Who Gets a Family? The Consequences of Family and Congregate Care Allocation for Child Outcomes

By Cameron Taylor

American Economic Journal: Applied Economics

Hundreds of thousands of children grow up in the US foster care system every year and are at high risk of experiencing negative outcomes such as incarceration and homelessness. This paper documents how the placement of foster children into families rat...

Detection of Collusive Networks in Multistage Auctions

By Bruno Baránek, Leon Musolff, and Vítězslav Titl

American Economic Journal: Applied Economics

We develop a method for detecting cartels in multistage auctions. Our approach allows firms to act collusively against cartel members yet competitively otherwise. In these auctions, bidders submit initial bids and can later revise them downward. As init...

Understanding liquidity traps

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Lessons from Roosevelt's monetary policy changes and the end of the Great Depression.

View and download AEA digital literature

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Perils of the Paperwork: The Impact of Information and Application Assistance on Social Benefit Take-Up in India

By Sarika Gupta

American Economic Journal: Economic Policy

Governments worldwide administer social programs for vulnerable groups, yet many eligible citizens fail to benefit. This paper studies barriers to take-up of an unconditional cash transfer program for poor women in Delhi, India, where only one-third of...

On-Demand Assistance: Experimental Evidence from Indonesia

By Rema Hanna, Benjamin A. Olken, Sudarno Sumarto, Achmad Maulana, Vivi Alatas, and Elan Satriawan

American Economic Journal: Economic Policy

Given labor informality in developing countries, addressing employment shocks is challenging. We study Indonesia’s new approach for on-demand online applications for temporary cash assistance and online job training. Through 20 lotteries over two year...

Trade Protection Along Supply Chains

By Chad P. Bown, Paola Conconi, Aksel Erbahar, and Lorenzo Trimarchi

American Economic Journal: Economic Policy

We combine detailed information on US temporary trade barriers during 1989-2020 with input-output data to study the effects of trade protection along supply chains. We focus on measures imposed against China, which has been the main target of trade protec...

Call for Papers: 2026 Fintech and Financial Institutions Research Conference

[News]

December 11, 2025

The submission deadline is December 31, 2025.

Liquidity Constraints and the Value of Insurance

By Keith M. Ericson and Justin Sydnor

American Economic Journal: Microeconomics

Insurance moves resources across both time and states. We study the consumptionsmoothing benefits of insurance under liquidity constraints in a model where contracts span multiple consumption periods. The normative benchmarks for insurance demand under...

Failures of Contingent Reasoning in Annuitization Decisions

By Erzo F.P. Luttmer, Priscila De Oliveira, and Dmitry Taubinsky

American Economic Journal: Microeconomics

This paper studies psychological biases in take-up of annuities, using an incentivized experiment with a probability-based sample (N = 3,038). Choosing an annuity was payoff-maximizing in the experiment at all prices, but take-up was incomplete and pri...

The Missing Loan-to-Value Cycle

By Manuel Adelino, W. Ben McCartney, and Antoinette Schoar

American Economic Review: Insights

We show that the equilibrium loan-to-value (LTV) distribution in the US mortgage market has been remarkably stable over the last quarter century, both in aggregate and region-by-region, despite large, cross-sectionally heterogeneous house price cycles....

Technological spillovers

[Research Highlight]

November 04, 2025

Shawn Kantor and Alexander Whalley discuss the long-term effects of public R&D investment made during the Cold War–era space race.

Prioritizing Benefit? How Low-Income Patients Respond to Prescription Cost-Sharing

By Christopher Hollrah

American Economic Journal: Economic Policy

This paper measures how cost-sharing impacts older low-income patients, exploiting a disconti-nuity in eligibility for a prescription drug subsidy for those who lose access to the Medicaid-linked program. Higher drug prices resulting from subsidy loss lea...

Sequential Protest Formation

By Benjamin Matta

American Economic Journal: Microeconomics

People participate in protests even though it is costly, benefits are not exclusive to participants, and each individual is unlikely to be pivotal. Building on these characteristics, I propose a sequential model of protest formation where opportunities t...

Register Now for Wednesday's Live Workshop about Navigating Authorship

[News]

December 12, 2025

View the AEA Member Announcement from December 15th, 2025.

Good Company: Economic Policy after Shareholder Primacy by Lenore Palladino

By Ryan Bubb

Journal of Economic Literature

What is Newsworthy? Theory and Evidence

By Luis Armona, Matthew Gentzkow, Emir Kamenica, and Jesse M. Shapiro

American Economic Review: Insights

We introduce a model in which a benevolent news outlet decides whether to report the realization of a state to a consumer, who pays a cost to receive it. A simple statistical rule, called a proper scoring rule, describes when the outlet should be more ...

Increasing Degree Attainment among Low-Income Students: The Role of Intensive Advising and College Quality

By Andrew Barr and Benjamin Castleman

American Economic Review, November 2025

A college degree offers a pathway to economic mobility for low-income students. Using a multisite randomized controlled trial combined with administrative and survey data, we demonstrate that intensive advising during high school and college significantly...

Moonshot: Public R&D and Growth

By Shawn Kantor and Alexander Whalley

American Economic Review, September 2025

We estimate the long-term effect of public R&D on growth in manufacturing by analyzing new data from the Cold War–era space race. We develop a novel empirical strategy that leverages US-Soviet rivalry in space technology to isolate windfall R&D spending...

Are Building Codes an Effective Adaptation to Wind Risk? Evidence from Remotely Detected Blue Tarps

By David Wolf and Kenji Takeuchi

American Economic Journal: Economic Policy

Hurricanes cause significant wind and water damage, yet economic research primarily focuses on the latter due to data limitations. We overcome this problem by analyzing photographs taken after Hurricane Irma (2017) to locate blue-tarped homes. Using a r...