In Honor of David Card: Winner of the John Bates Clark Medal

By Richard B. Freeman

Journal of Economic Perspectives, Spring 1997

This paper describes the contribution of David Card, winner of the John Bates Clark Medal, to economics and the new empiricism that has become such an important part of the profession. Card's forte is creative and careful empirical scholarship that exploi...

The Effect of Child-Support Policies on Visitations and Transfers

By Daniela Del Boca and Rocio Ribero

American Economic Review, May 2001

Fertility Decline and Missing Women

By Seema Jayachandran

American Economic Journal: Applied Economics, January 2017

The desire for smaller families is conjectured as one reason the male-to-female sex ratio has increased with economic development in several countries. Families that strongly want at least one son are less likely to obtain him by chance at low fertility, ...

On the Determinants of Organizational Forgetting

By Guy David and Tanguy Brachet

American Economic Journal: Microeconomics, August 2011

Studies of organizational learning and forgetting identify potential channels through which the firm's production experience is lost. These channels have differing implications for efficient resource allocation within the firm, but their relative importan...

Does Buffer-Stock Saving Explain the Smoothness and Excess Sensitivity of Consumption?

By Sydney C. Ludvigson and Alexander Michaelides

American Economic Review, June 2001

Contested Exchange versus the Governance of Contractual Relations

By Oliver E. Williamson

Journal of Economic Perspectives, Winter 1993

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Summer 1992

The Optimal Allocation of Prizes in Contests

By Benny Moldovanu and Aner Sela

American Economic Review, June 2001

We study a contest with multiple, nonidentical prizes. Participants are privately informed about a parameter (ability) affecting their costs of effort. The contestant with the highest effort wins the first prize, the contestant with the second-highest eff...

Recommendations for Further Reading

By Timothy Taylor

Journal of Economic Perspectives, Fall 2012

Women in the Economics Profession

By Shulamit B. Kahn

Journal of Economic Perspectives, Fall 1995

This article discusses evidence from recent literature on gender literature on gender differences among Ph.D. economists. It finds many gender similarities in accomplishments, including undergraduate grades, publication rates (ceteris paribus), and labor ...

Is the Volatility of the Market Price of Risk Due to Intermittent Portfolio Rebalancing?

By YiLi Chien, Harold Cole, and Hanno Lustig

American Economic Review, October 2012

Our paper examines whether the failure of unsophisticated investors to rebalance their portfolios can help to explain the countercyclical volatility of aggregate risk compensation in financial markets. To answer this question, we set up a model in which a...

An Evaluation of the Treasury Plan for Banking Reform

By Frederic S. Mishkin

Journal of Economic Perspectives, Winter 1992

The Treasury plan for banking reform--Modernizing the Financial System: Recommendations for Safer More Competitive Banks--was released on February 5, 1991 (U.S. Treasury, 1991), and has a stated purpose of promoting a safe, sound, and competitive banking ...

Antitrust Law and Innovation Cooperation

[Symposium: Collaboration, Innovation and Antitrust]

By Joseph F. Brodley

Journal of Economic Perspectives, Summer 1990

Should innovation collaboration among high technology firms be subject to the antitrust laws? My own analysis concludes that innovation collaboration, particularly when it encompasses production and marketing, can create anticompetitive risks, and should ...

The Inflation-Output Trade-Off with Downward Wage Rigidities

By Pierpaolo Benigno and Luca Antonio Ricci

American Economic Review, June 2011

The macroeconomic implications of downward nominal wage rigidities are analyzed via a dynamic stochastic general equilibrium model featuring aggregate and idiosyncratic shocks. A closed-form solution for a long-run Phillips curve relates average output...

Screening, Competition, and Job Design: Economic Origins of Good Jobs

By Björn Bartling, Ernst Fehr, and Klaus M. Schmidt

American Economic Review, April 2012

High-performance work systems give workers more discretion, thereby increasing effort productivity but also shirking opportunities. We show experimentally that screening for work attitude and labor market competition are causal determinants of the viabili...

International Trade and Income Differences

By Michael E. Waugh

American Economic Review, December 2010

I develop a novel view of the trade frictions between rich and poor countries by arguing that to reconcile bilateral trade volumes and price data within a standard gravity model, the trade frictions between rich and poor countries must be systematically a...

Corrigendum: Pride and Diversity in Social Economies

By Fabio Maccheroni, Massimo Marinacci, and Aldo Rustichini

American Economic Journal: Microeconomics, February 2015

Recommendations for Further Reading

By Timothy Taylor

Journal of Economic Perspectives, Spring 2017

Real Wage Inequality

By Enrico Moretti

American Economic Journal: Applied Economics, January 2013

While nominal wage differences between skilled and unskilled workers have increased since 1980, college graduates have experienced larger increases in cost of living because they have increasingly concentrated in cities with high cost of housing. Using...

JEL Classification System

Journal of Economic Literature, June 2011