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The Historically Evolving Impact of the Ogallala Aquifer: Agricultural Adaptation to Groundwater and Drought

By Richard Hornbeck and Pinar Keskin

American Economic Journal: Applied Economics, January 2014

Agriculture on the American Plains has been constrained historically by water scarcity. Post-WWII technologies enabled farmers over the Ogallala aquifer to extract groundwater for large-scale irrigation. Comparing counties over the Ogallala with nearby...

Controlling Health Care Costs through Limited Network Insurance Plans: Evidence from Massachusetts State Employees

By Jonathan Gruber and Robin McKnight

American Economic Journal: Economic Policy, May 2016

We investigate the impact of limited network insurance plans in the context of the Massachusetts Group Insurance Commission (GIC), the insurance plan for state employees. Our quasi-experimental analysis examines the introduction of a major financial in...

Real Business Cycle Views of the Great Depression and Recent Events: A Review of Timothy J. Kehoe and Edward C. Prescott's Great Depressions of the Twentieth Century

By Peter Temin

Journal of Economic Literature, September 2008

This book collects essays, most of which were published earlier, into an advertisement for real business cycle (RBC) analysis. Half of the essays discuss the Great Depression; half discuss events of the 1980s and 1990s. They all use the general equilibr...

Discrimination in the Post-Civil Rights Era: Beyond Market Interactions

[Symposium: Discrimination in Product, Credit and Labor Markets]

By Glenn C. Loury

Journal of Economic Perspectives, Spring 1998

This comment argues that discrimination against blacks remains important, especially in labor markets, but that its extent is modest both by historical standards and in relation to supply-side racial disparities. It contends that the racial skills gap is ...