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Content
May 2026, Volume 116
- 1-1 President's Foreword
by Katharine G. Abraham
- 1-1 Editors’ Introduction
by William R. Johnson
- 1-19 Where Are the Streets of Gold, and Why? A New Approach to Cross-Country Analysis and an Application to Immigrant Assimilation
by Ran Abramitzky & Leah Boustan
- 20-25 The Adoption of Industrial AI in America
by Kristina McElheran & Mu-Jeung Yang & Zachary Kroff & Erik Brynjolfsson
- 26-30 Generative AI: What Type of Technology?
by Martin Neil Baily & David M. Byrne & Aidan T. Kane & Paul E. Soto
- 31-35 Aggregate Productivity Gains from Artificial Intelligence: A Sectoral Perspective
by Francesco Filippucci & Peter Gal & Matthias Schief
- 36-40 AI as an Innovation in the Method of Innovation: Implications for Productivity Growth
by Filippo Bontadini & Carol Corrado & Jonathan Haskel & Cecilia Jona-Lasinio
- 41-46 American Investment in Chinese Renminbi
by Bruno Cavani & Christopher Clayton & Amanda Dos Santos & Matteo Maggiori & Jesse Schreger
- 47-52 Global Trade, Tariff Uncertainty, and the US Dollar
by Şebnem Kalemli-Özcan & Can Soylu & Muhammed A. Yıldırım
- 53-57 Stablecoins and the Dollar: Historical Parallels and Future Risks
by Max Harris & Kenneth Rogoff
- 58-63 Dynamic Difference-in-Differences with Interference
by Ruonan Xu
- 64-69 When Should Pre-trends Be Parallel?
by Dalia Ghanem & Pedro H. C. Sant’Anna & Kaspar Wüthrich
- 70-74 Event Studies with Feedback
by Irene Botosaru & Laura Liu
- 75-80 Nonlinear Difference-in-Differences with Repeated Cross Sections
by Jeffrey M. Wooldridge
- 81-86 Debiasing Estimates of Global Forest Cover Loss
by Matthew Gordon & Eliana Stone & Megan Ayers & Luke Sanford
- 87-91 Causal Inference with Satellite Imagery: A Comparison of Methods for Forest Conservation Data
by Haya Alsharif & Ashesh Rambachan & Rahul Singh & Davide Viviano
- 92-97 Performing Valid Inference with AI/ML-Generated Covariates: A Guide for Empirical Practice
by Timothy Christensen & Stephen Hansen
- 98-102 A Preview of the Predict-Then-Debias Bootstrap
by Dan M. Kluger & Kerri Lu & Tijana Zrnic & Sherrie Wang & Stephen Bates
- 103-108 The Rare-Earth Footprint of the Global Economy: Input-Output Evidence
by Laura Alfaro & Harald Fadinger & Jan Schymik & Gede Virananda
- 109-113 Multilateral Export Control Regimes and Aggregate Exports
by Jingting Fan & Kyle Handley & Nuno Limão
- 114-118 Can Sanctions Deter Wars? The Russia-Ukraine Case
by Thierry Mayer & Isabelle Méjean & Mathias Thoenig
- 119-126 Geopolitics and Shallow Integration
by Aaditya Mattoo & Michele Ruta & Robert W. Staiger
- 127-132 Sustaining International Rules in a Multipolar World
by Cecilia Carvalho & Nicolas Goulart & Daniel Monte & Emanuel Ornelas
- 133-137 Global Imbalances and Power Imbalances
by Christopher Clayton & Matteo Maggiori & Jesse Schreger
- 138-143 Reexamining Geographic Variation in Health and Health Care
by Amy Finkelstein & Matthew Gentzkow
- 144-149 International Comparison of Physician Incomes
by Aidan Buehler & Joshua D. Gottlieb & Jeffrey Hicks & Lisa Laun & Mårten Palme & Maria Polyakova & Victoria Udalova & Maria Ventura
- 150-155 Explaining the Atomistic versus Ecological Fallacies in SES-Health Gradients
by William Parker & Johannes Spinnewijn
- 156-161 Employment Preferences of Favela Residents
by Mayara Felix & Beatriz Marcoje & Ieda Matavelli & Maria Clara Rodrigues
