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New Advances on an Old Question: Does Money Matter for Children's Outcomes?
IF 11.5 1区 经济学
Journal of Economic Literature Pub Date : 2024-09-01 DOI: 10.1257/jel.20231553
Marianne E Page
{"title":"New Advances on an Old Question: Does Money Matter for Children's Outcomes?","authors":"Marianne E Page","doi":"10.1257/jel.20231553","DOIUrl":"10.1257/jel.20231553","url":null,"abstract":"<p><p>Family income is a positive predictor of children's health, human capital, and later-life earnings, but determining the extent to which these associations reflect causal effects is challenging. A recent wave of natural and randomized experiments, together with increased accessibility of large-scale administrative data, are allowing us to gain new perspectives about the importance of families' monetary resources in the U.S. and other high-income countries. This review pulls the emerging literature together to provide deeper insights into what we know, and what we don't know, about the extent to which policies that provide more generous income transfers could make a difference to children's life chances. My reading of the evidence suggests that policies providing financial resources to economically vulnerable families have the potential to improve children's outcomes. The magnitude of predicted impacts varies considerably across studies, however, and may be related to specific features of the income-generating event that researchers' leverage.</p>","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":"62 3","pages":"891-947"},"PeriodicalIF":11.5,"publicationDate":"2024-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"https://www.ncbi.nlm.nih.gov/pmc/articles/PMC11643444/pdf/","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"142829967","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"OA","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
A Fed for Our Times: A Review Essay on 21st Century Monetary Policy by Ben Bernanke 我们时代的美联储本-伯南克撰写的《21 世纪货币政策评论文章
IF 12.6 1区 经济学
Journal of Economic Literature Pub Date : 2023-12-01 DOI: 10.1257/jel.20231722
L. Reichlin
{"title":"A Fed for Our Times: A Review Essay on 21st Century Monetary Policy by Ben Bernanke","authors":"L. Reichlin","doi":"10.1257/jel.20231722","DOIUrl":"https://doi.org/10.1257/jel.20231722","url":null,"abstract":"This essay reviews 21st Century Monetary Policy: The Federal Reserve from the Great Inflation to COVID-19 by Ben Bernanke, a fascinating account of the evolution of the Fed since the 1950s, and a stalwart defense of the status quo: of the Fed’s remit, its independence, and the tools and practices it now uses to pursue its mandate. The essay supports many of Bernanke’s key points and brings the experience of the European Central Bank to illuminate them by contrast. However, it argues that the book understates the significance of the changes in institutional architecture that have emerged since the crisis. Questions that we thought had been settled are going to have to be addressed anew, albeit in slightly different guises. This will have implications for all aspects of economic governance. (JEL E31, E32, E52, E58, E62, N12, N22)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":"21 11","pages":""},"PeriodicalIF":12.6,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139016223","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Myth That Made Us: How False Beliefs about Racism and Meritocracy Broke Our Economy (and How to Fix It) 造就我们的神话：关于种族主义和任人唯贤的错误信念如何毁掉了我们的经济（以及如何修复它）》（The Myth That Made Us: How False Beliefs about Racism and Meritocracy Broke Our Economy (and How to Fix It)
IF 12.6 1区 经济学
Journal of Economic Literature Pub Date : 2023-12-01 DOI: 10.1257/jel.61.4.1579.r3
Kelly N. Vosters
{"title":"The Myth That Made Us: How False Beliefs about Racism and Meritocracy Broke Our Economy (and How to Fix It)","authors":"Kelly N. Vosters","doi":"10.1257/jel.61.4.1579.r3","DOIUrl":"https://doi.org/10.1257/jel.61.4.1579.r3","url":null,"abstract":"Kelly Vosters of University of North Carolina at Charlotte reviews “The Myth That Made Us: How False Beliefs about Racism and Meritocracy Broke Our Economy (and How to Fix It)” by Jeff Fuhrer. The Econlit abstract of this book begins: “Examines the ways that false narratives concerning race, poverty, and the sources of success in the United States negatively affect the economy, detailing how those with wealth and power have used such narratives to maintain the status quo in a system that slants outcomes toward the already successful.”","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":"36 6","pages":""},"PeriodicalIF":12.6,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139016267","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Generative AI for Economic Research: Use Cases and Implications for Economists 用于经济研究的生成式人工智能：使用案例和对经济学家的影响
