast Errors and Fiscal Multipliers
(pp. 117-20)
Using State Pension Shocks to Estimate Fiscal Multipliers since the Great Recession
(pp. 121-24)
How Much Would US Style Fiscal Integration Buffer European Unemployment and Income Shocks? (A Comparative Empirical Analysis)
(pp. 125-28)
Are Government Spending Multipliers Greater during Periods of Slack? Evidence from Twentieth-Century Historical Data
(pp. 129-34)
The Mystique Surrounding the Central Bank's Balance Sheet, Applied to the European Crisis
(pp. 135-40)
Output Spillovers from Fiscal Policy
(pp. 141-46)
Forecasting the Recovery from the Great Recession: Is This Time Different?
(pp. 147-52)
Extreme Wage Inequality: Pay at the Very Top
(pp. 153-57)
Family, Education, and Sources of Wealth among the Richest Americans, 1982-2012
(pp. 158-62)
Bailouts and the Optimal Taxation of Bonus Pay
(pp. 163-67)
Income Inequality, Mobility, and Turnover at the Top in the US, 1987-2010
(pp. 168-72)
Deconstructing Income and Income Inequality Measures: A Crosswalk from Market Income to Comprehensive Income
(pp. 173-77)
Consumption and Income Inequality and the Great Recession
(pp. 178-83)
Measuring the Trends in Inequality of Individuals and Families: Income and Consumption
(pp. 184-88)
The Scale and Selectivity of Foreign-Born PhD Recipients in the US
(pp. 189-92)
Immigration and Employer Transitions for STEM Workers
(pp. 193-97)
Why Do Programmers Earn More in Houston Than Hyderabad? Evidence from Randomized Processing of US Visas
(pp. 198-202)
Pathways to Adjustment: The Case of Information Technology Workers
(pp. 203-07)
A Trapped-Factors Model of Innovation
(pp. 208-13)
Sources of Wage Inequality
(pp. 214-19)
The Geography of Trade and Technology Shocks in the United States
(pp. 220-25)
Long-Term Neighborhood Effects on Low-Income Families: Evidence from Moving to Opportunity
(pp. 226-31)
Achieving Escape Velocity: Neighborhood and School Interventions to Reduce Persistent Inequality
(pp. 232-37)
Place Based Policies with Unemployment
(pp. 238-43)
Career, Family, and the Well-Being of College-Educated Women
(pp. 244-50)
Female Labor Supply: Why Is the United States Falling Behind?
(pp. 251-56)
Shocking Labor Supply: A Reassessment of the Role of World War II on Women's Labor Supply
(pp. 257-62)
Is Ignorance Bliss? The Effect of Asymmetric Information between Spouses on Intra-household Allocations
(pp. 263-68)
Trade Liberalization and Gender Inequality
(pp. 269-73)
Sexual Violence against Women and Labor Market Outcomes
(pp. 274-78)
The Effects of School Calendar Type on Maternal Employment across Racial Groups: A Story of Child Care Availability
(pp. 279-83)
The Impact of Crime and Insecurity on Trust in Democracy and Institutions
(pp. 284-88)
Earnings Inequality and the Intersectionality of Gender and Ethnicity in Sub-Saharan Africa: The Case of Tanzanian Manufacturing
(pp. 289-92)
Access to Credit by Firms in Sub-Saharan Africa: How Relevant Is Gender?
(pp. 293-97)
Fidelity Networks and Long-Run Trends in HIV/AIDS Gender Gaps
(pp. 298-302)
The Informational Role of Voluntary Certification: Evidence from the Mexican Clean Industry Program
(pp. 303-08)
Liquidity Constraints and Deforestation: The Limitations of Payments for Ecosystem Services
(pp. 309-13)
What Does Reputation Buy? Differentiation in a Market for Third-Party Auditors
(pp. 314-19)
A Numerical Investigation of the Potential for Negative Emissions Leakage
(pp. 320-25)
Linking Numerical and Analytical Models of Carbon Leakage
(pp. 326-31)
Leakage, Welfare, and Cost-Effectiveness of Carbon Policy
(pp. 332-37)
Natural Gas: From Shortages to Abundance in the United States
(pp. 338-43)
Transportation Fuels Policy since the OPEC Embargo: Paved with Good Intentions
(pp. 344-49)
Efficient Retail Pricing in Electricity and Natural Gas Markets
(pp. 350-55)
Transaction Networks: Evidence from Mobile Money in Kenya
(pp. 356-61)
Behavioral Biases and Firm Behavior: Evidence from Kenyan Retail Shops
(pp. 362-68)
The Home Economics of E-Money: Velocity, Cash Management, and Discount Rates of M-Pesa Users
(pp. 369-74)
Informal Risk Sharing, Index Insurance, and Risk Taking in Developing Countries
(pp. 375-80)
Profitability of Fertilizer: Experimental Evidence from Female Rice Farmers in Mali
(pp. 381-86)
Deposit Collecting: Unbundling the Role of Frequency, Salience, and Habit Formation in Generating Savings
(pp. 387-92)
Benefit-Cost Analysis for Financial Regulation
(pp. 393-97)
Financial Innovation and Portfolio Risks
(pp. 398-401)
Reflections on Finance and the Good Society
(pp. 402-05)
Can Financial Engineering Cure Cancer?
