ASSA 2016 Annual Meeting

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Disappearing gazelles

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Fewer high-growth startups could be making the US economy much less dynamic.

Tariff Pass-Through at the Border and at the Store: Evidence from US Trade Policy

By Alberto Cavallo, Gita Gopinath, Brent Neiman, and Jenny Tang

American Economic Review: Insights, March 2021

We use microdata collected at the border and the store to characterize the price impact of recent US trade policy on importers, exporters, and consumers. At the border, import tariff pass-through is much higher than exchange rate pass-through. Chinese exp...

The Cyclical Behavior of Job Quality and Real Wage Growth

By Andriana Bellou and Bariş Kaymak

American Economic Review: Insights, March 2021

We study the empirical relevance of implicit insurance contracts for wage setting while accounting for cyclical fluctuations in average job quality. Using proxy measures, we find the latter to be acyclical, if not countercyclical, due to the cleansing eff...

Information Design and Strategic Communication

By Daniel Krähmer

American Economic Review: Insights, March 2021

I study sender-receiver games where the receiver can disclose information to the sender by designing an information structure. I show that by secretly randomizing over information structures, the receiver can virtually attain her complete information payo...

Internal Deadlines, Drug Approvals, and Safety Problems

By Lauren Cohen, Umit G. Gurun, and Danielle Li

American Economic Review: Insights, March 2021

Absent explicit quotas, incentives, reporting, or fiscal year-end motives, drug approvals around the world surge in December, at month-ends, and before respective major national holidays. Drugs approved before these informal deadlines are associated with ...

Trade Shocks and Labor Market Adjustment

By Ryan Kim and Jonathan Vogel

American Economic Review: Insights, March 2021

We develop a framework to analyze the impact of trade shocks on a range of labor market adjustment margins in economies with a large number of sectors and labor groups. We provide analytic results characterizing equilibria. We show that labor groups earni...

Front Matter

American Economic Review: Insights, March 2021

Job Loss, Credit, and Crime in Colombia

By Gaurav Khanna, Carlos Medina, Anant Nyshadham, Christian Posso, and Jorge Tamayo

American Economic Review: Insights, March 2021

We investigate the effects of job displacement, as a result of mass layoffs, on criminal arrests using a matched employer-employee crime dataset from Medellín, Colombia. Job displacement leads to immediate and persistent earnings losses and higher probab...

The unemployment insurance tax hangover

[Research Highlight]

February 25, 2021

A tax spike on companies after layoffs is discouraging them from rehiring when business turns around.

Unemployment Insurance Taxes and Labor Demand: Quasi-Experimental Evidence from Administrative Data

By Andrew C. Johnston

American Economic Journal: Economic Policy, February 2021

To finance unemployment insurance, states raise payroll tax rates on employers who engage in layoffs. Tax rates are, therefore, highest for firms after downturns, potentially hampering labor-market recovery. Using full-population, administrative records f...

The globalization of American universities

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Foreign students are a growing presence on college campuses. Whether they stay in the United States after graduation largely depends on job opportunities back home.

Call for Papers on Inequality for the Statistics, Politics and Policy journal

[News]

March 02, 2021

The deadline for submission is August 1, 2021.

Supreme polarization

[Research Highlight]

February 26, 2021

University of Chicago law professor Daniel Hemel discusses whether the nation’s highest court is facing a legitimacy crisis and, if so, what to do about it.

Recorded sessions from the 2021 ASSA Annual Meeting are now available, compliments of the AEA.

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View research on a wide variety of economics topics presented by speakers from all areas of the discipline.

Good-bye Lenin (or Not?): The Effect of Communism on People's Preferences

By Alberto Alesina and Nicola Fuchs-Schündeln

American Economic Review, September 2007

Preferences for redistribution, as well as the generosity of welfare states, differ significantly across countries. This paper tests whether there exists a feedback process of the economic regime on individual preferences. We exploit the experiment of Ger...

Behavioral and Experimental Macroeconomics and Policy Analysis: A Complex Systems Approach

By Cars Hommes

Journal of Economic Literature, March 2021

This survey discusses behavioral and experimental macroeconomics, emphasizing a complex systems perspective. The economy consists of boundedly rational heterogeneous agents who do not fully understand their complex environment and use simple decision he...

Economic Inequality in Preindustrial Times: Europe and Beyond

By Guido Alfani

Journal of Economic Literature, March 2021

Recent literature has reconstructed estimates of wealth and income inequality for a range of preindustrial, mostly European, societies covering medieval and early modern times, occasionally reaching back to antiquity and even prehistory. These estimates...

Capital Controls: Theory and Evidence

By Bilge Erten, Anton Korinek, and José Antonio Ocampo

Journal of Economic Literature, March 2021

This paper synthesizes recent advances in the theoretical and empirical literature on capital controls. We start by observing that international capital flows have both benefits and costs, but some of these are not internalized by individual actors and ...

Directed Search and Competitive Search Equilibrium: A Guided Tour

By Randall Wright, Philipp Kircher, Benoît Julien, and Veronica Guerrieri

Journal of Economic Literature, March 2021

This essay surveys the literature on directed search and competitive search equilibrium, covering theory and a variety of applications. These models share features with traditional search theory, but also differ in important ways. They share features with...