The Value of Clean Water: Experimental Evidence from Rural India

By Fiona Burlig, Amir Jina, and Anant Sudarshan

American Economic Review, March 2026

Over 2 billion people lack clean drinking water. Existing solutions face high costs (piped water) or low demand (point-of-use chlorine). Using a 60,000 household cluster-randomized experiment, we test an alternative approach: decentralized treatment and h...

Economics Job Market "Scramble" for new PhDs

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Leading Departments and Workplaces

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Editorial Policy

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Editorial Policy

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Editorial Policy

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AEA-CEE Members

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Current Members of the Education Committee

Disemployment Effects of Unemployment Insurance: A Meta-analysis

By Jonathan P. Cohen and Peter Ganong

American Economic Review: Insights, March 2026

We systematically review studies of how unemployment benefits affect unemployment duration. Statistically significant findings are eight times more likely to be published. Correcting for publication bias cuts the average elasticity by a third. Meta-analys...

Star Wars: The Empirics Strike Back

By Abel Brodeur, Mathias Lé, Marc Sangnier, and Yanos Zylberberg

American Economic Journal: Applied Economics, January 2016

Using 50,000 tests published in the AER, JPE, and QJE, we identify a residual in the distribution of tests that cannot be explained solely by journals favoring rejection of the null hypothesis. We observe a two-humped camel shap...

Central Bank Digital Currency and Monetary Architecture

By Dirk Niepelt

Journal of Economic Literature

We provide a guide to the macroeconomic literature on retail central bank digital currency (CBDC), organizing the discussion around a CBDC-irrelevance result. We identify both fundamental and policy-related sources of relevance, or departures from neutral...

AER: Insights Address Change

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Let us know if your address changes

AEA Financial Statements

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CSWEP South

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CSWEP West

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Starting later, finishing stronger

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In developing countries, delayed school entry may lead to long-term gains.

An Introduction to Double/Debiased Machine Learning

By Achim Ahrens, Victor Chernozhukov, Christian Hansen, Damian Kozbur, Mark E. Schaffer, and Thomas Wiemann

Journal of Economic Literature

This paper provides an introduction to Double/Debiased Machine Learning (DML). DML is a general approach to performing inference about a target parameter in the presence of nuisance functions: objects that are needed to identify the target parameter but a...

Wage Adjustment in Efficient Long-Term Employment Relationships

By Michael W. L. Elsby, Axel Gottfries, Pawel Krolikowski, and Gary Solon

American Economic Journal: Macroeconomics

We present a model in which efficient long-term employment relationships are sustained by wage adjustments prompted by productivity shocks and outside job offers. These wage adjustments occur only sporadically, due to the presence of renegotiation cost...

Symmetric Equilibrium in Pre-Auction Investment

By Daniel Quint and Fuhito Kojima

American Economic Journal: Microeconomics

We characterize the symmetric equilibria of a pre-auction game of investment in an internet ad auction environment. For a wide class of auction formats, we show a symmetric equilibrium exists for the pre-auction investment game, is essentially unique, ...

Competing Diffusions in a Social Network

By Arthur Campbell, C. Matthew Leister, Philip Ushchev, and Yves Zenou

American Economic Journal: Microeconomics

We develop a model of competing diffusions of goods on a social network. There are two types of goods and individuals: mass-market and niche-market. We find that there is a unique stable steady state and show that the adoption of a massmarket good is g...

Reputation and Competitive Selection

By Joyee Deb and Jack Fanning

American Economic Journal: Microeconomics

We demonstrate how selection in competitive markets can impede longrun reputational incentives. In our model, competent firms can exert costly effort to improve expected product quality, but inept firms cannot. With low entry barriers, we show competen...