An Asset Allocation Puzzle: Comment

By Haim Shalit and Shlomo Yitzhaki

American Economic Review, June 2003

Pension Wealth and Household Saving: Evidence from Pension Reforms in the United Kingdom

By Orazio P. Attanasio and Susann Rohwedder

American Economic Review, December 2003

Using three major U.K. pension reforms as natural experiments we investigate the relationship between pension saving and discretionary private savings. Unlike most differences-in-differences approaches which rely on average differences between control and...

Internet Job Search and Unemployment Durations

By Peter Kuhn and Mikal Skuterud

American Economic Review, March 2004

Using the December 1998 and August 2000 CPS Computer and Internet Supplements matched with subsequent CPS files, we ask which types of unemployed workers looked for work on line and whether Internet searchers became reemployed more quickly. In our data, I...

How Will 401(k) Pension Plans Affect Retirement Income?

By Andrew A. Samwick and Jonathan Skinner

American Economic Review, March 2004

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

By Allen Sinai

American Economic Review, May 2004

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

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

American Economic Review, May 2004

The Productivity of Physician Specialization: Evidence from the Medicare Program

By Katherine Baicker and Amitabh Chandra

American Economic Review, May 2004

The Role of Social Capital in Financial Development

By Luigi Guiso, Paola Sapienza, and Luigi Zingales

American Economic Review, June 2004

To identify the effect of social capital on financial development, we exploit social capital differences within Italy. In high-social-capital areas, households are more likely to use checks, invest less in cash and more in stock, have higher access to ins...

The Politician and the Judge: Accountability in Government

By Eric Maskin and Jean Tirole

American Economic Review, September 2004

We build a simple model to capture the major virtues and drawbacks of making public officials accountable (i. e., subjecting them to reelection): On the one hand, accountability allows the public to screen and discipline their officials; on the other, it ...

Effects of Technology on Incentive Design of Share Contracts

By Priyanka Pandey

American Economic Review, September 2004

Saving, Risk Sharing, and Preferences for Risk

By Maurizio Mazzocco

American Economic Review, September 2004

The Cyclical Behavior of Equilibrium Unemployment and Vacancies

By Robert Shimer

American Economic Review, March 2005

This paper argues that the textbook search and matching model cannot generate the observed business-cycle-frequency fluctuations in unemployment and job vacancies in response to shocks of a plausible magnitude. In the United States, the standard deviation...

Moore's Law, Competition, and Intel's Productivity in the Mid-1990s

By Ana Aizcorbe

American Economic Review, May 2005

International Unions

By Alberto Alesina, Ignazio Angeloni, and Federico Etro

American Economic Review, June 2005

We model an international union as a group of countries deciding to centralize the provision of public goods, or policies, that generate externalities across union members. The trade-off between the benefits of coordination and the loss of independent pol...

Competition and Incentives with Motivated Agents

By Timothy Besley and Maitreesh Ghatak

American Economic Review, June 2005

A unifying theme in the literature on organizations such as public bureaucracies and private nonprofits is the importance of mission, as opposed to profit, as an organizational goal. Such mission-oriented organizations are frequently staffed by motivated ...

The Variety and Quality of a Nation's Exports

By David Hummels and Peter J. Klenow

American Economic Review, June 2005

Large economies export more in absolute terms than do small economies. We use data on shipments by 126 exporting countries to 59 importing countries in 5,000 product categories to answer the question: How? Do big economies export larger quantities of each...

Understanding European Real Exchange Rates

By Mario J. Crucini, Chris I. Telmer, and Marios Zachariadis

American Economic Review, June 2005

We study good-by-good deviations from the Law-of-One-Price (LOP) for over 1,800 retail goods and services between all European Union (EU) countries for the years 1975, 1980, 1985, and 1990. We find that for each of these years, after we control for differ...

A Spatial Theory of Trade

By Esteban Rossi-Hansberg

American Economic Review, December 2005

The equilibrium relationship between trade and the spatial distribution of economic activity is fundamental to the analysis of national and regional trade patterns, as well as to the effect of trade frictions. We study this relationship using a trade mode...

Free Markets and Fettered Consumers

By Daniel McFadden

American Economic Review, March 2006

Odious Debt

By Seema Jayachandran and Michael Kremer

American Economic Review, March 2006

Trade sanctions are often criticized as ineffective because they create incentives for evasion or as harmful to the target country's population. Loan sanctions, in contrast, could be self-enforcing and could protect the population from being saddled with ...