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The Life Cycle of Businesses and Their Internal Organization

By Elizabeth Weber Handwerker, Sara Moreira, and David Piccone Jr.

AEA Papers and Proceedings, May 2021

We document new stylized facts on the occupational mix of businesses in the United States and how their internal organization evolves over their life cycles. Our main empirical finding is that younger businesses have fewer hierarchical layers and lower sp...

www.aeaweb.org/articles?id=10.1257/pandp.20211121

Immigration Enforcement and the Hiring of Low-Skilled Labor

By Catalina Amuedo-Dorantes, Esther Arenas-Arroyo, and Bernhard Schmidpeter

AEA Papers and Proceedings, May 2021

We examine how firms adjust their labor demand to immigration policy changes resulting from intensified interior immigration enforcement. Using the temporal and geographic variation in the adoption of such policies as a source of identification, we find t...

www.aeaweb.org/articles?id=10.1257/pandp.20211115

Hurricane Maria and La Crisis Boricua on Health-Care Supply in Puerto Rico

By Jose M. Fernandez

AEA Papers and Proceedings, May 2021

Many medical professionals left Puerto Rico due to the financial crisis. Puerto Rico passed Act 14 in April 2017 to mitigate the exodus of physicians, reducing the flat tax on medical services to 4 percent. The same year, Puerto Rico was devastated by a C...

www.aeaweb.org/articles?id=10.1257/pandp.20211116

Notes

Journal of Economic Perspectives, Summer 2004

www.aeaweb.org/articles?id=10.1257/0895330042162368

Pandemic Protocols, Native Nutrition: Grocery Store Access from American Indian Reservations during COVID-19

By Luis Quintero, Emilia Simeonova, and Randall Akee

AEA Papers and Proceedings, May 2021

Native Americans have 3.5 times the COVID-19 infection rate and 1.5 times the death rate of non-Hispanic Whites. We demonstrate that social distancing policies may have unanticipated effects on behaviors. We estimate the effect of nonpharmaceutical interv...

www.aeaweb.org/articles?id=10.1257/pandp.20211117

Investor Herding and Spillovers in African Debt Markets

By Hanan Morsy, Eman Moustafa, Tiguene Nabassaga, and Mustafa Yenice

AEA Papers and Proceedings, May 2021

Using high-frequency data for sovereign long-term bond yields and five-year credit default swap spreads, we estimate a regression model to identify a nonlinear link between cross-section deviation of market yield and extreme movements in African markets a...

www.aeaweb.org/articles?id=10.1257/pandp.20211118

Inference for Support Vector Regression under ℓ₁ Regularization

By Yuehao Bai, Hung Ho, Guillaume A. Pouliot, and Joshua Shea

AEA Papers and Proceedings, May 2021

We provide large-sample distribution theory for support vector regression (SVR) with ℓ1-norm along with error bars for the SVR regression coefficients. Although a classical Wald confidence interval obtains from our theory, its implementation ...

www.aeaweb.org/articles?id=10.1257/pandp.20211035

The Proximal Bootstrap for Finite-Dimensional Regularized Estimators

By Jessie Li

AEA Papers and Proceedings, May 2021

We propose a proximal bootstrap that can consistently estimate the limiting distribution of √n consistent estimators with nonstandard asymptotic distributions in a computationally efficient manner by formulating the proximal bootstrap estimator as the s...

www.aeaweb.org/articles?id=10.1257/pandp.20211036

Adversarial Inference Is Efficient

By Tetsuya Kaji, Elena Manresa, and Guillaume A. Pouliot

AEA Papers and Proceedings, May 2021

We study properties of the adversarial framework, introduced in Kaji, Manresa and Pouliot (2020). We show that the adversarial inference with an oracle classifier is statistically efficient. In addition, we study the finite sample properties of the advers...

www.aeaweb.org/articles?id=10.1257/pandp.20211037

Estimation and Inference by Stochastic Optimization: Three Examples

By Jean-Jacques Forneron and Serena Ng

AEA Papers and Proceedings, May 2021

This paper illustrates two algorithms designed in Forneron and Ng (2020): the resampled Newton-Raphson (rNR) and resampled quasi-Newton (rQN) algorithms, which speed up estimation and bootstrap inference for structural models. An empirical application to ...

www.aeaweb.org/articles?id=10.1257/pandp.20211038

Minutes of the Annual Business Meeting via Zoom, January 3, 2021

By Peter L. Rousseau

AEA Papers and Proceedings, May 2021

www.aeaweb.org/articles?id=10.1257/pandp.111.633

Report of the Secretary

By Peter L. Rousseau

AEA Papers and Proceedings, May 2021

www.aeaweb.org/articles?id=10.1257/pandp.111.637

Report of the Treasurer

By Peter L. Rousseau

AEA Papers and Proceedings, May 2021

www.aeaweb.org/articles?id=10.1257/pandp.111.642

American Economic Association 2020–2021 Universal Academic Questionnaire Summary Statistics

By Charles E. Scott and John J. Siegfried

AEA Papers and Proceedings, May 2021

www.aeaweb.org/articles?id=10.1257/pandp.111.647

The Economic Future of Europe

[Symposium: The Transformation of Europe]

By Olivier Blanchard

Journal of Economic Perspectives, Fall 2004

After three years of near stagnation, the mood in Europe is definitely gloomy. Many doubt that the European model has a future. In this paper, I argue that things are not so bad, and there is room for optimism. Over the last thirty years, productivity gro...

www.aeaweb.org/articles?id=10.1257/0895330042632735