Learning from Manipulable Signals

By Mehmet Ekmekci, Leandro Gorno, Lucas Maestri, Jian Sun, and Dong Wei

American Economic Review, December 2022

We study a dynamic stopping game between a principal and an agent. The principal gradually learns about the agent's private type from a noisy performance measure that can be manipulated by the agent via a costly and hidden action. We fully characterize th...

Dynamic Amnesty Programs

By Sam Kapon

American Economic Review, December 2022

A regulator faces a stream of agents engaged in crimes with stochastic returns. The regulator designs an amnesty program, committing to a time path of punishments for criminals who report their crimes. In an optimal program, time variation in the returns ...

Family Heterogeneity, Human Capital Investment, and College Attainment

By Adam Blandin and Christopher Herrington

American Economic Journal: Macroeconomics, October 2022

From 1995 to 2015 the aggregate US college completion rate increased almost 50 percent, but completion trends differed markedly by family background. We consider whether changing college preparedness contributed to growth in aggregate completion and diffe...

Parental investment and educational attainment

[Research Highlight]

November 22, 2022

How does family background affect college completion?

Journal of Economic Literature Associate Editor search -- request for candidates

[News]

November 29, 2022

Webinar on the Job Market for new Economics Ph.D.s, hosted by the AEA Committee on the Job Market

[News]

November 30, 2022

Wage Cyclicality and Labor Market Sorting

By Ana Figueiredo

American Economic Review: Insights, December 2022

This paper uses a measure of skill mismatch to separate wage flexibility from confounding variation in wages driven by differences in job quality over the business cycle. I first show that the high cyclicality of job switchers' wages goes beyond cyclical ...

Using Neural Networks to Predict Microspatial Economic Growth

By Arman Khachiyan, Anthony Thomas, Huye Zhou, Gordon Hanson, Alex Cloninger, Tajana Rosing, and Amit K. Khandelwal

American Economic Review: Insights, December 2022

We apply deep learning to daytime satellite imagery to predict changes in income and population at high spatial resolution in US data. For grid cells with lateral dimensions of 1.2 km and 2.4 km (where the average US county has dimension of 51.9 km), our ...

The Limits of Multiproduct Price Discrimination

By Nima Haghpanah and Ron Siegel

American Economic Review: Insights, December 2022

We consider a multiproduct seller who has access to information about consumer preferences that he can use for second- and third-degree price discrimination. We characterize markets for which such information can lead to the efficient allocation with cons...

Getting Permission

By Peicong Hu and Joel Sobel

American Economic Review: Insights, December 2022

A manager has access to expert advisers. The manager selects at most one project and can implement it only if one expert provides support. The game in which the manager consults experts simultaneously typically has multiple equilibria, including one in wh...

Rapid Dynamics of Top Wealth Shares and Self-Made Fortunes: What Is the Role of Family Firms?

By Andrew G. Atkeson and Magnus Irie

American Economic Review: Insights, December 2022

We derive an analytical link between the fast dynamics of inequality at the top of the wealth distribution and the prevalence of newly created fortunes. Specifically, in the context of a random growth model of wealth accumulation, the shape of the top of ...

A Taste of Their Own Medicine: Guideline Adherence and Access to Expertise

By Amy Finkelstein, Petra Persson, Maria Polyakova, and Jesse M. Shapiro

American Economic Review: Insights, December 2022

We use administrative data from Sweden to study adherence to 63 medication-related guidelines. We compare the adherence of patients without personal access to medical expertise to that of patients with access, namely doctors and their close relatives. We ...

Front Matter

American Economic Review: Insights, December 2022

Partisan Fertility and Presidential Elections

By Gordon B. Dahl, Runjing Lu, and William Mullins

American Economic Review: Insights, December 2022

Changes in political leadership drive sharp changes in public policy and partisan beliefs about the future. We exploit the surprise 2016 election of Trump to identify the effects of a shift in political power on one of the most consequential household dec...

CSMGEP Profile: Vicki Bogan

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Social media and depression

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How did the rollout of Facebook affect the mental health of college students?

Webinar on the Job Market for New Economics Ph.D.s (2022)

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Watch the 2022 Webinar on the Job Market for New Economics Ph.D.s

Annual Meeting Registration and Other Announcements

[News]

November 21, 2022

View the AEA Member Announcement from November 28th, 2022.

AEA/CSWEP Panel at ASSA 2023: Sexual Harassment in the Economics Profession: Lessons Learned and the Way Forward

[News]

December 06, 2022

View the AEA Member Announcement from December 7th, 2022.

Legal Markets

By Gillian K. Hadfield

Journal of Economic Literature, December 2022

The existence of an effective legal system is assumed throughout economic analysis, and yet there has been little study of the economics of legal markets themselves. Research to date has focused narrowly on the economics of markets for lawyers. In this re...