Front Matter
(pp. i–x)
American Economic Review
ISSN 0002-8282 (Print) | ISSN 1944-7981 (Online)
Vol. 91, No. 2, May 2001
Find articles in this issue
Struggling to Understand the Stock Market
(pp. 1–11)
Human Capital and Growth
(pp. 12–17)
The Legacy of U.S. Educational Leadership: Notes on Distribution and Economic Growth in the 20th Century
(pp. 18–23)
Black-White Achievement Differences and Governmental Interventions
(pp. 24–28)
Input Trade and the Location of Production
(pp. 29–33)
Why Did Productivity Fall So Much during the Great Depression?
(pp. 34–38)
Market Trade in Patents and the Rise of a Class of Specialized Inventors in the 19th-Century United States
(pp. 39–44)
Sharing Ambiguity
(pp. 45–50)
Pitfalls of a Minimax Approach to Model Uncertainty
(pp. 51–54)
Minimax Estimation and Forecasting in a Stationary Autoregression Model
(pp. 55–59)
Robust Control and Model Uncertainty
(pp. 60–66)
Do People Mean What They Say? Implications for Subjective Survey Data
(pp. 67–72)
In Search of Homo Economicus: Behavioral Experiments in 15 Small-Scale Societies
(pp. 73–78)
Growing Up in the Projects: The Economic Lives of a Cohort of Men Who Came of Age in Chicago Public Housing
(pp. 79–84)
Youth Smoking in the 1990's: Why Did It Rise and What Are the Long-Run Implications?
(pp. 85–90)
Behavior Policies and Teen Traffic Safety
(pp. 91–96)
Going to College to Avoid the Draft: The Unintended Legacy of the Vietnam War
(pp. 97–102)
Designing Programs for Heterogeneous Populations: The Value of Covariate Information
(pp. 103–106)
Policy-Relevant Treatment Effects
(pp. 107–111)
Reconciling Conflicting Evidence on the Performance of Propensity-Score Matching Methods
(pp. 112–118)
Propensity-Score Matching with Instrumental Variables
(pp. 119–124)
Interactions between Unmarried Fathers and Their Children: The Role of Paternity Establishment and Child-Support Policies
(pp. 125–129)
The Effect of Child-Support Policies on Visitations and Transfers
(pp. 130–134)
New Estimates of the Impact of Child Disability on Maternal Employment
(pp. 135–139)
Signals of Child Achievement as Determinants of Child Support
(pp. 140–144)
The Importance of Noncognitive Skills: Lessons from the GED Testing Program
(pp. 145–149)
As Ye Sweep, So Shall Ye Reap
(pp. 150–154)
Incentive-Enhancing Preferences: Personality, Behavior, and Earnings
(pp. 155–158)
Understanding, Speaking, Reading, Writing, and Earnings in the Immigrant Labor Market
(pp. 159–163)
Black-White Earnings Differentials: Privatization versus Deregulation
(pp. 164–168)
Market Structure and Racial Earnings: Evidence from Job-Changers
(pp. 169–173)
Racial Differences in Transportation Access to Employment in Chicago and Los Angeles, 1980 and 1990
(pp. 174–177)
Annual Income and Identity Formation among Persons of Mexican Descent
(pp. 178–183)
Assessing the Property Rights and Transaction-Cost Theories of Firm Scope
(pp. 184–188)
Empirical Strategies in Contract Economics: Information and the Boundary of the Firm
(pp. 189–194)
Do Firm Boundaries Matter?
(pp. 195–199)
Organizational Design: Decision Rights and Incentive Contracts
(pp. 200–205)
The Influence of the Financial Revolution on the Nature of Firms
(pp. 206–211)
Bringing the Market inside the Firm?
(pp. 212–218)
Interest Rates and Inflation
(pp. 219–225)
NAIRU Uncertainty and Nonlinear Policy Rules
(pp. 226–231)
The Taylor Rule and Optimal Monetary Policy
(pp. 232–237)
Fewer Monies, Better Monies
(pp. 238–242)
Why Not a Global Currency?
