Recommendations for Further Reading

By Timothy Taylor

Journal of Economic Perspectives, Fall 2022

Facts and Fantasies about Wage Setting and Collective Bargaining

[Symposium: Labor Market Institutions]

By Manudeep Bhuller, Karl Ove Moene, Magne Mogstad, and Ola L. Vestad

Journal of Economic Perspectives, Fall 2022

In this article, we document and discuss salient features of collective bargaining systems in the OECD countries, with the goal of debunking some misconceptions and myths and revitalizing the general interest in wage setting and collective bargaining. We ...

Is There Any Future for a US Labor Movement?

[Symposium: Labor Market Institutions]

By Suresh Naidu

Journal of Economic Perspectives, Fall 2022

A recent flurry of labor movement activity has been driven by younger workers, tight labor markets, and a sympathetic federal government. Nonetheless, US union density remains low, even as unions remain popular. This is because employer opposition and US ...

The German Model of Industrial Relations: Balancing Flexibility and Collective Action

[Symposium: Labor Market Institutions]

By Simon Jäger, Shakked Noy, and Benjamin Schoefer

Journal of Economic Perspectives, Fall 2022

We give an overview of the "German model" of industrial relations. We organize our review by focusing on the two pillars of the model: sectoral collective bargaining and firm-level codetermination. Relative to the United States, Germany outsources colle...

Danish Flexicurity: Rights and Duties

[Symposium: Labor Market Institutions]

By Claus Thustrup Kreiner and Michael Svarer

Journal of Economic Perspectives, Fall 2022

Denmark is one of the richest countries in the world and achieves this in combination with low inequality, low unemployment, and high-income security. This performance is often attributed to the Danish labor market model characterized by what has become...

Digital currencies, distressed places, and immigration

[News]

November 03, 2022

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

Life cycle income profiles

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Lifetime earnings data provide insights on how average earnings for men and women in the United States have changed over time.

The costs of cultural traditions

[Research Highlight]

November 14, 2022

Eduardo Montero and Dean Yang discuss the long-term economic consequences of religious festivals in Mexico that coincide with peak planting or harvest months.

Religious Festivals and Economic Development: Evidence from the Timing of Mexican Saint Day Festivals

By Eduardo Montero and Dean Yang

American Economic Review, October 2022

Does variation in how religious festivals are celebrated have economic consequences? We study the economic impacts of the timing of Catholic patron saint day festivals in Mexico. For causal identification, we exploit cross-locality variation in festival d...

David Card, Distinguished Fellow 2022

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Message from the AEA President about policy on harassment and discrimination

[News]

November 10, 2022

View the AEA Member Announcement from November 11th, 2022.

More information, more polarization

[Page]

Do efforts at persuasion in modern autocracies entrench political opinions?

Front Matter

American Economic Review, December 2022

Earnings Inequality and the Minimum Wage: Evidence from Brazil

By Niklas Engbom and Christian Moser

American Economic Review, December 2022

Increases in the minimum wage can substantially reduce earnings inequality. To demonstrate this, we combine administrative and survey data with an equilibrium model of the Brazilian labor market. We find that a 128 percent increase in the real minimum wag...

Interaction, Stereotypes, and Performance: Evidence from South Africa

By Lucia Corno, Eliana La Ferrara, and Justine Burns

American Economic Review, December 2022

We exploit a policy designed to randomly allocate roommates in a large South African university to investigate whether interracial interaction affects stereotypes, attitudes and performance. Using implicit association tests, we find that living with a roo...

Dynamic Matching in Overloaded Waiting Lists

By Jacob D. Leshno

American Economic Review, December 2022

This paper introduces a stylized model to capture distinctive features of waiting list allocation mechanisms. First, agents choose among items with associated expected wait times. Waiting times serve a similar role to that of monetary prices in directing ...

Optimality of Matched-Pair Designs in Randomized Controlled Trials

By Yuehao Bai

American Economic Review, December 2022

In randomized controlled trials, treatment is often assigned by stratified randomization. I show that among all stratified randomization schemes that treat all units with probability one half, a certain matched-pair design achieves the maximum statistical...

Convex Supply Curves

By Christoph E. Boehm and Nitya Pandalai-Nayar

American Economic Review, December 2022

We provide evidence that industries' supply curves are convex. To guide our empirical analysis, we develop a model in which capacity constraints at the firm level generate supply curves that are convex in logs at the industry level. The industry's capacit...