Can Tax Breaks Beat Geography? Lessons from the French Enterprise Zone Experience

By Anthony Briant, Miren Lafourcade, and Benoît Schmutz

American Economic Journal: Economic Policy, May 2015

This paper shows that urban geography matters to the effectiveness of place-based policies, using the French enterprise zone program as a case study. Whereas this program created more jobs in spatially integrated neighborhoods, its impact on local wages w...

Generational Accounting around the Globe

By Laurence J. Kotlikoff and Bernd Raffelhuschen

American Economic Review, May 1999

Trade and Exposure

By Kathryn M. E. Dominguez and Linda L. Tesar

American Economic Review, May 2001

In Honor of David Kreps, Winner of the John Bates Clark Medal

By Jean Tirole

Journal of Economic Perspectives, Summer 1990

David Kreps is the winner of the 1989 John Bates Clark Medal, given to "that American economist under forty who is adjudged to have made a significant contribution to economic thought and knowledge." I will try to explain where Kreps's contributions fit i...

Recommendations for Further Reading

By Timothy Taylor

Journal of Economic Perspectives, Winter 2016

Aggregate Uncertainty Can Lead to Incorrect Herds

By Ignacio Monzón

American Economic Journal: Microeconomics, May 2017

A continuum of homogeneous rational agents choose between two competing technologies. Agents observe a private signal and sample others' previous choices. Signals have an aggregate component of uncertainty, so aggregate behavior does not necessarily refle...

The Long-Term Direct and External Effects of Jewish Expulsions in Nazi Germany

By Mevlude Akbulut-Yuksel and Mutlu Yuksel

American Economic Journal: Economic Policy, August 2015

This paper examines the long-term direct and spillover effects of large-scale human capital loss caused by the persecution of Jewish professionals in Nazi Germany. Using region-by-cohort variation in the percentage of the Jewish population as a quasi-expe...

Worker Selection, Hiring, and Vacancies

By Ismail Baydur

American Economic Journal: Macroeconomics, January 2017

This paper incorporates worker selection into a random matching model with multi-worker firms. Unlike the standard Diamond-Mortensen-Pissarides (DMP) model, the extended model is compatible with cross-sectional behavior of vacancy yields, which rise with ...

Racial and Ethnic Economic Inequality: The International Record

By William Darity and Jessica Gordon Nembhard

American Economic Review, May 2000

The Real Effects of Relational Contracts

By Steven Blader, Claudine Gartenberg, Rebecca Henderson, and Andrea Prat

American Economic Review, May 2015

Does the "soft side" of management matter? Many managers assert that "firm culture" is strongly correlated with productivity, but there are few robust tests of this assertion. In a set of field experiments, we study driver productivity within a large US l...

Human Capital and China's Future Growth

[Symposium: China]

By Hongbin Li, Prashant Loyalka, Scott Rozelle, and Binzhen Wu

Journal of Economic Perspectives, Winter 2017

In this paper, we consider the sources and prospects for economic growth in China with a focus on human capital. First, we provide an overview of the role that labor has played in China's economic success. We then describe China's hukou policy, w...

Is a Uniform Social Policy Better? Fiscal Federalism and Factor Mobility

By Roberto Perotti

American Economic Review, June 2001

This paper develops a two-country model to study two questions. How do the degrees of centralization of redistribution and of factor mobility affect the productive efficiency of the economies? What degrees of centralization of redistribution and of factor...

Hedging against the Government: A Solution to the Home Asset Bias Puzzle

By Tiago C. Berriel and Saroj Bhattarai

American Economic Journal: Macroeconomics, January 2013

We explain why international nominal bonds and equity portfolios are biased domestically. In our model, holding domestic government nominal debt provides a hedge against shocks to bond returns and the impact on taxes they induce. For this result, only ...

Front Matter

American Economic Review, January 2017

Limiting Buyer Discretion: Effects on Performance and Price in Long-Term Contracts

By Lisa J. Cameron

American Economic Review, March 2000

Why Does Trend Growth Affect Equilibrium Employment? A New Explanation of an Old Puzzle

By Michael W. L. Elsby and Matthew D. Shapiro

American Economic Review, June 2012

That the employment rate appears to respond to changes in trend growth is an enduring macroeconomic puzzle. This paper shows that, in the presence of a return to experience, a slowdown in productivity growth raises reservation wages, thereby lowering aggr...

The Introduction of Markets in a Hypercentralized Economy: The Case of Romania

By Avner Ben-Ner and J. Michael Montias

Journal of Economic Perspectives, Fall 1991

This paper discusses communist Romania, the economy in the Ceausescu era, 1965-1989, the economy after the Revolution of December 22, 1989, and current problems and prospects for the Romanian economy.

Social Value and the Speed of Innovation

By Kevin M. Murphy and Robert H. Topel

American Economic Review, May 2007

The Economics Major as Part of a Liberal Education: The Teagle Report

By David Colander and KimMarie McGoldrick

American Economic Review, May 2009

Business Cycles and Gender Diversification: An Analysis of Establishment-Level Gender Dissimilarity

By Cynthia Bansak, Mary E. Graham, and Allan A. Zebedee

American Economic Review, May 2012

During recessions, the focus on male job losses may overshadow other important outcome variables. We examine the effects of economic downturns on occupational segregation by gender, using staffing data from over 6 million private-sector US establishments ...