The American Economic Review

最新文章

• Physician Payment Reform and Hospital Referrals AI翻译
  作者：Ho, Kate; Pakes, Ariel
  作者单位：Columbia University; Harvard University
• Does Money Illusion Matter?: Reply AI翻译
  作者：Fehr, Ernst; Tyran, Jean-Robert
  作者单位：University of Zurich; University of Vienna; University of Copenhagen
  摘要：The data in Fehr and Tyran (2001) and Petersen and Winn (2014) show that money illusion plays an important role in nominal price adjustment after a fully anticipated negative monetary shock. Money illusion affects subjects' expectations, and causes pronounced nominal inertia after a negative shock but much less inertia after a positive shock. Thus Petersen and Winn (2014) provide a misleading interpretation of both our and their own data.
• The Effects of Poor Neonatal Health on Children's Cognitive Development AI翻译
  作者：Figlio, David; Guryan, Jonathan; Karbownik, Krzysztof; Roth, Jeffrey
  作者单位：Northwestern University; National Bureau of Economic Research; Uppsala University
  摘要：We make use of a new data resource-merged birth and school records for all children born in Florida from 1992 to 2002-to study the relationship between birth weight and cognitive development. Using singletons as well as twin and sibling fixed effects models, we find that the effects of early health on cognitive development are essentially constant through the school career; that these effects are similar across a wide range of family backgrounds; and that they are invariant to measures of scho...
• Peer Effects in Program Participation AI翻译
  作者：Dahl, Gordon B.; Loken, Katrine V.; Mogstad, Magne
  作者单位：University of California System; University of California San Diego; University of Bergen; University of London; University College London
  摘要：We estimate peer effects in paid paternity leave in Norway using a regression discontinuity design. Coworkers and brothers are 11 and 15 percentage points, respectively, more likely to take paternity leave if their peer was exogenously induced to take up leave. The most likely mechanism is information transmission, including increased knowledge of how an employer will react. The estimated peer effect snowballs over time, as the first peer interacts with a second peer, the second peer with a th...
• Tenure, Experience, Human Capital, and Wages: A Tractable Equilibrium Search Model of Wage Dynamics AI翻译
  作者：Bagger, Jesper; Fontaine, Francois; Postel-Vinay, Fabien; Robin, Jean-Marc
  作者单位：University of London; Royal Holloway University London; College of American Pathologists; Universite de Lorraine; Centre National de la Recherche Scientifique (CNRS); Institut Polytechnique de Paris; ENSAE Paris; University of London; University College London; Institut d'Etudes Politiques Paris (Sciences Po); Institut d'Etudes Politiques Paris (Sciences Po); University of London; University College London
  摘要：We develop and estimate an equilibrium job search model of worker careers, allowing for human capital accumulation, employer heterogeneity, and individual-level shocks. Wage growth is decomposed into contributions of human capital and job search, within and between jobs. Human capital accumulation is largest for highly educated workers. The contribution from job search to wage growth, both within and between jobs, declines over the first ten years of a career-the job-shopping phase of a workin...
• Return of the Solow Paradox? IT, Productivity, and Employment in US Manufacturing AI翻译
  作者：Acemoglu, Daron; Autor, David; Dorn, David; Hanson, Gordon H.; Price, Brendan
  作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; IZA Institute Labor Economics; University of California System; University of California San Diego
• The Distribution of Wealth and the MPC: Implications of New European Data AI翻译
  作者：Carroll, Christopher D.; Slacalek, Jiri; Tokuoka, Kiichi
  作者单位：Johns Hopkins University; European Central Bank
• Macroeconomic Consequences of Population Aging in the United States: Overview of a National Academy Report AI翻译
  作者：Lee, Ronald D.
  作者单位：University of California System; University of California Berkeley
• Missing Gains from Trade? AI翻译
  作者：Melitz, Marc J.; Redding, Stephen J.
  作者单位：Harvard University; Center for Economic & Policy Research (CEPR); National Bureau of Economic Research; Princeton University; Princeton University
• Consumption Risk-Sharing in Social Networks AI翻译
  作者：Ambrus, Attila; Mobius, Markus; Szeidl, Adam
  作者单位：Duke University; Microsoft; University of Michigan System; University of Michigan; National Bureau of Economic Research; Central European University
  摘要：We develop a model in which connections between individuals serve as social collateral to enforce informal insurance payments. We show that: (i) The degree of insurance is governed by the expansiveness of the network, measured with the per capita number of connections that groups have with the rest of the community. Two-dimensional networks-like real-world networks in Peruvian villages-are sufficiently expansive to allow very good risk-sharing. (ii) In - second-best arrangements, insurance is ...