Half of individuals released from prison in the United States will be re-incarcerated within three years, creating an incarceration cycle that is detrimental to individuals, families, and communities. There is tremendous public interest in ending this cycle, and public policies can help or hinder the reintegration of those released from jail and prison. This review summarizes the existing empirical evidence on how to intervene with existing offenders to reduce criminal behavior and improve social welfare. (JEL D91, I18, I28, I38, K42, R23)
{"title":"Encouraging Desistance from Crime","authors":"Jennifer L. Doleac","doi":"10.1257/jel.20211536","DOIUrl":"https://doi.org/10.1257/jel.20211536","url":null,"abstract":"Half of individuals released from prison in the United States will be re-incarcerated within three years, creating an incarceration cycle that is detrimental to individuals, families, and communities. There is tremendous public interest in ending this cycle, and public policies can help or hinder the reintegration of those released from jail and prison. This review summarizes the existing empirical evidence on how to intervene with existing offenders to reduce criminal behavior and improve social welfare. (JEL D91, I18, I28, I38, K42, R23)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"136371016","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}
Alzheimer’s disease (AD) affects one in ten people aged 65 or older and is the most expensive disease in the United States. We describe the central economic questions raised by AD. Although there is overlap with the economics of aging and health, the defining feature of the “economics of Alzheimer’s disease” is an emphasis on choice by cognitively impaired patients that affects health and financial well-being, and situations in which dynamic contracts between patients and caregivers are useful but difficult to enforce. A focus on innovation in AD prevention, treatment, and care is also critical given the enormous social cost of AD and present lack of understanding of its causes, which raises questions of optimal resource allocation and alignment of private and social incentives. The enormous scope for economists to contribute to our understanding of AD-related issues including drug development, efficient care delivery, dynamic contracting, long-term care risk, financial decision-making, and the design of public programs for AD suggests a rich research program for many areas of economics. (JEL G22, G50, I10, I38, J14, L65, O31)
{"title":"What Can Economics Say about Alzheimer’s Disease?","authors":"A. Chandra, Courtney C. Coile, Corina D Mommaerts","doi":"10.1257/jel.20211660","DOIUrl":"https://doi.org/10.1257/jel.20211660","url":null,"abstract":"Alzheimer’s disease (AD) affects one in ten people aged 65 or older and is the most expensive disease in the United States. We describe the central economic questions raised by AD. Although there is overlap with the economics of aging and health, the defining feature of the “economics of Alzheimer’s disease” is an emphasis on choice by cognitively impaired patients that affects health and financial well-being, and situations in which dynamic contracts between patients and caregivers are useful but difficult to enforce. A focus on innovation in AD prevention, treatment, and care is also critical given the enormous social cost of AD and present lack of understanding of its causes, which raises questions of optimal resource allocation and alignment of private and social incentives. The enormous scope for economists to contribute to our understanding of AD-related issues including drug development, efficient care delivery, dynamic contracting, long-term care risk, financial decision-making, and the design of public programs for AD suggests a rich research program for many areas of economics. (JEL G22, G50, I10, I38, J14, L65, O31)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":12.6,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43622482","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}
Books by Scott Wolford and Roger Ransom show how economic theories of games and decisions can be fruitfully applied to problems in World War I. This vital application offers fundamental insights into the analytical methods of game theory. Public random variables may be essential factors in war-of-attrition games. An assumption that nations can coordinate on Pareto-superior equilibria may become less tenable when nations are at war. Interpreting a surprising mistake as evidence of an unlikely type can have serious consequences. The ability of leaders to foster consistent beliefs within a cohesive society can create inconsistency of beliefs between nations at war. (JEL C70, D74, D83, F51, N40)
{"title":"Game Theory and the First World War","authors":"R. Myerson","doi":"10.1257/jel.20211571","DOIUrl":"https://doi.org/10.1257/jel.20211571","url":null,"abstract":"Books by Scott Wolford and Roger Ransom show how economic theories of games and decisions can be fruitfully applied to problems in World War I. This vital application offers fundamental insights into the analytical methods of game theory. Public random variables may be essential factors in war-of-attrition games. An assumption that nations can coordinate on Pareto-superior equilibria may become less tenable when nations are at war. Interpreting a surprising mistake as evidence of an unlikely type can have serious consequences. The ability of leaders to foster consistent beliefs within a cohesive society can create inconsistency of beliefs between nations at war. (JEL C70, D74, D83, F51, N40)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":12.6,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44061502","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}
Robert Mendelsohn of Yale School of the Environment, Department of Economics, and Yale School of Management reviews “Climate Future: Averting and Adapting to Climate Change” by Robert S. Pindyck. The Econlit abstract of this book begins: “Explores the extent and nature of the uncertainty of climate change's impact on the economy and society, promoting the argument that climate policy should focus on adaptation in preparation for the unlikelihood of sufficiently reducing greenhouse gas emissions.”
