The American Economic Review

最新文章

• US International Equity Investment and Past and Prospective Returns AI翻译
  作者：Curcuru, Stephanie E.; Thomas, Charles P.; Warnock, Francis E.; Wongswan, Jon
  作者单位：Federal Reserve System - USA; University of Virginia; National Bureau of Economic Research; Thammasat University
• Trends in Quality-Adjusted Skill Premia in the United States, 1960-2000 AI翻译
  作者：Carneiro, Pedro; Lee, Sokbae
  作者单位：University of London; University College London; University of London; London School Economics & Political Science; Seoul National University (SNU)
  摘要：This paper presents new evidence that increases in college enrollment lead to a decline in the average quality of college graduates between 1960 and 2000, resulting in a decrease of 6 percentage points in the college premium. A standard demand and supply framework can qualitatively account for the trend in the college and age premia over this period, but substantial quantitative adjustments are needed to account for changes in quality. (JEL I23, J24, J31)
• Does Market Experience Eliminate Market Anomalies? The Case of Exogenous Market Experience AI翻译
  作者：List, John A.
  作者单位：University of Chicago; National Bureau of Economic Research
• The Rich Domain of Uncertainty: Source Functions and Their Experimental Implementation AI翻译
  作者：Abdellaoui, Mohammed; Baillon, Aurelien; Placido, Laetitia; Wakker, Peter P.
  作者单位：Hautes Etudes Commerciales (HEC) Paris; Centre National de la Recherche Scientifique (CNRS); Erasmus University Rotterdam; Erasmus University Rotterdam - Excl Erasmus MC
  摘要：We often deal with uncertain events for which no probabilities are known. Several normative models have been proposed. Descriptive studies have usually been qualitative, or they estimated ambiguity aversion through one single number. This paper introduces the source method, a tractable method for quantitatively analyzing uncertainty empirically. The theoretical key is the distinction between different sources of uncertainty, within which subjective (choice-based) probabilities can still be def...
• The Slave Trade and the Origins of Mistrust in Africa AI翻译
  作者：Nunn, Nathan; Wantchekon, Leonard
  作者单位：Harvard University; New York University
  摘要：We show that current differences in trust levels within Africa can be traced back to the transatlantic and Indian Ocean slave trades. Combining contemporary individual-level survey data with historical data on slave shipments by ethnic group, we find that individuals whose ancestors were heavily raided during the slave trade are less trusting today. Evidence from a variety of identification strategies suggests that the relationship is causal. Examining causal mechanisms, we show that most of t...
• Barriers to Investment in Polarized Societies AI翻译
  作者：Azzimonti, Marina
  作者单位：University of Texas System; University of Texas Austin
• The Diffusion of Energy Efficiency in Building AI翻译
  作者：Kok, Nils; McGraw, Marquise; Quigley, John M.
  作者单位：Maastricht University; University of California System; University of California Berkeley
• A Labor Supply Elasticity Accord? AI翻译
  作者：Ljungqvist, Lars; Sargent, Thomas J.
  作者单位：Stockholm School of Economics; New York University
• Falsifiability AI翻译
  作者：Olszewski, Wojciech; Sandroni, Alvaro
  作者单位：Northwestern University; Northwestern University; University of Pennsylvania
  摘要：We examine Popper's falsifiability within an economic model in which a tester hires a potential expert to produce a theory. Payments are contingent on the performance of the theory vis-a-vis data. We show that if experts are strategic, falsifiability has no power to distinguish scientific theories from worthless theories. The failure of falsification in screening informed and uninformed experts motivates questions on the broader concepts of refutation and verification. We demonstrate an asymme...
• Recessions, Retirement, and Social Security AI翻译
  作者：Coile, Courtney C.; Levine, Phillip B.
  作者单位：Wellesley College