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Written in celebration of the upcoming 100th anniversary of the <i>American Economic Review</i> (February 2011), this paper recounts the history of the journal. The recounting has an analytic core that sees the American Economic Association as an organization supplying goods and services to its...
Persistent link: https://www.econbiz.de/10012462383
I provide a quantitative interpretation of financial intermediation in the U.S. over the past 130 years. Measuring separately the cost of intermediation and the production of financial services, I find that: (i) the quantity of intermediation varies a lot over time; (ii) intermediation is...
Persistent link: https://www.econbiz.de/10012460582
have made it possible to trade in some business and computing services that were previously considered non-tradable. This …
Persistent link: https://www.econbiz.de/10012466745
The impact of trade liberalization on manufacturing growth has been widely studied in the literature. What has gone …
Persistent link: https://www.econbiz.de/10012458742
This note lays out the basic Susceptible-Infected-Recovered (SIR) epidemiological model of contagion, with a target audience of economists who want a framework for understanding the effects of social distancing and containment policies on the evolution of contagion and interactions with the...
Persistent link: https://www.econbiz.de/10012482082
Were high import tariffs somehow related to the strong U.S. economic growth during the late nineteenth century? This paper examines this frequently mentioned but controversial question and investigates the channels by which tariffs could have promoted growth during this period. The paper shows...
Persistent link: https://www.econbiz.de/10012471128
The history of the twentieth century can be summarized excessively briefly in five propositions: First, that the history of the twentieth century was overwhelmingly economic history. Second, that the twentieth century saw the material wealth of humankind explode beyond all previous imagining....
Persistent link: https://www.econbiz.de/10012471206
traffic-search data whether police behavior reflects a rackial bias. We discuss why a simple test for racial bias commonly … characteristics observed by the police is only partially observable by the econometrician. We apply the test to traffic-search data … fairness in policing. We show that in some circumstances there is no trade-off; constraining the police to be color-blind may …
Persistent link: https://www.econbiz.de/10012471334
Retirement saving accounts, particularly employer-provided 401(k) plans rapidly in the last decade. More than forty percent of workers are currently eligible for these" plans, and over seventy percent of eligibles participate in these plans. The substantial and" ongoing accumulation of assets in...
Persistent link: https://www.econbiz.de/10012471815
We estimate the impact of piped water and sewers on property values in mid-19th century Chicago. The cost of sewer construction depends sensitively on imperceptible variation in grade, and such variations in grade delay water and sewer service to part of the city. This delay provides...
Persistent link: https://www.econbiz.de/10012938687