Report of the Editor: American Economic Review

By Robert A. Moffitt

American Economic Review, May 2010

Coordinated Admissions Program

By Rodney J. Andrews

American Economic Review, May 2016

In the wake of challenges to affirmative action, access to oversubscribed elite public universities remains a contentious issue. Much of the research on these issues focuses on freshman admissions. This paper examines the University of Texas at Austin's C...

The Information-Technology Revolution and the Stock Market: Evidence

By Bart Hobijn and Boyan Jovanovic

American Economic Review, December 2001

Why did the stock market decline so much in the early 1970s and remain low until the early 1980s? We argue that it was because information technology arrived on the scene and the stock-market incumbents of the day were not ready to implement it. Instead, ...

A New Approach to Estimating the Production Function for Housing

By Dennis Epple, Brett Gordon, and Holger Sieg

American Economic Review, June 2010

Dating to the classic works of Alonso, Mills, and Muth, the production function for housing has played a central role in urban economics and local public finance. This paper provides a new flexible approach for estimating the housing production function ...

Runs on Money Market Mutual Funds

By Lawrence Schmidt, Allan Timmermann, and Russ Wermers

American Economic Review, September 2016

We study daily money market mutual fund flows at the individual share class level during September 2008. This fine granularity of data allows new insights into investor and portfolio holding characteristics conducive to run risk in cash-like asset pools. ...

Tradeoffs from Integrating Diagnosis and Treatment in Markets for Health Care

By Christopher C. Afendulis and Daniel P. Kessler

American Economic Review, June 2007

To identify the important tradeoffs in consulting a single expert for both diagnosis and treatment, we examine the costs and health outcomes of elderly Medicare beneficiaries with coronary artery disease. We compare the empirical consequences of diagnosis...

Can Women Have Children and a Career? IV Evidence from IVF Treatments

By Petter Lundborg, Erik Plug, and Astrid Würtz Rasmussen

American Economic Review, June 2017

This paper introduces a new IV strategy based on IVF (in vitro fertilization) induced fertility variation among childless women to estimate the causal effect of having children on their career. For this purpose, we use administrative data on IVF treated w...

Correspondence

By Scott Sumner

Journal of Economic Perspectives, Fall 1994

Correspondence regarding: The Case of the Missing Currency Income-Contingent College Loans

Names and Reputations: An Empirical Analysis

By Ryan C. McDevitt

American Economic Journal: Microeconomics, August 2011

This paper tests several predictions from the literature on firm reputation, and confirms a main result: poor performance leads a firm to conceal its reputation. A residential plumbing firm with a record of complaints one standard deviation above the mea...

Beyond DSGE Models: Toward an Empirically Based Macroeconomics

By David Colander, Peter Howitt, Alan Kirman, Axel Leijonhufvud, and Perry Mehrling

American Economic Review, May 2008

Regulation, Institutions, and Productivity: New Macroeconomic Evidence from OECD Countries

By Balázs Égert

American Economic Review, May 2016

This paper seeks to understand the drivers of country-level multi-factor productivity (MFP) with a special emphasis on product and labour market policies and the quality of institutions. For a panel of OECD countries, we find that anticompetitive product ...

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Spring 1999

Incentives and Innovation: A Multitasking Approach

By Thomas Hellmann and Veikko Thiele

American Economic Journal: Microeconomics, February 2011

This paper develops a multitask model where employees make choices between their assigned standard tasks, for which the firm has a performance measure and provides incentives, and privately observed innovation opportunities that fall outside of the perfo...

Lessons from Generational Accounting in Japan

By Noriyuki Takayama and Yukinobu Kitamura

American Economic Review, May 1999

Mortgages, Risk, and Homeownership among Low- and Moderate-Income Families

By Raphael W. Bostic and Kwan Ok Lee

American Economic Review, May 2008

Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Winter 1991

Welfare Benefits and Female Headship in U.S. Time Series

By Robert A. Moffitt

American Economic Review, May 2000

The Economic Aftermath of Hurricane Katrina

By Jacob Vigdor

Journal of Economic Perspectives, Fall 2008

On August 29, 2005, Hurricane Katrina swept into Louisiana and New Orleans, a city built largely on land reclaimed from swamp, witnessed massive failures in its levees. Much of the city and its surrounding suburbs were inundated; those residents of the ci...

Bailouts, Time Inconsistency, and Optimal Regulation: A Macroeconomic View

By V. V. Chari and Patrick J. Kehoe

American Economic Review, September 2016

A common view is that bailouts of firms by governments are needed to cure inefficiencies in private markets. We propose an alternative view: even when private markets are efficient, costly bankruptcies will occur and benevolent governments without commitm...

The Chinese Warrants Bubble

By Wei Xiong and Jialin Yu

American Economic Review, October 2011

In 2005-2008, over a dozen put warrants traded in China went so deep out of the money that they were almost certain to expire worthless. Nonetheless, each warrant was traded more than three times each day at substantially inflated prices. This bubble is ...