Industrial Policy: Lessons from Shipbuilding

[Symposium: Industrial Policy]

By Panle Jia Barwick, Myrto Kalouptsidi, and Nahim Bin Zahur

Journal of Economic Perspectives, Fall 2024

Industrial policy has been used throughout history in some form or other by most countries. Yet, it remains one of the most contentious issues among policy makers and economists alike. In part, this is because the empirical evidence on whether and how it ...

Semiconductors and Modern Industrial Policy

[Symposium: Industrial Policy]

By Chad P. Bown and Dan Wang

Journal of Economic Perspectives, Fall 2024

Semiconductors have emerged as a headline in the resurgence of modern industrial policy. This paper explores the political economic history of the sector, the changing nature of the semiconductor supply chain, and the new sources of concern that have moti...

Origins of the 40-hour workweek

[Research Highlight]

November 01, 2024

How did workweek restrictions instituted during the Great Depression impact US labor markets?

Labor Market Effects of Workweek Restrictions: Evidence from the Great Depression

By Price Fishback, Chris Vickers, and Nicolas L. Ziebarth

American Economic Journal: Macroeconomics, October 2024

We study the effects of restrictions on the length of the workweek under the President's Reemployment Agreement (PRA) of July 1933 and the National Industrial Recovery Act. We construct a model in which the equilibrium without such a workweek restriction ...

Automation, construction costs, and pioneering economic theories

[News]

October 24, 2024

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

Recommendations for Further Reading

By Timothy Taylor

Journal of Economic Perspectives, Fall 2024

A Presentation on Presenting

[Page]

Watch A Presentation on Presenting (2024)

Register Now for the Live Workshop Hosted by the Ombuds Team on Wednesday, November 13

[News]

November 07, 2024

View the AEA Member Announcement from November 7, 2024.

CSMGEP Profiles: Remembering Rodney Andrews

[Page]

Rodney Andrews was the first member of his family to attend college, and much of the work he did in economics was aimed at finding ways to ensure other students could have the same shot at success.

Carbon pricing

[Page]

What do scholars recommend?

Call for Papers: Los Angeles Annual Business Research Conference 2025

[News]

November 14, 2024

The submission deadline is January 31, 2025.

Call for Proposals: Hong Kong Institute of Monetary and Financial Research - Open-bid Applied Research Programme

[News]

November 30, 2023

Deadline for submissions is January 19, 2024.

Call for Proposals: Hong Kong Institute of Monetary and Financial Research - Open-bid Applied Research Programme

[News]

November 19, 2024

The submission deadline is January 31, 2025.

Assessing the Effects of the 2017 Tax Cut and Jobs Act

[Research Highlight]

November 19, 2024

Eric Zwick discusses the impact of the TCJA on the tax code and the economy.

Don't Miss the AEA Panel Sessions at ASSA 2025!

[News]

August 19, 2024

Upcoming Committee Programs and Other Announcements

[News]

November 26, 2024

View the AEA Member Announcement from November 26, 2024.

Coordination with Differential Time Preferences: Experimental Evidence

By Marina Agranov, Jeongbin Kim, and Leeat Yariv

American Economic Review: Insights, December 2024

The experimental literature on repeated games has largely focused on settings where players discount the future identically. In applications, however, interactions often occur between players whose time preferences differ. We study experimentally the effe...

Is There Too Little Antitrust Enforcement in the US Hospital Sector?

By Zarek Brot, Zack Cooper, Stuart V. Craig, and Lev Klarnet

American Economic Review: Insights, December 2024

From 2002 to 2020, there were over 1,000 mergers of US hospitals. During this period, the FTC took enforcement actions against 13 transactions. However, using the FTC's standard screening tools, we find that 20 percent of these mergers could have been pre...

The Impact of Criminal Financial Sanctions: A Multistate Analysis of Survey and Administrative Data

By Keith Finlay, Matthew Gross, Carl Lieberman, Elizabeth Luh, and Michael Mueller-Smith

American Economic Review: Insights, December 2024

We estimate the impact of financial sanctions in the US criminal justice system, leveraging nine natural experiments in a regression discontinuity design framework across a diverse range of enforcement levels ($17–$6,000) and institutional environments....

Large Shocks Travel Fast

By Alberto Cavallo, Francesco Lippi, and Ken Miyahara

American Economic Review: Insights, December 2024

We document a sizeable increase in the frequency of price adjustments following the large energy shocks of 2022. We use a tractable New Keynesian model, calibrated to the preshock data, to interpret such a pattern. The calibration highlights the state dep...