Lessons from the Biggest Business Tax Cut in US History

[Symposium: The Tax Cuts and Jobs Act of 2017]

By Gabriel Chodorow-Reich, Owen Zidar, and Eric Zwick

Journal of Economic Perspectives, Summer 2024

We assess the business provisions of the 2017 Tax Cuts and Jobs Act, the biggest corporate tax cut in US history. We draw five lessons. First, corporate tax revenue fell by 40 percent due to the lower rate and more generous expensing. Second, firms with...

US International Corporate Taxation after the Tax Cuts and Jobs Act

[Symposium: The Tax Cuts and Jobs Act of 2017]

By Kimberly A. Clausing

Journal of Economic Perspectives, Summer 2024

The root dilemma that informs the past, present, and future of US international taxation is the tension between two desiderata: protecting the corporate tax base from erosion and ensuring the competitiveness of US multinational firms in the world econom...

On the Economics of Extinction and Possible Mass Extinctions

By M. Scott Taylor and Rolf Weder

Journal of Economic Perspectives, Summer 2024

Human beings' domination of the planet has not been kind to many species. This is to be expected. Humans have radically altered natural landscapes, harvested heavily from the ocean, and altered the climate in an unprecedented way. Recent concerns over t...

License to die

[Research Highlight]

December 01, 2021

What impact does driving have on teenage mortality and risky behavior?

AEA Member Announcements: Annual Elections and Other Announcements

[News]

April 12, 2024

View member announcements from April 22, 2024.

Slate of Candidates for the 2024 AEA Election

[News]

April 16, 2024

Balloting opens on August 1, 2024.

AEA Guidance on the 2024-25 Economics Job Market Cycle

[News]

August 05, 2024

View the AEA Member Announcement from August 5th, 2024.

The Evolution of Local Labor Markets after Recessions

By Brad Hershbein and Bryan A. Stuart

American Economic Journal: Applied Economics, July 2024

This paper studies how US local labor markets respond to employment losses that occur during recessions. Following recessions from 1973 through 2009, we find areas that lose more jobs during the recession experience persistent relative declines in employm...

Why Didn't the College Premium Rise Everywhere? Employment Protection and On-the-Job Investment in Skills

By Matthias Doepke and Ruben Gaetani

American Economic Journal: Macroeconomics, July 2024

Why has the college wage premium risen rapidly in the United States since the 1980s but not in European economies such as Germany? We argue that differences in employment protection can account for much of the gap. We develop a model in which firms and wo...

2024 ASSA Annual Meeting

[Page]

AEA Election – Check Your Inbox for Your Ballot

[News]

August 19, 2024

View the AEA Member Announcement from August 19th, 2024.

Explaining differences in the college wage premium across countries

[Research Highlight]

August 14, 2024

Do employment protection policies help buoy the wages of less educated workers relative to their more educated counterparts?

Curtailing Mafia influence

[Page]

Dismissing corrupt city councils promoted long-run economic benefits in Italian municipalities.

The political power of historical narratives

[Research Highlight]

July 29, 2024

Christian Ochsner discusses a campaign by Austria’s far-right populists to link historic atrocities to Muslim minorities.

Corporate bonds, congestion pricing, and tipping

[News]

July 09, 2024

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

AEA Award and Grant Opportunities – Act Now

[News]

August 15, 2024

View the AEA Member Announcement from August 19th, 2024.

Abortion and health care

[Page]

Does legal abortion reduce maternal mortality?

Annual Meeting Registration and Other Announcements

[News]

August 28, 2024

View the AEA Member Announcement from August 28th, 2024.

Broader economic impacts of the Paycheck Protection Program

[Research Highlight]

August 27, 2024

Brent Ambrose discusses the spillover effects of the PPP on the commercial real estate market.

Did the Paycheck Protection Program Help Small Businesses? Evidence from Commercial Mortgage-Backed Securities

By Sumit Agarwal, Brent W. Ambrose, Luis A. Lopez, and Xue Xiao

American Economic Journal: Economic Policy, August 2024

In this study, we examine the broader economic effects of the US federal government's Paycheck Protection Program by focusing on the performance of securitized commercial mortgages. We provide novel evidence for spillover effects of government interventio...