Guns, Butter, and Openness: On the Relationship between Security and Trade

By Stergios Skaperdas and Constantinos Syropoulos

American Economic Review, May 2001

Understanding the Returns to Delayed Childbearing for Working Women

By Kasey Buckles

American Economic Review, May 2008

Infrequent Portfolio Decisions: A Solution to the Forward Discount Puzzle

By Philippe Bacchetta and Eric van Wincoop

American Economic Review, June 2010

A major puzzle in international finance is that high interest rate currencies tend to appreciate (forward discount puzzle). Motivated by the fact that only a small fraction of foreign currency holdings is actively managed, we calibrate a two-country model...

A Theory of Participation in Elections

By Timothy Feddersen and Alvaro Sandroni

American Economic Review, September 2006

We analyze a model of participation in elections in which voting is costly and no vote is pivotal. Ethical agents are motivated to participate when they determine that agents of their type are obligated to do so. Unlike previous duty-based models of parti...

Women's Wages in Women's Work: A U.S./Canada Comparison of the Roles of Unions and "Public Goods" Sector Jobs

By Michael Baker and Nicole M. Fortin

American Economic Review, May 1999

Growth Accounting with Misallocation: Or, Doing Less with More in Singapore

By John Fernald and Brent Neiman

American Economic Journal: Macroeconomics, April 2011

We show that in a two-sector economy with heterogeneous capital subsidies and monopoly power, primal and dual measures of TFP growth can diverge from each other as well as from true technology. These distortions give rise to dynamic reallocation effects t...

Growth Opportunities and Technology Shocks

By Leonid Kogan and Dimitris Papanikolaou

American Economic Review, May 2010

Incarceration and Incapacitation: Evidence from the 2006 Italian Collective Pardon

By Paolo Buonanno and Steven Raphael

American Economic Review, October 2013

In August 2006, the Italian government released one-third of the nation's prison inmates via a national collective pardon. We test for a discontinuous break in national crime rates corresponding to the mass release. We also test for the effect of the r...

Does Innovation Cause Stock Market Runups? Evidence from the Great Crash

By Tom Nicholas

American Economic Review, September 2008

This article examines the stock market's changing valuation of corporate patentable assets between 1910 and 1939. It shows that the value of knowledge capital increased significantly during the 1920s compared to the 1910s as investors responded to the ...

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Spring 1989

The Top 1 Percent in International and Historical Perspective

[Symposium: The Top 1 Percent]

By Facundo Alvaredo, Anthony B. Atkinson, Thomas Piketty, and Emmanuel Saez

Journal of Economic Perspectives, Summer 2013

The top 1 percent income share has more than doubled in the United States over the last 30 years, drawing much public attention in recent years. While other English-speaking countries have also experienced sharp increases in the top 1 percent income sha...

Gary Becker: Model Economic Scientist

By James J. Heckman

American Economic Review, May 2015

This paper presents Gary Becker's approach to conducting creative, empirically fruitful economic research. It describes the traits and methodology that made him such a productive and influential scholar.

The Salaries of Ph.D.'s in Academe and Elsewhere

By Albert Rees

Journal of Economic Perspectives, Winter 1993

It has long been known that Ph.D.'s working for academic institutions earn less than Ph.D.'s in the same disciplines working for other kinds of employers, especially government and industry. It has not been possible to tell, however, whether this differen...

Social Distance and Other-Regarding Behavior in Dictator Games: Comment

By Iris Bohnet and Bruno S. Frey

American Economic Review, March 1999

The Case for a Progressive Tax: From Basic Research to Policy Recommendations

By Peter Diamond and Emmanuel Saez

Journal of Economic Perspectives, Fall 2011

This paper presents the case for tax progressivity based on recent results in optimal tax theory. We consider the optimal progressivity of earnings taxation and whether capital income should be taxed. We critically discuss the academic research on these t...

Identification and Estimation of Bidders' Risk Aversion in First-Price Auctions

By Isabelle Perrigne and Quang Vuong

American Economic Review, May 2007

Noise, Information, and the Favorite-Longshot Bias in Parimutuel Predictions

By Marco Ottaviani and Peter Norman Sorensen

American Economic Journal: Microeconomics, February 2010

According to the favorite-longshot bias, the expected return on an outcome tends to increase in the fraction of bets laid on that outcome. We derive testable implications for the direction and extent of the bias depending on the ratio of private inform...

The War on Poverty's Experiment in Public Medicine: Community Health Centers and the Mortality of Older Americans

By Martha J. Bailey and Andrew Goodman-Bacon

American Economic Review, March 2015

This paper uses the rollout of the first Community Health Centers (CHCs) to study the longer-term health effects of increasing access to primary care. Within ten years, CHCs are associated with a reduction in age-adjusted mortality rates of 2 percent amon...

The Return to Capital in Ghana

By Christopher Udry and Santosh Anagol

American Economic Review, May 2006

Workers' Spending Response to the 2011 Payroll Tax Cuts

By Grant Graziani, Wilbert van der Klaauw, and Basit Zafar

American Economic Journal: Economic Policy, November 2016

This paper investigates workers' spending response to the 2011 payroll tax cuts. Respondents were surveyed at the beginning and end of 2011, which allows the comparison of ex ante and ex post reported use of the extra income. While workers on average inte...