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TOC: American Econ Rev

Introduction

American Economic Review, 106(5)

Editors’ Introduction
William R. Johnson and Kelly Markel

Papers

Richard T. Ely Lecture
Restoring Rational Choice: The Challenge of Consumer Financial Regulation
John Y. Campbell

The United States Economy: Where To from Here?

The Phillips Curve: Back to the ’60s?
Olivier Blanchard

Dealing with Long-Term Deficits
Martin Feldstein

Monetary Policy, Financial Stability, and the Zero Lower Bound
Stanley Fischer

How to Restore Equitable and Sustainable Economic Growth in the United States
Joseph E. Stiglitz

Can We Restart the Recovery All Over Again?
John B. Taylor

Critiquing Robert J. Gordon’s The Rise and Fall of American Growth

A Century of Growth and Improvement
Benjamin M. Friedman

The Rise and Fall of American Growth: Exploring the Numbers
Nicholas Crafts

State Capacity and American Technology: Evidence from the Nineteenth Century
Daron Acemoglu, Jacob Moscona and James A. Robinson

Winter Is Coming: Robert Gordon and the Future of Economic Growth
Gregory Clark

Perspectives on The Rise and Fall of American Growth
Robert J. Gordon

Infrastructure and Development

Infrastructure, Incentives, and Institutions
Nava Ashraf, Edward L. Glaeser and Giacomo A. M. Ponzetto

Guns, Latrines, and Land Reform: Dynamic Pigouvian Taxation
Michael Kremer and Jack Willis

Appliance Ownership and Aspirations among Electric Grid and Home Solar Households in Rural Kenya
Kenneth Lee, Edward Miguel and Catherine Wolfram

Productivity, Regulation, and Allocation: Macro, Industry- and Firm-Level Evidence

Firm-Level Dispersion in Productivity: Is the Devil in the Details?
Lucia Foster, Cheryl Grim, John Haltiwanger and Zoltan Wolf

Productivity Dispersion in Medicine and Manufacturing
Amitabh Chandra, Amy Finkelstein, Adam Sacarny and Chad Syverson

Market Regulations, Prices, and Productivity
Gilbert Cette, Jimmy Lopez and Jacques Mairesse

Regulation, Institutions, and Productivity: New Macroeconomic Evidence from OECD Countries
Balázs Égert

Predictive Cities

Crowdsourcing City Government: Using Tournaments to Improve Inspection Accuracy
Edward L. Glaeser, Andrew Hillis, Scott Duke Kominers and Michael Luca

Personalized Risk Assessments in the Criminal Justice System
Sharad Goel, Justin M. Rao and Ravi Shroff

Productivity and Selection of Human Capital with Machine Learning
Aaron Chalfin, Oren Danieli, Andrew Hillis, Zubin Jelveh, Michael Luca, Jens Ludwig and Sendhil Mullainathan

Cities Are Physical Too: Using Computer Vision to Measure the Quality and Impact of Urban Appearance
Nikhil Naik, Ramesh Raskar and César A. Hidalgo

Digitization and Innovation

The Rapid Adoption of Data-Driven Decision-Making
Erik Brynjolfsson and Kristina McElheran

Copyright Infringement in the Market for Digital Images
Hong Luo and Julie Holland Mortimer

Agglomeration of Invention in the Bay Area: Not Just ICT
Chris Forman, Avi Goldfarb and Shane Greenstein

Private Data

International Data on Measuring Management Practices
Nicholas Bloom, Renata Lemos, Raffaella Sadun, Daniela Scur and John Van Reenen

Making Private Data Accessible in an Opaque Industry: The Experience of the Private Capital Research Institute
Leslie Jeng and Josh Lerner

Modernizing Federal Economic Statistics
William G. Bostic Jr., Ron S. Jarmin and Brian Moyer

Labor Markets with Occupational Licensing: Their Economic Effects

Battling over Jobs: Occupational Licensing in Health Care
Morris M. Kleiner

Should the US Eliminate Entry Barriers to the Practice of Law? Perspectives Shaped by Industry Deregulation
Clifford Winston and Quentin Karpilow

Disruptive Change in the Taxi Business: The Case of Uber
Judd Cramer and Alan B. Krueger

