Journal of Economic Literature Impact Factor & Information

Publisher: American Economic Association, American Economic Association

Journal description

Presents economics-related survey and review articles, book reviews, and bibliographic indexes to current literature.

Current impact factor: 9.24

Impact Factor Rankings

2015 Impact Factor Available summer 2015
2009 Impact Factor 6.919

Additional details

5-year impact 9.43
Cited half-life 0.00
Immediacy index 0.85
Eigenfactor 0.02
Article influence 9.82
Website Journal of Economic Literature website
Other titles Journal of economic literature
ISSN 0022-0515
OCLC 1788942
Material type Periodical, Internet resource
Document type Journal / Magazine / Newspaper, Internet Resource

Publisher details

American Economic Association

  • Pre-print
    • Author can archive a pre-print version
  • Post-print
    • Author can archive a post-print version
  • Conditions
    • On non-commercial author's website or open access repositories
    • Publisher copyright and source must be acknowledged
    • Eligible UK authors may deposit in OpenDepot
  • Classification
    ​ green

Publications in this journal

  • Journal of Economic Literature 09/2015; -(-):-.
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    ABSTRACT: Finn Tarp of UNU-WIDER and University of Copenhagen reviews “The Economics of Food Price Volatility”, by Jean-Paul Chavas, David Hummels, and Brian D. Wright. The Econlit abstract of this book begins: “Nine papers, plus nine comments, present and assess recent research on central issues related to recent food price volatility. Papers discuss influences of agricultural technology on the size and importance of food price variability; corn production shocks in 2012 and beyond—implications for harvest volatility; biofuels, binding constraints, and agricultural commodity price volatility; the evolving relationships between agricultural and energy commodity prices—a shifting-mean vector autoregressive analysis; the question of bubble troubles—rational storage, mean reversion, and runs in commodity prices; bubbles, food prices, and speculation—evidence from the Commodity Futures Trading Commission's daily large trader data files; food price volatility and domestic stabilization policies in developing countries; food price spikes, price insulation, and poverty; and trade insulation as social protection.” Chavas is Anderson-Bascom Professor of Agricultural and Applied Economics at the University of Wisconsin-Madison. Hummels is Professor of Economics in the Krannert School of Management at Purdue University. Wright is Professor of Agricultural and Resource Economics at the University of California at Berkeley.
    Journal of Economic Literature 06/2015; 53(2). DOI:10.1257/jel.53.2.360.r11
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    ABSTRACT: Assaf Razin of Tel Aviv University reviews “Managing the Euro Area Debt Crisis”, by William R. Cline. The Econlit abstract of this book begins: “Addresses the recent debt crisis in Europe and the European Central Bank's commitment to preserve the euro area with purchases of government bonds, and explores the history of the Euro Area debt crisis and makes projections of future debt sustainability. Discusses policy implications, leading policy issues, and model projections; fiscal adjustment, growth, and default risk; the bank-sovereign debt nexus; external adjustment and breakup costs; eurobonds, firewalls, outright monetary transactions, and debt restructuring; European debt simulation model projections—Ireland, Italy, Portugal, and Spain; and debt restructuring and economic prospects in Greece.” Cline is Senior Fellow with the Peterson Institute for International Economics.
    Journal of Economic Literature 06/2015; 53(2). DOI:10.1257/jel.53.2.360.r6
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    ABSTRACT: In his valuable contribution, After Civil Rights, John Skrentny shows that in many sectors of the labor market, race is used in ways that were unanticipated when the 1964 Civil Rights Act was enacted. With separate chapters on the professions and business, the public sector, media and entertainment, and the low-skill market, he demonstrates that the new racial realism is widespread, generally has some justification from social scientific research, and is usually inconsistent with judicial decisions. I review the racially realistic practices (racial matching, increasing diversity, racial signaling, and racial characteristics) and discuss their implications for labor economics and for policy.
    Journal of Economic Literature 06/2015; 53(2). DOI:10.1257/jel.53.2.351
