Recommendations for Further Reading

By Timothy Taylor

Journal of Economic Perspectives, Summer 2021

Data Watch: The American Time Use Survey

By Daniel S. Hamermesh, Harley Frazis, and Jay Stewart

Journal of Economic Perspectives, Winter 2005

We discuss the new American Time Use Survey (ATUS), an on-going household survey of roughly 1,200 Americans per month (1,800 per month in the first year, 2003) that collects time diaries as well as demographic interview information from respondents who ha...

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Winter 2005

Comments

Journal of Economic Perspectives, Winter 2005

Notes

Journal of Economic Perspectives, Winter 2005

Front Matter

American Economic Review: Insights, September 2021

The Long-Run Effects of School Racial Diversity on Political Identity

By Stephen B. Billings, Eric Chyn, and Kareem Haggag

American Economic Review: Insights, September 2021

How do early-life experiences shape political identity? We examine the end of race-based busing in Charlotte-Mecklenburg Schools, an event that led to large changes in school racial composition. Using administrative data, we compare party affiliation in a...

The Difficulty of Easy Projects

By Wioletta Dziuda, A. Arda Gitmez, and Mehdi Shadmehr

American Economic Review: Insights, September 2021

We consider binary private contributions to public good projects that succeed when the number of contributors exceeds a threshold. We show that for standard distributions of contribution costs, valuable threshold public good projects are more likely to su...

Measuring Technological Innovation over the Long Run

By Bryan Kelly, Dimitris Papanikolaou, Amit Seru, and Matt Taddy

American Economic Review: Insights, September 2021

We use textual analysis of high-dimensional data from patent documents to create new indicators of technological innovation. We identify important patents based on textual similarity of a given patent to previous and subsequent work: these patents are d...

Waning Immunity and the Second Wave: Some Projections for SARS-CoV-2

By Chryssi Giannitsarou, Stephen Kissler, and Flavio Toxvaerd

American Economic Review: Insights, September 2021

This paper offers projections of future transmission dynamics for SARS-CoV-2 in an SEIRS model with demographics and waning immunity. In a stylized optimal control setting calibrated to the United States, we show that the disease is endemic in steady stat...

Jacks of All Trades and Masters of One: Declining Search Frictions and Unequal Growth

By Paolo Martellini and Guido Menzio

American Economic Review: Insights, September 2021

Declining search frictions generate productivity growth by allowing workers to find jobs for which they are better suited. For "jacks of all trades"—workers whose productivity is similar across different jobs in their labor market—declining search fri...

A Behavioral Characterization of the Likelihood Ratio Order

By Maximilian Mihm and Lucas Siga

American Economic Review: Insights, September 2021

It is well known that stochastic dominance is equivalent to a unanimity property for monotone expected utilities. For lotteries over a finite set of prizes, we establish an analogous relationship between likelihood ratio dominance and monotone betweenness...

A Simple Planning Problem for COVID-19 Lock-down, Testing, and Tracing

By Fernando Alvarez, David Argente, and Francesco Lippi

American Economic Review: Insights, September 2021

We study the optimal lock-down for a planner who controls the fatalities of COVID-19 while minimizing the output costs of the lock-down. The policy prescribes a severe lock-down beginning a few weeks after the outbreak, covering almost 50 percent of the p...

Shortfalls in the Long Run: Predictions about the Social Security Trust Fund

[Symposium: Social Security Reform]

By James R. Hines Jr. and Timothy Taylor

Journal of Economic Perspectives, Spring 2005

Many proposals for addressing the long-term issues of Social Security involve benefit reductions both in Disability Insurance and in Old Age and Survivors Insurance. However, the proposals in the papers that follow in this symposium do not alter the long-...

Is the Supply of Charitable Donations Fixed? Evidence from Deadly Tornadoes

By Tatyana Deryugina and Benjamin M. Marx

American Economic Review: Insights, September 2021

Do natural disasters increase charitable giving or simply reallocate a fixed supply of donations? We study this question using Internal Revenue Service data in the context of deadly tornadoes. We find that among zip codes located in the same state but mor...

Front Matter

American Economic Review, September 2021

Inattention and Switching Costs as Sources of Inertia in Medicare Part D

By Florian Heiss, Daniel McFadden, Joachim Winter, Amelie Wuppermann, and Bo Zhou

American Economic Review, September 2021

Consumers' health plan choices are highly persistent even though optimal plans change over time. This paper separates two sources of inertia, inattention to plan choice and switching costs. We develop a panel data model with separate attention and choice ...

The Risk-Adjusted Carbon Price

By Ton S. van den Bremer and Frederick van der Ploeg

American Economic Review, September 2021

The social cost of carbon is the expected present value of damages from emitting one ton of carbon today. We use perturbation theory to derive an approximate tractable expression for this cost adjusted for climatic and economic risk. We allow for differen...

Implementation by Vote-Buying Mechanisms

By Jon X. Eguia and Dimitrios Xefteris

American Economic Review, September 2021

Vote-buying mechanisms allow agents to express any level of support for their preferred alternative at an increasing cost. Focusing on large societies with wealth inequality, we prove that the family of binary social choice rules implemented by well-behav...

Mortgage Prepayment and Path-Dependent Effects of Monetary Policy

By David Berger, Konstantin Milbradt, Fabrice Tourre, and Joseph Vavra

American Economic Review, September 2021

How much ability does the Fed have to stimulate the economy by cutting interest rates? We argue that the presence of substantial debt in fixed-rate, prepayable mortgages means that the ability to stimulate the economy by cutting interest rates depends not...