Editors' Introduction

David J. Baldwin and Ronald L. Oaxaca

(pp. 7-7)

Foreword

Martin Feldstein

(pp. 8-8)

Papers

The Institutions of Monetary Policy

Mervyn King

(pp. 1-13)

Asset Prices, Financial Instability, and Monetary Policy

Charles R. Bean

(pp. 14-18)

Inflation Illusion and Stock Prices

John Y. Campbell and Tuomo Vuolteenaho

(pp. 19-23)

The Fed Response to Equity Prices and Inflation

Bill Dupor and Timothy Conley

(pp. 24-28)

Aggregate Short Interest and Market Valuations

Owen A. Lamont and Jeremy C. Stein

(pp. 29-32)

Risk and Uncertainty in Monetary Policy

Alan Greenspan

(pp. 33-40)

Panel Discussion

Martin Feldstein, Mervyn King and Janet L. Yellen

(pp. 41-48)

Preemption, Changing Structure, and U. S. Monetary Policy

Allen Sinai

(pp. 49-52)

Serial Default and the "Paradox" of Rich-to-Poor Capital Flows

Carmen M. Reinhart and Kenneth S. Rogoff

(pp. 53-58)

Financial Openness, Sudden Stops, and Current-Account Reversals

Sebastian Edwards

(pp. 59-64)

Financial Opening and Development: Evidence and Policy Controversies

Joshua Aizenman

(pp. 65-70)

Monetary and Fiscal Remedies for Deflation

Alan J. Auerbach and Maurice Obstfeld

(pp. 71-75)

Policy Options in a Liquidity Trap

Gauti B. Eggertsson and Michael Woodford

(pp. 76-79)

Exchange-Rate Policy and the Zero Bound on Nominal Interest Rates

Günter Coenen and Volker W. Wieland

(pp. 80-84)

Conducting Monetary Policy at Very Low Short-Term Interest Rates

Ben S. Bernanke and Vincent R. Reinhart

(pp. 85-90)

Transparency of Information and Coordination in Economies with Investment Complementarities

George-Marios Angeletos and Alessandro Pavan

(pp. 91-98)

Deflation and Depression: Is There an Empirical Link?

Andrew Atkeson and Patrick J. Kehoe

(pp. 99-103)

Negative Nominal Interest Rates

Marco Bassetto

(pp. 104-108)

Wedges and Taxes

Narayana R. Kocherlakota

(pp. 109-113)

A Scapegoat Model of Exchange-Rate Fluctuations

Philippe Bacchetta and Eric Van Wincoop

(pp. 114-118)

Accounting for Exchange-Rate Variability in Present-Value Models When the Discount Factor Is Near 1

Charles Engel and Kenneth D. West

(pp. 119-125)

Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows, and Exchange Rates?

Harald Hau and Hélène Rey

(pp. 126-133)

Why Is Manufacturing Trade Rising Even as Manufacturing Output is Falling?

Raphael Bergoeing, Timothy J. Kehoe, Vanessa Strauss-Kahn and Kei-Mu Yi

(pp. 134-138)

Variety Growth and World Welfare

Christian Broda and David W. Weinstein

(pp. 139-144)

On the Measurement of Product Variety in Trade

Robert Feenstra and Hiau Looi Kee

(pp. 145-149)

Dissecting Trade: Firms, Industries, and Export Destinations

Jonathan Eaton, Samuel Kortum and Francis Kramarz

(pp. 150-154)

How Much Equity Does the Government Hold?

Alan Auerbach

(pp. 155-160)

Toward a Consumption Tax, and Beyond

Roger Gordon, Laura Kalambokidis, Jeffrey Rohaly and Joel Slemrod

(pp. 161-165)

What Do Aggregate Consumption Euler Equations Say About the Capital-Income Tax Burden?

Casey Mulligan

(pp. 166-170)

Taxation and Corporate Payout Policy

James Poterba

(pp. 171-175)

Is the Social Security Trust Fund a Store of Value?

