The American Economic Review

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• International protection of intellectual property (vol 94, pg 1635, 2004) AI翻译
  作者：Grossman, GM; Lai, ELC
  作者单位：Princeton University; City University of Hong Kong
• In the right place at the wrong time: The role of firms and luck in young workers' careers AI翻译
  作者：von Wachter, Till; Bender, Stefan
  作者单位：Columbia University
  摘要：We examine administrative data on young German workers and their employers to study the long-term effects of an early career job loss. To account for nonrandom sorting of workers into firms with different turnover rates and,for selective job mobility, we use changes over time in firm- and age-specific labor demand as an instrument for displacement. We find that wage losses of young job losers are initially 15 percent, but drop to zero within five years. Only workers leaving very large establis...
• Pareto-improving social security reform when financial markets are incomplete!? AI翻译
  作者：Krueger, Dirk; Kubler, Felix
  作者单位：Goethe University Frankfurt; National Bureau of Economic Research; University of Mannheim
  摘要：This paper studies an overlapping generations model with stochastic production and incomplete markets to assess whether the introduction of an unfunded social security system leads to a Pareto improvement. When returns to capital and wages are imperfectly correlated, a system that endows retired households with claims to labor income enhances the sharing of aggregate risk between generations. Our quantitative analysis shows that, abstracting from the capital crowding-out effect, the introducti...
• The regulatory record of the Greenspan fed AI翻译
  作者：Calomiris, Charles W.
  作者单位：Columbia University; American Enterprise Institute for Public Policy Research; National Bureau of Economic Research
• Israel, the Palestinian factions, and the cycle of violence AI翻译
  作者：Jaeger, David A.; Paserman, M. Daniele
  作者单位：William & Mary; Hebrew University of Jerusalem
• A new method of estimating risk aversion AI翻译
  作者：Chetty, Raj
  作者单位：University of California System; University of California Berkeley; National Bureau of Economic Research
• Valuing consumer products by the time spent using them: An application to the Internet AI翻译
  作者：Goolsbee, Austan; Klenow, Peter J.
  作者单位：University of Chicago; National Bureau of Economic Research; Stanford University
• Are technology improvements contractionary? AI翻译
  作者：Basu, Susanto; Fernald, John G.; Kimball, Miles S.
  作者单位：Boston College; National Bureau of Economic Research; Federal Reserve System - USA; Federal Reserve Bank - San Francisco; University of Michigan System; University of Michigan; National Bureau of Economic Research
  摘要：Yes. We construct a measure of aggregate technology change, controlling for aggregation effects, varying utilization of capital and labor, nonconstant returns, and imperfect competition. On impact, when technology improves, input use and nonresidential investment fall sharply. Output changes little. With a lag of several years, inputs and investment return to normal and output rises strongly. The standard one-sector real-business-cycle model is not consistent with this evidence. The evidence i...
• Quantitative aggregate economics AI翻译
  作者：Kydland, Finn E.
  作者单位：University of California System; University of California Santa Barbara
• Did unilateral divorce laws raise divorce rates? A reconciliation and new results AI翻译
  作者：Wolfers, Justin
  作者单位：University of Pennsylvania; National Bureau of Economic Research