AEASP: Participants

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Great Layoff, Great Retirement and Post-pandemic Inflation

By Guido Ascari, Jakob Grazzini, and Domenico Massaro

American Economic Journal: Macroeconomics

This paper examines how pandemic-induced layoffs contributed to post-Covid-19 inflation through their effects on retirement and labor supply. Using CPS microdata, we show that the unprecedented “Great Layoff” triggered a sharp rise in early retirem...

Myths, Morals, and Movies

By Stelios Michalopoulos and Christopher Rauh

American Economic Review

Why are certain movies more successful in some markets than others? Are the entertainment products we consume reflective of our core beliefs? To answer these questions, we analyze international movie data and local tales using machine learning to measu...

Winning the visa lottery

[Research Highlight]

August 12, 2026

Evidence from a US government lottery shows that restricting foreign low-skill workers shrinks businesses without creating jobs for Americans.

The Effect of Low-Skill Immigration Restrictions on US Firms and Workers: Evidence from a Randomized Lottery

By Michael A. Clemens and Ethan G. Lewis

American Economic Journal: Applied Economics, July 2026

US firms hiring foreign workers in low-skill nonfarm jobs face a binding quota on the "H-2B" visa, allocated in part through a randomized lottery. We evaluate the quota's marginal impact using the lottery, a novel firm survey, and a pre-analysis plan. Fir...

Annual Elections and Other Announcements

[News]

August 13, 2026

View the AEA Member Announcement from August 14, 2026.

Best Practices for Economists

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Best Practices for Economists

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Committee on Professional Climate

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Patient Costs and Physicians’ Information

By Michael J. Dickstein, Jihye Jeon, and Eduardo Morales

American Economic Review

Health plans in the U.S. increasingly use cost-sharing to steer demand for prescription drugs. However, the effectiveness of these incentives depends both on physicians’ price sensitivity and their knowledge of patient costs. We employ a moment inequ...

Does Increasing Financial Access to Contraception in the U.S. Reduce Unintended Pregnancies? Evidence from the M-CARES Randomized Controlled Trial at Two Years

By Martha J. Bailey, Emilia Brito, Deniz Gorgulu, Kelsey Figone, Vanessa Wanner Lang, Alexa Prettyman, and Vanessa K. Dalton

American Economic Review: Insights

We use a randomized controlled trial to examine how out-of-pocket costs affect contraceptive method choice, pregnancy, abortion, and childbirth among uninsured U.S. women. The study recruited women seeking care through Title X—a national family plann...

Group Consulting Continues to Benefit Firms after a Decade: Experimental Evidence from Colombian Auto Parts Firms

By Leonardo Iacovone, David McKenzie, and William Maloney

American Economic Review: Insights

We revisit a randomized experiment that demonstrated the cost-effectiveness of group-based, compared to individual, consulting services for firms in the Colombian auto parts industry using administrative data that now permits following firms for up to a d...

Social Defaults and Plan Choice: The Case of Spousal Following

By Tal Gross, Tim Layton, Daniel Prinz, and Julia Yates

American Economic Review: Insights

We study how couples in the Medicare Part D program choose an insurance plan. Over 70 percent of enrollees choose the same plan as their spouse. Even among those with differing healthcare needs, well over half do so. Discrete-choice models suggest benef...

Professional Development Resources

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Responses to Extreme Temperatures: Migrant Networks and International Migration from El Salvador

By Ana Maria Ibáñez, Juliana Quigua, Maria Jimena Romero, and Andrea Velásquez

American Economic Journal: Economic Policy, May 2026

We show that exposure to extreme temperatures significantly increases international migration from El Salvador, where nearly a quarter of the population lives in the United States. Extreme temperatures reduce corn yields, leading producers to decrease the...

World Cycles Revisited: Diverging Trends in Prices and Quantities

By Antoine Camous, Eric Monnet, and Damien Puy

American Economic Journal: Macroeconomics

We revisit evidence on world cycles using a new quarterly macrofinancial dataset covering a broad set of countries from 1950 to the COVID-19 crisis. By filling historical data gaps, we show that previous studies overstated the influence of global facto...

Liquidity Reallocation and Run Resolution

By Haelim Anderson, Kinda Hachem, and Simpson Zhang

American Economic Journal: Macroeconomics

We study efficient liquidity reallocation in a model of panic-based bank runs. We demonstrate that a competitive interbank market disciplines multiplicity in key equilibrium outcomes but cannot achieve the constrained efficient level of welfare when agg...

Demographics, Labor Market Power and the Spatial Equilibrium

By Nina Furbach

American Economic Journal: Macroeconomics

This paper studies how demographics affect labor market power, the urban wage premium and the spatial concentration of population. Using disaggregated administrative data from Germany, I find that the labor supply elasticity to the firm decreases with ...

Covenant-Driven Fire Sales

By Shohini Kundu

American Economic Journal: Macroeconomics

Covenants mitigate agency frictions but can trigger asset sales at fire sale prices. I demonstrate covenant-driven fire sales and trace their real effects. Following a large negative oil-price shock, collateralized loan obligations exposed to oil-and-ga...

The Democratic Marketplace: How a More Equal Economy Can Save Our Political Ideals by Lisa Herzog

By Julia Cagé

Journal of Economic Literature