A journal of the American Economic Association Fall 2016
A journal of the American Economic Association Editor Enrico Moretti, University of California at Berkeley Coeditors Gordon Hanson, University of California at San Diego Mark Gertler, New York University Associate Editors Anat Admati, Stanford University Nicholas Bloom, Stanford University Dora Costa, University of California at Los Angeles Amy Finkelstein, Massachusetts Institute of Technology Seema Jayachandran, Northwestern University Guido Lorenzoni, Northwestern University Emi Nakamura, Columbia University Richard Newell, Duke University Valerie Ramey, University of California at San Diego Scott Stern, Massachusetts Institute of Technology Managing Editor Timothy Taylor Assistant Editor Ann Norman Editorial offices: Journal of American Economic Association Publications 2403 Sidney St., #260 Pittsburgh, PA 15203 email: jep@jepjournal.org gratefully acknowledges the support of Macalester College. Registered in the US Patent and Trademark Office ( ). Copyright 2016 by the American Economic Association; All Rights Reserved. Composed by American Economic Association Publications, Pittsburgh, Pennsylvania, USA. Printed by R. R. Donnelley Company, Jefferson City, Missouri, 65109, USA. No responsibility for the views expressed by the authors in this journal is assumed by the editors or by the American Economic Association. THE JOURNAL OF ECONOMIC PERSPECTIVES (ISSN 0895-3309), Fall 2016, Vol. 30, No. 4. The JEP is published quarterly (February, May, August, November) by the American Economic Association, 2014 Broadway, Suite 305, Nashville, TN 37203-2418. Annual dues for regular membership are $20.00, $30.00, or $40.00 depending on income; for an additional $15.00, you can receive this journal in print. E-reader versions are free. For details and further information on the AEA go to https://www.aeaweb.org/. Periodicals postage paid at Nashville, TN, and at additional mailing offices. POSTMASTER: Send address changes to the Journal of, 2014 Broadway, Suite 305, Nashville, TN 37203. Printed in the U.S.A.
Contents Volume 30 Number 4 Fall 2016 Symposia Immigration and Labor Markets Giovanni Peri, Immigrants, Productivity, and Labor Markets....3 Christian Dustmann, Uta Schönberg, and Jan Stuhler, The Impact of Immigration: Why Do Studies Reach Such Different Results?.... 31 Gordon Hanson and Craig McIntosh, Is the Mediterranean the New Rio Grande? US and EU Immigration Pressures in the Long Run... 57 Sari Pekkala Kerr, William Kerr, Çağlar Özden, and Christopher Parsons, Global Talent Flows...83 What is Happening in Game Theory? Larry Samuelson, Game Theory in Economics and Beyond.... 107 Vincent P. Crawford, New Directions for Modelling Strategic Behavior: Game-Theoretic Models of Communication, Coordination, and Cooperation in Economic Relationships.... 131 Drew Fudenberg and David K. Levine, Whither Game Theory? Towards a Theory of Learning in Games.... 151 Articles Dave Donaldson and Adam Storeygard, The View from Above: Applications of Satellite Data in Economics... 171 Robert M. Townsend, Village and Larger Economies: The Theory and Measurement of the Townsend Thai Project... 199 Amanda Bayer and Cecilia Elena Rouse, Diversity in the Economics Profession: A New Attack on an Old Problem.... 221 Features Timothy Taylor, Recommendations for Further Reading.... 243
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Fall 2016, Volume 30, Number 4 Symposia Immigration and Labor Markets Giovanni Peri, Immigrants, Productivity, and Labor Markets Christian Dustmann, Uta Schönberg, and Jan Stuhler, The Impact of Immigration: Why Do Studies Reach Such Different Results? Gordon Hanson and Craig McIntosh, Is the Mediterranean the New Rio Grande? US and EU Immigration Pressures in the Long Run Sari Pekkala Kerr, William Kerr, Çağlar Özden, and Christopher Parsons, Global Talent Flows What is Happening in Game Theory? Larry Samuelson, Game Theory in Economics and Beyond Vincent P. Crawford, New Directions for Modelling Strategic Behavior: Game-Theoretic Models of Communication, Coordination, and Cooperation in Economic Relationships Drew Fudenberg and David K. Levine, Whither Game Theory? Towards a Theory of Learning in Games Articles Dave Donaldson and Adam Storeygard, The View from Above: Applications of Satellite Data in Economics Robert M. Townsend, Village and Larger Economies: The Theory and Measurement of the Townsend Thai Project Amanda Bayer and Cecilia Elena Rouse, Diversity in the Economics Profession: A New Attack on an Old Problem Recommendations for Further Reading