The American Economic Review

最新文章

• The Demand for Youth: Explaining Age Differences in the Volatility of Hours AI翻译
  作者：Jaimovich, Nir; Pruitt, Seth; Siu, Henry E.
  作者单位：Duke University; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve System Board of Governors; University of British Columbia
• Social Preferences under Risk: Equality of Opportunity versus Equality of Outcome AI翻译
  作者：Saito, Kota
  作者单位：California Institute of Technology
• Commercial Imperialism? Political Influence and Trade During the Cold War AI翻译
  作者：Berger, Daniel; Easterly, William; Nunn, Nathan; Satyanath, Shanker
  作者单位：University of Essex; New York University; Harvard University; New York University
  摘要：We provide evidence that increased political influence, arising from CIA interventions during the Cold War, was used to create a larger foreign market for American products. Following CIA interventions, imports from the US increased dramatically, while total exports to the US were unaffected. The surge in imports was concentrated in industries in which the US had a comparative disadvantage, not a comparative advantage. Our analysis is able to rule out decreased trade costs, changing political ...
• Intergenerational Occupational Mobility in Great Britain and the United States Since 1850: Comment AI翻译
  作者：Xie, Yu; Killewald, Alexandra
  作者单位：University of Michigan System; University of Michigan; Harvard University
• Boys' Cognitive Skill Formation and Physical Growth: Long-Term Experimental Evidence on Critical Ages for Early Childhood Interventions AI翻译
  作者：Barham, Tania; Macours, Karen; Maluccio, John A.
  作者单位：University of Colorado System; University of Colorado Boulder; Paris School of Economics; INRAE; Middlebury College
• Salience and Asset Prices AI翻译
  作者：Bordalo, Pedro; Gennaioli, Nicola; Shleifer, Andrei
  作者单位：University of London; Royal Holloway University London; Bocconi University; Harvard University
• Behavioral Biases and Firm Behavior: Evidence from Kenyan Retail Shops AI翻译
  作者：Kremer, Michael; Lee, Jean; Robinson, Jonathan; Rostapshova, Olga
  作者单位：National Bureau of Economic Research; The World Bank; University of California System; University of California Santa Cruz; Harvard University
• Pandering to Persuade AI翻译
  作者：Che, Yeon-Koo; Dessein, Wouter; Kartik, Navin
  作者单位：Columbia University; Yonsei University; Columbia University
  摘要：An agent advises a principal on selecting one of multiple projects or an outside option. The agent is privately informed about the projects' benefits and shares the principal's preferences except for not internalizing her value from the outside option. We show that for moderate outside option values, strategic communication is characterized by pandering: the agent biases his recommendation toward conditionally better-looking projects, even when both parties would be better off with some other ...
• Asset Prices and Institutional Investors AI翻译
  作者：Basak, Suleyman; Pavlova, Anna
  作者单位：University of London; London Business School
  摘要：We consider an economy populated by institutional investors alongside standard retail investors. Institutions care about their performance relative to a certain index. Our framework is tractable, admitting exact closed-form expressions, and produces the following analytical results. We find that institutions tilt their portfolios towards stocks that compose their benchmark index. The resulting price pressure boosts index stocks. By demanding more risky stocks than retail investors, institution...
• Going to a Better School: Effects and Behavioral Responses AI翻译
  作者：Pop-Eleches, Cristian; Urquiola, Miguel
  作者单位：Columbia University
  摘要：This paper applies a regression discontinuity design to the Romanian secondary school system, generating two findings. First, students who have access to higher achievement schools perform better in a (high stakes) graduation test. Second, the stratification of schools by quality in general, and the opportunity to attend a better school in particular, result in significant behavioral responses: (i) teachers sort in a manner consistent with a preference for higher achieving students; (ii) child...