- 162-166 When Outsiders Become Insiders: Beliefs and the Persistence of Exclusionary Norms
by Luisa Cefalà & Franck Irakoze & Pedro Naso & Nicholas Swanson
- 167-172 A New Perspective on Spatial Heterogeneity in African Development
by Pascaline Dupas & Nicolas Suarez & Zhongyi Tang
- 173-177 How Many (Half) Moons? Measuring Technology Adoption from the Sky and on the Ground
by Jenny C. Aker & Jennifer Burney & Alison Campion & B. Kelsey Jack & Chuan Liao
- 178-183 Predicting Well-Being with Mobile Phone Data: Evidence from Four Countries
by Emily Aiken & Joshua E. Blumenstock & Sveta Milusheva & M. Merritt Smith
- 184-189 Representation in Mobility Data in Emerging Cities
by Daniel Björkegren & Alice Duhaut & Oluchi Mbonu & Geetika Nagpal & Nick Tsivanidis
- 190-194 Persistent Impacts of Improved Apprenticeship Training Quality
by Morgan Hardy & Isaac Mbiti & Jamie McCasland
- 195-200 Teacher Content Knowledge in Indian Secondary Schools and Its Relationship with Student Learning
by Sabrin Beg & Anne Fitzpatrick & Jason T. Kerwin & Adrienne Lucas & Khandker Wahedur Rahman
- 201-205 Beyond the Campus: Indirect Effects of University Openings in Uganda
by Tess Lallemant & Brian Dillon
- 206-211 The Leaky College Pipeline: Evidence from Administrative Data in Uganda
by Isaac Ahimbisibwe & Adrien Dautheville & Lenka Fiala & Saint Kizito Omala & Wayne Aaron Sandholtz
- 212-217 Assessing Information: The Content of Asynchronous Communication in Hybrid Work
by Kyle Schirmann & Miguel Espinosa & Prithwiraj (Raj) Choudhury & Tarun Khanna & Christos A. Makridis
- 218-222 Can Remote Work Narrow Gender Gaps in Greedy Jobs?
by Emma Harrington & Matthew E. Kahn
- 223-227 Younger Firms and CEOs Allow More Work from Home
by Cevat Giray Aksoy & Jose Maria Barrero & Nicholas Bloom & Katelyn Cranney & Steven J. Davis & Mathias Dolls & Pablo Zarate
- 228-235 Measuring the Ins and Outs of Remote Work: New Evidence from the Gallup Workplace Panel
by Christos A. Makridis
- 236-240 Gender-Specific Occupational Following and Gender Differences in Occupational Choice
by Samuel M. Solomon
- 241-245 The Declining Local Bias of Entrepreneurship in the United States
by Innessa Colaiacovo & Margaret Dalton & Sari Pekkala Kerr & William R. Kerr
- 246-250 AI-Accelerated Occupational Decline and the Mobility Trap
by Xi Song & Jennie E. Brand & Sukie Xiuqi Yang & Michael Lachanski
- 251-255 Declining Occupations and Career Outcomes in Norway
by Erling Barth & Maria Forthun Hoen & Sari Pekkala Kerr & William Kerr
- 256-261 The Effect of Noncompete Enforceability on Productivity: Evidence from a New State-Level Manufacturing Dataset
by Katherine Chang & Matthew Johnson & Kurt Lavetti & Michael Lipsitz & Devesh Raval
- 262-266 Noncompetes and Firm Heterogeneity
by Axel Gottfries & Gregor Jarosch
- 267-272 Noncompete Agreements and Bargaining Power
by Bhargav Gopal & Xiangru Li & Luke Rawling
- 273-277 The Impact of Noncompetes on Wages and Job Tenure: New Evidence from NLSY Data
by Tristan Potter & André Kurmann & Bart Hobijn
- 278-283 Measuring the Growth of Skills
by James Heckman & Haihan Tian & Zijian Zhang & Jin Zhou
- 284-288 How Universal Preschool Shapes Boys’ and Girls’ Outcomes in Poor and Better-Off Households: Evidence from Mexico
by Jere R. Behrman & Susan W. Parker & Petra E. Todd & Weilong Zhang
- 289-293 Refining the Definition of the Unbanked
by Elena Falcettoni & Vegard M. Nygaard
- 294-298 Who Remains Unbanked in the United States and Why?