Kent Smetters

(pp. 176-181)

Social Security Financing: Facts, Fantasies, Foibles, and Follies

Robert L. Clark

(pp. 182-186)

Improving Social Security's Progressivity and Solvency with Hybrid Indexing

Robert Pozen, Sylvester J. Schieber and John B. Shoven

(pp. 187-191)

CEO Pay and Appointments: A Market-Based Explanation for Recent Trends

Kevin J. Murphy and Ján Zábojník

(pp. 192-196)

Inequality and the Organization of Knowledge

Luis Garicano and Esteban Rossi-Hansberg

(pp. 197-202)

Task-Specific Human Capital

Robert Gibbons and Michael Waldman

(pp. 203-207)

Balanced Skills and Entrepreneurship

Edward P. Lazear

(pp. 208-211)

The Structure of Wages and Internal Mobility

Edward Lazear and Paul Oyer

(pp. 212-216)

Using "Insider Econometrics" to Study Productivity

Ann Bartel, Casey Ichniowski and Kathryn Shaw

(pp. 217-223)

Integrated Longitudinal Employer-Employee Data for the United States

John J. Abowd, John Haltiwanger and Julia Lane

(pp. 224-229)

Changing Labor-Market Opportunities for Women and the Quality of Teachers, 1957-2000

Sean P. Corcoran, William N. Evans and Robert M. Schwab

(pp. 230-235)

Pulled Away or Pushed Out? Explaining the Decline of Teacher Aptitude in the United States

Caroline M. Hoxby and Andrew Leigh

(pp. 236-240)

Teacher Testing, Teacher Education, and Teacher Characteristics

Joshua D. Angrist and Jonathan Guryan

(pp. 241-246)

The Impact of Individual Teachers on Student Achievement: Evidence from Panel Data

Jonah E. Rockoff

(pp. 247-252)

Efficiency in the Use of Technology in Economic Education: Some Preliminary Results

Kim Sosin, Betty J. Lecha, Rajshree Agarwal, Robin L. Bartlett and Joseph I. Daniel

(pp. 253-258)

What Students Remember and Say about College Economics Years Later

Sam Allgood, William Bosshardt, Wilbert van der Klaauw and Michael Watts

(pp. 259-265)

Ph. D. Program Learning and Job Demands: How Close Is the Match?

Wendy A. Stock and Lee W. Hansen

(pp. 266-271)

The Market for New Ph. D. Economists in 2002

John J. Siegfried and Wendy A. Stock

(pp. 272-285)

Panel Discussion

Alan J. Auerbach, Francine D. Blau and John B. Shoven

(pp. 286-290)

Can Demand-Side Variables Explain the Low Numbers of Minority Faculty in Higher Education?

Stephen Cole and Elizabeth Arias

(pp. 291-295)

The Effects of Ph. D. Supply on Minority Faculty Representation

Samuel L. Myers and Caroline S. Turner

(pp. 296-301)

Panel Discussion

John Brooks Slaughter, Ronald G. Ehrenberg and Eric A. Hanushek

(pp. 302-306)

Institutional Strategies to Achieve Gender Equity in Intercollegiate Athletics: Does Title IX Harm Male Athletes?

Deborah J. Anderson and John J. Cheslock

(pp. 307-311)

Understanding How Child-Support Arrears Reached $18 Billion in California

Elaine Sorensen

(pp. 312-316)

Are All the Good Men Married? Uncovering the Sources of the Marital Wage Premium

Kate Antonovics and Robert Town

(pp. 317-321)

Occupation, Sex-Integration, and Divorce

Terra G. Mckinnish

(pp. 322-325)

Wealth, Health, and Health Services in Rural Rajasthan

Abhijit Banerjee, Angus Deaton and Esther Duflo

(pp. 326-330)

Medical Compliance and Income-Health Gradients

Anne Case, Ingrid Le Roux and Alicia Menendez

(pp. 331-335)

Do Conditional Cash Transfers Improve Child Health? Evidence from PROGRESA's Control Randomized Experiment

Paul Gertler

(pp. 336-341)

The Role of Information in Medical Markets: An Analysis of Publicly Reported Outcomes in Cardiac Surgery

David M. Cutler, Robert S. Huckman and Mary Beth Landrum

(pp. 342-346)

Managed Care, Information, and Diffusion: The Case of Treatment for Heart-Attack Patients

