Report of the Search Committee for the Editor of the AEJ: Macroeconomics

By Ben Bernanke

AEA Papers and Proceedings, May 2018

Report by Committee to Appoint the Lead Editor to AER: Insights

By Jose A. Scheinkman

AEA Papers and Proceedings, May 2018

Report of the Search Committee to Appoint a Data Editor for the AEA

By Esther Duflo and Hilary Hoynes

AEA Papers and Proceedings, May 2018

Do You Use JEP Articles in Your Classroom? One More Chance to Share!

Journal of Economic Perspectives, Spring 2018

List of Online Reports

By Peter L. Rousseau

AEA Papers and Proceedings, May 2018

Front Matter

American Economic Review, June 2018

Front Matter includes James Heckman: Distinguished Fellow 2017.

From Cashews to Nudges: The Evolution of Behavioral Economics

By Richard H. Thaler

American Economic Review, June 2018

Enfranchising Your Own? Experimental Evidence on Bureaucrat Diversity and Election Bias in India

By Yusuf Neggers

American Economic Review, June 2018

This paper investigates the effects of polling station administrator diversity on elections in India, using a natural experiment: the random assignment of government officials to teams managing stations on election day, together with surveys conducted wit...

Will a Five-Minute Discussion Change Your Mind? A Countrywide Experiment on Voter Choice in France

By Vincent Pons

American Economic Review, June 2018

This paper provides the first estimate of the effect of door-to-door canvassing on actual electoral outcomes, via a countrywide experiment embedded in Francois Hollande's campaign in the 2012 French presidential election. While existing experiments random...

Trucks without Bailouts: Equilibrium Product Characteristics for Commercial Vehicles

By Thomas G. Wollmann

American Economic Review, June 2018

The entry and exit of products, rather than firms, serve as the main equilibrating force in many markets, so accurately predicting changes from a merger or bankruptcy should incorporate this behavior. This paper estimates a structural model of the US comm...

Legal Origins and Female HIV

By Siwan Anderson

American Economic Review, June 2018

More than one-half of all people living with HIV are women, and 80 percent of all HIV-positive women in the world live in sub-Saharan Africa. This paper demonstrates that the legal origins of these formerly colonized countries significantly determine cu...

Escaping Malthus: Economic Growth and Fertility Change in the Developing World

By Shoumitro Chatterjee and Tom Vogl

American Economic Review, June 2018

Following mid-twentieth century predictions of Malthusian catastrophe, fertility in the developing world more than halved, while living standards more than doubled. We analyze how fertility change related to economic growth during this episode, using data...

Immigration Restrictions as Active Labor Market Policy: Evidence from the Mexican Bracero Exclusion

By Michael A. Clemens, Ethan G. Lewis, and Hannah M. Postel

American Economic Review, June 2018

An important class of active labor market policy has received little impact evaluation: immigration barriers intended to raise wages and employment by shrinking labor supply. Theories of endogenous technical advance raise the possibility of limited or eve...

The Race between Man and Machine: Implications of Technology for Growth, Factor Shares, and Employment

By Daron Acemoglu and Pascual Restrepo

American Economic Review, June 2018

We examine the concerns that new technologies will render labor redundant in a framework in which tasks previously performed by labor can be automated and new versions of existing tasks, in which labor has a comparative advantage, can be created. In a s...

Real Exchange Rates and Sectoral Productivity in the Eurozone

By Martin Berka, Michael B. Devereux, and Charles Engel

American Economic Review, June 2018

We investigate the link between real exchange rates and sectoral TFP for eurozone countries. We show that real exchange rate variation, both cross-country and time-series, closely accords with an amended Balassa-Samuelson interpretation, incorporating sec...

Investment Strategy and Selection Bias: An Equilibrium Perspective on Overoptimism

By Philippe Jehiel

American Economic Review, June 2018

Investors implement projects based on idiosyncratic signal observations, without knowing how signals and returns are jointly distributed. The following heuristic is studied: investors collect information on previously implemented projects with the same si...

Independent Auditor's Report

American Economic Review, June 2018

Front Matter

Journal of Economic Literature, June 2018

Economics of the Pharmaceutical Industry

By Darius N. Lakdawalla

Journal of Economic Literature, June 2018

The pharmaceutical industry accounts for a substantial chunk of the US economy's research and development investments, which have resulted in significant medical breakthroughs. At the same time, the costs of pharmaceutical products continue to rise, as do...

Identifying and Estimating Neighborhood Effects

By Bryan S. Graham

Journal of Economic Literature, June 2018

Residential segregation by race and income are enduring features of urban America. Understanding the effects of residential segregation on educational attainment, labor market outcomes, criminal activity, and other outcomes has been a leading project of t...