Inventories, Integration, Productivity, and Welfare

By George Alessandria, Shafaat Yar Khan, and Armen Khederlarian

AEA Papers and Proceedings, May 2025

We augment a heterogeneous firm trade model with rich logistic frictions—order costs and delivery times—that differ by source and tariffs to evaluate how trade influences the aggregate economy. These frictions lead importers to order larger amounts le...

The Cost of Delivery Delays

By Maria-Jose Carreras-Valle and Alessandro Ferrari

AEA Papers and Proceedings, May 2025

The rise in supply disruptions after COVID-19 affected businesses across the United States. Yet, measures of disruptions or delays are difficult to estimate. Here, we provide a model-based measure of delays using aggregate manufacturing inventory data and...

Measuring the Average Period of Production

By Pol Antràs and Vitalii Tubdenov

AEA Papers and Proceedings, May 2025

Building on Böhm-Bawerk (1889), we propose a measure of the average period of production defined as a weighted average temporal distance between the time at which a firm employs its inputs and the time at which these inputs deliver finished goods to cons...

The Role of Representational and Computational Complexity in Belief Formation

By Cuimin Ba, J. Aislinn Bohren, and Alex Imas

AEA Papers and Proceedings, May 2025

We examine how representational and computational complexity interact to influence belief updating. Building on the two-stage belief updating model of Ba, Bohren, and Imas (2024), we show that when no salience cues are present, attentional and processing ...

Extracting Statistical Relationships from Observational Data: Predicting with Full or Partial Information

By Guillaume R. Fréchette, Emanuel Vespa, and Sevgi Yuksel

AEA Papers and Proceedings, May 2025

Decision-makers sometimes rely on past data to learn statistical relationships between variables. However, when predicting a target variable, they must adjust how they aggregate past information depending on the observables available. If agents have infor...

Real and Assumed Information

By Ned Augenblick, Matthew Backus, Andrew T. Little, and Don A. Moore

AEA Papers and Proceedings, May 2025

We consider a simplified version of the model in Augenblick et. al (2025), in which people use models to translate data into beliefs and predictions. We posit that they make correct inferences given a model but not unconditionally, forgetting model uncert...

Metacognitive Awareness and Academic Performance

By Jarod Apperson, A. Nayena Blankson, Francesina Jackson, Angelino Viceisza, Bruce Wade, and Jimmeka Guillory Wright

AEA Papers and Proceedings, May 2025

Roughly 25 percent of first-year college students do not return for a second year. This has led to a range of policies and interventions to increase persistence in college. In this article, we assess whether cognitive strategy instruction (CSI) has the po...

Gender Salience and Chat-Based Communication in Teams

By Rebecca Jack

AEA Papers and Proceedings, May 2025

I use a lab experiment to study the effect of gender priming on chat-based communication in mixed- and same-gender teams with a real-effort task. I find that priming gender seems to evoke stereotypes about men's and women's roles in communication, causing...

What Deters Women from Economics

By Kristy Buzard, Katelyn Cranney, Laura K. Gee, and Olga Stoddard

AEA Papers and Proceedings, May 2025

We survey undergraduate students at two US universities to investigate the perceptions of the economics major by gender. Women report a significantly lower interest in economics relative to men. In exploring potential mechanisms, we find that women antici...

Returns to Education: The Roles of Income, Gender, and Occupations

By Siyu Wang, Hui Xu, Meng Shen, and Delong Meng

AEA Papers and Proceedings, May 2025

This study explores how broader educational returns information shapes students' aspirations, focusing on gender-specific income differences and occupational education requirements. Our experiment with 582 middle school students in northeast China shows t...

The Test-Optional Puzzle

By Wouter Dessein, Alex Frankel, and Navin Kartik

AEA Papers and Proceedings, May 2025

US colleges often justify test-optional admissions policies as promoting diversity by reducing their reliance on standardized test scores. But a college that mandates test scores can decide how to use those scores. Wouldn't more information allow a colleg...

Standardized Test Scores and Academic Performance at Ivy Plus Colleges

By John N. Friedman, Bruce Sacerdote, Douglas O. Staiger, and Michele Tine

AEA Papers and Proceedings, May 2025

We analyze admissions and transcript records for students at multiple Ivy Plus colleges to study the relationship between standardized (SAT/ACT) test scores, high school GPA, and first-year college grades. Standardized test scores predict academic outcome...

Examining Key Impacts of the Test-Optional Movement for Early Adopters

By Brianna Felegi

AEA Papers and Proceedings, May 2025

By 2019, about 250 postsecondary institutions adopted a test-optional policy. This paper uses a difference-in-difference design to examine the impact of this reform on schools that switched policies between 2006 and 2014. I find that adopting a test-optio...

Filling the Gaps: Childcare Laws for Women's Economic Empowerment

By S Anukriti, Lelys Dinarte-Diaz, Maria Montoya-Aguirre, and Alena Sakhonchik

AEA Papers and Proceedings, May 2025

This paper investigates the effects of legislation governing the availability, affordability, or quality of center-based childcare services on women's labor market outcomes around the world. Using a difference-in-difference design, we find that childcare ...

Breadwinning, Social Security, and Retirement Patterns among Couples

By Siha Lee and Zhixiu Yu

AEA Papers and Proceedings, May 2025

This paper examines how married couples' retirement behavior varies by wives' earnings contributions. Using data from the Health and Retirement Study linked to administrative Social Security records, we find that breadwinner wives are more likely to delay...

Parental Time Allocation and Gender Disparities: The Role of Child Tax Credit Reform

By Tennecia Dacass, Elif B. Dilden, and Yang Jiao

AEA Papers and Proceedings, May 2025

The Child Tax Credit (CTC) plays a critical role in reducing child poverty and promoting parental workforce participation. However, its effects on how parents allocate their time remain insufficiently studied. This research fills this gap by analyzing the...

Minutes of the Annual Business Meeting, San Francisco, CA, January 3, 2025

By Peter L. Rousseau

AEA Papers and Proceedings, May 2025

Report of the Secretary

By Peter L. Rousseau

AEA Papers and Proceedings, May 2025

Report of the Treasurer

By Peter L. Rousseau

AEA Papers and Proceedings, May 2025

American Economic Association 2024-2025 Universal Academic Questionnaire Summary Statistics

By John J. Siegfried, Elizabeth Braunstein, and Ryan Kustaborder

AEA Papers and Proceedings, May 2025