The Design and Use of Patents

Patents and Research Investments: Assessing the Empirical Evidence
Eric Budish, Benjamin N. Roin and Heidi Williams

Patent Licensing, Technology Transfer, and Innovation
Mark A. Lemley and Robin Feldman

Patent Quality and Examination in Europe
Dietmar Harhoff

Patent Remedies
Carl Shapiro

New Developments in Firm Dynamics in Understanding Business Dynamism

Declining Business Dynamism: What We Know and the Way Forward
Ryan A. Decker, John Haltiwanger, Ron S. Jarmin and Javier Miranda

Wage Posting and Business Cycles
Giuseppe Moscarini and Fabien Postel-Vinay

Firm Entry and Macroeconomic Dynamics: A State-Level Analysis
François Gourio, Todd Messer and Michael Siemer

The Role of Startups in Structural Transformation
Robert C. Dent, Fatih Karahan, Benjamin Pugsley and Aysegül Sahin

Attitudes, Markets, and Oligarchs in Russia

Popular Attitudes toward Markets and Democracy: Russia and United States Compared 25 Years Later
Maxim Boycko and Robert J. Shiller

War, Inflation, and Social Capital
Sergei Guriev and Nikita Melnikov

Russia’s Billionaires
Daniel Treisman

The Economics of Gender

Paid Parental Leave Laws in the United States: Does Short-Duration Leave Affect Women’s Labor-Force Attachment?
Tanya S. Byker

Has the Increased Attachment of Women to the Labor Market Changed a Family’s Ability to Smooth Income Shocks?
Olga Gorbachev

Evolution of the Marriage Earnings Gap for Women
Chinhui Juhn and Kristin McCue

The Math Gender Gap: The Role of Culture
Natalia Nollenberger, Núria Rodríguez-Planas and Almudena Sevilla

Gender in Corporation Management

Does the Market Value CEO Styles?
Antoinette Schoar and Luo Zuo

Gender Diversity on Corporate Boards: Do Women Contribute Unique Skills?
Daehyun Kim and Laura T. Starks

Playing the Boys Game: Golf Buddies and Board Diversity
Sumit Agarwal, Wenlan Qian, David M. Reeb and Tien Foo Sing

Women on Boards in Finance and STEM Industries
Renée B. Adams and Tom Kirchmaier

Gender Gaps in Childhood: Skills, Behavior, and Labor Market Preparedness

Childhood Environment and Gender Gaps in Adulthood
Raj Chetty, Nathaniel Hendren, Frina Lin, Jeremy Majerovitz and Benjamin Scuderi

School Quality and the Gender Gap in Educational Achievement
David Autor, David Figlio, Krzysztof Karbownik, Jeffrey Roth and Melanie Wasserman

What Explains the Gender Gap in College Track Dropout? Experimental and Administrative Evidence
Ingvild Almås, Alexander W. Cappelen, Kjell G. Salvanes, Erik Ø. Sørensen and Bertil Tungodden

Evidence from Lab and Field Experiments on Discrimination

Experimental Age Discrimination Evidence and the Heckman Critique
David Neumark, Ian Burn and Patrick Button

The Power of Eye Tracking in Economics Experiments
Joanna N. Lahey and Douglas Oxley

Determinants of Callbacks to Job Applications: An Audit Study
Henry S. Farber, Dan Silverman and Till von Wachter

Supply and Demand for Discrimination: Strategic Revelation of Own Characteristics in a Trust Game
Anthony Heyes and John A. List

Public Economics

Student Loan Information Provision and Academic Choices
Maximilian Schmeiser, Christiana Stoddard and Carly Urban

Birth Timing and Neonatal Health
Cristina Borra, Libertad González and Almudena Sevilla

STEM Training and Early Career Outcomes of Female and Male Graduate Students: Evidence from UMETRICS Data Linked to the 2010 Census
Catherine Buffington, Benjamin Cerf, Christina Jones and Bruce A. Weinberg

Medicare Part D and Portfolio Choice
Padmaja Ayyagari and Daifeng He

Education, Earnings, and Redistribution

Coordinated Admissions Program
Rodney J. Andrews

Can Admissions Percent Plans Lead to Better Collegiate Fit for Minority Students?
Kalena E. Cortes and Jane Arnold Lincove

