The American Economic Review

最新文章

• Consume Now or Later? Time Inconsistency, Collective Choice, and Revealed Preference AI翻译
  作者：Adams, Abi; Cherchye, Laurens; De Rock, Bram; Verriest, Ewout
  作者单位：University of Oxford; KU Leuven; Universite Libre de Bruxelles; New York University
  摘要：We develop a revealed preference methodology that allows us to explore whether time inconsistencies in household choice are the product of individual preference nonstationarities or the result of individual heterogeneity and renegotiation within the household. An empirical application to household-level microdata highlights that an explicit recognition of the collective nature of household choice enables the observed behavior to be rationalized by a theory that assumes preference stationarity ...
• Private Equity, Jobs, and Productivity AI翻译
  作者：Davis, Steven J.; Haltiwanger, John; Handley, Kyle; Jarmin, Ron; Lerner, Josh; Miranda, Javier
  作者单位：University of Chicago; University System of Maryland; University of Maryland College Park; University of Michigan System; University of Michigan; Harvard University
  摘要：Private equity critics claim that leveraged buyouts bring huge job losses and few gains in operating performance. To evaluate these claims, we construct and analyze a new dataset that covers US buyouts from 1980 to 2005. We track 3,200 target firms and their 150,000 establishments before and after acquisition, comparing to controls defined by industry, size, age, and prior growth. Buyouts lead to modest net job losses but large increases in gross job creation and destruction. Buyouts also brin...
• Does Growing Up in a High Crime Neighborhood Affect Youth Criminal Behavior? AI翻译
  作者：Damm, Anna Piil; Dustmann, Christian
  作者单位：Aarhus University; University of London; University College London
  摘要：This paper investigates the effect of early exposure to neighborhood crime on subsequent criminal behavior of youth exploiting a unique natural experiment between 1986 and 1998 when refugee immigrants to Denmark were assigned to neighborhoods quasi-randomly. We find strong evidence that the share of young people convicted for crimes, in particular violent crimes, in the neighborhood increases convictions of male assignees later in life. No such effects are found for other measures of neighborh...
• Consumption Inequality over the Last Half Century: Some Evidence Using the New PSID Consumption Measure AI翻译
  作者：Attanasio, Orazio; Pistaferri, Luigi
  作者单位：University of London; University College London; National Bureau of Economic Research; Stanford University
• Market Design and the Evolution of the Combinatorial Clock Auction AI翻译
  作者：Ausubel, Lawrence M.; Baranov, Oleg V.
  作者单位：University System of Maryland; University of Maryland College Park; University of Colorado System; University of Colorado Boulder
• (Dis) Organization and Success in an Economics MOOC AI翻译
  作者：Banerjee, Abhijit V.; Duflo, Esther
  作者单位：Massachusetts Institute of Technology (MIT)
• The Economic Cost of Global Fuel Subsidies AI翻译
  作者：Davis, Lucas W.
  作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research
• Housing Assignment with Restrictions: Theory and Evidence from Stanford University's Campus AI翻译
  作者：Landvoigt, Tim; Piazzesi, Monika; Schneider, Martin
  作者单位：University of Texas System; University of Texas Austin; Stanford University
• Recovery from Financial Crises: Evidence from 100 Episodes AI翻译
  作者：Reinhart, Carmen M.; Rogoff, Kenneth S.
  作者单位：Harvard University; Harvard University
• The Role of Local Officials in New Democracies: Evidence from Indonesia AI翻译
  作者：Martinez-Bravo, Monica
  摘要：This paper shows that the body of appointed officials that a new democracy inherits from the previous regime is a key determinant of the extent of electoral fraud and clientelistic spending in new democracies. I develop a model that predicts that appointed officials have stronger incentives to influence voters during national level elections because of their career concerns. I test the implications of the model using data from Indonesia's transition to democracy. Both the pattern of alignment ...