Recommendations for Further Reading

By Bernard Saffran

Journal of Economic Perspectives, Winter 2002

Front Matter

American Economic Journal: Applied Economics, April 2020

The Evolution of Work in the United States

By Enghin Atalay, Phai Phongthiengtham, Sebastian Sotelo, and Daniel Tannenbaum

American Economic Journal: Applied Economics, April 2020

Using the text from job ads, we introduce a new dataset to describe the evolution of work from 1950 to 2000. We show that the transformation of the US labor market away from routine cognitive and manual tasks and toward nonroutine interactive and analytic...

Flooded Cities

By Adriana Kocornik-Mina, Thomas K. J. McDermott, Guy Michaels, and Ferdinand Rauch

American Economic Journal: Applied Economics, April 2020

Does economic activity move away from areas that are at high risk of recurring shocks? We examine this question in the context of floods, which displaced more than 650 million people worldwide in the last 35 years. We study large urban floods using spatia...

Politics in the Family: Nepotism and the Hiring Decisions of Italian Firms

By Stefano Gagliarducci and Marco Manacorda

American Economic Journal: Applied Economics, April 2020

This paper studies the effect of family connections to politicians on individuals' labor market outcomes. Using data for Italy spanning more than three decades on a sample of almost one million individuals plus data on the universe of individuals holding ...

Compliance Behavior in Networks: Evidence from a Field Experiment

By Francesco Drago, Friederike Mengel, and Christian Traxler

American Economic Journal: Applied Economics, April 2020

This paper studies the spread of compliance behavior in neighborhood networks in Austria. We exploit a field experiment that varied the content of mailings sent to potential evaders of TV license fees. The data reveal a strong treatment spillover: untreat...

Charging Ahead: Prepaid Metering, Electricity Use, and Utility Revenue

By Kelsey Jack and Grant Smith

American Economic Journal: Applied Economics, April 2020

Monthly bills for services such as electricity often go unpaid in developing countries. Prepaid meters offer a potential technological solution. In Cape Town, South Africa, over 4,000 residential customers on monthly billing were switched to prepaid meter...

Gender Homophily in Referral Networks: Consequences for the Medicare Physician Earnings Gap

By Dan Zeltzer

American Economic Journal: Applied Economics, April 2020

I assess the extent to which the gender gap in physician earnings may be driven by physicians' preference for referring to specialists of the same gender. Analyzing administrative data on 100 million Medicare patient referrals, I provide robust evidence t...

Do Management Interventions Last? Evidence from India

By Nicholas Bloom, Aprajit Mahajan, David McKenzie, and John Roberts

American Economic Journal: Applied Economics, April 2020

We revisited Indian weaving firms nine years after a randomized experiment that changed their management practices. While about half of the practices adopted in the original experimental plants had been dropped, there was still a large and significant gap...

Place, Peers, and the Teenage Years: Long-Run Neighborhood Effects in Australia

By Nathan Deutscher

American Economic Journal: Applied Economics, April 2020

I use variation in the age at which children move to show that where an Australian child grows up has a causal effect on their adult income, education, marriage, and fertility. In doing so, I replicate the findings of Chetty and Hendren (2018a) in a count...

Taken by Storm: Hurricanes, Migrant Networks, and US Immigration

By Parag Mahajan and Dean Yang

American Economic Journal: Applied Economics, April 2020

Do negative shocks in origin countries encourage or inhibit international migration? What roles do networks play in modifying out-migration responses? The answers to these questions are not theoretically obvious, and past empirical findings are equivocal....

Notes

Journal of Economic Perspectives, Winter 2002

The Paper Trail of Knowledge Spillovers: Evidence from Patent Interferences

By Ina Ganguli, Jeffrey Lin, and Nicholas Reynolds

American Economic Journal: Applied Economics, April 2020

We show evidence of localized knowledge spillovers using a new database of US patent interferences terminated between 1998 and 2014. Interferences resulted when two or more independent parties submitted identical claims of invention nearly simultaneously....

Energy Cost Pass-Through in US Manufacturing: Estimates and Implications for Carbon Taxes

By Sharat Ganapati, Joseph S. Shapiro, and Reed Walker

American Economic Journal: Applied Economics, April 2020

We study how changes in energy input costs for US manufacturers affect the relative welfare of manufacturing producers and consumers (i.e., incidence). We also develop a methodology to estimate the incidence of input taxes that accounts for incomplete pas...

Distinguished Lecture on Economics in Government: The New Economy: Post Mortem or Second Wind?

By Martin Neil Baily

Journal of Economic Perspectives, Spring 2002

There was an acceleration of U.S. productivity after 1995. Investment in information technology hardware and software contributed importantly to this, but was not its sole cause. In part, heavy IT investment, perhaps overinvestment, was the result of the ...

Front Matter

American Economic Journal: Macroeconomics, April 2020

Deconstructing Monetary Policy Surprises—The Role of Information Shocks

By Marek Jarociński and Peter Karadi

American Economic Journal: Macroeconomics, April 2020

Central bank announcements simultaneously convey information about monetary policy and the central bank's assessment of the economic outlook. This paper disentangles these two components and studies their effect on the economy using a structural vector au...

Endogenous Infrastructure Development and Spatial Takeoff in the First Industrial Revolution

By Alex Trew

American Economic Journal: Macroeconomics, April 2020

This paper develops a model in which the evolution of the transport sector occurs alongside the growth in trade and output of agricultural and manufacturing firms. Simulation output captures aspects of the historical record of England and Wales over 1710â...

Consumer Imperfect Information and Endogenous Price Rigidity

By Jean-Paul L'Huillier

American Economic Journal: Macroeconomics, April 2020

This paper studies the propagation of monetary shocks in an economy featuring a strategic microfoundation for price rigidities. Following an aggregate shock to money, most consumers are initially uninformed. The market for goods is decentralized. Firms ar...

Bond Convenience Yields and Exchange Rate Dynamics

By Rosen Valchev

American Economic Journal: Macroeconomics, April 2020

This paper proposes a new explanation for the failure of Uncovered Interest Parity (UIP) that rationalizes both the classic UIP puzzle and the evidence that the puzzle reverses direction at longer horizons. In the model, excess currency returns arise as c...