Front Matter
(pp. i-x)
American Economic Review
Vol. 106 No. 5 May 2016
Find articles in this issue
Foreword
(pp. xi-xii)
Editors' Introduction
(p. xiii)
Restoring Rational Choice: The Challenge of Consumer Financial Regulation
(pp. 1-30)
The Phillips Curve: Back to the '60s?
(pp. 31-34)
Dealing with Long-Term Deficits
(pp. 35-38)
Monetary Policy, Financial Stability, and the Zero Lower Bound
(pp. 39-42)
How to Restore Equitable and Sustainable Economic Growth in the United States
(pp. 43-47)
Can We Restart the Recovery All Over Again?
(pp. 48-51)
A Century of Growth and Improvement
(pp. 52-56)
The Rise and Fall of American Growth: Exploring the Numbers
(pp. 57-60)
State Capacity and American Technology: Evidence from the Nineteenth Century
(pp. 61-67)
Winter Is Coming: Robert Gordon and the Future of Economic Growth
(pp. 68-71)
Perspectives on The Rise and Fall of American Growth
(pp. 72-76)
Infrastructure, Incentives, and Institutions
(pp. 77-82)
Guns, Latrines, and Land Reform: Dynamic Pigouvian Taxation
(pp. 83-88)
Appliance Ownership and Aspirations among Electric Grid and Home Solar Households in Rural Kenya
(pp. 89-94)
Firm-Level Dispersion in Productivity: Is the Devil in the Details?
(pp. 95-98)
Productivity Dispersion in Medicine and Manufacturing
(pp. 99-103)
Market Regulations, Prices, and Productivity
(pp. 104-08)
Regulation, Institutions, and Productivity: New Macroeconomic Evidence from OECD Countries
(pp. 109-13)
Crowdsourcing City Government: Using Tournaments to Improve Inspection Accuracy
(pp. 114-18)
Personalized Risk Assessments in the Criminal Justice System
(pp. 119-23)
Productivity and Selection of Human Capital with Machine Learning
(pp. 124-27)
Cities Are Physical Too: Using Computer Vision to Measure the Quality and Impact of Urban Appearance
(pp. 128-32)
The Rapid Adoption of Data-Driven Decision-Making
(pp. 133-39)
Copyright Infringement in the Market for Digital Images
(pp. 140-45)
Agglomeration of Invention in the Bay Area: Not Just ICT
(pp. 146-51)
International Data on Measuring Management Practices
(pp. 152-56)
Making Private Data Accessible in an Opaque Industry: The Experience of the Private Capital Research Institute
(pp. 157-60)
Modernizing Federal Economic Statistics
(pp. 161-64)
Battling over Jobs: Occupational Licensing in Health Care
(pp. 165-70)
Should the US Eliminate Entry Barriers to the Practice of Law? Perspectives Shaped by Industry Deregulation
(pp. 171-76)
Disruptive Change in the Taxi Business: The Case of Uber
(pp. 177-82)
Patents and Research Investments: Assessing the Empirical Evidence
(pp. 183-87)
Patent Licensing, Technology Transfer, and Innovation
(pp. 188-92)
Patent Quality and Examination in Europe
(pp. 193-97)
Patent Remedies
(pp. 198-202)
Declining Business Dynamism: What We Know and the Way Forward
(pp. 203-07)
Wage Posting and Business Cycles
(pp. 208-13)
Firm Entry and Macroeconomic Dynamics: A State-Level Analysis
(pp. 214-18)
The Role of Startups in Structural Transformation
(pp. 219-23)
Popular Attitudes toward Markets and Democracy: Russia and United States Compared 25 Years Later
(pp. 224-29)
War, Inflation, and Social Capital
(pp. 230-35)
Russia's Billionaires
(pp. 236-41)
Paid Parental Leave Laws in the United States: Does Short-Duration Leave Affect Women's Labor-Force Attachment?
(pp. 242-46)
Has the Increased Attachment of Women to the Labor Market Changed a Family's Ability to Smooth Income Shocks?