Laurence C. Baker, Christopher C. Afendulis and Paul A. Heidenreich

(pp. 347-351)

Hospital Transaction Prices and Managed-Care Discounting for Selected Medical Technologies

Avi Dor, Michael Grossman and Siran M. Koroukian

(pp. 352-356)

The Productivity of Physician Specialization: Evidence from the Medicare Program

Katherine Baicker and Amitabh Chandra

(pp. 357-361)

Repetition and Reputation: Implications for Trust and Trustworthiness When Institutions Change

Iris Bohnet and Steffen Huck

(pp. 362-366)

Mood-Driven Behavior in Strategic Interactions

Mónica C. Capra

(pp. 367-372)

Social Capital and Contributions in a Public-Goods Experiment

Lisa R. Anderson, Jennifer M. Mellor and Jeffrey Milyo

(pp. 373-376)

Gender and Competition at a Young Age

Uri Gneezy and Aldo Rustichini

(pp. 377-381)

Property Rights to Technical Knowledge in Premodern Europe, 1300 -1800

Stephan R. Epstein

(pp. 382-387)

Was Electricity a General Purpose Technology? Evidence from Historical Patent Citations

Petra Moser and Tom Nicholas

(pp. 388-394)

Institutions and Democratic Invention in 19th-Century America: Evidence from "Great Inventors," 1790-1930

Zorina Khan and Kenneth L. Sokoloff

(pp. 395-401)

Do We Underestimate the Benefits of Cultural Competition?

Bryan Caplan and Tyler Cowen

(pp. 402-407)

Psychology and the Market

Edward L. Glaeser

(pp. 408-413)

Does Competition Destroy Ethical Behavior?

Andrei Shleifer

(pp. 414-418)

A Behavioral-Economics View of Poverty

Marianne Bertrand, Sendhil Mullainathan and Eldar Shafir

(pp. 419-423)

Design Choices in Privatized Social-Security Systems: Learning from the Swedish Experience

Henrik Cronqvist and Richard H. Thaler

(pp. 424-428)

Toward National Well-Being Accounts

Daniel Kahneman, Alan B. Krueger, David Schkade, Norbert Schwarz and Arthur Stone

(pp. 429-434)

Persuasion in Politics

Kevin M. Murphy and Andrei Shleifer

(pp. 435-439)

The Employment Consequences of Wrongful-Discharge Laws: Large, Small, or None at All?

David H. Autor, John J. Donohue and Stewart J. Schwab

(pp. 440-446)

Identifying the Effects of the Americans with Disabilities Act Using State-Law Variation: Preliminary Evidence on Educational Participation Effects

Christine Jolls

(pp. 447-453)

Estimating the Value of a Statistical Life: The Importance of Omitted Variables and Publication Bias

Orley Ashenfelter and Michael Greenstone

(pp. 454-460)

What Is a Barrier to Entry?

Preston R. Fee, Hugo M. Mialon and Michael A. Williams

(pp. 461-465)

Why Barriers to Entry Are Barriers to Understanding

Dennis W. Carlton

(pp. 466-470)

Sunk Costs and Antitrust Barriers to Entry

Rchard Schmalensee

(pp. 471-475)

Awards

John Bates Clark Award (pp. 478-478)

Proceedings

Minutes of the Annual Meeting (pp. 479-480)

Minutes of the Executive Committee Meetings (pp. 481-491)

Report of the Secretary for 2003 (pp. 492-494)

Report of the Treasurer (pp. 495-498)

Report of the Finance Committee (pp. 499-500)

Report of the Editor - American Economic Review (pp. 501-513)

Report of the Editor - Journal of Economic Literature (pp. 514-517)

Report of the Editor - Journal of Economic Perspectives (pp. 518-519)

Report of the Director - Job Openings for Economists (pp. 520-522)

Report of the Committee on Economic Education (pp. 523-524)

Report of the Committee on the Status of Women in the Economics Profession (pp. 525-533)

Report of the Search Committee for a JEL Editor (pp. 534-534)

American Economic Association Universal Academic Questionnaire Summary Statistics (pp. 535-538)

Information on the Association (pp. 539-539)