by Paul Calem & Christopher Henderson & Jenna Wang
- 299-304 Beyond Banks: Trust among the Financially Underserved
by Paola Boel & Daniela Puzzello & Peter Zimmerman
- 305-308 Defining Households That Are Underserved in Digital Payment Services
by Claire Greene & Fumiko Hayashi & Alicia Lloro & Oz Shy & Joanna Stavins & Ying Lei Toh
- 309-313 SNAP Work Requirements, Administrative Burden, and Procedural Denials
by Jason Cook & Elizabeth Cox & Chloe N. East
- 314-319 Who Participates in TANF? Variation by Exposure to Work Requirements
by Katherine Richard & Lea Bart
- 320-325 How Do State Child Tax Credits Affect Employment and Poverty?
by Matthew Unrath & Nathan Tollett & Jacob Goldin & Tatiana Homonoff & Neel Lal & Katherine Michelmore
- 326-330 A Tale of Two States: Reconciling Medicaid Work Requirement Enrollment Impacts in Georgia and Arkansas
by Morgan Henderson & Laura Spicer & Alice Middleton
- 331-336 Birthright Citizenship and Youth Crime
by Leander Andres & Stefan Bauernschuster & Gordon B. Dahl & Helmut Rainer & Simone Schüller
- 337-343 The Birth of Mass Unauthorized Immigration in the United States
by Elizabeth U. Cascio & Ethan G. Lewis & Aryen Shrestha
- 344-350 Unlocking Occupational Opportunity: The Labor Market Effects of DACA
by Aimee Chin & Kalena E. Cortes & Camila Morales
- 351-355 OPT Reforms and the Relative Supply of STEM Skills
by Catalina Amuedo-Dorantes & Kevin Shih
- 356-361 Do Embedded Supports Promote Engaged Learning? Experimental Evidence on Resource Use among Community College Students
by Kelli A. Bird & Benjamin L. Castleman
- 362-366 School’s in for Summer? The Effect of Encouraging Summer Community College Enrollment
by Scott E. Carrell & Michal Kurlaender & Paco Martorell & Christina Sun
- 367-370 When Intensity Meets Modality: The Effects of Condensed Course Formats in Online and In-Person Instruction
by XunFei Li & Di Xu
- 371-375 Inducing Cross-Sector Enrollment for Community College Students through Burden Reduction
by Rachel Baker & Michael Hill & Gala Ledezma & Joshua Dorman & Loris Fagioli & Pablo Bezem & Michael Cooper & XunFei Li
- 376-381 Gatekeepers of Disparities: Variation in Prosecutors’ Effects on Racial Gaps in Incarceration
by Emma Harrington & Hannah Shaffer
- 382-387 Stop and Frisk around the Country
by David S. Abrams & Priyanka Goonetilleke
- 388-392 Reform Prosecutors and the Footprint of the Criminal Justice System
by Amanda Agan & Jennifer L. Doleac & Anna Harvey & Anna Kyriazis & Lauren Schechter
- 393-399 Race, Ethnicity, and Nonpayment of Unemployment Insurance: The Role of the Employer
by Marta Lachowska & Stephen A. Woodbury
- 400-405 Race, Firm Size, and the School-to-Work Transition
by Lisa B. Kahn & Yang Chang
- 406-411 Black-White Gaps in Employer-Sponsored Health Insurance
by Helen Levy
- 412-416 Understanding Students’ Expected Earnings Beliefs after College at an HBCU
by Gerald Daniels & Damon Jones & Lesley J. Turner & Brianna Youngblood
- 417-421 Does Lowering Entry Costs to Economics for Underrepresented Students Affect Outcomes? Preliminary Experimental Evidence
by Jesse Buchsbaum & Michael Greenstone & Olga Rostapshova
- 422-425 Belief Updating, Observability, and Race in the Labor Market
by Anna Gifty Opoku-Agyeman & Emma Rackstraw
- 426-432 Competitive Bank Liability Design
by Saki Bigio & Pierre-Olivier Weill & Diego Zúñiga
- 433-438 Payment Risk and Bank Liquidity Management
by Ye Li & Yi Li
- 439-445 What Drives Money Competition: Comparative Advantage in Payments versus Reserves
by Itay Goldstein & Ming Yang & Yao Zeng
- 446-451 Quality Adjustment in Industry Deflators Strengthens Estimated Innovation-Productivity Relationships
by Enghin Atalay & Ali Hortaçsu & Nicole Kimmel & Chad Syverson
- 452-456 The Mysterious Disappearance of Productivity Growth in US Manufacturing: Was It the China Shock?