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    ABSTRACT: This survey summarizes the main research findings about teaching economics to undergraduates. After briefly reviewing the history of research on undergraduate economic education, it discusses the status of the economics major—numbers and trends, goals, coursework, outcomes, and the principles courses. Some economic theory is used to explain the likely effects of pedagogical decisions of faculty and the learning choices that students make. Major results from empirical research are reviewed from the professor perspective on such topics as teaching methods, online technology, class size, and textbooks. Studies of student learning are discussed in relation to study time, grades, attendance, math aptitude, and cheating. The last section discusses changes in the composition of faculty who teach undergraduate economics and effects from changes in instructional technology and then presents findings from the research about measuring teaching effectiveness and the value of teacher training.
    Journal of Economic Literature 06/2015; 53(2). DOI:10.1257/jel.53.2.285
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    ABSTRACT: Paul Samuelson's Foundations of Economic Analysis played a major role in defining how economic theory was undertaken for many years after the Second World War. This paper fills out Samuelson's account of the book's origins and corrects some details, making clear his debt to E. B. Wilson and establishes that turning the thesis into a book was a long process. The contents of the book and its reception are then reviewed.
    Journal of Economic Literature 06/2015; 53(2). DOI:10.1257/jel.53.2.326
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    ABSTRACT: The problem of global climate change presents overwhelming factual, analytical, and normative challenges. Nordhaus surveys this terrain bravely and mostly successfully. He explains the scientific/economic consensus that the planet is warming, that people are responsible, that the consequences are bad, and that immediate action is benefit/cost justified. He also discusses the efficient policy response, and the challenges of achieving coordinated global action. His approach is mostly that of standard neoclassical economics, and some of the limitations of that paradigm in this context are not addressed. But overall, The Climate Casino provides an excellent self-contained introduction to the subject.
    Journal of Economic Literature 03/2015; 53(1):79-91. DOI:10.1257/jel.53.1.79
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    ABSTRACT: This book explores the relationship between the material standard of living and health, both across countries and over time. Above all, Deaton is interested in the question of whether income growth contributes significantly to better health. His answer is no: saving lives in poor countries is not expensive, and there are many episodes of massive health improvements in the absence of income growth. As an alternative, he argues that the cross-sectional correlation between health and income is induced by variation in institutional quality, while over time, parallel improvements in income and health have been a result of advancing knowledge.
    Journal of Economic Literature 03/2015; 53(1):102-114. DOI:10.1257/jel.53.1.102
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    ABSTRACT: Environmental quality in many developing countries is poor and generates substantial health and productivity costs. However, the few existing measures of marginal willingness to pay (MWTP) for environmental quality improvements indicate low valuations by affected households. This paper argues that this seeming paradox is the central puzzle at the intersection of environmental and development economics: Given poor environmental quality and high health burdens in developing countries, why is MWTP seemingly so low? We develop a conceptual framework for understanding this puzzle and propose four potential explanations for why environmental quality is so poor: (1) due to low income levels, individuals value increases in income more than marginal improvements in environmental quality; (2) the marginal costs of environmental quality improvements are high; (3) political economy factors undermine efficient policymaking; and (4) market failures such as weak property rights and missing capital markets distort MWTP for environmental quality. We review the literature on each explanation and discuss how the framework applies to climate change, which is perhaps the most important issue at the intersection of environment and development economics. The paper concludes with a list of promising and unanswered research questions for the emerging sub-field of “envirodevonomics.”
    Journal of Economic Literature 03/2015; 53(1):5-42. DOI:10.1257/jel.53.1.5
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    ABSTRACT: This paper is a critical review of and a reader's guide to a collection of papers by Robert E. Lucas, Jr. about fruitful ways of using general equilibrium theories to understand measured economic aggregates. These beautifully written and wisely argued papers integrated macroeconomics, microeconomics, finance, and econometrics in ways that restructured big parts of macroeconomic research.
