The Growing Gap in Life Expectancy: Using the Future Elderly Model to Estimate Implications for Social Security and Medicare

By Dana P. Goldman and Peter R. Orszag

American Economic Review, May 2014

Mortality gradients by education and income have been rising in the United States and elsewhere. However, their impact on Social Security progressivity has received relatively little attention, and the impact on Medicare has received effectively none. Thi...

Dividend Taxation and Corporate Governance

By Randall Morck and Bernard Yeung

Journal of Economic Perspectives, Summer 2005

In 2003, the United States enacted a tax reform that reduced, but did not eliminate, individual dividend income taxes. Cutting the dividend tax deprives corporate insiders of a justification for retaining earnings to build unprofitable corporate empires. ...

The Misallocation of Housing Under Rent Control

By Edward L. Glaeser and Erzo F. P. Luttmer

American Economic Review, September 2003

The standard analysis of price controls assumes that goods are efficiently allocated, even when there are shortages. But if shortages mean that goods are randomly allocated across the consumers that want them, the welfare costs from misallocation may be g...

Equality, Efficiency, and Market Fundamentals: The Dynamics of International Medical-Care Reform

By David M. Cutler

Journal of Economic Literature, September 2002

Public opinion surveys uniformly show low support for medical-care systems in developed countries. The longstanding conflict between equal access to care and efficient service provision partly explains this dissatisfaction. But the trade-off is particular...

Does Increasing Women's Schooling Raise the Schooling of the Next Generation?

By Jere R. Behrman and Mark R. Rosenzweig

American Economic Review, March 2002

Child-Adoption Matching: Preferences for Gender and Race

By Mariagiovanna Baccara, Allan Collard-Wexler, Leonardo Felli, and Leeat Yariv

American Economic Journal: Applied Economics, July 2014

This paper uses a new dataset on child-adoption matching to estimate the preferences of potential adoptive parents over US-born and unborn children relinquished for adoption. We identify significant preferences favoring girls and against African American ...

Naked Exclusion, Efficient Breach, and Downstream Competition

By John Simpson and Abraham L. Wickelgren

American Economic Review, September 2007

Previous papers by Eric B. Rasmusen, J. Mark Ramseyer, and John S. Wiley, Jr. (1991) and Ilya R. Segal and Michael D. Whinston (2000) argue that exclusive contracts can inefficiently deter entry in the presence of scale economies and multiple buyers. W...

Evolution and Intelligent Design

By Thomas J. Sargent

American Economic Review, March 2008

Who Will Fight? The All-Volunteer Army after 9/11

By Susan Payne Carter, Alexander A. Smith, and Carl Wojtaszek

American Economic Review, May 2017

Who fought the War on Terror? We find that as the wars in Iraq and Afghanistan progressed, there was an increase in the fraction of active-duty Army enlistees who were white or from high-income neighborhoods and that these two groups selected combat occup...

Nature versus Nurture: The Environment's Persistent Influence through the Modernization of American Agriculture

By Richard Hornbeck

American Economic Review, May 2012

Technological innovation in agriculture was substantial during the 20th century. Is "modern" technological control of the environment replacing a "primitive" dependency on natural advantages and disadvantages, or has agricultural production remained pers...

Comments on the Market Crash: Six Months After

[Symposium: Brady Commission Report on the October 1987 Stock Market Crash]

By Hayne Leland and Mark Rubinstein

Journal of Economic Perspectives, Summer 1988

Six months after the market crash of October 1987, we are still sifting through the debris searching for its cause. Two theories of the crash sound plausible -- one based on a market panic and the other based on large trader transactions -- though there i...

Increasing Income Inequality, External Habits, and Self-Reported Happiness

By Karen E. Dynan and Enrichetta Ravina

American Economic Review, May 2007

The Consumer Price Index: A Research Agenda and Three Proposals

[Symposium: Measuring the CPI]

By Robert A. Pollak

Journal of Economic Perspectives, Winter 1998

This paper argues that dealing with current concerns about the CPI within the framework of economic theory requires developing the theory of the cost-of-living index under more general assumptions than have thus far been standard. It examines three neglec...

Correspondence

Journal of Economic Perspectives, Summer 1998

A Rehabilitation of Monetary Policy in the 1950's

By Christina D. Romer and David H. Romer

American Economic Review, May 2002

What Is Middle Class about the Middle Classes around the World?

[Symposium: Development]

By Abhijit V. Banerjee and Esther Duflo

Journal of Economic Perspectives, Spring 2008

We expect a lot from the middle classes. At least three distinct arguments about the special economic role of the middle class are traditionally made. In one, new entrepreneurs armed with a capacity and a tolerance for delayed gratification emerge from th...

The Tyranny of Budget Forecasts

By J. D. Foster and James C. Miller

Journal of Economic Perspectives, Summer 2000

The evolving federal budget process has placed increasing demands on, and given unique powers to, the economic forecasters at OMB, Treasury, CBO, and the Joint Tax Committee of Congress. On the whole, the forecasters have been highly professional in their...

The Microsoft Case: What Can a Dominant Firm Do to Defend Its Market Position?

[Symposium: The Microsoft Case]

By Benjamin Klein

Journal of Economic Perspectives, Spring 2001

This paper examines the competitive actions taken by Microsoft in its "browser war" with Netscape, most importantly Microsoft's decisions to give away Explorer free of charge, integrate Explorer into its dominant Windows operating system and pay online se...

The Perseverance of Paul Samuelson's Economics

By Mark Skousen

Journal of Economic Perspectives, Spring 1997

A reflection of the economics profession through Paul Samuelson's Economics. Samuelson offers an uneasy mix of laissez faire in micro and government interventionism in macro. In earlier editions, Keynesian thinking dominated, with an antisaving, progovern...

JEL Classification System

Journal of Economic Literature, December 2013