{"title":"Journal of Economic Literature, September 2022, Volume LX, Number 3","authors":"","doi":"10.1257/jel.60.3.1","DOIUrl":"https://doi.org/10.1257/jel.60.3.1","url":null,"abstract":"","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":12.6,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44576309","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 essay examines the extent to which research on the economics of race and crime produced by Black economists or published in the flagship journal of the organization of Black economists, the Review of Black Political Economy (RBPE), is undervalued by mainstream economics. We use modern bibliometric methods to test for citation biases in the economics of crime literature. We also identify the contributions of three streams of research overlooked in the mainstream literature: identity, police use of force, and mass incarceration. We find evidence that Blacks publishing on race and crime in top economics journals are less likely to be cited than non-Blacks and that articles published in the RBPE are less likely to be cited than articles published in other journals. A review of some under-cited articles reveals that themes related to identity, police use of force, and mass incarceration hold valuable insights for policy makers and those seeking solutions to problems of persistent racial disparities in the criminal legal system. (JEL A11, A14, H75, J15, K42)
{"title":"Racial Isolation and Marginalization of Economic Research on Race and Crime","authors":"Patrick L. Mason, S. Myers, M. Simms","doi":"10.1257/jel.20211688","DOIUrl":"https://doi.org/10.1257/jel.20211688","url":null,"abstract":"This essay examines the extent to which research on the economics of race and crime produced by Black economists or published in the flagship journal of the organization of Black economists, the Review of Black Political Economy (RBPE), is undervalued by mainstream economics. We use modern bibliometric methods to test for citation biases in the economics of crime literature. We also identify the contributions of three streams of research overlooked in the mainstream literature: identity, police use of force, and mass incarceration. We find evidence that Blacks publishing on race and crime in top economics journals are less likely to be cited than non-Blacks and that articles published in the RBPE are less likely to be cited than articles published in other journals. A review of some under-cited articles reveals that themes related to identity, police use of force, and mass incarceration hold valuable insights for policy makers and those seeking solutions to problems of persistent racial disparities in the criminal legal system. (JEL A11, A14, H75, J15, K42)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":12.6,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48542188","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":"Symposium: Race and Economic Literature—Introduction","authors":"Trevon Logan, S. Myers","doi":"10.1257/jel.20211685","DOIUrl":"https://doi.org/10.1257/jel.20211685","url":null,"abstract":"","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":12.6,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46666475","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}
We explore the contributions of Black economists to research on major economic and social policy problems in the United States. We focus on applications in education, poverty and economic mobility, and public finance to extract common themes and patterns. The major themes that emerge include (i) Black economists’ examination of individual versus structural explanations for economic outcomes, (ii) the role played by race and discrimination, (iii) the endogenous determination of race, and (iv) the nature of objectivity and positionality in economic research. A unifying theme is a willingness of many Black economists to engage critically on economic policy issues, using frameworks both from within as well as outside of mainstream neoclassical economics.(JEL A11, D72, I23, I28, I32, J15, K42)
{"title":"Black Economists on Race and Policy: Contributions to Education, Poverty and Mobility, and Public Finance","authors":"Dania V. Francis, B. Hardy, Damon Jones","doi":"10.1257/jel.20211686","DOIUrl":"https://doi.org/10.1257/jel.20211686","url":null,"abstract":"We explore the contributions of Black economists to research on major economic and social policy problems in the United States. We focus on applications in education, poverty and economic mobility, and public finance to extract common themes and patterns. The major themes that emerge include (i) Black economists’ examination of individual versus structural explanations for economic outcomes, (ii) the role played by race and discrimination, (iii) the endogenous determination of race, and (iv) the nature of objectivity and positionality in economic research. A unifying theme is a willingness of many Black economists to engage critically on economic policy issues, using frameworks both from within as well as outside of mainstream neoclassical economics.(JEL A11, D72, I23, I28, I32, J15, K42)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":12.6,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46608733","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 article reviews the history of race laws in the United States as distinct from the rule of law, an idea found in the writing and speeches of Sadie Tanner Mossell Alexander, the first African American PhD in economics (1921). We review the race laws of slavery, lynching, Negro Jobs, and the making of the Black ghetto. We highlight the life and writings of Alexander and other early African American economists as an example of the cost of racial exclusion in the economics profession and how it has impeded the production of useful knowledge about the workings of the US economy. (JEL J15, K38, N31, N32, N41, N42)