    Journal of Economic Literature 03/2015; 53(1):43-64. DOI:10.1257/jel.53.1.43
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    ABSTRACT: The standard economic approach to designing institutions for collective decision making recognizes individuals' strategically rational motivations for misrepresentation and asks how best, given an objective function, to design a set of incentives and constraints to internalize or negate such motivations. Securities Against Misrule offers, in the author's phrase, an “essay in persuasion” to the effect that such an approach is fundamentally misguided. Instead, Elster argues for a behavioral approach centered on designing institutions for good decision making, rather than good outcomes, by individuals whose actions are chronically subject to emotional, self-interested, and prejudicial distortions.
    Journal of Economic Literature 03/2015; 53(1):65-78. DOI:10.1257/jel.53.1.65
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    ABSTRACT: Robert Flood of Notre Dame Emeritus reviews “Super Golfonomics”, by Stephen Shmanske. The Econlit abstract of this book begins: “Explores topics in economics and related fields using the economic and statistical analysis of the sport of golf. Discusses the economics of slow play; golf course waiting—the good, the bad, and the ugly; consistency or heroics; skills, performance, and earnings in the tournament compensation model—evidence from PGA Tour microdata; gender discrimination revisited; gender and driving distance; examining which tournaments exempt golfers choose to enter; the use of regression analysis to examine how golfers decide which tournaments to enter; sports gambling, golf, and efficient markets; the search for economic impact—the case of the golf Majors; and lines of research that others have undertaken.” Shmanske is at California State University.
    Journal of Economic Literature 01/2015; 53(2). DOI:10.1257/jel.53.2.360.r10
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    ABSTRACT: James K. Galbraith of University of Texas at Austin reviews “Keynes: Useful Economics for the World Economy”, by Peter Temin and David Vines. The Econlit abstract of this book begins: “Provides an introduction to Keynesian ideas that connect John Maynard Keynes's insights to today's global economy and offers a way to understand current policy debates. Discusses economics before Keynes—David Hume; Keynes at Versailles; Keynes and the Macmillan Committee; economics before Keynes—Alfred Marshall; The General Theory; IS-LM curves; the liquidity trap; Bretton Woods and the Swan diagram; the Keynesan age—crises and reactions; and an international paradox of thrift.” Temin is Elisha Gray II Professor Emeritus of Economics at the Massachusetts Institute of Technology. Vines is Professor of Economics and Fellow of Balliol College at the University of Oxford.
    Journal of Economic Literature 01/2015; 53(2). DOI:10.1257/jel.53.2.360.r1
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    ABSTRACT: Tara Watson of Williams College reviews “Legacies of the War on Poverty”, by Martha J. Bailey and Sheldon Danziger. The Econlit abstract of this book begins: “Ten papers analyze the economic legacies of the War on Poverty fifty years after its declaration, focusing on the policies and programs that were designed to promote more equal opportunities and increase income. Papers discuss legacies of the war on poverty (Martha J. Bailey and Sheldon Danziger); Head Start origins and impacts (Chloe Gibbs, Jens Ludwig, and Douglas L. Miller); the K-12 education battle (Elizabeth Cascio); supporting access to higher education (Bridget Terry Long); workforce development programs (Harry J. Holzer); the safety net for families with children (Jane Waldfogel); the safety net for the elderly (Kathleen McGarry); performance and legacy of housing policies (Edgar O. Olsen and Jens Ludwig); health programs for non-elderly adults and children (Barbara Wolfe); and Medicare and Medicaid (Katherine Swartz). Bailey is Associate Professor in the Department of Economics at the University of Michigan, Faculty Affiliate of the National Poverty Center, and Research Associate of the Population Studies Center. Danziger is H. J. Meyer Distinguished University Professor of Public Policy and Director of the National Poverty Center in the Gerald R. Ford School of Public Policy at the University of Michigan.”
    Journal of Economic Literature 01/2015; 53(1). DOI:10.1257/jel.53.1.115.r7