Religious Workers’ Density and the Racial Earnings Gap
Fernando Lozano and Jessica Shiwen Cheng

Does the EITC Buffer against Neighborhood Transition? Evidence from Washington, DC
LaTanya Brown-Robertson, Marcus Casey, Bradley Hardy and Daniel Muhammad

Research in Economic Education: Efficacy of Interventions in Economic Education

Classroom Experiments: Is More More?
Tisha L. N. Emerson and Linda English

Measuring the Effect of Blended Learning: Evidence from a Selective Liberal Arts College
Aaron Swoboda and Lauren Feiler

The Impact of Challenge Quizzes on Student Knowledge
KimMarie McGoldrick and Peter W. Schuhmann

A Randomized Assessment of Online Learning
William T. Alpert, Kenneth A. Couch and Oskar R. Harmon

Value-Added Models: New Methods and Applications

Sources of Inefficiency in Healthcare and Education
Amitabh Chandra and Douglas Staiger

Interpreting Tests of School VAM Validity
Joshua Angrist, Peter Hull, Parag Pathak and Christopher Walters

Using Lagged Outcomes to Evaluate Bias in Value-Added Models
Raj Chetty, John N. Friedman and Jonah Rockoff

Fixed Effects, Invariance, and Spatial Variation in Intergenerational Mobility
Gary Chamberlain

Identity Economics 2016

Identity Economics 2016: Where Do Social Distinctions and Norms Come From?
Rachel E. Kranton

Identity-Based Organizations
Jean-Paul Carvalho

"We Thinking" and Its Consequences
Robert Akerlof

Identity-Driven Cooperation versus Competition
Dennis J. Snower and Steven J. Bosworth

Unfamiliar Psychologies: Applications of Behavioral Science Not Commonly Used in Economics

Option Awareness: The Psychology of What We Consider
Anuj K. Shah and Jens Ludwig

Beyond Beta-Delta: The Emerging Economics of Personal Plans
John Beshears, Katherine L. Milkman and Joshua Schwartzstein

The Psychological Lives of the Poor
Frank Schilbach, Heather Schofield and Sendhil Mullainathan

60 Million Refugees

Refugees, Asylum Seekers, and Policy in OECD Countries
Timothy J. Hatton

Rethinking Protection of Those Displaced by Humanitarian Crises
Susan F. Martin

Toward an International Migration Regime
Jeffrey D. Sachs

The Economic Impact of Syrian Refugees on Host Countries: Quasi-experimental Evidence from Turkey
Semih Tumen

Health Outcomes, Immigration, and Development

Converging to American: Healthy Immigrant Effect in Children of Immigrants
Mónica García-Pérez

Ethnic Attrition and the Observed Health of Later-Generation Mexican Americans
Francisca Antman, Brian Duncan and Stephen J. Trejo

HIV/AIDS and Development: A Reappraisal of the Productivity and Factor Accumulation Effects
Théophile T. Azomahou, Raouf Boucekkine and Bity Diene

LEP Language Disability, Immigration Reform, and English-Language Acquisition
Alberto Dávila and Marie T. Mora

Money and Monetary Policy with Financial Frictions

On the Optimal Inflation Rate
Markus K. Brunnermeier and Yuliy Sannikov

Sooner or Later: Timing of Monetary Policy with Heterogeneous Risk-Taking
Dong Beom Choi, Thomas M. Eisenbach and Tanju Yorulmazer

Money and Asset Liquidity in Frictional Capital Markets
Wei Cui and Sören Radde

Global Reserve Assets in a Low Interest Rate World

Secular Stagnation in the Open Economy
Gauti B. Eggertsson, Neil R. Mehrotra and Lawrence H. Summers

The Sovereign-Bank Diabolic Loop and ESBies
Markus K. Brunnermeier, Luis Garicano, Philip R. Lane, Marco Pagano, Ricardo Reis, Tano Santos, David Thesmar, Stijn Van Nieuwerburgh and Dimitri Vayanos

Safe Asset Scarcity and Aggregate Demand
Ricardo J. Caballero, Emmanuel Farhi and Pierre-Olivier Gourinchas

