Why did productivity drop after the Great Recession?

[Research Highlight]

July 12, 2019

Was it just bad luck, or was there something about how businesses responded that drove the slowdown?

Coping without benefits

[Page]

What happens to household spending when unemployment insurance dries up?

Failures in Contingent Reasoning: The Role of Uncertainty

By Alejandro Martínez-Marquina, Muriel Niederle, and Emanuel Vespa

American Economic Review, October 2019

We propose a new channel to account for the difficulties of individuals with contingent reasoning: the presence of uncertainty. When moving from an environment with one state of known value to one with multiple possible values, two changes occur. First, t...

Equilibrium Effects of Firm Subsidies

By Martin Rotemberg

American Economic Review, October 2019

Subsidy programs have two countervailing effects on firms: direct gains for eligible firms and indirect losses for those whose competitors are eligible. In 2006, India changed the eligibility criteria for small-firm subsidies, and the sales of newly eligi...

Meeting the needs of the elderly

[Research Highlight]

June 26, 2019

What should state governments do to improve the quality of nursing homes? Pennsylvania may offer some lessons.

Leave no neighborhood behind

[Research Highlight]

October 01, 2019

Funding formulas for charter schools should be tied to the cost of educating students.

Call for Chapters - Redefining the Theory of the Firm

[News]

September 05, 2019

Proposals are due October 31, 2019 and full chapters are due January 9, 2020.

Bargaining the future

[Research Highlight]

September 17, 2019

Unions provide protections for teachers, but how do they affect students over the long run?

The downside of universal child care

[Page]

Plenty of research finds positive effects of early childhood education. But can it ever have negative consequences?

2020 Rand Summer Institute

[News]

October 11, 2019

The Summer Institute will be held on July 6-9, 2020 in Santa Monica, CA.

Tariffs and tearing up trade agreements

[Research Highlight]

October 10, 2019

What would ending NAFTA and Brexit do to car industries around the world?

Can trade policy drive economic development?

[Research Highlight]

March 26, 2016

The role of trade in South Korea’s economic growth miracle

Congratulations to Abhijit Banerjee, Esther Duflo, and Michael Kremer on Being Awarded the 2019 Nobel Prize in Economic Sciences

[News]

October 14, 2019

AER editor Duflo, youngest ever to receive the award, lauded with Banerjee and Kremer for transforming developmental economics.

Staying put or moving on?

[Page]

A housing law in San Francisco offers lessons for today’s rent-control debates.

2019 China International Conference in Economics

[News]

October 15, 2019

The job market will be held in Beijing from December 13-15, 2019.

Sovereign saviors

[Research Highlight]

October 01, 2019

European domestic banks were more likely to buy bonds issued by their governments when default looked imminent. What persuaded them?

Mission insurance

[Research Highlight]

October 17, 2019

Sometimes foundations should invest in the unethical companies they’re trying to undercut.

Blue-collar blues

[Page]

How does the decline of manufacturing jobs affect marriage prospects for young men?

Weighing the impacts of fracking

[Research Highlight]

October 11, 2019

How should local communities think about the economic and welfare consequences of natural gas development?

Why are interest rates so low?

[News]

October 24, 2019

As baby boomers save for retirement, they may be pushing down returns.