by Robert J. Gordon & Kenneth Ryu
- 457-461 Markups and the Manufacturing Productivity Slowdown
by Benjamin Bridgman
- 462-468 The Productivity Paradox in US Manufacturing: A Firm- and Industry-Level Perspective
by Danial Lashkari & Jeremy Pearce
- 469-474 Leveraging Subjective Expectations for Production Functions
by Steve Bond & Agnes Norris Keiller & Áureo de Paula & John Van Reenen
- 475-482 Production Functions under Imperfect Competition: A Quality-Equivalent Cournot Model
by Daniel A. Ackerberg & Jan De Loecker
- 483-489 A Generalized Control Function Approach to Production Function Estimation
by Ulrich Doraszelski & Lixiong Li
- 490-497 Fintech and Customer Capital
by Bianca He & Lauren Mostrom & Amir Sufi
- 498-503 Producing Tangible and Intangible Capital
by Matthieu Gomez & Emilien Gouin-Bonenfant
- 504-509 R&D Uncertainty and Cycles
by Nicolas Crouzet & Janice Eberly
- 510-516 Climate Change and Long-Run Factor Shares
by Tianzi Liu & Ivan Rudik & Zebang Xu
- 517-521 Climate Policy and the Long-Run Interest Rate: Insights from a Simple Growth Model
by Gregory Casey & Stephie Fried & William B. Peterman
- 522-526 Some Macroeconomic Evidence on Substitution
by Gregory Casey & Yang Gao & Peter K. Kruse-Andersen
- 527-531 Natural Disaster Expectations and Household Adaptation
by Shifrah Aron-Dine
- 532-537 Quasilinearity and Its Discontents: Public-Good Regulation with Consumer Risk Aversion and Income Effects
by Edward E. Schlee
- 538-543 Institutional Design for Environmental Acts
by Louise Guillouet & David Martimort
- 544-550 The Informational Role of Emission Markets: Prices versus Quantities with Dispersed Information about Externalities
by Derek Lemoine
- 551-555 Quality-Adjusted Unit Value Index: Are Changes in Average Prices Inflation or Quality Change?
by John Haltiwanger & R. Benjamin Rodriguez & Ron Jarmin & Matthew D. Shapiro
- 556-561 When Do Chained Deflators for IT Goods Overstate Quality Change?
by Ana Aizcorbe & Daniel Ripperger-Suhler
- 562-567 Look Within: Demographic Grouping Masks Inflation Inequality
by Kelsey O’Flaherty
- 568-572 Lack of Uniform Prices or Lack of Uniform Retailers?
by Seula Kim & Michael A. Navarrete
- 573-577 Hormone Therapy Is Associated with Decreased Risk of Running Away among Transgender Adolescents
by Travis Campbell & Yana van der Meulen Rodgers
- 578-583 Men’s Classified Ads and Risky Health Behaviors
by Hasan Shahid
- 584-588 Prejudice in Sub-Saharan Africa: (Why) Is Homophobia Different?
by Jon Denton-Schneider & Teevrat Garg
- 589-593 Health and Sociocultural Disparities by Sex Characteristics in Chile
by Ercio Muñoz & Melanie Saavedra & Dario Sansone
- 594-598 Who Is Biased? Heterogeneity in Gender Bias in Evaluations
by Stephanie El Khoury
- 599-604 Recent Trends in Labor Supply Decisions among Married Couples in the United States
by Seonyoung Park & Nicole B. Simpson
- 605-610 Beyond Time and Money: Parental Occupation and Early Childhood Development
by Hyun Soo Suh
- 611-617 Digital Incentives in Surveys: Response Rates and Sociodemographic Effects in a Large-Scale Parental Nudge Intervention
by Kalena E. Cortes & Brian Holzman & Melissa Gentry & Miranda Lambert
- 618-623 The Harder They Fall: Diverging Black-White Wealth in Older Age Using the Health and Retirement Study
by Teegawende H. Zeida & William A. Darity Jr. & Samuel L. Myers Jr. & Illenin O. Kondo
- 624-629 Asian “Chilling Effect” during the Pandemic: What Can We Learn from Reported Health Status?
