American Economic Review

American Economic Review

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A Theory of Price Caps on Non-Renewable Resources

Market Opacity and Fragility: Why Liquidity Evaporates When It Is Most Needed

Monetary Policy without Commitment

Remote Work and City Structure

Self-Fulfilling Fluctuations in HANK Economies

Taxing Top Wealth: Migration Responses and their Aggregate Economic Implications

The Aggregate Costs of Uninsurable Business Risk

The Efficiency-Equity Tradeoff of the Corporate Income Tax: Evidence from the Tax Cuts and Jobs Act

Uncertainty and Change: Survey Evidence of Firms' Subjective Beliefs

Understanding High-Wage Firms: Monopoly, Monopsony, and Bargaining Power

A Preferred-Habitat Model of Term Premia, Exchange Rates, and Monetary Policy Spillovers

A Theory of Supply Function Choice and Aggregate Supply

A Welfare Analysis of Policies Impacting Climate Change

Abundance from Abroad: Migrant Income and Long-Run Economic Development

Across-Country Wage Compression in Multinationals

Additionality and Asymmetric Information in Environmental Markets: Evidence from Conservation Auctions

An Equilibrium Analysis of the Effects of Neighborhood-Based Interventions on Children

Anatomy of the Phillips Curve: Micro Evidence and Macro Implications

Borrowing and Spending in the Money: Debt Substitution and the Cash-Out Refinance Channel of Monetary Policy

Community Engagement and Public Safety: Evidence from Crime Enforcement Targeting Immigrants

Consistent Evidence on Duration Dependence of Price Changes

Consumer Credit and the Incidence of Tariffs: Evidence from the Auto Industry

Contextually Private Mechanisms

Default Options and Retirement Saving Dynamics

Defying Distance? The Provision of Medical Services in the Digital Age

Designing Dynamic Reassignment Mechanisms: Evidence from GP Allocation

Do Credit Conditions Move House Prices?

Downward Rigidity in the Wage for New Hires

Dynamics of the Long-Term Housing Yield: Evidence from Natural Experiments

Efficiency Criteria, Income Taxation, and Heterogeneous Elasticities

Energy Transitions in Regulated Markets

Equal Pay for Similar Work

Financial Frictions: Micro versus Macro Volatility

Firm Responses and Wage Effects of Foreign Demand Shocks with Fixed Labor Costs and Monopsony

Germs in the Family: The Short- and Long-Term Consequences of Intra-Household Disease Spread

Ideological Alignment and Evidence-Based Policy Adoption

Intergenerational Impacts of Secondary Education: Experimental Evidence from Ghana

International Trade Responses to Labor Market Regulations

Labor Market Competition and the Assimilation of Immigrants

Manipulation-Robust Prediction

Marriage, Fertility, and Cultural Integration in Italy

Merger Effects and Antitrust Enforcement: Evidence from US Consumer Packaged Goods

Optimal Public Transportation Networks: Evidence from the World's Largest Bus Rapid Transit System in Jakarta

Optimal Taxation and Market Power

Place-Based Redistribution

Politics at Work

Professional Motivations in the Public Sector: Evidence from Police Officers

Racial Disparities in Housing Returns

Random Utility with Unobservable Alternatives

Rationing by Race

Risk Sharing Tests and Covariate Shocks: Drought, Floods, and Pests in Uganda

Screening and Segmenting: A Consumer Surplus Perspective

Supply, Demand, Institutions, and Firms: A Theory of Labor Market Sorting and the Wage Distribution

Take the Goods and Run: Contracting Frictions and Market Power in Supply Chains

Talent Hoarding in Organizations

The Effect of High-Tech Clusters on the Productivity of Top Inventors: Comment

The Effect of Omitted Variables on the Sign of Regression Coefficients

The Environmental Bias of Corporate Income Taxation

The Productivity of Professions: Evidence from the Emergency Department

Why Is Workplace Sexual Harassment Underreported? The Value of Outside Options amid the Threat of Retaliation