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Index of Authors of New Books

Journal of Economic Literature, December 2010

How Trade Hurt Unskilled Workers

[Symposium: Income Inequality and Trade]

By Adrian Wood

Journal of Economic Perspectives, Summer 1995

This paper argues that the main cause of the deteriorating economic position of unskilled workers in the United States and other developed countries has been expansion of trade with developing countries. In the framework of a Heckscher-Ohlin model, it out...

Selection in Health Insurance Markets and Its Policy Remedies

[Symposium: Health Insurance and Choice]

By Michael Geruso and Timothy J. Layton

Journal of Economic Perspectives, Fall 2017

Selection (adverse or advantageous) is the central problem that inhibits the smooth, efficient functioning of competitive health insurance markets. Even—and perhaps especially—when consumers are well-informed decision makers and insurance mark...

Term Premia and Inflation Uncertainty: Empirical Evidence from an International Panel Dataset: Comment

By Michael D. Bauer, Glenn D. Rudebusch, and Jing Cynthia Wu

蝌蚪网 Review, January 2014

Term premia implied by maximum likelihood estimates of affine term structure models are misleading because of small-sample bias. We show that accounting for this bias alters the conclusions about the trend, cycle, and macroeconomic determinants of the ...

Corrective Taxation versus Liability

By Steven Shavell

蝌蚪网 Review, May 2011

Taxation and liability are compared as means of controlling harmful externalities, with a view toward explaining why the use of liability predominates over taxation. Taxation suffers from a disadvantage in the analysis: because taxes do not reflect all th...

Charters without Lotteries: Testing Takeovers in New Orleans and Boston

By Atila 础产诲耻濒办补诲颈谤辞臒濒耻, Joshua D. Angrist, Peter D. Hull, and Parag A. Pathak

蝌蚪网 Review, July 2016

Charter takeovers are traditional public schools restarted as charter schools. We develop a grandfathering instrument for takeover attendance that compares students at schools designated for takeover with a matched sample of students attending similar sch...

Self-Control and the Development of Work Arrangements

By Supreet Kaur, Michael Kremer, and Sendhil Mullainathan

蝌蚪网 Review, May 2010

The Mirage of Fixed Exchange Rates

[Symposium: The Monetary Transmission Mechanism]

By Maurice Obstfeld and Kenneth Rogoff

Journal of Economic Perspectives, Fall 1995

This paper discusses the profound difficulties of maintaining fixed exchange rates in a world of expanding global capital markets. Contrary to popular wisdom, industrialized-country monetary authorities easily have the resources to defend exchange paritie...

Doctoral Dissertations in Economics

Journal of Economic Literature, December 2014

Incentives, Commitments, and Habit Formation in Exercise: Evidence from a Field Experiment with Workers at a Fortune-500 Company

By Heather Royer, Mark Stehr, and Justin Sydnor

蝌蚪网 Journal: Applied Economics, July 2015

Financial incentives have shown strong positive short-run effects for problematic health behaviors that likely stem from time inconsistency. However, the effects often disappear once incentive programs end. This paper analyzes the results of a large-scale...

Book Reviews

Journal of Economic Literature, March 2013

Immigration and the Neighborhood

By Albert Saiz and Susan Wachter

蝌蚪网 Journal: Economic Policy, May 2011

Within metropolitan areas, neighborhoods of growing immigrant settlement are becoming relatively less desirable to natives. We deploy a geographic diffusion model to instrument for the growth of immigrant density in a neighborhood. Our approach deals ex...

Can Hiring Quotas Work? The Effect of the Nitaqat Program on the Saudi Private Sector

By Jennifer R. Peck

蝌蚪网 Journal: Economic Policy, May 2017

This paper studies the effects of quota-based labor regulations on firms in the context of Saudi Arabia's Nitaqat program, which imposed quotas for Saudi hiring at private firms. I use a comprehensive firm-level administrative dataset and exploit kinks in...

Doctoral Dissertations in Economics

Journal of Economic Literature, December 2013

Safe Asset Scarcity and Aggregate Demand

By Ricardo J. Caballero, Emmanuel Farhi, and Pierre-Olivier Gourinchas

蝌蚪网 Review, May 2016

We explore the consequences of safe asset scarcity on aggregate demand in a stylized IS-LM/Mundell Fleming style environment. Acute safe asset scarcity forces the economy into a "safety trap" recession. In the open economy, safe asset scarcity spreads fro...

Social Capital and Social Quilts: Network Patterns of Favor Exchange

By Matthew O. Jackson, Tomas Rodriguez-Barraquer, and Xu Tan

蝌蚪网 Review, August 2012

We examine the informal exchange of favors in societies such that any two individuals interact too infrequently to sustain exchange, but such that the social pressure of the possible loss of multiple relationships can sustain exchange. Patterns of exchang...

Carrot or Stick? The Evolution of Reciprocal Preferences in a Haystack Model

By Florian Herold

蝌蚪网 Review, April 2012

We study the evolution of both characteristics of reciprocity: the willingness to reward and the willingness to punish. First, both preferences for rewarding and preferences for punishing can survive provided that individuals interact within separate g...

Technology Capital and the US Current Account

By Ellen R. McGrattan and Edward C. Prescott

蝌蚪网 Review, September 2010

The US Bureau of Economic Analysis (BEA) estimates that the return on investments of foreign subsidiaries of US multinational companies over the period 1982-2006 averaged 9.4 percent annually after taxes; US subsidiaries of foreign multinationals averaged...

Competition in Loan Contracts

By Christine A. Parlour and Uday Rajan

蝌蚪网 Review, December 2001

We present a model of an unsecured loan market. Many lenders simultaneously offer loan contracts (a debt level and an interest rate) to a borrower. The borrower may accept more than one contract. Her payoff if she defaults increases in the total amount bo...

Incentives in Organizations

[Symposium: The Firm and its Boundaries]

By Robert Gibbons

Journal of Economic Perspectives, Fall 1998

In this paper, the author summarizes four new strands in agency theory that help him think about incentives in real organizations. As a point of departure, The author begins with a quick sketch of the classic agency model. He then discusses static models ...