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TOC: American Econ Rev

Introduction

American Economic Review, 105(5)

Foreword
Richard Thaler

Editors’ Introduction
William R. Johnson and Kelly Markel

Richard T. Ely Lecture

Behavioral Economics and Public Policy: A Pragmatic Perspective
Raj Chetty

A Discussion of Thomas Piketty’s Capital in the Twenty-First Century

Capital and Wealth in the Twenty-First Century
David N. Weil

Capital Taxation in the Twenty-First Century
Alan J. Auerbach and Kevin Hassett

Yes, r > g. So What?
N. Gregory Mankiw

ÂÜÀòÉç¹ÙÍøt Capital in the Twenty-First Century
Thomas Piketty

The Economics of Secular Stagnation

Secular Stagnation: A Supply-Side View
Robert J. Gordon

Demand Side Secular Stagnation
Lawrence H. Summers

Secular Stagnation: The Long View
Barry Eichengreen

In Honor of Gary S. Becker—Model Economist

Gary Becker as Teacher
Kevin M. Murphy

Gary Becker: Model Economic Scientist
James J. Heckman

Gary Becker’s Impact on Economics and Policy
Edward P. Lazear

Reflections on New Growth Theory

Human Capital and Growth
Robert E. Lucas, Jr.

Mathiness in the Theory of Economic Growth
Paul M. Romer

Lessons from Schumpeterian Growth Theory
Philippe Aghion, Ufuk Akcigit and Peter Howitt

Globalization and Growth
Gene M. Grossman and Elhanan Helpman

Health Insurance Marketplaces: New Developments and Their Implications

Messaging and the Mandate: The Impact of Consumer Experience on Health Insurance Enrollment through Exchanges
Natalie Cox, Benjamin Handel, Jonathan Kolstad and Neale Mahoney

Narrow Networks on the Health Insurance Exchanges: What Do They Look Like and How Do They Affect Pricing? A Case Study of Texas
Leemore Dafny, Igal Hendel and Nathan Wilson

Measuring Consumer Valuation of Limited Provider Networks
Keith Marzilli Ericson and Amanda Starc

The Impact of Market Size and Composition on Health Insurance Premiums: Evidence from the First Year of the Affordable Care Act
Michael J. Dickstein, Mark Duggan, Joe Orsini and Pietro Tebaldi

Social Insurance Programs and the Labor Market

The Effect of Unemployment Benefits on the Duration of Unemployment Insurance Receipt: New Evidence from a Regression Kink Design in Missouri, 2003-2013
David Card, Andrew Johnston, Pauline Leung, Alexandre Mas and Zhuan Pei

Veterans’ Labor Force Participation: What Role Does the VA’s Disability Compensation Program Play?
Courtney Coile, Mark Duggan and Audrey Guo

Earnings, Disposable Income, and Consumption of Allowed and Rejected Disability Insurance Applicants
Andreas Ravndal Kostøl and Magne Mogstad

Recall Expectations and Duration Dependence
Arash Nekoei and Andrea Weber

Impacts of the Great Recession on Low-Income Households

 

The Great Recession and Credit Trends across Income Groups
Gene Amromin and Leslie McGranahan

Heterogeneity in the Impact of Economic Cycles and the Great Recession: Effects within and across the Income Distribution
Marianne Bitler and Hilary Hoynes

Changes in Safety Net Use during the Great Recession
Patricia M. Anderson, Kristin F. Butcher and Diane Whitmore Schanzenbach

How Did the Safety Net Perform during the Great Recession

 

Marianne Bitler and Hilary Hoynes

The Effect of Extended Unemployment Insurance Benefits: Evidence from the 2012-2013 Phase-Out
Henry S. Farber, Jesse Rothstein and Robert G. Valletta

Disability Insurance and the Great Recession
Nicole Maestas, Kathleen J. Mullen and Alexander Strand

Explaining the Energy Paradox

Deconstructing the Energy-Efficiency Gap: Conceptual Frameworks and Evidence
Todd Gerarden, Richard G. Newell and Robert N. Stavins

