The American Economic Review

最新文章

• Dynamics and Stagnation in the Malthusian Epoch AI翻译
  作者：Ashraf, Quamrul; Galor, Oded
  作者单位：Williams College; Brown University
  摘要：This paper examines the central hypothesis of the influential Malthusian theory, according to which improvements in the technological environment during the preindustrial era had generated only temporary gains in income per capita, eventually leading to a larger, but not significantly richer, population. Exploiting exogenous sources of cross-country variations in land productivity and the level of technological advancement, the analysis demonstrates that, in accordance with the theory, technol...
• The Inflation-Output Trade-Off with Downward Wage Rigidities AI翻译
  作者：Benigno, Pierpaolo; Ricci, Luca Antonio
  作者单位：Luiss Guido Carli University; International Monetary Fund
  摘要：The macroeconomic implications of downward nominal wage rigidities are analyzed via a dynamic stochastic general equilibrium model featuring aggregate and idiosyncratic shocks. A closed-form solution for a long-run Phillips curve relates average output gap to average wage inflation: it is virtually vertical at high inflation and flattens at low inflation. Macroeconomic volatility shifts the curve outwards and reduces output. The results imply that stabilization policies play an important role,...
• Fertility and the Personal Exemption: Comment AI翻译
  作者：Crump, Richard; Goda, Gopi Shah; Mumford, Kevin J.
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York; Stanford University; Purdue University System; Purdue University
• Asymmetric Information, Adverse Selection and Online Disclosure: The Case of eBay Motors AI翻译
  作者：Lewis, Gregory
  作者单位：Harvard University
• The Restoration of Welfare Economics AI翻译
  作者：Atkinson, Anthony B.
  作者单位：University of Oxford
• Vertical Targeting and Leakage in Carbon Policy AI翻译
  作者：Bushnell, James B.; Mansur, Erin T.
  作者单位：Iowa State University; National Bureau of Economic Research; Dartmouth College
• The Lerner Index of Monopoly Power: Origins and Uses AI翻译
  作者：Elzinga, Kenneth G.; Mills, David E.
  作者单位：University of Virginia
• The Nature of Credit Constraints and Human Capital AI翻译
  作者：Lochner, Lance J.; Monge-Naranjo, Alexander
  作者单位：Western University (University of Western Ontario); National Bureau of Economic Research; Pennsylvania Commonwealth System of Higher Education (PCSHE); Pennsylvania State University; Pennsylvania State University - University Park
  摘要：We develop a human capital model with borrowing constraints explicitly derived from government student loan (GSL) programs and private lending under limited commitment. The model helps explain the persistent strong positive correlation between ability and schooling in the United States, as well as the rising importance of family income for college attendance. It also explains the increasing share of undergraduates borrowing the GSL maximum and the rise in student borrowing from private lenders...
• Long-term Consequences of Vietnam-Era Conscription: New Estimates Using Social Security Data AI翻译
  作者：Angrist, Joshua D.; Chen, Stacey H.; Song, Jae
  作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; Academia Sinica - Taiwan
• Search Dynamics in Consumer Choice under Time Pressure: An Eye-Tracking Study AI翻译
  作者：Reutskaja, Elena; Nagel, Rosemarie; Camerer, Colin F.; Rangel, Antonio
  作者单位：University of Navarra; IESE Business School; Pompeu Fabra University; ICREA; California Institute of Technology