(pp. 406-11)
Health Care Usage and Health Status of Immigrant Children: The Effects of Nativity versus Citizenship
(pp. 412-17)
The Effects of Job Corps Training on Wages of Adolescents and Young Adults
(pp. 418-22)
The Poverty Gap in School Spending Following the Introduction of Title I
(pp. 423-27)
Achieving the DREAM: The Effect of IRCA on Immigrant Youth Postsecondary Educational Access
(pp. 428-32)
HIV Risk and Adolescent Behaviors in Africa
(pp. 433-38)
Learning from Others' HIV Testing: Updating Beliefs and Responding to Risk
(pp. 439-44)
Do Sex Workers Respond to Disease? Evidence from the Male Market for Sex
(pp. 445-50)
Inheritances, Intergenerational Transfers, and the Accumulation of Health
(pp. 451-55)
Adult Antiretroviral Therapy and Child Health: Evidence from Scale-Up in Zambia
(pp. 456-61)
SSI for Disabled Immigrants: Why Do Ethnic Networks Matter?
(pp. 462-66)
Boys' Cognitive Skill Formation and Physical Growth: Long-Term Experimental Evidence on Critical Ages for Early Childhood Interventions
(pp. 467-71)
Incentive Effects of Inheritances and Optimal Estate Taxation
(pp. 472-77)
The Estate Tax and Inter Vivos Transfers over Time
(pp. 478-83)
Income and Substitution Effects of Estate Taxation
(pp. 484-88)
Estate Taxation with Altruism Heterogeneity
(pp. 489-95)
Optimal Progressive Labor Income Taxation and Education Subsidies When Education Decisions and Intergenerational Transfers Are Endogenous
(pp. 496-501)
Optimal Pension Systems with Simple Instruments
(pp. 502-07)
Some Basic Economics of National Security
(pp. 508-11)
Modest, Secure, and Informed: Successful Development in Conflict Zones
(pp. 512-17)
Insurgent Compensation: Evidence from Iraq
(pp. 518-22)
An Analysis of Economic Warfare
(pp. 523-27)
Genetic Diversity and the Origins of Cultural Fragmentation
(pp. 528-33)
Social Organizations, Violence, and Modern Growth
(pp. 534-38)
Not the Opium of the People: Income and Secularization in a Panel of Prussian Counties
(pp. 539-44)
From Stagnation to Sustained Growth: The Role of Female Empowerment
(pp. 545-49)
Nonparametric Instrumental Variables Estimation
(pp. 550-56)
What Do Instrumental Variable Models Deliver with Discrete Dependent Variables?
(pp. 557-62)
Control Functions and Simultaneous Equations Methods
(pp. 563-69)
What Goes Up Must Come Down? Experimental Evidence on Intuitive Forecasting
(pp. 570-74)
Estimating the Effect of Salience in Wholesale and Retail Car Markets
(pp. 575-79)
Distinguishing Probability Weighting from Risk Misperceptions in Field Data
(pp. 580-85)
The Importance of Being Marginal: Gender Differences in Generosity
(pp. 586-90)
Two Happiness Puzzles
(pp. 591-97)
Subjective Well-Being and Income: Is There Any Evidence of Satiation?
(pp. 598-604)
Aggregating Local Preferences to Guide Marginal Policy Adjustments
(pp. 605-10)
The Psychology of Tail Events: Progress and Challenges
(pp. 611-16)
An Approach to Incorporating Psychology into Economics
(pp. 617-22)
Salience and Asset Prices
(pp. 623-28)
Views among Economists: Professional Consensus or Point-Counterpoint?
(pp. 629-35)
Economic Experts versus Average Americans
(pp. 636-42)
Course Requirements for Bachelor's Degrees in Economics
(pp. 643-47)
One Essay on Dissertation Formats in Economics
(pp. 648-53)
How Economists Allocate Time to Teaching and Research
(pp. 654-58)
Economic Understanding in US High School Courses
(pp. 659-63)
Minutes of the Annual Business Meeting: San Diego, CA, January 5, 2013
(pp. 667-68)
Report of the Secretary
(pp. 669-72)
Report of the Treasurer
(pp. 673-77)
American Economic Association Universal Academic Questionnaire Summary Statistics
(pp. 678-82)
List of Online Reports
(p. 683)
Minutes of the Meeting of the Executive Committee: Chicago, IL, April 27, 2012
(pp. 685-91)
Minutes of the Meeting of the Executive Committee: San Diego, CA, January 3, 2013
(pp. 692-700)
Report of the Editor: American Economic Review
(pp. 701-12)
Report of the Editor: Journal of Economic Literature
(pp. 713-15)
Report of the Editor: Journal of Economic Perspectives
(pp. 716-18)
Report of the Editor: American Economic Journal: Applied Economics
(pp. 719-22)
Report of the Editor: American Economic Journal: Economic Policy
(pp. 723-26)
Report of the Editor: American Economic Journal: Macroeconomics
(pp. 727-31)
Report of the Editor: American Economic Journal: Microeconomics
(pp. 732-34)
Report of the Director: Job Openings for Economists
(pp. 735-37)
Report: Committee on Economic Education
(pp. 738-43)
Report: Committee on the Status of Women in the Economics Profession
(pp. 744-55)
Report: Committee on the Status of Minority Groups in the Economics Profession
(pp. 756-66)
Report: American Economic Association Committee on Statistics
(pp. 767-68)
Report: Committee on Government Relations
(pp. 769-71)
Report: Ad Hoc Committee on Criterion for the John Bates Clark Medal
(pp. 772-73)
Report: Ad Hoc Search Committee for the Editor of the American Economic Journal: Economic Policy
(p. 774)
Report: Ad Hoc Search Committee for the Editor of the Journal of Economic Literature
(p. 775)