Universities Classified as R1 in the Carnegie Classification of Institutions of Higher Education®

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Reputation Effects with Endogenous Records

By Harry Pei

American Economic Journal: Microeconomics

I study how the ability to erase records affects patient players’ returns from building reputations. In my model, a patient seller interacts with a sequence of myopic consumers. The seller is either an honest type who always exerts effort and never er...

Economics Job Market "Scramble" for new PhDs

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ASSA 2027 Annual Meeting

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Elite Universities and the Intergenerational Transmission of Human and Social Capital

By Andrés Barrios-Fernández, Christopher Neilson, and Seth Zimmerman

American Economic Review

Do elite colleges help talented students join the social elite, or help incumbent elites retain their positions? We combine intergenerationally-linked data from Chile with a regression discontinuity design to show that, looking across generations, elite...

Quality Adjustment at Scale: Hedonic vs. Exact Demand-Based Price Indices

By Gabriel Ehrlich, John Haltiwanger, Ron Jarmin, David Johnson, Ed Olivares, Luke Pardue, Matthew D. Shapiro, and Laura Yi Zhao

American Economic Review

Item-level transactions data yield cost-of-living indices that can account for quality change and consumer substitution. Transactions data require confronting the rapid turnover of items because prices of new and existing products are interrelated in eq...

Production and Financial Networks in Interplay

By Kenan Huremović, Gabriel Jiménez, Enrique Moral-Benito, José-Luis Peydró, and Fernando Vega-Redondo

American Economic Review

We show that bank credit shocks to firms propagate along the production network, with stronger upstream than downstream effects. Our identification relies on: (i) administrative datasets from Spain covering supplier-customer transactions and bank loans...

Editorial Policy

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Style Guide

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Review these formatting and style guidelines for accepted manuscripts.

Random Utility with Unobservable Alternatives

By Haruki Kono, Kota Saito, and Alec Sandroni

American Economic Review

The random utility model (RUM), a cornerstone in economics, is typically studied under the assumption that choice frequencies of all alternatives are observable. In practice, however, some alternatives have unobservable choice frequencies and are commo...

Uncertainty and Change: Survey Evidence of Firms’ Subjective Beliefs

By Rüdiger Bachmann, Kai Carstensen, Stefan Lautenbacher, Manuel Menkhoff, and Martin Schneider

American Economic Review

This paper studies how managers plan under uncertainty. In a new panel survey of German manufacturing firms, we observe both forecasts of sales growth and a quantitative measure of subjective uncertainty. We show that subjective uncertainty reflects c...

Cool Cities: The Value of Urban Trees

By Lu Han, Stephan Heblich, Christopher Timmins, and Yanos Zylberberg

American Economic Review: Insights

As urban populations grow, more people face extreme heat, increasing demand for natural cooling. Urban trees offer various amenities, including cooling benefits, yet their economic value is hard to quantify. This paper estimates the implicit value of u...

Christopher Sims (1942–2026)

[News]

March 16, 2026

Economics profession saddened by loss of Nobel laureate and former AEA president.

Math Preparation for Graduate School

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What do you need to be ready for grad school?

Program Rankings

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How graduate programs stack up.

Graduate Degrees in Economics

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Which program is right for you?

Funding Opportunities for Graduate School

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Find fellowships and grants.

Understanding the Job Market

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What happens after grad school?

EconSpark: AEA Economics Discussion Forum

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Considerations for Prospective Graduate Students in Economics

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