American Economic Review

Vol. 94 No. 2 May 2004

Find articles in this issue

Editors' Introduction David J. Baldwin and Ronald L. Oaxaca (pp. 7-7)

Foreword Martin Feldstein (pp. 8-8)

The Institutions of Monetary Policy Mervyn King (pp. 1-13)

Asset Prices, Financial Instability, and Monetary Policy Charles R. Bean (pp. 14-18)

Inflation Illusion and Stock Prices John Y. Campbell and Tuomo Vuolteenaho (pp. 19-23)

The Fed Response to Equity Prices and Inflation Bill Dupor and Timothy Conley (pp. 24-28)

Aggregate Short Interest and Market Valuations Owen A. Lamont and Jeremy C. Stein (pp. 29-32)

Risk and Uncertainty in Monetary Policy Alan Greenspan (pp. 33-40)

Panel Discussion Martin Feldstein, Mervyn King and Janet L. Yellen (pp. 41-48)

Preemption, Changing Structure, and U. S. Monetary Policy Allen Sinai (pp. 49-52)

Serial Default and the "Paradox" of Rich-to-Poor Capital Flows Carmen M. Reinhart and Kenneth S. Rogoff (pp. 53-58)

Financial Openness, Sudden Stops, and Current-Account Reversals Sebastian Edwards (pp. 59-64)

Financial Opening and Development: Evidence and Policy Controversies Joshua Aizenman (pp. 65-70)

Monetary and Fiscal Remedies for Deflation Alan J. Auerbach and Maurice Obstfeld (pp. 71-75)

Policy Options in a Liquidity Trap Gauti B. Eggertsson and Michael Woodford (pp. 76-79)

Exchange-Rate Policy and the Zero Bound on Nominal Interest Rates Günter Coenen and Volker W. Wieland (pp. 80-84)

Conducting Monetary Policy at Very Low Short-Term Interest Rates Ben S. Bernanke and Vincent R. Reinhart (pp. 85-90)

Transparency of Information and Coordination in Economies with Investment Complementarities George-Marios Angeletos and Alessandro Pavan (pp. 91-98)

Deflation and Depression: Is There an Empirical Link? Andrew Atkeson and Patrick J. Kehoe (pp. 99-103)

Negative Nominal Interest Rates Marco Bassetto (pp. 104-108)

Wedges and Taxes Narayana R. Kocherlakota (pp. 109-113)

A Scapegoat Model of Exchange-Rate Fluctuations Philippe Bacchetta and Eric Van Wincoop (pp. 114-118)

Accounting for Exchange-Rate Variability in Present-Value Models When the Discount Factor Is Near 1 Charles Engel and Kenneth D. West (pp. 119-125)

Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows, and Exchange Rates? Harald Hau and Hélène Rey (pp. 126-133)

Why Is Manufacturing Trade Rising Even as Manufacturing Output is Falling? Raphael Bergoeing, Timothy J. Kehoe, Vanessa Strauss-Kahn and Kei-Mu Yi (pp. 134-138)

Variety Growth and World Welfare Christian Broda and David W. Weinstein (pp. 139-144)

On the Measurement of Product Variety in Trade Robert Feenstra and Hiau Looi Kee (pp. 145-149)

Dissecting Trade: Firms, Industries, and Export Destinations Jonathan Eaton, Samuel Kortum and Francis Kramarz (pp. 150-154)

How Much Equity Does the Government Hold? Alan Auerbach (pp. 155-160)

Toward a Consumption Tax, and Beyond Roger Gordon, Laura Kalambokidis, Jeffrey Rohaly and Joel Slemrod (pp. 161-165)

What Do Aggregate Consumption Euler Equations Say About the Capital-Income Tax Burden? Casey Mulligan (pp. 166-170)

Taxation and Corporate Payout Policy James Poterba (pp. 171-175)

Is the Social Security Trust Fund a Store of Value? Kent Smetters (pp. 176-181)

Social Security Financing: Facts, Fantasies, Foibles, and Follies Robert L. Clark (pp. 182-186)

Improving Social Security's Progressivity and Solvency with Hybrid Indexing Robert Pozen, Sylvester J. Schieber and John B. Shoven (pp. 187-191)

