The American Economic Review

最新文章

• Aging in the early 20th century AI翻译
  作者：Pope, CL; Wimmer, LT
  作者单位：Brigham Young University
• The effect of tax-favored retirement accounts on capital accumulation AI翻译
  作者：Imrohoroglu, A; Imrohoroglu, S; Joines, DH
  作者单位：University of Southern California
  摘要：In this paper we develop an applied general equilibrium model to examine the effects of tax-favored retirement accounts on the capital stock. The results from our benchmark model indicate that a modest IRA contribution limit similar to that in effect during the early 1980's raises the steady-state capital stock by 6.18 percent; approximately 9 percent of IRA contributions constitutes incremental saving. Our results lend support to recent suggestions that retirement accounts with favorable tax ...
• Financial intermediation and regime switching in business cycles AI翻译
  作者：Azariadis, C; Smith, B
  作者单位：University of California System; University of California Los Angeles; University of Texas System; University of Texas Austin
  摘要：We study a one-sector growth model where capital investment is credit financed, and there is an adverse selection problem in credit markets. The presence of adverse selection creates an indeterminacy of equilibrium, Many equilibria display permanent fluctuations characterized by transitions between Walrasian regimes and regimes of credit rationing. Cyclical contractions involve declines in real interest rates, increases in credit rationing, and withdrawals of savings from banks. For some confi...
• Does European unemployment prop up American wages? National labor markets and global trade AI翻译
  作者：Davis, DR
  作者单位：Harvard University; National Bureau of Economic Research
  摘要：I consider trade between a flexible-wage America and a rigid-wage Europe. In a benchmark case, a move from autarky to free trade doubles European unemployment. American wages rise to the European level. Entry of the unskilled South to world markets raises European unemployment. Europe's commitment to the high wage wholly insulates America from the shock. Immigration to America raises American income, but lowers European income dollar for dollar, while European unemployment rises. Absent South-...
• Measuring prices and quantities of treatment for depression AI翻译
  作者：Frank, RG; Busch, SH; Berndt, ER
  作者单位：Harvard University; Harvard Medical School; Massachusetts Institute of Technology (MIT)
• Technological change in heart-disease treatment: Does high tech mean low value? AI翻译
  作者：McClellan, M; Noguchi, H
  作者单位：Stanford University; Stanford University; National Bureau of Economic Research
• Turnpikes AI翻译
  作者：McKenzie, LW
  作者单位：University of Rochester
• Irving Fisher (1867-1947) in retrospect - Fisher's introductory text AI翻译
  作者：Tobin, J
• Neglected effects on the uses side: Even a uniform tax would change relative goods prices AI翻译
  作者：Fullerton, D; Rogers, DL
  作者单位：Congressional Budget Office
• Privatization in eastern Germany: Management selection and economic transition AI翻译
  作者：Dyck, IJA
  摘要：This paper suggests that management's role in enterprise restructuring and market-failures in the managerial labor market help explain important features of the German privatization program. A model of adverse selection based on information advantages for private owners demonstrates how privatization can improve the quality and number of western managers in eastern enterprises. These benefits can increase with the size of the transition. Evidence of management replacement and significant diffe...