The American Economic Review

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• No Price Like Home: Global House Prices, 1870-2012 AI翻译
  作者：Knoll, Katharina; Schularick, Moritz; Steger, Thomas
  作者单位：University of Bonn; Leipzig University
  摘要：How have house prices evolved over the long run? This paper presents annual house prices for 14 advanced economies since 1870. We show that real house prices stayed constant from the nineteenth to the mid-twentieth century, but rose strongly and with substantial cross-country variation in the second half of the twentieth century. Land prices, not replacement costs, are the key to understanding the trajectory of house prices. Rising land prices explain about 80 percent of the global house price...
• Consumption Smoothing and Frequency of Benefit Payments of Cash Transfer Programs AI翻译
  作者：Aguila, Emma; Kapteyn, Arie; Perez-Arce, Francisco
  作者单位：University of Southern California; University of Southern California
• Reminders and Recidivism: Using Administrative Data to Characterize Nonfilers and Conduct EITC Outreach AI翻译
  作者：Guyton, John; Langetieg, Pat; Manoli, Day; Payne, Mark; Schafer, Brenda; Sebastiani, Michael
  作者单位：University of Texas System; University of Texas Austin
• The Role of Firms in Gender Earnings Inequality: Evidence from the United States AI翻译
  作者：Sorkin, Isaac
  作者单位：Stanford University
• The Impact of Family Income on Child Achievement: Evidence from the Earned Income Tax Credit: Comment AI翻译
  作者：Lundstrom, Samuel
  摘要：In a recent article in the American Economic Review, Dahl and Lochner (2012) use changes in the Earned Income Tax Credit to estimate the causal effect of family income on child achievement. Their instrumental variable (IV) estimates imply that a $1,000 increase in income raises combined math and reading test scores by about 6 percent of a standard deviation. I document a variable coding error. Correcting this error reduces the IV estimates by 32 percent; correcting this error does not change t...
• You Owe Me AI翻译
  作者：Malmendier, Ulrike; Schmidt, Klaus M.
  作者单位：University of California System; University of California Berkeley; University of Munich
  摘要：In business and politics, gifts are often aimed at influencing the recipient at the expense of third parties. In an experimental study, which removes informational and incentive confounds, subjects strongly respond to small gifts even though they understand the gift giver's intention. Our findings question existing models of social preferences. They point to anthropological and sociological theories about gifts creating an obligation to reciprocate. We capture these effects in a simple extensi...
• Gross Worker Flows over the Business Cycle AI翻译
  作者：Krusell, Per; Mukoyama, Toshihiko; Rogerson, Richard; Sahin, Aysegul
  作者单位：University of Gothenburg; Stockholm University; Centre for Economic Policy Research - UK; National Bureau of Economic Research; Georgetown University; University of Virginia; Princeton University; Federal Reserve System - USA; Federal Reserve Bank - New York
  摘要：We build a hybrid model of the aggregate labor market that features both standard labor supply forces and frictions in order to study the cyclical properties of gross worker flows across the three labor market states: employment, unemployment, and nonparticipation. Our parsimonious model is able to capture the key features of the cyclical movements in gross worker flows. Despite the fact that the wage per efficiency unit is constant over time, intertemporal substitution plays an important role...
• Traditional Beliefs and Learning about Maternal Risk in Zambia AI翻译
  作者：Ashraf, Nava; Field, Erica; Rusconi, Giuditta; Voena, Alessandra; Ziparo, Roberta
  作者单位：University of London; London School Economics & Political Science; Duke University; University of Chicago; Centre National de la Recherche Scientifique (CNRS); Aix-Marseille Universite
• Concentrating on the Fall of the Labor Share AI翻译
  作者：Autor, David; Dorn, David; Katz, Lawrence F.; Patterson, Christina; Van Reenen, John
  作者单位：Massachusetts Institute of Technology (MIT); University of Zurich; Harvard University
• Women's Inheritance Rights, Household Allocation, and Gender Bias AI翻译
  作者：Bose, Nayana; Das, Shreyasee
  作者单位：Claremont Colleges; Scripps College; University of Wisconsin System; University of Wisconsin Whitewater