CEO Pay and Appointments: A Market-Based Explanation for Recent Trends Kevin J. Murphy and Ján Zábojník (pp. 192-196)

Inequality and the Organization of Knowledge Luis Garicano and Esteban Rossi-Hansberg (pp. 197-202)

Task-Specific Human Capital Robert Gibbons and Michael Waldman (pp. 203-207)

Balanced Skills and Entrepreneurship Edward P. Lazear (pp. 208-211)

The Structure of Wages and Internal Mobility Edward Lazear and Paul Oyer (pp. 212-216)

Using "Insider Econometrics" to Study Productivity Ann Bartel, Casey Ichniowski and Kathryn Shaw (pp. 217-223)

Integrated Longitudinal Employer-Employee Data for the United States John J. Abowd, John Haltiwanger and Julia Lane (pp. 224-229)

Changing Labor-Market Opportunities for Women and the Quality of Teachers, 1957-2000 Sean P. Corcoran, William N. Evans and Robert M. Schwab (pp. 230-235)

Pulled Away or Pushed Out? Explaining the Decline of Teacher Aptitude in the United States Caroline M. Hoxby and Andrew Leigh (pp. 236-240)

Teacher Testing, Teacher Education, and Teacher Characteristics Joshua D. Angrist and Jonathan Guryan (pp. 241-246)

The Impact of Individual Teachers on Student Achievement: Evidence from Panel Data Jonah E. Rockoff (pp. 247-252)

Efficiency in the Use of Technology in Economic Education: Some Preliminary Results Kim Sosin, Betty J. Lecha, Rajshree Agarwal, Robin L. Bartlett and Joseph I. Daniel (pp. 253-258)

What Students Remember and Say about College Economics Years Later Sam Allgood, William Bosshardt, Wilbert van der Klaauw and Michael Watts (pp. 259-265)

Ph. D. Program Learning and Job Demands: How Close Is the Match? Wendy A. Stock and Lee W. Hansen (pp. 266-271)

The Market for New Ph. D. Economists in 2002 John J. Siegfried and Wendy A. Stock (pp. 272-285)

Panel Discussion Alan J. Auerbach, Francine D. Blau and John B. Shoven (pp. 286-290)

Can Demand-Side Variables Explain the Low Numbers of Minority Faculty in Higher Education? Stephen Cole and Elizabeth Arias (pp. 291-295)

The Effects of Ph. D. Supply on Minority Faculty Representation Samuel L. Myers and Caroline S. Turner (pp. 296-301)

Panel Discussion John Brooks Slaughter, Ronald G. Ehrenberg and Eric A. Hanushek (pp. 302-306)

Institutional Strategies to Achieve Gender Equity in Intercollegiate Athletics: Does Title IX Harm Male Athletes? Deborah J. Anderson and John J. Cheslock (pp. 307-311)

Understanding How Child-Support Arrears Reached $18 Billion in California Elaine Sorensen (pp. 312-316)

Are All the Good Men Married? Uncovering the Sources of the Marital Wage Premium Kate Antonovics and Robert Town (pp. 317-321)

Occupation, Sex-Integration, and Divorce Terra G. Mckinnish (pp. 322-325)

Wealth, Health, and Health Services in Rural Rajasthan Abhijit Banerjee, Angus Deaton and Esther Duflo (pp. 326-330)

Medical Compliance and Income-Health Gradients Anne Case, Ingrid Le Roux and Alicia Menendez (pp. 331-335)

Do Conditional Cash Transfers Improve Child Health? Evidence from PROGRESA's Control Randomized Experiment Paul Gertler (pp. 336-341)

The Role of Information in Medical Markets: An Analysis of Publicly Reported Outcomes in Cardiac Surgery David M. Cutler, Robert S. Huckman and Mary Beth Landrum (pp. 342-346)

Managed Care, Information, and Diffusion: The Case of Treatment for Heart-Attack Patients Laurence C. Baker, Christopher C. Afendulis and Paul A. Heidenreich (pp. 347-351)

Hospital Transaction Prices and Managed-Care Discounting for Selected Medical Technologies Avi Dor, Michael Grossman and Siran M. Koroukian (pp. 352-356)