(pp. 247-51)
Evolution of the Marriage Earnings Gap for Women
(pp. 252-56)
The Math Gender Gap: The Role of Culture
(pp. 257-61)
Does the Market Value CEO Styles?
(pp. 262-66)
Gender Diversity on Corporate Boards: Do Women Contribute Unique Skills?
(pp. 267-71)
Playing the Boys Game: Golf Buddies and Board Diversity
(pp. 272-76)
Women on Boards in Finance and STEM Industries
(pp. 277-81)
Childhood Environment and Gender Gaps in Adulthood
(pp. 282-88)
School Quality and the Gender Gap in Educational Achievement
(pp. 289-95)
What Explains the Gender Gap in College Track Dropout? Experimental and Administrative Evidence
(pp. 296-302)
Experimental Age Discrimination Evidence and the Heckman Critique
(pp. 303-08)
The Power of Eye Tracking in Economics Experiments
(pp. 309-13)
Determinants of Callbacks to Job Applications: An Audit Study
(pp. 314-18)
Supply and Demand for Discrimination: Strategic Revelation of Own Characteristics in a Trust Game
(pp. 319-23)
Student Loan Information Provision and Academic Choices
(pp. 324-28)
Birth Timing and Neonatal Health
(pp. 329-32)
STEM Training and Early Career Outcomes of Female and Male Graduate Students: Evidence from UMETRICS Data Linked to the 2010 Census
(pp. 333-38)
Medicare Part D and Portfolio Choice
(pp. 339-42)
Coordinated Admissions Program
(pp. 343-47)
Can Admissions Percent Plans Lead to Better Collegiate Fit for Minority Students?
(pp. 348-54)
Religious Workers' Density and the Racial Earnings Gap
(pp. 355-59)
Does the EITC Buffer against Neighborhood Transition? Evidence from Washington, DC
(pp. 360-62)
Classroom Experiments: Is More More?
(pp. 363-67)
Measuring the Effect of Blended Learning: Evidence from a Selective Liberal Arts College
(pp. 368-72)
The Impact of Challenge Quizzes on Student Knowledge
(pp. 373-77)
A Randomized Assessment of Online Learning
(pp. 378-82)
Sources of Inefficiency in Healthcare and Education
(pp. 383-87)
Interpreting Tests of School VAM Validity
(pp. 388-92)
Using Lagged Outcomes to Evaluate Bias in Value-Added Models
(pp. 393-99)
Fixed Effects, Invariance, and Spatial Variation in Intergenerational Mobility
(pp. 400-404)
Identity Economics 2016: Where Do Social Distinctions and Norms Come From?
(pp. 405-09)
Identity-Based Organizations
(pp. 410-14)
"We Thinking" and Its Consequences
(pp. 415-19)
Identity-Driven Cooperation versus Competition
(pp. 420-24)
Option Awareness: The Psychology of What We Consider
(pp. 425-29)
Beyond Beta-Delta: The Emerging Economics of Personal Plans
(pp. 430-34)
The Psychological Lives of the Poor
(pp. 435-40)
Refugees, Asylum Seekers, and Policy in OECD Countries
(pp. 441-45)
Rethinking Protection of Those Displaced by Humanitarian Crises
(pp. 446-50)
Toward an International Migration Regime
(pp. 451-55)
The Economic Impact of Syrian Refugees on Host Countries: Quasi-experimental Evidence from Turkey
(pp. 456-60)
Converging to American: Healthy Immigrant Effect in Children of Immigrants
(pp. 461-66)
Ethnic Attrition and the Observed Health of Later-Generation Mexican Americans
(pp. 467-71)
HIV/AIDS and Development: A Reappraisal of the Productivity and Factor Accumulation Effects
(pp. 472-77)
LEP Language Disability, Immigration Reform, and English-Language Acquisition
(pp. 478-83)
On the Optimal Inflation Rate
(pp. 484-89)
Sooner or Later: Timing of Monetary Policy with Heterogeneous Risk-Taking
(pp. 490-95)
Money and Asset Liquidity in Frictional Capital Markets
(pp. 496-502)
Secular Stagnation in the Open Economy
(pp. 503-07)
The Sovereign-Bank Diabolic Loop and ESBies
(pp. 508-12)
Safe Asset Scarcity and Aggregate Demand
(pp. 513-18)
What Makes US Government Bonds Safe Assets?
