Resurrecting the Role of the Product Market Wedge in Recessions

By Mark Bils, Peter J. Klenow, and Benjamin A. Malin

American Economic Review, April 2018

Employment and hours are more cyclical than dictated by productivity and consumption. This intratemporal labor wedge can arise from product or labor market distortions. Based on employee wages, the literature has attributed the intratemporal wedge almost ...

Social Media and Corruption

By Ruben Enikolopov, Maria Petrova, and Konstantin Sonin

American Economic Journal: Applied Economics, January 2018

Does new media promote accountability in nondemocratic countries, where offline media is often suppressed? We show that blog posts, which exposed corruption in Russian state-controlled companies, had a negative causal impact on their market returns. For i...

Learning Job Skills from Colleagues at Work: Evidence from a Field Experiment Using Teacher Performance Data

By John P. Papay, Eric S. Taylor, John H. Tyler, and Mary E. Laski

American Economic Journal: Economic Policy, February 2020

We study a program designed to encourage learning from coworkers among school teachers. In an experiment, we document gains in job performance when high- and low-skilled teachers are paired and asked to work together on improving their skills. Pairs are m...

Access to Migration for Rural Households

By Cynthia Kinnan, Shing-Yi Wang, and Yongxiang Wang

American Economic Journal: Applied Economics, October 2018

This paper exploits a unique feature of China's history, the "sent-down youth" (SDY) program, to study the effects of access to internal migration. We show that temporary migration due to the SDY program created lasting inter-province links. We interact t...

The Relation between Behavior under Risk and over Time

By Anujit Chakraborty, Yoram Halevy, and Kota Saito

American Economic Review: Insights, March 2020

The paper establishes a tight relation between nonstandard behaviors in the domains of risk and time, by considering a decision-maker with non-expected utility preferences who believes that only present consumption is certain while any future consumption ...

Frictions in a Competitive, Regulated Market: Evidence from Taxis

By Guillaume R. Fréchette, Alessandro Lizzeri, and Tobias Salz

American Economic Review, August 2019

This paper presents a dynamic equilibrium model of a taxi market. The model is estimated using data from New York City yellow cabs. Two salient features by which most taxi markets deviate from the efficient market ideal are, first, matching frictions cr...

Incentives and the Supply of Effective Charter Schools

By John D. Singleton

American Economic Review, July 2019

Charter school funding is typically set by formulas that provide the same amount for students regardless of advantage or need. I present evidence that this policy skews the distribution of students served by charters toward low-cost populations by influen...

2020 AEA Conference on Teaching and Research in Economic Education Cancelled

[News]

March 20, 2020

View member announcement from March 20, 2020.

Do Low Levels of Blood Lead Reduce Children's Future Test Scores?

By Anna Aizer, Janet Currie, Peter Simon, and Patrick Vivier

American Economic Journal: Applied Economics, January 2018

We construct a unique individual-level dataset linking preschool blood lead levels with third grade test scores for Rhode Island children born 1997–2005. Using two identification strategies, we show for the first time that reductions of lead from ev...

Children and Gender Inequality: Evidence from Denmark

By Henrik Kleven, Camille Landais, and Jakob Egholt Søgaard

American Economic Journal: Applied Economics, October 2019

Using Danish administrative data, we study the impacts of children on gender inequality in the labor market. The arrival of children creates a long-run gender gap in earnings of around 20 percent driven by hours worked, participation, and wage rates. We i...

American Economic Association Universal Academic Questionnaire Summary Statistics

By Charles E. Scott and John J. Siegfried

AEA Papers and Proceedings, May 2018

Front Matter

American Economic Review, September 2019

Experimenting with Career Concerns

By Marina Halac and Ilan Kremer

American Economic Journal: Microeconomics, February 2020

A manager who learns privately about a project over time may want to delay quitting it if recognizing failure/lack of success hurts his reputation. In the banking industry, managers may want to roll over bad loans. How do distortions depend on expected pr...

Report of the Editor: American Economic Journal: Microeconomics

By Johannes Horner

AEA Papers and Proceedings, May 2018

Report: American Economic Association Committee on Statistics (AEAStat)

AEA Papers and Proceedings, May 2018

Report of the Editor: American Economic Journal: Applied Economics

By Alex Mas

AEA Papers and Proceedings, May 2018

Report: Committee on Government Relations

By Phillip Swagel

AEA Papers and Proceedings, May 2018

The Science of Monetary Policy: An Imperfect Knowledge Perspective

By Stefano Eusepi and Bruce Preston

Journal of Economic Literature, March 2018

This paper reevaluates the basic prescriptions of monetary policy design in the new Keynesian paradigm through the lens of imperfect knowledge. We show that while the basic logic of monetary policy design under rational expectations continues to obtain, p...

From Communism to Capitalism: Private versus Public Property and Inequality in China and Russia

By Filip Novokmet, Thomas Piketty, Li Yang, and Gabriel Zucman

AEA Papers and Proceedings, May 2018

This paper combines national accounts, survey, wealth, and fiscal data (including recently released tax data on high-income taxpayers) in order to provide consistent series on the accumulation and distribution of income and wealth in China and Russia over...

Report of the Editor: American Economic Journal: Applied Economics

By Alex Mas

AEA Papers and Proceedings, May 2019