The Productivity of Physician Specialization: Evidence from the Medicare Program Katherine Baicker and Amitabh Chandra (pp. 357-361)

Repetition and Reputation: Implications for Trust and Trustworthiness When Institutions Change Iris Bohnet and Steffen Huck (pp. 362-366)

Mood-Driven Behavior in Strategic Interactions Mónica C. Capra (pp. 367-372)

Social Capital and Contributions in a Public-Goods Experiment Lisa R. Anderson, Jennifer M. Mellor and Jeffrey Milyo (pp. 373-376)

Gender and Competition at a Young Age Uri Gneezy and Aldo Rustichini (pp. 377-381)

Property Rights to Technical Knowledge in Premodern Europe, 1300 -1800 Stephan R. Epstein (pp. 382-387)

Was Electricity a General Purpose Technology? Evidence from Historical Patent Citations Petra Moser and Tom Nicholas (pp. 388-394)

Institutions and Democratic Invention in 19th-Century America: Evidence from "Great Inventors," 1790-1930 Zorina Khan and Kenneth L. Sokoloff (pp. 395-401)

Do We Underestimate the Benefits of Cultural Competition? Bryan Caplan and Tyler Cowen (pp. 402-407)

Psychology and the Market Edward L. Glaeser (pp. 408-413)

Does Competition Destroy Ethical Behavior? Andrei Shleifer (pp. 414-418)

A Behavioral-Economics View of Poverty Marianne Bertrand, Sendhil Mullainathan and Eldar Shafir (pp. 419-423)

Design Choices in Privatized Social-Security Systems: Learning from the Swedish Experience Henrik Cronqvist and Richard H. Thaler (pp. 424-428)

Editors' Introduction

David J. Baldwin and Ronald L. Oaxaca

(pp. 7-7)

Foreword

Martin Feldstein

(pp. 8-8)

The Institutions of Monetary Policy

Mervyn King

(pp. 1-13)

Asset Prices, Financial Instability, and Monetary Policy

Charles R. Bean

(pp. 14-18)

Inflation Illusion and Stock Prices

John Y. Campbell and Tuomo Vuolteenaho

(pp. 19-23)

The Fed Response to Equity Prices and Inflation

Bill Dupor and Timothy Conley

(pp. 24-28)

Aggregate Short Interest and Market Valuations

Owen A. Lamont and Jeremy C. Stein

(pp. 29-32)

Risk and Uncertainty in Monetary Policy

Alan Greenspan

(pp. 33-40)

Panel Discussion

Martin Feldstein, Mervyn King and Janet L. Yellen

(pp. 41-48)

Preemption, Changing Structure, and U. S. Monetary Policy

Allen Sinai

(pp. 49-52)

Serial Default and the "Paradox" of Rich-to-Poor Capital Flows

Carmen M. Reinhart and Kenneth S. Rogoff

(pp. 53-58)

Financial Openness, Sudden Stops, and Current-Account Reversals

Sebastian Edwards

(pp. 59-64)

Financial Opening and Development: Evidence and Policy Controversies

Joshua Aizenman

(pp. 65-70)

Monetary and Fiscal Remedies for Deflation

Alan J. Auerbach and Maurice Obstfeld

(pp. 71-75)

Policy Options in a Liquidity Trap

Gauti B. Eggertsson and Michael Woodford

(pp. 76-79)

Exchange-Rate Policy and the Zero Bound on Nominal Interest Rates

Günter Coenen and Volker W. Wieland

(pp. 80-84)

Conducting Monetary Policy at Very Low Short-Term Interest Rates

Ben S. Bernanke and Vincent R. Reinhart

(pp. 85-90)

Transparency of Information and Coordination in Economies with Investment Complementarities

George-Marios Angeletos and Alessandro Pavan

(pp. 91-98)

Deflation and Depression: Is There an Empirical Link?

Andrew Atkeson and Patrick J. Kehoe

(pp. 99-103)

Negative Nominal Interest Rates

Marco Bassetto

(pp. 104-108)

Wedges and Taxes

Narayana R. Kocherlakota

(pp. 109-113)

A Scapegoat Model of Exchange-Rate Fluctuations

Philippe Bacchetta and Eric Van Wincoop

(pp. 114-118)

Accounting for Exchange-Rate Variability in Present-Value Models When the Discount Factor Is Near 1

Charles Engel and Kenneth D. West

(pp. 119-125)

Can Portfolio Rebalancing Explain the Dynamics of Equity Returns, Equity Flows, and Exchange Rates?