耶鲁大学环境学院、经济系和管理学院的Robert Mendelsohn评论了Robert S. Pindyck的《气候的未来:避免和适应气候变化》。这本书的Econlit摘要是这样开头的:“探讨了气候变化对经济和社会影响的不确定性的程度和性质，促进了气候政策应侧重于适应的论点，以准备充分减少温室气体排放的可能性。”
{"title":"Climate Future: Averting and Adapting to Climate Change","authors":"R. Mendelsohn","doi":"10.1257/jel.61.2.736.r3","DOIUrl":"https://doi.org/10.1257/jel.61.2.736.r3","url":null,"abstract":"Robert Mendelsohn of Yale School of the Environment, Department of Economics, and Yale School of Management reviews “Climate Future: Averting and Adapting to Climate Change” by Robert S. Pindyck. The Econlit abstract of this book begins: “Explores the extent and nature of the uncertainty of climate change's impact on the economy and society, promoting the argument that climate policy should focus on adaptation in preparation for the unlikelihood of sufficiently reducing greenhouse gas emissions.”","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":12.6,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44236019","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}
This paper summarizes what is known about the impact of public–private partnerships (PPPs) in the three sectors where they have been used intensively: infrastructure (energy, transport, water and sanitation, and telecommunications), education, and health. It lays out the main elements of economic theory relevant to analyzing the trade-off between PPPs and the public provision of complex projects. It places PPPs within a historical perspective. It reviews empirical evaluations of the effectiveness of PPPs and, whenever possible, the implications for social outcomes. Finally, it draws conclusions on cross-cutting issues that influence the efficiency of PPPs, from contract design and regulation to renegotiations and institutional issues. The paper straightens out and qualifies the record of existing evidence and signals some of the main areas and topics for future fruitful research. (JEL D04, H54, I11, I21, L33)
{"title":"The Impact of Public–Private Partnerships (PPPs) in Infrastructure, Health, and Education","authors":"A. Fabre, S. Straub","doi":"10.1257/jel.20211607","DOIUrl":"https://doi.org/10.1257/jel.20211607","url":null,"abstract":"This paper summarizes what is known about the impact of public–private partnerships (PPPs) in the three sectors where they have been used intensively: infrastructure (energy, transport, water and sanitation, and telecommunications), education, and health. It lays out the main elements of economic theory relevant to analyzing the trade-off between PPPs and the public provision of complex projects. It places PPPs within a historical perspective. It reviews empirical evaluations of the effectiveness of PPPs and, whenever possible, the implications for social outcomes. Finally, it draws conclusions on cross-cutting issues that influence the efficiency of PPPs, from contract design and regulation to renegotiations and institutional issues. The paper straightens out and qualifies the record of existing evidence and signals some of the main areas and topics for future fruitful research. (JEL D04, H54, I11, I21, L33)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":12.6,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44569579","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}
{"title":"Journal of Economic Literature, June 2023, Volume LXI, Number 2","authors":"","doi":"10.1257/jel.61.2.1","DOIUrl":"https://doi.org/10.1257/jel.61.2.1","url":null,"abstract":"","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":12.6,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48712873","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}
Eric M. Leeper of Department of Economics, University of Virginia reviews “A Monetary and Fiscal History of the United States, 1961-2021” by Alan S. Blinder. The Econlit abstract of this book begins: “Examines monetary and fiscal policy in the United States since the 1960s, chronicling how stabilization policy struggled to fight recessions, unemployment, and inflation.”