{"title":"A Nation of Laws, and Race Laws","authors":"N. Banks, Warren C. Whatley","doi":"10.1257/jel.20211689","DOIUrl":"https://doi.org/10.1257/jel.20211689","url":null,"abstract":"This article reviews the history of race laws in the United States as distinct from the rule of law, an idea found in the writing and speeches of Sadie Tanner Mossell Alexander, the first African American PhD in economics (1921). We review the race laws of slavery, lynching, Negro Jobs, and the making of the Black ghetto. We highlight the life and writings of Alexander and other early African American economists as an example of the cost of racial exclusion in the economics profession and how it has impeded the production of useful knowledge about the workings of the US economy. (JEL J15, K38, N31, N32, N41, N42)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":12.6,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46967930","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 article introduces the core constructs of stratification economics to provide a coherent explanation for the persistence of intergroup inequalities. Aligned with the critical race theory concept of “the property rights in Whiteness,” stratification economics explicitly incorporates the concepts of identity-group investment and group-based agency in the construction of identity-group hierarchies. We survey the intellectual lineage, foundations, tenets and theoretical underpinnings of stratification economics, and conclude with a treatise on inclusive economic rights as an appropriate policy frame to empower people and counteract structural inequalities generated from inter-group conflict and competition for preferred outcomes. (JEL D63, G51, I14, I24, J15, J31, Z13)
{"title":"Stratification Economics: Core Constructs and Policy Implications","authors":"G. Chelwa, Darrick Hamilton, James Stewart","doi":"10.1257/jel.20211687","DOIUrl":"https://doi.org/10.1257/jel.20211687","url":null,"abstract":"This article introduces the core constructs of stratification economics to provide a coherent explanation for the persistence of intergroup inequalities. Aligned with the critical race theory concept of “the property rights in Whiteness,” stratification economics explicitly incorporates the concepts of identity-group investment and group-based agency in the construction of identity-group hierarchies. We survey the intellectual lineage, foundations, tenets and theoretical underpinnings of stratification economics, and conclude with a treatise on inclusive economic rights as an appropriate policy frame to empower people and counteract structural inequalities generated from inter-group conflict and competition for preferred outcomes. (JEL D63, G51, I14, I24, J15, J31, Z13)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":12.6,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41481306","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 article provides an overview of the origins and development of stratification economics as a subfield that centers the importance of identity, social ranking, and relative group position. Stratification economics developed in response to explanations for interracial/ethnic/gender inequality that invoked group-based dysfunction on the part of the subordinate community. Influences, detailed here, include the works of W. E. B. DuBois, Thorstein Veblen, Karl Marx, Eric Williams, Herbert Blumer, Claude Steele, Cecilia Ridgeway, Thomas Pettigrew, and Linda Tropp. The article concludes with an exploration of unique insights and extensions stratification economics affords a variety of themes: the impact of multiple identities, the determinants of individual productivity, variation in intensity of group identification, “passing,” sources of intergroup differences in wealth, and social mobility and immigration. (JEL D31, D63, I31, J15, J16, Z13)
{"title":"Position and Possessions: Stratification Economics and Intergroup Inequality","authors":"W. Darity","doi":"10.1257/jel.20211690","DOIUrl":"https://doi.org/10.1257/jel.20211690","url":null,"abstract":"This article provides an overview of the origins and development of stratification economics as a subfield that centers the importance of identity, social ranking, and relative group position. Stratification economics developed in response to explanations for interracial/ethnic/gender inequality that invoked group-based dysfunction on the part of the subordinate community. Influences, detailed here, include the works of W. E. B. DuBois, Thorstein Veblen, Karl Marx, Eric Williams, Herbert Blumer, Claude Steele, Cecilia Ridgeway, Thomas Pettigrew, and Linda Tropp. The article concludes with an exploration of unique insights and extensions stratification economics affords a variety of themes: the impact of multiple identities, the determinants of individual productivity, variation in intensity of group identification, “passing,” sources of intergroup differences in wealth, and social mobility and immigration. (JEL D31, D63, I31, J15, J16, Z13)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":12.6,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45565156","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}
In 1955, Herbert Simon introduced the notion of satisficing: an agent satisfices by searching for an alternative that meets an aspiration level but does not optimize. We survey more than 60 years of advances in understanding satisficing in economics, psychology, and management, identifying two research traditions that address two classes of situations: under risk, satisficing is typically inferior to optimization strategies and modeled according to the neoclassical framework; under uncertainty, satisficing strategies are often derived empirically and can be highly effective. We integrate the two research traditions and show the conditions under which satisficing can be rational. (JEL D11, D80, D90)