Harald Hau and Hélène Rey

(pp. 126-133)

Why Is Manufacturing Trade Rising Even as Manufacturing Output is Falling?

Raphael Bergoeing, Timothy J. Kehoe, Vanessa Strauss-Kahn and Kei-Mu Yi

(pp. 134-138)

Variety Growth and World Welfare

Christian Broda and David W. Weinstein

(pp. 139-144)

On the Measurement of Product Variety in Trade

Robert Feenstra and Hiau Looi Kee

(pp. 145-149)

Dissecting Trade: Firms, Industries, and Export Destinations

Jonathan Eaton, Samuel Kortum and Francis Kramarz

(pp. 150-154)

How Much Equity Does the Government Hold?

Alan Auerbach

(pp. 155-160)

Toward a Consumption Tax, and Beyond

Roger Gordon, Laura Kalambokidis, Jeffrey Rohaly and Joel Slemrod

(pp. 161-165)

What Do Aggregate Consumption Euler Equations Say About the Capital-Income Tax Burden?

Casey Mulligan

(pp. 166-170)

Taxation and Corporate Payout Policy

James Poterba

(pp. 171-175)

Is the Social Security Trust Fund a Store of Value?

Kent Smetters

(pp. 176-181)

Social Security Financing: Facts, Fantasies, Foibles, and Follies

Robert L. Clark

(pp. 182-186)

Improving Social Security's Progressivity and Solvency with Hybrid Indexing

Robert Pozen, Sylvester J. Schieber and John B. Shoven

(pp. 187-191)

CEO Pay and Appointments: A Market-Based Explanation for Recent Trends

Kevin J. Murphy and Ján Zábojník

(pp. 192-196)

Inequality and the Organization of Knowledge

Luis Garicano and Esteban Rossi-Hansberg

(pp. 197-202)

Task-Specific Human Capital

Robert Gibbons and Michael Waldman

(pp. 203-207)

Balanced Skills and Entrepreneurship

Edward P. Lazear

(pp. 208-211)

The Structure of Wages and Internal Mobility

Edward Lazear and Paul Oyer

(pp. 212-216)

Using "Insider Econometrics" to Study Productivity

Ann Bartel, Casey Ichniowski and Kathryn Shaw

(pp. 217-223)

Integrated Longitudinal Employer-Employee Data for the United States

John J. Abowd, John Haltiwanger and Julia Lane

(pp. 224-229)

Changing Labor-Market Opportunities for Women and the Quality of Teachers, 1957-2000

Sean P. Corcoran, William N. Evans and Robert M. Schwab

(pp. 230-235)

Pulled Away or Pushed Out? Explaining the Decline of Teacher Aptitude in the United States

Caroline M. Hoxby and Andrew Leigh

(pp. 236-240)

Teacher Testing, Teacher Education, and Teacher Characteristics

Joshua D. Angrist and Jonathan Guryan

(pp. 241-246)

The Impact of Individual Teachers on Student Achievement: Evidence from Panel Data

Jonah E. Rockoff

(pp. 247-252)

Efficiency in the Use of Technology in Economic Education: Some Preliminary Results

Kim Sosin, Betty J. Lecha, Rajshree Agarwal, Robin L. Bartlett and Joseph I. Daniel

(pp. 253-258)

What Students Remember and Say about College Economics Years Later

Sam Allgood, William Bosshardt, Wilbert van der Klaauw and Michael Watts

(pp. 259-265)

Ph. D. Program Learning and Job Demands: How Close Is the Match?

Wendy A. Stock and Lee W. Hansen

(pp. 266-271)

The Market for New Ph. D. Economists in 2002

John J. Siegfried and Wendy A. Stock

(pp. 272-285)

Panel Discussion

Alan J. Auerbach, Francine D. Blau and John B. Shoven

(pp. 286-290)

Can Demand-Side Variables Explain the Low Numbers of Minority Faculty in Higher Education?

