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Economic Perspectives The Journal of The Journal of Economic Perspectives Economic Perspectives The Journal of Fall 2016, Volume 30, Number 4 Economic Perspectives 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, Çag˘lar Özden, and Christopher Parsons, “Global Talent Flows” A journal of the American Economic Association What is Happening in Game Theory? Larry Samuelson, “Game Theory in Economics and Beyond” Vincent P. Crawford, “New Directions for Modelling Strategic Behavior: 30, Number 4 Fall 2016 Volume 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 Fall 2016 The American Economic Association The Journal of Correspondence relating to advertising, busi- Founded in 1885 ness matters, permission to quote, or change Economic Perspectives of address should be sent to the AEA business EXECUTIVE COMMITTEE office: [email protected]. Street ad- dress: American Economic Association, 2014 Elected Officers and Members A journal of the American Economic Association Broadway, Suite 305, Nashville, TN 37203. For membership, subscriptions, or complimentary President JEP for your e-reader, go to the AEA website: ROBERT J. SHILLER, Yale University Editor http://www.aeaweb.org. Annual dues for regu- lar membership are $20.00, $30.00, or $40.00, President-elect Enrico Moretti, University of California at Berkeley depending on income; for an additional fee, you can receive this journal, or any of the Associa- ALVIN E. ROTH, Stanford University tion’s journals, in print. Change of address no- Vice Presidents Coeditors tice must be received at least six weeks prior to the publication month. DARON ACEMOGLU, Massachusetts Institute of Technology Gordon Hanson, University of California at San Diego Copyright © 2016 by the American Eco nomic MARIANNE BERTRAND, University of Chicago Mark Gertler, New York University Association. Permission to make dig ital or hard copies of part or all of this work for personal or Members classroom use is granted without fee provided DORA L. COSTA, University of California at Los Angeles Associate Editors that copies are not made or distributed for profit or direct commercial advantage and that cop- GUIDO W. IMBENS, Stanford University Anat Admati, Stanford University ies show this notice on the first page or initial DAVID H. AUTOR, Massachusetts Institute of Technology screen of a display along with the full citation, in- Nicholas Bloom, Stanford University cluding the name of the author. Copyrights for RACHEL E. KRANTON, Duke University Dora Costa, University of California at Los Angeles components of this work owned by others than JOHN Y. CAMPBELL, Harvard University AEA must be honored. Abstracting with credit Amy Finkelstein, Massachusetts Institute of Technology is permitted. The author has the right to repub- HILARY HOYNES, University of California at Berkeley lish, post on servers, redistribute to lists, and use Seema Jayachandran, Northwestern University any component of this work in other works. 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DURLAUF, University of Wisconsin Timothy Taylor educational organization, located at 2014 Broadway, Suite 305, Nashville, Davidson County, Editor, The Journal of Economic Perspectives TN 37203-2425. The Editor is Professor Enrico ENRICO MORETTI, University of California at Berkeley Moretti, the Managing Editor is Timothy Taylor, Assistant Editor Journal of Economic Perspectives, 2403 Sidney Editor, American Economic Journal: Applied Economics Ann Norman Street, Suite 260, Pittsburgh, PA 15203. The tax ESTHER DUFLO, Massachusetts Institute of Technology status of the American Economic Association has not changed during the preceding twelve Editor, American Economic Journal: Economic Policy months. During the preceding twelve months the average number of copies printed for each issue MATTHEW D. SHAPIRO, University of Michigan was 6,635; the average total paid distribution, Editor, American Economic Journal: Macroeconomics 5,537; the average total free or nominal rate Editorial offices: include on PS form 3541, zero; the average RICHARD ROGERSON, Princeton University Journal of Economic Perspectives total free or nominal rate distribution, 215; total distribution, 5,752; the average number of copies Editor, American Economic Journal: Microeconomics American Economic Association Publications not distributed, 883. Corresponding figures for ANDREW POSTLEWAITE, University of Pennsylvania May 2016, the issue published nearest to filing 2403 Sidney St., #260 date: total number of copies printed, 6,398; total Secretary-Treasurer Pittsburgh, PA 15203 paid circulation, 5,310; the average total free or PETER L. ROUSSEAU, Vanderbilt University nominal rate include on PS form 3541, zero; the email: [email protected] average total free or nominal rate distribution, 214; total distribution, 5,524; the average number OTHER OFFICERS of copies not distributed, 874. During the Editor, Resources for Economists preceding twelve months the average number The Journal of Economic Perspectives gratefully acknowledges the support of Macalester College. of paid electronic copies each issue was 952; the WILLLIAM GOFFE, Pennsylvania State University ® total average paid print and electronic copies, Registered in the US Patent and Trademark Office ( ). 6,489; the total print distribution and electronic Director of AEA Publication Services Copyright © 2016 by the American Economic Association; All Rights Reserved. copies, 6,704. Corresponding figures for May JANE EMILY VOROS, Pittsburgh 2016, the issue published nearest to filing date: Composed by American Economic Association Publications, Pittsburgh, Pennsylvania, USA. Managing Director of EconLit Product Design and Content Printed by R. R. Donnelley Company, Jefferson City, Missouri, 65109, USA. number of paid electronic copies, 954; the total paid print and electronic copies, 6,264; the total STEVEN L. HUSTED, University of Pittsburgh No responsibility for the views expressed by the authors in this journal is assumed by the editors or by print distribution and electronic copies, 6,478. the American Economic Association. Certified by Regina Montgomery, Administrative Counsel THE JOURNAL OF ECONOMIC PERSPECTIVES (ISSN 0895-3309), Fall 2016, Vol. 30, No. 4. The JEP is Director. TERRY CALVANI, Freshfields Bruckhaus Deringer LLP published quarterly (February, May, August, November) by the American Economic Association, 2014 Washington, DC 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 ADMINISTRATORS versions are free. For details and further information on the AEA go to https://www.aeaweb.org/. Administrative Director Periodicals postage paid at Nashville, TN, and at additional mailing offices. REGINA H. MONTGOMERY POSTMASTER: Send address changes to the Journal of Economic Perspectives, 2014 Broadway, Suite 305, Convention Manager Nashville, TN 37203. Printed in the U.S.A. GWYN LOFTIS The Journal of Economic Perspectives 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, Çag˘lar 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”
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