Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond

By Oded Galor and David N. Weil

American Economic Review, September 2000

This paper develops a unified growth model that captures the historical evolution of population, technology, and output. It encompasses the endogenous transition between three regimes that have characterized economic development. The economy evolves from ...

Asset Pricing with Distorted Beliefs: Are Equity Returns Too Good to Be True?

By Stephen G. Cecchetti, Pok-sang Lam, and Nelson C. Mark

American Economic Review, September 2000

We study a Lucas asset-pricing model that is standard in all respects, except that the representative agent's subjective beliefs about endowment growth are distorted. Using constant relative risk-aversion (CRRA) utility, with a CRRA coefficient below 10; ...

Wage Shocks and North American Labor-Market Integration

By Raymond Robertson

American Economic Review, September 2000

This study uses household-level data from the United States and Mexico to examine labor-market integration. I consider how the effects of shocks and rates of convergence to an equilibrium differential are affected by borders, geography, and demographics. ...

Mentoring and Diversity

By Susan Athey, Christopher Avery, and Peter Zemsky

American Economic Review, September 2000

We study how diversity evolves at a firm with entry-level and upper-level employees who vary in ability and "type" (gender or ethnicity). The ability of entry-level employees is increased by mentoring. An employ receives more mentoring when more upper-lev...

Capital Mobility in NeoClassical Models of Growth: Comment

By Petr Duczynski

American Economic Review, June 2000

Herd Behavior and Investment: Comment

By Marco Ottaviani and Peter Sorensen

American Economic Review, June 2000

Herd Behavior and Investment: Reply

By David S. Scharfstein and Jeremy C. Stein

American Economic Review, June 2000

Independent Auditors' Report

American Economic Review, June 2000

Optimal Income Taxation: An Example with a U-Shaped Pattern of Optimal Marginal Tax Rates: Comment

By Momi Dahan and Michel Strawczynski

American Economic Review, June 2000

Orchestrating Impartiality: The Impact of "Blind" Auditions on Female Musicians

By Claudia Goldin and Cecilia Rouse

American Economic Review, September 2000

A change in the audition procedures of symphony orchestras—adoption of "blind" auditions with a "screen" to conceal the candidate's identity from the jury—provides a test for sex-biased hiring. Using data from actual auditions, in an individual fixed-...

Front Matter

American Economic Review, June 2000

Role Models and Arguments for Affirmative Action

By Kim-Sau Chung

American Economic Review, June 2000

Political Influence and the Dynamic Consistency of Policy

By Michelle R. Garfinkel and Jaewoo Lee

American Economic Review, June 2000

The Role of a Variable Input in the Relationship between Investment and Uncertainty

By Jaewoo Lee and Kwanho Shin

American Economic Review, June 2000

A Time-Series Analysis of Crime, Deterrence, and Drug Abuse in New York City

By Hope Corman and H. Naci Mocan

American Economic Review, June 2000

A Theory of Rigid Extremists and Flexible Moderates with an Application to the U.S. Congress

By S. Brock Blomberg and Joseph E. Harrington

American Economic Review, June 2000

Sovereign Debt as Intertemporal Barter

By Kenneth M. Kletzer and Brian D. Wright

American Economic Review, June 2000

The Labeling Effect of a Child Benefit System

By Peter Kooreman

American Economic Review, June 2000

Standardization in Decentralized Economies

By Emmanuelle Auriol and Michel Benaim

American Economic Review, June 2000

This paper presents a dynamic model, inspired by evolutionary game theory, of how standards and norms emerge in decentralized economies. It shows that standardization outcomes depend on adopters' attitudes to problems caused by incompatibility. If individ...

Ownership Risk, Investment, and the Use of Natural Resources

By Henning Bohn and Robert T. Deacon

American Economic Review, June 2000

The effect of insecure ownership on ordinary investment and natural resource use is examined. Insecure ownership is postulated to depend on the type of government regime in power and the prevalence of political violence or instability. The political deter...