What Makes US Government Bonds Safe Assets?
Zhiguo He, Arvind Krishnamurthy and Konstantin Milbradt

Historical Perspectives on Financial Crisis, Banks, and Regulation

Crises and the Development of Economic Institutions: Some Microeconomic Evidence
Raghuram Rajan and Rodney Ramcharan

Too Big to Fail before the Fed
Gary Gorton and Ellis W. Tallman

Interbank Markets and Banking Crises: New Evidence on the Establishment and Impact of the Federal Reserve
Mark Carlson and David C. Wheelock

Bank Leverage and Regulatory Regimes: Evidence from the Great Depression and Great Recession
Christoffer Koch, Gary Richardson and Patrick Van Horn

Quantitative Modeling of the Financial Crisis

A Simple Model of Subprime Borrowers and Credit Growth
Alejandro Justiniano, Giorgio E. Primiceri and Andrea Tambalotti

Debt Constraints and the Labor Wedge
Patrick Kehoe, Virgiliu Midrigan and Elena Pastorino

Anticipated Banking Panics
Mark Gertler, Nobuhiro Kiyotaki and Andrea Prestipino

Bank Leverage and Social Welfare
Lawrence Christiano and Daisuke Ikeda

Do Capital Flows Need to be Tamed?

Capital Flows: Expansionary or Contractionary?
Olivier Blanchard, Jonathan D. Ostry, Atish R. Ghosh and Marcos Chamon

The Macroprudential Role of International Reserves
Olivier Jeanne

Global Cycles: Capital Flows, Commodities, and Sovereign Defaults, 1815-2015
Carmen M. Reinhart, Vincent Reinhart and Christoph Trebesch

When Do Capital Inflow Surges End in Tears?
Atish R. Ghosh, Jonathan D. Ostry and Mahvash S. Qureshi

Information Design and Bayesian Persuasion

Information Design, Bayesian Persuasion, and Bayes Correlated Equilibrium
Dirk Bergemann and Stephen Morris

Bayesian Persuasion in Coordination Games
Itay Goldstein and Chong Huang

A Rothschild-Stiglitz Approach to Bayesian Persuasion
Matthew Gentzkow and Emir Kamenica

Valuing Climate Change Catastrophes

Shutting Down the Thermohaline Circulation
David Anthoff, Francisco Estrada and Richard S. J. Tol

A Potential Disintegration of the West Antarctic Ice Sheet: Implications for Economic Analyses of Climate Policy
Delavane Diaz and Klaus Keller

The Ecosystem Impacts of Severe Warming
Robert Mendelsohn, Iain C. Prentice, Oswald Schmitz, Benjamin Stocker, Robert Buchkowski and Benjamin Dawson

Economic Effects of an Ocean Acidification Catastrophe
Stephen G. Colt and Gunnar P. Knapp

Homeownership and the American Dream

How Mortgage Finance Reform Could Affect Housing
John V. Duca, John Muellbauer and Anthony Murphy

Borrowing Constraints and Homeownership
Arthur Acolin, Jesse Bricker, Paul Calem and Susan Wachter

A Lost Generation? Education Decisions and Employment Outcomes during the US Housing Boom-Bust Cycle of the 2000s
Luc Laeven and Alexander Popov

To Buy or Not to Buy: Consumer Constraints in the Housing Market
Andreas Fuster and Basit Zafar

Measuring Top Wealth Shares

Estimating Top Income and Wealth Shares: Sensitivity to Data and Methods
Jesse Bricker, Alice Henriques, Jacob Krimmel and John Sabelhaus

Estimating the Top Tail of the Wealth Distribution
Philip Vermeulen

Heterogeneity in Returns to Wealth and the Measurement of Wealth Inequality
Andreas Fagereng, Luigi Guiso, Davide Malacrino and Luigi Pistaferri

Estate Taxation and the Intergenerational Transmission of Wealth

The Role of Bequests in Shaping Wealth Inequality: Evidence from Danish Wealth Records
Simon H. Boserup, Wojciech Kopczuk and Claus T. Kreiner

Revenue and Incentive Effects of Basis Step-Up at Death: Lessons from the 2010 "Voluntary" Estate Tax Regime
Robert Gordon, David Joulfaian and James Poterba