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The Long Shadow of School Closures: Impacts on Students’ Educational and Labor Market Outcomes

By Jeonghyeok Kim

American Economic Journal: Economic Policy

Each year, about a thousand public schools in the US close, displacing hundreds of thousands of students. I examine the impact of public school closures on displaced students using linked schooling and labor market data from Texas. Using within-school a...

www.aeaweb.org/articles?id=10.1257/pol.20240815

Firm Heterogeneity, Market Power and Macroeconomic Fragility

By Alessandro Ferrari and Francisco Queirós

American Economic Journal: Macroeconomics

We study how firm heterogeneity and market power affect macroeconomic fragility, defined as the probability of long slumps. We propose a theory where the positive interaction between firm entry, competition, and factor supply can give rise to multiple ste...

www.aeaweb.org/articles?id=10.1257/mac.20230033

Warming with Borders: Forced Climate Migration and Carbon Pricing

By Maria Alsina-Pujols

American Economic Journal: Macroeconomics

As climate changes and natural disasters intensify, the threat of human displacement increases. This paper studies carbon taxation in the presence of international climate displacement. After providing evidence on the migration response to disasters, ...

www.aeaweb.org/articles?id=10.1257/mac.20240405

‘Identify the Expert’: an Experimental Study in Economic Advice

By Theodore Alysandratos, Aris Boukouras, Sotiris Georganas, and Zacharias Maniadis

American Economic Journal: Microeconomics

In a novel ‘identify the Expert’ task, participants receive suggested answers by two advisors. They know one is high-accuracy and recommends answers reflecting the academic consensus (‘Expert’). The other is low-accuracy and recommends the moda...

www.aeaweb.org/articles?id=10.1257/mic.20240174

Humans in the Loop: The Next Frontier in the Credibility Revolution

By Megan T. Stevenson and Joshua B. Fischman

Journal of Economic Literature

Something is amiss in empirical economics. Despite the advances of the credibility revolution, published estimates tend to be inflated and overconfident. We argue that this stems from a weakness in the dominant econometric framework: treating the research...

www.aeaweb.org/articles?id=10.1257/jel.20251775

The effect of parental death on individual earnings

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The sudden death of a parent has a significant impact on labor earnings, but affects men and women differently.

www.aeaweb.org/research/chart/parental-death-labor-market

A Theory of Price Caps on Non-Renewable Resources

By Simon Johnson, Lukasz Rachel, and Catherine Wolfram

American Economic Review

What is the optimal response of a resource exporter when a price cap is imposed on its main export? This paper develops a dynamic framework incorporating stochastic prices, financial frictions, and market power to study this novel tool of statecraft. W...

www.aeaweb.org/articles?id=10.1257/aer.20250064

CSMGEP: Mentoring Program

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www.aeaweb.org/about-aea/committees/csmgep/mentoring

Article SGML Generator

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www.aeaweb.org/journals/articles/sgml

AEA Committees

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Learn about the Committees of the American Economic Association.

www.aeaweb.org/about-aea/committees

Social-Science Genomics: Progress, Challenges, and Future Directions

By Daniel J. Benjamin, David Cesarini, Patrick Turley, and Alexander Strudwick Young

Journal of Economic Literature

Rapid progress has been made in identifying links between human genetic variation and social and behavioral phenotypes. Applications in mainstream economics are beginning to emerge. This review aims to provide the background needed to bring the interested...

www.aeaweb.org/articles?id=10.1257/jel.20261604

Oil Prices, Monetary Policy and Inflation Surges

By Luca Gagliardone and Mark Gertler

American Economic Journal: Macroeconomics

We develop a simple quantitative New Keynesian model aimed at analyzing how the reaction of monetary policy contributed to the recent rise and fall in inflation. The model includes several shocks but features oil price shocks for two reasons: (i) energy p...

www.aeaweb.org/articles?id=10.1257/mac.20240295