{"title":"Satisficing: Integrating Two Traditions","authors":"Florian M. Artinger, G. Gigerenzer, Perke Jacobs","doi":"10.1257/jel.20201396","DOIUrl":"https://doi.org/10.1257/jel.20201396","url":null,"abstract":"In 1955, Herbert Simon introduced the notion of satisficing: an agent satisfices by searching for an alternative that meets an aspiration level but does not optimize. We survey more than 60 years of advances in understanding satisficing in economics, psychology, and management, identifying two research traditions that address two classes of situations: under risk, satisficing is typically inferior to optimization strategies and modeled according to the neoclassical framework; under uncertainty, satisficing strategies are often derived empirically and can be highly effective. We integrate the two research traditions and show the conditions under which satisficing can be rational. (JEL D11, D80, D90)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":12.6,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48075824","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}
Noel D. Johnson and Mark Koyama’s book, Persecution and Toleration: The Long Road to Religious Freedom, examines the links between religion, state action, and the development of liberalism in medieval Europe. It discusses a model of “conditional toleration”; how the interaction between religion and state influences persecution and discrimination against minorities; and how religious freedom eventually paved the way for scientific advances, liberalism, and economic growth. It tackles issues such as fiscal capacity, anti-Semitism in Europe, plagues including the Black Death, heresy in the Spanish Inquisition, witchcraft trials, the Holocaust, climate shocks, and the growth of cities with emergent religious minorities. It discusses these issues for a range of countries in medieval Europe, providing rich historical detail and interpretive depth for its main argument. This is a deeply evocative book that makes an important contribution to the new economics of religion. Carefully researched and thoughtfully crafted, the themes it discusses and the ideas it raises have relevance not only for medieval European societies, with which it is principally concerned, but also for contemporary economies everywhere. (JEL D72, N13, N33, N43, Z12)
{"title":"Religion and Discrimination: A Review Essay of Persecution and Toleration: The Long Road to Religious Freedom","authors":"Sriya Iyer","doi":"10.1257/jel.20201594","DOIUrl":"https://doi.org/10.1257/jel.20201594","url":null,"abstract":"Noel D. Johnson and Mark Koyama’s book, Persecution and Toleration: The Long Road to Religious Freedom, examines the links between religion, state action, and the development of liberalism in medieval Europe. It discusses a model of “conditional toleration”; how the interaction between religion and state influences persecution and discrimination against minorities; and how religious freedom eventually paved the way for scientific advances, liberalism, and economic growth. It tackles issues such as fiscal capacity, anti-Semitism in Europe, plagues including the Black Death, heresy in the Spanish Inquisition, witchcraft trials, the Holocaust, climate shocks, and the growth of cities with emergent religious minorities. It discusses these issues for a range of countries in medieval Europe, providing rich historical detail and interpretive depth for its main argument. This is a deeply evocative book that makes an important contribution to the new economics of religion. Carefully researched and thoughtfully crafted, the themes it discusses and the ideas it raises have relevance not only for medieval European societies, with which it is principally concerned, but also for contemporary economies everywhere. (JEL D72, N13, N33, N43, Z12)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":12.6,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138503220","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 Black Death was the largest demographic shock in European history. We review the evidence for the origins, spread, and mortality of the disease. We document that it was a plausibly exogenous shock to the European economy and trace out its aggregate and local impacts in both the short run and the long run. The initial effect of the plague was highly disruptive. Wages and per capita income rose. But, in the long run, this rise was only sustained in some parts of Europe. The other indirect long-run effects of the Black Death are associated with the growth of Europe relative to the rest of the world, especially Asia and the Middle East (the Great Divergence), a shift in the economic geography of Europe toward the northwest (the Little Divergence), the demise of serfdom in western Europe, a decline in the authority of religious institutions, and the emergence of stronger states. Finally, avenues for future research are laid out. (JEL N13, N30, N43, J10, I12, I14, I30)
{"title":"The Economic Impact of the Black Death","authors":"Remi Jedwab,Noel D. Johnson,Mark Koyama","doi":"10.1257/jel.20201639","DOIUrl":"https://doi.org/10.1257/jel.20201639","url":null,"abstract":"The Black Death was the largest demographic shock in European history. We review the evidence for the origins, spread, and mortality of the disease. We document that it was a plausibly exogenous shock to the European economy and trace out its aggregate and local impacts in both the short run and the long run. The initial effect of the plague was highly disruptive. Wages and per capita income rose. But, in the long run, this rise was only sustained in some parts of Europe. The other indirect long-run effects of the Black Death are associated with the growth of Europe relative to the rest of the world, especially Asia and the Middle East (the Great Divergence), a shift in the economic geography of Europe toward the northwest (the Little Divergence), the demise of serfdom in western Europe, a decline in the authority of religious institutions, and the emergence of stronger states. Finally, avenues for future research are laid out. (JEL N13, N30, N43, J10, I12, I14, I30)","PeriodicalId":48416,"journal":{"name":"Journal of Economic Literature","volume":null,"pages":null},"PeriodicalIF":12.6,"publicationDate":"2022-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138503221","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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