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A Nation of Laws, and Race Laws

By Nina Banks and Warren C. Whatley

Journal of Economic Literature, June 2022

This article reviews the history of race laws in the United States as distinct from the rule of law, an idea found in the writing and speeches of Sadie Tanner Mossell Alexander, the first African American PhD in economics (1921). We review the race laws o...

Black Economists on Race and Policy: Contributions to Education, Poverty and Mobility, and Public Finance

By Dania V. Francis, Bradley L. Hardy, and Damon Jones

Journal of Economic Literature, June 2022

We explore the contributions of Black economists to research on major economic and social policy problems in the United States. We focus on applications in education, poverty and economic mobility, and public finance to extract common themes and patterns....

Satisficing: Integrating Two Traditions

By Florian M. Artinger, Gerd Gigerenzer, and Perke Jacobs

Journal of Economic Literature, June 2022

In 1955, Herbert Simon introduced the notion of satisficing: an agent satisfices by searching for an alternative that meets an aspiration level but does not optimize. We survey more than 60 years of advances in understanding satisficing in economics, psyc...

Why Have College Completion Rates Increased?

By Jeffrey T. Denning, Eric R. Eide, Kevin J. Mumford, Richard W. Patterson, and Merrill Warnick

American Economic Journal: Applied Economics, July 2022

We document that college completion rates have increased since the 1990s, after declining in the 1970s and 1980s. We find that most of the increase in graduation rates can be explained by grade inflation and that other factors, such as changing student ch...

Do Doctors Improve the Health Care of Their Parents? Evidence from Admission Lotteries

By Elisabeth Artmann, Hessel Oosterbeek, and Bas van der Klaauw

American Economic Journal: Applied Economics, July 2022

To assess the importance of unequal access to medical expertise and services, we estimate the causal effects of having a child who is a doctor on parents' mortality and health care use. We use data from parents of almost 22,000 participants in admission l...