Front Matter

American Economic Review, November 2018

Fiscal Centralization: Theory and Evidence from the Great Depression

By Daniele Coen-Pirani and Michael Wooley

American Economic Journal: Economic Policy, May 2018

The Great Depression produced a profound and lasting influence on the structure of US government. This paper studies theoretically and empirically the increased centralization of revenues and expenditures by the states relative to local governments during...

Corrigendum: Review of Oxford Handbook of Professional Economic Ethics by George F. Demartino and Diedre N. McCloskey, Reviewed by Anne Krueger

Journal of Economic Literature, June 2018

Front Matter

American Economic Review, July 2018

Medium- and Long-Term Educational Consequences of Alternative Conditional Cash Transfer Designs: Experimental Evidence from Colombia

By Felipe Barrera-Osorio, Leigh L. Linden, and Juan E. Saavedra

American Economic Journal: Applied Economics, July 2019

In 2005 the city of Bogota, Colombia, introduced three conditional cash transfer programs for secondary schooling, randomly assigning socioeconomically disadvantaged students to different payment structures. We show, through administrative data, that forc...

Advertising and Risk Selection in Health Insurance Markets

By Naoki Aizawa and You Suk Kim

American Economic Review, March 2018

This paper studies the impact of advertising as a channel for risk selection in Medicare Advantage. We provide evidence that insurer advertising is responsive to the gains from risk selection. Then we develop and estimate an equilibrium model of Medicare ...

Annotated Listing of New Books

Journal of Economic Literature, March 2020

Recovery from the Great Depression: The Farm Channel in Spring 1933

By Joshua K. Hausman, Paul W. Rhode, and Johannes F. Wieland

American Economic Review, February 2019

From March to July 1933, US industrial production rose 57 percent. We show that an important source of recovery was the effect of dollar devaluation on farm prices, incomes, and consumption. Devaluation immediately raised traded crop prices, and auto sale...

JEL Classification System

Journal of Economic Literature, March 2020

Front Matter

American Economic Journal: Macroeconomics, January 2019

Consumer Price Search and Platform Design in Internet Commerce

By Michael Dinerstein, Liran Einav, Jonathan Levin, and Neel Sundaresan

American Economic Review, July 2018

The platform design, the process that helps potential buyers on the internet navigate toward products they may purchase, plays a critical role in reducing search frictions and determining market outcomes. We study a key trade-off associated with two impor...

Does It Matter if Your Health Insurer Is For Profit? Effects of Ownership on Premiums, Insurance Coverage, and Medical Spending

By Leemore Dafny

American Economic Journal: Economic Policy, February 2019

There is limited empirical evidence about the impact of for-profit health insurers on various outcomes. I study the effects of conversions to for-profit status by Blue Cross and Blue Shield (BCBS) affiliates in 11 states, spanning 28 geographic markets. I...

Steering clear of risky mortgages

[Page]

To what extent could financial education help home buyers make wiser decisions?

Oxera's Women in Economics Survey and Podcast

[News]

March 11, 2020

Learn about the survey results and listen to the podcast.

How Initial Conditions Can Have Permanent Effects: The Case of the Affordable Care Act

By Florian Scheuer and Kent Smetters

American Economic Journal: Economic Policy, November 2018

We document that states that experienced website glitches in the ACA's first year faced higher average costs that persisted into future years. These dynamics are inconsistent with the standard strategic-pricing model, which requires non-localized common k...

Financial Incentives and Earnings of Disability Insurance Recipients: Evidence from a Notch Design

By Philippe Ruh and Stefan Staubli

American Economic Journal: Economic Policy, May 2019

Most countries reduce disability insurance (DI ) benefits for beneficiaries earning above a specified threshold. Such an earnings threshold generates a discontinuous increase in tax liability—a notch—and creates an incentive to keep earnings below the...

The Weak Job Recovery in a Macro Model of Search and Recruiting Intensity

By Sylvain Leduc and Zheng Liu

American Economic Journal: Macroeconomics, January 2020

We show that cyclical fluctuations in search and recruiting intensity are quantitatively important for explaining the weak job recovery from the Great Recession. We demonstrate this result using an estimated labor search model that features endogenous sea...

A Passage to America: University Funding and International Students

By John Bound, Breno Braga, Gaurav Khanna, and Sarah Turner

American Economic Journal: Economic Policy, February 2020

The number of international undergraduate students at US public research universities increased dramatically over the past two decades, alongside concurrent reductions in state support for universities. We show that these trends are closely connected as p...

Front Matter

Journal of Economic Literature, September 2018

Annotated Listing of New Books

Journal of Economic Literature, September 2018