Paying for Kidneys? A Randomized Survey and Choice Experiment

By Julio J. Elías, Nicola Lacetera, and Mario Macis

American Economic Review, August 2019

We conducted a randomized survey with 2,666 US residents to study preferences for legalizing payments to kidney donors. We found strong polarization, with many participants supporting or opposing payments regardless of potential transplant gains. However,...

The Long-Run Effects of Teacher Collective Bargaining

By Michael F. Lovenheim and Alexander Willén

American Economic Journal: Economic Policy, August 2019

We analyze how exposure to teacher collective bargaining affects long-run outcomes for students, exploiting the timing of state duty-to-bargain law passage in a cross-cohort difference-in-difference framework. Among men, exposure to a duty-to-bargain law ...

The Nexus of Monetary Policy and Shadow Banking in China

By Kaiji Chen, Jue Ren, and Tao Zha

American Economic Review, December 2018

We study how monetary policy in China influences banks' shadow banking activities. We develop and estimate the endogenously switching monetary policy rule that is based on institutional facts and at the same time tractable in the spirit of Taylor (1993). ...

Four Years Later: Insurance Coverage and Access to Care Continue to Diverge between ACA Medicaid Expansion and Non-Expansion States

By Sarah Miller and Laura R. Wherry

AEA Papers and Proceedings, May 2019

This paper evaluates the impact of the Affordable Care Act Medicaid expansions four years after implementation using data from the 2010-2017 National Health Interview Survey. We find that low-income adults in states that implemented the Medicaid expansion...

Labor Market Conditions and Discrimination: Is There a Link?

By Karl David Boulware and Kenneth N. Kuttner

AEA Papers and Proceedings, May 2019

This paper's goal is to determine whether the degree of labor market tightness affects the frequency of discrimination charges. State-level panel data on enforcement and litigation actions from the US Equal Employment Opportunity Commission, along with di...

Information and Communication in Organizations

By Inga Deimen and Dezsö Szalay

AEA Papers and Proceedings, May 2019

We study a constrained information design problem in an organization. A designer chooses the information structure. A sender with preferences different from the decision-maker observes and processes the information before he communicates with the decision...

Institutions and Emissions Trading in China

By Valerie Jean Karplus

AEA Papers and Proceedings, May 2018

Variation in the extent of state control in industry may affect China's efforts to establish a national emissions trading system (ETS) capable of supporting the implementation of the country's CO2 intensity reduction goals through 2030. This pa...

Front Matter

American Economic Review: Insights, December 2019

There Is No Free House: Ethnic Patronage in a Kenyan Slum

By Benjamin Marx, Thomas M. Stoker, and Tavneet Suri

American Economic Journal: Applied Economics, October 2019

Using unique data from one of Africa's largest informal settlements, the Kibera slum in Nairobi, we provide evidence of ethnic patronage in the determination of rental prices and investments. Slum residents pay higher rents and live in lower quality housi...

JEL Classification System

Journal of Economic Literature, March 2018

Monetary Policy Frameworks and the Effective Lower Bound on Interest Rates

By Thomas M. Mertens and John C. Williams

AEA Papers and Proceedings, May 2019

This paper applies a New Keynesian model to analyze monetary policy in the presence of a low natural rate of interest and a lower bound on interest rates. Under standard inflation-targeting, inflation expectations will be anchored at a level below the inf...

A New Look at Lake Wobegone: Who's in Your Canoe?

By Chris Bollinger, Tisha L. N. Emerson, Linda English, and Gail M. Hoyt

AEA Papers and Proceedings, May 2018

We re-examine the Lake Wobegon effect for reported GPA using data from students enrolled in principles of economics courses. Students are well known to over-report their GPA on surveys. In addition to standard measures of the mean difference, we extend th...

Gender Peer Effects in a Predominantly Male Environment: Evidence from West Point

By Nick Huntington-Klein and Elaina Rose

AEA Papers and Proceedings, May 2018

There is considerable interest in the success of women in overwhelmingly male environments. One hypothesized determinant of success is the increased presence of other women. However, the theoretical direction of this effect is uncertain. Previous studies ...

Training and Effort Dynamics in Apprenticeship

By Drew Fudenberg and Luis Rayo

American Economic Review, November 2019

A principal specifies time paths of effort provision, task allocation, and knowledge transfer for a cash-constrained apprentice, who is free to walk away at any time. In the optimal contract the apprentice pays for training by working for low or no wages ...

Report of the Secretary

By Peter L. Rousseau

AEA Papers and Proceedings, May 2019

Algorithmic Fairness

By Jon Kleinberg, Jens Ludwig, Sendhil Mullainathan, and Ashesh Rambachan

AEA Papers and Proceedings, May 2018

Concerns that algorithms may discriminate against certain groups have led to numerous efforts to 'blind' the algorithm to race. We argue that this intuitive perspective is misleading and may do harm. Our primary result is exceedingly simple, yet often ove...

Annotated Listing of New Books

Journal of Economic Literature, June 2018

The Identification Zoo: Meanings of Identification in Econometrics

By Arthur Lewbel

Journal of Economic Literature, December 2019

Over two dozen different terms for identification appear in the econometrics literature, including set identification, causal identification, local identification, generic identification, weak identification, identification at infinity, and many more. Thi...

Two-Sided Matching with (Almost) One-Sided Preferences

By Guillaume Haeringer and Vincent Iehlé

American Economic Journal: Microeconomics, August 2019

In a two-sided matching context we show how we can predict stable matchings by considering only one side's preferences and the mutually acceptable pairs of agents. Our methodology consists of identifying impossible matches, i.e., pairs of agents that can ...

Rationalizations and Mistakes: Optimal Policy with Normative Ambiguity

By Jacob Goldin and Daniel Reck

AEA Papers and Proceedings, May 2018

Behavior that appears to violate neoclassical assumptions can often be rationalized by incorporating an optimization cost into decision-makers' utility functions. Depending on the setting, these costs may reflect either an actual welfare loss for the deci...