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Recommendations for Further Reading

By David Felix

Journal of Economic Perspectives, Summer 1999

How Liable Should a Lender Be? The Case of Judgment-Proof Firms and Environmental Risk: Comment

By Tracy R. Lewis and David E. M. Sappington

蝌蚪网 Review, June 2001

Using Artefactual Field Experiments to Learn about the Incentives for Sustainable Forest Use in Developing Economies

By Maarten Voors, Erwin Bulte, Andreas Kontoleon, John A. List, and Ty Turley

蝌蚪网 Review, May 2011

We implement a public goods game and a social intervention modeled after a public goods game in rural Sierra Leone near the Gola Forest Reserve. We also collect demographic, economic and forest conservation data on households in the area. We use this data...

Disentangling the Effects of Health Reform in Massachusetts: How Important Are the Special Provisions for Young Adults?

By Sharon K. Long, Alshadye Yemane, and Karen Stockley

蝌蚪网 Review, May 2010

Policy Watch: The Introduction of Indexed Government Debt in the United States

By David W. Wilcox

Journal of Economic Perspectives, Winter 1998

This article describes the early phases of the development of the market for indexed government debt in the United States. The first such bonds were issued in 1997鈥攐ne set with a maturity of ten years, the other with a maturity of five years. In the wak...

Portfolio Claustrophobia: Asset Pricing in Markets with Illiquid Assets

By Francis A. Longstaff

蝌蚪网 Review, September 2009

Many classes of assets are illiquid or nonmarketable in that they cannot always be traded immediately. Thus, a portfolio position in these becomes at least temporarily irreversible. We study the asset-pricing implications of this type of illiquidity in...

Trade Liberalization and the Skill Premium: A Local Labor Markets Approach

By Rafael Dix-Carneiro and Brian K. Kovak

蝌蚪网 Review, May 2015

We develop a specific-factors model of regional economies that includes two types of workers, skilled and unskilled. The model delivers a simple equation relating trade-induced local shocks to changes in local skill premia. We apply the methodology to Bra...

Retrospectives: Schumpeter, David Wells, and Creative Destruction

By Michael Perelman

Journal of Economic Perspectives, Summer 1995

Joseph A. Schumpeter's celebrated theory of creative destruction was anticipated by David Wells's Recent Economic Changes (1989). In some respects, Wells's treatment is superior to that of Schumpeter. Unlike Schumpeter, who believed that monopolistic comp...

The Role of Theory in Field Experiments

[Symposium: Field Experiments]

By David Card, Stefano DellaVigna, and Ulrike Malmendier

Journal of Economic Perspectives, Summer 2011

We classify all published field experiments in five top economics journals from 1975 to 2010 according to how closely the experimental design and analysis are linked to economic theory. We find that the vast majority of field experiments (68 percent) are ...

The 1918 Influenza Pandemic and Subsequent Health Outcomes: An Analysis of SIPP Data

By Douglas Almond and Bhashkar Mazumder

蝌蚪网 Review, May 2005

Symposium on the Economics of Liability

[Symposium: The Economics of Liability]

By Carl Shapiro

Journal of Economic Perspectives, Summer 1991

Has the U.S. liability system run amok? Many commentators feel it has, as do many executives who feel that the liability "tax" discourages innovation and ultimately fails to promote safety. On the other hand, economists have ceaselessly pointed out that w...

How Effective Is Green Regulatory Threat?

By Werner Antweiler

蝌蚪网 Review, May 2003

How General Are Risk Preferences? Choices under Uncertainty in Different Domains

By Liran Einav, Amy Finkelstein, Iuliana Pascu, and Mark R. Cullen

蝌蚪网 Review, October 2012

We analyze the extent to which individuals' choices over five employer-provided insurance coverage decisions and one 401(k) investment decision exhibit systematic patterns, as would be implied by a general utility component of risk preferences. We provide...

The Macroeconomics of Labor and Credit Market Imperfections

By Etienne Wasmer and Philippe Weil

蝌蚪网 Review, September 2004

Credit market imperfections influence the labor market and aggregate economic activity. In turn, macroeconomic factors have an impact on the credit sector. To assess these effects in a tractable general-equilibrium framework, we introduce endogenous searc...

Education, HIV, and Early Fertility: Experimental Evidence from Kenya

By Esther Duflo, Pascaline Dupas, and Michael Kremer

蝌蚪网 Review, September 2015

A seven-year randomized evaluation suggests education subsidies reduce adolescent girls' dropout, pregnancy, and marriage but not sexually transmitted infection (STI). The government's HIV curriculum, which stresses abstinence until marriage, does not red...

Distinguished Fellow: An Appreciation of Guy Orcutt

By Harold W. Watts

Journal of Economic Perspectives, Winter 1991

Guy Henderson Orcutt, Distinguished Fellow of our Association. has now moved to a new phase of his career (retirement). Most of Guy's career has been at four universities: Michigan, where he earned all three degrees, Harvard, Wisconsin, and Yale. In betwe...

Calculation of a Population Externality

By Henning Bohn and Charles Stuart

蝌蚪网 Journal: Economic Policy, May 2015

It is known that when people generate externalities, a birth also generates an externality and efficiency requires a Pigou tax/subsidy on having children. The size of the externality from a birth is important for studying policy. We calculate the size of ...

Macroeconomics and the Term Structure

By Refet S. 骋眉谤办补测苍补办 and Jonathan H. Wright

Journal of Economic Literature, June 2012

This paper provides an overview of the analysis of the term structure of interest rates with a special emphasis on recent developments at the intersection of macroeconomics and finance. The topic is important to investors and also to policymakers, who wis...

A Field Study on Matching with Network Externalities

By Mariagiovanna Baccara, 础测艧别 陌尘谤辞丑辞谤辞臒濒耻, Alistair J. Wilson, and Leeat Yariv

蝌蚪网 Review, August 2012

We study the effects of network externalities within a protocol for matching faculty to offices in a new building. Using web and survey data on faculty's attributes and choices, we identify the different layers of the social network: institutional affili...

The Provision of Public Goods under Alternative Electoral Incentives

By Alessandro Lizzeri and Nicola Persico

蝌蚪网 Review, March 2001

Politicians who care about the spoils of office may underprovide a public good because its benefits cannot be targeted to voters as easily as pork-barrel spending. We compare a winner-take-all system鈥攚here all the spoils go to the winner鈥攖o a proporti...