Recommendations for Further Reading

By Timothy Taylor

Journal of Economic Perspectives, Summer 2022

The Economics of Intangible Capital

[Symposium: Intangible Capital]

By Nicolas Crouzet, Janice C. Eberly, Andrea L. Eisfeldt, and Dimitris Papanikolaou

Journal of Economic Perspectives, Summer 2022

Intangible assets are a large and growing part of firms' capital stocks. Intangibles are accumulated via investment--foregoing consumption today for output in the future—but they lack a physical presence. Rather than stopping with this "lack," we inst...

Intangible Capital and Modern Economies

[Symposium: Intangible Capital]

By Carol Corrado, Jonathan Haskel, Cecilia Jona-Lasinio, and Massimiliano Iommi

Journal of Economic Perspectives, Summer 2022

The production of goods and services is central to understanding economies. The textbook description of a firm, typically in agriculture or manufacturing, focuses on its physical "tangible" capital (machines), labor (workers), and the state of "know-how...

Marketing Investment and Intangible Brand Capital

[Symposium: Intangible Capital]

By Bart J. Bronnenberg, Jean-Pierre Dubé, and Chad Syverson

Journal of Economic Perspectives, Summer 2022

US companies invested over $500 billion in 2021 in intangible brand capital, over 2% of GDP. During the past decade, US companies have also been growing their internal marketing capabilities, an often overlooked source of human capital. We discuss the pri...

Four Facts about Human Capital

[Symposium: Human Capital]

By David J. Deming

Journal of Economic Perspectives, Summer 2022

This paper synthesizes what economists have learned about human capital since Becker (1962) into four stylized facts. First, human capital explains at least one-third of the variation in labor earnings within countries and at least half of the variation a...

The Post-Pandemic Economy, Indian Development, and Fixing Downtown Freeways

[News]

July 20, 2022

Reading recommendations from Timothy Taylor, managing editor of the Journal of Economic Perspectives.

The mixed effects of community colleges

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Do two-year colleges boost earnings for those who attend?

AEA Award and Grant Opportunities – Act Now

[News]

August 10, 2022

View the Member Announcement from August 15, 2022.

AEA Award and Grant Opportunities – Act Now

[News]

August 16, 2022

View the communication to Department Chairs from August 16, 2022

Mentoring for Undergraduates

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Information for undergraduates pursuing economics degrees from CSWEP

CSMGEP Profiles: Darrick Hamilton

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ASSA 2023 Job Market

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ASSA 2023 KiddieCorp (Childcare)

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Annual Meeting Registration and Other Announcements

[News]

August 25, 2022

View member announcement from August 29, 2022.

Front Matter

American Economic Review, September 2022

Dispersed Behavior and Perceptions in Assortative Societies

By Mira Frick, Ryota Iijima, and Yuhta Ishii

American Economic Review, September 2022

We formulate a model of social interactions and misinferences by agents who neglect assortativity in their society, mistakenly believing that they interact with a representative sample of the population. A key component of our approach is the interplay be...

Rational Illiquidity and Consumption: Theory and Evidence from Income Tax Withholding and Refunds

By Michael Gelman, Shachar Kariv, Matthew D. Shapiro, and Dan Silverman

American Economic Review, September 2022

Low liquidity and a high marginal propensity to consume are tightly linked. This paper analyzes this link in the context of income tax withholding and refunds. A theory of rational cash management with income uncertainty endogenizes the relationship betwe...

Belief Elicitation and Behavioral Incentive Compatibility

By David Danz, Lise Vesterlund, and Alistair J. Wilson

American Economic Review, September 2022

Subjective beliefs are crucial for economic inference, yet behavior can challenge the elicitation. We propose that belief elicitation should be incentive compatible not only theoretically but also in a de facto behavioral sense. To demonstrate, we show th...

Measuring Racial Discrimination in Bail Decisions

By David Arnold, Will Dobbie, and Peter Hull

American Economic Review, September 2022

We develop new quasi-experimental tools to measure disparate impact, regardless of its source, in the context of bail decisions. We show that omitted variables bias in pretrial release rate comparisons can be purged by using the quasi-random assignment of...

Experimental Cost of Information

By Tommaso Denti, Massimo Marinacci, and Aldo Rustichini

American Economic Review, September 2022

We relate two main representations of the cost of acquiring information: a cost that depends on the experiment performed, as in statistical decision theory, and a cost that depends on the distribution of posterior beliefs, as in applications of rational i...