IF 12.6 1区 经济学
Journal of Economic Literature Pub Date : 2023-12-01 DOI: 10.1257/jel.20231736
Anton Korinek
{"title":"Generative AI for Economic Research: Use Cases and Implications for Economists","authors":"Anton Korinek","doi":"10.1257/jel.20231736","DOIUrl":"https://doi.org/10.1257/jel.20231736","url":null,"abstract":"Generative artificial intelligence (AI) has the potential to revolutionize research. I analyze how large language models (LLMs) such as ChatGPT can assist economists by describing dozens of use cases in six areas: ideation and feedback, writing, background research, data analysis, coding, and mathematical derivations. I provide general instructions and demonstrate specific examples of how to take advantage of each of these, classifying the LLM capabilities from experimental to highly useful. I argue that economists can reap significant productivity gains by taking advantage of generative AI to automate micro-tasks. Moreover, these gains will grow as the performance of AI systems continues to improve. I also speculate on the longer-term implications of AI-powered cognitive automation for economic research. The online resources associated with this paper explain how to get started and will provide regular updates on the latest capabilities of generative AI in economics. (JEL A11, C45, D83, I23, O33)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":"32 2","pages":""},"PeriodicalIF":12.6,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139025819","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 2
Cash Is Alive: How Economists Explain Holding and Use of Cash 现金还活着：经济学家如何解释现金的持有和使用
IF 12.6 1区 经济学
Journal of Economic Literature Pub Date : 2023-12-01 DOI: 10.1257/jel.20221632
Oz Shy
{"title":"Cash Is Alive: How Economists Explain Holding and Use of Cash","authors":"Oz Shy","doi":"10.1257/jel.20221632","DOIUrl":"https://doi.org/10.1257/jel.20221632","url":null,"abstract":"Research on holding and use of cash involves many aspects, such as reasons for holding and hoarding cash, transactional demand for cash, cash management, type of spending paid with cash, type of consumer who pays cash, merchant acceptance, how consumers get cash, currency denominations, legal aspects, cash substitutes, and cost of cash. The purpose of this article is to introduce the reader to some of the research economists do on consumer holding and use of cash. (JEL D11, D12, E26, E31, E41, E42)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":"285 4","pages":""},"PeriodicalIF":12.6,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139020003","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
The Economics of Religion 宗教经济学
IF 12.6 1区 经济学
Journal of Economic Literature Pub Date : 2023-12-01 DOI: 10.1257/jel.61.4.1579.r7
Rachel M. Mccleary
{"title":"The Economics of Religion","authors":"Rachel M. Mccleary","doi":"10.1257/jel.61.4.1579.r7","DOIUrl":"https://doi.org/10.1257/jel.61.4.1579.r7","url":null,"abstract":"Rachel M. McCleary of Harvard University reviews “The Economics of Religion” edited by Robert M. Sauer. The Econlit abstract of this book begins: “Twelve papers examine the interconnection between religiosity and economic principles, highlighting future directions for research in the emerging field of the economics of religion.”","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":"49 3","pages":""},"PeriodicalIF":12.6,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139013208","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
What Drives Intergenerational Mobility? The Role of Family, Neighborhood, Education, and Social Class: A Review of Bukodi and Goldthorpe’s Social Mobility and Education in Britain 是什么推动了代际流动？家庭、邻里、教育和社会阶层的作用：对布科迪和戈德索普《英国的社会流动性与教育》的评论
IF 12.6 1区 经济学
Journal of Economic Literature Pub Date : 2023-12-01 DOI: 10.1257/jel.20211622
K. Salvanes
