Who Profits from Amateurism? Rent Sharing in Modern College Sports

By Craig Garthwaite, Nicole Holz, Jordan Keener, and Matthew Notowidigdo

American Economic Journal: Applied Economics, October 2026

Intercollegiate amateur athletics in the United States have historically prevented student-athletes from receiving market wages, creating substantial economic rents that are primarily generated by men's football and basketball programs. Using financial da...

Detection of Collusive Networks in Multistage Auctions

By Bruno Baránek, Leon Musolff, and Vítězslav Titl

American Economic Journal: Applied Economics, October 2026

We develop a method for detecting cartels in multistage auctions. Our approach allows firms to act collusively against cartel members yet competitively otherwise. In these auctions, bidders submit initial bids and can later revise them downward. As initia...

From Access to Achievement: The Primary School-Age Impacts of an At-Scale Preschool Construction Program in Highly Deprived Communities

By Marina Bassi, Bruno Besbas, Lelys Dinarte-Diaz, Saravana Ravindran, and Ana Reynoso

American Economic Journal: Applied Economics, October 2026

We evaluate a large-scale public preschool construction program in deprived rural communities in Mozambique using a randomized controlled trial. The program increased preschool enrollment from 2 to 75 percent, improved primary school enrollment and progre...

All Roads Lead to Rome: Global Air Connectivity and Bilateral Trade

By Zheng Wang, Feicheng Wang, and Zhuo Zhou

American Economic Journal: Applied Economics, October 2026

Using itinerary-level global air traffic data, this paper proposes a novel instrumental variable to estimate the effect of in-person interactions on bilateral trade. By exploiting exogenous variations in air connectivity that are driven by third-country c...

Money, Time, and Grant Design

By Kyle Myers and Wei Yang Tham

American Economic Journal: Applied Economics, October 2026

We conduct survey experiments to test how the design of scientific grants—the money and time awarded—can be used to manage researchers. On average, researchers are relatively unwilling to trade off money for time when choosing among grants. However, t...

Do Workfare Programs Live Up to Their Promises? Experimental Evidence from Côte d'Ivoire

By Marianne Bertrand, Bruno Crépon, Alicia Marguerie, and Patrick Premand

American Economic Journal: Applied Economics, October 2026

We study contemporaneous and post-program impacts of a public works program which provides urban youth seven months of employment at the formal minimum wage with complementary training in entrepreneurship or job search. During the program, the employment ...

Globalization, Capital Taxation, and Development: Evidence from a Macrohistorical Database

By Pierre Bachas, Matthew Fisher-Post, Anders Jensen, and Gabriel Zucman

American Economic Journal: Applied Economics, October 2026

This paper builds and analyzes a new global macrohistorical database of effective tax rates on capital and labor in 154 countries. We establish a new stylized fact: While effective capital tax rates fell in developed countries between 1965 and 2018, they ...

Disastrous Displacement: The Long-Run Impacts of Landslides

By Travis Baseler and Jakob Hennig

American Economic Journal: Applied Economics, October 2026

Natural disasters displace millions of people a year, but their economic impacts are difficult to study when the affected population becomes dispersed. This paper estimates the long-run impacts of six landslides in Uganda on nearly the full affected popul...

Innovation through Inventor Mobility: Evidence from Noncompete Agreements

By Kate Reinmuth and Emma Rockall

American Economic Journal: Applied Economics, October 2026

Proponents of labor mobility restrictions argue that innovation incentives more than offset harm to workers. Yet the causal effect of such policies on innovation is an open empirical question. Leveraging plausibly exogenous state-level changes in the enfo...

University as a Melting Pot: Long-Term Effects of Internationalization

By Stanislav Avdeev

American Economic Journal: Applied Economics, October 2026

This paper provides the first evidence on the impact of exposure to international students on the long-term outcomes of native students. I combine unique survey and administrative data from the Netherlands covering one million students across three decade...

Deadwood Labor? The Effects of Eliminating Employment Protection for Older Workers

By Emmanuel Saez, Benjamin Schoefer, and David Seim

American Economic Journal: Applied Economics, October 2026

We analyze mandatory retirement in Sweden, which eliminates employment protection at age 67. Employment falls by about 10 percent and total average earnings by about 20 percent immediately at age 67. Eight percent of jobs separate immediately due to loss ...

Designing Incentives for Impatient People: An RCT Promoting Exercise to Manage Diabetes

By Shilpa Aggarwal, Rebecca Dizon-Ross, and Ariel Zucker

American Economic Journal: Applied Economics, October 2026

Many people are impatient. We introduce domain-specific discounting to a contracting model and test a strategy for improving incentives when people are impatient over effort: implement time-bundled contracts that make the payment for future effort ...

Early Grade Retention Harms Adult Earnings

By Jiee Zhong

American Economic Journal: Applied Economics, October 2026

This paper provides new causal evidence on the effects of grade retention on educational attainment, behavioral outcomes, and labor market performance by analyzing Texas's reading test–based retention policy. Using a fuzzy regression discontinuity desig...

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Sources of Market Power in Web Search: Evidence from a Field Experiment

By Hunt Allcott, Juan Camilo Castillo, Matthew Gentzkow, Leon Musolff, and Tobias Salz

American Economic Review

We study the forces behind Google’s large web-search market share. We develop a demand model with switching costs, quality beliefs, and inattention, and estimate it using a field experiment. We find that (i) requiring active choice barely increases Bi...

Symposium on Global Climate Change

[Symposium: Global Climate Change]

By Richard Schmalensee

Journal of Economic Perspectives, Fall 1993

Global climate change, and policies to slow it or adapt to it, may be among the primary forces shaping the world's economy throughout the next century and beyond. Nonetheless, popular treatments of this issue commonly ignore economics. This introductory e...

Reflections on the Economics of Climate Change

[Symposium: Global Climate Change]

By William D. Nordhaus

Journal of Economic Perspectives, Fall 1993

My purpose here is to provide a non-technical introduction to the economics of climate change. I will sketch the scientific background and uncertainties, survey the results of existing studies of the impacts of climate change, present a summary of a study...

Costs of Reducing Global Carbon Emissions

[Symposium: Global Climate Change]

By John P. Weyant

Journal of Economic Perspectives, Fall 1993

Projecting the costs of reducing carbon emissions is extremely important, and exceedingly difficult. Such projections are an integral component of cost-benefit analyses of alternative policies in response to climate change. This paper first discusses the ...

Global Warming Policy: A Public Finance Perspective

[Symposium: Global Climate Change]

By James M. Poterba

Journal of Economic Perspectives, Fall 1993

In the last few years, a substantial volume of research has considered the design of taxes to slow greenhouse gas emissions as well as the economic effects of such policies. In this paper, I summarize the insights that have emerged from this work. I begin...

Global Environmental Risks

[Symposium: Global Climate Change]

By Graciela Chichilnisky and Geoffrey Heal

Journal of Economic Perspectives, Fall 1993

We consider the economics of global environmental risks. In this area, we are dealing with risks that are poorly understood, endogenous, collective, and irreversible. In policy terms, the nature and extent of uncertainty about global climate change implie...