{"title":"A Monetary and Fiscal History of the United States, 1961–2021","authors":"E. Leeper","doi":"10.1257/jel.61.2.736.r2","DOIUrl":"https://doi.org/10.1257/jel.61.2.736.r2","url":null,"abstract":"Eric M. Leeper of Department of Economics, University of Virginia reviews “A Monetary and Fiscal History of the United States, 1961-2021” by Alan S. Blinder. The Econlit abstract of this book begins: “Examines monetary and fiscal policy in the United States since the 1960s, chronicling how stabilization policy struggled to fight recessions, unemployment, and inflation.”","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":12.6,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44074784","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}
Mostafa Beshkar of Indiana University-Bloomington reviews “A World Trading System for the Twenty-First Century” by Robert W. Staiger. The Econlit abstract of this book begins: “Discusses the success of the General Agreement on Tariffs and Trade (GATT) and its ideal economic environment, evaluating whether twenty-first-century changes in the global economy imply the need for changes in the design of the World Trade Organization (WTO) system.”
{"title":"A World Trading System for the Twenty-First Century","authors":"Mostafa Beshkar","doi":"10.1257/jel.61.2.736.r1","DOIUrl":"https://doi.org/10.1257/jel.61.2.736.r1","url":null,"abstract":"Mostafa Beshkar of Indiana University-Bloomington reviews “A World Trading System for the Twenty-First Century” by Robert W. Staiger. The Econlit abstract of this book begins: “Discusses the success of the General Agreement on Tariffs and Trade (GATT) and its ideal economic environment, evaluating whether twenty-first-century changes in the global economy imply the need for changes in the design of the World Trade Organization (WTO) system.”","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":12.6,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41648300","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}
Editor's Note Our policy is to annotate all English-language books on economics and related subjects that are sent to us. A very small number of foreign-language books are called to our attention and annotated by our consulting editors or others. Our staff does not monitor and order books published; therefore, if an annotation of a book does not appear six months after the publication date, please write to us or the publisher concerning the book.
{"title":"Annotated Listing of New Books","authors":"","doi":"10.1257/jel.61.2.745","DOIUrl":"https://doi.org/10.1257/jel.61.2.745","url":null,"abstract":"Editor's Note Our policy is to annotate all English-language books on economics and related subjects that are sent to us. A very small number of foreign-language books are called to our attention and annotated by our consulting editors or others. Our staff does not monitor and order books published; therefore, if an annotation of a book does not appear six months after the publication date, please write to us or the publisher concerning the book.","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135887734","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}
The categories listed below are used to classify books, book reviews, journal articles, and dissertations indexed in JEL, JEL on CD, and EconLit. New changes to the classification system appear as soon as possible on www.econlit.org . The JEL classification system may be used freely for scholarly purposes. We suggest the following format: “JEL: A10, B10, etc.”
下面列出的类别用于对JEL、JEL on CD和EconLit索引的书籍、书评、期刊文章和论文进行分类。分类系统的新变化会尽快出现在www.econlit.org上。JEL分类系统可以自由地用于学术目的。我们建议采用以下格式:“JEL: A10, B10等”。
{"title":"JEL Classification System","authors":"","doi":"10.1257/jel.61.2.818","DOIUrl":"https://doi.org/10.1257/jel.61.2.818","url":null,"abstract":"The categories listed below are used to classify books, book reviews, journal articles, and dissertations indexed in JEL, JEL on CD, and EconLit. New changes to the classification system appear as soon as possible on www.econlit.org . The JEL classification system may be used freely for scholarly purposes. We suggest the following format: “JEL: A10, B10, etc.”","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135939313","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}
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