{"title":"What Drives Intergenerational Mobility? The Role of Family, Neighborhood, Education, and Social Class: A Review of Bukodi and Goldthorpe’s Social Mobility and Education in Britain","authors":"K. Salvanes","doi":"10.1257/jel.20211622","DOIUrl":"https://doi.org/10.1257/jel.20211622","url":null,"abstract":"The main finding of Bukodi and Goldthorpe (2019), using social status based on occupation groupings, is that there have not been improvements nor any decline in relative intergenerational mobility in Britain since World War II in terms of social class. Notably, there has not been improvement in the mobility of children from working-class backgrounds relative to other background classes. Importantly, the authors argue strongly that education is not the key determinant of adult success in the labor market. Moreover, improving the educational attainment of children from poor socioeconomic backgrounds does not help improve their labor market performance. This suggests that policies to improve the mobility of children from poor social backgrounds should not include attempts to foster human capital or education policies in general. (JEL D63, I26, I38, J24, J62, N34)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":"74 ","pages":""},"PeriodicalIF":12.6,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139025843","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Global Infrastructure Gap: Potential, Perils, and a Framework for Distinction 全球基础设施差距：潜力、危险和区分框架
IF 12.6 1区 经济学
Journal of Economic Literature Pub Date : 2023-12-01 DOI: 10.1257/jel.20221530
Camille Gardner, Peter Blair Henry
{"title":"The Global Infrastructure Gap: Potential, Perils, and a Framework for Distinction","authors":"Camille Gardner, Peter Blair Henry","doi":"10.1257/jel.20221530","DOIUrl":"https://doi.org/10.1257/jel.20221530","url":null,"abstract":"In 2015, the World Bank claimed that rich-country private capital could: (i) close the infrastructure services gap in poor countries, (ii) achieve the sustainable development goals, and (iii) make money by moving from “billions to trillions” of investment in poor-country infrastructure. Our framework distinguishes those poor countries in which the Bank’s claim is tenable from those where it is not. For a given poor country, the framework reveals that investing a dollar in infrastructure is efficient if the social rate of return on infrastructure clears two hurdles: (a) the social rate of return on private capital in the poor country, and (b) the social rate of return on private capital in rich countries. Applying the framework to the only comprehensive, cross-country dataset of social rates of return on infrastructure indicates that in 1985 just 7 of 53 poor countries cleared the dual hurdles in both paved roads and electricity. (JEL H43, H54, L94, O13, O18, Q01)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":"111 ","pages":""},"PeriodicalIF":12.6,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138987175","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
The Ends of Freedom: Reclaiming America's Lost Promise of Economic Rights 自由的终点：重拾美国失落的经济权利承诺
IF 12.6 1区 经济学
Journal of Economic Literature Pub Date : 2023-12-01 DOI: 10.1257/jel.61.4.1579.r6
Neil Fligstein
{"title":"The Ends of Freedom: Reclaiming America's Lost Promise of Economic Rights","authors":"Neil Fligstein","doi":"10.1257/jel.61.4.1579.r6","DOIUrl":"https://doi.org/10.1257/jel.61.4.1579.r6","url":null,"abstract":"Neil Fligstein of Department of Sociology, University of California reviews “The Ends of Freedom: Reclaiming America’s Lost Promise of Economic Rights” by Mark Paul. The Econlit abstract of this book begins: “Explores the role of the state in structuring and limiting the reach of markets, promoting the view that the United States can eradicate poverty and build an economy that works for everyone by adopting social and economic rights.”","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":"47 16","pages":""},"PeriodicalIF":12.6,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139016070","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Doctoral Dissertations in Economics One-Hundred-Twelfth Annual List 经济学博士论文第一百十二届年度名单
IF 12.6 1区 经济学
Journal of Economic Literature Pub Date : 2023-12-01 DOI: 10.1257/jel.61.4.1674
{"title":"Doctoral Dissertations in Economics One-Hundred-Twelfth Annual List","authors":"","doi":"10.1257/jel.61.4.1674","DOIUrl":"https://doi.org/10.1257/jel.61.4.1674","url":null,"abstract":"The list below specifies doctoral degrees conferred by U.S. and Canadian universities during academic year July 2022 to June 2023. Lists of degree recipients and subject classifications are provided by the university. Note: Dissertations without classifications may be found under “Y Miscellaneous Categories.”","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":"55 2","pages":""},"PeriodicalIF":12.6,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139023174","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":1,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
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