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October 03, 2025

View the AEA Member Announcement from October 3rd, 2025.

2026 Elected AEA Officers

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Learn more about the new officers elected for 2026.

AEA Leadership

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Learn about AEA leadership including current and former officers

Career in Economics Video

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Una Carrera en Economía (Spanish Version)

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State Recreational Cannabis Laws and Racial Disparities in the Criminal Legal System

By Angélica Meinhofer, Adrian Rubli, and Jamein P. Cunningham

American Economic Journal: Economic Policy

We estimate the direct and spillover effects of cannabis legalization on longstanding racial disparities in criminal justice outcomes. We find that legalization reduces cannabis possession and sales arrests forWhite and Black populations, narrowing but...

The Unintended Consequences of Academic Leniency

By A. Brooks Bowden, Viviana Rodriguez, and Zach Weingarten

American Economic Journal: Economic Policy

Education is widely recognized as the primary driver of human capital accumulation. However, policies designed to promote educational attainment often overlook students’ endogenous responses. This paper provides empirical evidence of the causal impact...

The Segregative Effects of Charter Schools

By Angela Crema

American Economic Journal: Economic Policy

I study the effects of charters on student racial segregation, identifying a novel mechanism: the assignment of white and nonwhite students to regular classrooms within their school-grade. Exploiting almost 100 entries of elementary charters in North Ca...

Tax Compliance in the Rental Housing Market: Evidence from a Field Experiment

By Essi Eerola, Tuomas Kosonen, Kaisa Kotakorpi, and Teemu Lyytikäinen

American Economic Journal: Economic Policy

We study rental income tax compliance using novel third-party information and a large-scale randomized field experiment. The third-party information combines register data on the ownership and occupancy of apartments. The RCT used this new thirdparty ...

Punishing Financial Crimes: The Impact of Prison Sentences on Defendants and Their Colleagues

By Kristiina Huttunen, Martti Kaila, David C. Macdonald, and Emily Nix

American Economic Journal: Economic Policy

Financial crimes are costly to society but less severely punished than other nonviolent crimes. We investigate whether prison sentences reduce financial crimes. Using random assignment of judges in Finland to identify causal impacts, we find a prison se...

Fostering Cooperation: The Conflict-Reducing Effects of Inter-Village Competition for Government Transfers

By Teevrat Garg, Caterina Gennaioli, Stefania Lovo, and Gregor Singer

American Economic Journal: Applied Economics

We examine the effect of inter-group competition on within-group violent conflict in Indonesia. Using a triple-differences design, we find that higher competition for national government transfers between villages reduces within-village conflict. These ...

Turbocharging Profits? Contract Gaming and Revenue Allocation in Healthcare

By Atul Gupta, Ambar La Forgia, and Adam Sacarny

American Economic Journal: Applied Economics

Firms often exploit weaknesses in government contracts to boost revenues, yet little is known about how they allocate these funds. We study how hospitals allocated $3 billion obtained from gaming a Medicare loophole. The average gaming hospital increase...

Unconditional Convergence in Manufacturing: A Reassessment

By Berthold Herrendorf, Richard Rogerson, and Ákos Valentinyi

American Economic Review: Insights

The movement of labor out of the agricultural sector is a central feature of the development process. A long-held belief is that successful development requires that much of the labor released from agriculture be allocated to manufacturing rather than ...

Ombuds Drop-in Hour Available Today

[News]

October 08, 2025

View the AEA Member Announcement from October 8th, 2025.

Housing supply skepticism

[Research Highlight]

October 06, 2025

Christopher Elmendorf discusses the views of the US public on the housing market.

Taxing the Wealth of the Poor: Evidence from the Danish Old-Age Support Asset Test

By Niels Johannesen, Johan Sæverud, and Emmanuel Saez

American Economic Review: Insights

We document strong behavioral responses to an asset test for an old-age support program in Denmark using comprehensive administrative data. We show that the density distribution of the liquid assets targeted by the test exhibits large but diffuse excess...

Monopsony in Labor Markets: Theory, Evidence, and Public Policy by Brianna L. Alderman and Roger D. Blair

By Marshall Steinbaum

Journal of Economic Literature

Economist Nobel Laureates

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Entertainment technology and work behavior

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How did the rollout of broadcast television during the mid-twentieth century affect labor supply decisions in the United States?

Agent-Based Modeling in Economics and Finance: Past, Present, and Future

By Robert L. Axtell and J. Doyne Farmer

Journal of Economic Literature, March 2025

Agent-based modeling (ABM) is a novel computational methodology for representing the behavior of individuals in order to study social phenomena. Its use is rapidly growing in many fields. We review ABM in economics and finance and highlight how it can be ...