The American Economic Review

最新文章

• How important is human capital for development? Evidence from immigrant earnings AI翻译
  作者：Hendricks, L
  作者单位：Arizona State University; Arizona State University-Tempe
  摘要：This paper offers new evidence on the sources of cross-country income differences. It exploits the idea that observing immigrant workers from different countries in the same labor market provides an opportunity to estimate their human-capital endowments. These estimates suggest that human and physical capital account for only a fraction of cross-country income differences. For countries below 40 percent of U.S. output per worker, less than half of the output gap relative to the United States i...
• Contractual structure and wealth accumulation AI翻译
  作者：Mookherjee, D; Ray, D
  作者单位：Boston University; New York University
  摘要：Can historical wealth distributions affect long-run output and inequality despite rational saving, convex technology and no externalities? We consider a model of equilibrium short-period financial contracts, where poor agents face credit constraints owing to moral hazard and limited liability. If agents have no bargaining power, poor agents have no incentive to save: poverty traps emerge and agents are polarized into two classes, with no interclass mobility. If instead agents have all the barg...
• Promoting economic literacy: Panel discussion AI翻译
  作者：Lucas, RE Jr; Krueger, AB; Blank, RM
  作者单位：University of Chicago
• Sources of US economic growth in a world of ideas AI翻译
  作者：Jones, CI
  作者单位：University of California System; University of California Berkeley
  摘要：Rising educational attainment and research intensity in recent decades suggest that the U.S. economy is far from its steady state. This paper develops a model reconciling these facts with the stability of U.S. growth rates. In the model, long-run growth arises from the worldwide discovery of ideas, which depends on population growth. Nevertheless, constant growth can temporarily proceed at a faster rate, provided research intensity and educational attainment rise steadily over time. Growth acc...
• Information and the change in the paradigm in economics AI翻译
  作者：Stiglitz, JE
  作者单位：Columbia University
• Self-insurance, social insurance, and the optimum quantity of money AI翻译
  作者：Edmond, C
  作者单位：University of California System; University of California Los Angeles
• R&D cooperation and spillovers: Some empirical evidence from Belgium AI翻译
  作者：Cassiman, B; Veugelers, R
  作者单位：University of Navarra; KU Leuven
• Money: What's the question and why should we care about the answer? AI翻译
  作者：Kocherlakota, NR
  作者单位：University of Minnesota System; University of Minnesota Twin Cities; Federal Reserve System - USA
• Cooperatives and wealth accumulation: Preliminary analysis AI翻译
  作者：Nembhard, JG
  作者单位：University System of Maryland; University of Maryland College Park
• Children and household income packages: A cross-national analysis AI翻译
  作者：Todd, E; Sullivan, D
  作者单位：Northwestern University; University System of Ohio; Miami University