(pp. 243–247)
Optimal Monetary Policy in Open versus Closed Economies: An Integrated Approach
(pp. 248–252)
Should Central Banks Respond to Movements in Asset Prices?
(pp. 253–257)
Should Monetary Policy Respond Strongly to Output Gaps?
(pp. 258–262)
The Role of the Exchange Rate in Monetary-Policy Rules
(pp. 263–267)
Price and Quality of Desktop and Mobile Personal Computers: A Quarter-Century Historical Overview
(pp. 268–273)
The Acceleration of Variety Growth
(pp. 274–280)
Productivity Change in Health Care
(pp. 281–286)
Internet Peering
(pp. 287–291)
Advances in Routing Technologies and Internet Peering Agreements
(pp. 292–296)
Access Pricing, Bypass, and Universal Service
(pp. 297–301)
Cable Modems and DSL: Broadband Internet Access for Residential Customers
(pp. 302–307)
Do We Have a New E-conomy?
(pp. 308–312)
Projecting the Economic Impact of the Internet
(pp. 313–317)
E-Commerce: Measurement and Measurement Issues
(pp. 318–322)
Schooling Data, Technological Diffusion, and the Neoclassical Model
(pp. 323–327)
Cross-Country Technology Diffusion: The Case of Computers
(pp. 328–335)
Why Wait? A Century of Life before IPO
(pp. 336–341)
Appeasement: Can It Work?
(pp. 342–346)
The Creation of Effective Property Rights
(pp. 347–352)
Guns, Butter, and Openness: On the Relationship between Security and Trade
(pp. 353–357)
Commercial Policy in a "Fragmented" World
(pp. 358–362)
The Role of International Fragmentation in the Development Process
(pp. 363–366)
Trade and Exposure
(pp. 367–370)
International Trade and Business Cycles: Is Vertical Specialization the Missing Link?
(pp. 371–375)
Coping with Terms-of-Trade Shocks: Pegs versus Floats
(pp. 376–380)
Dollarization
(pp. 381–385)
National Money as a Barrier to International Trade: The Real Case for Currency Union
(pp. 386–390)
Exchange-Rate Hedging: Financial versus Operational Strategies
(pp. 391–395)
A Reexamination of Exchange-Rate Exposure
(pp. 396–399)
Gender Differences in the Labor-Market Effects of the Dollar
(pp. 400–405)
The Empirical Importance of Precautionary Saving
(pp. 406–412)
How Important Are Idiosyncratic Shocks? Evidence from Labor Supply
(pp. 413–417)
Interest Elasticity in a Life-Cycle Model with Precautionary Savings
(pp. 418–421)
Banks and Liquidity
(pp. 422–425)
Venture Capitals As Principals: Contracting, Screening, and Monitoring
(pp. 426–430)
A Reason for Quantity Regulation
(pp. 431–435)
Financial Intermediation without Exclusivity
(pp. 436–439)
Research in Economic Education: Five New Initiatives
(pp. 440–445)
Teaching Economics at the Start of the 21st Century: Still Chalk-and-Talk
(pp. 446–451)
Assessing the Economic Understanding of U.S. High School Students
(pp. 452–457)
Minutes of the Annual Meeting
(pp. 461–462)
Minutes of the Executive Committee Meetings
(pp. 462–471)
Report of the Secretary for 2000
(pp. 472–474)
Report of the Treasurer for the Year Ending December 31, 2000
(p. 475)
Report of the Finance Committee
(p. 476)
Report of the Editor: American Economic Review
(pp. 477–485)
Report of the Editor: Journal of Economic Literature
(pp. 486–488)
Report of the Editor: Journal of Economic Perspectives
(pp. 489–491)
Report of the Director: Job Openings for Economists
(pp. 492–494)
Report of the Committee on Economic Education
(pp. 495–496)
Report of the Committee on the Status of Minority Groups in the Economics Profession
(pp. 497–501)
Report of the Committee on the Status of Women in the Economics Profession
(pp. 502–507)
Report of the Search Committee for the Editor of the AER
(p. 508)
American Economic Association Universal Academic Questionnaire Summary Statistics
(pp. 509–511)