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Bank Risk-Taking, Credit Allocation, and Monetary Policy Transmission: Evidence from China

By Xiaoming Li, Zheng Liu, Yuchao Peng, and Zhiwei Xu

American Economic Journal: Macroeconomics

Using confidential loan-level data, we examine how Basel III influenced the responses of bank risk-taking to monetary policy shocks in China. We use a difference-in-differences (DID) approach, exploiting disparities in lending behavior between high- an...

www.aeaweb.org/articles?id=10.1257/mac.20220177

Schedule and Pricing

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www.aeaweb.org/joe/employer/view-schedule-and-pricing

Editors

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www.aeaweb.org/journals/aer/editors

Minority Salience and Criminal Justice Decisions

By Kyra Hanemaaijer, Nadine Ketel, and Olivier Marie

American Economic Review: Insights

Decision-makers can exhibit biases when they overemphasize particularly salient features under limited attention. We exploit a sudden salience shock involving individuals of Moroccan descent to examine biases within the Dutch criminal justice system. Th...

www.aeaweb.org/articles?id=10.1257/aeri.20240638

Work from Home and Disability Employment

By Nicholas Bloom, Gordon B. Dahl, and Dan-Olof Rooth

American Economic Review: Insights

There has been a dramatic rise in disability employment since the pandemic. At the same time, work from home (WFH) has risen four-fold. This paper asks whether the two are causally related. Controlling for compositional changes and labor market tightnes...

www.aeaweb.org/articles?id=10.1257/aeri.20240538

Different Paths to College Success: The Impact of Massachusetts’ Charter Schools on College Trajectories

By Sarah R. Cohodes and Astrid Pineda

American Economic Review: Insights

The charter school movement encompasses many school models. In Massachusetts in the 2010’s, the site of our study, urban charter schools primarily used “No Excuses” practices, whereas nonurban charters had greater model variety. Using randomized a...

www.aeaweb.org/articles?id=10.1257/aeri.20240391

Power Flows: Transmission Lines, Allocative Efficiency, and Corporate Profits

By Catherine Hausman

American Economic Review, August 2025

Accelerated investment in electricity transmission could reduce total costs and enhance renewable integration. I document static allocative inefficiencies induced by incomplete market integration in 2 major US markets; these have risen over time and total...

www.aeaweb.org/articles?id=10.1257/aer.20240276

Age at School Entry and Human Capital Development: Evidence from Lesotho

By Jan-Walter De Neve, Ramaele Moshoeshoe, and Jacob Bor

American Economic Journal: Applied Economics

There is scant evidence on the impact of school-entry age in lower-income countries. We assess the impact of school starting age on human capital development in Lesotho, exploiting an enrollment age threshold. Children who start primary school at an old...

www.aeaweb.org/articles?id=10.1257/app.20230709

Labor Market Power and Development

By Tristany Armangué-Jubert, Nezih Guner, and Alessandro Ruggieri

American Economic Review: Insights, June 2025

Imperfect competition in labor markets can lead to efficiency losses and lower aggregate output. This paper examines how variations in labor market competitiveness may account for differences in GDP per capita among countries. By structurally estimating a...

www.aeaweb.org/articles?id=10.1257/aeri.20230564