Front Matter
(pp. i–ix)
American Economic Review
ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)
Vol. 101, No. 3, May 2011
Find articles in this issue
Foreword
(p. x)
Editors' Introduction
(pp. xi–xii)
Inequality at Birth: Some Causes and Consequences
(pp. 1–22)
Recessions, Retirement, and Social Security
(pp. 23–28)
What Explains Changes in Retirement Plans during the Great Recession?
(pp. 29–34)
Time to Retire? The Effect of State Fiscal Policies on Retirement Decisions
(pp. 35–39)
Crash and Wait? The Impact of the Great Recession on the Retirement Plans of Older Americans
(pp. 40–44)
Does Concentration Matter? Measurement of Petroleum Merger Price Effects
(pp. 45–50)
More Evidence on the Performance of Merger Simulations
(pp. 51–55)
Challenges in Merger Simulation Analysis
(pp. 56–59)
The Effect of Bottle Laws on Income: New Empirical Results
(pp. 60–64)
Promoting Recycling: Private Values, Social Norms, and Economic Incentives
(pp. 65–70)
The Environmental Consequences of Global Reuse
(pp. 71–76)
The Diffusion of Energy Efficiency in Building
(pp. 77–82)
Do Residential Customers Respond to Hourly Prices? Evidence from a Dynamic Pricing Experiment
(pp. 83–87)
Electricity Consumption and Durable Housing: Understanding Cohort Effects
(pp. 88–92)
Is an Automaker's Road to Bankruptcy Paved with Customers' Beliefs?
(pp. 93–97)
Consumers' Perceptions and Misperceptions of Energy Costs
(pp. 98–104)
Fuel Economy, Car Class Mix, and Safety
(pp. 105–09)
Forecasting Gasoline Prices Using Consumer Surveys
(pp. 110–14)
Credit Ratings and Security Prices in the Subprime MBS Market
(pp. 115–19)
Credit Ratings Accuracy and Analyst Incentives
(pp. 120–24)
Did Credit Rating Agencies Make Unbiased Assumptions on CDOs?
(pp. 125–30)
Credit Ratings and the Evolution of the Mortgage-Backed Securities Market
(pp. 131–35)
Wine Retail Price Dispersion in the United States: Searching for Expensive Wines?
(pp. 136–41)
Climate, Grapevine Phenology, Wine Production, and Prices: Pauillac (1800-2009)
(pp. 142–46)
Isolating the Symbolic Implications of Employee Mobility: Price Increases after Hiring Winemakers from Prominent Wineries
(pp. 147–51)
What Is the Value of Terroir?
(pp. 152–56)
The Restoration of Welfare Economics
(pp. 157–61)
Markets and Morality
(pp. 162–65)
Economics: A Moral Inquiry with Religious Origins
(pp. 166–70)
Economists as Worldly Philosophers
(pp. 171–75)
Completion Rates and Time-to-Degree in Economics PhD Programs (with comments by David Colander, N. Gregory Mankiw, Melissa P. McInerney, James M. Poterba)
(pp. 176–88)
A Bright Idea for Measuring Economic Growth
(pp. 194–99)
Does Quality Adjustment Matter for Technologically Stable Products? An Application to the CPI for Food
(pp. 200–205)
Quality Adjustment for Health Care Spending on Chronic Disease: Evidence from Diabetes Treatment, 1999-2009
(pp. 206–11)
Sale Rates and Price Movements in Art Auctions
(pp. 212–16)
Rock and Roll Bands, (In)complete Contracts, and Creativity
(pp. 217–21)
Art and Money
(pp. 222–26)
Optimal Learning Patterns for Creativity Generation in a Field
(pp. 227–32)
Why Can't US Airlines Make Money?
