Quarterly Journal of Economics articles from May 2001

Quarterly Journal of Economics archives from May 2001

THE IMPACT OF LEGALIZED ABORTION ON CRIME [*].
May 1, 2001... We offer evidence that legalized abortion has contributed significantly to recent crime reductions. Crime began to fall roughly eighteen years after abortion legalization. The five states that allowed abortion in 1970 experienced declines...

WELFARE AND MACROECONOMIC INTERDEPENDENCE [*].
May 1, 2001... We develop a baseline model of monetary and fiscal transmission in interdependent economies. The welfare effects of expansionary policies are related to monopolistic supply in production and monopoly power of a country in trade. An...

SOCIAL MOBILITY AND THE DEMAND FOR REDISTRIBUTION: THE POUM HYPOTHESIS [*].("prospect of upward mobility")
May 1, 2001... This paper examines the often stated idea that the poor do not support high levels of redistribution because of the hope that they, or their offspring, may make it up the income ladder. This "prospect of upward mobility" (POUM) hypothesis is...

A MODEL OF FINANCIAL CRISES IN EMERGING MARKETS [*].
May 1, 2001... We develop a model in which financial crises in emerging markets may occur when domestic banks are internationally illiquid. Runs on domestic deposits may interact with foreign creditor panics, depending on the maturity of the foreign debt and...

DOMESTIC POLICIES, NATIONAL SOVEREIGNTY, AND INTERNATIONAL ECONOMIC INSTITUTIONS [*].
May 1, 2001... To what extent must nations cede control over their economic and social policies if global efficiency is to he achieved in an interdependent world? This question is at the center of the debate over the future role of the WTO (formerly GAIT) in...

PRODUCTIVITY DIFFERENCES [*].
May 1, 2001... ZILIBOTTI, FABRIZIO Many technologies used by the LDCs are developed in the OECD economies and are designed to make optimal use of the skills of these richer countries' workforces. Differences in the supply of skills create a mismatch...

MOVING TO OPPORTUNITY IN BOSTON: EARLY RESULTS OF A RANDOMIZED MOBILITY EXPERIMENT [*].(Section 8 housing)
May 1, 2001... We examine short-run impacts of changes in residential neighborhoods on the well-being of families residing in high-poverty public housing projects who received Section 8 housing vouchers through a random lottery. Households offered vouchers...

URBAN POVERTY AND JUVENILE CRIME: EVIDENCE FROM A RANDOMIZED HOUSING-MOBILITY EXPERIMENT [*].
May 1, 2001... This paper uses data from a randomized housing-mobility experiment to study the effects of relocating families from high- to low-poverty neighborhoods on juvenile crime. Outcome measures come from juvenile arrest records taken from government...

PEER EFFECTS WITH RANDOM ASSIGNMENT: RESULTS FOR DARTMOUTH ROOMMATES [*].
May 1, 2001... This paper uses a unique data set to measure peer effects among college roommates. Freshman year roommates and dormmates are randomly assigned at Dartmouth College. I find that peers have an impact on grade point average and on decisions to...

CAN FALLING SUPPLY EXPLAIN THE RISING RETURN TO COLLEGE FOR YOUNGER MEN? A COHORT-BASED ANALYSIS [*].
May 1, 2001... Although the college-high school wage gap for younger U. S. men has doubled over the past 30 years, the gap for older men has remained nearly constant. In the United Kingdom and Canada the college-high school wage gap also increased for younger...

A MODEL OF EXPERTISE [*].(economic research)
May 1, 2001... We study a model in which perfectly informed experts offer advice to a decision maker whose actions affect the welfare of all. Experts are biased and thus may wish to pull the decision maker in different directions and to different degrees....