Social Value of Public Information: Morris and Shin (2002) Is Actually Pro-Transparency, Not Con: Reply

By Stephen Morris, Hyun Song Shin, and Hui Tong

American Economic Review, March 2006

The Evolution of Top Incomes: A Historical and International Perspective

By Thomas Piketty and Emmanuel Saez

American Economic Review, May 2006

Preferential Trade Agreements as Stumbling Blocks for Multilateral Trade Liberalization: Evidence for the United States

By Nuno Limao

American Economic Review, June 2006

Most countries are members of preferential trade agreements (PTAs). The effect of these agreements has attracted much interest and raised the question of whether PTAs promote or slow multilateral trade liberalization, i.e., whether they are a "building bl...

What Mean Impacts Miss: Distributional Effects of Welfare Reform Experiments

By Marianne P. Bitler, Jonah B. Gelbach, and Hilary W. Hoynes

American Economic Review, September 2006

Labor supply theory predicts systematic heterogeneity in the impact of recent welfare reforms on earnings, transfers, and income. Yet most welfare reform research focuses on mean impacts. We investigate the importance of heterogeneity using randomassign...

The Real Effects of European Monetary Union

[Symposium: The Euro]

By Philip R. Lane

Journal of Economic Perspectives, Fall 2006

We explore the impact of European monetary union on the economies of the member countries. Inflation differentials across the euro area have been persistent, such that cumulative real exchange rate movements across the euro area have been quite substantia...

How Special Is the Special Relationship? Using the Impact of U.S. R&D Spillovers on U.K. Firms as a Test of Technology Sourcing

By Rachel Griffith, Rupert Harrison, and John Van Reenen

American Economic Review, December 2006

We examine the "technology sourcing" hypothesis that foreign research labs located in the U.S. tap into U.S. R&D spillovers and improve home country productivity. We show that U.K. firms that established a high proportion of inventors based in the U.S. by...

Phased-In Tax Cuts and Economic Activity

By Christopher L. House and Matthew D. Shapiro

American Economic Review, December 2006

This paper uses a dynamic general equilibrium model to analyze and quantify the aggregate effects of the timing of tax rate changes enacted in 2001 (which called for successive rate reductions through 2006) and 2003 (which made immediate tax rate cuts sch...

How Progressive is the U.S. Federal Tax System? A Historical and International Perspective

[Symposium: U.S. Tax Policy in International Perspective]

By Thomas Piketty and Emmanuel Saez

Journal of Economic Perspectives, Winter 2007

This paper provides estimates of federal tax rates by income groups in the United States since 1960, with special emphasis on very top income groups. We include individual and corporate income taxes, payroll taxes, and estate and gift taxes. The progressi...

Distributional Effects of Globalization in Developing Countries

By Pinelopi Koujianou Goldberg and Nina Pavcnik

Journal of Economic Literature, March 2007

The authors discuss recent empirical research on how globalization has affected income inequality in developing countries. They begin with a discussion of conceptual issues regarding the measurement of globalization and inequality. Next, they present e...

Increasing Income Inequality, External Habits, and Self-Reported Happiness

By Karen E. Dynan and Enrichetta Ravina

American Economic Review, May 2007

The Effect of Child Gender on Parents' Labor Supply: An Examination of Natives, Immigrants, and their Children

By Sabrina Wulff Pabilonia and Jennifer Ward-Batts

American Economic Review, May 2007

Heterogeneity and Aggregation: Implications for Labor-Market Fluctuations

By Yongsung Chang and Sun-Bin Kim

American Economic Review, December 2007

We demonstrate that aggregate employment and consumption can increase without a corresponding movement in productivity in a model with heterogeneous agents where the only aggregate disturbance is a productivity shock. The interaction between incomplete ca...

The Winner's Curse and Public Information in Common Value Auctions: Reply

By Colin M. Campbell, John H. Kagel, and Dan Levin

American Economic Review, March 1999

Report of the Editor: Journal of Economic Perspectives

By David Autor

American Economic Review, May 2011

Overborrowing and Systemic Externalities in the Business Cycle

By Javier Bianchi

American Economic Review, December 2011

Credit constraints linking debt to market-determined prices embody a systemic credit externality that drives a wedge between competitive and constrained socially optimal equilibria, inducing private agents to overborrow. This externality arises because pr...

Erratum: Macroeconomic Effects of Financial Shocks

By Urban Jermann and Vincenzo Quadrini

American Economic Review, April 2012

Does State Fiscal Relief during Recessions Increase Employment? Evidence from the American Recovery and Reinvestment Act

By Gabriel Chodorow-Reich, Laura Feiveson, Zachary Liscow, and William Gui Woolston

American Economic Journal: Economic Policy, August 2012

The American Recovery and Reinvestment Act (ARRA) of 2009 included $88 billion of aid to state governments administered through the Medicaid reimbursement process. We examine the effect of these transfers on states' employment. Because state fiscal relief...

The Rise and Fall of Unions: The Public Sector and the Private

[Symposium: Explaining Savings]

By Melvin W. Reder

Journal of Economic Perspectives, Spring 1988

This paper has a single purpose: to explain why unionism (interpreted as percentage of union adherents among eligible employees) has been declining in the private sector for the past 30 to 35 years, but, for most of this period, has been increasing in the...

In Honor of Sandy Grossman, Winner of the John Bates Clark Medal

By David M. Kreps

Journal of Economic Perspectives, Spring 1988

Sandy Grossman, Professor of Economics at Princeton University, is the winner of the John Bates Clark Medal for 1987, given to "that American economist under forty who is adjudged to have made a significant contribution to economic thought and knowledge."...

Correspondence

By Herbert J. Kiesling

Journal of Economic Perspectives, Spring 1988

Correspondence and response regarding: Symposium on Tax Reform Evaluating Uncertain Evidence with Sir Thomas Bayes: A Note for Teachers Choice under Uncertainty: Problems Solved and Unsolved: Correspondence Anomalies