Tagging and Targeting of Energy Efficiency Subsidies
Hunt Allcott, Christopher Knittel and Dmitry Taubinsky

Limited Attention and the Residential Energy Efficiency Gap
Karen Palmer and Margaret Walls

Individual Time Preferences and Energy Efficiency
Richard G. Newell and Juha Siikamäki

Are the Non-monetary Costs of Energy Efficiency Investments Large? Understanding Low Take-Up of a Free Energy Efficiency Program
Meredith Fowlie, Michael Greenstone and Catherine Wolfram

Immigration Policy and Crime

Immigration Enforcement and Crime
Paolo Pinotti

Effects of Immigrant Legalization on Crime
Scott R. Baker

The Criminal Justice Response to Policy Interventions: Evidence from Immigration Reform
Sarah Bohn, Matthew Freedman and Emily Owens

The Long-Run Effect of Mexican Immigration on Crime in US Cities: Evidence from Variation in Mexican Fertility Rates
Aaron Chalfin

High Stakes Energy and Environmental Problems in Developing Countries

Growth, Pollution, and Life Expectancy: China from 1991-2012
Avraham Ebenstein, Maoyong Fan, Michael Greenstone, Guojun He, Peng Yin and Maigeng Zhou

Satellites, Self-Reports, and Submersion: Exposure to Floods in Bangladesh
Raymond Guiteras, Amir Jina and A. Mushfiq Mobarak

Pay as You Go: Prepaid Metering and Electricity Expenditures in South Africa
B. Kelsey Jack and Grant Smith

Moving Up the Energy Ladder: The Effect of an Increase in Economic Well-Being on the Fuel Consumption Choices of the Poor in India
Rema Hanna and Paulina Oliva

Advances in Empirical Climate Economics

Convergence in Adaptation to Climate Change: Evidence from High Temperatures and Mortality, 1900-2004

Alan Barreca, Karen Clay, Olivier Deschênes, Michael Greenstone and Joseph S. Shapiro

Geography, Depreciation, and Growth
Solomon M. Hsiang and Amir S. Jina

Tropical Economics
Solomon M. Hsiang and Kyle C. Meng

Federal Crop Insurance and the Disincentive to Adapt to Extreme Heat
Francis Annan and Wolfram Schlenker

Twenty Years of Present Bias

Why Don’t Present-Biased Agents Make Commitments?
David Laibson

Present Bias: Lessons Learned and to Be Learned
Ted O’Donoghue and Matthew Rabin

Judging Experimental Evidence on Dynamic Inconsistency
Charles Sprenger

Experiments with Firms in Developing Countries

Loyalty, Exit, and Enforcement: Evidence from a Kenya Dairy Cooperative
Lorenzo Casaburi and Rocco Macchiavello

Ex Post (In) Efficient Negotiation and Breakdown of Trade
Rajkamal Iyer and Antoinette Schoar

The Catch-22 of External Validity in the Context of Constraints to Firm Growth
Greg Fischer and Dean Karlan

The Market for Training Services: A Demand Experiment with Bangladeshi Garment Factories
Rocco Macchiavello, Atonu Rabbani and Christopher Woodruff

Banking, Financial Crises, and Behavioral Finance

Anjan Thakor

Neglected Risks: The Psychology of Financial Crises
Nicola Gennaioli, Andrei Shleifer and Robert Vishny

Do Strict Capital Requirements Raise the Cost of Capital? Bank Regulation, Capital Structure, and the Low-Risk Anomaly
Malcolm Baker and Jeffrey Wurgler

Does a Bank’s History Affect Its Risk-Taking?
Christa H. S. Bouwman and Ulrike Malmendier

Culture, Trust, and Productivity

Why Do Firms Have "Purpose"? The Firm’s Role as a Carrier of Identity and Reputation

Rebecca Henderson and Eric Van den Steen

Organizational Culture and Performance
Elizabeth A. Martinez, Nancy Beaulieu, Robert Gibbons, Peter Pronovost and Thomas Wang

