The Margins of US Trade

By Andrew B. Bernard, J. Bradford Jensen, Stephen J. Redding, and Peter K. Schott

American Economic Review, May 2009

Information Design, Bayesian Persuasion, and Bayes Correlated Equilibrium

By Dirk Bergemann and Stephen Morris

American Economic Review, May 2016

A set of players have preferences over a set of outcomes. We consider the problem of an "information designer" who can choose an information structure for the players to serve his ends, but has no ability to change the mechanism (or force the players to m...

Measuring Uncertainty

By Kyle Jurado, Sydney C. Ludvigson, and Serena Ng

American Economic Review, March 2015

This paper exploits a data rich environment to provide direct econometric estimates of time-varying macroeconomic uncertainty. Our estimates display significant independent variations from popular uncertainty proxies, suggesting that much of the variation...

Early Childhood Intervention and Life-Cycle Skill Development: Evidence from Head Start

By David Deming

American Economic Journal: Applied Economics, July 2009

This paper provides new evidence on the long-term benefits of Head Start using the National Longitudinal Survey of Youth. I compare siblings who differ in their participation in the program, controlling for a variety of pre-treatment covariates. I esti...

Trade and Manufacturing Jobs in Germany

By Wolfgang Dauth, Sebastian Findeisen, and Jens Suedekum

American Economic Review, May 2017

The German economy exhibits rising service and declining manufacturing employment, but this decline is much sharper in import-competing than export-oriented branches. We first document the individual-level job transitions behind those trends. They are not...

Markets for Pollution Allowances: What Are the (New) Lessons?

[Symposium: Trading Pollution Permits]

By Lawrence H. Goulder

Journal of Economic Perspectives, Winter 2013

About 45 years ago a few economists offered the novel idea of trading pollution rights as a way of meeting environmental goals. Such trading was touted as a more cost-effective alternative to traditional forms of regulation, such as specific technology r...

Search Dynamics in Consumer Choice under Time Pressure: An Eye-Tracking Study

By Elena Reutskaja, Rosemarie Nagel, Colin F. Camerer, and Antonio Rangel

American Economic Review, April 2011

We study decisions that involve choosing between different numbers of options under time pressure using eye-tracking to monitor the search process of the subjects. We find that subjects are quite adept at optimizing within the set of items that they see, ...

Retrospectives: The Lost Art of Economics

By David Colander

Journal of Economic Perspectives, Summer 1992

Economists generally divide economics into two distinct categories—positive and normative—but how applied economics fits within these categories is unclear. This paper argues that applied economics belongs in neither normative nor positive eco...

Women's Work and Economic Development

[Symposium: Women and the Labor Market]

By Kristin Mammen and Christina Paxson

Journal of Economic Perspectives, Fall 2000

Using a cross-country dataset and microdata from India and Thailand, we examine how women's work status changes with economic development. Several clear patterns emerge: women's labor force participation first declines and then rises with development; wom...

Impact of Climate Change on Rice Production in Thailand

By John Felkner, Kamilya Tazhibayeva, and Robert Townsend

American Economic Review, May 2009

The Empirical Impact of Intellectual Property Rights on Innovation: Puzzles and Clues

By Josh Lerner

American Economic Review, May 2009

Demographic Patterns and Household Saving in China

By Chadwick C. Curtis, Steven Lugauer, and Nelson C. Mark

American Economic Journal: Macroeconomics, April 2015

This paper studies how demographic variation affects the aggregate household saving rate. We focus on China because it is experiencing an historic demographic transition and has had a massive increase in household saving. We conduct a quantitative investi...

Political Campaigns and Big Data

[Symposium: Big Data]

By David W. Nickerson and Todd Rogers

Journal of Economic Perspectives, Spring 2014

Modern campaigns develop databases of detailed information about citizens to inform electoral strategy and to guide tactical efforts. Despite sensational reports about the value of individual consumer data, the most valuable information campaigns acquire ...

Just Luck: An Experimental Study of Risk-Taking and Fairness: Erratum

By Alexander W. Cappelen, James Konow, Erik Ø. Sørensen, and Bertil Tungodden

American Economic Review, February 2016

China's Exchange Rate Trap: Japan Redux?

By Ronald McKinnon

American Economic Review, May 2006

Efficient Patent Pools

By Josh Lerner and Jean Tirole

American Economic Review, June 2004

The paper builds a tractable model of patent pools, agreements among patent owners to license sets of their patents. It provides a necessary and sufficient condition for patent pools to enhance welfare and shows that requiring pool members to be able to i...

The Wrong Side(s) of the Tracks: The Causal Effects of Racial Segregation on Urban Poverty and Inequality

By Elizabeth Oltmans Ananat

American Economic Journal: Applied Economics, April 2011

A striking negative correlation exists between an area's residential racial segregation and its population characteristics, but it is recognized that this relationship may not be causal. I present a novel test of causality from segregation to population ...

Cheating Ourselves: The Economics of Tax Evasion

[Symposium: U.S. Tax Policy in International Perspective]

By Joel Slemrod

Journal of Economic Perspectives, Winter 2007

No government can announce a tax system and then rely on taxpayers' sense of duty to remit what is owed. Some dutiful people will undoubtedly pay what they owe, but many others will not. Over time the ranks of the dutiful will shrink, as they see how th...

Whom or What Does the Representative Individual Represent?

By Alan P. Kirman

Journal of Economic Perspectives, Spring 1992

Macroeconomic models often assume that the choices of all the diverse agents in one sector—consumers for example—can be considered as the choices of one "representative" standard utility maximizing individual whose choices coincide with the ag...

Wage Dynamics: Reconciling Theory and Evidence

By Olivier Blanchard and Lawrence F. Katz

American Economic Review, May 1999