Place-Based Policies, Creation, and Agglomeration Economies: Evidence from China's Economic Zone Program

By Yi Lu, Jin Wang, and Lianming Zhu

American Economic Journal: Economic Policy, August 2019

Combining rich firm and administrative data, this paper examines the incidence and effectiveness of a prominent place-based policy in China: special economic zones. Establishing zones is found to have had a positive effect on capital investment, employmen...

Examining Medicaid Expansion and the Treatment of Substance Use Disorders

By Jevay Grooms and Alberto Ortega

AEA Papers and Proceedings, May 2019

As the drug epidemic continues to cripple communities and disrupt our country, identifying and understanding state and federal policies which have helped alleviate the burden of substance use disorders (SUDs) is imperative. In 2010, the passage of the Pat...

Front Matter

AEA Papers and Proceedings, May 2019

Traditional Medicine in Central Africa

By Sara Lowes and Eduardo Montero

AEA Papers and Proceedings, May 2019

In many settings, traditional medicine is a popular, accessible, and affordable alternative to modern medicine. Understanding the determinants of the use of traditional medicine is important because it is widespread and because of the growing evidence of ...

Economic Institutions and Social Progress

By Daniel C. Fehder, Michael E. Porter, and Scott Stern

AEA Papers and Proceedings, May 2019

Combining data from the social progress index and measures of economic institutions and performance, our analysis focuses on how changes in economic institutions and performance are related to subsequent changes in social progress (noneconomic dimensions ...

Grades in Economics and Other Undergraduate Courses

By William Walstad and William Bosshardt

AEA Papers and Proceedings, May 2019

This study analyzes GPA data from the transcripts of college grades using the Baccalaureate and Beyond survey data from the National Center for Education Statistics at the US Department of Education. It reports GPAs overall and for 12 undergraduate majors...

The Quality of Banks at Stigmatized Lending Facilities

By Sriya Anbil and Angela Vossmeyer

AEA Papers and Proceedings, May 2019

When the names of banks that borrow from an emergency lending facility are inadvertently leaked, the facility may become stigmatized. We examine how the quality of the borrowing pool of banks changed when stigma was unexpectedly introduced at a once confi...

CSMGEP Profiles: Randall Akee

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The Effect of Pollution on Worker Productivity: Evidence from Call Center Workers in China

By Tom Y. Chang, Joshua Graff Zivin, Tal Gross, and Matthew Neidell

American Economic Journal: Applied Economics, January 2019

We investigate the effect of pollution on worker productivity in the service sector by focusing on two call centers in China. Using precise measures of each worker's daily output linked to daily measures of pollution and meteorology, we find that higher l...

Front Matter

American Economic Journal: Applied Economics, January 2020

JEL Classification System

Journal of Economic Literature, June 2010

Mentors or Teachers? Microenterprise Training in Kenya

By Wyatt Brooks, Kevin Donovan, and Terence R. Johnson

American Economic Journal: Applied Economics, October 2018

We use a randomized controlled trial to demonstrate that inexperienced female microenterprise owners in a Kenyan slum benefit from mentorship by an experienced entrepreneur in the same community. Mentorship increases profits by 20 percent on average with ...

What Do Big Data Tell Us about Why People Take Gig Economy Jobs?

By Dmitri K. Koustas

AEA Papers and Proceedings, May 2019

The gig economy is widely regarded to be a source of secondary or temporary income, but little is known about economic activity outside of the gig economy. Using data from a large, online personal finance application, I document the evolution of non-gig i...

Mobile Wallet and Entrepreneurial Growth

By Sumit Agarwal, Wenlan Qian, Bernard Y. Yeung, and Xin Zou

AEA Papers and Proceedings, May 2019

Using mobile wallet and card transaction data from a leading Singapore bank, this paper studies the effect of a mobile wallet payment technology introduction in 2017 on business growth. We find that mobile wallet usage doubled after the new technology int...

Front Matter

American Economic Journal: Macroeconomics, January 2020

Sickness and the city

[Research Highlight]

March 17, 2020

Long after a cholera-ridden neighborhood in London was cured, it stayed relatively poor. Why?

The Paradox of Global Thrift

By Luca Fornaro and Federica Romei

American Economic Review, November 2019

This paper describes a paradox of global thrift. Consider a world in which interest rates are low and monetary policy is constrained by the zero lower bound. Now imagine that governments implement prudential financial and fiscal policies to stabilize the ...

Finance and Economic Development in the Very Long Run: A Review Essay

By Yongseok Shin

Journal of Economic Literature, December 2018

I review William N. Goetzmann's Money Changes Everything: How Finance Made Civilization Possible. This magnificent book offers insightful coverage of more than 5,000 years of human history under the theme of "how finance made civilization possi...

An Efficient Ascending-Bid Auction for Multiple Objects: Comment

By Noriaki Okamoto

American Economic Review, February 2018

Ausubel (2004) introduces a new ascending-bid auction rule for multiple homogeneous objects, called the Ausubel auction, which is a dynamic counterpart of the Vickrey auction. He claims that in the Ausubel auction with private values, sincere bidding by a...

Book Reviews

Journal of Economic Literature, March 2011

Links to individual book reviews now available online.