Corporate Culture, Societal Culture, and Institutions
Luigi Guiso, Paola Sapienza and Luigi Zingales

Understanding Ethnic Identity in Africa: Evidence from the Implicit Association Test (IAT)
Sara Lowes, Nathan Nunn, James A. Robinson and Jonathan Weigel

Moral Values and Economic Behavior

Religion and Innovation
Roland Bénabou, Davide Ticchi and Andrea Vindigni

Measuring Vote-Selling: Field Evidence from the Philippines
Allen Hicken, Stephen Leider, Nico Ravanilla and Dean Yang

More Money, More Problems? Can High Pay Be Coercive and Repugnant?
Sandro Ambuehl, Muriel Niederle and Alvin E. Roth

Sacred Values? The Effect of Information on Attitudes toward Payments for Human Organs
Julio J. Elias, Nicola Lacetera and Mario Macis

Behavioral and Neuroeconomics

Deciding When to Quit: Reference-Dependence over Slot Machine Outcomes

Jaimie W. Lien and Jie Zheng

Testing for the Disposition Effect on Optimal Stopping Decisions
Jacopo Magnani

Loss Aversion in Post-Sale Purchases of Consumer Products and Their Substitutes
Debajyoti Ray, Matthew Shum and Colin F. Camerer

Bankruptcy Rates among NFL Players with Short-Lived Income Spikes
Kyle Carlson, Joshua Kim, Annamaria Lusardi and Colin F. Camerer

Behavioral Economics in the Classroom

Principles of (Behavioral) Economics

David Laibson and John A. List

Teaching a Behavioral Economics Elective: Highlighting the Science of Economics
Ted O’Donoghue

Behavioral Economics and Public Policy 102: Beyond Nudging
Saurabh Bhargava and George Loewenstein

Social Behavior in the Field

Standing United or Falling Divided? High Stakes Bargaining in a TV Game Show
Dennie van Dolder, Martijn J. van den Assem, Colin F. Camerer and Richard H. Thaler

Cooperation in a Dynamic Fishing Game: A Framed Field Experiment
Charles N. Noussair, Daan van Soest and Jan Stoop

I Take Care of My Own: A Field Study on How Leadership Handles Conflict between Individual and Collective Incentives
Romain Gauriot and Lionel Page

Retirement Savings and Household Decisions

Liquidity in Retirement Savings Systems: An International Comparison
John Beshears, James J. Choi, Joshua Hurwitz, David Laibson and Brigitte C. Madrian

The Composition Effect of Consumption around Retirement: Evidence from Singapore
Sumit Agarwal, Jessica Pan and Wenlan Qian

Defined Contribution Pension Plans: Mutual Fund Asset Allocation Changes
Clemens Sialm, Laura Starks and Hanjiang Zhang

The Retirement Consumption Puzzle in China
Hongbin Li, Xinzheng Shi and Binzhen Wu

Organization, Management, and Economic Growth

Do Private Equity Owned Firms Have Better Management Practices?
Nicholas Bloom, Raffaella Sadun and John Van Reenen

Formal Measures in Informal Management: Can a Balanced Scorecard Change a Culture?
Robert Gibbons and Robert S. Kaplan

The Real Effects of Relational Contracts
Steven Blader, Claudine Gartenberg, Rebecca Henderson and Andrea Prat

The Impact of Ethnic Diversity in Bureaucracies: Evidence from the Nigerian Civil Service
Imran Rasul and Daniel Rogger

External Validity of Field Experiments

Do Natural Field Experiments Afford Researchers More or Less Control Than Laboratory Experiments?
Omar Al-Ubaydli and John A. List

Heterogeneous Treatment Effects in Impact Evaluation
Eva Vivalt

Learning from Experiments When Context Matters
Lant Pritchett and Justin Sandefur

Machine Learning Methods in Economics and Econometrics

A Measure of Robustness to Misspecification
Susan Athey and Guido Imbens

Machine Learning Methods for Demand Estimation
Patrick Bajari, Denis Nekipelov, Stephen P. Ryan and Miaoyu Yang

