Effects of Enhanced Legal Aid in Child Welfare: Evidence from a Randomized Trial of Mi Abogado

By Ryan Cooper, Joseph J. Doyle, and Andrés Hojman

American Economic Review, July 2025

Children spend years in foster care, and bureaucratic hurdles can unnecessarily prolong their stays. The Mi Abogado program was introduced in Chile to enhance legal aid for foster children and accelerate family reunification. In a novel approach, the Chil...

Mission Motivation and Public Sector Performance: Experimental Evidence from Pakistan

By Muhammad Yasir Khan

American Economic Review, July 2025

This paper studies, through a randomized field experiment involving community health workers in Pakistan, if public sector organizations can improve worker performance by investing in their mission motivation. The findings reveal that training aimed at st...

The Long-Run Effects of Government Spending

By Juan Antolin-Diaz and Paolo Surico

American Economic Review, July 2025

Military spending has large and persistent effects on output because it shifts the composition of public spending toward R&D. This boosts innovation and private investment in the medium term and increases productivity and GDP at longer horizons. Public R&...

Home Price Expectations and Spending: Evidence from a Field Experiment

By Felix Chopra, Christopher Roth, and Johannes Wohlfart

American Economic Review, July 2025

We conduct a field experiment with US households to study how expectations about long-run home price growth shape spending decisions. We exogenously vary survey respondents' expectations by providing different expert forecasts. Homeowners' spending, measu...

A Learning Model of Financial Instability

By Noah Williams

American Economic Journal: Macroeconomics

I develop an adaptive learning model where periods of stability lead to periods of instability, similar to Minsky’s financial instability hypothesis. In tranquil times, investors increase their subjective risk-return assessments. They buy more stocks...

Mastering Mostly Harmless Econometrics - Part 5

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Mastering Mostly Harmless Econometrics - Part 6

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Mastering Mostly Harmless Econometrics - Part 7

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Mastering Mostly Harmless Econometrics - Part 8

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Slate of Candidates for the 2025 AEA Election

[News]

April 28, 2025

Balloting opens on August 1, 2025.

Midcentury stagnation in health and education

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There was steady decline in the well-being of American cohorts born between 1947 and the mid-1960s.

Procedures Upon Receipt of Complaints Regarding Conduct of AEA Members

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AEA Committee News and Announcements

[News]

July 14, 2025

View the AEA Member Announcement from July 15, 2025.

CSMGEP Profiles: Angelino Viceisza

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Math has always been an important factor in Angelino Viceisza’s life. But when he adds it all up, mentors have been what made the difference.

2025 Annual Election

[News]

July 24, 2025

View the AEA Member Announcement from July 24, 2025.

AEA Templates

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We offer templates in different formats for manuscript native files.

Call for Papers: Sydney Annual Business Research Conference (SABRC) 2026

[News]

July 28, 2025

The submission deadline is November 21, 2025.

Diversity and scientific focus

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Does a more diverse undergraduate student body inspire new research on underrepresented populations?

Front Matter

American Economic Journal: Microeconomics, August 2025

Contracting Environments and Efficiency in Markets with Hidden Information: An Experiment

By Wanda Mimra and Christian Waibel

American Economic Journal: Microeconomics, August 2025

This paper provides the first systematic analysis of the role of contracting environments on market outcomes and efficiency in markets with hidden information using experimental methods. When markets are plagued by hidden information, competition does not...