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    ABSTRACT: Theodore Burczak of Denison University reviews “Documents Related to John Maynard Keynes, Institutionalism at Chicago and Frank H. Knight”, by Ross B. Emmett. The Econlit abstract of this book begins: “Eight papers explore topics related to John Maynard Keynes, institutionalism at the University of Chicago, and Frank H. Knight. Papers discuss the original 1933 “National Self-Sufficiency” lecture by Keynes—its political economic context and purpose (Mark C. Nolan); “National Self-Sufficiency” (Keynes); studying institutional economics at Chicago in the 1930s—the case of Arthur Bloomfield (Pier Francesco Asso and Luca Fiorito); Thorstein Veblen and his analysis of business enterprise (Bloomfield); Knight on institutionalism and economics (Ross B. Emmett); institutional history and the classical economics (Knight); the friendship of Knight and Frederick D. Kershner (Emmett); and the correspondence between Knight and Kershner, 1915-51 (Emmett). Emmett is at James Madison College at Michigan State University.”
    Journal of Economic Literature 01/2015; 53(1). DOI:10.1257/jel.53.1.115.r2
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    ABSTRACT: Wolfgang Buchholz of University of Regensburg reviews “On Collective Goods, Voluntary Contributions, and Fundraising”, by Alexander von Kotzebue. The Econlit abstract of this book begins: “Explores the interdependency of private contributions to collective concerns, intermediate fundraising institutions, and governmental intervention. Discusses collective goods, voluntary contributions, and intermediation—a literature survey; a theoretical approach to strategic donor-fundraiser interaction; and an empirical investigation of donor-fundraiser interaction.”
    Journal of Economic Literature 01/2015; 53(2). DOI:10.1257/jel.53.2.360.r3
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    ABSTRACT: Graziella Bertocchi of University of Modena and Reggio Emilia reviews “Vanity Economics: An Economic Exploration of Sex, Marriage and Family”, by C. Simon Fan. The Econlit abstract of this book begins: “Presents an economic exploration of issues surrounding sex, marriage, and family and analyzes the role of “vanity,” defined as social status and self-esteem, in social and economic behaviors. Discusses vanity economics—a survey and an extension; vanity and the consumption of material goods and services; marriage markets; the vanity economics of sex and marriage; vanity economics and population theory; vanity, husband-wife relationships, and intergenerational relationships; and vanity and interfamily relationships.” Fan is Professor of Economics at Lingnan University.
    Journal of Economic Literature 01/2015; 53(2). DOI:10.1257/jel.53.2.360.r13
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    ABSTRACT: Jeffrey V. Butler of EIEF and University of Nevada, Las Vegas reviews “Experimenting with Social Norms: Fairness and Punishment in Cross-Cultural Perspective”, by Jean Ensminger and Joseph Henrich. The Econlit abstract of this book begins: “Seventeen papers, plus thirteen case studies available for download only, explore the historical emergence of prosocial norms and their relationship to economic growth. Papers in the text discuss theoretical foundations—the coevolution of social norms, intrinsic motivation, markets, and the institutions of complex societies; cross-cultural methods, sites, and variables; major empirical results—markets, religion, community size, and the evolution of fairness and punishment; and double-blind dictator games in Africa and the United States—differential experimenter effects. Case studies available for download discuss Hadza behavior in three experimental economic games; the effects of sanctions and third-party enforcers on generosity in Papua New Guinea; an experimental investigation of dictators, ultimatums, and punishment; behavioral experiments in the Yasawa Islands, Fiji; economic game behavior among the Shuar; economic experimental game results from the Sursurunga of New Ireland, Papua New Guinea; Maragoli and Gusii farmers in Kenya—strong collective action and high prosocial punishment; sharing, subsistence, and social norms in Northern Siberia; the influence of property rights and institutions for third-party sanctioning on behavior in three experimental economic games; cooperation and punishment in an economically diverse community in highland Tanzania; social preferences among the people of Sanquianga in Colombia; the effects of birthplace and current context on other-regarding preferences in Accra; and prosociality in rural America—evidence from dictator, ultimatum, public goods, and trust games.” Ensminger is Edie and Lew Wasserman Professor of Social Sciences at the California Institute of Technology. Henrich is Professor and Canada Research Chair in Culture, Cognition, and Coevolution in the Economics and Psychology Departments at the University of British Columbia.
    Journal of Economic Literature 01/2015; 53(2). DOI:10.1257/jel.53.2.360.r12