How good is popular financial advice?

[Research Highlight]

December 11, 2022

James Choi discusses how advice from popular financial authors differs from the theories and models of academic economists.

Social Media and Mental Health

By Luca Braghieri, Ro'ee Levy, and Alexey Makarin

American Economic Review, November 2022

We provide quasi-experimental estimates of the impact of social media on mental health by leveraging a unique natural experiment: the staggered introduction of Facebook across US colleges. Our analysis couples data on student mental health around the year...

Deaths of Despair and the Future of Capitalism

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San Diego Marriott Marquis and Marina, Grand Ballroom 5-6 Chair: Angus Deaton, Princeton University Panelists: Anne Case, Princeton University; Robert D. Putnam, Harvard University; Raghuram Rajan, University of Chicago; Kenneth Rogoff, Harvard University

2022 in Featured Charts

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Economists tackled inequality, political turnover, air pollution, and more.

ASSA 2020 Live Webcasts of Selected AEA Sessions

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Live streams will be available starting at 10:15 a.m. PST on January 3rd.

2022 in Research Highlights

[Research Highlight]

December 13, 2022

Economists addressed the returns to an economics degree, why workers in bigger cities have higher wages, grade inflation, and more.

Front Matter

American Economic Review, January 2023

Conflict and Intergroup Trade: Evidence from the 2014 Russia-Ukraine Crisis

By Vasily Korovkin and Alexey Makarin

American Economic Review, January 2023

Does armed conflict reduce trade, even in noncombat areas, through the destruction of intergroup social capital? We analyze Ukrainian trade transactions before and after the 2014 Russia-Ukraine conflict. In a difference-in-differences framework, we find t...

What Caused Racial Disparities in Particulate Exposure to Fall? New Evidence from the Clean Air Act and Satellite-Based Measures of Air Quality

By Janet Currie, John Voorheis, and Reed Walker

American Economic Review, January 2023

This project links administrative census microdata to spatially continuous measures of particulate pollution (PM2.5) to first document and then decompose the key drivers of convergence in black-white pollution exposure differences. We use quantile regress...

Judging Judge Fixed Effects

By Brigham Frandsen, Lars Lefgren, and Emily Leslie

American Economic Review, January 2023

We propose a nonparametric test for the exclusion and monotonicity assumptions invoked in instrumental variable (IV) designs based on the random assignment of cases to judges. We show its asymptotic validity and demonstrate its finite-sample performance i...