Post-Selection and Post-Regularization Inference in Linear Models with Many Controls and Instruments
Victor Chernozhukov, Christian Hansen and Martin Spindler

Prediction Policy Problems
Jon Kleinberg, Jens Ludwig, Sendhil Mullainathan and Ziad Obermeyer

Issues in Higher Education

Can Online Learning Bend the Higher Education Cost Curve?
David J. Deming, Claudia Goldin, Lawrence F. Katz and Noam Yuchtman

Evaluating Econometric Evaluations of Post-Secondary Aid
Josh Angrist, David Autor, Sally Hudson and Amanda Pallais

Connecting Student Loans to Labor Market Outcomes: Policy Lessons from Chile
Harald Beyer, Justine Hastings, Christopher Neilson and Seth Zimmerman

What High-Achieving Low-Income Students Know about College
Caroline M. Hoxby and Sarah Turner

Measuring the Multinational Economy

Factoryless Goods Producing Firms
Andrew B. Bernard and Teresa C. Fort

How Well Is US Intrafirm Trade Measured?
Kim J. Ruhl

Multinational Production: Data and Stylized Facts
Natalia Ramondo, Andrés Rodríguez-Clare and Felix Tintelnot

International Trade and Development

Markup and Cost Dispersion across Firms: Direct Evidence from Producer Surveys in Pakistan
David Atkin, Azam Chaudhry, Shamyla Chaudhry, Amit K. Khandelwal and Eric Verhoogen

Informal Employment in a Growing and Globalizing Low-Income Country
Brian McCaig and Nina Pavcnik

Trade Liberalization and the Skill Premium: A Local Labor Markets Approach
Rafael Dix-Carneiro and Brian K. Kovak

History and the City

History and the Sizes of Cities
Hoyt Bleakley and Jeffrey Lin

Declining Mortality Inequality within Cities during the Health Transition
Dora L. Costa and Matthew E. Kahn

Killer Cities: Past and Present
W. Walker Hanlon and Yuan Tian

Migration, Income, and Economic Policy

The Impact of Temporary Protected Status on Immigrants’ Labor Market Outcomes
Pia M. Orrenius and Madeline Zavodny

The Labor Market Impacts of Forced Migration
Isabel Ruiz and Carlos Vargas-Silva

The Impact of Economic Freedom on the Black/White Income Gap
Gary A. Hoover, Ryan A. Compton and Daniel C. Giedeman

Income Inequality, Capitalism, and Ethno-linguistic Fractionalization
Jan-Egbert Sturm and Jakob De Haan

Education, Race, and Underrepresented Minorities

Falling through the Cracks? Grade Retention and School Dropout among Children of Likely Unauthorized Immigrants
Catalina Amuedo-Dorantes and Mary J. Lopez

Academic Undermatching of High-Achieving Minority Students: Evidence from Race-Neutral and Holistic Admissions Policies
Sandra E. Black, Kalena E. Cortes and Jane Arnold Lincove

Household Asset Allocation, Offspring Education, and the Sandwich Generation
Vicki L. Bogan

An A for Effort
Omari H. Swinton

The Economics of Gender

Trust and Reciprocity between Spouses in India
Carolina Castilla

Can Alcohol Prohibition Reduce Violence against Women?
Dara Lee Luca, Emily Owens and Gunjan Sharma

The Labor Supply Effects of Delayed First Birth
Jane Leber Herr

Child Gender and Parental Inputs: No More Son Preference in Korea?
Eleanor Jawon Choi and Jisoo Hwang

International and Macro

Demand Shocks and Open Economy Puzzles
Yan Bai and José-Víctor Ríos-Rull

Macroeconomic Uncertainty Indices Based on Nowcast and Forecast Error Distributions
Barbara Rossi and Tatevik Sekhposyan

FOMC Forward Guidance and Investor Beliefs
Arunima Sinha

(Indirect) Input Linkages
Marcela Eslava, Ana Cecília Fieler and Daniel Yi Xu