Front Matter

American Economic Review: Insights, December 2020

What Do Survey Data Tell Us about US Businesses?

By Anmol Bhandari, Serdar Birinci, Ellen R. McGrattan, and Kurt See

American Economic Review: Insights, December 2020

This paper examines the reliability of survey data on business incomes, valuations, and rates of return, which are key inputs for studies of wealth inequality and entrepreneurial choice. We compare survey responses of business owners with available data f...

Efficiency, Justified Envy, and Incentives in Priority-Based Matching

By Atila Abdulkadiroğlu, Yeon-Koo Che, Parag A. Pathak, Alvin E. Roth, and Olivier Tercieux

American Economic Review: Insights, December 2020

Top trading cycles (TTC ) is Pareto efficient and strategy-proof in priority-based matching, but so are other mechanisms including serial dictatorship. We show that TTC minimizes justified envy among all Pareto-efficient and strategy-proof mechanisms in o...

Invisible Geniuses: Could the Knowledge Frontier Advance Faster?

By Ruchir Agarwal and Patrick Gaule

American Economic Review: Insights, December 2020

A better understanding of the determinants of idea/knowledge production remains critical for long-run growth. Toward this end, this paper establishes two results using data from the International Mathematical Olympiad (IMO). First, individuals who excelle...

The Welfare Magnet Hypothesis: Evidence from an Immigrant Welfare Scheme in Denmark

By Ole Agersnap, Amalie Jensen, and Henrik Kleven

American Economic Review: Insights, December 2020

We study the effects of welfare generosity on international migration using reforms of immigrant welfare benefits in Denmark. The first reform, implemented in 2002, lowered benefits for non-EU immigrants by about 50 percent, with no changes for natives or...

After the Panic: Are Financial Crises Demand or Supply Shocks? Evidence from International Trade

By Felipe Benguria and Alan M. Taylor

American Economic Review: Insights, December 2020

Are financial crises a negative shock to aggregate demand or supply? This is a fundamental question for research and policy making. Arguments for stimulus usually presume demand-side shortfalls; arguments for tax cuts or structural reform look to the supp...

Strategy-Proofness, Independence of Irrelevant Alternatives, and Majority Rule

By Partha Dasgupta and Eric Maskin

American Economic Review: Insights, December 2020

We show that strategy-proofness, the Pareto principle, anonymity, neutrality, independence of irrelevant alternatives, and decisiveness uniquely characterize majority rule on any domain of preferences for which there exists a voting rule satisfying these ...

Moving to a healthier place

[Page]

Hurricane Katrina forced New Orleanians to uproot and live somewhere else. What effect did that have on their health?

Elite education and affirmative action

[Research Highlight]

December 03, 2020

Do selective high schools help students with disadvantaged backgrounds get into better colleges?

Increasing Access to Selective High Schools through Place-Based Affirmative Action: Unintended Consequences

By Lisa Barrow, Lauren Sartain, and Marisa de la Torre

American Economic Journal: Applied Economics, October 2020

We investigate whether elite Chicago public high schools differentially benefit high-achieving students from more and less affluent neighborhoods. Chicago's place-based affirmative action policy allocates seats based on achievement and neighborhood socioe...

ASSA 2021 Job Market Interviews

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View AEA Guidance on the Economics Job Market.

Lifting the resource curse

[News]

December 04, 2020

Better information helped stop political violence over natural gas in Mozambique.

CSMGEP Profiles: Nada Eissa

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Gendered laws

[Research Highlight]

December 02, 2020

Penny Goldberg discusses how legal gender discrimination affects women’s economic opportunities around the globe.

Gendered Laws and Women in the Workforce

By Marie Hyland, Simeon Djankov, and Pinelopi Koujianou Goldberg

American Economic Review: Insights, December 2020

This paper offers for the first time a global picture of gender discrimination by the law as it affects women's economic opportunity and charts the evolution of legal inequalities over five decades. Using the World Bank's newly constructed Women, Business...

The Coase Theorem at Sixty

By Steven G. Medema

Journal of Economic Literature, December 2020

The Coase theorem is one of the most influential and controversial ideas to emerge from post-World War II economics. This article examines the theorem's origins, diffusion, and the wide variety of uses to which it has been put by economists and others ove...

Front Matter

Journal of Economic Literature, December 2020

Book Reviews

Journal of Economic Literature, December 2020