Neuroeconomics: A Comment on Bernheim

By Joel Sobel

American Economic Journal: Microeconomics, August 2009

This paper comments on "On the Potential of Neuroeconomics: A Critical (but Hopeful) Appraisal" by B. Douglas Bernheim. (JEL D01, D87)

Capital Mobility in NeoClassical Models of Growth: Comment

By Petr Duczynski

American Economic Review, June 2000

SSI for Disabled Immigrants: Why Do Ethnic Networks Matter?

By Delia Furtado and Nikolaos Theodoropoulos

American Economic Review, May 2013

Immigrants residing among many coethnics are especially likely to receive SSI for a disability when they belong to high SSI take-up immigrant groups. After showing that this relationship cannot be fully explained by differences in health, we consider the ...

Firm-Specific Human Capital as a Shared Investment: Comment

By Edwin Leuven and Hessel Oosterbeek

American Economic Review, March 2001

Fertility and Wars: The Case of World War I in France

By Guillaume Vandenbroucke

American Economic Journal: Macroeconomics, April 2014

During World War I the birth rate in France fell by 50%. Why? I build a model of fertility choices where the war implies a positive probability that a wife remains alone, a partially-compensated loss of a husband's income, and a temporary decline in pr...

No Child Left Behind: Subsidized Child Care and Children's Long-Run Outcomes

By Tarjei Havnes and Magne Mogstad

American Economic Journal: Economic Policy, May 2011

Many developed countries are currently considering a move toward subsidized, widely accessible child care or preschool. However, studies on how large-scale provision of child care affects child development are scarce, and focused on short-run outcomes. We...

Dynamic Asset Pricing in a System of Local Housing Markets

By Patrick Bayer, Bryan Ellickson, and Paul B. Ellickson

American Economic Review, May 2010

How Relevant Is Malthus for Economic Development Today?

By David N. Weil and Joshua Wilde

American Economic Review, May 2009

Environmental Regulation and Labor Reallocation: Evidence from the Clean Air Act

By W. Reed Walker

American Economic Review, May 2011

This paper uses newly available data on plant level regulatory status linked to the Census Longitudinal Business Database to measure the impact of changes in county level environmental regulations on plant and sector employment levels. Estimates from a va...

Household Asset Allocation, Offspring Education, and the Sandwich Generation

By Vicki L. Bogan

American Economic Review, May 2015

This paper finds households with children and elderly dependents, the "Sandwich Generation," significantly reduce both college savings and stockholding. Having any elderly dependents decreases the probability of both stockholding and college savings by tw...

Is School Segregation Good or Bad?

By Federico Echenique, Roland G. Fryer Jr., and Alex Kaufman

American Economic Review, May 2006

A Symposium on the North American Economy

[Symposium: The North American Economy]

By J. Bradford De Long

Journal of Economic Perspectives, Winter 2001

Report of the Editor: American Economic Journal: Microeconomics

By Andrew Postlewaite

American Economic Review, May 2011

Fiscal Policy and the Great Recession in the Euro Area

By Günter Coenen, Roland Straub, and Mathias Trabandt

American Economic Review, May 2012

How much did fiscal policy contribute to euro area real GDP growth during the Great Recession? We estimate that discretionary fiscal measures have increased annualized quarterly real GDP growth during the crisis by up to 1.6 percentage points. We obtain o...

Expectation Damages, Divisible Contracts, and Bilateral Investment

By Susanne Ohlendorf

American Economic Review, September 2009

This paper examines the efficiency of expectation damages as a breach remedy in a bilateral trade setting with renegotiation and relationship-specific investment by the buyer and the seller. As demonstrated by Edlin and Reichelstein (1996), no contract th...

Bequest and Wealth Accumulation: Are Some Pieces of the Puzzle Missing?

By Denis Kessler and Andre Masson

Journal of Economic Perspectives, Summer 1989

The lively debate between Laurence J. Kotlikoff and Franco Modigliani presented in the Spring 1988 issue of this journal concerns an old question: what is the main motivation for saving and therefore for the accumulation of wealth? More specifically, what...

Doubts About the McKinnon Standard

By Rudiger Dornbusch

Journal of Economic Perspectives, Winter 1988

[This paper responds to "Monetary and Exchange Rate Policies for International Financial Stability: A Proposal," by Ronald I. McKinnon, in this same issue.] For over ten years, Ronald McKinnon has advocated a new monetary system centered on fixed exchange...

The Credit Crisis: Conjectures about Causes and Remedies

By Douglas W. Diamond and Raghuram G. Rajan

American Economic Review, May 2009

Retrospectives: Consumer Sovereignty

By Joseph Persky

Journal of Economic Perspectives, Winter 1993

The term "consumer sovereignty" is usually traced to William Harold Hutt and his 1936 book Economists and the Public: A Study of Competition and Opinion. Hutt paid only passing attention to the maximization of consumer welfare or the achievement of market...

A Comment on the Economics of Labor Adjustment: Mind the Gap: Rejoinder

By Russell Cooper and Jonathan L. Willis

American Economic Review, September 2004