Stephen Cole and Elizabeth Arias

(pp. 291-295)

The Effects of Ph. D. Supply on Minority Faculty Representation

Samuel L. Myers and Caroline S. Turner

(pp. 296-301)

Panel Discussion

John Brooks Slaughter, Ronald G. Ehrenberg and Eric A. Hanushek

(pp. 302-306)

Institutional Strategies to Achieve Gender Equity in Intercollegiate Athletics: Does Title IX Harm Male Athletes?

Deborah J. Anderson and John J. Cheslock

(pp. 307-311)

Understanding How Child-Support Arrears Reached $18 Billion in California

Elaine Sorensen

(pp. 312-316)

Are All the Good Men Married? Uncovering the Sources of the Marital Wage Premium

Kate Antonovics and Robert Town

(pp. 317-321)

Occupation, Sex-Integration, and Divorce

Terra G. Mckinnish

(pp. 322-325)

Wealth, Health, and Health Services in Rural Rajasthan

Abhijit Banerjee, Angus Deaton and Esther Duflo

(pp. 326-330)

Medical Compliance and Income-Health Gradients

Anne Case, Ingrid Le Roux and Alicia Menendez

(pp. 331-335)

Do Conditional Cash Transfers Improve Child Health? Evidence from PROGRESA's Control Randomized Experiment

Paul Gertler

(pp. 336-341)

The Role of Information in Medical Markets: An Analysis of Publicly Reported Outcomes in Cardiac Surgery

David M. Cutler, Robert S. Huckman and Mary Beth Landrum

(pp. 342-346)

Managed Care, Information, and Diffusion: The Case of Treatment for Heart-Attack Patients

Laurence C. Baker, Christopher C. Afendulis and Paul A. Heidenreich

(pp. 347-351)

Hospital Transaction Prices and Managed-Care Discounting for Selected Medical Technologies

Avi Dor, Michael Grossman and Siran M. Koroukian

(pp. 352-356)

The Productivity of Physician Specialization: Evidence from the Medicare Program

Katherine Baicker and Amitabh Chandra

(pp. 357-361)

Repetition and Reputation: Implications for Trust and Trustworthiness When Institutions Change

Iris Bohnet and Steffen Huck

(pp. 362-366)

Mood-Driven Behavior in Strategic Interactions

Mónica C. Capra

(pp. 367-372)

Social Capital and Contributions in a Public-Goods Experiment

Lisa R. Anderson, Jennifer M. Mellor and Jeffrey Milyo

(pp. 373-376)

Gender and Competition at a Young Age

Uri Gneezy and Aldo Rustichini

(pp. 377-381)

Property Rights to Technical Knowledge in Premodern Europe, 1300 -1800

Stephan R. Epstein

(pp. 382-387)

Was Electricity a General Purpose Technology? Evidence from Historical Patent Citations

Petra Moser and Tom Nicholas

(pp. 388-394)

Institutions and Democratic Invention in 19th-Century America: Evidence from "Great Inventors," 1790-1930

Zorina Khan and Kenneth L. Sokoloff

(pp. 395-401)

Do We Underestimate the Benefits of Cultural Competition?

Bryan Caplan and Tyler Cowen

(pp. 402-407)

Psychology and the Market

Edward L. Glaeser

(pp. 408-413)

Does Competition Destroy Ethical Behavior?

Andrei Shleifer

(pp. 414-418)

A Behavioral-Economics View of Poverty

Marianne Bertrand, Sendhil Mullainathan and Eldar Shafir

(pp. 419-423)

Design Choices in Privatized Social-Security Systems: Learning from the Swedish Experience

Henrik Cronqvist and Richard H. Thaler

(pp. 424-428)

Toward National Well-Being Accounts

Daniel Kahneman, Alan B. Krueger, David Schkade, Norbert Schwarz and Arthur Stone

(pp. 429-434)

Persuasion in Politics

Kevin M. Murphy and Andrei Shleifer

(pp. 435-439)

The Employment Consequences of Wrongful-Discharge Laws: Large, Small, or None at All?

David H. Autor, John J. Donohue and Stewart J. Schwab

(pp. 440-446)