(pp. 519-23)
Crises and the Development of Economic Institutions: Some Microeconomic Evidence
(pp. 524-27)
Too Big to Fail before the Fed
(pp. 528-32)
Interbank Markets and Banking Crises: New Evidence on the Establishment and Impact of the Federal Reserve
(pp. 533-37)
Bank Leverage and Regulatory Regimes: Evidence from the Great Depression and Great Recession
(pp. 538-42)
A Simple Model of Subprime Borrowers and Credit Growth
(pp. 543-47)
Debt Constraints and the Labor Wedge
(pp. 548-53)
Anticipated Banking Panics
(pp. 554-59)
Bank Leverage and Social Welfare
(pp. 560-64)
Capital Flows: Expansionary or Contractionary?
(pp. 565-69)
The Macroprudential Role of International Reserves
(pp. 570-73)
Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015
(pp. 574-80)
When Do Capital Inflow Surges End in Tears?
(pp. 581-85)
Information Design, Bayesian Persuasion, and Bayes Correlated Equilibrium
(pp. 586-91)
Bayesian Persuasion in Coordination Games
(pp. 592-96)
A Rothschild-Stiglitz Approach to Bayesian Persuasion
(pp. 597-601)
Shutting Down the Thermohaline Circulation
(pp. 602-06)
A Potential Disintegration of the West Antarctic Ice Sheet: Implications for Economic Analyses of Climate Policy
(pp. 607-11)
The Ecosystem Impacts of Severe Warming
(pp. 612-14)
Economic Effects of an Ocean Acidification Catastrophe
(pp. 615-19)
How Mortgage Finance Reform Could Affect Housing
(pp. 620-24)
Borrowing Constraints and Homeownership
(pp. 625-29)
A Lost Generation? Education Decisions and Employment Outcomes during the US Housing Boom-Bust Cycle of the 2000s
(pp. 630-35)
To Buy or Not to Buy: Consumer Constraints in the Housing Market
(pp. 636-40)
Estimating Top Income and Wealth Shares: Sensitivity to Data and Methods
(pp. 641-45)
Estimating the Top Tail of the Wealth Distribution
(pp. 646-50)
Heterogeneity in Returns to Wealth and the Measurement of Wealth Inequality
(pp. 651-55)
The Role of Bequests in Shaping Wealth Inequality: Evidence from Danish Wealth Records
(pp. 656-61)
Revenue and Incentive Effects of Basis Step-Up at Death: Lessons from the 2010 "Voluntary" Estate Tax Regime
(pp. 662-67)
Minutes of the Annual Business Meeting: San Francisco, CA, January 3, 2016
(p. 671)
Report of the Secretary
(pp. 672-75)
Report of the Treasurer
(pp. 676-79)
American Economic Association Universal Academic Questionnaire Summary Statistics
(pp. 680-82)
List of Online Reports
(p. 683)
Minutes of the Meeting of the Executive Committee: Chicago, IL, April 24, 2015
(pp. 685-90)
Minutes of the Meeting of the Executive Committee: San Francisco, CA, January 2, 2016
(pp. 691-99)
Report of the Editor: American Economic Review
(pp. 700-712)
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. 719-25)
Report of the Editor: American Economic Journal: Economic Policy
(pp. 726-30)
Report of the Editor: American Economic Journal: Macroeconomics
(pp. 731-35)
Report of the Editor: American Economic Journal: Microeconomics
(pp. 736-39)
Report of the Director: Job Openings for Economists
(pp. 740-42)
Report: Committee on Economic Education
(pp. 743-49)
Report: Committee on the Status of Women in the Economics Profession (CSWEP)
(pp. 750-73)
Report: Committee on the Status of Minority Groups in the Economics Profession (CSMGEP)
(pp. 774-87)
Report: American Economic Association Committee on Statistics (AEAStat)
(pp. 788-93)
Report: Committee on Government Relations
(pp. 794-96)