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

Unhappiness and Pain in Modern America: A Review Essay, and Further Evidence, on Carol Graham's Happiness for All?

By David G. Blanchflower and Andrew J. Oswald

Journal of Economic Literature, June 2019

In Happiness for All? Unequal Hopes and Lives in the Pursuit of the American Dream, Carol Graham raises disquieting ideas about today's United States. The challenge she puts forward is an important one. Here we review the intellectual case and of...

On Measuring Multidimensional Deprivation

By Prasanta K. Pattanaik and Yongsheng Xu

Journal of Economic Literature, June 2018

This essay presents a critical review of the recent book by Alkire et al. entitled Multidimensional Poverty Measurement and Analysis, and, in the course of doing so, it also discusses some general issues that come up in this context. We outli...

The Costs of Patronage: Evidence from the British Empire

By Guo Xu

American Economic Review, November 2018

I combine newly digitized personnel and public finance data from the British colonial administration for the period 1854-1966 to study how patronage affects the promotion and incentives of governors. Governors are more likely to be promoted to higher sala...

Asymmetric Information and Remittances: Evidence from Matched Administrative Data

By Thomas Joseph, Yaw Nyarko, and Shing-Yi Wang

American Economic Journal: Applied Economics, April 2018

Using new large-scale, administrative data matching remittances and monthly payroll disbursals, we demonstrate how migrants' earnings in the United Arab Emirates affect their remittances. We consider several types of income changes: Ramadan, weather shock...

Information Design: A Unified Perspective

By Dirk Bergemann and Stephen Morris

Journal of Economic Literature, March 2019

Given a game with uncertain payoffs, information design analyzes the extent to which the provision of information alone can influence the behavior of the players. Information design has a literal interpretation, under which there is a real information des...