Front Matter

American Economic Journal: Microeconomics, November 2019

Pulling up the jobs ladder

[Research Highlight]

October 28, 2019

When the employed start looking for work, they can crowd out the unemployed.

India's population growth, legalizing marijuana, and dominant digital platforms

[News]

October 30, 2019

Reading recommendations from Timothy Taylor, managing editor of the Journal of Economic Perspectives.

Randomized Safety Inspections and Risk Exposure on the Job: Quasi-experimental Estimates of the Value of a Statistical Life

By Jonathan M. Lee and Laura O. Taylor

American Economic Journal: Economic Policy, November 2019

The value of a statistical life (VSL) is a critical driver of estimated benefits for federal policies designed to improve human health, safety, and environmental exposures. The vast majority of empirical evidence on the magnitude of the VSL arises from he...

Motivated to serve and protect

[Research Highlight]

October 18, 2019

New study explores the trustworthiness of applicants to the German police force.

Kids and job inequality

[Page]

Becoming a parent impacts career prospects, but hurts women much more than men.

Sticky wages and recessions

[Research Highlight]

November 06, 2019

Unemployment in Indian villages was exacerbated when laborers resisted pay cuts during bad times.

Fighting poverty with a living wage

[Page]

How much would raising the minimum wage increase family incomes?

An efficient way to reduce emissions

[Research Highlight]

October 28, 2019

Carbon taxes may be more effective in curbing pollution than previously believed.

Capping health insurers’ profit margins

[Research Highlight]

November 14, 2019

Did Obamacare regulations bring down premiums? Probably not.

The factions of populism

[Page]

Economic nationalist and isolationist policies being championed in western Europe include groups across the political spectrum.

2019 Mitsui Finance Symposium

[News]

November 19, 2019

The symposium will be held at the University of Michigan on June 25-27, 2020.

Cutting off support

[Research Highlight]

November 11, 2019

The AEA interviews Thiemo Fetzer about how austerity policies after the financial crisis led to Brexit.

The price tag for the trade wars

[Page]

How much did the 2018 tariffs raise the cost of imports?

The Term Structure of Currency Carry Trade Risk Premia

By Hanno Lustig, Andreas Stathopoulos, and Adrien Verdelhan

American Economic Review, December 2019

Fixing the investment horizon, the returns to currency carry trades decrease as the maturity of the foreign bonds increases. Across developed countries, the local currency term premia, which increase with the maturity of the bonds, offset the currency ris...

Discriminating against Captive Customers

By Mark Armstrong and John Vickers

American Economic Review: Insights, December 2019

We analyze a market where some consumers only consider buying from a specific seller while other consumers choose the best deal from several sellers. When sellers are able to discriminate against their captive customers, we show that discrimination harms ...

Reported Effects versus Revealed-Preference Estimates: Evidence from the Propensity to Spend Tax Rebates

By Jonathan A. Parker and Nicholas S. Souleles

American Economic Review: Insights, December 2019

We evaluate the consistency of two methods for estimating the effect of an economic policy: (i) asking people how the policy caused them to change their behavior (reported effects) and (ii) inferring this change using data on behavior and differences in t...

When consolidation and competition go hand in hand

[Research Highlight]

November 26, 2019

Growing demand for hotels led to fewer, bigger firms in the 70s—but the business didn’t become any less cutthroat.

Embracing our differences

[Research Highlight]

November 13, 2019

What effect does campus racial diversity have on the way whites act toward minority students?

2019 AEJ Best Paper Nominations

[News]

November 29, 2018

The AEA is now accepting nominations for the AEJ Best Paper Awards.