The American Economic Review

最新文章

• Powering up China: Income Distributions and Residential Electricity Consumption AI翻译
  作者：Auffhammer, Maximilian; Wolfram, Catherine D.
  作者单位：University of California System; University of California Berkeley; University of California System; University of California Berkeley; National Bureau of Economic Research
• Unilateral Divorce, the Decreasing Gender Gap, and Married Women's Labor Force Participation AI翻译
  作者：Fernandez, Raquel; Wong, Joyce
  作者单位：New York University; International Monetary Fund
• Agricultural Productivity Differences across Countries AI翻译
  作者：Gollin, Douglas; Lagakos, David; Waugh, Michael E.
  作者单位：University of Oxford; University of California System; University of California San Diego; National Bureau of Economic Research; New York University
• Mandated Risk Retention in Mortgage Securitization: An Economist's View AI翻译
  作者：Willen, Paul
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - Boston; National Bureau of Economic Research
• Vertical Integration and Input Flows AI翻译
  作者：Atalay, Enghin; Hortacsu, Ali; Syverson, Chad
  作者单位：University of Chicago; University of Chicago
  摘要：We use broad-based yet detailed data from the economy's goods-producing sectors to investigate firms' ownership of production chains. It does not appear that vertical ownership is primarily used to facilitate transfers of goods along the production chain, as is often presumed: roughly one-half of upstream establishments report no shipments to downstream establishments within the same firm. We propose an alternative explanation for vertical ownership, namely that it promotes efficient intrafirm...
• Is the United States Still a Land of Opportunity? Recent Trends in Intergenerational Mobility AI翻译
  作者：Chetty, Raj; Hendren, Nathaniel; Kline, Patrick; Saez, Emmanuel; Turner, Nicholas
  作者单位：Harvard University; Harvard University; University of California System; University of California Berkeley; United States Department of the Treasury
• The Growing Gap in Life Expectancy: Using the Future Elderly Model to Estimate Implications for Social Security and Medicare AI翻译
  作者：Goldman, Dana P.; Orszag, Peter R.
  作者单位：University of Southern California; Citigroup Incorporated
• The Continuous Combinatorial Auction Architecture AI翻译
  作者：Plott, Charles. R.; Lee, Hsing-Yang; Maron, Travis
  作者单位：California Institute of Technology
  摘要：The paper reviews the prominent features of a continuous, combinatorial auction. A brief discussion of background material helps draw distinctions between auction architectures. Background definitions, rules, and operational features define the auction in Section II. Testing and performance are outlined in Section III.
• On Not Revisiting Official Discount Rates: Institutional Inertia and the Social Cost of Carbon AI翻译
  作者：Sunstein, Cass R.
  作者单位：Harvard University
• Finance and Misallocation: Evidence from Plant-Level Data AI翻译
  作者：Midrigan, Virgiliu; Xu, Daniel Yi
  作者单位：New York University; National Bureau of Economic Research; Duke University
  摘要：We use producer-level data to evaluate the role of financial frictions in determining total factor productivity (TFP). We study a model of establishment dynamics in which financial frictions reduce TFP through two channels. First, finance frictions distort entry and technology adoption decisions. Second, finance frictions generate dispersion in the returns to capital across existing producers and thus productivity losses from misallocation. Parameterizations of our model consistent with the da...