Report by the AEA Data Editor

By Lars Vilhuber, James Turrito, and Keesler Welch

AEA Papers and Proceedings, May 2020

AEA Data and Code Availability Policy

By Lars Vilhuber

AEA Papers and Proceedings, May 2020

Building Nations through Shared Experiences: Evidence from African Football

By Emilio Depetris-Chauvin, Ruben Durante, and Filipe Campante

American Economic Review, May 2020

We examine whether shared collective experiences help build a national identity, by looking at the impact of national football teams' victories in sub-Saharan Africa. We find that individuals surveyed in the days after an important victory of their countr...

Nation building through sports

[Research Highlight]

April 28, 2020

Could the success of a national team be enough to unite a divided country?

Investing in themselves

[Page]

Displaced migrants often prioritize their education over physical assets when they resettle, leading to generational consequences.

The Demographic Effects of Dodging the Vietnam Draft

By Martha J. Bailey and Eric Chyn

AEA Papers and Proceedings, May 2020

This paper quantifies the impact of the Vietnam War on fertility rates in the late 1960s and early 1970s. For draft-eligible men wishing to avoid military service, the hardship deferment (III-A) for paternity created a powerful incentive to father a child...

Rethinking Detroit

By Raymond Owens III, Esteban Rossi-Hansberg, and Pierre-Daniel Sarte

American Economic Journal: Economic Policy, May 2020

This paper studies the urban structure of Detroit—one that is clearly not optimal for its size—which features a business district immediately surrounded by largely vacant neighborhoods. A model is presented where residential externalities lead to mult...

Gender in the Twenty-First Century

By Marianne Bertrand

AEA Papers and Proceedings, May 2020

Reviving neighborhoods in rust-belt cities

[Research Highlight]

May 21, 2020

Why are areas near Detroit’s thriving downtown less developed than ones further away?

Keeping up best practices

[Page]

Do management interventions last? The textile industry in India provides a clue.

Whistleblower Policy

[Page]

American Economic Association Whistleblower Policy, adopted by the Executive Committee on April 20, 2007.

Scrutinizing for-profit colleges

[Research Highlight]

May 06, 2020

Stephanie Cellini discusses the ways students are affected in a much maligned industry.

Where Do Students Go When For-Profit Colleges Lose Federal Aid?

By Stephanie R. Cellini, Rajeev Darolia, and Lesley J. Turner

American Economic Journal: Economic Policy, May 2020

We examine the effects of federal sanctions imposed on for-profit institutions in the 1990s. Using county-level variation in the timing and magnitude of sanctions linked to student loan default rates, we estimate that sanctioned for-profits experience a 6...

Will an internet "fast lane" ruin the web?

[Research Highlight]

May 23, 2016

Why the net neutrality issue is less clear-cut than advocates on both sides make it out to be

CeMENT

[Page]

Front Matter

American Economic Review, June 2020

Mortgage Debt, Consumption, and Illiquid Housing Markets in the Great Recession

By Carlos Garriga and Aaron Hedlund

American Economic Review, June 2020

Using a quantitative heterogeneous agents macro-housing model and detailed microdata, this paper studies the drivers of the 2006–2011 housing bust, its spillovers to consumption and the credit market, and the ability of mortgage rate interventions to ac...

Turnover Liquidity and the Transmission of Monetary Policy

By Ricardo Lagos and Shengxing Zhang

American Economic Review, June 2020

We provide empirical evidence of a novel liquidity-based transmission mechanism through which monetary policy influences asset markets, develop a model of this mechanism, and assess the ability of the quantitative theory to match the evidence.

The Elephant in the Room: The Impact of Labor Obligations on Credit Markets

By Jack Favilukis, Xiaoji Lin, and Xiaofei Zhao

American Economic Review, June 2020

We show that labor market frictions are first-order for understanding credit markets. Wage growth and labor share forecast aggregate credit spreads and debt growth as well as or better than alternative predictors. They also predict credit risk and debt gr...

Expert-Captured Democracies

By Archishman Chakraborty, Parikshit Ghosh, and Jaideep Roy

American Economic Review, June 2020

Does public cheap talk by a biased expert benefit voters? The answer depends on the nature of democratic institutions and the extent of communication possibilities. Expert endorsements induce office-seeking parties to serve the expert's interests, hurting...