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Real Wage Index Numbers

By John Pencavel

American Economic Review, May 2011

Real wage index numbers have been used to measure movements in the standard of living of the typical worker. This paper describes some of these indicators for the United States and England. A new real wage index is proposed that resembles the sliding scal...

The Price of Experience

By Hyeok Jeong, Yong Kim, and Iourii Manovskii

American Economic Review, February 2015

We identify a key role of factor supply, driven by demographic changes, in shaping several empirical regularities that are a focus of active research in macro and labor economics. In particular, demographic changes alone can account for the large movement...

Disclosure and Legal Advice

By Yeon-Koo Che and Sergei Severinov

American Economic Journal: Microeconomics, May 2017

This paper examines how the advice that lawyers provide to their clients affects the disclosure of evidence and the outcome of adjudication, and how the adjudicator should allocate the burden of proof in light of these effects. Despite lawyers' expertise ...

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...