Now showing items 1-20 of 1318

    • The 2006 Economic Report of the President 

      Feldstein, Martin (American Economic Association, 2006)
      This paper is an analytic comment on two chapters of the Economic Report of the President for 2006. Chapter One deals with the economy in 2005 and the outlook for the future. The chapter provides a detailed analysis of the ...
    • Academic Freedom, Private-Sector Focus, and the Process of Innovation 

      Aghion, Philippe; Dewatripont, Mathias; Stein, Jeremy C. (RAND Corporation, 2008)
      We develop a model that clarifies the respective advantages and disadvantages of academic and private-sector research. Rather than relying on lack of appropriability or spillovers to generate a rationale for academic ...
    • Accumulated Pension Collars: A Market Approach to Reducing The Risk of Investment-Based Social Security Reform 

      Feldstein, Martin S.; Ranguelova, Elena (National Bureau of Economic Research, 2000)
      This paper shows how a new type of derivative product that could be provided by private financial markets could in principle be used to guarantee that an investment-based Social Security reform provides at least the level ...
    • Achieving Escape Velocity: Neighborhood and School Interventions to Reduce Persistent Inequality 

      Fryer, Roland Gerhard; Katz, Lawrence F. (American Economic Association, 2013)
      This paper reviews the evidence on the efficacy of neighborhood and school interventions in improving the long-run outcomes of children growing up in poor families. We focus on studies exploiting exogenous sources of ...
    • An Activity-Generating Theory of Regulation 

      Schwartzstein, Joshua; Shleifer, Andrei (University of Chicago Press, 2013)
      We propose an activity-generating theory of regulation. When courts make errors, tort litigation becomes unpredictable and as such imposes risk on firms, thereby discouraging entry, innovation, and other socially desirable ...
    • Addicted to Dollars 

      Reinhart, Carmen; Rogoff, Kenneth; Savastano, Miguel (2014)
      Many emerging market economies are dollarized in varying degrees. How important is this for the conduct of monetary policy and choice of exchange rate regime? We propose a composite measure of dollarization, identify its ...
    • Adding Value to Value-Added: Theory and Applications to Teachers and Bureaucrats 

      Santorella, Elizabeth (2018-01-17)
      Value-added estimators are extensively used to study teachers and other groups. In addition to estimating an individual's causal impact on outcomes, value-added models describe the dispersion of individual effects: For ...
    • Additive Damages, Fat-Tailed Climate Dynamics, and Uncertain Discounting 

      Weitzman, Martin L. (Economics, 2009)
      This paper in applied theory argues that there is a loose chain of reasoning connecting the following three basic links in the economics of climate change: 1) additive disutility damages may be appropriate for analyzing ...
    • Adjusting to Really Big Changes: The Labor Market in China, 1989-2009 

      Chi, Wei; Freeman, Richard Barry; Li, Hongbin (National Bureau of Economic Research, 2012)
      China’s emerging labor market was buffeted by changes in demand and supply and institutional changes in the last two decades. Using the Chinese Urban Household Survey data from 1989 to 2009, our study shows that the market ...
    • Advancing Beyond "Advances in Behavioral Economics" 

      Fudenberg, Drew (American Economic Association, 2006)
      This essay discusses the field of behavioral economics, with a focus on the papers in <i>Advances in Behavioral Economics</i>. These papers show that there is a body of “behavioral facts” that is both economically significant ...
    • The Aftermath of Financial Crises 

      Reinhart, Carmen M.; Rogoff, Kenneth S. (American Economic Association, 2009)
    • The Age of Reason: Financial Decisions over the Life-Cycle with Implications for Regulation 

      Agarwal, Sumit; Driscoll, John C.; Gabaix, Xavier; Laibson, David I. (Brookings Institution Press, 2009)
      Many consumers make poor financial choices and older adults are particularly vulnerable to such errors. About half of the population between ages 80 and 89 either has dementia or a medical diagnosis of “cognitive impairment ...
    • Agency Problems and Dividend Policies around the World 

      La Porta, Rafael; Lopez-de-Silanes, Florencio; Shleifer, Andrei; Vishny, Robert W. (Wiley-Blackwell, 2000)
      This paper outlines and tests two agency models of dividends. According to the “outcome” model, dividends are the result of effective pressure by minority shareholders to force corporate insiders to disgorge cash. According ...
    • The AIDS Epidemic and Its Economic Roots 

      Nikolov, Plamen (Harvard Health Policy Society, 2009)
    • Allocating Payroll Tax Revenue to Personal Retirement Accounts to Maintain Social Security Benefits and the Payroll Tax Rate 

      Feldstein, Martin S.; Samwick, Andrew (National Bureau of Economic Research, 2000)
      In an earlier paper we analyzed a method of combining traditional tax financed pay-as-you-go Social Security benefits with annuities financed by Personal Retirement Accounts. We showed that such a combination could maintain ...
    • The Allocation of Talent: Implications for Growth 

      Murphy, Kevin M.; Shleifer, Andrei; Vishny, Robert W. (Oxford University Press (OUP), 1991)
      A country's most talented people typically organize production by others, so they can spread their ability advantage over a larger scale. When they start firms, they innovate and foster growth, but when they become rent ...
    • The Allocation of Time in Decision-Making 

      Chabris, Christopher F; Laibson, David I.; Morris, Carrie L.; Schuldt, Jonathan P.; Taubinsky, Dmitry (Massachusetts Institute of Technology Press, 2009)
      We study the allocation of time across decision problems. If a decision-maker (1) has noisy estimates of value, (2) improves those estimates the longer he or she analyzes a choice problem, and (3) allocates time optimally, ...
    • Alternative Models for Moment Inequalities 

      Pakes, Ariel (Econometric Society, 2010)
      Behavioral choice models generate inequalities which, when combined with additional assumptions, can be used as a basis for estimation. This paper considers two sets of such assumptions and uses them in two empirical ...
    • America's Graduation from High School: The Evolution and Spread of Secondary Schooling in the Twentieth Century 

      Goldin, Claudia (Cambridge University Press, 1998)
      Secondary-school enrollment and graduation rates increased spectacularly in much of the United States from 1910 to 1940; the advance was particularly rapid from 1920 to 1935 in the nonsouthern states. This increase was ...
    • America's Jobs Challenges and the Continuing Role of the U.S. Department of Labor 

      Katz, Lawrence F. (Industrial & Labor Relations Review, 2014)