by Abdihafit Shaeye & Ruth Uwaifo Oyelere
- 630-634 Social Security and Retirement of Older Blacks and Hispanics
by Emma Aguila & Zeewan Lee
- 635-639 Organizing Production across Borders in a Time of Uncertainty
by Laura Alfaro & Anusha Chari & Haruka Takayama
- 640-645 The Power of Anecdotes
by Arjada Bardhi & Nina Bobkova
- 646-651 From Ports to Prices: The Inflationary Effects of Global Supply Chain Disruptions
by Yang Jiao & Ting Lan & Yang Liu & Xinrui Zhou
- 652-657 Improved Market Access and Indigenous Land Loss: Evidence from the Nineteenth-Century US Railroad Expansion
by Jeff Chan & Azim Essaji & Rob Gillezeau
- 658-663 Black-White Differences in Income Tax Liability
by William Gale & Oliver Hall & John Sabelhaus
- 664-669 The Impact of Immigration Policies on Reentry Rates among Deportees
by Eunsik Chang & Heriberto Gonzalez-Lozano & Sandra Orozco-Aleman
- 670-678 Resilient Finance, Stratified Costs: Unmasking Racial Disparities in Disaster-Induced Bank Closures
by Isaac Marcelin & Wei Sun & Gaye-Del Lo
- 679-685 Student Representation in Undergraduate Economics: The Impact of STEM Designation
by Anthony Underwood & Emily C. Marshall & Eren Bilen
- 686-691 The Use of Artificial Intelligence in Undergraduate Economics Courses
by Laura J. Ahlstrom & Carlos J. Asarta & Cynthia Harter
- 692-696 Is More Better? Evaluating Interventions to Increase Female Students’ Interest in Economics
by Ann L. Owen & Evelyn Skoy & Wei Zhan
- 697-702 Improving Introductory Microeconomics Outcomes through Concurrent Support Courses
by George Orlov & Douglas McKee
- 705-707 Minutes of the Annual Business Meeting, Philadelphia, PA, January 3, 2026
by Peter L. Rousseau
- 708-713 Report of the Secretary
by Peter L. Rousseau
- 714-719 Report of the Treasurer
by Peter L. Rousseau
- 720-723 American Economic Association 2025–2026 Universal Academic Questionnaire Summary Statistics
by John J. Siegfried & Elizabeth Braunstein & Ryan Kustaborder
- 724-724 Note from the AEA Secretary-Treasurer about the Proceedings Supplement
by Peter L. Rousseau
- 725-731 Minutes of the Meeting of the Executive Committee via Zoom, April 18, 2025
by Peter L. Rousseau
- 732-741 Minutes of the Meeting of the Executive Committee, Philadelphia, PA, January 2, 2026
by Peter L. Rousseau
- 742-760 Report of the Editor, American Economic Review
by Erzo F.P. Luttmer
- 761-769 Report of the Editor, American Economic Review: Insights
by Matthew Gentzkow
- 770-776 Report of the Editor, Journal of Economic Literature
by David Romer
- 777-779 Report of the Editor, Journal of Economic Perspectives
by Heidi Williams
- 780-789 Report of the Editor, American Economic Journal: Applied Economics
by Benjamin Olken
- 790-800 Report of the Editor, American Economic Journal: Economic Policy
by C. Kirabo Jackson
- 801-809 Report of the Editor, American Economic Journal: Macroeconomics
by Ayşegül Şahin
- 810-817 Report of the Editor, American Economic Journal: Microeconomics
by Navin Kartik
- 822-824 Report of the Director, Job Openings for Economists
by John J. Siegfried
- 825-830 Report of the Committee on Economic Education
by Tisha L. N. Emerson
- 831-834 Report of the Committee on Economic Statistics
by Karen Dynan
- 835-837 Report of the Committee on Government Relations
by Kenneth Troske
- 838-841 Report of the Committee on the Job Market
by John Cawley
- 842-843 Report of the Committee on the Status of LGBTQ+ Individuals in the Economics Profession
by Lee Badgett & Kitt Carpenter
- 844-865 Report of the Committee on the Status of Minority Groups in the Economics Profession
by Vicki Bogan & Jose M. Fernandez
- 866-889 Report of the Committee on the Status of Women in the Economics Profession
by Linda Tesar
- 890-904 Report of the AEA Data Editor
by Lars Vilhuber
- 906-909 Report of the Oversight Committee for Registry of Randomized Controlled Trials
by Lars Vilhuber
- 916-916 Report of the Search Committee for the Editor for the American Economic Journal: Applied Economics
by Heather Royer
May 2025, Volume 115