(pp. 233–37)
Comparing the Costs of Intermittent and Dispatchable Electricity Generating Technologies
(pp. 238–41)
Financial Regulatory Reform: Challenges Ahead
(pp. 242–46)
Measuring the Benefits of Greater Spatial Granularity in Short-Term Pricing in Wholesale Electricity Markets
(pp. 247–52)
Challenges from State-Federal Interactions in US Climate Change Policy
(pp. 253–57)
The Role of Trade and Competitiveness Measures in US Climate Policy
(pp. 258–62)
Vertical Targeting and Leakage in Carbon Policy
(pp. 263–67)
The Effect of Allowing Pollution Offsets with Imperfect Enforcement
(pp. 268–72)
Corrective Taxation versus Liability
(pp. 273–76)
Optimal Proof Burdens, Deterrence, and the Chilling of Desirable Behavior
(pp. 277–80)
Trust in Public Institutions over the Business Cycle
(pp. 281–87)
Predicting and Preventing Shootings among At-Risk Youth
(pp. 288–92)
The "Collapse in Quality" Hypothesis
(pp. 293–97)
Trade Finance and the Great Trade Collapse
(pp. 298–302)
US Trade and Inventory Dynamics
(pp. 303–07)
Vertical Linkages and the Collapse of Global Trade
(pp. 308–12)
Does Market Experience Eliminate Market Anomalies? The Case of Exogenous Market Experience
(pp. 313–17)
The Persistence of Treatment Effects with Norm-Based Policy Instruments: Evidence from a Randomized Environmental Policy Experiment
(pp. 318–22)
Can Tailored Communications Motivate Environmental Volunteers? A Natural Field Experiment
(pp. 323–28)
Using Artefactual Field Experiments to Learn about the Incentives for Sustainable Forest Use in Developing Economies
(pp. 329–33)
Long-Term Consequences of Vietnam-Era Conscription: New Estimates Using Social Security Data
(pp. 334–38)
Battle Scars? The Puzzling Decline in Employment and Rise in Disability Receipt among Vietnam Era Veterans
(pp. 339–44)
Long-Run Mortality Effects of Vietnam-Era Army Service: Evidence from Australia's Conscription Lotteries
(pp. 345–49)
The War at Home: Effects of Vietnam-Era Military Service on Postwar Household Stability
(pp. 350–54)
Race and Home Ownership from the End of the Civil War to the Present
(pp. 355–59)
Covenants without Courts: Enforcing Residential Segregation with Legally Unenforceable Agreements
(pp. 360–65)
The New Deal, Race, and Home Ownership in the 1920s and 1930s
(pp. 366–70)
Land and Racial Wealth Inequality
(pp. 371–76)
Heterogeneity in Choice Inconsistencies among the Elderly: Evidence from Prescription Drug Plan Choice
(pp. 377–81)
Part D Formulary and Benefit Design as a Risk-Steering Mechanism
(pp. 382–86)
The Medium-Term Impact of Medicare Part D on Pharmaceutical Prices
(pp. 387–92)
Are Drugs Substitutes or Complements for Intensive (and Expensive) Medical Treatment
(pp. 393–97)
The Risky Steady State
(pp. 398–401)
Market Sentiment: A Tragedy of the Commons
(pp. 402–05)
Disasterization: A Simple Way to Fix the Asset Pricing Properties of Macroeconomic Models
(pp. 406–09)
Regulating Asset Price Risk
(pp. 410–12)
Leverage and the Financial Accelerator in a Liquidity Trap
(pp. 413–16)
Helping Consumers Know Themselves
(pp. 417–22)
The Limits of Transparency: Pitfalls and Potential of Disclosing Conflicts of Interest
(pp. 423–28)
The Financial Education Fallacy
(pp. 429–34)
Superfund Cleanups and Infant Health
(pp. 435–41)
Environmental Regulation and Labor Reallocation: Evidence from the Clean Air Act
(pp. 442–47)
Water Quality Violations and Avoidance Behavior: Evidence from Bottled Water Consumption
(pp. 448–53)
Monopsony, Mobility, and Sex Differences in Pay: Missouri School Teachers
(pp. 454–59)
Teacher Mobility Responses to Wage Changes: Evidence from a Quasi-natural Experiment
(pp. 460–65)
Negative Returns to Seniority and Job Mobility across the Program Quality Distribution: Are Top Public PhD-Granting Programs Different?
(pp. 466–70)
Are Micro and Macro Labor Supply Elasticities Consistent? A Review of Evidence on the Intensive and Extensive Margins
(pp. 471–75)
Interpreting Labor Supply Regressions in a Model of Full- and Part-Time Work
(pp. 476–81)
Labor Supply and the Extensive Margin
(pp. 482–86)
A Labor Supply Elasticity Accord?
(pp. 487–91)
Which Dimensions of Culture Matter for Long-Run Growth?
