Distortions, Producer Dynamics, and Aggregate Productivity: A General Equilibrium Analysis

By Stephen Ayerst, Loren Brandt, and Diego Restuccia

American Economic Journal: Macroeconomics, October 2026

In less developed economies, the allocation of factor inputs to more productive farms is often hindered. To analyze how distortions affect farm dynamics and agricultural productivity, we develop a model of heterogeneous farms investing in productivity imp...

Population and Welfare: Measuring Growth When Life Is Worth Living

By Mohamad Adhami, Mark Bils, Charles I. Jones, and Peter J. Klenow

American Economic Journal: Macroeconomics, October 2026

Economic growth is typically measured in per capita terms. A long tradition in philosophy, however, suggests that social welfare may depend on the number of people as well. To illustrate how much this matters quantitatively, we decompose welfare growth—...

The Genius Myth: A Curious History of a Dangerous Idea by Helen Lewis

By Jonathan S. Feinstein

Journal of Economic Literature

The gap between statutory and actual tariff rates

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US tariffs collected in 2025 were less than half of the announced rates.

AEA Summer Training and Scholarship Program

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The Long-run Effect of Air Pollution on Survival

By Tatyana Deryugina and Julian Reif

American Economic Review

Many environmental hazards have long-run health effects, but quasi-experimental studies typically measure outcomes and treatment over short time periods. We develop a new framework for quantifying the effect of air pollution exposure on life expectancy....

Front Matter

American Economic Review, October 2026

Knowledge Spillovers, Competition, and Individual Careers

By Thomas Cornelissen, Christian Dustmann, and Uta Schönberg

American Economic Review, October 2026

Exposure to better peers in the workplace can influence career trajectories through two opposing channels: positively, via knowledge spillovers, and negatively, through competition for advancement. We disentangle these effects by studying untrained labor ...

Racial Promotion Gaps

By Deepak Hegde, Alexander Ljungqvist, and Manav Raj

American Economic Review, October 2026

We study racial disparities in promotions in a setting in which promotions are formulaic: the US patent office. Using detailed administrative data that allow us to observe who is eligible for promotion when, we document that Black patent examiners experie...

Social Push and the Direction of Innovation

By Elias Einiö, Josh Feng, and Xavier Jaravel

American Economic Review, October 2026

What are the implications of unequal access to innovation careers for the direction of innovation and inequality? Leveraging novel linked datasets in the United States and Finland, we document that innovators create products more likely to be purchased by...

Fighting for Growth: Labor Scarcity and Technological Progress during the British Industrial Revolution

By Hans-Joachim Voth ⓡ Bruno Caprettini ⓡ Alex Trew

American Economic Review, October 2026

We establish a link between labor scarcity and the adoption of laborsaving technology in industrializing England. During the Napoleonic Wars, more than 10 percent of the male population served in the armed forces. Where recruitment was heavy, more machine...

A Model of the Attention Economy: Data, Platforms, and Discovery

By Daniel Chen

American Economic Review, October 2026

This paper develops a dynamic model of the attention economy featuring two interlinked markets: a product market, where consumers have limited awareness of firms, and an attention market, where platforms attract attention by investing in free services (e....

Taxing Top Wealth: Migration Responses and Their Aggregate Economic Implications

By Katrine Jakobsen, Henrik Kleven, Jonas Kolsrud, Camille Landais, and Mathilde Munoz

American Economic Review, October 2026

Using administrative data from Scandinavian countries, we provide evidence on international migration responses to wealth taxes and evaluate their aggregate economic implications. We find significant migration responses among the wealthy: A 1 percentage p...

Who Marries Whom? The Role of Segregation by Race and Class

By Benjamin Goldman, Jamie Gracie, and Sonya R. Porter

American Economic Review, October 2026

Americans rarely marry outside their race or class group, a pattern with well-documented implications for inequality and intergenerational mobility. Limited exposure may partly explain these low intergroup marriage rates. We instrument for exposure using ...

Screening and Segmenting: A Consumer Surplus Perspective

By Dirk Bergemann, Tibor Heumann, and Michael C. Wang

American Economic Review, October 2026

We analyze consumer surplus when a monopolist can adjust both prices and product qualities across segments, engaging in second and third-degree price discrimination simultaneously. We characterize the consumer-optimal segmentation and show that it has a s...

Truth Elicitation in a Nonstrategic Environment

By Jacob Glazer and Ariel Rubinstein

American Economic Review, October 2026

A principal decides which party deserves a prize. Only the parties observe the state that determines who is deserving. The principal gives each party a text describing the conditions under which that party deserves the prize and asks each to report the st...

Reviewer Guidelines

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Reviewer Guidelines

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Reviewer Guidelines

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Reviewer Guidelines

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