The American Economic Review

最新文章

• Do women pay more for new vehicles? Evidence from transaction price data AI翻译
  作者：Harless, DW; Hoffer, GE
  作者单位：Virginia Commonwealth University
• Markets and diversity AI翻译
  作者：Rosen, S
• Fiscal policy, profits, and investment AI翻译
  作者：Alesina, A; Ardagna, S; Perotti, R; Schiantarelli, F
  作者单位：Harvard University; National Bureau of Economic Research; Wellesley College; European University Institute; Centre for Economic Policy Research - UK; Boston College
  摘要：This paper evaluates the effects of fiscal policy on investment using a panel of OECD countries. We find a sizeable negative effect of public spending-and in particular of its wage component-on profits and on business investment. This result is consistent with different theoretical models in which government employment creates wage pressure for the private sector. Various types of taxes also have negative effects on profits, but, interestingly, the effects of government spending on investment ...
• Exchange-traded funds: A new investment option for taxable investors AI翻译
  作者：Poterba, JM; Shoven, JB
  作者单位：Massachusetts Institute of Technology (MIT); National Bureau of Economic Research; Stanford University
• Education, social cohesion, and economic growth AI翻译
  作者：Gradstein, M; Justman, M
  作者单位：Ben-Gurion University of the Negev; Ben-Gurion University of the Negev
• Excess asset returns with limited enforcement AI翻译
  作者：Azariadis, C; Lambertini, L
  作者单位：University of California System; University of California Los Angeles
• The economics of copyright fair use in a networked world AI翻译
  作者：Klein, B; Lerner, AV; Murphy, KM
  作者单位：University of California System; University of California Los Angeles; University of Chicago
• Insuring consumption against illness AI翻译
  作者：Gertler, P; Gruber, J
  作者单位：University of California System; University of California Berkeley; Massachusetts Institute of Technology (MIT); National Bureau of Economic Research
  摘要：One of the most sizable and least predictable shocks to economic opportunities in developing countries is major illness. We investigate the extent to which families are able to insure consumption against major illness using a unique panel data set from Indonesia that combines excellent measures of health status with consumption information. We find that there are significant economic costs associated with major illness, and that there is very imperfect insurance of consumption over illness epi...
• Geographic localization of international technology diffusion AI翻译
  作者：Keller, W
  作者单位：University of Texas System; University of Texas Austin; National Bureau of Economic Research; Center for Economic & Policy Research (CEPR)
  摘要：Income convergence across countries turns on whether technological knowledge spillovers are global or local. I estimate the amount of spillovers from R&D expenditures on a geographic basis, using a new data set which encompasses most of the world's innovative activity between 1970 and 1995. I find that technology is to a substantial degree local, not global, as the benefits,from spillovers are declining with distance. The distance at which the amount of spillovers is halved is about 1,200 kilo...
• Does buffer-stock saving explain the smoothness and excess sensitivity of consumption? AI翻译
  作者：Ludvigson, SC; Michaelides, A
  作者单位：Federal Reserve System - USA; Federal Reserve Bank - New York; University of Cyprus