(pp. 492–98)
Fertility and the Plough
(pp. 499–503)
The Weight of History on European Cultural Integration: A Gravity Approach
(pp. 504–08)
Social Preferences and Fairness Norms as Informal Institutions: Experimental Evidence
(pp. 509–13)
Gender Gap in Performance under Competitive Pressure: Admissions to Czech Universities
(pp. 514–18)
The Roma/Non-Roma Test Score Gap in Hungary
(pp. 519–25)
Learn English, Not the Local Language! Ethnic Russians in the Baltic States
(pp. 526–31)
Oaxaca-Blinder as a Reweighting Estimator
(pp. 532–37)
Robustness to Parametric Assumptions in Missing Data Models
(pp. 538–43)
Flexible Estimation of Treatment Effect Parameters
(pp. 544–51)
Origins of the Unemployment Rate: The Lasting Legacy of Measurement without Theory
(pp. 552–57)
The Lerner Index of Monopoly Power: Origins and Uses
(pp. 558–64)
Real Wage Index Numbers
(pp. 565–70)
The Impact of the Transatlantic Slave Trade on Ethnic Stratification in Africa
(pp. 571–76)
Global Financial Crisis and Africa: Is the Impact Permanent or Transitory? Time Series Evidence from North Africa
(pp. 577–81)
Remittances and Income Smoothing
(pp. 582–87)
Applying Fixed Effects to Hierarchical Segregation Models
(pp. 588–92)
Does Mestizaje Matter in the US? Economic Stratification of Mexican Immigrants
(pp. 593–97)
Estimating the Ex Ante Expected Returns to College
(pp. 598–602)
Tracking Intergenerational Progress for Immigrant Groups: The Problem of Ethnic Attrition
(pp. 603–08)
Owner-Occupied Housing: Life-Cycle Implications for the Household Portfolio
(pp. 609–14)
House Prices and Marital Stability
(pp. 615–19)
Hazardous Waste Cleanup, Neighborhood Gentrification, and Environmental Justice: Evidence from Restricted Access Census Block Data
(pp. 620–24)
Estimating the Willingness to Pay to Avoid Violent Crime: A Dynamic Approach
(pp. 625–29)
Compensating Differentials for Sexual Harassment
(pp. 630–34)
Chipping Away at the Glass Ceiling: Gender Spillovers in Corporate Leadership
(pp. 635–39)
Have Gender Gaps in Insurance Coverage and Access to Care Narrowed under Health Reform? Findings from Massachusetts
(pp. 640–44)
International Migration and Gender Discrimination among Children Left Behind
(pp. 645–49)
Minutes of the Annual Meeting: Denver, CO, January 8, 2011
(pp. 653–54)
Report of the Secretary for 2010
(pp. 655–58)
Report of the Treasurer
(pp. 659–63)
American Economic Association Universal Academic Questionnaire Summary Statistics
(pp. 664–67)
Minutes of the Meeting of the Executive Committee: Chicago, IL, April 23, 2010
(pp. 669–76)
Minutes of the Meeting of the Executive Committee: Denver, CO, January 6, 2011
(pp. 677–83)
Report of the Editor: American Economic Review (with Appendix by Philip J. Glandon)
(pp. 684–93)
Report of the Editor: Journal of Economic Literature
(pp. 700–702)
Report of the Editor: Journal of Economic Perspectives
(pp. 703–05)
Report of the Editor: American Economic Journal: Applied Economics
(pp. 706–09)
Report of the Editor: American Economic Journal: Economic Policy
(pp. 710–12)
Report of the Editor: American Economic Journal: Macroeconomics
(pp. 713–17)
Report of the Editor: American Economic Journal: Microeconomics
(pp. 718–20)
Report of the Director: Job Openings for Economists
(pp. 721–23)
Report of the Committee on Economic Education for 2010
(pp. 724–30)
Report of the Committee on the Status of Women in the Economics Profession 2010
(pp. 731–36)
Committee on the Status of Minority Groups in the Economics Profession: Report of Committee Activities for the 2010 Calendar Year
(pp. 737–38)
American Economic Association Committee on Statistics (AEAStat): Annual Report--2010
(pp. 739–40)
Report of the Committee on Government Relations
(pp. 741–43)
Report of Ad Hoc Committee on the Job Market
(pp. 744–46)